Master of Science (MS) in Economics

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.

Curriculum:

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 Opportunities:

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:

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.

Admission Requirements:

1. The minimum eligibility criteria for MS Economics program is:
2. Minimum 75% marks in relevant sixteen years of education in annual system. OR
   Minimum 2.5 CGPA in BS or equivalent in semester system.