Lahore University of Management Sciences

The MSc (Economics) programme is structured to offer the following specialized streams. In the first few years only 2-3 streams of specialization will be offered.

• Development Economics [DE]
• Public Policy and Regulation [PR]
• Finance, Money and Banking [FMB]

A core group of subjects consisting of Macroeconomic Theory, Microeconomic Theory, Mathematics for Economist and Quantitative Methods will be common to all streams. To specialize in one stream students will be required to study at least 2 courses in that particular stream.

In order to fulfill the requirements of the MSc Economics Program, students will be required to complete either 45 units of course work, or complete 29 units of course work and a masters thesis of 16 units. Under the two-year stream, students will have to complete undergraduate level courses (44 units) in the first year.

A tentative quarter-wise distribution of courses is listed below

Autumn Quarter

Microeconomic Theory I (Core)

Macroeconomic Theory I (Core)

Quantitative 1

Tutorial

(Courses in the autumn quarter are core and prerequisite for all elective courses).

Winter Quarter

Macroeconomics

Quantitative Methods II

Seminar

Spring Quarter

Thesis

Summer Quarter Students will work on their thesis during the Spring and Summer Quarters.

Two-year track candidates, after the successful completion of their first or remedial year will be admitted to a restructured version of the MSc Economics programme, which will be introduced from August 2008. The restructured programme has two objectives; (a) to ground graduate students in coursework that meets international standards; and (b) in addition to rigorously tool them in applied economics research, thereby enabling them to independently undertake international standard research. A good grounding in solid coursework will allow students to obtain admission to international PhD programmes. Alternatively, students can use cutting edge economics research skills in the private and public sectors, in regulatory bodies, in multilateral agencies and in academia. The combination of solid course work and rigorous and intensive applied research tooling makes the LUMS MSc Economics programme internationally unique.

Two-year track students will be required to complete 44 units of coursework at the undergraduate level in year one. They will also be required to fulfil the requirements of the following core courses: Microeconomics I, Microeconomics II, Macroeconomics I, Macroeconomics II, statistics and Econometrics I. In order to proceed to their second year two-year track students will be required to attain a GPA of 3.3 at the end of their first year and will be required to pass their first year core courses.

In their final year, two-year track MSc students will be required to do course work in Microeconomics, Macroeconomics, Econometrics, Applied Econometrics, Applied Economics and a research seminar course that exposes students to different field areas given below. In addition, the candidate will be required to complete a field seminar in a specialized area of economics, which will entail an intensive, structured research interaction between candidates and their MSc thesis supervisor. Finally, every candidate will be expected to complete a substantive thesis, which will be developed in close interaction with their supervisor. The expectation is that the thesis will be a piece of original research that is of international standard. The programme is designed to offer field courses in development economics, applied economics and financial economics.