economics

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Admission and Aid
Frequently Asked Questions
Living in Providence
Courses
Selected Faculty Publications
Current Students
Guide for Teaching Assistants

Job Candidates

Job Placement Results 2014
Job Placement Results 2013
Job Placement Results 2012
Job Placement Results 2011
Job Placement Results 2010
Job Placement Results 2009
Job Placement Results 2008
Job Placement Results 2005-2007


General Information about the Ph.D. Program

The Ph.D. program in Economics at Brown trains students in economic theory and the tools of economic analysis. Through course work, participation in seminars, and supervised research students are taught to conduct theoretical and empirical research at the highest level.

The Ph.D. degree usually requires two years of course work, followed by supervised research and the completion of a doctoral dissertation. The first year involves core courses in microeconomics (Economics 2050, 2060), macroeconomics (Economics 2070, 2080), econometrics (Economics 2030, 2040), and two additional courses, one in mathematics (Economics 2010) and one in applied economics analysis (Economics 2020). Students take written core examinations in microeconomics, macroeconomics, and econometrics at the end of the first year. Starting in the second year, each student chooses two fields of specialization, and takes an oral field exam. Each field comprises two advanced courses within an area. Beyond the fields, the student takes three additional advanced courses, for a total of seven. The rest of pre-dissertation requirements include a research paper turned in at the end of the third year and two successful seminar presentations. The detailed description of all requirements, along with guidelines for the student, can be found in The Handbook of the Graduate Program.

The culmination of the Ph.D. program is the dissertation, which embodies the results of the student's original research. Work on the dissertation usually takes two-three years after completion of course work. Students working on dissertations participate actively in research workshops. After a faculty committee has approved the dissertation, the student takes a final oral examination on the subject of the dissertation.

The work in the Ph.D. program is demanding and the standards of performance are high. The Department's reputation for providing superb training has enabled its graduates to compile an excellent placement record. Some of the institutions at which recent graduates have obtained positions include major research universities (Chicago, Harvard, Johns Hopkins, Minnesota, New York University, Penn State, University College London, University of British Columbia, University of Pittsburgh, University of Toronto, University of Virginia), prestigious liberal arts colleges (Williams), government and international agencies (International Monetary Fund, Federal Trade Commission, World Bank, Congressional Budget Office, Board of Governors of the Federal Reserve System, US Census Bureau), and private industrial, consulting, and research firms. Brown graduates have an outstanding record of research accomplishments and publications.

The Department offers a one-year MA program. Applicants to the MA program should apply to the PhD program, and are evaluated using the same criteria as applicants to the PhD program. Students in the MA program are not funded by Brown. However, those MA students who take the core examination and pass it will continue in the PhD program and receive funding. In addition, PhD students can earn the MA on the way to the PhD or can receive the MA if they choose not to complete the PhD program. To receive the MA degree in economics at Brown University, students are required to obtain a passing grade in the following eight first-year courses: EC2010, EC2020, EC2030, EC2040, EC2050, EC2060, EC2070, and EC2080. Substitutions for these courses are possible with permission from a Faculty Advisor and the Director of Graduate  Studies.

The Department currently has about thirty faculty members. The faculty includes several Fellows of the Econometric Society, several Sloan Fellows, several Guggenheim Fellows, several recipients of prestigious prizes and awards, the editor of the Journal of Economic Growth, the editor of the Journal of Financial Intermediation, a past editor of the American Economic Review, and several associates and fellows of the National Bureau of Economic Research and the Center for Economic Policy Research. The Department's faculty publishes regularly their research in the top journals of economics and other disciplines, as well as in top field journals (see our "Selected Faculty Publications"). Members of the faculty in the Department have also delivered numerous named, keynote and plenary lectures in main international scientific conferences. The atmosphere in the Department is highly collegial. Interaction among faculty members and graduate students is easy and extensive. The department collaborates with the Brown Population Studies and Training Center, which provides support for students doing research in population economics and economic development. Active workshops provide opportunities for faculty, graduate students, and visiting scholars to discuss current research. Library and computer facilities are excellent.

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Application for Admission and Financial Aid

The University and the Department offer financial aid to highly qualified applicants in the form of first-year Fellowships, Teaching Assistantships, Research Assistantships, and Dissertation Fellowships. Financial aid is usually offered to the students in the PhD program through the first five years of graduate study. All financial aid after the first year is conditional on making good academic progress towards the PhD degree as defined in the department's PhD Handbook.

Entry into the Ph.D. program in economics is possible only in the Fall semester. The application deadline is December 15 for admission starting the following September. About 13 students enter the program each year.

All applicants must take the verbal, quantitative, and analytical sections of the Graduate Record Examination. In order to ensure that their scores reach us by January, applicants should take the GRE in October, or, at the latest, in December. Applicants whose native language is not English must also take the TOEFL examination. Further information about the GRE and TOEFL examinations can be obtained from the Educational Testing Service, Princeton, New Jersey 08540.

In preparing for the Ph.D. program in economics a student can pursue an undergraduate major in any field. However, four semesters of economic analysis and two years of calculus are required for admission. Courses in economic theory, differential equations, and linear algebra are highly recommended. A strong undergraduate record, particularly in Economics, Mathematics and other analytical subjects, provides evidence of the applicant's ability and preparation for undertaking graduate work.

Additional information and application forms (electronic forms only) are available from the Graduate School. For answers to specific questions about the Economics Department, contact Angelica_Vargas@brown.edu.

Frequently Asked Questions

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Living in Providence

Providence is an historic New England city with an ethnically diverse metropolitan area population of about one million. Quoting from The New York Times, "...a vibrant, charming city, one of the most attractive medium-size cities in the country, rich in history and culture and uniquely rich in beautiful dwellings and public buildings of the late 18th and early 19th centuries." Providence has developed into a significant travel destination, with 5.5 million visitors yearly.

The University is in the oldest and best residential area of the city. Most faculty and students live in this neighborhood. In addition to many university cultural and athletic events, Providence has good restaurants, an active nightlife, an excellent repertory theatre, a symphony orchestra, and several fine art museums and galleries. The civic arena hosts rock concerts, athletic events, and more. The University's athletic center provides excellent facilities for squash, swimming, ice skating, tennis, and general fitness.

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Graduate Courses

2014-15 class schedule. This list is subject to revision. Check this website for updates. 

Please see the course catalog in Banner for full course descriptions.

Selected Faculty Publications

Anna Aizer
"Home Alone: Maternal Employment, Child Care and Adolescent Behavior," Journal of Public Economics, forthcoming.
"Networks or Neighborhoods? Correlations in the Use of Publicly Funded Maternity Care in California," with J. Currie, Journal of Public Economics, forthcoming.
"Low Take-up in Medicaid: Does Outreach Matter and For Whom?" American Economic Review Papers and Proceedings, 2003.

Nathaniel Baum-Snow
“School Desegregation, School Choice and Changes in Residential Location Patterns by Race,” with Byron Lutz, American Economic Review, 2011.
“Understanding the City Size Wage Gap,” with Ronni Pavan, Review of Economic Studies, 2012.
"The Effects of Low Income Housing Tax Credit Developments on Neighborhoods," with J.Marion, Journal of Public Economics, 2009.
"Did Highways Cause Suburbanization?,"Quarterly Journal of Economics, 2007.
"Suburbanization and Transportation in the Monocentric Model,"Journal of Urban Economics, 2007.

Pedro Dal Bó
"Institutions and Behavior: Experimental Evidence on the Effects of Democracy," with A. Foster and L. Putterman, American Economic Review, 2010.
"Love, Hate and Murder: Commitment Devices in Violent Relationships," with A. Aizer, Journal of Public Economics, 2009.
"Political Dynasties," with E. Dal Bo and J. Snyder, Review of Economic Studies, 2009.
"Plata o Plomo?: Bribes and Punishment in a Theory of Political Influence," with E. Dal Bo and R. Di Tella, American Political Science Review, 2006.
"Cooperation under the Shadow of the Future: Experimental Evidence from Infinitely Repeated Games," American Economic Review, 2005.

Geoffroy de Clippel
"Two Remarks on the Inner Core," with E. Minelli, Games and Economic Behavior, 2005.
"Values for Cooperative Games with Incomplete Information: an Eloquent Example," Games and Economic Behavior, 2005.
"The Type-Agent Core for Exchange Economies under Asymmetric Information," Journal of Economic Theory, 2007.
"Impartial Division of a Dollar," with H. Moulin and N. Tideman, Journal of Economic Theory, 2008.
"Marginal Contributions and Externalities in the Value", with R. Serrano, Economertica, 2008.

Mark Dean
“Choice Anomalies, Search and Revealed Preference,” with Andrew Caplin, Theoretical Economics, Forthcoming
“Measuring Beliefs and Rewards: A Neuroeconomic Approach,” with Andrew Caplin, Paul Glimcher and Robb Rutledge, Quarterly Journal of Economics, Forthcoming
"Dopamine, Reward Prediction Error, and Economics," with Andrew Caplin, Quarterly Journal of Economics, May 2008.

Andrew Foster
"Economic Growth and the Rise of Forests," with M. Rosenzweig, Quarterly Journal of Economics, 2003.
"Household Division, Inequality and Rural Economic Growth," with M. Rosenzweig, Review of Economic Studies, 2002.
"Imperfect Commitment, Altruism, and the Family: Evidence from Transfer Behavior in Low-Income Rural Areas," with M. Rosenzweig, Review of Economics and Statistics, 2001.
"Women`s Schooling, Home Teaching, and Economic Growth," with J. Behrman, M. Rosenzweig and P. Vashishtha, Journal of Political Economy, 1999.
"Comparative Advantage, Information and the Allocation of Workers to Tasks: Evidence from an Agricultural Labor Market," with M. Rosenzweig, Review of Economic Studies, 1996.

Rachel Friedberg
"The Impact of Mass Migration on the Israeli Labor Market," Quarterly Journal of Economics, 2001.
"You Can`t Take It With You? Immigrant Assimilation and the Portability of Human Capital," Journal of Labor Economics, 2000.
"Immigration and the Receiving Economy," with J. Hunt, in C. Hirschman, P. Kasinitz, and J. DeWind, eds. The Handbook of International Migration, Russell Sage Foundation, 1999.
"The Impact of Immigrants on Host Country Wages, Employment and Growth," with J. Hunt, Journal of Economic Perspectives, 1995.

Oded Galor
“The Out of Africa Hypothesis, Human Genetic Diversity and Comparative Economic Development” (with Q. Ashraf) American Economic Review, 102, 1-46 (February 2013).
“Dynamics and Stagnation in the Malthusian Epoch: Theory and Evidence” (with Q. Ashraf) American Economic Review, 101, 2003-2041 (August 2011).
“Natural Selection and the Origin of Economic Growth” (with O. Moav) Quarterly Journal of Economics, 117, 1133-1192, (November 2002).
"Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition and Beyond," (with D. Weil). American Economic Review, 90, 806-828, (September 2000).
"Income Distribution and Macroeconomics" (with Joseph Zeira), Review of Economics Studies, 60, 35-52, (January, 1993).

Vernon Henderson
"On Strategic Community Development," with J-FThisse, Journal of Political Economy, 2001.
"Are Chinese Cities Too Small," with C.C. Au, Review of Economic Studies, 2006.
"Networking off Madison Avenue," with M. Arzaghi, Revenue of Economic Studies, 2008.
"The Dynamics of City Formation", with A. Venables, Review ofEconomic Dynamics, 2009.
"Corruption and Local Democratization in Indonesia: TheRole of Islamic Parties," with Ari Kuncoro, Journal of Development Economics, 2011.
“Measuring Economic Growth from Outer Space," with Adam Storeygard and David Weil, American Economic Review, forthcoming.

Peter Howitt
"The Microfoundations of the Keynesian Multiplier Process," Journal of Economic Interaction and Coordination, 2006.
"Appropriate Growth Policy: An Integrating Framework," with P. Aghion, Journal of the European Economic Association, 2006.
"Beyond Search: Fiat Money in Organized Exchange," International Economic Review, 2005.
"Endogenous Growth and Cross Country Income Differences," American Economic Review, 2000.
"Endogenous Growth Theory," with P. Aghion, MIT Press, 1998.

Frank Kleibergen
"Testing Parameters in GMM without assuming that they are identified," Econometrica, 2005.
"Testing Subsets of Structural Parameters in the IV Regression Model," Review of Economics and Statistics, 2004.
"Invariant Bayesian Inference in Regression Models that is robust against the Jeffreys-Lindleys Paradox," Journal of Econometrics, 2004.
"Bayesian and Classical Approaches to Instrumental Variable Regression," with E. Zivot, Journal of Econometrics, 2003.
"Pivotal Statistics for testing Structural Parameters in Instrumental Variables Regression," Econometrica, 2002.

Brian Knight
"Media Bias and Influence: Evidence from Newspaper Endorsements”, with Chun-Fang Chiang, July 2011, Review of Economic Studies, 78(3), 795-820.
“Momentum and Social Learning in Presidential Primaries,” with Nathan Schiff, Journal of Political Economy,( 118(6), 1110-1150), 2010.
“Socially Optimal Districting: A Theoretical and Empirical Exploration,” with Stephen Coate, Quarterly Journal of Economics, (122(4), 1409-1471), 2007.
"Endogenous Federal Grants and Crowd-out of State Government Spending: Theory and Evidence from the Federal Highway Aid Program," American Economic Review (92(1)), 2002.
"Estimating the Value of Proposal Power", American Economic Review, 2005.

Adam McCloskey
"Memory Parameter Estimation in the Presence of Level Shifts and Deterministic Trends," with P. Perron, Econometric Theory, forthcoming.
"Estimation of the Long-Memory Stochastic Volatility Model Parameters that is Robust to Level Shifts and Deterministic Trends," Journal of Time Series Analysis, forthcoming.

Stelios Michalopoulos
"Pre-colonial Ethnic Institutions and Contemporary African Development," with Elias Papaioannou, Econometrica, forthcoming.
"The Origins of Ethnolinguistic Diversity," American Economic Review, 2012, 102(4): 1508–1539.
"Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits," with Oded Galor, Journal of Economic Theory, 2012, 147(2): 759-780.

Louis Putterman
"Monitoring in Teams: A Model and Experiment on the Central Monitor Hypothesis," with S. Grosse and B. Rockenbach, Journal of the European Economic Association, 2011.
“Public Goods and Voting on Sanction Schemes: An Experiment,” with Jean-Robert Tyran and Kenju Kamei, Journal of Public Economics, 2011.
“Cooperation and Punishment,” Science, April 2010.
“Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality,” with David Weil, Quarterly Journal of Economics, 2010.
“Institutions and Behavior: Experimental Evidence on the Effects of Democracy,” with Pedro Dal Bó and Andrew Foster, American Economic Review, 2010.

Eric Renault
“Nonparametric Instrumental Regression,” with S. Darolles,Y. Fan and J.P. Florens, Econometrica, September 2011.
“Efficient Derivative Pricing by Extended Method of Moments,” with C. Gourieroux and P. Gagliardin), Econometrica, July 2011.
“State Dependence in Fundamentals and Preferences Explains Risk-Aversion Puzzle,” with F. Chabi-Yo and R. Garcia, Review of Financial Studies, April 2008.
“Indirect Inference and Calibration of Dynamic Stochastic General Equilibrium Models,” with R. Dridi and A. Guay, Journal of Econometrics, February 2007.
“Linear Inverse Problems in Structural Econometrics: Estimation based on spectral decomposition and regularization,” with M. Carrasco and J.P.Florens, Handbook of Econometrics, Vol. 6B, J Heckman (ed.), North Holland, 2007.

Roberto Serrano
“Entropy and the Value of Information for Investors,” with A. Cabrales and O. Gossner, American Economic Review, forthcoming.
“A New Necessary Condition for Implementation in Iteratively Undominated Strategies,” with T. Kunimoto, Journal of Economic Theory, 2011.
“Equilibrium Blocking in Large Quasilinear Economies,” with Y. Kamishiro, Mathematics of Operations Research, 2011.
“Marginal Contributions and Externalities in the Value," with G. de Clippel, Econometrica, 2008.
“An Economic Index of Riskiness,’ with R. J. Aumann, Journal of Political Economy, 2008.

Rajiv Vohra
"The Ex Ante Incentive Compatible Core in the Absence of Wealth Effects," with F. Forges and J-F. Mertens, Econometrica, 2002.
"Incentives and the Core of an Exchange Economy: A Survey," with F. Forges and E. Minelli, Journal of Mathematical Economics, 2002.
"Coalitional Power and Public Good," with D. Ray, Journal of Political Economy, 2001.
"On the Failure of Core Convergence in Economies with Asymmetric Information," with R. Serrano and O. Volij, Econometrica, 2001.
"Incomplete Information, Incentive Compatibility and the Core," Journal of Economic Theory, 1999.

David Weil
"When Does Improving Health Raise GDP?," with Q. Ashraf and A. Lester, NBER Macro Annual, 2008.
"Accounting for the Effect of Health on Economic Growth," Quarterly Journal of Economics, 2007.
"Saving and Growth with Habit Formation," with C. Carroll and J. Overland, American Economic Review, 2000.
"The Gender Gap, Fertility, and Growth," with O. Galor, American Economic Review, 1996.
"A Contribution to the Empirics of Economic Growth," with G. Mankiw and D. Romer, Quarterly Journal of Economics, 1992.

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Current Students

   Alexei Abrahams
Email: Alexei_Abrahams@brown.edu
   Joseph Kofi Acquah
Email: Joseph_Acquah@brown.edu
   Victor Aguiar
Email: Victor_Aguiar@brown.edu
   Lorenzo Aldeco
Email: Lorenzo_Aldeco@brown.edu
   Guillermo Alves Temperan
Email: Guillermo_Alves_Temperan@brown.edu
   Georgios Angelis
Email: Georgios_Angelis@brown.edu
   Michael Bedard
Email: Michael_Bedard@brown.edu
   James Bernard
Email: James_Bernard@brown.edu
   Vincent Bezault
Email: Vincent_Bezault@brown.edu
   Maria Jose Boccardi
Email: Maria_Jose_Boccardi@brown.edu
   Girija Borker
Email: Girija_Borker@brown.edu
   Samuel Brown
Email: Samuel_Brown@brown.edu
   Desislava Byanova
Email: Desislava_Byanova@brown.edu
   Chenxi Cai
Email: Chenxi_Cai@brown.edu
   Mario Carillo
Email: Mario_Francesco_Carillo@brown.edu
   Gregory Casey
Email: Gregory_Casey@brown.edu
   I Chen
Email: I_Chen@brown.edu
   Mahesh Dahal
Email: Mahesh_Dahal@brown.edu
   Alexander Eble
Email: Alexander_Eble@brown.edu
   Alexandra Effenberger
Email: Alexandra_Effenberger@brown.edu
   Andrew Elzinga
Email: Andrew_Elzinga@brown.edu
   Martin Fiszbein
Email: Martin_Fiszbein@brown.edu
   Diego Focanti
Email: Diego_Focanti@brown.edu
   Simon Freyaldenhoven
Email: Simon_Freyaldenhoven@brown.edu
   Margarita Gafaro Gonzalez
Email: Margarita_Garfaro_Gonzalez@brown.edu
   Vaishali Garga
Email: Vaishali_Garga@brown.edu
   Bruno Gasperini
Email: Bruno_Gasperini@brown.edu
   Jean-Yves Gerardy
Email: Jean_Yves_Gerardy@brown.edu
   David Glancy
Email: David_Glancy@brown.edu
(Fri. 11:00-1:00, Maxy room 304)
   David Glick
Email: David_Glick@brown.edu
   Pavitra Govindan
Email: Pavitra_Govindan@brown.edu
   Florian Gunsilius
Email: Florian_Gunsilius@brown.edu
   Violeta Gutkowski
Email: Violeta_Gutkowski@brown.edu
   Hyojin Han
Email: Hyojin_Han@brown.edu
   Jamie Hansen-Lewis
Email: Jamie_Hansen_Lewis@brown.edu
   Morgan Hardy
Email: Morgan_Hardy@brown.edu
   Stefan Hut
Email: Stefan_Hut@brown.edu
   Fabrice Kampfen
Email: Fabrice_Kampfen@brown.edu
   Ryan Kessler
Email: Ryan_Kessler@brown.edu
   Philipp Ketz
Email: Philipp_Ketz@brown.edu
(Weds. 10:00-12:00, Robinson 214 )
   Jeongbin Kim
Email: Jeongbin_Kim@brown.edu
   Mert Kimya
Email: Mert_Kimya@brown.edu
   Kanghyock Koh
Email: Kanghyock_Koh@brown.edu
   Margarita Machelett
Email: Margarita_Machelett@brown.edu
   Michelle Marcus
Email: Michelle_Marcus@brown.edu
   John McNeill
Email: John_McNeill@brown.edu
   Angelica Meinhofer Santiago
Email: Angelica_Meinhofer_Santiago@brown.edu
   Svetoslava Milusheva
Email: Svetoslava_Milusheva@brown.edu
   Ken Miura
Email: Ken_Miura@brown.edu
   Hui Wen Ng
Email: Hui_Wen_Ng@brown.edu
   Heitor Pellegrina
Email: Heitor_Pellegrina@brown.edu
   Jorge Eduardo Perez Perez
Email: Jorge_Perez@brown.edu
   Stefano Polloni
Email: Stefano_Pollini@brown.edu
   Kevin Proulx
Email: Kevin_Proulx@brown.edu
   Sanjay Raj Singh
Email: Sanjay_Singh@brown.edu
   Aurora Ramirez Alvarez
Email: Aurora_Ramirez_Alvarez@brown.edu
   Catalina Ravizza Araya
Email: Catalina_Ravizza_Araya@brown.edu
   Nicholas Reynolds
Email: Nicholas_Reynolds@brown.edu
   Nickolai Riabov
Email: Nickolai_Riabov@brown.edu
   Jacob Robbins
Email: Jacob_Robbins@brown.edu
   Adrian Rubli Ornelas
Email: Adrian_Rubli_Ornelas@brown.edu
   Daniela Scida
Email: Daniela_Scida@brown.edu
   Lucas Scottini
Email: Lucas_Scottini@brown.edu
   Oleg Semenov
Email: Oleg_Semenov@brown.edu
   Yang Shen
Email: Yang_Shen@brown.edu
   Tim Squires
Email: Tim_Squires@brown.edu
   Nicholas Stacey
Email: Nicholas_Stacey@brown.edu
   Masaya Takano
Email: Masaya_Takano@brown.edu
   William Violette
Email: William_Violette@brown.edu
   Sagar Wadhwa
Email: Sagar_Wadhwa@brown.edu
   Laurence Wicht
Email: Laurence_Wicht@brown.edu
   Ella Wold
Email: Ella_Wold@brown.edu
   Shuyan (Sherry) Wu
Email: Shuyan_Wu@brown.edu
   Hyunjoo Yang
Email: Hyunjoo_Yang@brown.edu
   Xu Zhang
Email: Xu_Zhang@brown.edu
   Xinyi Zhang
Email: Xinyi_Zhang@brown.edu
   Xuan Zhang
Email: Xuan_Zhang@brown.edu

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