Master of Economics

Master of Economics program in is designed to equip students with the tools of the professional economist to tailor with the global economic workforce. The program offers comprehensive instruction in a wide range of areas related to economics, including Economic Development, Microeconomics, Macroeconomics, Islamic Economics and Econometric. The program curriculum guide focuses on developing an understanding of key theoretical concepts and on practicing skills associated with the areas of Economics studies. There is a balance of personal and work-based skills promoted throughout the guide. Professionals can assess the needs, define the problems, evaluate goals, relate to the theory, opt for quantitative analysis and evaluate policies. The solid mathematical, quantitative and analytical skills that students acquire in an economics degree program are highly in demand in the market that makes one of the highest paid degrees in the job market.

Master of Economics program is intended to train professional economists with the knowledge and skills needed for a successful career. The student will have acquired practical and conceptual skills in research, consultancy, planning, design, development, operation and maintenance founded on principles, economic theory and various applied fields. The program of Master of Economics will produce Economists who are:

• Knowledgeable to identify the complex economic mechanism and policies regarding utilization and allocation of resources and capital.
• Capable of inculcating systematic, rigorous, and ethical social responsibility through value and attitudes.
• Capable of communicating effectively and developing solutions to economic problems.
• Proficient in lifelong learning skills of modern economics resources and information management by pursuing advanced educational opportunities.

Economics has high utility and tremendous demand in the job markets. Economics is a very important discipline both for career as well as job point of view. Job opportunities have increased manifolds post liberalization, privatization, and globalization and after merging of world economy. Moreover, the master graduates can work as economic analysts, researchers and consultants and also for the civil services. Master’s degree in Economics would provide opportunity for the posts of Accountant financial manager in bank and Insurance companies and in Government Economic Service. Possible job titles could include:

• Industrial economists
• Micro economists
• Financial economists
• Macro economists

1. Economic Development
2. Economics of Growth and Development
3. Microeconomics
4. Econometric
5. Fundamentals of Mathematics and Statistics
6. International Trade and Finance
7. Macroeconomics
8. Research Methodology
9. Islamic Economics
10. Economics of Natural Resources
11. Environmental Economic Development
12. Monetary Theory and Policy
13. Computer Modeling for Application of Economics
14. Project Work

A Bachelor’s Degree [Level 6] in Economics field with a minimum CGPA 2.50 out 4.00 or its equivalent qualifications as accepted by the HEP Senate; or

A Bachelor’s Degree (Level 6) in Economics field with Mathematics with CGPA below 2.50 out of 4.00 or its equivalent qualification can be accepted, subject to a minimum of five (5) years of working experience in relevant field; or

Bachelor Degree (Level 6, MQF) in Business Management/Administration with Economics as Major module.

English Requirements:

International students must have proof of good proficiency in verbal and written English. For example, International English Language Testing System (IELTS) score of 6.0 or its equivalent. If a student does not meet this requirement, HEPS must offer English proficiency courses to ensure that the student’s proficiency is sufficient to meet the needs of the programme.