What determines the balance between theoretical, empirical, and institutional material in the curriculum?
We strive to achieve the balance of material that the profession is going to expect you to know when you graduate. This means that, while this program does not specialize in advanced theory, you do take the standard complement of two micro and two macro theory courses. In addition, all of the fields require some additional theoretical understanding, although how much may vary from one field to another. In all fields you will encounter a substantial amount of empirical work, and your econometrics courses are designed to help you understand how this empirical knowledge is discovered. You should acquire institutional knowledge as you go through each of the courses, even when a section of a course is not explicitly oriented in that direction. If you feel that your knowledge of particular institutions needs to be improved, you should discuss this need with your professor.
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