Curriculum

The doctoral program in Financial Economics is divided into three stages: core preparation, advanced specialization, and dissertation. All graduate students must have the approval of the Graduate Coordinator for the courses that they take. The current UNO catalog may be downloaded on the Registrar's website.
 
Students may be allowed to start taking graduate courses before completing certain foundation courses. The intermediate economics courses may be taken concurrently with the graduate theory courses. Money and Banking must be taken before taking ECON 6221, or FIN 6321. Principles of Financial Management (FIN 3300), Calculus and Statistics are prerequisites to all graduate courses in the program. Prospective candidates for the Ph.D. degree in Financial Economics should be advised that mathematical modeling is used heavily in the field. Indeed, it is virtually impossible to read any current major journal ( much less contribute one’s own research to them) without considerable training in modeling methods. Those entering doctoral study without command of calculus will be judged deficient. More than one semester in calculus is recommended.

The successful completion of the Ph.D. program is carried out in three stages:

  1. Core courses that culminate in a Qualifying Exam
  2. Two specialized fields with a corresponding General Exam
  3. A dissertation and its Oral Defense.

The Graduate Coordinator, in cooperation with members of the Departmental Graduate Studies Committee, will advise students through the course requirements of the curriculum. Entering students will be required to complete a common body of knowledge of core courses.

The Ph.D. Qualifying Examination

The initial stage of the program consists of the successful completion of the ten core courses and the Ph.D. Qualifying Examination. This exam consists of two parts: Economics and Finance. The Economics Section concentrates on the material covered in ECON 6203 and 6204. The Finance Section concentrates on the material covered in FIN 6311 and 6312. The Qualifying Examinations are offered during the week prior to the Fall and Spring Semesters (i.e., Registration Week). A committee appointed for that purpose by the Graduate Studies Committee administers these exams.

The Advanced Specialization Fields

In the second stage of the doctoral program the student is required to complete two tracks of specialization, each consisting of two advanced graduate courses. The Department offers tracks in International Financial Economics, Monetary Theory and Financial Institutions, Investments, Corporate Finance, and an Interdisciplinary Field.