MS & PhD in Economics, BS Economics & Mathematics
 
 
- MS Economics
- PhD Economics
- BS Economics & Mathematics
 

 

MS Economics

COURSES OFFERED

Credit Hours:
Credit hours of coursework:          45 (15 courses)
MS Thesis:                                 09
Total credit hours in MS program:  54

Duration:
Duration of the program is 2-2.5 years as evening program. The minimum time required is 2 years while the maximum time allowed is 7 years.

Timings:
Timings of evening program classes are 6:00-7:15 p.m. and 7:40-8:55 p.m.
Each course has two classes in a week: (Mon & Thu), (Tue & Fri), or (Wed and Sat). Students have the option to register in any number of courses each semester. If one registers in three courses in a semester, then these three courses can be taken in three or four days per week. If one registers in two courses offered on the same days, then these two courses can be taken in two days per week. Students can complete MS Economics program in 2-2.5 years by taking three courses in each of Fall and Spring semesters, and two courses in each summer semester.

Option will be available to students either to join morning session or the evening session. However, if sufficient number of students is available only then morning session will also be started.

Eligibility:
  • Minimum 16 years of education/equivalent degree in any discipline recognized by HEC with minimum 2.5 out of 4.0 CGPA or 60% marks in the last degree. All equivalency claims shall be evaluated by HEC.
  • Experience is not mandatory for admission to MS Economics program.
IBA allows the candidates to apply for admission whose final results have not been announced. The admission may be conditional pending submission of the required results before the date of commencement of classes.

Admission Criteria:
Admissions to all programs at the IBA are granted on merit, and there are no reserved seats of any category. The criterion for admission is the performance of the applicant in admission test and interview. The admission test is a written test from three subjects: English, Mathematics and Economics.
Candidates who have a minimum 650 score in quantitative section of GRE (International) or 160 score in quantitative section of Revised GRE (International) are exempted from the IBA admission test.
The candidates who pass the admission test qualify for the interview.
 

Click on Past Entry Test Papers

Fee Structure
 

MS Economics Courses  
S. No. Course Code Course Title Credit Hours Prerequisites
1 ECO531 Microeconomic Theory I 3 Co-requisite: ECO533
2 ECO532 Macroeconomic Theory I 3 -
3 ECO533 Mathematics for Economists 3 -
4 ECO534 Microeconomic Theory II 3 ECO531 
5 ECO535 Macroeconomic Theory II 3 ECO532
6 MTS536 Mathematical Statistics and Linear Algebra 3 -
7 ECO537 Econometrics I 3 -
8 ECO538 Econometrics II 3 ECO537
9 ECO539 International Trade 3 ECO531
10 ECO530 Development Economics and  Issues in Pakistan Economy 3 ECO531, ECO532
11 ECO591 Graduate Research Seminar for MS 3 ECO538, ECO534 & ECO535
12   Elective I 3 (Given in the list)
13   Elective II 3 (Given in the list)
14   Elective III 3 (Given in the list)
15   Elective IV 3 (Given in the list)
16 ECO599 Thesis 9  
 
 

List of Elective Courses

S. No. Course Code Course Title Credit Hours Prerequisites
1 ECO561 Environmental and Resource Economics 3 ECO534, ECO533
2 ECO562 Financial Economics 3 ECO531, ECO533
3 ECO563 Health Economics 3 ECO534
4 ECO564 History of Economic Thought 3 -
5 ECO565 Islamic Economics 3 ECO534, ECO535
6 ECO566 Monetary Economics 3 ECO535
7 ECO567 Public Economics 3 ECO531, ECO532 & ECO533
8 ECO568 Transport Economics 3 ECO534, ECO533
9 ECO571 Industrial Economics 3 ECO534
10 ECO572 General Equilibrium and Welfare Economics 3 ECO534, ECO533
11 ECO573 Game theory and Competitive Strategy 3 ECO534
12 CSE654 Combinatorial Optimization 3 ECO533 & ECO531
 
 
For further information, contact the Program Coordinator Dr. Heman D. Lohano at:
hlohano@iba.edu.pk or 021-38104701
 

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PhD Economics

COURSES OFFERED
PhD program in Economics is a full time morning program. IBA will offer teaching/research fellowship to all students enrolled in the PhD program for which they are paid a monthly stipend and tuition waiver.

Credit Hours:
Credit hours of coursework:             33 (11 courses)
PhD Dissertation:                           27
Total credit hours in PhD program:   60

Duration:
Duration of the PhD program is 4-5 years. The maximum time allowed is 8 years.

Eligibility:
  • MS/MPhil/equivalent degree in Economics or related discipline from HEC recognized local and foreign universities with minimum 3 out of 4 CGPA or 60% marks in the last degree. All equivalency claims shall be evaluated by HEC.
  • Experience is not mandatory for admission to PhD program.
Note:
IBA allows the candidates to apply for admission whose final results have not been announced. The admission may be conditional pending submission of the required results before the date of commencement of classes

Admission Criteria:
Admissions to all programs at the IBA are granted on merit, and there are no reserved seats of any category. The criterion for admission is the performance of the applicant in admission test and interview. The admission test is a written test from three subjects: English, Mathematics and Economics. Candidates who have a minimum 650 score in quantitative section of GRE (International) or 160 score in quantitative section of Revised GRE (International) are exempted from the IBA admission test. The candidates who pass the admission test qualify for the interview. Candidates are required to submit statement of purpose and two reference letters from the institute/university last attended before the interview.
 
 

Click on Past Entry Test Papers

 

 Course Requirements

S.No. Credit Title Credit Hours Prerequisites
1 Microeconomic Theory II 3 -
2 Macroeconomic Theory II 3 -
3 Econometric Analysis I 3 -
4 Microeconomic Theory III 3 Microeconomic Theory II
5 Macroeconomic Theory III 3 Macroeconomic Theory II
6 Econometric Analysis II 3 Econometric Analysis I
7 Elective I 3  
8 Elective II 3  
9 Elective III 3  
10 Elective IV 3  
11 Graduate Research Seminar for PhD 3 Econometrics Analysis II, Microeconomic Theory III
Macroeconomic Theory III
  PhD Dissertation 27  
 

Comprehensive Examinations:
Students are required to pass comprehensive examinations for Microeconomic Theory and Macroeconomic Theory. A maximum of three attempts will be allowed for the comprehensive examinations. However, students are required to pass both comprehensive examinations within two years from the commencement of PhD program.

Oral defense of the PhD dissertation proposal:

At the end of the third year, students are expected to present and defend their Ph.D. proposal before the dissertation committee.

Dissertation Defense:

We expect students to submit and defend their dissertation (27 credit hours) within the next two years.

Major Areas of Specialization:
Macroeconomics
Development Economics
International Trade
Public Finance
Monetary Economics
Environmental Economics
Industrial Organization
Financial Economics
Labor Economics

Note:
New courses can be added to the list depending on the availability of faculty.

 
For further information, contact the Program Coordinator Dr. Heman D. Lohano at:
hlohano@iba.edu.pk or 021-38104701
 

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BS Economics & Mathematics  

 

BS (Economics and Mathematics) is a 4-year degree program with double majors in economics and mathematics. It is designed to give students a solid foundation in both economics and mathematics. The program provides a well coordinated curriculum for students interested in pursuing masters or PhD in economics and mathematics. It prepares the students for entry level positions in private and public sector corporations, banks, insurance companies, investment companies education and research organizations. The program consists of 150 credit hours. Major disciplines of economics and mathematics have 54 credit hours each. The remaining 42 credits are for university core courses and courses from other disciplines like social sciences, management and accounting. The wide range of courses offered in this program gives students ample opportunity to broaden their knowledge base. The economics research project in the fourth  year enables students to apply the quantitative tools learnt in the program to real economics and financial problems in the public and private sectors.

ADMISSION REQUIREMENT

BS applicants must possess a mathematical background. Applicants must have completed their:

Higher Secondary School Certificate (Pre-Engineering or General Group with Mathematics) with a minimum of 60% marks

OR

‘A’ Levels with a minimum of 1 ‘B’ and 2 ‘C’s in 3 principal subjects (including Mathematics) such that there should be no grade less than ‘C’ across the 3 principal subjects.

OR

American High School Diploma with a minimum of 80% or an International Baccalaureate with at least 25 points out of 45.

 

CONTACT INFORMATION

For any queries regarding the program, please contact:

Sana Tauseef

Program Coordinator, BS Economics and Mathematics

Email: sasghar@iba.edu.pk

Phone: 111-422-422 (Ext: 2611)

 

CURRICULUM STRUCTURE

Duration: 4 years

Semesters: 8

Courses: 48

Research Project: 1

Total Credit Hours: 150

 

Required Courses

Section

Knowledge Area

Credit Hours

A

University Core Courses

12

B

Economics

54

C

Mathematics

54

D

Non-Specialization Area

30

 

 

A. University Core Courses

Course Title

Course Code

Total Credit Hours

English Grammar and Composition

SSC101

3

Speech Communication

SSC201

3

Pakistan History

SSC151

3

Islamic Studies/ Ethics

NA

3

 

B. Economics

Course Title

Course Code

Total Credit Hours

Principles of Microeconomics

ECO103

3

Principles of Macroeconomics

ECO104

3

Intermediate Microeconomics

ECO113

3

Intermediate Macroeconomics

ECO114

3

Microeconomics

ECO312

3

Macroeconomics

ECO313

3

Development Economics

ECO301

3

Major Issues in Pakistan’s Economy

ECO403

3

Research Methods in Economics

ECO411

3

Introduction to Econometrics

ECO341

4

Applied Econometrics

ECO342

4

International Trade

ECO412

3

Economics Elective-1

ECO×××

3

Economics Elective-2

ECO×××

3

Economics Elective-3

ECO×××

3

Economics Elective-4

ECO×××

3

Economics Research Project

ECO441

4

 

C. Mathematics

Course Title

Course Code

Total Credit Hours

Calculus-1 & Plane Geometry           

MTS101

3

Mathematical Methods

MTS110

3

Calculus-2 & Solid Geometry

MTS232

3

Linear Algebra

MTS203

3

Discrete Mathematics

MTS211

3

Differential Equations

MTS401

3

Real Analysis 

MTS301

3

Complex Analysis

MTS302

3

Advanced Differential Equations      

MTS303

3

Stochastic Processes

MTS304

3

Abstract Algebra-I

MTS305

3

Numerical Analysis

MTS306

3

Functional Analysis-1

MTS411

3

Functional Analysis-2

MTS412

3

Abstract Algebra-II   

MTS413

3

Scientific Computing for Linear PDEs.

MTS414

3

Mathematics Elective-1

MTS×××

3

Mathematics Elective-2

MTS×××

3

 

D. Non-Specialization Area

Course Title

Course Code

Total Credit Hours

Introduction to Computer Applications

MIS103

3

Essential Software

MTS111

3

Introduction to Statistics

MTS102

3

Statistical Inference

MTS202

3

Applied Probability

MTS112

3

Regression Analysis and Experiment Design

MTS210

3

Non-Specialization Elective-1

××××××

3

Non-Specialization Elective-2

××××××

3

Non-Specialization Elective-3

××××××

3

Non-Specialization Elective-4

××××××

4

 

ECONOMICS ELECTIVES

Course Title

Course Code

Total Credit Hours

Public Finance

ECO451

3

Islamic Economic System

ECO452

3

Labor Economics

ECO453

3

Population Economics

ECO454

3

Comparative Economic System

ECO455

3

Natural Resource and Environmental Economics

ECO461

3

Monetary Economics

ECO466

3

Rural Development

ECO462

3

Financial Economics

ECO463

3

Game Theory

ECO464

3

International Political Economy 

ECO465

3

Health Economics

ECO471

3

Resource Economics

ECO463

3

Welfare Economics

ECO473

3

Urban Economics

ECO472

3

Regional Economics

ECO469

3

Agricultural Economics

ECO468

3

History of Economic Thought

ECO467

3

Economics and Strategy

ECO456

3

 

MATHEMATICS ELECTIVES

Course Title

Course Code

Total Credit Hours

Numerical Solutions of PDE

MTS431

3

Integral Equations

MTS432

3

Advanced Numerical Analysis I

MTS433

3

Advanced Numerical Analysis II

MTS434

3

Differential Geometry

MTS435

3

Fluid Dynamics I

MTS437

3

Fluid Dynamics II

MTS438

3

Financial Mathematics with a computational approach

MTS441

3

Computational Finance

MTS442

3

Modern Algebra I  (Galios Theory & Applications)

MTS443

3

Modern Algebra II (Commutative Rings & Fields)

MTS444

3

Measure Theory I

MTS445

3

Measure Theory II

MTS446

3

Operations Research I

MTS447

3

Operations Research II

MTS448

3

Topology I

MTS451

3

Topology II (Differential Topology)

MTS452

3

     
     

 

NON-SPECIALIZATION ELECTIVES

Course Title

Course Code

Total Credit Hours

Political Science

NA

3

Foundation of Human Behavior

SSC102

3

Social Psychology and Self Development

SSC103

3

Principles of Accounting-I

ACC111

3

International Relations

SSC111

3

Introduction to Business Finance

FIN201

3

Financial Institutions and Markets

FIN301

3

Principles of Marketing

MKT201

3

Marketing Issues in Pakistan

MKT401

3

Principles of Management

MGT201

3

Human Resource Management

HRM401

3

 
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