We consider separably closed fields of characteristic $p > 0$ and fixed imperfection degree as modules over a skew polynomial ring. We axiomatize the corresponding theory and we show that it is complete and that it admits quantifier elimination in the usual module language augmented with additive functions which are the analog of the $p$-component functions.

The stability of each of the theories of separably closed fields is proved, in the manner of Shelah's proof of the corresponding result for differentially closed fields. These are at present the only known stable but not superstable theories of fields. We indicate in § 3 how each of the theories of separably closed fields can be associated with a model complete theory in the language of differential algebra. We assume familiarity with some basic facts about model completeness [4], stability (...) [7], separably closed fields [2] or [3], and (for § 3 only) differential fields [8]. (shrink)