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Department of Economics College of Arts and Sciences Stony Brook University, State University of New York

  • Stony Brook, NY
    location
  • Public
    type
  • Suburban
    setting
  • 57%43%
    student ratio
  • Not Reported
    total students
  • $4,685 | $8,340
    in-state tuition | out-of-state tuition
  • January 15
    fall application deadline
  • 30%
    acceptance rate
  • 2 Degrees
    degrees offered

Overview

Department of Economics at Stony Brook

The Department offers a Ph.D. degree in economics. All courses are at the Ph.D. level; however, after 30 credits, a student can receive an M.A. degree. The Department offers an integrated program centered on applied microeconomic theory, macroeconomics, mathematical modeling, simulation, and econometrics. The program is based on the view that the various fields in economics have a very large overlap in terms of economic theory and empirical methodology and that they differ mainly in terms of some of the structure that is put on otherwise common models. In line with this view, the courses for the program are divided into eight core courses, six field courses, and a research workshop. The core courses are mostly taken in the first year, with the second year and part of the third year devoted to field courses. The core courses provide the theory and econometric techniques that are a necessary foundation for the field courses. These courses do not require previous knowledge of economics but proceed quickly through the foundations using mathematics through multivariate calculus and linear algebra. The field courses are in the areas of game theory, industrial organization, labor economics, health economics, economic demography and growth, computational economics and dynamic modeling, computational macroeconomics, and applied econometrics. Taking advantage of the overlap in fields, these courses are designed to cover a wide set of theoretical structures and research methodologies used throughout economics, to show how these techniques are transported from field to field, and to let students see in depth some particular applications. As a whole, these courses give students a strong foundation for economic research in a broad variety of fields. Students choose a thesis adviser by the beginning of the third year and pass a thesis proposal defense by the end of the third year. Given the overlap in fields, faculty guidance is available for a wide variety of research topics. Students can expect to work closely with a thesis adviser and a number of other faculty members on their theses. The Department has an active seminar series with both inside and outside faculty speakers and an active graduate student-run seminar series to present and discuss thesis research. Various groups of faculty members also run workshops for their thesis students. The typical student takes about five years to complete the Ph.D. The Ph.D. program prepares students for careers as economics faculty members in research universities and four-year colleges and as researchers on complicated economic questions in the private and government sectors. Two examples of the research topics shared by academic researchers and private and government researchers are pricing for communications networks and effects of government trade policy.

Research Facilities

The Social Science Data Lab is a state-of-the-art microcomputer facility with mathematical modeling and statistical software, along with many other standard software titles. It is connected to the Internet and is available to all social science graduate students. The Smith departmental Sun multiprocessor networked workstation is available to students working on computationally intensive research. Most student offices are now equipped with microcomputers. The University library is highly oriented toward the electronic supply of text and data and subscribes to many electronic journals and electronic working paper series and literature databases.

Student Group

There are generally about 40 to 45 Ph.D. students in residence, with about an equal number of men and women. Most of the students are international. Almost all students receive financial support. The Department seeks students with a strong aptitude and interest in mathematical modeling of economic phenomena. Preparation in linear algebra and multivariate calculus is essential. In addition to undergraduate economics majors with strong mathematical preparation, students with majors in other mathematical modeling disciplines, such as engineering, physics, and mathematics, are invited to apply. In the profession as a whole, a large number of current Ph.D. economists majored in engineering, physics, or mathematics as undergraduates and wanted to use their skills on more people-oriented questions. The Department does give preference to U.S. citizens or permanent residents who satisfy the requirements on interest and preparation.

Student Outcomes

Recent graduates have taken positions in both academia and the private sector. Some recent placements in academia have been as assistant professors at Florida State University at Tallahassee, California State University at Northridge, the University of Pittsburgh, and National Chi-Nan University in Taiwan. Some have taken postdoctoral appointments at institutions such as Yale University. Private-sector placements have been in various economic consulting firms and government policy and research offices. Former graduates who are more advanced in their careers are at institutions such as Rutgers and UCLA in academia and the Office of Tax Analysis, U.S. Treasury, in the public sector.

Graduate Admissions

Stony Brook University

Stony Brook is classified by the Carnegie Foundation as a Type I research university, its highest distinction, which is granted to fewer than 2 percent of all colleges and universities nationwide. The University has strong mathematics, applied mathematics, computer science, and engineering departments, which are important resources for doing mathematical modeling.


Location & Contact

Department of Economics

College of Arts and Sciences
Stony Brook University, State University of New York

Nicolls Road
Stony Brook, NY 11794
United States

Dr. Sandro Brusco

Co-Chair

Phone: 631-632-7540
Fax: 631-632-7516
Email: sandro.brusco@stonybrook.edu

Dr. Hugo Benitez-Silva

Graduate Program Director

Phone: 631-632-7516
Email: hugo.benitez-silva@sunysb.edu

Contact school now

Degrees & Award

  • Degrees Offered
    • Major Degree Levels Offered
    • Economics Doctor of Philosophy (PhD)
      Master of Arts (MA)
  • Degrees Awarded
    • Master's Degrees 5
    • Doctoral Degrees 2
    • First Professional Degrees Not reported
    • Other Advanced Degrees Not reported
    • * Shows the number of degrees awarded for the last academic year that data was reported.
  • Earning Your Degree
    • Part-time study available? Not reported
    • Evening/weekend programs available? No
    • Distance learning programs available? Not reported
    • Terminal master's degree available? Not reported
  • Degree Requirements
    • Master's Degrees Not reported
    • Doctoral Degrees Required and Required
    • First Professional Degrees Not reported
    • Other Advanced Degrees Not reported

Admissions

30% of applicants are admitted.
  • Acceptance Rate
    • Applied 222
    • Accepted 127
    • Acceptance Rate 30
    • Enrolled 33
  • Applying
    • Application Fee - Domestic $100
    • Application Fee - International $100
    • Electronic applications accepted? Not Reported
    • Applications processed on a rolling basis? Not Reported
  • Application Deadlines
    • Type Domestic International Priority Date
    • Fall deadline January 15th Not Reported Not Reported
    • Winter deadline Not Reported Not Reported Not Reported
    • Spring deadline Not Reported Not Reported Not Reported
  • Entrance Requirements
    • Master's DegreesGRE General Test
    • Doctoral's DegreesGRE General Test
    • First-Professional's DegreesNot Reported
    • Other Advanced DegreesNot Reported
    • International DegreesTOEFL required

Tuition & Fees

  • Tuition & Fees
    • In-state tuition *$4,685
    • Out-of-state tuition *$8,340
    • International student tuitionNot Reported
    • *Typical tuition for this insitution for full-time graduate students per academic year
  • Fees
    • Per-academic year fees$1,214.00
    • Per-term feesNot Reported
    • One-time feeNot Reported
    • *Typical fees for this insitution for full-time graduate students per academic year
  • Financial Support
    • Financial award applicants must submitNot Reported
    • Application deadlines for financial awardsNot Reported
    • Types of financial support availableTeaching Assistantships

Student Body

  • Gender
    • Total Graduate Students87
    • Female Percentage53%
    • Male Percentage47%
  • Participation
    • Total Graduate Students87
    • Part-time Percentage1%
    • Full-time Percentage99%
  • Ethnicity
    • Hispanic / Latino0%
    • Black / African American0%
    • White / Caucasian62%
    • American Indian / Alaskan Native0%
    • Asian25%
    • Native Hawaiian / Other Pacific Islander0%
    • Two or more races0%
    • Unknown13%

Faculty

  • Faculty Breakout
    • Total Faculty16
    • Full-time Percentage75%
    • Part-time Percentage25%
    • Female Percentage19%
    • Male Percentage81%

Research

  • Existing Research
    • Focus of faculty researchEconomic theory, game theory, econometrics, macroeconomics, applied microeconomics
    • Externally sponsored research expenditures last year$102,643

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