PhD Program at Smith

Managerial Economics

The Managerial Economics field of study is designed to train future scholars to analyze individual, firm, and government decision-making by combining the empirical methods of economics with a more diverse set of conceptual perspectives. Students are trained to address theoretical and empirical issues in organizational strategy, and at the interface between private and public sector institutions, through an economic lens. This highly selective field of study is intended to prepare students for research careers in economics-based strategy.

 

Course Requirements

Major Courses

Students are required to take a minimum of nine substantive courses in managerial economics subject areas.

  • Microeconomic Theory
  • Industrial Organization
  • Innovation and Entrepreneurship
  • Organizational Economics
  • Game Theory
  • Economic Institutions
  • Asymmetric Information and Decision Making

Classes on other topics are offered based on student interest and faculty expertise.

Research Method Courses

Students are required to take a full econometrics and research methods sequence.

  • Applied Econometrics I
  • Applied Econometrics II
  • Endogeneity and Selection in Strategy Research
  • Intuitive Interpretation and Inference in Nonlinear Models
  • Strategy Research Methods Foundations
  • Optimization Modeling

Secondary Minor Courses

Students may choose a set of courses for a minor relevant to their research. These courses may be offered in other departments within the business school (e.g., Management and Organization; Finance; Decisions, Operations and Information Technology) or outside the business school (e.g., Economics, Political Science, Information Technology).

Faculty & Research

Wilbur Chung

  • Geography & location strategy
  • Foreign direct investment
  • Agglomeration economies

Cristian Dezso

  • Top management teams
  • Gender issues in management
  • Team composition and performance
  • Applied game theory

Curt Grimm

  • Competitive Dynamics
  • Competition Policy
  • Deregulation

Rachelle Sampson

  • Firm environmental sustainability
  • Firm ownership & energy investment horizons
  • Worker-owned cooperatives
  • R&D alliances
  • Contracting for inter-firm alliances

Bennet Zelner

  • Comparative capitalist systems 
  • Comparative corporate governance practices
  • Effects of renewable energy policies on innovation
  • Business groups
  • State-owned multinationals
  • Infrastructure industries
  • Institutional change

Academic questions about the program? Please contact:

Dr. Rachelle Sampson
Associate Professor, Logistics, Business & Public Policy
Phone: 301-405-7658
Email: rsampson@rhsmith.umd.edu