Suggested Course Sequence

Doctoral students should be prepared for a highly quantitative sequence of courses.

Suggested Prerequisites

For MRM/AS and IE

Real Analysis
Linear Algebra
Mathematical Statistics
Math for Economists (or two semesters of undergraduate calculus)


Life Contingencies
Loss Models

First and Second Year Coursework

Doctoral students will also be taking courses outside our department. To make sure everyone understands the economics course, we are providing a basic background course.

Fall Semester

Year 1

Probability Theory (RMI 9000)
Microeconomics I (Econ 9010)
Metrics I (Econ 9710)
Applied Game Theory (Econ 9710)
Computational/Empirical Methods in Risk and Uncertainty (RMI 9010)
Stochastic Processes (RMI 9040)
Mathematics for Economists (Econ 6030) as appropriate

Spring Semester

Year 1

Micro Economics II * (ECON 8130)
Micro II (Econ 9020)
Metrics II (Econ 9720)
E Game Theory and Mechanism Design (RMI 9050)
E Dynamic Risk Modeling (RMI 9060)

Fall Semester

Year 2

Metrics III (Econ 9730)
Directed Seminar in Risk and Insurance (RMI 9250)
biennial courses not offered 1st year fall

Spring Semester

Year 2

Theory of Financial Management of Financial Institutions (FI 9400)
biennial courses not offered 1st year spring

In the middle of the second year (after fall final exams), there will be a comprehensive tools exam. We should provide for one chance to retake and pass the exam, but if the student decides to leave the program, we should design a particular master’s degree to give them. In the past many of the students have received a master’s in economics on the way to the Ph.D. Perhaps, we can work this out with the economics department.

Second and Third Year Plan

Elective courses in RMI as corporate finance, asset pricing, investments, econometrics, and economics outside of RMI

In addition, there will be a second year paper, due approximately September 1, with presentations in the fall. Successful completion of the second year paper will allow the student to go to the dissertation proposal stage. This may include doing a dissertation based on the second year paper or some other topic.

Third Year Plan

By the beginning of the third year, the student should have written one paper (and be working on others), proposing for the dissertation, and preparing to go on the job market in the fourth year. In the second half of the third year the students will also no longer be GRAs, but will be expected to teach. This will allow us to finance the Ph.D. program at or about its current level without extraordinary support from the GSU Risk Management Foundation or various chairs in the department. The student should also be taking classes (or dissertation hours) to meet the minimum course credit hour requirements for graduation.

Fourth Year Plan

The goal for this year is to finish the dissertation, look for (and land a job), and continue writing papers.