This program is recommended for students interested in having specialized training in quantitative methods for model building and empirical analysis. It will develop and sharpen the analytical skills of the students to unlock value in economic data. It is ideal program for those who wish to excel in the advance field of economics. The first two years of program consists of basic theoretical and quantitative economics along with mandatory general courses. In the following two years students will take a wide range of advance courses on various dimensions of economic analysis along with concentration in econometrics, like panel data analysis; time series econometrics; general equilibrium analysis; advance mathematical economics; dynamic modeling; applied econometrics; micro data handling; non-parametric analysis; consumer demand modeling; and forecasting methods & applications. At the completion of degree, students are expected to have:

 

  • Essential theoretical knowledge to understand the complexities underlining economic phenomenon.
  • Developed understanding of linkages and dependency between variables affecting economic outcomes at individual, social and international level.
  • Understood wide range of quantitative tools necessary to design logic driven models of economic phenomenon and their testing using data.
  • Sound grip on major econometric techniques dealing with time series, cross sectional, panel & pooled data.
Scheme of Studies:
Semester 1 Semester 2
Course CHrs Course CHrs
Writing & Communication Skills 3 Basic Mathematics for Economists 3
Pakistan Studies 3 Islamic Studies 3
Linear Algebra 3 Fundamentals of Macroeconomics 3
Fundamentals of Microeconomics 3 Introduction to Statistical Methods for Economists 3
Elective 1 – Academic & Research Ethics 3 Elective 2 – Logic Building: How to think clearly 3

 

Semester 3 Semester 4
Course CHrs Course CHrs
Introduction to Computing 3 Econometrics I 3
Intermediate Microeconomics 3 Advance Mathematical Economics 3
Intermediate Macroeconomics 3 Public Sector Economics 3
Advance Statistical Methods 3 Principles of Engineering Economics 3
Elective 3 – Essentials of Sociology 3 Elective 4 – Advance Writing Skills 3

 

Semester 5 Semester 6
Course CHrs Course CHrs
Research Methods & Computer Applications 3 General Equilibrium Analysis 3
Econometrics II 3 Topics in Micro data Handling 3
Development Economics Theory 3 Game Theory 3
Economics, Politics & History: Institutional Design & Institutional Change 3 Panel Data Analysis 3
Elective 5 – Social Work & Community Development 3 Managerial Economics 3
Seminar I 1 Seminar II 1

 

Semester 7 Semester 8
Course CHrs Course CHrs
Research Project / Dissertation I 3 Research Project / Dissertation II 3
Dynamic Modeling 3 Applied Econometrics II 3
Applied Econometrics I 3 Time Series Econometrics 3
International Trade Theory 3 Consumer Demand Modeling 3
Nonparametric Methods using R 3 Forecasting Methods & Applications 3
Seminar in Econometrics 1 Seminar in Econometrics 1

In addition to the course work, as described, Internship / Industry experience of 6 credit hours will be offered in summer semester tentatively after 5th Semester (junior year). This is mandatory for all students.