Master of Science in Economics

MS(Economics)

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Overview

The program is intended to develop skills in economic theories and principles and the mathematical and statistical tools required to carry out research and complex analyses. The program is designed to provide quality education with a focus on research and to equip students with the art of living as productive members of society, contributing to the socio-economic uplift of Pakistan. Our faculty bring the latest economy knowledge to the classroom - knowledge that translates directly to the student’s career.

Entry Requirements

  • The minimum eligibility criteria for MS Economics program is:

Minimum 75% marks in relevant sixteen years of education in annual system.

OR

Minimum 3.5 CGPA in BS or equivalent in semester system.

Scheme of Studies

List of Core Courses
  Course Code Course Title Credit Hours Co-requisite(s) Prerequisite(s)
1 ECO601 Microeconomics Theory 3(3, 0)    
2 ECO602 Research Methodology in Economics 3(3, 0)    
3 ECO603 Macroeconomics Theory 3(3, 0)    
4 ECO604 Econometrics Modeling and Applications 3(3, 0)    
List of Elective Courses
  Course Code Course Title Credit Hours Co-requisite(s) Prerequisite(s)
5 ECO605 Mathematical Reasoning for Economists 3(3, 0)    
6 ECO611 Islamic Economics Theory and Practice Application 3(3, 0)    
7 ECO612 Development Economics 3(3, 0)    
8 ECO613 Economics of Business and Finance 3(3, 0)    
9 ECO620 Topics in Urban Economics 3(3, 0)    
10 ECO621 Topics in Labor Economics 3(3, 0)    
11 ECO630 Optimization Techniques 3(3, 0)    
12 ECO635 Project Analysis and Investment Decision Making 3(3, 0)    
13 ECO641 Topics in Public Sector Economics 3(3, 0)    
14 ECO651 WTO, Globalization and Economic Integration 3(3, 0)    
15 ECO652 Globalization and Socio Economic Changes 3(3, 0)    
16 ECO660 Population Dynamics 3(3, 0)    
17 ECO680 Advanced Econometric Techniques and Forecasting 3(3, 0)    
18 ECO691 Topics in Human Resource Development 3(3, 0)    
19 ECO692 Economics of Environment and Natural Resources 3(3, 0)    
20 ECO701 Theory of International Trade 3(3, 0)    
21 ECO702 Theory of International Finance 3(3, 0)    
22 ECO703 Monetary Theory and Policy 3(3, 0)    
23 ECO704 Political Economy and Globalization 3(3, 0)    
24 ECO710 Development Economics Theory and Practices 3(3, 0)    
25 ECO711 Applied General Equilibrium and Welfare Economics 3(3, 0)    
26 ECO712 History of Economic Philosophy 3(3, 0)    
27 ECO720 Agricultural Policy 3(3, 0)    
28 ECO721 Productivity Analysis 3(3, 0)    
29 ECO722 Agriculture Development in Developing Countries 3(3, 0)    
30 ECO731 Data Analysis Techniques for Economists 3(3, 0)    
31 ECO732 Time Series Methods in Econometrics 3(3, 0)    
Thesis
  Course Code Course Title Credit Hours Co-requisite(s) Prerequisite(s)
32 ECO800 Thesis 6(6, 0)    

Research Opportunities

Research opportunities within the MS program in Economics are designed to foster intellectual curiosity, develop research skills, and prepare students for further academic pursuits or professional careers in economics. By actively engaging in research, students gain a deeper understanding of economic concepts, enhance their problem-solving abilities, and acquire valuable experience that sets them apart in the job market. It provide students with valuable hands-on experience and the chance to contribute to the advancement of economic knowledge. They can have independent research projects, interdisciplinary research, data analysis and econometrics and furthermore, can do publications and perform collaboration with government and industry.

Career Prospects

A Master of Science in Economics provides graduates with advanced knowledge and skills in economic theory, econometrics, data analysis, and research methodologies. This higher level of education opens up a broader range of career paths and job prospects. Here are some potential career paths for individuals with a Master of Science in Economics:

  • Economist: With a master's degree in economics, they may find opportunities in government agencies, central banks, international organizations, research institutions, or think tanks. Economists analyze economic data, conduct research, develop economic models, and provide insights and recommendations on economic policies, trends, and market dynamics.
  • Data Analyst/Data Scientist: Graduates with advanced quantitative skills and econometric knowledge can work with large datasets, apply statistical and econometric techniques, build predictive models, and derive insights to drive decision-making processes in industries such as finance, marketing, or technology.
  • Research Analyst: They can pursue careers as research analysts in both public and private sectors. They can work in market research firms, policy research organizations, consulting companies, conducting economic research, analyzing data, and providing insights for strategic planning, policy development, or business decision-making.
  • Financial Analyst/Quantitative Analyst: With their advanced knowledge of economic principles and quantitative analysis, graduates can work as financial analysts or quantitative analysts in the finance industry.
  • Policy Advisor/Consultant: Master's in Economics graduates can work as policy advisors or consultants, providing expertise on economic policies and their implications. They can work for government agencies, non-profit organizations, or consulting firms, advising on various policy areas such as fiscal policy, trade policy, environmental policy, or development policy.
  • Market Research Manager: With their advanced research skills, economics graduates can progress into managerial roles in market research. They can oversee research projects, manage teams, analyze market trends, and provide strategic insights to guide marketing strategies and business development.
  • Economic Forecasting Analyst: Many organizations, including banks, research institutions, and consulting firms, employ economists with advanced degrees to analyze economic indicators, model economic scenarios, and provide forecasts and predictions to guide financial and business decisions.
  • Academic Career: Graduates can pursue a Ph.D. in Economics and become professors, researchers, or economists in academia, conducting research, publishing papers, and teaching economics to students.

Scholarships available

Requirement

  • 75 % marks in relevant sixteen years of education in annual system, and 3.5 CGPA (BS or Equivalent) in semester system.
  • To maintain scholarship, students will be required to maintain minimum CGPA of 3.00 and no “C” grade or below in any course in any semester.
  • If CGPA falls below 3.00 and a “C” grade or below is obtained in course of semester, the scholarship will be suspended.