Year OneThe first year of study focuses on economic theory and econometrics.
CoursesThe course requirements for the first year are
- ECO1011H, an intensive preparatory course in mathematics and statistics for PhD students, which meets daily for three weeks beginning in mid-August
- ECO2020H, Microeconomic Theory I
- ECO2030H, Microeconomic Theory II
- ECO2021H, Macroeconomic Theory I
- ECO2031H, Macroeconomic Theory II
- ECO2400H, Econometrics I
- ECO2401H, Econometrics II.
Theory Comprehensive ExamsStudents are required to take comprehensive examinations in microeconomic and macroeconomic theory after the end of the Winter semester. Performance on these exams is evaluated on a distinction/pass/fail basis. If a theory comprehensive examination is failed on the first attempt, it must be re-taken later in the summer (usually in August) of the same year.
Year TwoDuring the second year, students complete field courses and prepare to undertake independent research. Each student must take six one-semester field courses and the year-long Graduate Research Seminar, ECO4060Y.
Field coursesAmong the six field courses must be the required courses for two fields, one "major" and one "minor". The fields offered and the courses required for each field vary slightly from year to year; the courses for the current year are listed on this page.
The remaining courses among the six field courses may be chosen from the department's graduate offerings. With prior written approval from the Associate Chair, Graduate Studies, it may be possible for a student to use a limited number of courses offered by other departments to fulfill the six course requirement.
If a student wishes to specialize in a field that is not formally offered as a major or minor field, s/he should check with the coordinator for the field to determine whether courses in other fields supplemented with reading courses can satisfy the field requirements.
The fields in which we regularly (but not invariably) offer courses are
- Microeconomic Theory
- Macroeconomic Theory
- Economic Development
- Financial Economics
- Industrial Organization
- International Economics
- Labour Economics
- Public Economics
Field Comprehensive ExamStudents who do not meet the criteria set in the major field comprehensive examination exemption policy are required to take a comprehensive examination in their major field after the end of the Winter semester in their second year. If the exam is failed, it must be re-taken later in the summer of the same year.
Graduate Research SeminarThe objective of ECO4060Y (Graduate Reseach Seminar) is to foster the transition from course-work to independent research. Each student is required to write an original research paper under the supervision of a faculty member. By the time the course is completed, students will have learned presentation skills, completed the second year paper requirement, identified a thesis topic, and struck a thesis committee. Note that ECO4060Y is a "continuous" course: once a student enrols in the course s/he remains registered until s/he receives a grade of "CR" indicating successful completion, customarily in year three.
Year ThreeThe final draft of the original research paper required in ECO4060Y must be submitted by September 1st of the third year and presented in ECO4060Y and in one of the department's research seminar series in the Fall semester of the third year. During the Fall semester, students should also settle on a topic for their dissertation research and form a PhD supervisory committee.
By December 31 of the third year, a student should have completed all coursework and comprehensive exams, and have formed a PhD supervisory committee. At this point, the student achieves "candidacy".
All post-comprehensive PhD students are required to submit a progress report annually and to meet with their supervisor on a regular basis. Every student is also expected to regularly attend the specialized seminar in his/her research area.