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Program Objectives

The MSc Economics is a distinctive two-year program imparting instruction and training to effectively address the need for economists in the both the public and financial sectors. The program design ensures instruction in core subjects in economics besides offering students a choice of specializations. Current specialization options are:

Note: Specialization option will depend on student interest and staff availability

The program targets students seeking further education and enhanced training in economics and finance, in addition to acquiring the capability to conduct and evaluate research in aforementioned subjects. The program aims at ensuring that students acquire indepth subject knowledge and relevant skills to successfully pursue careers in a variety of sectors including NGOs, academics, consultancies, government, and the financial sector.

Degree Requirements

A student of MSc Applied Economics is required to complete 66 credit hours of study. In the final semester, students will be required to complete a major research project with 6 credit hours. The normal duration for completion of the MSc Economics program will be 4 semesters, over a period of 2 years.

Eligibility for Admission

Candidates with BA, BSc, B.Com, BBA or equivalent qualification and having atleast second division, securing 45% marks in aggregate are eligible to apply. Qualifying the admission test and interview is compulsory. Candidates scoring less than 40% marks in test or interview will stand disqualified for admission.

Scheme of Courses MSc Applied Economics

No. of Semesters 04
Core Courses 42 Credit hours
Elective Courses 18Credit hours
Thesis 06 Credit hours
Total 66 Credit hours

Semester Wise Breakup of Courses

Semester 1

Course Code
Course Title
Credit Hours
ECON 500 English Communication
ECON 504 Microeconomics-I
ECON 507 Macroeconomics-I
ECON 502 Mathematics for Economics
ECON 503 Statistic for Economists 3
ECON Elective -I 3

Semester 2

Course Code Course Title
Credit Hours
ECON 506 Microeconomics – II
ECON 508 Macroeconomics -II
ECON 509 Econometrics
ECON 513 History of Economic Thought
ECON Elective II
ECON Elective III 3

Semester 3

Course Code


Course Title
Credit Hours
ECON 510 Public Sector Economics
ECON 511 International Economics
ECON 512 Monetary Economics
ECON 514 Research Methodology
ECON Elective IV

Semester 4

Course Code


Course Title
Credit Hours
ECON 515 Economic Development & Growth
ECON Elective V
ECON Elective VI
ECON Thesis

List of Electives

  1. Advance Econometrics
  2. Environmental Economics
  3. Resource Economics
  4. Game Theory
  5. Labour Economics
  6. Issues in Pakistan Economy
  7. Agriculture Economics
  8. Urban & Rural Economics
  9. Health Economics
  10. International Political Economy
  11. Islamic Economics & Finance
  12. Poverty & Sustainable Development
  13. Industrial Economics
  14. Public Policy
  15. Business Economics
  16. Financial Markets & Institutions
  17. Project Management
  18. Advance Project Management
  19. Entrepreneurial Economics
  20. Logic and Critical Thinking


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