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Advanced Microeconomic Theory
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Students
in
September 2007
TABLE OF CONTENTS
Introduction…………………………………………………………………………...3
Student Organization…………………………………………………………………7
Program Description………………………………………………………………...16
Appendix
2
INTRODUCTION
The purpose of this handbook is to provide Economics and Education Ph.D. students with a
description and overview of the specific requirements that are needed to fulfill their academic
program of study. However, students are strongly recommended to always refer to the
Requirements for the Degree of Doctor of Philosophy that is printed and revised by the Office of
Doctoral Studies (153 Horace Mann) on a regular basis.
Thomas R. Bailey George and Abby O’Neill Professor of Economics and Education.
Director of the Institute on Education and the Economy and The Community College Research
Center
E-mail: tb3@columbia.edu
439 Thorndike Hall, (212) 678-3091
Scholarly Interests: Labor and education policy; Transition form school to work; Community
colleges and the economy; Work-based learning.
Educational Background: A.B., Harvard University; Ph.D., Massachusetts Institute of Technology.
Selected Publications:
“The Educational Outcomes of Occupational Sub-baccalaureate Students: Evidence from the
1990s,” with M. Alfonso and M. Scott (Economics of Education Review).
Working Knowledge: Work-Based Learning and Educational Reform, with K. Hughes and D.T.
Moore (Routledge).
Learning to Work: Employer Involvement in School-to-Work Transition Progress (Brookings
Institution).
Employee Training and U.S. Competitiveness: Lessons for the 1990’s, with L. Benton, T. Noyelle
and T. Stanback (Westview Press).
The Double Helix of Education and the Economy, with S. Berryman (Institute for Education and the
Economy, Teachers College, Columbia University).
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Director of the National Center for the Study of Privatization in Education and The Center for
Benefit-Cost Studies of Education
230 Thompson Hall, (212) 678-3857 E-mail: HL361@columbia.edu
Scholarly Interests: Economics of education; Educational vouchers and privatization; Cost-
effectiveness; Education of at-risk students.
Educational Background: B.S., New York University; M.A., Rutgers University; Ph.D., Rutgers
University.
Selected Publications:
“The Effects of Competition Between Schools on Educational Outcomes: A Review for the United
States,” with C. Belfield (Review of Educational Research).
Cost Effectiveness (Sage Publications).
Schooling and Work in the Democratic State, with M. Carnoy (Stanford University Press).
“Educational Vouchers: Effectiveness, Choice and Costs” (Journal of Policy
Analysis and Management).
“Educational Performance Standards and the Economy” (Educational Researcher).
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the Labor Market: An Analysis of the Earnings of Legal and Illegal Mexican Immigrants in the
U.S.,” (Journal of Population Economics, 1999), Reinventing Urban Education: Multiculturalism
and the Social Context of Schooling (IUME, 1996). U.S. Immigration Policy Reform in the 1980s:
A Preliminary Assessment (Praeger, 1991).
Jennifer Lynn Hill, Assistant Professor, School of International and Public Affairs
E-mail: jh1030@columbia.edu, Phone: 212-854-4474
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Miguel S. Urquiola, Assistant Professor, Department of Economics and School of International and
Public Affairs. E-mail: msu2101@columbia.edu, (212) 854-3769.
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INSTITUTES AND CENTERS
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achieve its objectives, the Institute has mobilized a broad range of research talent and disciplinary
perspectives, including economics, anthropology, sociology, political science, education, and
cognitive science.
STUDENT ORGANIZATION
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COURSES IN THE ECONOMICS AND EDUCATION PROGRAM
ITSF4051. Education and economic development (3) Professor Rivera-Batiz (Fall 2007)
Introductory examination of the links between education and various aspects of economic
development. Includes discussions of the impact of education on economic growth, educational
inequities on the basis of income, determinants of enrollment rates in developing countries, adult
literacy, the role of international organizations (World Bank, IMF) on educational development,
measuring rates of return to education, cost-benefit analysis of educational projects in developing
countries, and the role of decentralization and privatization on educational reform.
ITSF 4055. Resource allocation in education (3) Professor Levin (Spring 2008)
This course reviews the literature on school effectiveness with respect to the allocation of resources.
It addresses and analyzes education production functions and cost-effectiveness analysis in
educational decision-making.
ITSF 4058. Economics of higher education (3) Professor Bailey (Fall 2007)
This course uses theoretical and empirical economic analysis to analyze the behavior of higher
education students and institution s and to study private and public policy related to post-secondary
education.
ITSF 4097. International and comparative perspectives: educational finance (3) Professor
Tsang (Fall 2007)
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Theory and practice on how nations in different parts of the world mobilize and allocate resources
for education. Methodologies for conducting international comparative studies in educational
finance.
This course addresses the increasing emphasis on market-type choice systems including educational
vouchers, for-profit educational firms, and charter schools. Emphasis on the theory of emerging
empirical evidence underlying these developments in education.
ITSF 5550. Workshop in economics in education (3) Professor Bailey (Fall 2007)
For doctoral students and others with research projects or potential research projects in the field.
Participation is required for doctoral students writing their dissertation. Students who are beginning
to think about their dissertation topic or working on proposals are also encouraged to participate.
Faculty members also invite guests from within or outside the department to present their work.
ITSF6050. Education and economic development: Advanced Topics (3) Prof. Rivera-Batiz
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Advanced discussion of the links between education and economic development, including both
theoretical frameworks and empirical models. Discussion of economic growth models incorporating
human capital, household choice models of the demand for schooling, estimation of cost functions
in education, public finance and optimal taxation issues related to education, and the role of public
sector governance on educational development. Prior knowledge of microeconomic theory and
econometrics is necessary.
ITSF6151. Advanced Microeconomic Theory with Applications to Education (3) Prof. Rivera-
Batiz (Spring 2008)
This course is a survey of advanced microeconomic theory combined with applications of relevance
to the economics of education. At the theory level, the course starts with an analysis of the theory of
the firm and its implications regarding factor demand. This discussion is applied to the economics
of educational production functions and to study the effects of immigration of skilled and unskilled
labor. The course then moves to examine consumer demand, including analyzes of utility
maximization, and income and substitution effects. This discussion is applied to examine the
determinants of labor supply and the demand for education. The analytics of market equilibrium is
discussed next, with a discussion of various types of market failure and externalities. This analysis
is applied to examine the theory and evidence on human capital externalities. The course concludes
with an analysis of public finance issues in education, including fiscal federalism and the Tiebout
hypothesis, and a discussion of dynamic labor supply, and the economics of uncertainty and
information.
Permission required. Proposal writing. Required of doctoral students in the semester following
successful completion of certification examinations.
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RECOMMENDED COURSES FROM THE ECONOMICS DEPARTMENT (GRADUATE
SCHOOL OF ARTS AND SCIENCES) AND THE SCHOOL OF INTERNATIONAL AND
PUBLIC AFFAIRS AT COLUMBIA UNIVERSITY
Economics Department
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G6211 and G6212 Microeconomic Analysis I & II (4)
Prerequisites: Primarily for graduate students in the Department of Economics, but other are
admitted after passing a math qualifying exam held during the first week of classes. A course
designed for first year economics doctoral students. Consumer and producer behavior; general
competitive equilibrium, welfare and efficiency, behavior under uncertainty, intertemporal
allocation and capital theory, imperfect competition, elements of game theory, problems of
information, economies with price rigidities.
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School of International and Public Affairs
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Requirements for the Ph.D. program
1. Core Courses (at least 24 credits) ITSF 4151: Microeconomics (3), only if required
ITSF 6151: Advanced Microeconomics (3)
Microeconomics (at least 3)
ITSF4050: Economics of Education (3)
Economics of Education (9) ITSF4055: Resource Allocation in Education (3)
ITSF4058: Economics of Higher Education (3)
Public Finance/Educational Finance ITSF4097: International Comparative Studies in Educational Finance (3)
(at least 3 credits) ITSF4155: Education, Privatization and School Choice (3)
Education and Economic Development ITSF4051: Education and Economic Development (3)
(at least 3 credits) ITSF 6050: Education and Economic Development: Advanced Topics (3)
2. Research Methods (at least 12 credits) U6610: Econometric Techniques for Policy Managers(3) (Program in Economic
Policy Management, SIPA)
Econometrics (at least 6 credits) G6417: Econometrics III (3) (Economics Department)
U8990: Quantitative methods in Program Evaluation and Policy Research (School
Dissertation Research (at least 6 credits) of International and Public Affairs)
ITSF 5550: Workshop in Economics of Education (3)
Three semesters of continuous registration in a research seminar, (i.e., ITSF6950:
Studies in Economics and Education or consult with adviser) for 1 point
4. Other Requirements to Fulfill Electives: at least 6 credits taken outside of the department within
Competence in 1 foreign language Teachers College (no less than 2 credits in each course)
Certification Examination consisting of
two parts:
1. Three-hour exam
2. Literature review with guidelines
Doctoral Dissertation (proposal,
research, writing and defense)
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PROGRAM DESCRIPTION
The Ph.D. in Economics and Education is one of the doctoral degrees granted by the Columbia
University Graduate School of Arts and Sciences and is intended for persons who want to acquire
advanced training in the theory, methods, and practices of the economics and finance of education.
The Program is housed at the Department of International and Transcultural Studies at Teachers
College, Columbia University. It is a selective 75-credit program that prepares individuals for
leadership roles in teaching, research, or administrative settings.
The Ph.D. Program requirements are divided into four components:
1. Core Courses (at least 24 credit points; see Program Overview for more details)
2. Research Methods (at least 12 credits; see Program Overview for more details)
3. Specialization (at least 39 credits; see Program Overview for more details)
4. Other Requirements
1. Major Advisor
The selection of an academic advisor is based on the following:
• An existing match exists between the student’s and the advisor’s interests or areas of research;
students may change advisor if their interest or area of research changes.
• The advisor is able to provide the student with satisfactory guidance throughout the student’s
program of study.
• The advisor is a strong advocate for the student in all aspects of the academic program
Advisors are initially assigned to students based on their area of interest by the department’s
Program Coordinator. However, students are free to choose another adviser whose area of research
may be compatible to the one they wish to pursue for their academic work and who agrees to
support the student’s academic goals (see the Program Faculty List above). The student’s advisor
need not be the dissertation sponsor.
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2. Continuous Registration
A student must register every semester until all requirements for the Ph.D. degree have been
satisfactorily completed, unless a leave of absence has been requested and approved. The leave of
absence is approved on the basis of sustained illness, maternity leave, or national military service,
usually for no longer than a year. Applications for the request of a leave of absence are available
through the Office of Doctoral Studies. Still, a student may be advised to register for the course
IND 6000, in order to maintain their student status and privileges at the college.
3. Program Plan
With the assistance of his or her advisor, Ph.D. students must detail the projected course of study to
satisfy the department’s requirements and those of the program. The Ph.D. Program Plan is a
publication that provides directions as well as the forms needed to be completed by the student; the
Plan is available at the Office of Doctoral Studies. In completing their Program Plan, students list
the courses they have taken and/or intend to take at Teachers College and at other Schools of
Columbia University, as well as those they wish to have transferred from other institutions. The
plan requires the signature of the student, the advisor, and approval by the appropriate Area
Committee. This form must be completed after credits to be transferred have been approved. It is
advisable to have this done by the end of the first year of study.
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Check the List of “Relevant Course Offerings at Teachers College,” and “Relevant
Course Offerings Outside of Teachers College,” noted earlier in this handbook, as well
as other, current course offerings at Teachers College, Columbia University or other
relevant graduate schools within New York City.
Consult advisor and ask fellow students for course recommendations.
Students who will need to transfer credits accumulated from institutions other than Teachers
College or from other departments will need to apply for a transfer of credit. The transfer of credits
policy, procedures and forms are available through the Admissions Office (146 Horace Mann). Up
to 30 credits may be transferred from another institution and be applied to the 75-credit
requirement. Students who have taken credits at a graduate-level institution other than Teachers
College and would like to have those credits counted toward their program should complete and
send to the Admissions Office a Transfer of Credit form, attaching an official transcript from the
institution that they attended. A copy of the form and transcript will be sent to the department for
review and approved by the student’s advisor.
3. Certification Examination
All students must pass a certification examination as part of their Ph.D. requirements. Students are
encouraged to take the exam no later than the semester in which they have completed 60 points or
when they have completed up to 70-80% of their coursework. However, they should consult with
their advisor as to their readiness to sit for the exam. Certification exams are held twice a year, in
October and February. Applications for taking the certification exam are available in the Office of
Doctoral Studies. The application must be completed by the student, be signed by the advisor, and
returned to Office of Doctoral Studies at least a month prior to the scheduled exam date.
The certification exam has two parts:
1. A three-hour exam on topics covered in the core Economics and Education courses. This
exam can be taken either in October during the fall semester or in February during the spring
semester. International students whose first language is not English are allowed to request an
additional hour in order to complete the certification exam, with the advisor’s approval.
2. A take-home exam that consists of a review of the literature on a topic in the student’s
area of specialization. This take-home exam must be submitted to the program within 3
months after the scheduled three-hour exam. An extension can be granted but must be
requested from the Economics and Education Program.
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A doctoral student will not be considered as having passed the certification exam unless he or she
has successfully passed both the first and second parts of the certification exam.
8. Dissertation proposal
Once a student completes the essential course requirements for the degree, and passes the
certification exam, the next step is to write a dissertation proposal.
The Ph.D. dissertation represents a substantial project of scientific research and writing. Students
must select a dissertation topic that will be approved based on the following criterion:
it must be an original contribution to the area of research
it must be completed successfully with the resources available to the student
it must be a topic for which appropriate faculty advisors are available in the university
and are willing to guide the student’s research and study
Once a topic is selected, the student must write a dissertation proposal, in which a literature review
of the topic is presented jointly with a detailed description of the research questions to be answered
and the data and methodology to be used in answering them. A Proposal Defense Hearing must
then be scheduled, in which the student presents and defends his/her proposal before his/her key
dissertation advisors.
All Ph.D. students must register once for ITSF 7500 Dissertation Seminar in Economics and
Education while preparing their proposal. Subsequently, the proposal must be defended in an Area
B Seminar that pertains to Economics and Education. The approval of the dissertation proposal is
only made official when the student has met the proposal committee members’ approval, received
their signature on the “Proposal Hearing Form” and submitted this form to the Department and the
Office of Doctoral Studies. This form is available through the Office of Doctoral Studies. Once the
proposal is approved, the student may be certified to receive the M.Phil. Degree. For further details,
consult the Requirements for the Degree of Doctor of Philosophy issued by the Office of Doctoral
Studies.
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9. Dissertation advisement.
While writing the dissertation, Ph.D. students must enroll for continuous dissertation advisement by
registering each semester for the course ITSF 8900 Dissertation Advisement. A dissertation
committee consisting of three core faculty members supervises the progress of the dissertation. The
key advisor is referred to as the Dissertation Sponsor. Only faculty members of Teachers College
who are named on the list of Ph.D. Sponsors and are members of The Graduate School of Arts and
Sciences at Columbia University may be Sponsors. In addition, the dissertation committee must
include two Outside Members, who will consist of faculty outside the Economics and Education
Program. One of these must be from outside Teachers College. Students often choose a faculty
member from the Economics Department or the School of International and Public Affairs at
Columbia University as an Outside Member.
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CHECKLIST OF STEPS FOR PH.D. CANDIDATE CERTIFICATION (M.PHIL.)
In order to be certified as a Ph.D. candidate or to receive the M.Phil. (Master of Philosophy) degree,
doctoral students must satisfactorily complete the following six requirements:
1. A minimum of 75 points of coursework, satisfying the required courses for the Program.
2. File an approved Program Plan of Study with the Office of Doctoral Studies, (including
applying for the transfer of credit with the Office of Doctoral Studies at the start of the Ph.D.
program if necessary).
3. File an approved Statement of Total Program showing their academic involvement (in
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IMPORTANT STEPS TOWARDS THE DISSERTATION DEFENSE
March 7 An Advanced Seminar scheduled not later than this date, allowing the sponsor to
read and make suggestions before the Advanced Seminar, which should be scheduled
in turn at least 5 weeks before the defense date. In addition, the student needs time
to make revisions in response to the comments at the Advanced Seminar, and enough
time to complete and distribute copies of the dissertation to the members of the
dissertation committee at least 3 weeks before the defense date.
April-May The last date for scheduling a defense is the last week of April. The final date for
depositing the final copy of the dissertation with the Office of Graduate Studies is in
early May in order to avoid paying tuition past the spring semester and in order to
meet the deadline for May graduation.
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OTHER USEFUL INFORMATION
Department 357 Dodge (212) 678-3947 General information, special enrollment, and
Office Department Chair signature including
scheduling an appointment with the Chair.
Office of 153 Mann (212) 678-4058 All matters related to doctoral study policies
Doctoral Studies and procedures including forms pertinent for
the certification exam, program plan,
dissertation proposal hearing, dissertation
defense, and the depositing of final version of
the defended dissertation.
Economics and 353 Macy (212) 678-3763 General questions about the program, college
Ed Program policy and procedures.
Office Open: Tuesdays-Thursdays (hours TBA)
Contact: Kati Kabát, Program Assistant.
E-mail: kabat@tc.edu
Housing/ 1st Floor Whittier (212) 678-3235 Information on housing.
Residence Halls
International Student Life Center (212) 678-3406 Assistance for international students.
Services 163 Thorndike
Tuition Payment Business Office (212) 678-3406 Payment of tuition and other fees.
133 Thompson
Student Aid 134 Thompson (212) 678-4050 Course registration, permission to register,
change of grade, teacher certification, course
withdrawal, requests for transcripts,
certification to Government, degree application,
certificate of equivalency. Applications for
financial aid.
Student Life 159 Thorndike (212) 678-3704 Health insurance and service information,
including immunization verification.
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