Physics undergrad to economics phd?

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Arsenic&Lace
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I was just curious to know if this transition were possible. Economics seems like a woefully misunderstood field, and I feel as though physicists would have a good knack for it. Is this suspicion correct, or false?
 
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Most economics programs require single and multivariable calculus, differential equations, and linear algebra. Other math courses are recommended but not required. Graduate courses will assume knowledge of some economics. Browse programs for requirements. Here's one:

http://economics.cornell.edu/graduate/admissions.html
 
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