First Year

Pre-Semester: Mathematics and Statistics

Winter semester: Advanced Marketing 1 (8 CP), Advanced Econometrics 1 (8 CP), Advanced Microeconomic Theory 1 (8 CP), Mathematical Methods (8 CP)

Summer semester: Advanced Marketing 2 (8 CP), Advanced Econometrics 2 (8 CP), Advanced Microeconomic Theory 2 (8 CP), Historical and Normative Foundations (8 CP)

Qualifying Examinations

Second Year

Winter semester: Field Courses, Workshop Attendance

Summer semester: Field Courses, Seminar, Workshop Attendance

Fields Offered:

Marketing (including Customer Value Management, Digital Marketing, Bayesian Modelling for Marketing, experimental studies of consumer behavior)

Econometrics (for a list of classes see the Econometrics section)

Microeconomics and Management (for a list of classes see the Microeconomics and Management section)

Finance (for a list of classes see the Finance section)

Development and International Economics (for a list of classes see the Development and International Economics section)

Third Year


Workshop Attendance

Independent Studies Course (Teaching Skills)

Third-Year Research Paper

Fourth Year

Workshop Attendance

Job Market Course

Thesis Defense

Stay Abroad

During either the third or fourth year in the program, students may spend one or two semesters abroad for a research stay at an internationally top ranked Ph.D. program. Such stays are facilitated by the faculty advisor.

Marketing: First Year Courses

Note: The details of the course offerings will differ somewhat from year to year, depending on the faculty member teaching the course in question. The following list summarizes typical first-year course contents. For more details on these courses in any given year as well as the field courses, it is best to consult the course syllabi typically retrievable on individual faculty members’ websites.


Mathematics and Statistics: real analysis, advanced calculus, linear algebra, static optimization, probability theory, estimation and hypothesis testing, linear regression model.

Winter semester

Advanced Marketing 1: customer value management (customer equity, customer-based firm valuation, customer acquisition, retention and cross-selling), digital marketing multivariable testing, experiments.

Advanced Econometrics 1: fundamentals of linear regression (OLS, SUR, 2SLS, 3SLS, GMM, QML), cross-section regression models with limited dependent variables, static panel data models.

Advanced Microeconomic Theory 1: theory of the household, theory of the firm, decisions under uncertainty, market equilibrium, static and dynamic games under alternative information structures.

Mathematical Methods: probability theory, measure theory, stochastic processes, topology, difference and differential equations, dynamic optimization, numerical methods.

Summer semester

Advanced Marketing 2: frameworks for judgment and decision making, heuristics and biases, context-dependent preferences, emotions and decision making, attention and decision making, process tracing.

Advanced Econometrics 2: integration and cointegration, single and multiple equation time-series models (ARMA, ARDL, VAR, VECM), spectral analysis, conditional heteroskedasticity.

Advanced Microeconomic Theory 2: contract theory (moral hazard, adverse selection, mechanism design, and incomplete contracts), general equilibrium theory, welfare economics, and externalities.

Historical and Normative Foundations: history of economic thought (illustrated in the context of modeling economic growth and/or the modeling of financial crises), normative foundations.