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:
- 4 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** |
ECO697 |
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 |
ECO532 - Macroeconomic Theory I |
ECO534 - Development Economics |
ECO538 - Econometrics II |
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 |
ECO697 - MS Thesis |
2 |
ECO591 - Research Methodology |
|
|
3 |
ECO534 - Development Economics |
|
|
4 |
ECO632 - Macroeconomic Theory II |
|
|
|
Semester 4 - Spring |
|
|
|
ECO697 - 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 |