Program Objectives

MS in Economics is designed to provide a solid background in theory, quantitative methods, and applications appropriate to the needs of economists involved in private and public sectors policy planning, analysis, and forecasting. IMSciences offers a full-time one and a half year MS in Economics. Emphasis is placed on sound training in economic theory, the acquisition of analytical and research skills, and development of a broad knowledge of macro and microeconomics problems. Being a research-oriented degree, it provides an opportunity to the successful students to extend their MS dissertation to the PhD level.

Eligibility for Admission

16 years of education in the relevant disciplines such as BSc/BS Economics with a 2.70 CGPA or MSc Economics, MSc Applied Economics with a 2.7 CGPA (with a minimum of 120 credit hours in Bachelors and 60 credit hours in the Master program) or 60% aggregate marks in annual System from any HEC recognized university/ institute. Qualifying the ETS-GRE general test/ NTS GAT-General/Institute’s own test or any other test required by the HEC with minimum 50% marks in test and minimum 40% marks in interview are mandatory for admission.

The Hafiz Quran shall be given a special credit of 20 marks.

The credit marks shall be added subject to fulfillment of basic requisite academic qualification.

Degree Requirements

A student admitted to the MS Economics program will be required to complete 24 credit hours of course work along with a minimum of 6 credit hours of research work/thesis.

Scheme of Courses

No. of Semester 03
Course work 24 Credit Hours
Thesis 06 Credit Hours
Total Credit Hours 30 Credit Hours

Semester Wise Breakup of Courses

Semester 1

Course Code

Course Title

Credit Hours

XXX XXX

Core Course – I

Three (03)

XXX XXX

Core Course – II

Three (03)

XXX XXX

Elective – I

Three (03)

XXX XXX

Elective – II

Three (03)

Semester 2

Course Code

Course Title

Credit Hours

XXX XXX

Core Course – III

Three (03)

XXX XXX

Core Course – IV

Three (03)

XXX XXX

Elective – III

Three (03)

XXX XXX

Elective – IV

Three (03)

Semester 3

Course Code

Course Title

Credit Hours

RES 790

Master’s Dissertation

Six (06)

Core Courses

Course Code

Course Title

Credit Hours

ECO 705

Advanced Microeconomics

Three (03)

ECO 706

Advanced Macroeconomics

Three (03)

RES 716

Qualitative and Quantitative Techniques

Three (03)

STA 715

Applied Econometric Methods

Three (03)

Electives

Course Code

Course Title

Credit Hours

ECO 711

Issues in Health Economics

Three (03)

ECO 715

Issues in Development Economics

Three (03)

ECO 721

Issues in Environmental Economics

Three (03)

RES 725

Research Methods in Economics

Three (03)

DEV 750

Attaining Sustainable Development Goals

Three (03)

DEV 721

Evaluating Social Programs

Three (03)

ECO 718

Financial Development and Financial Inclusion

Three (03)

ECO 785

Game theory and Applications in Economics

Three (03)

ECO 710

Topics in Monetary Economics

Three (03)

ECO 769

Topics in Labour Economics

Three (03)

ECO 761

Topics in International Economics

Three (03)

ECO 791

Globalization and Economic Integration

Three (03)

ECO 725

Topics in Islamic Economics

Three (03)

ECO 728

Topics in Experimental Economics

Three (03)

ECO 723

The Economics of Climate Change

Three (03)

ECO 755

Topics in Economics of Happiness and Well-Being

Three (03)

FIN 785

Topics in Financial Economics

Three (03)

STA 751

Structural Equation Modelling

Three (03)

ECO 765

Real Analysis

Three (03)

ECO 795

Divine Economics Framework

Three (03)

DEV 750

Attaining Sustainable Development Goals

Three (03)

RES 726

Research Methodologies

Three (03)