Cornell offers a fully funded PhD Program in Economics. The first year of coursework begins by building on a solid foundation in microeconomics, macroeconomics and mathematics. After completing the basic coursework, students participate in workshops to decide on a concentration on which to write their thesis. Students are free to work on projects that are not directly defined in previous concentrations, but they must have the support of 2 faculty members to proceed on this topic. The student will work closely with their research advisor until the completion of their thesis. Funding packages include tuition, health insurance and a living stipend.