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Program Summary
Purdue University's Department of Economics, located in the Krannert School of Management, offers a doctoral program that prepares economists for careers in research, teaching, or decision making in business and government. The graduate program in economics has a strong quantitative and analytical orientation. It is designed to provide a working knowledge of basic research skills and to broaden the students' understanding of economic institutions.
The Economics program offers a wide variety of potential specialty areas, including Macro/Monetary Economics, Industrial Organization, Experimental, Labor Economics, and International Economics. In addition, there is a new specialty area in Applied International Economics that involves working with the Global Trade Analysis Project (GTAP). To obtain additional information about the opportunities offered by the economics Ph.D. program, please visit the
Economics Department web site.
Program of Study
Ph.D. students must complete a minimum of 52 credit hours in core courses, field sequences,
and electives within the plan of study. You must complete
18 credit hours of core courses in economic theory (including a preliminary theory examination covering materials in four of these courses) and
10 credit hours of core courses in quantitative economics (including, if necessary, a preliminary quantitative examination). You are required to attend workshop seminars beginning in your second year. You must develop proficiency in
three fields of specialization, and pass preliminary examinations covering the core courses and the major field of specialization. You also must write and successfully defend a dissertation of suitable scholarly content and scope that demonstrates ability to carry out a substantial independent research project.
Each field in economics requires passing a minimum of six
credit hours of Ph.D. courses. For a field of specialization outside of economics, six hours of Ph.D. courses also are required. A written examination in one of the economics specialization fields that you designate as your major area of interest must be passed. Prior to taking this examination, and in any event before the end of the fifth semester, you will select the chair of the dissertation committee, who will oversee progress toward the successful completion of the dissertation.
Students typically take four years, including summer school sessions, to complete their Ph.D. studies in economics.
One of the field sequences is a methodological course sequence drawn from one of the following areas: Econometrics, Experimental Economics or Advanced Theory. A methodological sequence from outside of the department in an
area such as Mathematics or Statistics may be substituted for the methodological sequence with the permission of the Economics Policy Committee. The primary field sequence must be in a field offered in the Economics Department that is not a methodological field. Such fields include, but are not limited to, Macro/Monetary Economics,
Labor Economics, Industrial Organization, and
International Economics. The secondary field sequence may come from within the Economics Department or from other departments. Field sequences taken outside of the Economics Department must have the prior approval of the Economics Policy Committee. A student's area examination must be taken in a field offered by the Economics Department.
Students also must write and successfully defend a dissertation of suitable scholarly content and scope that demonstrates ability to carry out a substantial independent research project.

Fields of Specialization within Economics
- Econometrics
- Economic Development
- Economics of Financial Markets
- Experimental Economics
- Industrial Organization
- Information Economics
- International Economics
- Labor Economics
- Macro-Monetary Economics
One of the three fields of specialization can be from a related area offered by the management faculty such as:
- Accounting
- Finance
- Management Information Systems
- Marketing
- Operations Management
- Organizational Behavior and Human Resource Management
- Quantitative Methods
- Strategic Management
Course-sequences are offered in each field of specialization. Students may also choose the secondary field of specialization from a related area outside of economics. The fields of specialization available from other
areas include accounting, e-commerce, finance, management science, marketing, mathematics, operations management, statistics, strategic management, and organizational behavior and human resource management.
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Faculty & Research Interests
Yong Bao finite sample econometrics, empirical finance, time series analysis
John M. Barron economics of information, macroeconomics, labor economics, contract theory
Mostafa Beshkar economic analysis of law, institutions of international trade
(visitor)
Kelly Blanchard economics of information in labor markets and higher education
Gabriel Camera macroeconomics,
monetary, experimental
Timothy N. Cason experimental markets, environmental regulation, antitrust
YiLi Chien macroeconomics, public finance and dynamic contracting
Robert Holland macroeconomics, monetary theory
David Hummels empirical international trade, focusing on the role of product differentiation in trade, and trade frictions
Mohitosh Kejriwal econometrics, international economics, applied macroeconomics
Gerald J. Lynch monetary theory and policy, international trade and finance
Stephen Martin competition policy, innovation, market integration, state aid to business, entrepreneurship (on sabbatical)
Sandra
Maximiano organizational and
personnel economics, experimental economics
Kevin Mumford public finance, labor economics, applied microeconomics, computational economics
Kanda Naknoi international economics and macroeconomics of international trade
William Novshek properties of oligopoly equilibrium and foundations of competition
John G. Pomery international economics, international trade theory, international business ethics, applied ethics, ethics teaching
Drew Saunders monetary economics, financial economics, and game theory
Ralph Siebert mergers, joint ventures, multi-product competition and product differentation, innovation, patenting and licensing, dynamics in markets and firms
Justin Tobias Journal of Applied Econometrics, Associate Editor of Economics of Education Review
John R. Umbeck microeconomics, law and economics, economics of information, privatecontracts, economics of crime and contract enforcement
Michael W. Watts economic education, microeconomics, labor economics, comparative economic systems, history of thought
Chong Xiang international trade, industrial organization, microeconomics, international finance, applied econometrics
Recent Graduates
Curtis Price, 2008,
Essays on Gender in Labor Markets
University of Southern Indiana
Jingjing Zhang, 2008,
Essays on the Effect of Communication on Group Decision Making
McMaster University
Daniel Nguyen, 2008,
Demand Uncertainty in International Trade
University of Copenhagen
Sirsha Chatterjee, 2008,
Does Child Labor Create Comparative Advantage?
Ernst & Young
Georg Schaur, 2007,
Essays on Macroeconomics and Economic Theory
University of Tennessee
Francesco Ruscitti, 2007,
Essays on Firm Responses to Price Volatility and International Specialization
Yeshiva University
Adina Ardelean, 2007,
Essays on Product Variety Gains from International Trade
Santa Clara University
For information concerning recent graduates, please refer to
Alumni on the Economics Department Web Site
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