USC Catalogue 2017-2018 [ARCHIVED CATALOGUE]
Economics
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Return to: USC Dornsife College of Letters, Arts and Sciences
The economics curriculum is oriented toward a general, liberal education. The study of economics requires adequate preparation in mathematics and statistics. The department offers a BA degree in Economics, a BA degree in Political Economy, a BA degree in Social Sciences with an emphasis in Economics, a BS in Economics/Mathematics and a minor in Economics. The BA degrees require a total of 32 upper-division units for the major. The department offers a Master of Arts in Economics, a Master of Arts in Economic Developmental Programming, a Master of Science in Mathematical Finance and a Master of Science in Quantitative Economics, dual degrees with the USC Gould School of Law and the USC Price School of Public Policy, a Doctor of Philosophy in Economics, and a Doctor of Philosophy in Pharmaceutical Economics and Policy with the USC School of Pharmacy.
Kaprielian Hall 300
(213) 740-8335
FAX: (213) 740-8543
Email: econ@dornsife.usc.edu
Chair: Matthew Kahn, PhD
Faculty
John E. Elliott Distinguished Chair in Economics: M. Hashem Pesaran, PhD
Presidential Professor of Health Economics: Daniel McFadden, PhD
University Professor: Richard A. Easterlin, PhD*
Robert R. and Katheryn A. Dockson Chair in Economics and International Relations and Professor of International Relations and Economics: Joshua Aizenman, PhD
Leonard D. Schaeffer Director’s Chair of the USC Leonard D. Schaeffer Center for Health Policy and Economics and Professor of Public Policy, Pharmacy, and Economics: Dana Goldman, PhD
Professors: Dominic James Brewer, PhD (Education); Isabelle Brocas, PhD; Juan Carrillo, PhD; Robert Dekle, PhD; Gillian Hadfield, PhD, JD (Law); Cheng Hsiao, PhD; Ayse Imrohoroglu, PhD (Business); Selahattin Imrohoroglu, PhD (Business); Matthew Kahn, PhD; Arie Kapteyn, PhD; Michael J. P. Magill, PhD; Edward J. McCaffery, JD (Law); Hyungsik Roger Moon, PhD; Jeffrey B. Nugent, PhD*; Vincenzo Quadrini, PhD (Business); Romain Rancière; Geert Ridder, PhD; John Strauss, PhD; Guofu Tan, PhD; Simon J. Wilkie, PhD; Donald E. Yett, PhD; Fernando Zapatero, PhD (Business)
Professor (Research): Jinkook Lee, PhD
Associate Professors: Caroline Betts, PhD; Giorgio Corcicelli, PhD; Harrison Hsueh-Cheng Cheng, PhD; Michael E. DePrano, PhD
Associate Professors (Research): Daniel Benjamin, PhD; Anya Samek, PhD
Assistant Professors: Vittorio Bassi, PhD; Fanny Camara, PhD; Joel David, PhD; Yu-Wei Hsieh, PhD; Michael Leung, PhD; David Zeke, PhD
Assistant Professors (Research): Leandro Carvalho, PhD; Daniel Bennett, PhD
Professor of the Practice of International Relations and Economics: Lord John Eatwell, PhD
Professor (Teaching): Mark Moore, PhD
Adjunct Professor of the Practice: Jeffrey Dubin, PhD
Lecturers: Juliana Araujo, PhD; Ergin Bayrak, PhD; Baiyu Dong, PhD; Ladan Masoudie, PhD; Ratika Narag, PhD; Lodovico Pizzati, PhD; Michael Sproul, PhD
Emeritus Professors: Richard H. Day, PhD; Peter Gordon, PhD (Public Policy)
*Recipient of university-wide or college teaching award.
Undergraduate Degrees
Advisement
Upon declaring a major or minor in Economics, students should consult with the department’s undergraduate adviser. Students can check their academic progress on the USCweb under OASIS.
Progressive Degree Program in Economics
The Economics department offers students who have demonstrated exceptional academic success the opportunity to earn both bachelor’s and master’s degrees in a progressive degree program. This program allows students to earn both the Bachelor of Arts and the Master of Arts degrees in five years. Students may also pursue the Bachelor of Science in Economics/Mathematics and the Master of Science in Mathematical Finance. Further details about progressive degree programs can be found here.
Admission
Admission is available after the completion of 64 units of course work toward the undergraduate degree. Students must apply for admission to the progressive degree program after completing 64 units of applicable course work to their undergraduate program, but prior to the completion of 96 units of course work. The application for admission to the progressive degree program must be accompanied by a course proposal plan and two letters of recommendation from USC Economics faculty.
Awarding of Degrees
The bachelor’s and master’s degrees may be awarded separately upon completion of all degree requirements, but the master’s degree will not be awarded before the bachelor’s degree. Students who elect not to complete the master’s must complete 128 units to earn the bachelor’s degree.
Undergraduate Honors Program
The department offers an honors program. First and second semester seniors can enroll in ECON 495 Honors Thesis . Honors will be awarded upon completion of the thesis, an overall GPA of 3.0 or higher and a major GPA of 3.5.
Department Policy Regarding Transfer Credits
Students who have taken courses equivalent to ECON 303 , ECON 305 or ECON 317 from an economics department at another four-year college or from a program deemed comparable by the director of undergraduate studies, can earn transfer credits provided they received a B (3.0) or better in the courses.
Graduate Degrees
The graduate program in Economics is designed to prepare students for careers in teaching, research, industry and government. The department emphasizes economic theory and econometrics; applied economic analysis, including microeconomics, macroeconomics, international and development economics, urban and regional economics; and political economy.
Admission Requirements
Prerequisites
The typical applicant for admission will normally have completed an undergraduate major in economics. Minimal prerequisites for admission to a master’s degree program include courses in intermediate microeconomic and macroeconomic theory, a year of calculus, and a semester of statistics. Applicants for the PhD program are normally expected to have completed more than the minimum, particularly in the areas of mathematics and statistics.
Procedure
Application deadlines for master’s degrees are April 1 for the fall semester and October 15 for the spring. Completed doctoral applications are due by December 1.
Placement Examinations
Students whose native language is other than English may be required to take an English placement examination. Course work in English may be required.
Degree Requirements
These degrees are under the jurisdiction of the Graduate School. Refer to the Requirements for Graduation section and The Graduate School section of this catalogue for general regulations. All courses applied toward the degrees must be courses accepted by the Graduate School.
Foreign Language/Research Tool Requirements
There is no foreign language requirement. However, competence in the use of one computer programming language is required for all graduate degrees offered through the Department of Economics.
Doctor of Philosophy in Pharmaceutical Economics and Policy
Application deadline: December 1
The Department of Economics and the Department of Pharmaceutical Economics and Policy (USC School of Pharmacy) jointly offer a program of study leading to the PhD degree and to the MA degree in the process of work toward the PhD degree.
Required courses include both core requirements and area requirements. Core requirements include courses in economic theory, econometrics, and research methods. Area requirements include courses in health economics, pharmaceutical economics, welfare theory and applied econometrics.
For a detailed description of this program, see the USC School of Pharmacy section of this catalogue.
Bachelor’s Degree
Minor
Master’s Degree
Dual Degree
Doctoral Degree
Economics
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