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Economics

Doctor of Philosophy

The Department of Economics offers a doctor of philosophy (PhD) program that prepares students for a research career. The program combines coursework in the core fields of microeconomics, macroeconomics, and econometrics, elective coursework in a variety of fields, and substantive original research.

¶¡ÏãÔ°AV Requirements

Applicants must satisfy the University admission requirements as stated in Graduate General Regulations 1.3 in the ¶¡ÏãÔ°AV Calendar. Also required is a master of arts (MA) degree, with graduate work in core areas that are equivalent to ECON 802, 807, 835 and 836. Any core area deficiency must be filled by completing the appropriate course(s) in addition to the course work normally required. In certain cases, students may be transferred into the doctor of philosophy (PhD) program from the MA program after meeting MA core and unit requirements (16 courses beyond the BA honours is required for such a PhD program).

Program Requirements

This program consists of required courses, elective courses, comprehensive exam, and a thesis for a minimum of 50 units. This program can be completed with a specialization in economics, or economics and business administration. Normally a student must complete at least five courses of regularly scheduled course work within this department; exceptions to this rule must be approved by the student's supervisory committee and the graduate program committee.

Economics Specialization

Students must complete all of

ECON 803 - Microeconomic Theory II (4)

The course subsequent to ECON 802 which covers advanced Microeconomic theory on a dynamic and general equilibrium basis. Prerequisite: ECON 802. Offered once a year.

ECON 804 - Advanced Topics in Microeconomic Theory (4)

The course following ECON 802 and 803 which covers such topics as equilibrium theory, axiomatic analysis, stability analysis, income distribution, dynamic micro models, and models of non-market economics. Prerequisite: ECON 802 and 803 or equivalent.

ECON 808 - Macroeconomic Theory (4)

An analysis of current theories of aggregate economic behavior. Topics covered in this course may include long-run growth, dynamic general equilibrium models, and business cycle analysis. Students with credit ECON 805 may not take this course for further credit.

ECON 809 - Advanced Macroeconomic Theory (4)

This course covers advanced macroeconomic theory topics. Emphasis will be placed on current research techniques. Topics covered may include: capital and growth theory, real business cycle models, models of fiat money, asset pricing models, endogenous growth models, development traps, macroeconomic complementarities, co-ordination failures, and adaptive behavior in macroeconomic models. Prerequisite: ECON 808. Students with credit for ECON 806 may not take this course for further credit.

ECON 831 - Mathematical Economics (4)

Introduction to mathematics required for PhD level coursework and research in economics. Topics may include real analysis, analysis on metric spaces, differential calculus, convexity, and optimization. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 331.

ECON 837 - Econometrics I (4)

Develops a foundation for econometric theory and applied econometrics. Topics may include an introduction to measure and probability theory, integration and mathematical expectations, stochastic limit theory, asymptotic theory, mathematical statistics, multiple linear regression, and an introduction to GMM and maximum likelihood estimation. Prerequisite: ECON 835 or equivalent.

ECON 838 - Econometrics II (4)

Develops the core tools of theoretical and applied econometrics including time series, cross sectional, and panel data methods. Topics may include limited dependent variable models, GMM, instrumental variables, ARMA models, unit roots and cointegration, fixed and random effects, incidental parameters, testing, program evaluation, nonlinear regression, semi- and nonparametric methods. Prerequisite: ECON 837.

and two comprehensive exams in economic theory

ECON 985 - Comprehensive Examination in Microeconomic Theory (0)

Written comprehensive examination in microeconomic theory. Normally taken in the summer term of the first year of the PhD program. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 803, ECON 804.

Section Instructor Day/Time Location
TBD
ECON 986 - Comprehensive Examination in Macroeconomic Theory (0)

Written comprehensive examination in macroeconomic theory. Normally taken in the summer term of the first year of the PhD program. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 808, ECON 809.

Section Instructor Day/Time Location
TBD

and four graduate elective ECON courses

and a field paper

ECON 900 - PhD Field Paper (0)

In the summer term following the completion of a PhD student's theory comprehensive exams, the student will enrol in this course. In consultations between the student, the graduate chair, and faculty, the student will be assigned a supervisor for the course. During the term, the student will write a research paper in their field of interest. A satisfactory completion of the course is through the presentation of the paper as an economics department thesis proposal seminar. Graded as satisfactory or unsatisfactory.

Section Instructor Day/Time Location
May 6 – Aug 2, 2019: Fri, 2:30–3:20 p.m.
Burnaby

and a comprehensive field exam

ECON 987 - Field Comprehensive Examination (0)

Written comprehensive examination in the student's primary field of specialization. Graded on a satisfactory/unsatisfactory basis.

Section Instructor Day/Time Location
TBD
ECON 988 - Second Field Comprehensive Examination (0) *

Written comprehensive examination in the student's secondary field of specialization. Graded on a satisfactory/unsatisfactory basis.

and a thesis

ECON 990 - PhD Thesis (6)

Section Instructor Day/Time Location
TBD
TBD

* this requirement will be waived if two field courses are completed both with a grade A- or better

Economics and Business Administration Specialization

Students must complete

ECON 831 - Mathematical Economics (4)

Introduction to mathematics required for PhD level coursework and research in economics. Topics may include real analysis, analysis on metric spaces, differential calculus, convexity, and optimization. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 331.

and both of

ECON 803 - Microeconomic Theory II (4)

The course subsequent to ECON 802 which covers advanced Microeconomic theory on a dynamic and general equilibrium basis. Prerequisite: ECON 802. Offered once a year.

ECON 804 - Advanced Topics in Microeconomic Theory (4)

The course following ECON 802 and 803 which covers such topics as equilibrium theory, axiomatic analysis, stability analysis, income distribution, dynamic micro models, and models of non-market economics. Prerequisite: ECON 802 and 803 or equivalent.

or both of

ECON 808 - Macroeconomic Theory (4)

An analysis of current theories of aggregate economic behavior. Topics covered in this course may include long-run growth, dynamic general equilibrium models, and business cycle analysis. Students with credit ECON 805 may not take this course for further credit.

ECON 809 - Advanced Macroeconomic Theory (4)

This course covers advanced macroeconomic theory topics. Emphasis will be placed on current research techniques. Topics covered may include: capital and growth theory, real business cycle models, models of fiat money, asset pricing models, endogenous growth models, development traps, macroeconomic complementarities, co-ordination failures, and adaptive behavior in macroeconomic models. Prerequisite: ECON 808. Students with credit for ECON 806 may not take this course for further credit.

and one of

ECON 985 - Comprehensive Examination in Microeconomic Theory (0)

Written comprehensive examination in microeconomic theory. Normally taken in the summer term of the first year of the PhD program. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 803, ECON 804.

Section Instructor Day/Time Location
TBD
ECON 986 - Comprehensive Examination in Macroeconomic Theory (0)

Written comprehensive examination in macroeconomic theory. Normally taken in the summer term of the first year of the PhD program. Graded on a satisfactory/unsatisfactory basis. Prerequisite: ECON 808, ECON 809.

Section Instructor Day/Time Location
TBD

and eight graduate elective courses

and both of

ECON 987 - Field Comprehensive Examination (0)

Written comprehensive examination in the student's primary field of specialization. Graded on a satisfactory/unsatisfactory basis.

Section Instructor Day/Time Location
TBD
ECON 988 - Second Field Comprehensive Examination (0)

Written comprehensive examination in the student's secondary field of specialization. Graded on a satisfactory/unsatisfactory basis.

and a thesis

ECON 990 - PhD Thesis (6)

Section Instructor Day/Time Location
TBD
TBD

Program Length

Students are expected to complete the program requirements in 15 terms.

Academic Requirements within the Graduate General Regulations

All graduate students must satisfy the academic requirements that are specified in the Graduate General Regulations, as well as the specific requirements for the program in which they are enrolled.