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MS Economics
 

Master of Science (Economics)
 

The MS program in Economics 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 the international standards. We hope the students will find the program to be intellectually challenging and personally rewarding.

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 last 4 years education from an HEC recognized university/institute with minimum 2.5 out of 4.0 CGPA or 60% marks in the last degree. All equivalency claims shall be evaluated by HEC.

Experience is not a mandatory requirement for admission to 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 of three subjects: English, Mathematics and Economics.

Candidates who have a minimum 650 score in quantitative section of GRE (International) or 160 score in quantitative 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 Timing:
Classes in MS Economics are scheduled to take place 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 for MS students
A limited number of Teaching/Research Assistant positions may be available for MS students. These positions will be offered on a competitive basis. Eligibility: Teaching/Research Assistant positions are offered only to full-time students whose cumulative GPA is at least 3.00 and who are selected for available openings. Teaching/Research Assistants cannot be simultaneously employed elsewhere.

 

Requirements for MS (Economics)

Course requirements are given as:

- MS Courses: 48 Credit Hours (16 Courses)
- MS Thesis: 9 Credit Hours

 

Required Courses for MS Economics

 

Course Load 

 

 

Course 

Credit Hours 

A

Foundation Courses

4

12

B

Core Courses

7

21

C

Elective Courses

4

12 

D

Thesis 

1

 

Total Credit Hours

16

54

 

 

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

Econometrics I

ECO537

3

MTS536

Microeconomic Theory II

ECO631

3

ECO531

Macroeconomic Theory II

ECO632

3

ECO532

International Trade

ECO539

3

ECO531

Econometrics II ECO538  3  MTS536, ECO537
Development Economic ECO534  3  ECO531
Research Methodology ECO591  3  ECO537
Elective I  -  3  -
Elective II  -  3  -
Elective  III  -  3  -
Elective IV  -  3  -

Thesis

Course Code Credit Hours Pre-Requisite

MS Thesis

ECO699

9

-

 

List of Elective Courses

Course Code Credit Hours Pre-Requisite

Economic Forecasting

ECO555

3

ECO537

Environmental and Resource Economics

 ECO561

3

ECO531, ECO533

Financial Economics

 ECO562

3

ECO531, ECO533

Health Economics

 ECO563

3

ECO531

History of Economic Thought

 ECO564

3

-

Islamic Economics

 ECO565

3

ECO531, ECO532

Monetary Economics

 ECO566

3

ECO532

Public Economics

 ECO567

3

ECO531, 532 & 533

Transport Economics

 ECO568

3

ECO531, ECO533

Time Series Modeling

 ECO570

3

ECO537

Industrial Economics

 ECO571

3

ECO631

General Equilibrium and Welfare Economics

 ECO572

3

ECO531, ECO532

Game theory and Competitive Strategy

 ECO573

3

ECO531

Combinatorial Optimization

 CSE654

3

ECO533 & ECO531

Labor Economics

 ECO654

3

ECO531, ECO537

Public Policy Analysis: Theory and Practice

 ECO560

3

ECO531/501/102 /104 /103/113

The Microeconomics of Public Policy Analysis

 ECO575

3

ECO531/301/312/501

 

Thesis Defense:: Students are expected to submit and defend their theses within next six months after the successful completion of their course work
 

Semester-wise Courses
Courses offered in Fall semesters

ECO533 - Mathematics for Economists

MTS536 - Mathematical Statistics and Linear Algebra

ECO531 - Microeconomics Theory I

ECO532 - Macroeconomic Theory I

ECO534 - Development Economics

ECO538 - Econometrics II

ECO591 - Research Methodology

ECO632 - Macroeconomic Theory II

Two Elective Courses

Courses offered in Spring semesters
ECO537 - Econometrics I
ECO539 - International Trade
ECO631 - Microeconomics Theory II
Three Electives Courses

Following will be the semester-wise course plan for MS Economics students who would be taking four courses in each semester. Other students should check the course offerings in Fall and Spring semesters and their prerequisites, and plan to take their courses accordingly.

 

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 MTS536 - Mathematical Statistics and Linear Algebra
3 Elective I 3 ECO531 - Microeconomics Theory I
4 Elective II 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 ECO539 - International Trade 3 ECO539 - International Trade
4 Elective III 4 Elective I
       
  Semester 3 - Fall   Semester 3 - Fall
1 ECO538 - Econometrics II 1 ECO538 - Econometrics II
2 ECO591 - Research Methodology 2 ECO591 - Research Methodology
3 Elective IV 3 ECO534 - Development Economics
4 ECO699 - MS Thesis 4 ECO632 - Macroeconomic Theory II
       
      Semester 4 - Spring
    1 Elective II
    2 Elective III
    3 Elective IV
    4 ECO699 - MS Thesis


For further details Visit: economics.iba.edu.pk

For any queries regarding the program, please contact:

 

Ahmed Ali
ahmedali@iba.edu.pk
Phone: (+92-21) 38104701 Ext: 2623

Dr. Heman Das Lohano
Program Director and Chairperson, Economics Department
Phone: (+92-21) 38104700 (Ext 1622)
Fax: +9221-38103008
hlohano@iba.edu.pk

 

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