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Thread: Which course to take?

  1. #1
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    Which course to take?

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    Which is better from an admissions signalling perspective?

    1. Advanced econometrics (uses Greene, focuses on going beyond OLS to IV, limited dependent variables, etc)

    2. Mechanism design course in CS department (similar to Algorithmic Game Theory (CS364A), Fall 2013)

    3. Stochastic processes

    I've heard that math courses are better signals than econ courses, but advanced econometrics specifically seems pretty important for admissions, so I'm not sure. I'm also unsure how the CS course (which has quite a lot of overlap with mechanism design econ) would be evaluated.

  2. #2
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    Re: Which course to take?

    As far as signalling goes, I would think that the econometrics course would be best. The stochastic processes course would be particularly useful if you are looking to go into finance as well. However, that mechanism design course looks amazing!

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    Re: Which course to take?

    Is stochastic processes only useful for finance? Because I'm quite certain that I'm not doing finance...

  4. #4
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    Re: Which course to take?

    It ultimately depends on the courses that you already have under your belt right now. If you can list them here, it'll be helpful.
    That being said, if the Metrics course uses Greene, it's not going to be very rigorous (as compared to one that uses Hayashi/Hansen/Wooldridge) since Greene's book has more of an applied flavour to it as compared to the rest of them. Stochastic processes will be used in both time series econometrics and in some parts of macro. It'll make more sense to take that instead of the econometrics course.

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