Required Ph.D. Courses 1. The applied micro theory sequence complements the microeconomic theory sequence and is taken concurrently. The goal is to show how the theory is used to solve applied problems in agriculture, resources and development. Particular emphasis is placed on the general philosophy of economic modeling, welfare economics, and empirical models of industrial organization. Passing these exams is necessary to continue in the program.
Students have a total of six tries in the three exams, with a maximum of three tries in one subject.
Two fields are chosen, in most students' second year. As these two fields cover six courses, students take another three courses at their option. These can be a sequence of another field, or a selection among courses across several fields, or courses such as Macroeconomics, Econ 200D and 200 E. Completing at least three courses with a grade of B- or better satisfies each field. That is, there are no exams over the fields. The Second field can be selected from the above three, from number 4, or any three-course field in the Department of Economics.