*S. La Croix, PhD (Chair)—economic history, development economics, industrial organization
Cooperating Graduate Faculty
K. Burnett, PhD—environmental and resource economics
Affiliate Graduate Faculty
L. Cho, PhD—population economics
Degrees Offered: BA (including minor) in economics; MA in economics; PhD in economics, Graduate Certificate in Ocean Policy
The Academic Program
Economics (ECON) is the social science that deals with the allocation and use of resources under conditions of scarcity and uncertainty. It examines this subject matter at the micro level (the consumer, the household, the firm, and the industry) and the macro level (the region, the labor force, the government, the nation, and the world). Courses in economic theory and econometrics provide statistical and mathematical tools necessary for modeling research questions, data collection and analysis, and evaluation and testing of hypotheses. Economics students learn a body of knowledge that is essential to understanding local and global economies as well as contemporary public policy issues. Undergraduate courses cover critical issues, including climate change, ocean resources, energy economics, property rights, aging and wealth transfers, experimental economics, foreign investment, econometric analysis, labor markets, health economics, law and economics, network economics, the economies of China and Japan, monetary economics, and microeconomic theory.
A BA in economics is excellent preparation for demanding analytical and policy positions in the public and private sectors; it also provides strong preparation for graduate work in law, business, public policy, public health, as well as economics.
Economics at UH Mânoa is consciously directed toward policy challenges in the Asia-Pacific region, as well as Hawai'i. Geographic and subject matter interests of students and faculty contribute to a regional specialization in accord with UH's overall mission.
The Department of Economics participates in academic and educational exchanges with Nankai University, Tianjin, China; Hitosubashi University, Tokyo, Japan; Waseda University, Tokyo, Japan; Kobe University, Kobe, Japan; Nihon University, Tokyo, Japan; Yonsei University, Seoul, South Korea; and Thammasat University, Bangkok, Thailand.
Advising is mandatory for all graduate and undergraduate economics majors. Contact the department office for specific information.
The BA in economics provides students with an intensive knowledge of the theory and practice of economics, with an emphasis on the analysis of contemporary policy challenges of Hawai'i and the U.S. in the Asia-Pacific region. Majors study a wide range of current economic policy issues and learn powerful theoretical and empirical methods for analyzing these issues. They also develop reasoning and communication skills that are useful across disciplines. As a result, the BA program has been successful in preparing graduates for advanced study in economics, business, law, and other social sciences, as well as challenging careers in business management, technical analysis, policy evaluation, and education. The Economics Honors Track provides our most highly motivated majors with the opportunity to conduct advanced study and research in close contact with a faculty advisor from the department. Students can join the Economics Honors Track any time after they are accepted into the UH Manoa Honors Program and have an Economics GPA of 3.3. Students have access to a free tutoring program in introductory microeconomics and macroeconomics courses; a student-run economics club; internships; co-op work arrangements; study abroad programs in Tokyo, Japan and Bangkok, Thailand; and research opportunities with economics faculty.
Majors must complete 24 credit hours of upper division courses including ECON 300, 301, and 321. At least six credit hours must be earned by completing Upper Division II ECON courses, and students must earn a C (not C-) or better in all courses designated as counting toward the major.
For information on a Bachelor Degree Program Sheet, go to www.manoa.hawaii.edu/ovcaa/programsheets/.
Students must complete 15 credit hours of approved upper division courses, including ECON 300 and 301.
The UH Manoa Economics Department offers one of the world's leading graduate programs, providing theoretical, empirical, and historical foundations for the study of economic policies across the globe. The department offers a graduate program leading to the MA and PhD degrees. Graduate alumni teach and research in universities, work for federal and state agencies, international organizations and in the private banking and consulting sectors.
The MA program prepares students for policy analysis in government, international agencies, and the private sector, emphasizing application of theory to economic decision-making. The PhD program provides state-of-the-art theoretical and empirical training for high level academic, government, and private-sector careers.
Entering graduate students are expected to have a bachelor's degree, not necessarily in economics, and to have completed courses in intermediate microeconomic and macroeconomic theory, elementary statistics, and a mathematics background that includes at least two 3-credit semester courses in calculus. For the PhD program, it is recommended to have completed two additional courses prior to entry in any of the following subjects: advanced calculus, linear algebra, differential equations, real analysis, or related areas. Students with deficiencies must make them up prior to entering the program or within the first year of study. GRE General Test scores and two letters of recommendation must be submitted by all applicants. TOEFL scores are required for applicants from foreign countries where English is not the primary means of communication.
An MA student must be in residence for at least two semesters, and all work must be completed within seven years of admission. A student following normal progress should be able to earn the MA degree within two years.
A student must earn 30 credit hours in economics, including at least 21 hours of 600- or 700-level courses. Up to 9 credit hours of 400-level courses may apply to the 30 credit hour requirement. Graduate credit will not be granted for 300-level courses. A student must have a B average (3.0 GPA) for all courses completed at UH Manoa applied toward the degree, and a B average for all 600-level and 700-level courses.
The MA requires completion of the following:
The MA program builds on rigorous economic theory and econometrics classes from the PhD program, making MA students exceptionally well trained.
As a capstone experience for the degree, the individual project allows students to apply the theory learned in classes towards a problem in which they have a particular interest. The project helps students to develop critical thinking skills and use a variety of economics tools and models. A student may also choose to write a master's thesis in lieu of the individual research project. Students en-route to the PhD and who complete the PhD core may substitute a passing grade on either of the PhD qualifying exams for the individual research project requirement for a master's degree.
A student who completes the MA degree may apply to the PhD program. By taking appropriate courses, a student should be able to earn both MA and PhD degrees within five years
A PhD student must be in residence for at least three semesters and complete all requirements within seven years of admission to the graduate program. A student following normal progress should be able to earn the PhD degree within five years.
The PhD in economics requires successful completion of the following:
Normal progress requires students to take and pass both theory qualifying exams at the end of the first two semesters of study, and to complete all core courses in the first three semesters of enrollment. Students failing a qualifying examination may retake it only once.
Students choose two fields, each consisting of two courses, from among the following five fields offered by the department:
Some field courses are offered annually, others less frequently. Students may petition to substitute a field in another discipline or another field in economics for one of the five fields listed above.
The third-year research paper is a transition experience between PhD course work and independent dissertation research. A successful paper will demonstrate a depth of knowledge within an area of specialization and the ability to implement the research methods needed for dissertation-level research. The deadline for submitting your paper is May 1 of your third year of graduate studies and the deadline for resubmission is August 1. Students who do not meet these deadlines will be placed on academic probation in the fall semester of their fourth year of studies.
The final examination, which is oral, covers the candidate's defense of the final dissertation draft. It is administered orally and is open to the public. Candidates failing the final examination may be allowed to repeat it once upon petition approved by the graduate faculty concerned and the dean of Graduate Education. Those failing it twice are dismissed from the program.
Finally, a dissertation accepted by the dissertation committee is submitted to Graduate Education. The final dissertation must also conform to UH Manoa standards in content and format
Graduate Ocean Policy CertificateGovernance and stewardship of the oceans requires an interdisciplinary approach grounded in both theory and empirical study of the human-marine environment. The Graduate Ocean Policy Certificate is designed as a concurrent program for classified graduate students and law students in good standing. Community professionals and practitioners who meet minimum admissions requirements are also eligible to build their skills in fisheries economics, coastal conflict resolution, maritime boundaries, and ecosystem-based management of marine resources. An advisor assists each student in custom-designing a 15-credit program that draws on marine-related courses at UH Manoa in environmental and resource economics, geography, law, history, marine science, public policy, conflict resolution, and planning. A major paper and internship project are required. For further information and applications, see the department's web page at www.economics.hawaii.edu/gopc/.
Please note: This Catalog was prepared to provide information and does not constitute a contract. The University reserves the right to change or delete, supplement or otherwise amend at any time and without prior notice the information, requirements and policies contained in this Catalog.
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