Working on research with me at Boston University
At BU, you have an excellent opportunity to acquire the type of broad and deep training that modern macroeconomics requires. Investing in this training will enable you to undertake high quality research.
If you want to work with me on second year paper research, then you need to take the two tools courses marked with an asterisk and two other courses listed under Macroeconomics Field Courses below by the end of the second year.
If you want to do dissertation research with me, then you need to complete all six courses by the end of the third year.
If you seek to work with me, all courses must be passed with a grade of B+ or higher. Grades in second year courses are signals about the quality of the match between the student and the field. I interpret course grades using a variant of the Perron coding system, as described here.
Macroeconomics field courses (with instructors during 2007-2008)
GRS EC 741 Topics in Macroeconomics and Monetary Theory (Fall: King, Gourio)
GRS EC 742 Applied Macroeconomics (Spring: Gilchrist, Chamley)
* GRS EC 744 Economic Dynamics (Spring: Miao)
GRS EC 745 Macroeconomics and Financial Markets (Fall: Verdelhan)
Other required courses (with instructors during 2007-2008)
GRS EC 792: International Finance (Spring: Baxter)
* GRS EC 712: Time Series Econometrics (Fall: Perron)
All students working with me will regularly attend: (i) the macroeconomics seminar featuring internal and external speakers (meeting on Tuesdays from 12:30-2:00); (ii) the macroeconomics graduate student research workshop (meeting on Thursdays from 3:30-4:30); and (iii) the reading and presentation group that I organize each summer and semester.
All second year students are strongly encouraged to attend both the macroeconomics seminar and the graduate student research workshop.
Macroeconomics course requirements in the context of the PhD program
I understand that these course requirements will place substantial coursework demands on students. However, the courses listed above also are designed to help you begin research work during the second year, including: replication projects, computational projects, referee reports and research paper proposals.
I anticipate that this set of course requirements will lead most students working with me to have a field in macroeconomics plus a field in econometrics or international economics. However, I am also open to working with students with the second field in other areas: if the above requirements conflict with your desired pattern of courses, please see me to discuss a modified program. Over the years, in addition to the fields above, I have supervised students with fields in accounting, development, economic history, finance, economic theory and public finance
Please also see me if faculty leave makes it impossible to take a course during a particular year.
My understanding is that the relevant part of the teaching matrix for the coming year is shown below (the required tools courses are highlighted in red).
Along with the required econometrics course, this would lead students to take four courses in the Fall..For example, a student taking an international economics field would probably find it efficient to take courses as follows.
This student then would have to take EC745 in the fall of the third year.
A student taking a field in econometrics could complete the necessary coursework in the second year, but would need to take four courses each term..