Doctor of Philosophy (PhD) Degree in the field of Economics and a Major Concentration in Economics and Finance

Program Learning Outcomes for the Major Concentration: Economics and Finance 

Upon completing the PhD degree in the field of Economics with a major concentration in Economics and Finance, students will:  

  1. Learn mathematical, statistical, econometric, and computational tools to carry out independent research in economics and finance.  
  2. Write an independent and original dissertation that is of sufficient quality to merit publication in a top economics or finance journal.  
  3. Conduct a focused review of the literature and develop a research design to carry out independent research.  
  4. Learn to defend their research design and modeling choices by presenting their paper in a seminar environment.  
  5. Communicate their research effectively by writing clearly, concisely, and cogently.  
  6. Read critically and assess research manuscripts related to their field of study and in other fields.   

Requirements for the MA and PhD Degrees in the field of Economics

For general university requirements, please see Doctoral Degrees. Candidates for the PhD usually spend from 2 to 2-1/2 years in full-time coursework and at least 1 year writing the dissertation; 5 years is a reasonable goal for completing the program. For the PhD, students must:

  1. Attend the statistics and mathematics camp before starting their first year courses.
  2. Complete an approved program of at least 18 courses (including approved courses in other departments), no more than 4 of which are research workshops. At least 2 years of full-time study must be in residence at Rice.
  3. Perform satisfactorily on the written general exams in economic theory and econometrics.
  4. Write a research paper proposal before the start of their third year.
  5. Write and present a research paper before the end of their third year.
  6. Choose a dissertation advisor by the end of their seventh semester.
  7. Attend a research workshop every semester after their first year and present their own research in a workshop once every year after their second year.
  8. Submit a written progress report in every semester they register for ECON 800.  
  9. Submit a dissertation progress report every year starting with their fourth year.

Summary 

Total Credit Hours Required for the PhD Degree in the field of Economics 90

MA Degree Program

The MA degree is a non-thesis master's degree.  For general university requirements for non-thesis masters degrees, please see Graduate Degrees. Although students are not normally admitted to study for an MA, graduate students may earn the MA along the way to the PhD. In order to obtain a MA Degree in the field of Economics:

  • Students must pass the first year core courses with a grade point average of 2.67 or better
  • Students must complete 6 field courses with passing grades

Summary 

Total Credit Hours Required for the MA Degree in the field of Economics30

Requirements for the Major Concentration: Economics and Finance  

Students pursuing the PhD degree program in the field of Economics with the major concentration in Economics and Finance must: 

  1. Achieve a minimum grade of B (3.0 grade points) in each of the 10 required courses (32 credit hours), including Microeconomics, Macroeconomics, Econometrics, Real Analysis, Computational Economics, and Financial Economics.  
  2. Successfully pass comprehensive exams in Economic Theory and Econometrics administered by the Economics faculty at the end of the first year.  
  3. Successfully complete Corporate Finance and Empirical Methods in Finance.  
  4. Successfully complete 6 credit hours of elective requirements from the following courses: BUSI 524,BUSI 525, BUSI 526, BUSI 527, and ECON 575.  
  5. Successfully pass a comprehensive exam on Corporate Finance and Empirical Methods administered by the Finance faculty at the end of the Fall semester of the second year.
  6. Write and present a paper in the third year of the program. The paper and its presentation must be approved by two faculty advisors, one of whom must be in the Economics department and one of whom must be a member of the Finance group in the Business school.  
  7. Write and defend a dissertation. The dissertation committee must include at least one member from the Economics department and at least one member from the Finance group in the Business School. 

Summary

Total Credit Hours Required for the Major Concentration: Economics and Finance38

Degree Requirements

Required Courses 1
ECON 501MICROECONOMICS I3
ECON 502MACROECONOMICS3
ECON 504 / STAT 604COMPUTATIONAL ECONOMICS3
ECON 505 / BUSI 521FINANCIAL ECONOMICS I3
ECON 508MICROECONOMICS II5
ECON 510 / STAT 610ECONOMETRICS I3
ECON 511 / STAT 611ECONOMETRICS II3
MATH 321INTRODUCTION TO ANALYSIS I3
BUSI 522CORPORATE FINANCE3
BUSI 523EMPIRICAL METHODS IN FINANCE3
Elective Requirements
Select a minimum of 6 credit hours from the following:6
FINANCE: SPECIAL TOPICS I
FINANCE: SPECIAL TOPICS II
FINANCE: SPECIAL TOPICS III
FINANCE: SPECIAL TOPICS IV
TOPICS IN FINANCIAL ECONOMICS
Total Credit Hours38

Footnotes and Additional Information 

Policies for the PhD Degree in the Field of Economics with a Major Concentration in Economics and Finance

Department of Economics Graduate Program Handbook

The General Announcements (GA) is the official Rice curriculum. As an additional resource for students, the department of Economics publishes a graduate program handbook, which can be found here: 
http://gradhandbooks.rice.edu/2017_18/Economics_Graduate_Handbook.pdf

Preparation for PhD Program. Applicants to the PhD program should have a strong background in mathematics and statistics. All applicants are required to take the Graduate Record Exam (GRE).

For additional information, please see the Economics website: https://economics.rice.edu/

Opportunities for the PhD Degree in the Field of Economics with a Major Concentration in Economics and Finance

For additional information, please see the Economics website: https://economics.rice.edu/