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Chair and Professor Ping Wang Associate Chair and Professor John Nachbar Spencer T. Olin Professor in Arts and Sciences Douglass C. North Hernreich Distinguished Professor of Economics Robert A. Pollak William Taussig Professor of Political Economy Norman Schofield Edward Mallinckrodt Distinguished University Professor Murray L. Weidenbaum Professors Costas Azariadis Lee Benham Marcus Berliant Steve Fazzari John Nachbar Robert P. Parks Bruce Petersen Werner Ploberger Steve Williamson Professors Emeriti David Felix Edward Greenberg Charles L. Leven Wilhelm Neuefeind Fredric Q. Raines Associate Professors Sukkoo Kim James Morley John V. C. Nye Paul Rothstein Assistant Professors Gaetano Antinolfi Stephanie Lau Charles Moul Donald R.E. Nichols Adjunct Professors John Drobak Philip Dybvig
Economics
The Department of Economics offers a Ph.D. degree. Applications for admission should be accompanied by Graduate Record Examinations scores. Requests for financial aid are considered for applicants for the Ph.D. only. Graduate students will find it helpful to have had undergraduate work in economic theory, calculus, matrix algebra, and statistics. The Ph.D. program in economics is designed to allow a student with adequate undergraduate training to complete all requirements, including the dissertation, in four years. The Ph.D. in economics requires a student to exhibit competence in economic theory (to be shown in preliminary examinations in both micro and macro), quantitative methods, and economic thought, as well as specialized knowledge of two of the following fields: economic history, economic theory, econometrics, industrial organization, monetary economics, political economy, labor economics, and public economics. If appropriate, another field in economics or in a related discipline may be substituted for one of these specialized areas. A student must serve as a teaching assistant or teach a course under supervision. The Master of Arts degree in economics is awarded upon successful completion of Part 1 of the Ph.D. general examination and 30 units of approved course work. It may also be earned with 30 units of course work, including an A.M. essay, or 24 units of course work plus an A.M. thesis. Course requirements include at least 12 hours of 500-level courses in economics and a statistics course selected in consultation with the student’s adviser. For more detailed information on graduate study in economics, applicants should contact the Economics Department, Campus Box 1208, voice (314) 935-5646, FAX (314) 935-4156, EMAIL: gradsec@artsci.wustl.edu. 423 ..... Western Economic History 3 units. 428 ..... Capital Market Imperfections and Entreprenurial Finance 3 units. 445 ..... Public Finance 3 units. 448W .. Current Macroeconomic Issues 3 units. 452 ..... Industrial Organization 3 units. 4541 ... Institutions of Production and Exchange 3 units.
Econ
401 ..... Price Theory 3 units. 402 ..... Income and Employment Theory 3 units. 409 ..... Advanced Topics in Economic Analysis 3 units. 413 ..... Introduction to Econometrics 3 units. 418 ..... Mathematical Economics 3 units.
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458 ..... The Theory of Property Rights 3 units. 467 ..... Game Theory 3 units. 471Z ... Economic Development 3 units. (Identical with
International Development 471Z)
518A ... Seminar in Applied Econometrics I: Cross Section and Panel Data 3 units. 518B ... Seminar on Applied Econometrics II: Time Series Analysis and Macroeconometrics 3 units. 521 ..... Economic Theory in Historical Perspective I 3 units. 526 ..... Economic History and Development 3 units. 527 ..... Graduate Seminar in Western Economic History 3 units. 528 ..... Graduate Seminar in American Economic History 3 units. 532 ..... Monetary Theory 3 units. 533 ..... Topics in Monetary Institutions and Policy 3 units. 543 ..... Public Expenditures 3 units. 544 ..... Taxation 3 units.
545 ..... Social Choice and Welfare 3 units. 555 ..... Economics of Industrial Organization 3 units. 5551 ... Economics of Industrial Organization II 3 units. 5552 ... Theory of the Firm 3 units. 571, 572 ... Topics in Economic Development I, II 3 units each. 575 ..... Theory of International Trade 3 units. 577 ..... International Finance and Open Economy Macroeconomics 3 units. 583, 584 ... Topics in Labor Economics I, II 3 units each. 586 ..... Seminar in Macro and Monetary Economics 3 units. 597 ..... Readings in Economics Credit to be arranged. 598 ..... Research in Economics Credit to be arranged. 599 ..... Workshop in Economics Credit to be arranged.
475 ..... International Trade 3 units. 480 ..... Labor Economics 3 units. 487 ..... Applied Financial Modeling 3 units. 501, 502 ... Macroeconomics I, II 3 units each. 503, 504 ... Microeconomics I, II 3 units each. 506 ..... Topics in Advanced Economic Theory 3 units. 511 ..... Quantitative Methods in Economics I 3 units. 512 ..... Quantitative Methods in Economics II 3 units. 513 ..... Elements of Econometrics 3 units. 514 ..... Advanced Topics in Econometrics 3 units.