Should I prioritize first year micro PhD classes or Math Major?
Hi all, I’m a senior at a T40 school planning to apply to predocs this fall with the intention of pursuing a PhD in economics.
I’m currently deciding whether to take the first-year PhD micro sequence. The math major would only require two additional classes compared to the minor. I’d really prefer to finish with the math major since the marginal effort seems relatively small and I could take classes that are more applicable to my applied subfield. I’ve also already completed the main recommended math courses for an econ PhD (e.g. proof-based linear algebra, intro analysis, probability theory), and I’ve gotten an A/A+ in every math class I’ve taken, going back to beginning calculus. On the other hand I got an A and B+ in the two intermediate micro sequence classes (health issues, tough curves, less work ethic in my early college years).
The issue is that I have the opportunity to take the first-year PhD micro sequence, but I know it would be a very, very large time commitment. I’d also be taking other classes including two second-year PhD electives, co-authoring a paper, working on my own research, and applying to predocs. I also have some health issues coming up that I am worried about exacerbating.
I’m worried about:
- The toll the sequence could take on my mental/physical health
- Balancing it with the two additional classes for the math major
- Not getting an A/A-, especially since I understand only a relatively small fraction of first-year PhD students get As here
- Potentially sacrificing my math grades in pursuit of the sequence
So: is the first-year micro sequence a big enough opportunity that I should seriously consider forsaking the math major for it? Or should I try to juggle both?
More generally, what is the opportunity cost of not taking graduate micro? Would not having it on my transcript be a meaningful disadvantage for predoc applications/PhD admissions given that I already have fairly strong math preparation?
I’m especially interested in hearing from people who have evaluated predoc applicants or been involved in PhD admissions. I’m trying to figure out whether this is genuinely an opportunity worth stretching myself for, or whether I’m overestimating its importance simply because it’s "PhD-level" coursework.