PhD in Economics
The Crawford Economics PhD is a degree program that applies the discipline of economics to matters of public policy. As Australia’s national university, the ANU is home to the country’s leading group of economists concerned with economic policy. In applications as diverse as natural resources, international trade and finance, economic development and the environment, ANU’s economists are national and world leaders. Their interests encompass policy issues in Australia, the neighbouring Asia-Pacific region, and other countries of the world as well as the international economic institutions. Crawford Economics PhD brings this expertise together to inform a new generation of researchers and policy makers through postgraduate research training.
An important feature of the Crawford Economics PhD is the year of coursework that is tailored to budding researchers in all areas of economics analysis of public policy. The applied and policy-oriented nature of these courses are what distinguish this PhD degree from the companion Economics PhD program at ANU’s College of Business and Economics, although the two programs work in close harmony with otherwise similar rules and procedures.
The admission requirement for PhD study in the Crawford Economics PhD program reflects the background that students will require to undertake the coursework that constitutes Part A of the degree. The requirement is the equivalent of an H2A degree in economics (not business or accounting) from an Australian Go8 university. A degree at the same level with honours in mathematics or statistics is considered equivalent, provided the candidate has an undergraduate major in economics with at least a distinction in a third-year economics course.
Candidates need to have an adequate background in mathematical economics at least at the level of the course ECON6015 Optimization Techniques for Economists or IDEC8015 Mathematical Methods in Applied Economics. For those students who do not have this background, the Research School of Economics in the College of Business and Economics will offer a summer course called Mathematical Techniques for Advanced Economic Analysis (PDF, 200KB). The examination from this summer course (which occurs just before the academic year starts) will be used as a mathematical economics entry test. Candidates who do not satisfy this requirement are not recommended for admission.
It is also assumed that candidates have a background in basic econometrics at least at the level of IDEC8017 Econometric Techniques or EMET8005. Candidates who do not satisfy this requirement may be permitted to satisfy it while enrolled in Part A, but the course will not be counted towards the Part A coursework requirement.
Enquiries regarding the admission requirements may be addressed to the Convenor.
Part A - Coursework Requirements
Candidates need to complete successfully eight semester-length courses, including three required courses, as follows:
- IDEC8064 Masters Microeconomics
- IDEC8008 Open Economy Macroeconomics, Finance, and Development
- IDEC8024 Economic Seminars
Note: With approval of their supervisor, students have the option of substituting micro and/or macro required courses offered by CBE for PhD coursework as alternatives to the Crawford microeconomics course IDEC8064 and/or the Crawford macroeconomics course IDEC8008.
An advanced econometrics course from the following list:
- EMET8001 Applied Micro-Econometrics
- EMET8010 Applied Macro and Financial Econometrics
- IDEC8023 Case Studies in Applied Economics
Four electives chosen from the specified set of courses set out below, chosen in accordance with the candidate’s research interests and on the advice of the candidate’s supervisor:
- Graduate (8000 level) courses offered by the Crawford School of Public Policy. (See Appendix for possible electives.)
- Graduate (8000 level) courses offered by the Research School of Economics. (See Appendix for possible electives.)
- Specialist graduate (8000 level) courses taught elsewhere in the ANU - for example, Mathematics or Finance and Applied Statistics – can be approved in exceptional circumstances.
Suitable electives offered by the Crawford School of Public Policy. (Not all courses are offered in all years. Check for availability.)
- IDEC8007 Aid and Development Policy
- IDEC8009 Trade, Development and the Asia Pacific Economy
- IDEC8010 Quantitative International Economics
- IDEC8012 Monetary Policy and Central Banking in the Asia Pacific
- IDEC8014 Banking, Finance and Monetary Policy in the Asia Pacific
- IDEC8018 Agricultural Economics and Resource Policy
- IDEC8020 Applied Economic Dynamics
- IDEC8021 The Chinese Economy
- IDEC8022 Economic Development
- IDEC8023 Case Studies in Applied Economics
- IDEC8026 Quantitative Policy Impact Evaluation
- IDEC8027 Infrastructure Regulation Economics and Policy
- IDEC8028 The Microeconomics of Development
- IDEC8053 Environmental Economics
- IDEC8081 Economics of Incentives & Institutions
- IDEC8083 Financial Markets & Instruments for Economic Management and Development
- IDEC8088 Applied Economics: Cost Benefit Economics
- EMDV8080 International Climate Change Policy and Economics
- EMDV8081 Domestic Climate Change Policy and Economics
- IDEC8089 Energy Economics
- IDEC8127 Modelling the Global Economy
Suitable electives offered by the Research School of Economics. (Not all courses are offered in all years. Check for availability.)
- ECON8002 Applied Welfare Economics
- ECON8003 Economic Policy Issues
- ECON8006 International Trade Theory
- ECON8009 International Monetary Economics
- ECON8010 Public Economics
- ECON8015 International Economics
- ECON8021 Topics in Microeconomic Theory
- ECON8034 Principles of Public Economics
- ECON8037 Financial Economics
- ECON8038 Industrial Organisation
- ECON8039 Health Economics
- ECON8041 Labour Economics & Industrial Relations
- ECON8047 Law and Economics
- ECON8050 Economic Growth
- ECON8053 Strategic Thinking: An Introduction to Game Theory
- ECON8070 Political Economy of Macroeconomic Policy
- ECON8013 Mathematical Techniques in Economics I
- ECON8014 Mathematical Techniques in Economics II
- EMET8001 Applied Micro-Econometrics
- EMET8010 Applied Macro & Financial Econometrics
- EMET8012 Business & Economic Forecasting
- EMET8014 Advanced Econometric Methods
Part B – Supervised Research and Thesis
Following successful completion of Part A, candidates commence Part B of the program comprising a period of study normally equivalent to between 24 and 36 months of full-time research. During this period, each candidate writes a doctoral thesis. When the thesis is complete, the candidate submits the thesis to be examined. The thesis will be examined by two to three outside examiners who are experts in the relevant field. The PhD degree is awarded solely on the basis of the examination of the research thesis. While examiners would be aware the candidate has completed coursework requirements, the level of performance in coursework is not taken into account in examining the candidate for the award of the degree.
During Part B, each candidate is expected to contribute regularly to seminars in the Crawford Economics PhD seminar. Such contribution should include regular attendance, active involvement including constructive comments on the work of others, and presenting a seminar at least once a year.
Progress milestones in Part B
It is University policy that each candidate’s progress should be reviewed periodically. In every year of their PhD studies, PhD candidates are required to submit an Annual Plan, which outlines their research plan for the next twelve months, and a Progress Report, which summarises their progress in their research and also discusses difficulties or changes in their research path, if any. The Progress Report and the Annual Plan form the basis of the student’s Annual Review. In addition to these, in the second year, candidates must submit their Thesis Proposal for review. The proposal is a description of the research questions to be studied in the thesis, and a discussion of the structure of the thesis and its time plan. From this document the student’s supervisory panel can judge the originality, significance, adequacy and achievability of the thesis plan.
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