Graduate Course Catalog 2014-2015
This program is offered in Durham.
Degrees Offered: M.A., Ph.D.
Admission to the Ph.D. in Economics has been suspended effective Fall 2014.
Programs are offered through the Peter T. Paul College of Business and Economics.
Students seek graduate training in economics for several reasons. Some pursue the M.A. as a terminal degree and become professional economists employed in a variety of business and government settings, including banking, investment, insurance, consulting, the Federal Reserve, and international organizations such as the World Bank and the World Health Organization. Other students may wish to become professional economists who advance to the very highest levels of management in business, government, or academia. Students with these career goals continue their graduate studies by earning the Ph.D. degree.
The graduate programs in economics at UNH are some of the most distinctive in the country. The M.A. program is based on a fast-track, ten-month calendar that provides rigorous training in economic theory and applied statistics. It also allows students to pursue applied coursework in international finance, environmental and resource economics, health economics, data analysis and information management, and international business. The doctoral program at UNH is one of only a few with a dual emphasis on training first-rate economists and outstanding college teachers. Students learn economic theory and econometrics at the highest level and can pursue coursework and receive supervised training in the teaching of economics. Beyond its strengths in the fields of international economics, health economics, and environmental economics, the department is known for its emphasis on the history of economic thought and methodology. The Department of Economics maintains an active and high-quality weekly research seminar, which attracts leading economists and researchers from around the country.
In addition to requirements established by the Graduate School, applicants must submit current scores (within five years) from the general test of the Graduate Record Exam (GRE). The graduate programs seek students whose undergraduate experiences provide evidence of superior ability and that indicate the promise of independent scholarship. At a minimum, undergraduate preparation should include courses in economics at the intermediate level, as well as courses in calculus and statistics. Coursework in econometrics is strongly encouraged. Because the first year of the M.A. and Ph.D. programs overlap to a large extent, students who wish to pursue a Ph.D. degree are usually considered initially for admissions into the M.A. program. The doctoral program requires a master's degree in economics from a U.S. institution.
Master of Arts in Economics
The M.A. program in economics builds on the core economic theory and econometrics classes from the Ph.D. program. This coursework is considerably more rigorous than what might be found at a standalone M.A. program. Consequently, master's students are exceptionally well trained.
The fast-track, ten-month program is based on four terms: one five-week term (Term 1) and three ten-week terms (Terms 2-4), running from the end of August through the end of May. It consists of three components: the foundation (Term 1: mathematical economics), the core (Term 2: theory and foundational skills), and concentrations (Term 3 and 4: specialized fields and independent research). As part of the requirements, students participate in weekly research seminars where they are exposed to cutting-edge research presented by UNH faculty and by scholars from around the country. The culminating experience for the program is a master's paper written during Term 4, which affords students the opportunity to work closely with faculty members while conducting original research in their chosen concentration.
Students must earn 36 credits to graduate, usually consisting of ten, 3-credit courses, plus 6 hours of graduate economics seminar.
I. The Foundation (3 credits)
ECON 825, Mathematical Economics
The course is typically offered in the five-week Term 1. Class meets four days a week and students earn 3 credits, the same as in the other terms.
II. The Core (9 credits)
ECON 976, Microeconomics I
ECON 972, Macroeconomics I
ECON 926, Econometrics I
These courses enable students to advance to specialized areas in the third and fourth terms with a strong background in theory and econometrics.
III. Electives (15 credits)
ECON 927, Econometrics II or an approved skills course
Students may take a variety of economic electives or choose to specialize in an area such as international finance, environmental and resource economics, health economics, data analysis and information management, and international business. Up to two electives as substitutes for economics electives may be taken in courses offered outside of the department, subject to approval by the department. All elective courses must be at the 800 level or higher.
IV. Graduate Economics Seminar (6 credits)
Students are required to register and participate in the Graduate Economics Seminar (ECON 988) in Terms 2, 3, and 4. No more than 6 credits can be counted toward the degree.
V. Master's Paper (3 credits)
Students are required to take the Research Skills course (ECON 979) in preparation to write a master's research paper. The master's research paper is the capstone experience of the master of arts in economics. Students do research under the direct supervision of a faculty member and present their work at the end of Term 4.
Ph.D. in Economics
Students demonstrating exceptional promise in economics (usually after completing the master's program) and who are interested in teaching and research find the doctoral program a unique challenge. The doctoral program in economics has four key elements: (1) a broad education in economics; (2) an integrative research experience; (3) a dual emphasis on training first-rate economists and outstanding college teachers; and (4) specialized training in environmental economics, health economics, and international economics.
Nationally, doctoral study in economics has increasingly involved quantitative rigor. UNH's program has responded to this trend, but not at the expense of providing a broad background in economics. Beyond the core theory and econometrics classes, students study methodology and the history of economic thought.
The doctoral program encourages students to develop their research skills early on through an integrative research experience. The cornerstone of this experience is the department's weekly research seminar. Students participate in the seminar by writing critical reviews and referee reports of the papers presented, acting as discussants, and presenting their own research.
A distinctive feature of UNH's doctoral program is its dual emphasis on training economists and college teachers. The Department of Economics, in conjunction with the Teaching Excellence Program in the Graduate School, has developed a nationally known program that provides training in pedagogy for students whose career goals include teaching at the college level. This program, called the Cognate in College Teaching, is an option that Ph.D. students may pursue in addition to the requirements of the Ph.D. degree.
The degree requirements include: nine core courses, comprehensive exams, two fields of concentration (a major field and a minor field), field and research workshops, a major field exam, doctoral dissertation proposal defense and final defense, and proficiency in one foreign language if deemed necessary by the student's dissertation chair. Candidacy is reached following successful completion of (1) comprehensive examinations in microeconomics and macroeconomics; (2) exam in major field (health economics, environmental economics or international economics).
I. Core courses
ECON 976, 977, Microeconomics I and II
ECON 972, 973, Macroeconomics I and II
ECON 970, Advanced Economic Theory
ECON 926, 927, Econometrics I and II
ECON 957, History of Economic Thought
ECON 958, Topics in Economic Thought and Methodology
II. Comprehensive Examinations in Microeconomics and Macroeconomics:
Written evidence of proficiency in economic theory is demonstrated by passing comprehensive examinations in microeconomics and macroeconomics. These examinations will be given twice a year, after term III and at the end of June. Students should sit for both of their theory examinations after the third term of their second year of study. The Coordinator of the Graduate Studies conveys information regarding performance in writing. Departmental policy restricts the number of attempts at the comprehensive examinations to two per examination. If a student fails a theory comprehensive exam for the second time, then the student may, in the case of extenuating circumstances, petition for a third attempt. Such petition must be submitted within 4 weeks of the date that the department notifies the student of his or her grade. A student who does not show up on the test date will have the examination counted as one of his or her attempts.
III. Fields of Concentration
Students must complete the requirements for one major field and one minor field. A student designates his or her major field during Field Workshop (Econ 992) and must have departmental approval to change the major field thereafter.
Requirements for a Major Field
1. ECON 908, Environmental Economics: Theory and Policy
2. ECON 909, Environmental Valuation
3. RECO 911, Natural & Environmental Resource Management or other approved course
4. ECON 992, Field Workshop
Requirements for a Minor Field
1. Two of the following: ECON 908, ECON 909, or RECO 911
Requirements for a Major Field
1. ECON 941, Survey of Health Economics
2. ECON 942, Selected Topics in Health Economics
3. One of the following: PHP 901, Epidemiology; PHP 907, Public Health Policy; PHP 922, Public Health Economics; or other approved course
4. ECON 992, Field Workshop
Requirements for a Minor Field
1. ECON 941 and ECON 942
Requirements for Major Field
1. ECON 945, International Trade
2. ECON 946, International Finance
3. One of the following: ADMN 846, International Financial Management; ECON 846, Multinational Enterprises; ECON 807, Economics of Sustainable Development; ECON 868, Seminar in Economic Development; ADMN 841, International Management; or other approved course
4. ECON 992, Field Workshop
Requirements for a Minor Field
1. ECON 945 and ECON 946
IV. Examination in Major Field:
Comprehensive field examinations will be given twice a year, in January and June. Students are to take their major field examination immediately following the completion of the Field Workshop (Econ 992). To sit for their field examination, students must have passed both of their theory comprehensive examinations. Students are permitted two attempts to pass their field examination. Petitions for a third attempt must be submitted within 4 weeks of the date that the department notifies the student of his or her grade. Such petitions are granted only in the case of extenuating circumstances. A student who does not show up on the test date will have the examination counted as one of his or her attempts.
V. Elective Course
Beyond the core theory courses and field requirements, students must take one additional graduate course from the department or an approved 800-level class from another department.
VI. Graduate Economics Seminar
The doctoral program entails an integrative research experience that encourages students to develop research skills early on. The cornerstone of this experience is the department's weekly research seminar, which brings scholars from around the country to present cutting-edge research. In their first two years of study, students are required to sign up for the Graduate Economics Seminar (ECON 988) in Terms 2, 3, and 4, and write critical reviews of papers presented.
VII. Research Workshop
Beyond their second year of study, students continue to participate in the department's weekly seminar by enrolling in two terms of Research Workshop (ECON 996). Research Workshop students present their own research in the research seminar series. They may also serve as discussants for outside speakers and write referee reports for the papers presented. Students must secure a dissertation adviser prior to signing up for their first term of Research Workshop. The research-workshop requirement should be completed by the end of the fourth year of study.
VIII. Foreign Language Requirement
Students may need to demonstrate reading knowledge of one foreign language if it is determined to be essential to the student's area of research by his or her dissertation chair.
IX. Dissertation Proposal Defense
Prior to defending his/her proposal, a student must find a dissertation chair and form a dissertation committee. The dissertation proposal may be defended as part of the Research Workshop or separately from the Workshop.
X. Final Dissertation Defense
Cognate in College Teaching
The Ph.D. degree in economics from UNH is a research degree that provides students with a deep understanding of economic theory, institutions, and empirical analysis. Most graduates of the program move into faculty positions at other institutions of higher learning where teaching is an important component of their responsibilities.
In conjunction with the Teaching Excellence Program in the Graduate School, the department has developed a track in its doctoral program that provides formal training in pedagogy for students whose career goals include teaching at the college level. This track, called the Cognate in College Teaching, is an option that Ph.D. students may select in addition to the requirements of the doctoral degree (discussed above). The Cognate is a 13-credit program and is awarded, upon satisfaction of all requirements, concurrently with the Ph.D. The Cognate can only be awarded in conjunction with the Ph.D. and none of the course requirements of the Cognate can be substituted for those of the Ph.D.
To enter the program, a student must formally apply to the Graduate Dean after at least one year of full-time graduate studies in economics. Admission to the Cognate will be decided by the graduate dean, based upon recommendations of the Economics Graduate Program Coordinator and the Teaching Excellence Program Director.
Requirements of the Cognate
Cognate in College Teaching Requirements
The Cognate in College Teaching offers a series of core and elective courses to prepare individuals to teach at institutions of higher education. The Cognate is available to doctoral students and students in selected master’s degree programs at UNH.
Students must apply and be formally admitted to the program. The Cognate appears as a minor on the student’s transcript, and is awarded concurrently with the Ph.D. or Master’s degree.
This program requires the satisfactory completion of 13 academic credits. Students elect, with the permission of their graduate coordinator, to add the cognate to their graduate degree. The cognate will be awarded at the time of the award of the qualifying graduate degree. Requirements include 12 credits toward developing core competencies and the submission of anelectronic teaching portfolio for 1 credit. For more information please visit the Teaching Excellence web site: http://www.unh.edu/teaching-excellence/Academic_prog_in_coll_teach/index.html