boston college morrissey college of arts and sciences graduate program economics 1 welcome to graduate economics T he Economics Department at Boston College is an exciting community of scholars from many countries who pursue applied and theoretical research on the pressing economic and social issues that face the world in the 21st century. The doctoral program is designed to train economists for careers in teaching and research by providing strong backgrounds in economic theory, quantitative research methods and applied fields. Boston College provides considerable intellectual leadership to the economics profession. The economics faculty includes 37 full-time positions and continues to grow. Faculty allocate their time between research and teaching in undergraduate and doctoral programs as well as participating in the wider intellectual life of the University, the Boston area and the world. The Boston College Economics Department ranks between 24th and 26th among U.S. economics departments in the Combes-Linnemer worldwide rankings appearing in the December 2003 Journal of the European Economic Association. The economics Ph.D. program is ranked 31 in the U.S. News & World Report 2009 peer assessment survey. With University approval and support, we are on a growth path aimed at achieving and maintaining a top 25 ranking among U.S. economics departments. Recent hires include distinguished econometricians, economic theorists and applied economists, adding to the established strength of the department in applied economics. The graduate program in economics is dedicated to training full-time Ph.D. students for careers in teaching and research. The program provides students with strong backgrounds in economic theory, quantitative research methods and applied fields. Requirements include course work, comprehensive examinations, a doctoral dissertation and a one-year residence requirement. The program admits about 16 new students per year. The size of the program permits the department to offer a broad range of courses while at the same time enabling students to receive significant individual attention. In addition to core courses in economic theory and quantitative methods, the program offers courses in advanced micro and macro theory, econometric theory, applied econometrics, international trade, empirical international finance, topics in international macro, topics in international economic policy, economic development, public sector economics, monetary economics, labor economics, industrial organization and finance. Boston College’s proximity to Cambridge and Boston make it part of the area’s lively intellectual community. The Ph.D. program draws upon the rich academic resources of the area in addition to those available within the Economics Department and other departments and schools at Boston College. We invite you to find out more at bc.edu/economics. contents Program of Study 2 Faculty 3 Courses 10 Outcomes 11 Academic Resources 14 Student Life & Campus Resources 15 Admission & Financial Information 17 1 program of study Ph.D. Program dIsserTaTIon The requirements for the Ph.D. degree fall into four basic categories: course work, comprehensive examinations, the dissertation and a residence requirement. course work The course requirements consist of a seven-course core curriculum and eight electives. The standard program for meeting these requirements is: Year 1 Fall Spring Microeconomic Theory I Microeconomic Theory II Macroeconomic Theory I Macroeconomic Theory II Math for economists econometric Methods statistics Year 2 Fall Spring 4 electives 4 electives coMprehensIve exaMs All students are required to pass written comprehensive examinations in microeconomic theory, macroeconomic theory and two of the following fields: 2 Advanced Macro and Monetary Economics Advanced Micro Theory Finance Econometrics Economic Development Industrial Organization International Economics International Trade and Policy Labor Economics Public Sector Economics The third year of study is devoted to the formulation and development of a thesis topic. Third- and fourth-year students are required to regularly attend and actively participate in the department’s Thesis Workshop, which meets weekly during the academic year. Students are required to make presentations in the second semester of the third year, each semester of the fourth year and the first semester of the fifth year. Each Ph.D. student must have a dissertation abstract and a dissertation proposal on file with the department. Both the abstract and the proposal must be signed by two faculty members. The approved abstract must be on file no later than April 1 of the third year. The approved proposal must be on file no later than October 1 of the fourth year. The thesis is written under the supervision of a committee of three faculty members: a director chosen by the student and two readers agreed upon by the student and the director. The thesis is approved when it is successfully defended before the committee in an oral examination. As with any Ph.D. program, the ultimate time to completion varies considerably. The department expects every student to be well prepared to enter the job market in January of the fifth year of full-time study. Although there are exceptions, students should anticipate spending a minimum of four years of full-time study to complete the degree. resIdence requIreMenT Each Ph.D. student must spend at least one academic year as a full-time student at Boston College. faculty profiles james anderson christopher f. baum Professor Professor of Economics and Social Work Ph.D., University of Wisconsin Ph.D., University of Michigan james.anderson@bc.edu christopher.baum@bc.edu RESEARCh InTERESTS International Economics Economic history RESEARCh InTERESTS Financial Economics Applied Econometrics Public health RECEnT PUBLICATIOnS “how Much Does Geography Deflect Services Trade? Canadian Answers” (with C.A. Milot and Y.V. Yotov). International Economic Review 55(3) (2014): 791-818. “Efficient Policy in a Predatory Economy: To him who hath shall be given.” International Economic Review 53 (2012): 157-74. “The Specific Factors Continuum Model with Implications for Globalization and Income Risk.” Journal of International Economics 85 (2011): 174-85. “The Gravity Model.” Annual Review of Economic 3 (2011): 133-60. “Costs of Taxation and Benefits of Public Goods with Multiple Taxes and Goods” (with W. Martin). Journal of Public Economic Theory 13 (2011): 289-309. s anukriti Assistant Professor Ph.D., Columbia University s.anukriti@bc.edu RESEARCh InTERESTS Economic Development Economics of Gender RECEnT PUBLICATIOnS “Impact of the Two-Child Limit for Local Politicians.” Ideas for India, March 2, 2015. Leveraging Political Aspirations.” Mint, March 5, 2015. susanto basu Professor Ph.D., Harvard University susanto.basu@bc.edu RESEARCh InTERESTS Macroeconomics Monetary Economics Productivity RECEnT PUBLICATIOnS “Some Evidence on the Importance of Sticky Wages,” American Economic Journal: Macroeconomics 6 (2014): 70-101. “Are Technology Improvements Contractionary?” American Economic Review 96(2006): 1418-48. RECEnT PUBLICATIOnS “R&D Expenditures and Geographical Sales Diversification” (with Mus. Caglayan and O.Talavera). The Manchester School, forthcoming, 2015. “Jumps and Stochastic Volatility in Crude Oil Futures Prices Using Conditional Moments of Integrated Volatility” (with P. Zerilli). Energy Economics, forthcoming, 2015. “The Impact of State Cigarette Taxes on Disparities in Maternal Smoking During Pregnancy” (with S. Sherburne hawkins). American Journal of Public Health 104(8) (2014): 1464-70. “The Effects of Future Capital Investment and R&D Expenditures on Firms’ Liquidity” (with M. Caglayan and O. Talavera). Review of International Economics 21(3) (2013): 459-74. “The Impact of the Financial System’s Structure on Firms’ Financial Constraints” (with D. Schäfer and O. Talavera). Journal of International Money and Finance 30 (2011): 678-91. ryan chahrour Assistant Professor Ph.D., Columbia University ryan.chahrour@bc.edu RESEARCh InTERESTS Macroeconomics Monetary Economics RECEnT PUBLICATIOnS “Public Communication and Information Acquisition.” American Economic Journal: Macroeconomics 6(3) (2014): 73-101. “A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier” (with S. Schmitt-Grohe and M. Uribe). American Economic Journal: Economic Policy 4(2) (2012): 28-45. “Sales and Price Spikes in Retail Scanner Data.” Economics Letters 110(2) (2011): 143-46. sanjay chugh Assistant Professor Ph.D., University of Pennsylvania sanjay.chugh@bc.edu RESEARCh InTERESTS Macroeconomics Macro-Labor Optimal Fiscal Policy 3 faculty profiles RECEnT PUBLICATIOnS “Costly External Finance and Labor Market Dynamics.” Journal of Economic Dynamics and Control 37 (2013): 2882-912. “Tax Smoothing in Frictional Labor Markets” (with D.M. Arseneau). Journal of Political Economy 120 (2012): 926-85. “Optimal Fiscal and Monetary Policy When Money is Essential” (with S. Boragan Aruoba). Journal of Economic Theory 145 (2010): 1618-47. “Does the Timing of the Cash-in-Advance Constraint Matter for Optimal Fiscal and Monetary Policy?” Macroeconomic Dynamics, 13 (2009): 133-50. “Optimal Fiscal and Monetary Policy with Costly Wage Bargaining” (with D.M. Arseneau). Journal of Monetary Economics 55 (2008): 1401-14. donald cox Professor Ph.D., Brown University donald.cox@bc.edu RESEARCh InTERESTS Economics of Intergenerational Transfers Labor Economics RECEnT PUBLICATIOnS “The Evolution of Altruistic Preferences: Mothers versus Fathers” (with I. Alger). Review of Economics of the Household 11(3) (2013): 421-46. “Intergenerational Transfers.” In Encyclopedia of Life Course and Human Development, eds. M.E. hughes, A. Pienta and R. Crosnoe. Macmillan Reference USA, 2009. “Extended Family and Kinship networks: Economic Insights and Evolutionary Directions” (with M. Fafchamps). In Handbook of Development Economics, Volume 4, eds. T.P. Schultz and J. Strauss. north holland, 2008. “Intergenerational Caregiving and Exchange: Economic and Evolutionary Approaches.” In Caring and Exchange Within and Across Generations, eds. A. Booth, A.C. Crouter, S. Bianchi and A. Seltzer. Urban Institute Press, 2008. “Biological Basics and the Economics of the Family,” Journal of Economic Perspectives 21 (2007): 91-108. mehmet ekmekci Associate Professor Ph.D., Princeton University mehmet.ekmekci@bc.edu RESEARCh InTERESTS Game Theory Mechanism Design RECEnT PUBLICATIOnS “Reputation in the Long-Run with Imperfect Monitoring” (with A. Atakan). Journal of Economic Theory 157 (2015): 553-605. “Auctions, Actions and the Failure of Information Aggregation” (with A Atakan). The American Economic Review 104(7) (2014): 104-7. 4 “Bargaining and Reputation in Search Markets” (with A. Atakan). The Review of Economic Studies 81(1) (2014): 1-29. “A Two-Sided Reputation Result with Long-run Players” (with A. Atakan). Journal of Economic Theory 148 (2013): 376-92. “Reputation in Long-Run Relationships” (with A. Atakan). The Review of Economic Studies 79 (2) (2012): 751-80. scott l. fulford Assistant Professor Ph.D., Princeton University scott.fulford@bc.edu RESEARCh InTEREST Economic Development household Finance RECEnT PUBLICATIOnS “The Effects of Financial Development in the Short and Long Run: Theory and Evidence from India.” Journal of Development Economics 104 (2013): 56-72. “Returns to Education in India.” World Development 59 (2014): 434-50. “how Important is Variability in Consumer Credit Limits?” Journal of Monetary Economics 72 (2015): 42-63. frank m. gollop Professor Emeritus Ph.D., Harvard University frank.gollop@bc.edu RESEARCh InTEREST Industrial Organization peter gottschalk Professor Ph.D., University of Pennsylvania peter.gottschalk@bc.edu RESEARCh InTERESTS Labor Economics Applied Econometrics RECEnT PUBLICATIOnS “Some Evidence on the Importance of Sticky Wages” (with A. Barattieri and S. Basu). American Journal of Macroeconomics 6(1) (2014): 70-101. “Trends in the Transitory Variance of Male Earnings: Methods and Evidence” (with R. Moffitt). Journal of Human Resources 47(1) (2012): 204-36. “Are Earnings Inequality and Mobility Over-stated? The Impact of non-Classical Measurement Error” (with M. hyunh). The Review of Economics and Statistics 92(2) (2010): 302-15. “The Rising Instability of U.S. Earnings” (with R. Moffitt). Journal of Economic Perspectives 23(4) ( 2009): 3-24. michael d. grubb Assistant Professor Ph.D., Stanford University michael.grubb@bc.edu RESEARCh InTERESTS Behavioral Industrial Organization Industrial Organization Applied Microeconomic Theory RECEnT PUBLICATIOnS “Cellular Service Demand: Biased Beliefs, Learning, and Bill Shock” (with M. Osborne). American Economic Review 105(1) (2015): 234-71. “Consumer Inattention and Bill-Shock Regulation.” Review of Economic Studies 82(1) (2015):219-57. “Dynamic nonlinear Pricing: Biased Expectations, Inattention, and Bill Shock.” International Journal of Industrial Organization 30(3) (2012): 287-90. “Selling to Overconfident Consumers.” American Economic Review 99(5) (2009): 1770-1807. stefan hoderlein Associate Professor Ph.D., Bonn University and London School of Economics stefan.hoderlein@bc.edu RESEARCh InTEREST Econometrics RECEnT PUBLICATIOnS “Revealed Preferences in a heterogeneous Population” (with C.J. Stoye). The Review of Economics and Statistics 96(2) (2014): 197-213. “Regressor Dimension Reduction with Economic Constraints: The Example of Demand Systems with Many Goods” (with A. Lewbel). Econometric Theory 28(5) (2012): 1087-120. “nonparametric Identification in nonseparable Panel Data Models with Generalized Fixed Effects” (with h. White). Journal of Econometrics 168(2) (2012): 300–14. “how Many Consumers are Rational.” Journal of Econometrics 164(2) (2011): 294-309. “nonparametric Binary Choice Panel Data Models” (with K,Yu and E. Mammen). Econometrics Journal 14 (2011): 351–67. peter n. ireland Professor Ph.D., University of Chicago peter.ireland@bc.edu RESEARCh InTERESTS Macroeconomics Monetary Economics RECEnT PUBLICATIOnS “The Macroeconomic Effects of Interest on Reserves.” Macroeconomic Dynamics 18 (2014): 1271-312. “Stochastic Growth in the United States and Euro Area,” Journal of the European Economic Association 11 (2013): 1-24. “A new Keynesian Perspective on the Great Recession.” Journal of Money, Credit, and Banking 43 (2011): 31-54. “On The Welfare Cost of Inflation and the Recent Behavior of Money Demand.” American Economic Review 99 (2009): 1040-52. “Productivity and US Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model” (with S. Schuh). Review of Economic Dynamics 11 (2008): 473-92. hideo konishi Professor Ph.D., University of Rochester hideo.konishi@bc.edu RESEARCh InTEREST Applied Microeconomic Theory RECEnT PUBLICATIOnS “Choosing a Licensee from heterogeneous Rivals” (with A.Creane and C.Y. Ko). Games and Economic Behavior 82 (2013): 254-68. “Entrepreneurial Land Developers: Joint Production, Local Externalities and Mixed housing Developments.” Journal of Urban Economics 75 (2013): 68-79. “Profit-Maximizing Matchmaker” (with C.Y. Ko). Games and Economic Behavior 75 (2012): 217-32. “Contributing or Free-Riding? Voluntary Participation in a Public Good Economy” (with T. Furusawa). Theoretical Economics 6(2) (2011): 219-56. “Efficient Mixed Clubs: nonlinear-Pricing Equilibria with Entrepreneurial Managers.” Japanese Economic Review 61 (2010): 35-63, 2010. (2009 JEA nakahara Prize Lecture) marvin kraus Professor Ph.D., University of Minnesota marvin.kraus@bc.edu RESEARCh InTERESTS Urban Economics Transportation Economics RECEnT PUBLICATIOnS “Road Pricing with Optimal Mass Transit.” Journal of Urban Economics 72 (2012): 81-6. “Scale Economies Analysis for Urban highway networks.” In The Economics of Traffic Congestion, ed. E.T. Verhoef. Edward Elgar, 2010. “When Are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?” (with R. Arnott). In The Economics of Traffic Congestion, ed. E.T. Verhoef. Edward Elgar, 2010. Self-Financing of Congestible Facilities in a Growing Economy” (with R. Arnott). In The Economics of Traffic Congestion, ed. E.T. Verhoef. Edward Elgar, 2010. “Economies of Scale in networks” Journal of Urban Economics 64 (2008): 171-77. 5 faculty profiles tzuo law Assistant Professor Ph.D., University of Pennsylvania tzuo.law@bc.edu RESEARCh InTERESTS Macroeconomics Computational Economics Labor Economics RECEnT PUBLICATIOnS “Identifying Equilibrium Models of Labor Market Sorting” (with M. hagedorn and L. Manovskii). NBER Working Papers 18661, national Bureau of Economic Research, Inc., 2012. “Risks, Jumps and Diversification” (with T. Bollerslev and G. Tauchen). Journal of Econometrics 144 (2008): 234-56. “Alteration of Lithium Pharmacology through Manipulation of Phosphoadenosine Phosphate Metabolism” (with B. Spiegelberg, J. dela Cruz and J. York). The Journal of Biological Chemistry 280 (2005): 5400-05. arthur lewbel Professor Ph.D., Massachusetts Institute of Technology arthur.lewbel@bc.edu RESEARCh InTERESTS Econometrics Consumer Demand RECEnT PUBLICATIOnS “Estimating Consumption Economies of Scale, Adult Equivalence Scales, and household Bargaining Power” (with M. Browning and P.-A. Chiappori). Review of Economic Studies 80 (2013): 1267-1303. “Children’s Resources in Collective households: Identification, Estimation and an Application to Child Poverty in Malawi” (with G. Dunbar and K. Pendakur). American Economic Review 103 (2013): 438-71. “Why is Consumption More Log normal Than Income? Gibrat’s Law Revisited” (with E. Battistin and R. Blundell). Journal of Political Economy 117 (2009): 1140-54. “Tricks With hicks: The EASI Demand System” (with K.Pendakur). American Economic Review 99 (2009): 827-63. “Estimation of Average Treatment Effects with Misclassification.” Econometrica 75 (2007): 537-51. ben li Assistant Professor Ph.D., University of Colorado, Boulder ben.li@bc.edu RESEARCh InTERESTS International Economics Urban Economics 6 RECEnT PUBLICATIOnS “The Economics of nationalism” (with X. Lan). American Economic Journal: Economic Policy 7(2) (2015): 294-325. “Shanghai's Trade, China's Growth: Continuity, Recovery, and Change since the Opium War” (with W. Keller andC.h. Shiue). IMF Economic Review 61 (2013): 336-78. “Multinational Production and Choice of Technologies.” Economics Letters 108(2)(2010): 181-83. “Geographic Concentration and Vertical Disintegration: Evidence from China” (with Y. Liu). Journal of Urban Economics 65(3) (2009): 294-304. francis m. mclaughlin Associate Professor Emeritus Ph.D., Massachusetts Institute of Technology francis.mclaughlin@bc.edu RESEARCh InTEREST Labor Economics RECEnT PUBLICATIOnS “Communicating with Economists” Lonergan Workshop 25 (2013). “John Rogers Commons: Are his Insights Important in Teaching Modern Labor Economics?” Lonergan Workshop 24 (2012). “A Reflection on the Discipline of Economics and Catholic Social Teaching on the Economy.” Theoforum 43 (1-2) (2012): 35-45. “Economics and Religion.” In The World Market and Interreligious Dialogue, eds. C. Corneille and G. Willis. Cascade Books, 2011. “Reflections on Bernard Lonergan’s Macro Theory, Catholic Social Teaching, and Ethics.” Lonergan Workshop 26 (2014). julie holland mortimer Associate Professor Ph.D., University of California, Los Angeles julie.mortimer.2@bc.edu RESEARCh InTEREST Industrial Organization RECEnT PUBLICATIOnS “Demand Estimation Under Incomplete Product Availability” (with C. Conlon). American Economic Journal-Microeconomics 5(4) (2013): 1-30. “Analyzing the Welfare Impacts of Full-line Forcing Contracts” (with J. ho and K. ho). Journal of Industrial Economics 60(3) (2012): 468-98. “The Use of Full-line Forcing Contracts in the Video Rental Industry” (with J. ho and K. ho). American Economic Review 102(2) (2012): 686-719. “Supply Responses to Digital Distribution: Recorded Music and Live Performances” (with C. nosko and A. Sorensen). Information Economics and Policy 24(1) (2012): 3-14. “Demand Estimation with Availability Variation” (with W. hickman). In The Handbook of Retail and Distribution Economics, ed. E. Basker. Edward Elgar, forthcoming. robert murphy Associate Professor Ph.D., Massachusetts Institute of Technology robert.murphy@bc.edu RESEARCh InTERESTS Macroeconomics International Economics RECEnT PUBLICATIOnS “Explaining Inflation in the Aftermath of the Great Recession” Journal of Macroeconomics 40 (2014): 228-44. “Instructor’s Resources” to accompany Macroeconomics by n.G. Mankiw. Worth Publishers 2003, 2007, 2010, 2013, 2015. “Instructor’s Resources” to accompany Macroeconomics and the Financial System by n.G.Mankiw and L.Ball. Worth Publishers, 2011. jaromir nosal Assistant Professor Ph.D., University of Minnesota jaromir.nosal@bc.edu RECEnT PUBLICATIOnS “The Female Labor Force and Long-run Development: The American Experience in Comparative Perspective.” In Human Capital in History: The American Record, eds. L. Platt Boustan, C. Frydman and R.A. Margo. University of Chicago Press, 2014. “Gender Gaps Across Countries and Skills: Supply, Demand and the Industry Structure” (with B. Petrongolo). Review of Economic Dynamics 17(4) (2014): 842-59. “Maternal health and the Baby Boom” (with S. Albanesi). Quantitative Economics 5(2) (2014): 225-69. “Breaking the net: Family Structure and Street-Connected Children in Zambia” (with F. Strobbe and M. Jacobson). Journal of Development Studies 1 (19) (2012). “home Production, Market Production, and the Gender Wage Gap: Incentives and Expectations” (with S. Albanesi). Review of Economic Dynamics 12(1) (2009): 80-107. “Unequal Pay or Unequal Employment? A Cross-Country Analysis of Gender Gaps” (with B. Petrongolo). Journal of Labor Economics 26(4) (2008): 621-54. harold petersen Associate Professor Ph.D., Brown University RESEARCh InTERESTS International Macroeconomics Macroeconomics RECEnT PUBLICATIOnS “Understanding International Prices: Customers as Capital” (with L.A. Drozd). American Economic Review 102(1) (2012): 364-95. anant nyshadram petersen@bc.edu RESEARCh InTERESTS Capital Theory Finance and Statistics joseph quinn Professor Ph.D., Massachusetts Institute of Technology joseph.quinn@bc.edu Assistant Professor Ph.D., Yale University anat.nyshadram@bc.edu RESEARCh InTERESTS Development Economics RECEnT PUBLICATIOnS “Endowments at Birth and Parents’ Investments in Children” (with A. Adhvaryu). The Economic Journal, forthcoming. “Returns to Treatment in the Formal health Care Sector: Evidence from Tanzania” (with A. Adhvaryu). American Economic Journal: Economic Policy 7(3) (2015). claudia olivetti Professor Ph.D. University of Pennsylvania claudia.olivetti@bc.edu RESEARCh InTERESTS Labor Family Economics Macroeconomics RESEARCh InTERESTS Microeconomics Public Policy Economics of Aging RECEnT PUBLICATIOnS Evolving Patterns of Work and Retirement” (with K. Cahill and M. Giandrea). In The Handbook of Aging and the Social Sciences, 8th edition, eds. L. George and K. Ferraro. Academic Press, 2015. “Retirement Patterns and the Macroeconomy, 1992-2010: The Prevalence and Determinants of Bridge Jobs, Phased Retirement, and Re-entry among Different Cohorts of Older Americans” (with K. Cahill and M. Giandrea) Gerontologist (2015). “Bridge Jobs” (with K. Cahill and M. Giandrea). In The Oxford Handbook of Retirement, ed. M. Wang. Oxford University Press, 2013. “Older Workers and Short-term Jobs: Employment Patterns and Determinants” (with K. Cahill and M. Giandrea), Monthly Labor Review 135(5) (2012). “Reentering the Labor Force after Retirement” (with K. Cahill and M. Giandrea). Monthly Labor Review 134(6) (2011). 7 faculty profiles fabio schiantarelli Professor Ph.D., London School of Economics fabio.schiantarelli@bc.edu RESEARCh InTERESTS Macroeconomics Applied Econometrics RECEnT PUBLICATIOnS “Culture, Policies and Labor Market Outcomes” (with F. Giavazzi and M. Serafinelli). Journal of the European Economic Association 11(6) (2013): 1256-89. “Employment Effects of Product and Labor Market Reforms; Are There Synergies?” (with G. Fiori, G. nicoletti and S. Scarpetta). The Economic Journal 122(558) (2012): F79-F104. Input and Output Inventories in General Equilibrium” (with M. Iacoviello andS. Schuh). International Economic Review 52(4) (2011): 1179-1213. “Capital Accumulation and Growth: A new Look at the Empirical Evidence” (with S. Bond and A. Leblebicioglu). Journal of Applied Econometrics 5(7) (2010): 1073-99. “Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence.” In The Micro-economic Underpinning of Growth, eds. n. Loayza and L. Serven. The World Bank, 2010. uzi segal Professor Ph.D., Hebrew University uzi.segal@bc.edu RESEARCh InTERESTS Decision Theory Social Choice RECEnT PUBLICATIOnS “Recursive Ambiguity and Machina’s Examples” (with D. Dillenberger). International EconomicReview 56 (2015): 55-61. “Transitive Regret Over Statistically Independent Lotteries” (with S. Bikhchandani). Journal of Economic Theory 152 (2014): 237-48. “Utilitarianism and Discrimination" (with A. harel). Social Choice & Welfare 42 (2014): 367-80. “On the Likelihood of Cyclic Comparisons” (with A. Rubinstein). Journal of Economic Theory 147 (2012):2483-91. “Calibration Results for non-Expected Utility Theories” (with Z. Safra). Econometrica 76 (2008): 1143-66. dongho song Assistant Professor Ph.D., University of Pennsylvania RESEARCh InTERESTS Empirical Asset Pricing Time-Series Bayesian Econometrics Macroeconomics 8 RECEnT PUBLICATIOnS “Improving GDP Measurement: A Measurement-Error Perspective” (with S.B. Aruoba, F. Diebold, J. nalewaik and F. Schorfheide). Journal of Econometrics, forthcoming. “Real-time Forecasting with a Mixed-Frequency VAR” (with F. Schorfheide). Journal of Business and Economic Statisticcs, forthcoming. “Improving U.S. GDP Measurement: A Forecast Combination Perspective” (with S.B. Aruoba, F. Diebold, J. nalewaik and F. Schorfheide). In Causality, Prediction, and Specification Analysis: Recent Advances and Future Directions–Essays in Honor of Halbert White Jr., eds. X. Chen and n. Swanson, 1-25. Springer Verlag, 2013. tayfun sönmez Professor Ph.D., University of Rochester sonmezt@bc.edu RESEARCh InTERESTS Microeconomic Theory Theory and Practice of Matching Market Design RECEnT PUBLICATIOnS “Altruistically Unbalanced Kidney Exchange” (with U. Ünver). Journal of Economic Theory, forthcoming, 2014. “Matching with Contracts: Comment,” with Orhan Aygun, American Economic Review, 103(5) (2013): 2050-51. “School Admissions Reform in Chicago and England: Comparing Mechanisms by Their Vulnerability to Manipulation” (with P. Pathak). American Economic Review, 103(1) (2013): 80-106. “Bidding for Army Career Specialties: Improving the ROTC Branching Mechanism.” Journal of Political Economy 121(1) (2013): 186-219. “Matching with (Branch-of-Choice) Contracts at the United States Military Academy” (with T. Switzer). Econometrica, 81(2) (2013): 451-88. richard l. sweeney Assistant Professor Ph.D., Harvard University richard.sweeney@bc.edu RESEARCh InTERESTS Environmental Economics Energy Policy Industrial Organization Applied Microeconomics RECEnT PUBLICATIOnS “The SO2 Allowance Trading System and the Clean Air Act Amendments of 1990: Reflections on 20 Years of Policy Innovation” (with G. Chan, R. Stavins and R. Stowe). National Tax Journal 62(2) (2012). “The Incidence of U.S. Climate Policy: Alternative Uses of Revenues from a Cap-and-Trade Auction” (with D. Burtraw and M. Walls). National Tax Journal 62(3) (2009). “Property Rights Created Under a Federalist Approach to Tradable Emissions Policy” (with D. Burtraw). In Property Rights and Land Policies, ed. G. Ingram and Y.-h. hong. Lincoln Institute of Land Policy, 2009. “Crafting a Fair and Equitable Climate Policy: A Closer Look at the Options” (with D. Burtraw and M. Walls). Resources 170 (2008). rosen valchev richard w. tresch mathis.wagner@bc.edu Professor RESEARCh InTERESTS Labor Economics Public Economics Ph.D., Massachusetts Institute of Technology richard.tresch@bc.edu RESEARCh InTEREST Fiscal Economics RECEnT PUBLICATIOnS Public Finance: A Normative Theory, 3rd edition. Academic Press, 2014. Public Sector Economics. Palgrave-Macmillan, 2008. m. utku unver Professor Ph.D., University of Pittsburgh utku.unver@bc.edu RESEARCh InTERESTS Microeconomic Theory Mechanism and Market Design RECEnT PUBLICATIOnS “Altruistically Unbalanced Kidney Exchange” (with T. Sönmez). Journal of Economic Theory 152 (2014): 105-29. “Two Axiomatic Approaches to the Probabilistic Serial Mechanism” (with T. hashimoto, D. hirata, O. Kesten and M. Kurino). Theoretical Economics 9 (2014): 253-77. “Market Design for Kidney Exchange” (with T. Sönmez). In The Handbook of Market Design, eds. Z. neeman, M. niederle, A.E. Roth and n. Vulkan. Oxford University Press, 2013. “The ‘Boston’ School-Choice Mechanism: An Axiomatic Approach” (with F. Kojima). Economic Theory 55(3) (2013): 515-44. “Dynamic Kidney Exchange.” Review of Economic Studies 77(1) (2010): 372- 414. Assistant Professor Ph.D., Duke University rosen.valchev@bc.edu RESEARCh InTERESTS Macroeconomics International Finance and Economics Financial Economics Open Economy Macroeconomics mathis wagner Assistant Professor Ph.D., University of Chicago RECEnT PUBLICATIOnS So You Want To Run An Experiment, now What? Some Simple Rules of Thumb for Optimal Experimental Design” (with J. List and S. Sadoff). Experimental Economics 14 (4) (2010): 439-57. zhijie xiao Professor Ph.D., Yale University zhijie.xiao@bc.edu RESEARCh InTERESTS Econometrics Empirical Finance RECEnT PUBLICATIOnS “A nonparametric Test for Moment Stability” (with T. Juhl). Econometric Theory 29(1) (2013): 90-114. “Estimation of and Inference about the Expected Shortfall for Time Series with Infinite Variance” (with O. Linton). Econometric Theory 29(3) (2013). “Testing Equality of Distributions Using neyman’s Smooth Test” (with A. Bera and A. Ghosh). Econometric Theory 29(2) (2013): 419-46. “Right Tail Information in Financial Markets.” Econometric Theory 30(1) (2014): 94-126. “Unit Roots: A Selective Review of the Contributions of Peter C.B. Phillips.” Econometric Theory 30(4) (2014): 775-814. 9 editorial positions courses M T embers of the Economics Department hold editorial board positions on many of the profession’s leading journals and are fellows of the Econometric Society. he combined and varied interests of the faculty, as indicated in the faculty profiles, ensure that the department offers a wide range of graduate course electives. While the number and content of the graduate electives varies from year to year, the following courses are illustrative of the range offered. James anderson Marvin kraus Associate Editor, Review of International Economics Editorial Board, Economics of Transportation christopher f. Baum arthur lewbel Math for economists Ireland Associate Editor, Computational Economics Co-Editor, Econometric Theory Microeconomic Theory I kraus Associate Editor, International Journal of Computational Economics and Econometrics Fellow, Econometric Society Associate Editor, Stata Journal Editor, Journal of Statistical Software sanjay chugh Associate Editor, Journal of Money, Credit, and Banking fall 2015 konishi Macroeconomic Theory I schiantarelli Julie Mortimer statistics xiao Co-Editor, International Journal of Industrial Organization economics practicum Tresch advanced Microeconomic Theory sonmez Modern decision Theory segal uzi segal Time series econometrics xiao Associate Editor, Journal of Risk and Uncertainty economic development fulford Associate Editor, Theoretical Economics Industrial organization I Mortimer Monetary economics I chugh Michael grubb Fellow, Econometric Society Monetary economics II schiantarelli Associate Editor, Journal of Industrial Economics current Topics in labor economics law Tayfun sonmez Theory of International Trade li International finance I valchev Fellow, Econometric Society stefan hoderlein Associate Editor, Econometric Theory Associate Editor, Econometrics Journal peter Ireland Editorial Board, Economic Inquiry utku Ünver Associate Editor, Theoretical Economics Associate Editor, Journal of Mathematical Economics Associate Editor, Review of Economic Design sprIng 2016 Microeconomic Theory II segal unver Macroeconomic Theory II Basu econometric Methods lewbel econometric practicum Tresch Baum Advisory Editor, Journal of Economic Dynamics and Control Editorial Zhijie xiao Associate Editor, Econometric Theory applied econometrics Topics in econometric Theory dept. Advisory Board, Journal of Economic Studies Associate Editor, Economics Bulletin Topics in developmental economics anukriti Industrial organization II grubb Associate Editor, Journal of Money, Credit, and Banking Associate Editor, Statistics and Its Interface advanced Macro: computation, estimation and applications chahrour hideo konishi Associate Editor, Journal of Time Series Econometrics economic development fulford International finance II nosal analysis of labor Markets olivetti Associate Editor, Regional Science and Urban Economics empirical Methods in Macroeconomics and finance song Associate Editor, Economics Bulletin financial economics song Topics in International economic policy anderson Associate Editor, Social Choice and Welfare Associate Editor, Journal of Public Economic Theory 10 outcomes Recent Ph.D. Dissertations 2015 2014 Samson Alva, “essays on Matching Theory and networks” Orhan Aygun, “Three essays on Matching with contracts” Anna Blank, “Two essays on the long-term consequences of the eITc program” Inacio Bo, “essays in Matching Theory and Mechanism design” Kyle Buika, “essays in applied Microeconomics” Tamas Briglevics, “essays on Money and credit” Brent Bundick, “Monetary policy and the great recession” Jinghan Cai, “essays in financial economics” Stacey Chan, “unintended policy effects and Youth crime” Jing-Young Choi, “Two-stage semiparametric estimators for limited dependent variables and Its applications” Mikhail Dmitriev, “essays in lnternational Macroeconomics” Filippo DeMarco, “Banks, sovereign debt and capital requirements” Francis Georges, “Two essays in applied Microeconomics” Zhaochen He, “on the existence of a Behavioral component to the Business cycle” Jonathan Hoddenbagh, “essays in International Macroeconomics and finance” Shoghik Hovhannisyan, “growth Implications of Immigration: evidence from u.s. Industries” and “emigration by educational attainment and growth: crosscountry evidence ” Junghyun Kwon, “essays in health and labor economics” Lucrezio Figurelli, “essays on pricing and consumer demand in the retail sector” Devlin Hanson, “Two essays on the Interaction Between Marriage and policy” Taesu Kang, “essays in Macroeconomics with frictions and uncertainty shocks” Murat Mungan, “optimal procedures in criminal law: five essays” Farooq Pasha, “essays on Business cycles in developing countries” Shannon Phillips, “essays on hIv, Marriage and education in sub saharan africa” Radoslav Raykov, “essays in applied Microeconomic Theory” Luigi Pascali, “essays in growth, development and International Trade” Hongtao Zhou, “Three essays in financial economics” Geoffrey Sanzenbacher, “essays in labor economics” Chuanqi Zhu, “essays on Macroeconometrics” Caglar Yurtseven, “Theoretical and empirical essays on strategic Behavior in various Industries” 2012 Alessandro Barattieri, “essays in International economics and Macroeconomics” Isabella Blengini, “essays in International economics” Tatiana Farina, “essays in consumer Behavior” Chuanliang Jiang, “Three essays in finance economics” Aaron Fix, “essays in Industrial organization” Federico Mantovanelli, “essays in development economics” Chiu Yu Ko, “Theory of Menu auction and applications” John O'Trakoun, “essays on conflict, corruption, and International Trade politics” Madhavi Pundit, “essays on Business cycle Models” 2013 Kwok Ho Chan, “essays on family economics” Xiaoping Chen, “a Teamproduction approach to wages, employment and Trade” Marco Macchiavelli, “essays in Macroeconomics and finance” Tuan Dao, “Two essays on International asset Markets and Macroeconomic dynamics” Chen-Yu Pan, “essays on public economics and political economy” Massimo Giovannini, “essays on credit frictions and Incomplete Markets” Bertan Turhan, “essays in Market design” Marketa Halova, “essays on International asset portfolios and commodities Trade” Isaiah Hull, “essays in computational Macroeconomics and finance” Meghan Skira, “essays on Informal care, labor supply and wages” Dessislava Slavtcheva, “financial development, exchange rate regimes, and productivity growth” 2011 Matteo Cacciatore, “The Macroeconomics of International Trade, regulation, and labor Markets” 2010 Giuseppe Fiori, “essays on Investment, regulation and labor Market frictions” Elizaveta Shevyakhova, “Two essays in economics” Nicholas Sim, “Modeling quantile dependence” Olga Sorokina, “essays in credit constraints and education” Vitaliy Strohush, “aggregate shocks, Idiosyncratic shocks and global Imbalances” Wei Sun, “Three essays on the economic decisions faced by elderly households” Hi Lin Tan, “essays in network economics and game Theory” Pinar Uysal, “essays in Macroeconomics” Chi Wan, “essays in financial economics” Megan Way, “essays in Intergenerational Transfers” Wataru Hirata, “financial Market Imperfections and aggregate fluctuations” Sisi Zhang, “essays in Income volatility and household Behavior” Nadezhda Karamcheva, “essays on private pensions and workers’ savings Behavior” Andrei Zlate, “essays on offshore production, labor Migration and the Macroeconomy” 11 outcomes Recent Placements university, singapore university of scranton national university of singapore university of sheffield acadeMIc placeMenTs north carolina state university australian national university university of Texas, san antonio northeastern university university of York northwestern university washington state university oregon state university wayne state university pompeu fabra university wellesley college paul smith’s college renmin university wissenschaftszentrum Berlin Beijing sabançi university wuhan university Babson college Bahçeşehir university, Istanbul Bilkent university Bocconi university Bogazici university Brandeis university california state university, fullerton calvin college carleton university central university of finance and economics, china university of Tennessee shandong university simmons college american Medical association suffolk university acumen, llc sunY albany The analysis group Bank of canada national Bank of hungary national Institute of public finance and policy, new delhi Bank of spain Tilburg university Board of governors of the federal reserve system elon university ToBB economics and Technology university, Turkey florida state university Trent university florida state university law school university of adelaide hec Montreal Insper– centro de pesquisas koç Insper, centro de pesquisas university Instituto Tecnológico autónomo de México (ITaM) Bank of Italy The Brattle group university of alicante center for naval analysis center for retirement research university of Bristol charles river associates university college dublin chase Manhattan university of delaware citizens Bank university of durham congressional Budget office university of frankfurt, germany university of georgia university of glasgow consortium on financing higher education deloitte & Touche dIw Berlin Johns hopkins university’s school of advanced International studies university of International Business and economics, Beijing lewis and clark college university of lausanne ers group london school of economics university of leicester european central Bank university of liverpool european Investment Bank louisiana Tech university loyola college in Baltimore university of new south wales federal reserve Bank of atlanta Mount holyoke college university of padova nanyang Technological university of quebec federal reserve Bank of Boston 12 korean development Institute liberty Mutual group Temple university gettysburg college IpMaq International abt associates Bank of england fordham university health economics International Monetary fund southwestern university of finance and economics, china sun Yat-sen university, china drexel university harvard kennedy school of government law and economics consulting group stonehill college clark university davidson college goldman sachs kpMg peat Marwick sunY plattsburgh concordia university federal reserve, Board of governors nonacadeMIc placeMenTs claremont Mckenna college college of william and Mary federal reserve Bank of kansas city energy Institute, university of houston office of the comptroller of the currency putnam, hayes, and Bartlett reserve Bank of australia student loan Marketing agency united nations u.s. Bureau of labor statistics u.s. department of Treasury u.s. government accountability office, International affairs and Trade group u.s. social security administration sveriges riksbank urban Institute vietnam program workers compensation research Institute The world Bank Scholarly Publications Our recent graduates have been successful in terms of scholarly output. Their papers have appeared in the following journals: American Economic Review Applied Economics Letters Canadian Journal of Economics Contributions to Macroeconomics Economics Letters Empirica Energy Economics Environmental Modelling and Software Games and Economic Behavior International Economic Review Journal of Applied Econometrics Journal of Business and Economic Statistics Journal of Comparative Economics Journal of Economic Dynamics and Control Journal of Economic Literature Journal of Finance Journal of Financial Risk Management Journal of International Economics Journal of Money, Credit and Banking Journal of Political Economy Quarterly Journal of Economics Review of Economics and Statistics Review of International Economics Southern Economic Journal 13 morrissey college of arts & sciences T he oldest and largest of the University’s eight schools and colleges, the Morrissey College of Arts and Sciences offers graduate programs in the humanities, social sciences and natural sciences, leading to the degrees of Doctor of Philosophy, Master of Arts and Master of Science. In addition, numerous dual-degree options are offered in cooperation with the Carroll School of Management, the Boston College Law School, the Lynch School of Education and the Graduate School of Social Work. With approximately 1,000 students and 400 fulltime faculty, the Graduate School is small enough to know you as a person, but large enough to serve you and prepare you for a rewarding life and satisfying career. Research Facilities Graduate students in the Department of Economics are given accounts on one of the Unix servers managed by the department, which provides support for computationally intensive applications such as Stata, MATLAB, Ox and RATS as well as the Fortran-90, C, C++ and perl programming languages. The department also participates in the University’s high Performance Computing initiative, which provides a powerful multiprocessor facility for computationally demanding faculty and student research. Graduate students in economics may utilize the department’s Apple Macintosh OS X workstations, a dozen of which are located in departmental facilities dedicated to graduate student use. These Intel-based Unix workstations run Mathematica, MATLAB, Stata, TeXShop and Microsoft Office applications and provide access to Internet resources. Several locations in the computing labs and graduate lounge are equipped with Internet connections for students’ laptops, and the entire campus supports WiFi via the Eduroam network. Online access to many economic and financial databases is provided through WRDS (Wharton Research Data Services). Boston College is a member of the InterUniversity Consortium for Political and Social Research (ICPSR), which makes a number of large economic databases available without charge. Boston College also participates in the JSTOR project, providing online access to the entire run of leading economics journals. The department plays a prominent role in the RePEc (Research Papers in Economics) initiative, which provides free access to working papers, journal citations and software and contact information. The Boston College Working Papers in Economics are downloadable and searchable via RePEc’s user services at repec.org. Seminars and Workshops Department faculty organize an active seminar series in microeconomic theory, macroeconomics and financial economics, and econometrics/applied microeconomics with weekly presentations by noted economists. Students also present their work in the department’s weekly Thesis Workshop. The schedule is posted on the department’s home page at bc.edu/economics. Boston Area Consortium The Boston Area Consortium allows graduate students to cross-register for courses at Boston University, Brandeis University and Tufts University. Boston College Libraries The University is home to eight libraries, containing 2.87 million volumes; more than 700 manuscript collections, including music, photos, art and artifacts; 440,000 e-books; and more than 600 electronic databases. O’neill Library, Boston College’s main library, offers subject-specialist librarians to help with research, to set up alerts to new publications in areas of interest and to answer research- and library-related questions. The Boston Library Consortium The Boston Library Consortium allows Boston College students access to millions of volumes and other services at 19 area institutions in addition to the world-class resources available through the Boston College Library System. 14 student life & campus resources B oston College is located on the edge of one of the world’s most vibrant cities. Just six miles from downtown Boston—an exciting and dynamic place to live and learn—Boston College is an easy car or “T” ride away from a booming center for trade, finance, research and education. home to some of new England’s most prestigious cultural landmarks, including the Museum of Fine Arts, the Isabella Stewart Gardner Museum, Boston Symphony hall and the Freedom Trail, Boston provides a rich environment for those passionate about art, music and history. For sports fans, Boston hosts a number of the country’s greatest sports teams: the Celtics, Patriots, Bruins and, of course, Fenway Park’s beloved Red Sox. Found within a short drive from Boston are some of new England’s best recreational sites, from the excellent skiing in new hampshire to the pristine beaches of Cape Cod. Boston also offers a wide range of family-friendly attractions, including the Children’s Museum, new England Aquarium, Franklin Park Zoo and the Museum of Science. There are roughly 50 universities located in the Boston area, and the large student population adds to the city’s intellectually rich and diverse community. Events, lectures and reading groups hosted by worldrenowned scholars abound on area campuses, providing abundant opportunities to meet and network with other graduate students and faculty throughout the Boston area. The University Boston College is a Jesuit university with more than 14,000 students, 758 full-time faculty and more than 165,000 active alumni. Since its founding in 1863, the University has known extraordinary growth and change. From its beginnings as a small Jesuit college intended to provide higher education for Boston’s largely immigrant Catholic population, Boston College has grown into a national institution of higher learning that is consistently ranked among the top universities in the nation: Boston College is ranked 31st among national universities by U.S. News & World Report. Today, Boston College attracts scholars from all 50 states and over 80 countries, and confers more than 4,000 degrees annually in more than 50 fields through its eight schools and colleges. Its faculty members are committed to both teaching and research and have set new marks for research grants in each of the last 10 years. The University is committed to academic excellence. As part of its most recent strategic plan, Boston College is in the process of adding 100 new faculty positions, expanding faculty and graduate research, increasing student financial aid and widening opportunities in key undergraduate and graduate programs. The University is comprised of the following colleges and schools: Morrissey College of Arts and Sciences, Carroll School of Management, Connell School of nursing, Lynch School of Education, Woods College of Advancing Studies, Boston College Law School, Graduate School of Social Work and School of Theology and Ministry. General Resources housIng While on-campus housing is not available for graduate students, most choose to live in nearby apartments. The Office of Residential Life maintains an extensive database with available rental listings, roommates and helpful local real estate agents. The best time to look for fall semester housing is June through the end of August. For spring semester housing, the best time to look is late november through the beginning of the second semester. Additionally, some graduate students may live on campus as resident assistants. Interested students should contact the Office of Residential Life. 15 student life & campus resources John courTneY MurraY, s.J., graduaTe sTudenT cenTer One of only a handful of graduate student centers around the country, the Murray Graduate Student Center is dedicated to the support and enrichment of graduate student life at Boston College. Its primary purpose is to build a sense of community among the entire graduate student population and cultivate a sense of belonging to the University as a whole. Its amenities include study rooms, a computer lab, two smart televisions, kitchen, deck and patio space, complimentary coffee and tea, and more. Throughout the year, the center hosts programs organized by the Office of Graduate Student Life and graduate student groups. The Murray Graduate Student Center also maintains an active job board (available electronically), listing academic and non-academic opportunities for employment both on and off campus. provides class visits and teaching consultations, upon request. Through these and other activities, the Connors Family Learning Center plays an important role in enhancing the quality of academic life at Boston College. flYnn recreaTIon coMplex The 144,000-square-foot Flynn Recreation Complex houses a running track; tennis, basketball, volleyball, squash and racquetball courts; an aquatics center with pool and dive well; saunas and more. Its 10,000-squarefoot Fitness Center offers over 100 pieces of cardio equipment, a full complement of strength training equipment and free weights, an air-conditioned spin studio and three air-conditioned group fitness studios. During the academic year, BC Rec holds more than 80 group fitness classes per week in a variety of disciplines, including Zumba, spin, yoga, strength training, Pilates and more. McMullen MuseuM of arT Serving as a dynamic educational resource for the national and international community, the McMullen Museum of Art showcases interdisciplinary exhibitions that ask innovative questions and break new ground in the display and scholarship of the works on view. The McMullen regularly offers exhibition-related programs, including musical and theatrical performances, films, gallery talks, symposia, lectures, readings and receptions that draw students, faculty, alumni and friends together for stimulating dialogue. Located on the main campus, the McMullen Museum is free to all visitors. connors faMIlY learnIng cenTer Working closely with the Graduate School, the Connors Family Learning Center sponsors seminars, workshops and discussions for graduate teaching assistants and teaching fellows on strategies for improving teaching effectiveness and student learning. Each fall, the Learning Center and the Graduate School hold a oneand-a-half day “Fall Teaching Orientation” workshop designed to help students prepare for teaching. The center also hosts ongoing seminars on college teaching, higher learning and academic life; assists graduate students in developing teaching portfolios; and 16 BosTon college career cenTer The Boston College Career Center works with graduate students at each step of their career development. Services include self-assessment, career counseling, various career development workshops, resume and cover letter critiques, and practice interviews. In addition to extensive workshop offerings, Career Center staff members are available throughout the year for oneon-one advising about any aspect of the career path. The Career Resource Library offers a wealth of resources, including books, periodicals and online databases. admission & financial information Admission Requirements The application deadline for fall admission is January 2. Please visit bc.edu/gsas for detailed information on how to apply. application requirements include: Application Form: submitted online, via the gsas website. Application Fee: $75, non-refundable. Abstract of Courses Form: a concise overview of background and related courses completed in an intended field or proposed area of study. Official Transcripts: demonstrating coursework completed/degree conferral from all post-secondary institutions attended. GRE General Test: official score report required for all applicants. Three Letters of Recommendation: from professors or supervisors. It is highly advisable that at least one letter be from an academic source. Statement of Purpose: a brief (1-2 page) discussion of an applicant’s preparation, motivation and goals for his/her proposed course of study. Proof of English Proficiency (International only) official Toefl/IelTs score reports accepted. Financial Assistance deparTMenT fundIng The Economics Department annually awards approximately 30 graduate assistantships to first- and second-year Ph.D. students, and 20 teaching positions to third-, fourth- and fifth-year students. Graduate assistants are exempted from tuition and receive stipends of $20,500. Assistants are responsible for up to 10 hours per week of research assistance or grading for individual faculty members while carrying full academic loads. Teaching assistants are paid $21,000 and supervise discussion sessions in introductory undergraduate courses and undergraduate econometrics. Teaching fellows receive $21,500 for teaching their own sections of introductory undergraduate courses. In addition, teaching assistants and teaching fellows are exempted from the University’s doctoral continuation fee. An appointment as a teaching assistant or teaching fellow requires fluency in English. Students who enter the program with a financial award can expect continued assistance through five years of study, provided their work in the program is satisfactory. Satisfactory performance is generally defined as a B+ average in course work and appropriate progress toward the degree. federal fInancIal aId Graduate students can apply for federal financial aid using the FAFSA. The loans that may be available to graduate students are the Federal Direct Unsubsidized Stafford Loan and Perkins Loan, based on eligibility. If additional funds are needed, student may apply for a Grad Plus Loan. For more information, see the Graduate Financial Aid website at bc.edu/gradaid or contact the Graduate Financial Aid Office at 617-552-3300 or 800-294-0294. offIce of sponsored prograMs The Office of Sponsored Programs (OSP) assists both faculty and graduate students in finding sources of external funding for their projects and provides advice in the development of proposals. OSP maintains a reference library of publications from both public and private sectors listing funding sources for sponsored projects. In the recent past, graduate students have received research support from prominent agencies, corporations and organizations such as the Fulbright Commission, the Guggenheim Foundation, the national Science Foundation, the American Political Science Association, the American Chemical Society and the American Association of University Women. 17 header boston college morrissey college of arts and sciences Department of Economics Maloney Hall 140 Commonwealth Avenue Chestnut Hill, MA 02467 617-552-3683 bc.edu/economics 18