Economics

University of California, Berkeley

This is an archived copy of the 2015-16 guide. To access the most recent version of the guide, please visit http://guide.berkeley.edu.

About the Program

The PhD program at Berkeley is designed for students interested in pursuing advanced study and conducting original research in economics. The PhD degree is awarded in recognition of the recipient's qualifications as a general economist and of the ability to make scholarly contributions in fields of specialization. New admissions to the graduate program are restricted to students pursuing the PhD degree. There is no external, terminal program for the MA degree.

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Admissions

Admission to the University

Minimum Requirements for Admission

The following minimum requirements apply to all graduate programs and will be verified by the Graduate Division:

  1. A bachelor’s degree or recognized equivalent from an accredited institution;
  2. A grade point average of B or better (3.0);
  3. If the applicant comes from a country or political entity (e.g., Quebec) where English is not the official language, adequate proficiency in English to do graduate work, as evidenced by a TOEFL score of at least 90 on the iBT test, 570 on the paper-and-pencil test, 230 on the computer-based test, or an IELTS Band score of at least 7 (note that individual programs may set higher levels for any of these); and
  4. Sufficient undergraduate training to do graduate work in the given field.

Applicants Who Already Hold a Graduate Degree

The Graduate Council views academic degrees not as vocational training certificates but as evidence of broad training in research methods, independent study, and articulation of learning. Therefore, applicants who already have academic graduate degrees should be able to pursue new subject matter at an advanced level without need to enroll in a related or similar graduate program.

Programs may consider students for an additional academic master’s or professional master’s degree only if the additional degree is in a distinctly different field.

Applicants admitted to a doctoral program that requires a master’s degree to be earned at Berkeley as a prerequisite (even though the applicant already has a master’s degree from another institution in the same or a closely allied field of study) will be permitted to undertake the second master’s degree, despite the overlap in field.

The Graduate Division will admit students for a second doctoral degree only if they meet the following guidelines:

  1. Applicants with doctoral degrees may be admitted for an additional doctoral degree only if that degree program is in a general area of knowledge distinctly different from the field in which they earned their original degree. For example, a physics PhD could be admitted to a doctoral degree program in music or history; however, a student with a doctoral degree in mathematics would not be permitted to add a PhD in statistics.
  2. Applicants who hold the PhD degree may be admitted to a professional doctorate or professional master’s degree program if there is no duplication of training involved.

Applicants may apply only to one single degree program or one concurrent degree program per admission cycle.

Any applicant who was previously registered at Berkeley as a graduate student, no matter how briefly, must apply for readmission, not admission, even if the new application is to a different program.

Required Documents for Applications

  1. Transcripts:  Applicants may upload unofficial transcripts with your application for the departmental initial review. If the applicant is admitted, then official transcripts of all college-level work will be required. Admitted applicants must request a current transcript from every post-secondary school attended, including community colleges, summer sessions, and extension programs. Official transcripts must be in sealed envelopes as issued by the school(s) attended. 
    If you have attended Berkeley, upload your unofficial transcript with your application for the departmental initial review. If you are admitted, an official transcript with evidence of degree conferral will not be required.
  2. Letters of recommendation: Applicants may request online letters of recommendation through the online application system. Hard copies of recommendation letters must be sent directly to the program, not the Graduate Division.
  3. Evidence of English language proficiency: All applicants from countries or political entities in which the official language is not English are required to submit official evidence of English language proficiency. This applies to applicants from Bangladesh, Burma, Nepal, India, Pakistan, Latin America, the Middle East, the People’s Republic of China, Taiwan, Japan, Korea, Southeast Asia, most European countries, and Quebec (Canada). However, applicants who, at the time of application, have already completed at least one year of full-time academic course work with grades of B or better at a US university may submit an official transcript from the US university to fulfill this requirement. The following courses will not fulfill this requirement: 1) courses in English as a Second Language, 2) courses conducted in a language other than English, 3) courses that will be completed after the application is submitted, and 4) courses of a non-academic nature. If applicants have previously been denied admission to Berkeley on the basis of their English language proficiency, they must submit new test scores that meet the current minimum from one of the standardized tests.

Where to Apply

Visit the Berkeley Graduate Division application page . 

Admission to the Program

A degree equivalent to a US bachelor’s is required for admission to the program. An undergraduate degree in economics is not required for admission to the PhD program, provided that applicants have achieved an adequate background in economics and mathematics at the undergraduate level.

  • Economics: All applicants are expected to have completed intermediate math-based economic theory courses. Further education in economics and economic theory is helpful, but not required.
  • Math: Applicants must have knowledge of multivariate calculus, basic matrix algebra, and differential equations; completion of a two-year math sequence, which emphasizes proofs and derivations. Some knowledge of statistics and elementary probability is highly desirable, as is additional coursework in algebra and real analysis.

Doctoral Degree Requirements

Normative Time Requirements

In advancing to the PhD degree, students pass through two major stages:

Preparation for candidacy typically takes three years. During the first two semesters, students take courses to achieve competence in econometric methods, methods of economic history and fundamentals of microeconomic and macroeconomic theory. During the next two years, students prepare for examination in two fields of specialization of their choosing, prepare a dissertation prospectus, and take an oral examination. When these steps are completed, students are advanced to candidacy.

Completion of a dissertation after advancing to candidacy typically takes one to two years. The dissertation must be based on original research and represent a significant contribution to the body of economic knowledge.

The entire process takes approximately five to six years, although some students are able to complete the program in less time.

Time to Advancement

Curriculum

During the first two semesters of graduate study, students must take a set of eight core courses to satisfy requirements in mathematics, economic history, economic theory, and econometrics. Syllabi for current and recent economics courses, including the core courses described below, can be found on the Economics Course Home Page Registry .

Exemptions from Course Requirements

Students with strong backgrounds in math and economics who have completed the equivalent of the coursework outlined above may be exempted from some or all of the first year course requirements. To qualify for an exemption, admitted students must provide documentation of coursework completed and grade received. Students excused from any or all of the required theory courses may be required to take advanced theory courses to supplement previous training. All exemptions from first year course work must be approved by both the course instructor and the graduate committee chair.

Courses Required
ECON 201A
  & ECON 201B		Economic Theory
   and Economic Theory		8
ECON 202A
  & ECON 202B		Macroeconomic Theory
   and Macroeconomic Theory		8
ECON 204Mathematical Tools for Economics3
ECON 210AIntroduction to Economic History3
ECON 240A
  & ECON 240B		Econometrics
   and Econometrics		9
ECON Electives (2 semesters) per specialized study list:24
preparation for 2 field exams (usually, one theoretical, one applied)
ECON Elective Dept Seminars (12 units/one semester)12
Preliminary Exams—Field Examination

All graduate students must take written qualifying examinations in two fields of specialization. Students prepare for these examinations in the second year by completing graduate courses offered in their chosen fields. It is department policy that students be prepared in at least one applied field to avoid narrow specialization at this stage of their careers.

Fields Available in the Economics Department
  • Advanced Economic Theory
  • Comparative Economics
  • Development Economics
  • Econometrics
  • Economic Demography
  • Economic History
  • Economics of Institutions
  • Finance
  • Financial Economics
  • Industrial Organization
  • International Economics
  • Labor Economics
  • Law and Economics
  • Macroeconomics
  • Mathematical Economics
  • Political Economics
  • Psychology and Economics
  • Public Finance

Alternative fields offered by another department or designed by the student may be substituted for one of the fields above, if approved by the graduate committee. Alternative fields may include Education and Economics, Health Economics, Resource Economics, Urban and Regional Economics, or City and Regional Planning.

Prospectus

Students must complete at least one semester of any department seminars   prior to taking their oral examination. This is typically done in the third year of study.

Dissertation Prospectus and Oral Examination

Students are encouraged to begin discussing possible dissertation topics with appropriate faculty members at an early stage. After completing the written field examinations, students choose a faculty member to serve as adviser on developing a dissertation topic involving significant and original research, and to supervise writing of a prospectus. The prospectus describes the research to be conducted, the techniques to be used, and initial findings. Students who cannot find an adviser on their own will be matched with a preliminary adviser at the beginning of the third year of study.

Qualifying Examination

When the prospectus is approved by the faculty adviser, the qualifying examination is scheduled. The examining committee consists of four faculty members who conduct an oral examination based on the student's areas of specialization and on the dissertation prospectus. A primary function of the oral examination is to aid the student in developing a dissertation and to determine whether the student is sufficiently prepared to complete original research successfully.

Time in Candidacy

Advancement

Upon successful completion of the oral examination and selection of a dissertation committee, the student is advanced to candidacy. Following advancement to candidacy, students pursue research necessary for the completion of their dissertation. Students are encouraged to select dissertation topics that can be completed in one to two years. Except in highly unusual cases, a dissertation does not exceed 300 pages of double-spaced typescript, and dissertations of 100 pages or less are entirely acceptable if they are significant contributions to the body of economic knowledge.

Upon completion of the dissertation and its acceptance by the dissertation committee, the student is awarded the PhD degree.

Graduate Program Outcomes

Professional Placement

Students who have received, or will soon receive, the PhD in Economics are assisted by the department in finding suitable career positions. The department learns of available openings for qualified economists through an exchange of information with universities, colleges, government agencies, and research institutes.

The department staff coordinates and facilitates placement activities, and a faculty member oversees and advises placement. Serious effort is made to help students find positions in which their capacities will be both used and rewarded. The department has been highly successful in placing students, which is a reflection on the quality of its students and their training, and the importance the department places on this activity.

Past placement outcomes can be found on the department's website .

Courses

Economics

ECON 201A Economic Theory 4 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Basic preparation for the Ph.D. program including theory of the firm and the consumer, game theory.

ECON 201B Economic Theory 4 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Basic preparation for the Ph.D. program including agency theory and mechanism design, general equilibrium theory.

ECON 202A Macroeconomic Theory 4 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Basic preparation for the Ph.D. program including aggregation theory, national accounting and index problems, survey of major short-term models, implications of various expectations hypotheses, wage price determination, the role of money and financial assets, theories of consumption and investment, disequilibrium theory, dynamic systems, and international considerations.

ECON 202B Macroeconomic Theory 4 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Basic preparation for the Ph.D. program including aggregation theory, national accounting and index problems, survey of major short-term models, implications of various expectations hypotheses, wage price determination, the role of money and financial assets, theories of consumption and investment, disequilibrium theory, dynamic systems, and international considerations.

ECON 204 Mathematical Tools for Economics 3 Units

Terms offered: Fall 2017, Summer 2017 3 Week Session, Fall 2016
The course provides a rigorous abstract treatment of the elements of real analysis and linear algebra central to current research in economics. The course develops in the students the ability to read mathematical proofs and to compose simple proofs on their own.

ECON 206 Mechanism Design and Agency Theory 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
This course will study the optimal design of mechanisms in the presence of incomplete information and imperfect observability. The course will begin with the "classic" principal-agent problem and will then develop its applications to the "implicit contracts" theory of agency and to the choice of government policies for regulated industries. The second half of the course will treat the design of auctions, regulation with costly or imperfect monitoring, mechanism design with limited contracts.

ECON 207A Mathematical Economics 3 Units

Terms offered: Fall 2011, Fall 2010, Spring 2009
Mathematical analysis of economic theory. The problems treated involve as wide a range of mathematical techniques and of economic topics as possible, including theories of preference, utility, demand, personal probability, games and general equilibrium. Also listed as IDS 213A-213B and Math 213A-213B.

ECON 207B Mathematical Economics 3 Units

Terms offered: Spring 2015, Spring 2012, Spring 2011
Mathematical analysis of economic theory. The problems treated involve as wide a range of mathematical techniques and of economic topics as possible, including theories of preference, utility, demand, personal probability, games and general equilibrium. Also listed as IDS 213A-213B and Math 213A-213B.

ECON 208 Microeconomic Theory Seminar 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 209A Theory and Application of Non-Cooperative Games 3 Units

Terms offered: Fall 2014, Fall 2013, Fall 2012
This course will study both pure game theory and its application to such problems as oligopoly pricing, non-cooperative bargaining, predatory pricing, and optimal auctions. The focus will be on game theory as a modelling process as opposed to a body of known results.

ECON 209B Theory and Application of Non-Cooperative Games: II 3 Units

Terms offered: Spring 2016, Spring 2015, Spring 2014
The course will cover basic topics not covered in 209A; will provide a more thorough treatment of topics covered in 209A; will cover a selection of advanced topics.

ECON 210A Introduction to Economic History 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Survey of some central themes in world economic history. Required of all Ph.D. candidates in economics.

ECON 210B Topics in European Economic History 3 Units

Terms offered: Spring 2017, Spring 2016, Fall 2013
A survey of some central themes in European economic history.

ECON 210C Topics in American Economic History 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
A survey of some central themes in American economic history.

ECON 211 Seminar in Economic History 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 215A Political Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth.

ECON 215B Political Economics 3 Units

Terms offered: Spring 2016, Spring 2015, Fall 2013
Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth.

ECON C215A Political Economics 3 Units

Terms offered: Fall 2010, Fall 2009
Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth.

ECON C215B Political Economics 3 Units

Terms offered: Prior to 2007
Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth.

ECON 217 Risk Seminar 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
This interdisciplinary seminar features seminar participants and guest speakers from academic institutions and financial services firms, presenting work on the analysis and management of risk in financial markets. Economics, statistics, finance, operations research, and other disciplines will be represented.

ECON 218 Seminar in Psychology and Economics 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
A graduate seminar in the field of behavioral economics.

ECON 219A Foundations of Psychology and Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Spring 2016
This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be used by economists. Economic applications will be used for illustrative purposes, but the course will emphasize formal theory.

ECON 219B Applications of Psychology and Economics 3 Units

Terms offered: Spring 2017, Spring 2015, Spring 2014
This course will build off of the material presented in 219A. It will expand on the psychological and experimental economic research presented there, but will emphasize a range of economic applications and especially empirical research.

ECON 220A Industrial Organization 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Market structure, conduct and performance in the unregulated sector of the American economy. Public policies related to the promotion or restriction of competition.

ECON 220B Industrial Organization 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Continuation of 220A. The characteristics of regulated industries and the consequences of regulation for economic performance.

ECON 220C Special Topics in Industrial Organization 3 Units

Terms offered: Spring 2017, Spring 2016, Fall 2013
See course announcement for current topics.

ECON 221 Seminar in Industrial Organization: Regulation and Public Enterprise 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON C222 Economics of Innovation 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016, Spring 2016, Fall 2015, Spring 2015
Study of innovation, technical change, and intellectual property, including the industrial organization and performance of high-technology industries and firms; the use of economic, patent, and other bibliometric data for the analysis of technical change; legal and economic issues of intellectual property rights; science and technology policy; and the contributions of innovation and diffusion to economic growth. Methods of analysis are both theoretical and empirical, econometric and case study.

ECON 224 Economics of Institutions 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
This course develops the proposition that institutions have pervasive ramifications for understanding economic organization. A comparative institutional approach is employed whereby the transaction is made the basic unit of analysis and alternative modes of organization are assessed with respect to their comparative contracting properties.

ECON C225 Workshop in Institutional Analysis 2 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016, Spring 2016, Fall 2015, Spring 2015
This seminar features current research of faculty, from UC Berkeley and elsewhere, and of advanced doctoral students who are investigating the efficacy of economic and non-economic forms of organization. An interdisciplinary perspective--combining aspects of law, economics, and organization--is maintained. Markets, hierarchies, hybrids, bureaus, and the supporting institutions of law and politics all come under scrutiny. The aspiration is to progressively build toward a new science of organization.

ECON 230A Public Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
The economic and policy analysis of government expenditures, taxes, and intergovernmental fiscal relations. 230A is not a prerequisite for 230B.

ECON 230B Public Economics 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Government intervention changes opportunities and incentives for firms, families, individuals, service providers, and state and local government. This course considers the incentive effects of government expenditure programs. The primary emphasis will be in the examination of the effect of social expenditure programs on individuals and families. Most of the papers will be empirical. The course will not contain an explicit section on methodology and econometric techniques; instead, relevant econometric techniques (e.g., discrete choice, duration analysis) will be discussed in the context of the empirical literature.

ECON 230C Public Sector Microeconomics 3 Units

Terms offered: Spring 2010, Spring 2009, Spring 1999
The economic and policy analysis of government expenditures, taxes, and intergovernmental fiscal relations.

ECON 231 Seminar in Public Sector Economics 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 234A Macroeconomic Finance 3 Units

Terms offered: Spring 2012, Spring 2011, Fall 2009
Introduction to macroeconomic finance. Course covers static portfolio choice, capital asset pricing model (CAPM), consumption based models, dynamic equilibrium asset pricing theories, and current issues in behavioral finance. Strong emphasis on household finance and risk-sharing. Course is both theoretical and empirical.

ECON 234C Financial Decision-Making in Firms 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
This course provides a theoretical and empirical treatment of the core topics in corporate finance including internal corporate investment; external corporate investment (mergers and acquisitions); capital structure and financial contracting; bankruptcy; corporate governance.

ECON 235 Financial Economics Seminar 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
This course presents speakers who work on the boundary of economics and finance, on topics including asset pricing, behavioral finance, and corporate finance.

ECON 236A Aggregate Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Macroeconomic models; theory and practice of aggregate economics; rational expectations models; finance theory integrated with macro.

ECON 236B Aggregate Economics 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Macroeconomic models; theory and practice of aggregate economics; rational expectations models; finance theory integrated with macro.

ECON 237 Seminar in Advanced Macroeconomics and Money 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 240A Econometrics 5 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Basic preparation for the Ph.D. program including probability and statistical theory and the classical linear regression model.

ECON 240B Econometrics 4 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Basic preparation for the Ph.D. program including generalized least squares; instrumental variables estimation; generalized method of moments; time series analysis; and nonlinear models.

ECON 241A Econometrics 4 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Intended for students specializing in econometrics and others with strong mathematical backgrounds. Linear and nonlinear statistical models and their applications in economics. Special problems in analyzing data from non-controlled experiments.

ECON 241B Econometrics 4 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Simultaneous equations and time-series models.

ECON 242 Seminar in Econometrics 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 244 Applied Econometrics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Methods of applied econometrics, with emphasis on alternative modelling strategies and problems met in practice. Intended for doctoral students conducting empirical research.

ECON 250A Labor Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Analysis of labor market behavior.

ECON 250B Labor Economics 3 Units

Terms offered: Spring 2016, Spring 2015, Spring 2014
Analysis of labor market behavior.

ECON 250C Labor Economics 3 Units

Terms offered: Fall 2014, Spring 2013, Spring 2012
Analysis of labor market behavior.

ECON 251 Seminar in Labor Economics 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
Seminar for students at the doctoral dissertation level.

ECON 260A Comparative Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
New issues raised by transition for economics. Political economy of reform: speed, sequencing, reform design, political economy of privatization. Allocative changes: speed of sectoral reallocation, price liberalization, output fall and macroeconomic dynamics, law enforcement, dynamics of institutional change.

ECON 270B Development Economics 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Problems of underdevelopment and poverty, policy issues and development strategies.

ECON 270C Development Economics 3 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Basic macro-policy planning with investment project analysis.

ECON C270A Microeconomics of Development 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Theoretical and empirical analyses of poverty and inequality, household and community behavior, and contract and institutions in the context of developing countries.

ECON 271 Seminar in Development Economics 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 274 Global Poverty and Impact Evaluation 4 Units

Terms offered: Spring 2017, Spring 2016, Spring 2015
Rather than simply describing the causes and symptoms of global poverty, this course will explore the variety of tools available for rigorously measuring the impact of development programs. Through weekly case studies of field research, the course will cover impact evaluation theory and methods. The course will culminate with a final project in which each student will design an impact evaluation of a policy or intervention.

ECON C275A Economic Demography 3 Units

Terms offered: Spring 2015, Spring 2014, Spring 2013
Economic consequences of demographic change in developing and developed countries including capital formation, labor markets, and intergenerational transfers. Economic determinants of fertility, mortality and migration.

ECON 280A International Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
The world economy as a general equilibrium system. The theory of international economics, trade policy.

ECON 280B International Economics 3 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
This course develops basic theoretical models for studying issues in open-economy macroeconomics. The current account and the trade balance, international capital market integration, developing country debt problems, the real exchange rate, fiscal policy in the open economy, and international policy coordination.

ECON 280C International Economics 3 Units

Terms offered: Spring 2017, Spring 2015, Spring 2014
This course is an empirical treatment of open-economy macroeconomics and finance. Topics include trade elasticities, the determination of the trade balance and income under fixed and floating exchange rates, purchasing power parity, devaluation in small open economies, quantifying the degree of international capital mobility, implications for the effectiveness of monetary and fiscal policy, international interdependence and coordination, models of exchange rate determination.

ECON 281 Seminar in International Trade and Finance 3 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016

ECON 291 Departmental Seminar 1 Unit

Terms offered: Fall 2017, Spring 2017, Fall 2016
A general interest seminar featuring speakers and topics of broad interest whose work will be important for all areas of economics.

ECON 295 Survey of Research in Economics 1 Unit

Terms offered: Fall 2017, Spring 2017, Fall 2016
Presentations by departmental faculty of new research directions in different subfields of economics.

ECON 296 Special Topics in Economics 3 Units

Terms offered: Spring 2014, Spring 2013, Spring 2011
Topics of different sections to be announced annually.

ECON 298 Directed Group Study for Graduates 1 - 4 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
Seminars for the group of selected topics, which will vary from year to year.

ECON 299 Supervised Independent Study and Research 1 - 12 Units

Terms offered: Fall 2017, Summer 2017 8 Week Session, Summer 2017 Second 6 Week Session
Open to candidates for the Ph.D. degree who have passed the qualifying examination and who are engaged in research for the thesis, and in special cases, with consent of the instructor in charge, to graduate students who desire to do special work in a particular field.

ECON 301 GSI Practicum 4 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
Course credit for experience gained in academic teaching through employment as a graduate student instructor.

ECON 375 GSI Pedagogy Workshop 4 Units

Terms offered: Fall 2017, Fall 2016, Fall 2015
Course credit for experience gained in academic teaching through employment as a graduate student instructor.

ECON 602 Individual Study for Doctoral Students 1 - 8 Units

Terms offered: Fall 2017, Spring 2017, Fall 2016
Individual study in consultation with the major field advisor, intended to provide an opportunity for qualified graduate students to prepare themselves for the various examinations required of candidates for the Ph.D. A student will be permitted to accumulate a maximum of 16 units of 602.

Faculty and Instructors

Faculty

David Sehun Ahn, Associate Professor. Game theory, decision theory, mathematical economics.
Research Profile

Alan J. Auerbach, Professor. Economics, law, tax policy, public finance.
Research Profile

David Card, Professor. Economics, immigration, unemployment, education, the Canadian, labor market conditions, minimum wage.
Research Profile

Stefano Dellavigna, Professor. Behavioral economics, applied microeconomics, behavioral finance, media economics.
Research Profile

J. Bradford Delong, Professor. Economics, globalization, economic growth, convergence, economics of post WWII Europe.
Research Profile

Aaron S. Edlin, Professor. Economics, industrial organization, regulation, antitrust.
Research Profile

Barry Eichengreen, Professor. Europe, China, economic growth, international economics, international finance, international monetary economics, economic history.
Research Profile

Haluk I. Ergin, Associate Professor.

Ben Faber, Assistant Professor.

Joseph Farrell, Professor. Economics, price theory models of anticompetitive exclusive dealing, switching costs, network effects, formal standardization.
Research Profile

Frederico S. Finan, Associate Professor.

Cecile Gaubert, Assistant Professor.

Lisa Goldberg, Adjunct Professor.

Yuriy Gorodnichenko, Associate Professor. Macroeconomics.
Research Profile

Pierre-Olivier Gourinchas, Professor. Economics, exchange rate, lending booms, consumption, capital flows, global imbalances, external adjustment, international prices, international portfolios, financial crises, eurozone crisis.
Research Profile

Bryan Graham, Associate Professor. Econometrics, Social and Economic Networks, Peer Effects.
Research Profile

Benjamin R. Handel, Assistant Professor. Health economics, industrial organization.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Hilary Hoynes, Professor. Poverty, inequality, economic policy, Social Safety Net, labor economics.
Research Profile

Michael Jansson, Professor. Economics, econometrics.
Research Profile

Shachar Kariv, Professor. Economics, experimental economics, behavioral economics, networks, microeconomic theory, social learning.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Kei Kawai, Assistant Professor.

Patrick Kline, Associate Professor. Place Based Policies, labor markets, inequality, welfare programs, firm wage setting policies.
Research Profile

Ulrike Malmendier, Professor. Corporate finance, behavioral finance, behavioral economics, applied, microeconomics.
Research Profile

Edward Andrew Miguel, Professor. Africa, education, development economics, human capital, health, ethnic divisions, social capital, civil conflict, war, pre-analysis plans, water.
Research Profile

Conrad Miller, Assistant Professor.

Enrico Moretti, Professor. Labor economics, urban economics.
Research Profile

John Morgan, Professor. Game theory, pricing, competitive strategy, innovation, tech economy, e-commerce, charitable giving, corporate social responsibility, entrepreneurship, survey and poll design, auctions.
Research Profile

Maurice Obstfeld, Professor. Economics, monetary and fiscal remedies for deflation, open-market purchases in a liquidity trap, exchange rates, and monetary policy, international finance, open-economy macroeconomics, macroeconomic history.
Research Profile

Martha Olney, Adjunct Professor. Economics, macroeconomics, discrimination, consumer credit, credit access, and advertising.
Research Profile

Demian Gaston Pouzo, Assistant Professor.

James L. Powell, Professor. Economics, endogeneity in semiparametric binary response models, instrumental variables estimation of nonparametric models, endogeneity in nonparametric and semiparametric regression models.
Research Profile

Andres Rodriguez-Clare, Professor. International trade, economic growth, multinational production, technology diffusion.
Research Profile

Gerard Roland, Professor. Institutions and development, culture and economics, political institutions and economic outcomes, European Parliament and European institutions, reforms in China/North Korea/Eastern Europe.
Research Profile

Christina D. Romer, Professor. Economics, the federal reserve, monetary shocks, the great depression.
Research Profile

David H. Romer, Professor. Economics, the federal reserve, the Bellman equation, measuring monetary shocks.
Research Profile

Jesse Rothstein, Associate Professor. Inequality, unemployment, tax policy, local public finance, value added, teacher quality, black-white gap, segregation, economics of education, labor market.
Research Profile

Emmanuel Saez, Professor. Inequality, taxation, redistribution.
Research Profile

Benjamin Schoefer, Assistant Professor.

Chris Shannon, Professor. Economics, mathematical economics, economic theory.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

David Sraer, Assistant Professor.

Philipp Strack, Assistant Professor. Gametheory, auctions, Mechanism Design, pricing, Revenue Management, learning, Models of Competition, microeconomic theory, behavioral economics, option pricing.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

Christopher Walters, Assistant Professor. Labor economics, applied econometrics, economics of education, structural modeling.
Research Profile

Glenn A. Woroch, Adjunct Professor. Economics, privacy, telecommunications policy, antitrust policy, intellectual property protection.
Research Profile

Danny Yagan, Assistant Professor.

Gabriel Zucman, Assistant Professor.

Lecturers

Stephen Bianchi, Lecturer.

Archana Dube, Lecturer.

Evgeniya A. Duzhak, Lecturer.

Ted Egan, Lecturer.

Galina Hale, Lecturer.

Raymond J. Hawkins, Lecturer.

Calanit Kamala, Lecturer.

Joseph W. H. Lough, Lecturer.

Dmitry Taubinsky, Lecturer.

Steven A. Wood, Lecturer.

Emeritus Faculty

George A. Akerlof, Professor Emeritus. Economics, macroeconomics, poverty, family problems, crime, discrimination, monetary policy, German unification.
Research Profile

Robert Anderson, Professor Emeritus. Finance, probability theory, mathematical economics, nonstandard analysis.
Research Profile

Pranab Bardhan, Professor Emeritus. Poverty, inequality, globalization, political economy, institutional economics, development economics, international economics.
Research Profile

George F. Break, Professor Emeritus.

Clair Brown, Professor Emeritus. Innovation, management, economics, labor, employment, labor market institutions, semi-conductor industry.
Research Profile

Roger Craine, Professor Emeritus. Economics, exchange rate regime credibility, the agency cost of capital, stochastic-volatility jump-diffusion models, dollarization, monetary policy shocks, security market responses.
Research Profile

Jan De Vries, Professor Emeritus. Economics, demography, history.
Research Profile

Albert Fishlow, Professor Emeritus.

Richard J. Gilbert, Professor Emeritus. Economics, industrial organization, regulation, market power in electricity networks, market structure, organizational structure, and r&d diversity, antitrust policy evolution.
Research Profile

Bronwyn H. Hall, Professor Emeritus. Applied econometrics, economics of technical change, economics of innovation, patent policy, R&D value, taxation, financing R&D.
Research Profile

Theodore E. Keeler, Professor Emeritus.

John M. Letiche, Professor Emeritus. Economics.
Research Profile

Daniel L. Mcfadden, Professor Emeritus.

Michael Reich, Professor Emeritus. Economics, training, pensions, living wages.
Research Profile

Thomas J. Rothenberg, Professor Emeritus. Economics.
Research Profile

Kenneth E. Train, Professor Emeritus. Economics, regulation, econometrics, energy, choice modeling.
Research Profile

Benjamin N. Ward, Professor Emeritus.

Oliver E. Williamson, Professor Emeritus. Economics, corporations.
Research Profile

Contact Information

Department of Economics

530 Evans Hall

Phone: 510-642-0822

gradofc@econ.berkeley.edu

Visit Department Website

Department Chair

Shachar Kariv

505 Evans Hall

Phone: 510-643-0712

kariv@econ.berkeley.edu

Vice Chair

Michael Jansson

661 Evans Hall

Phone: 510-642-4639

mjansson@econ.berkeley.edu

Graduate Committee Chair

Joseph Farrell

519 Evans Hall

Phone: 510-642-9854

farrell@econ.berkeley.edu

Director of Student Services

Patrick G. Allen

543 Evans Hall

Phone: 510-642-0824

pallen@econ.berkeley.edu

Graduate Student Affairs Officer

Victoria Lee

541 Evans Hall

Phone: 510-642-6172

vickyalee@econ.berkeley.edu

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