Field Requirements in the Department of Economics, 2012-2013 July 27, 2012 P = Primary field; S = Secondary field

The doctoral program now has a two-field requirement beginning with students who entered in fall 2006. Students who entered prior to fall 2006 are not required to take two fields but are encouraged to do so. Note: if you do decide to take a single field, that field cannot be Experimental Economics. The following are the field requirements for the coming year. However, please check with the relevant field committee contacts and the instructors (see below).

Development Economics: P = Development I and Development II, plus a paper. Contact: Easterly, Ray
S = Development I and Development II; NO paper.

Econometrics: Not offered 2012-2013 P = Two topics courses plus attendance in econometrics seminar plus paper requirement.
Contact: Jenish, Vytlacil,Vuong

S = Same as P but NO paper requirement. Economic Theory: P = Two theory courses plus the student theory workshop, with a B+ average or better. Paper
requirement. Attendance in the theory seminar is required. Contact: Ok, Ray

S = P. Experimental Economics:
P = Not available. Contact: Frechette, Schotter. S = To qualify for the experimental economics (secondary) field a student must take both semesters of the Experimental Economics course sequence and attend the Experimental Economics seminar. Students are also required to take at least one of the two PhD level courses in economic psychology (behavioral economics) offered by the department. These are "Decision Theory and Experimental Economics taught by Andrew Caplin and Topics in Behavioral Economics taught by David Cesarini. An important part of the field requirement is that students write an experimental research paper. The paper should be similar to an NSF grant application in that it should be complete, but it is not required to contain data. The paper must be of sufficient quality to be deemed ultimately publishable in a high quality refereed journal. To aid in the preparation of this paper a substantial amount of time will be devoted to the Experimental Economics course sequence to supervising course papers. There is no written field exam. However students will be required to give a presentation of their proposed research in front of CESS faculty. The purpose of the presentation is to provide feedback on the research design. After the presentation, students may be asked to submit a revised research plan which is responsive to any concerns raised during the presentation. Typically, these presentations will be given shortly before the start of the fall semester. This cannot be taken as a single field.

Financial Economics: P = Students are required to take the following three courses: fall 2012 = ECON-GA 3001-03
Financial Economics Workshop, with Professor Douglas Gale; spring 2013 = ECON-GA 2022 Financial Economics II, with Professor Jarda Borovicka; and ECON-GA 2023 Financial Economics III (Empirical Asset Pricing), with Professor Sydney Ludvigson. An additional course from the Stern School or Courant Institute may be substituted, with permission, for one or more of the above courses, subject to the requirement that the three courses taken must include both asset pricing and corporate finance, and both theory and empirical courses. A student taking Financial Economics as a primary field must also complete a research paper. Contact: Bisin, Borovicka, Ludvigson, Gale, S = Same as primary, except that the paper is not required if Financial Economics is taken as a secondary field.

Industrial Organization: P = Three course sequence:

Fall 2012: ECON-GA 1801.01 Industrial Organization I with Professor Boyan Jovanovic; ECON-GA 3001.004 "Topics in Economics: Industrial Organization (same as ECON-GB 3360.001) with Professor Robin Lee, Stern. Spring 2013: ECON-GA 1802.01 Industrial Organization II with Professor John Lazarev Grade B+ or better in each course. Contact: Jovanovic. S = Two courses: ECON-GA 1801-01 and one other. Grade B or better in each course. Neither the IO field nor ECON-GA 1801.01 requires a paper but I gladly will look at the papers of any student that takes that course for credit.

Labor Economics:
P = Completion of Labor Economics I and II; a short research paper with some original content; and attendance in the Applied Microeconomics Workshop. Contact: Flinn, Gemici, Thom. S = same as P except there is no paper required.

Law & Economics: P = Two courses - David Harpers Economic Analysis of Law and Economic Analysis of
Property & Contract Law (ECON-GA 3002.003), or other course as approved by law & economics committee, PLUS Econ of Torts reading list and a research paper. Contact: Rizzo, Harper. S = Same as for primary EXCEPT NO Econ of Torts reading list or research paper.

Macroeconomics:
P = Three advanced macroeconomics courses plus attendance in the Macroeconomics Workshop ECON-GA 3005-3006. Courses include: Fall 2012 - ECON-GA 2403 Advanced Macro I with Professor Mark Gertler; G31.1801 IO I with Professor Boyan Jovanovic; ECON-GA 3002-07 Topics in Economics: Empirical Methods of Dynamic Macroeconomics with Professor Tim Cogley; Spring 2013: ECON-GA 2404 Advanced Macroeconomics II with Professor Jess Benhabib; ECON-GA 3001.009 Topics in Economics: Income Distribution, Heterogeneity & the Macroeconomy with Professor Raquel Fernandez; ECON-GA 3001-03 Topics in Macroeconomics with Professor Thomas Sargent; ECON-GA 3002-11 Topics in Advanced

Macroeconomics with Professor Virgiliu Midrigan; ECON-GA 3002-12 Topics in Economics: Information Frictions, Networks & Macroeconomics with Professors Laura Veldkamp and Michael Waugh. Contact: Sargent, Lagos, Leahy, Violante S = Same as P but no Macroeconomics Workshop requirement.

There is currently no field in Behavioral Economics or Psychology & Economics. International Economics: NOT OFFERED 2012-2013 P = Two courses (International Economics I and II) with at least a B+ average, plus a 15-25 page paper, completed under the supervision of a faculty member in the field. Regular attendance at the International Seminar Contact: TBA S = same as P without the paper and at least a B average in the courses.

Political Economy: - NOT OFFERED 2012-2013 P = Two courses (Topics in Political Economy I; Topics in Political Economy II) with a
grade of B+ average or better plus a five (5) page research proposal. Contact: Lizzeri S = Same as for primary.