Graduate Programs

Master of Science (MS) Economics program

About the Program:

The MS Economics program is designed to provide a solid background in theory, quantitative methods and applications appropriate to the needs of economists involved in policy planning, analysis and forecasting of public and private sectors. The curriculum of this program has been designed to meet international standards.

This program emphasizes on applied economics and caters to the growing market for economic analysts. Graduates from this program will be able to teach and conduct quality research in the fields of their interest and will be prepared for careers in universities, research organizations, business enterprises, government organizations, and multinational companies.

Eligibility

A minimum of 16-years of education out of which the last 4 years of education should be from an HEC recognized university/institute, with a minimum CGPA of 2.5 out of 4.0 or 60% marks in the last degree. All equivalency claims shall be evaluated by HEC. Experience is not a mandatory requirement for admission in this program.

Admission criteria

Admissions to all programs at the IBA are granted on merit, and there are no reserved seats of any category. The criterion for admission is the performance of the applicant in aptitude test and interview. The aptitude test is a written test on three subjects: English, Mathematics and Economics.

Candidates who have a minimum score of 650 in the quantitative section of GRE (International) or a score of 160 in quantitative & 150 of verbal section of revised GRE (International) are exempted from the IBA admission test. The candidates who pass the aptitude test qualify for the interview.

Duration:
2 years

Maximum time allowed:

  • 5 years for full time students
  • 7 years for part time students

Class Timings:

MS Economics is offered for full-time students as well as for part-time students. Classes in MS Economics are scheduled only in evenings (6:00-9:00 pm) on weekdays or any time (between 9:00 am - 9:00 pm) on Saturdays.

Teaching/research assistant positions

Teaching/research assistant positions are available in the department for full time MS students. These positions are offered only to those students who maintain a cumulative GPA of 3.00 in each semester in the MS program. Teaching/research assistants must not work elsewhere.

Requirements for MS Economics

Course requirements are given as:
MS courses: 36 credit hours (12 courses)
MS thesis: 6 credit hours
For further details please visit: economics.iba.edu.pk


Required courses

Course category

Courses

Credit hours

Foundation courses*

4

12

Core courses

6

18

Elective courses

2

6

Thesis

1

6

Total

13

42

Foundation courses*

Course code

Credit hours

Pre-requisite

Microeconomic Theory I

ECO531

3

-

Macroeconomic Theory I

ECO532

3

-

Mathematics for Economists

ECO533

3

-

Mathematical Statistics and Linear Algebra

MTS536

3

-

Core and elective courses

Course code

Credit hours

Pre-requisite

Microeconomic Theory II

ECO631

3

ECO531

Macroeconomic Theory II

ECO632

3

ECO532

Econometrics I

ECO537

3

MTS536

Econometrics II

ECO538

3

MTS536,ECO537

Development Economics

ECO534

3

ECO531

Research Methodology

ECO591

3

ECO537

Elective I

-

3

-

Elective II

-

3

-

Thesis

Course code

Credit hours

Pre-requisite

MS thesis**

ECO699

6

-

*BS Economics and BS Economics & Mathematics graduates from IBA are exempted from the 4 foundation courses. Thus, they will be required to complete 30 credit hours (8 courses of 24 credit hours and a thesis of 6 credit hours). For other candidates, the interview panel will decide which foundation courses are exempted.

**Students have option to take 1 additional elective course and an MS research project (ECO698) in place of MS thesis. The grade on MS thesis and MS research project would be pass/fail and will not be counted in the CGPA.

Semester-wise courses

Courses Offered in Fall Semesters

ECO533 - Mathematics for Economists
ECO536 - Mathematical Statistics and Linear Algebra
ECO531 - Microeconomic Theory I

ECO532 - Macroeconomic Theory I

ECO534 - Development Economics

ECO538 - Econometrics II
ECO591 - Research Methodology
ECO632 - Macroeconomic Theory II
One Elective Courses

Courses Offered in Spring Semester

ECO537 - Econometrics I

ECO631 - Microeconomic Theory II

Two Elective Courses

Students exempted from four foundation courses

Other Students

S. No.

Semester 1 - Fall

S. No.

Semester 1 - Fall

1

ECO534 - Development Economics

1

ECO533 - Mathematics for Economists

2

ECO632 - Macroeconomic Theory II

2

ECO536 - Mathematical Statistics and Linear Algebra

3

ECO591 - Research Methodology

3

ECO531 - Microeconomic Theory I

4

Elective  I

4

ECO532 - Macroeconomic Theory I

 

Semester 2 - Spring

 

Semester 2 - Spring

1

ECO631 - Microeconomic Theory II

1

ECO631 - Microeconomic Theory II

2

ECO537 - Econometrics I

2

ECO537 - Econometrics I

3

Elective II

3

Elective I

 

 

4

Elective II

 

Semester 3 - Fall

 

Semester 3 - Fall

1

ECO538 - Econometrics II

1

ECO538 - Econometrics II

2

ECO699 - MS Thesis

2

ECO591 - Research Methodology

 

 

3

ECO534 - Development Economics

 

 

4

ECO632 - Macroeconomic Theory II

 

 

 

Semester 4 - Spring

 

 

 

ECO699 - MS Thesis

List of elective courses

Course title

Course code

Credit hours

Pre-requisite

Issues in Pakistan Economy

ECO544

3

-

Economic Forecasting

ECO555

3

ECO537

Environmental and Resource Economics

ECO561

3

ECO531, ECO533

Financial Economics

ECO562

3

ECO531, ECO533

Health Economics

ECO563

3

ECO531

Monetary Economics

ECO566

3

ECO532

Public Economics

ECO567

3

ECO531, 532 & 533

Time Series Modelling

ECO570

3

ECO537

Industrial Economics

ECO571

3

ECO631

Game theory and Competitive Strategy

ECO573

3

ECO531

Combinatorial Optimization

CSE654

3

ECO533 & ECO531

Labour Economics

ECO654

3

ECO531, ECO537

Public Policy Analysis: Theory and Practice

ECO560

3

ECO531/501/102 /104 /103/113

Microeconomics of Public Policy Analysis

ECO575

3

ECO531/301/312/501

Water Economics and Policy

ECO574

3

-

Social Impact Evaluation

ECO577

3

 

Behavioural Economics

ECO554

3

 

Climate Change Economics

ECO551

3

 

Behavioural and Experimental Economics

ECO578

3

 

International Trade

History of Economics Thought

ECO539

ECO564

3

3

ECO531