The first year of the program is dedicated to training in the core basics of economics with a focus on microeconomics, macroeconomics and econometrics. The summer following the first year of the program all students must take the economics micro and macro comprehensive exams.
The second year of the program focuses on finance with an emphasis on financial theory, corporate finance, asset pricing, and finance workshops. Finance workshops consist of each student presenting their preliminary research in front of the finance faculty. The summer following the second year of the program all students must take the finance comprehensive exam. Further, students must take three other classes in economics and present their preliminary research in front of the economics faculty.
The third year of the program includes two classes in economics and additional workshops with a focus on completing a research paper on a finance or economics topic. The topic may be either theoretical or empirical, and should contain elements of original research that extend the existing literature.
Advancement to Dissertator Status requires: (1) Successful completion of both economics and finance comprehensive exams; (2) successful completion of a sole-authored paper requirement.
Each milestone requirement – field paper, three signature proposal, and dissertation committee – must include at least one faculty member from both the economics and the finance department. A single dissertation, approved by members comprised of both departments, is sufficient to fulfill the dissertation requirement.
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