The Applied Economics PhD program provides training valuable for success in academic, analytical, and policy positions.Students focus on quantitative economic analysis of problems and policies in areas primarily related to natural resources and the environment, trade, development, energy, marine and coastal resources, and health care.
The program emphasizes rigorous immersion in economic theory, econometrics and other quantitative methods, and in their uses and applications in the student’s concentration areas. The curriculum draws on core courses offered within the Applied Economics graduate program – and on concentration and elective courses from the Applied Economics Department, the Colleges of Forestry, Agricultural Sciences, Liberal Arts, and Earth, Ocean, and Atmospheric Sciences, and the School of Public Health.
The Applied Economics PhD program prepares students for careers in academia, consulting, and government and in financial services and other industries.
The Graduate Program Director acts as the temporary advisor for students beginning PhD studies. Students are strongly encouraged to find a permanent advisor/major professor by winter quarter of their second year. Ideally this is the same as the advisor for the empirical paper, but it does not need to be. The Director will provide guidance on the first year 1 courses that will be suitable to the program requirements and to the student’s background and interests.
The overall program consists of five components:
(1) Core courses in microeconomic and quantitative methods
(2) Two concentration areas, each with a minimum three-course requirement
(3) Elective courses
(4) An empirical research paper written during the student's second year, and
(5) Dissertation research
Students must receive a B or higher in all courses meant to fulfill PhD program requirements. PhD program completion time is normally four years.
Core Courses (37 credits)
AEC 512 (4) Microeconomic Theory I (Fall Term, first five weeks)
AEC 513 (4) Microeconomic Theory II (Fall Term, second five weeks)
AEC 525 (4) Applied Econometrics (Fall Term)
AEC 611 (4) Advanced Microeconomic Theory I (Winter Term)
AEC 612 (4) Advanced Microeconomic Theory II (Spring Term)
AEC 613 (4) Advanced Microeconomic Theory III (Fall Term of 2nd Year)
AEC 625 (4) Advanced Econometrics I (Winter Term)
AEC 626 (4) Advanced Econometrics II (Spring Term)
AEC 627 (4) Computational Economics (Fall Term of 2nd Year)
GRAD 520 (1) Responsible Conduct of Research (Fall, Winter or Spring Term)
Concentrations available in the Applied Economics Program are: (a) Resource and Environmental Economics, (b) Development Economics, and (c) An open concentration area developed in consultation with the student’s advisory committee.
Students are required to complete two concentrations. Each should include at least three courses, two of which must be at the 600 (PhD) level. Concentration courses in Natural Resource and Environmental Economics and in Development Economics will be offered in alternate years.
The following courses are relevant to the two defined concentration areas:
AEC 550 (4) Environmental and Natural Resource Economics
AEC 551 (4) Applications of Env and Natural Resource Economics
AEC 651 (3) Advanced Natural Resource Economics
AEC 652 (3) Advanced Environmental Economics
AEC 653 (3) Empirical Environmental and Resource Economics
AEC 543 (4) International Trade
ECON 555 (4) Economic Development
AEC 640 (3) Sustainable Development
AEC 643 (3) Advanced Topics in Development Economics
A total minimum of 108 credits (500 or 600 level) are needed to complete the PhD program, of which at least 36 must be PhD dissertation credits. The minimum number of elective credits needed for the degree will be that required – together with the core, concentration, and dissertation credits – to fulfill the 108-credit total minimum.
To be advanced to candidacy, the student must pass a written preliminary examination (at the end of the first year), write an empirical research paper during the second year, and pass a comprehensive oral qualifying examination (no later than fall of the third year).
The written preliminary exam focuses on the microeconomic theory courses taken during the first year, together with applications of the theory covered in the first-year econometrics and quantitative methods courses. Microeconomic Theory III (AEC 613) taken in the second year and Computational Economics (AEC 627), taken in the third year, are not tested on the written preliminary exam.
All PhD students are expected to complete a research project during their second year in the program. Each student will register for AEC 606 (Special Projects) for each quarter of the second year – 1 credit in the fall and 3 credits in the winter and spring term. The purpose of the empirical project is for PhD students to begin thinking about research and identifying potential advisors and topics early in the program, and to produce a research paper that provides evidence on an original idea. Each student should identify an AEC graduate faculty member to advise the development of the paper. However, ultimately the research paper is the responsibility of the student, though a collaborative effort with the faculty advisor is acceptable. The faculty advisor is the principal source of feedback on the paper and students are strongly encouraged to identify a faculty advisor by the beginning of their second year. This faculty member may, but does not have to, eventually become the student’s permanent dissertation advisor. Similarly, the chosen topic may, but does not have to, develop into (part of) the student’s dissertation topic. The organization of AEC 606 is meant to provide each student with guidance and a set of deadlines to help facilitate completion of the project. There are multiple hard deadlines that will be enforced. The purpose of the deadlines is to ensure steady progress is made throughout the year.
After the student has identified a major professor, assembled a committee, and filed a program of study, he/she must pass the comprehensive oral qualifying examination (no later than fall of the third year). The oral exam has two components: a) A proposal of the student’s intended dissertation research; and b) An oral exam covering all of the student’s core and field course work up to the time of the exam. Once the student passes this exam, he/she is advanced to PhD candidacy.
|Summary of Required PhD Credits|
|Two Concentrations||18 minimum|
|Research Dissertation||36 minimum|
|Sample PhD Program Schedule (Complete in ˜4 years)
minimum 108 credits
||AEC 512 (4 credits)||AEC 611 (4 credits)||AEC 612 (4 credits)|
|AEC 513 (4 credits)||AEC 625 (4 credits)||AEC 626 (4 credits)|
|AEC 525 (4 credits)||AEC 550 (4 credits)||AEC 551 (4 credits)|
|GRAD 520 (1 credit)||Written Preliminary Exam|
|Year 2||AEC 613 (4 credits)|
|Second Year Paper||Second Year Paper||Second Year Paper|
File Program of Study
|Year 3||AREC 627 (4 credits)|
Oral Qualifying Exam - Fall term of the 3rd year.
|Year 4||Dissertation (minimum of 36 dissertation credits to graduate)|