The Department of Finance and Economics offers a two-year MS program in Economics & Finance, which equals 18 years of education. This program is in line with the Higher Education Commission (HEC) curriculum. The MS in Economics & Finance is an Applied Economics degree geared towards students who wish to pursue their career as Applied Economists in commerce, financial institutions, stock markets, government and academic areas. In addition, an excellent preliminary training will be provided to those who wish to pursue further research for a PhD in the areas of Economics & Finance. The demand for such a program has been apparent to us for quite some time and we have developed the curricula keeping in view the challenging needs and problems of our country, and those of the world in general.
Career Prospects
- The Master of Science in Economics & Finance (MS-EF) program offers a professional graduate course of study designed to provide competency in fields of Finance, Economics and Research.
- The MS-EF degree program is both decision and policy oriented and focuses on key aspects of modern business in banking and finance.
- It also prepares students for a variety of leadership positions not only in the field of Finance but also in the field of Economics such as different applied and research roles especially in central bank (SBP) and simultaneously in commercial banks.
- The MS-EF program graduates can pursue career towards financial consultancy with special focus on research skills acquired during their course of study.
- The graduates of MS-EF program (due to its academic and research vigor) also have opportunities in the Academic side such as teaching in higher educational institutions.
- The MS program in Economics and Finance is designed to prepare graduates for managerial and administrative roles in business, industry and government on the national and international levels.
Program Educational Objectives (PEOs)
| PEO-1 | To provide in depth knowledge of economic theories related to economic growth, investment and consumption. |
| PEO-2 | To provide awareness about current economic condition of Pakistan and the world. |
| PEO-3 | To make students aware about theories of accounts and finance practices. |
| PEO-4 | To update students’ knowledge related to latest banking rules and regulation. |
| PEO-5 | To make them well-versed to carry out research independently. |
| PEO-6 | To train them about the skills of operating economic, financial and statistical research software |
Program Learning Outcomes (PLOs)
| PLO-1 |
Students be able to describe theories of Economics and Finance. |
| PLO-2 |
Students can critically analyze economic and business environment of Pakistan |
| PLO-3 |
Students will be able to develop research proposal in their area of interest. |
| PLO-4 |
They can use different statistical, financial and econometric research softwares’ to analyze data and infer results. |
| PLO-5 |
MS-EF students can understand current trends, regulations and restriction for fair banking practices |
| PLO-6 |
They can teach courses of Economics and Finance at higher level. |
ADMISSION REQUIREMENTS
- Sixteen years of schooling or four-year of relevant education after intermediate with minimum 50% marks or minimum CGPA 2.0/4.0.
- MAJU Admission Test/HEC Test
- Interview
DURATION
- This is normally a 2-year program comprising of course works and thesis.
DEGREE REQUIREMENTS
- Each candidate for the MS Economics & Finance degree is required to complete 30 credits hours with a minimum of 2.5 / 4.0 CGPA.
Deficiency Courses
| Course Title | Course Code | Cr. Hrs. |
| Introduction to Business Finance | FN2300 | 3 |
| Basic Econometrics | EC4110 | 3 |
| Business Economics | EC1020 | 3 |
Elective Courses
1. Economics
| Course Title | Course Code | Cr. Hrs. |
| Advanced Econometrics | EC5030 | 3 |
| Advanced Mathematical Economics | EC6100 | 3 |
| Issues in Pakistan Economy | EC6310 | 3 |
| Advanced Development Economics | EC6320 | 3 |
| Advanced Monetary Economics | EC6330 | 3 |
| Islamic Finance | EC6340 | 3 |
| Labor Economics | EC6350 | 3 |
| Public Finance | EC6360 | 3 |
2. Finance
| Course Title | Course Code | Cr. Hrs. |
| International Finance | FN5310 | 3 |
| Advanced Portfolio Management | FN6500 | 3 |
| Contemporary Issues in Banking and Finance | FN6510 | 3 |
| Financial Econometrics | FN6520 | 3 |
| Advanced Financial Derivatives | FN6530 | 3 |
3. Other
| Course Title | Course Code | Cr. Hrs. |
| Advanced Research Methods | EC5400 | 3 |
SCHEME OF STUDIES
Semester - 1
| Course Code | Course Title | Lec. Hrs | Lab. Hrs | Cr. Hrs. | |
| EC | 5000 | Advance Microeconomics | 3 | 0 | 3 |
| EC | 5400 | Advanced Research Methods | 3 | 0 | 3 |
| FN | 5320 | Theory and Practice of Finance | 3 | 0 | 3 |
Semester - 2
| Course Code | Course Title | Lec. Hrs | Lab. Hrs | Cr. Hrs. | |
| EC | 5010 | Advanced Macroeconomics | 3 | 0 | 3 |
| EC | XXXX | Elective I (Economics) | 3 | 0 | 3 |
| FN | XXXX | Elective I (Finance) | 3 | 0 | 3 |
Semester - 3
| Course Code | Course Title | Lec. Hrs | Lab. Hrs | Cr. Hrs. | |
| EC | 6400 | Thesis (Phase I) | 3 | 0 | 3 |
| EC | XXXX | Elective II (Economics) | 3 | 0 | 3 |
| FN | XXXX | Elective-II (Finance) | 3 | 0 | 3 |
Semester - 4
| Course Code | Course Title | Lec. Hrs | Lab. Hrs | Cr. Hrs. | |
| EC | 6410 | Thesis (Phase II) | 3 | 0 | 3 |
