Core theory courses: 15 credits
ECON-E 520, ECON-E521, ECON-E522, ECON-E621, ECON-E 622 (or equivalent) and pass examinations in macroeconomic and microeconomic theory.
The macroeconomic and microeconomic core exams will ordinarily be taken at the end of the first year in residence. The exams are given in May with a retake in July or August. A maximum of two attempts will be permitted on each exam. Passing both exams is a prerequisite for continuation in the Ph.D. program. Unless there are extenuating circumstances and prior DGS approval, failure to sit for a core theory examination as scheduled will result in failure of the examination.