1. Desired Prerequisites to Enter the Ph.D. Program

• 3 semesters of college calculus
• 1 semester of mathematics for economists
• 1 semester of linear algebra
• 2 semesters of probability and statistics
• 1 semester of intermediate microeconomics
• 1 semester of intermediate corporate finance
• 1 semester of investments
• 1 semester of financial markets and institutions

2. Research Tool Requirements (14 credit hours)

EconS/Fin 510 Statistics for Economists
EconS/Fin 511 Econometrics I
EconS/Fin 512 Econometrics II
MgtOp 598 Ph.D. Research & Professional Seminar

One of the following:
MgtOp 516 Time Series Analysis
Math 548 Numerical Analysis
Math 556 Introduction to Statistical Theory

3. Major Field Requirements (18 credit hours)

EconS/Fin 596 (I) Advanced Topics in Financial Economics
EconS/Fin 596 (II) Advanced Topics in Financial Economics
EconS/Fin 596 (III) Advanced Topics in Financial Economics

Three of the following:
Fin 521 Interest Rates and Financial Markets
Fin 525 Advanced financial Management
Fin 527 Investment Analysis
Fin 528 Portfolio Theory and Financial Engineering
Fin 581 International Finance
Fin 542 Advanced Topics in Real Estate

4. Supporting Field Requirements (18 credit hours)

EconS/Fin 500 Economic Theory I (Static Optimization)
EconS/Fin 501 Economic Theory II (Introduction to Dynamics)
EconS/Fin 502 Economic Theory III (General Equilibrium)
EconS/Fin 503 Economic Theory IV (Short-run fluctuations and nominal rigidities)
EconS/Fin 504 Economic Theory V (Advanced Duality and Decision Making under Uncertainty)
One additional course to be defined and approved by the student's Ph.D. Committee

5. Suggested Study Program for the First Year

Fall Semester
EconS/Fin 500 Economic Theory I
EconS/Fin 501 Economic Theory II
EconS/Fin 510 Statistics for Economists (4 credit hours)
MgtOp 598 Ph.D. Research & Professional Seminar (1 credit)

Spring Semester
EconS/Fin 502 Economic Theory III
EconS/Fin 503 Economic Theory IV
EconS/Fin 511 Econometrics I

6. Qualifying Exam

Some students may be required to take a qualifying exam at the end of their first year in the Ph.D. program (depending on coursework grades).

7. Written Field Examination

The examination is given to students after they complete their Ph.D. seminars in Advanced Topics in Financial Economics.

8. Dissertation