Incoming PhD applicants are required to have a thorough knowledge of microeconomic theory, macroeconomic theory, and quantitative methods. All applicants must have a thorough knowledge of calculus and linear algebra, and have completed at least two semesters of advanced mathematics, including a course in real analysis. Math classes, such as differential equations, mathematical probability and statistics, optimization, and stochastic differential equations are also good preparation for the PhD program.
In all of these classes, applicants should have a grade of B or better at the time of matriculation. Applicants who do not have this academic background will not be admitted into the PhD program but will be considered for admission to the MS degree program.