The PhD program is small and focused, with students concentrating in one field of specialization. Fewer than ten students enter the program each year. Students may concentrate in either industrial organization, competition policy, and regulatory economics; or labor economics. Each field is covered in two semester courses at the PhD level. Students who elect the industrial organization, competition policy, and regulatory economics field may further elect a second field in transportation economics. Admission from the Bachelor’s level requires taking the MA core courses and two additional elective courses plus the PhD requirements.
The field of Industrial Organization, Competition Policy, and Regulatory Economics analyzes and evaluates the performance of markets and devises appropriate policy responses when markets are not performing well. By developing techniques for examining the structure, conduct, and performance of markets, it bridges economic theory and the real world. In addition, it helps to develop and implement antitrust and regulatory policies to remedy failures of those markets. Students specializing in industrial organization may further elect a second field in transportation economics.
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The field of labor economics analyzes the neoclassical labor market, covering such topics as the supply of labor from the perspective of the individual and the family, human capital. the demand for labor, market equilibrium, and the determination and distribution of wages and earnings. Theoretical and empirical issues surrounding current topics in labor economics are examined, and may include discrimination, efficiency wage theory, labor legislation, life cycle analysis and the use of microdata (panel studies), search behavior, intergenerational earnings mobility, and employment and training policies.
Meet the labor economics faculty >>
Current and prospective students should refer to the most recent catalog for a detailed description of the PhD in applied economics curriculum:
Most graduate classes meet twice per week for one and one-half hours each day or once per week for three hours. Most doctoral classes are scheduled during the day, with some elective classes scheduled in the evenings.
To view the class schedule for the current semester, here is a link to the registrar’s website. https://wl11gp.neu.edu/udcprod8/NEUCLSS.p_disp_dyn_sched
Students may enter the doctoral program either with a Bachelor’s or Master’s degree. Students entering with a Master’s degree will take six courses, or 24 semester hours of credit. Students entering with a Bachelor’s degree will take six master’s-level courses before beginning their doctoral coursework, for a total of 48 semester hours of credit. Core courses at the master’s and doctoral level are focused on developing an advanced theoretical and quantitative foundation (Macroeconomic, Theory, Microeconomic Theory, and Applied Econometrics). The remainder of the coursework is focused on the sophisticated application of analytical tools in the chosen field of concentration. Completion of the core courses must precede completion of field courses.
We expect all PhD students to take three classes per semester as necessary to complete coursework in the minimum number of semesters. Sample sequences for students entering with an MA and with a BA are below. Students funded by other means do not necessarily have to follow the exact sequences below.
|SEM 1||SEM 2||SEM 3||SEM 4||SEM 5|
|ECON 5105||ECON 5120||ECON 7710||ECON 7720||FIELD 2|
|ECON 5110||ECON 5140||ECON 7740||FIELD 1||EXAM PREP|
|SEMESTER 1||SEMESTER 2||SEMESTER 3|
|ECON 7710||ECON 7720||FIELD 2|
|ECON 7740||FIELD 1||EXAM PREP|
Ready to learn more about what it takes to complete a PhD in economics from Northeastern? Keep reading for next steps.Learn More