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MSc ECONOMICS
2012-2013
msc
economics
The Programme
The LUMS MSc Economics programme has been designed to set a new standard in graduate level economics education in the country, and to meet the growing need for well-trained economists in both the public and private sectors. The programme provides strong grounding in theory and application, and is based upon a rigorous curriculum consisting of core and elective courses with the option of Masters thesis and specialisations in Development Economics, Economic Theory and Finance, Money & Banking. The core courses are Microeconomic Analysis, Macroeconomic Analysis, Econometric Analysis, Mathematical Analysis and Applied Econometrics. The elective courses are offered from the areas of concentration of the available faculty, which include Development Economics, Game Theory and Applied Game Theory, Public Finance, Growth Models, Trade and Development, Political Economy, Industrial Organisation, Labour Economics and Agricultural Economics.
Individuals wishing to pursue a career in economics and related specialties Individuals planning to pursue doctoral studies in economics, public policy and related disciplines Professionals from public sector, regulatory agencies and NGOs Mid-career professional economists Financial sector managers
reSearch FaciliTieS
LUMS envisions becoming a cutting-edge research institute for the region and facilitates research for students and faculty alike. Its multi-disciplinary library serves the faculty, students, researchers and staff of the university. Its collection is ideally suited to encourage and support both scholarly pursuits and practical research activities. Supported by state-of-the-art technology and systems. The library has an extensive collection of over 200,000 printed and 130,000 online books, 35,000 journals, and 30,000 other materials including audios, videos, CD-ROMs, ad DVDs, to facilitate various research and academic pursuits. The Data Resource Unit (DRU) is an online repository of data resources developed by the Department of Economics at LUMS to facilitate academic and policy oriented research on Pakistan. With a few exceptions, the data resources at the Department of Economics mostly consist of individual and household-level data from Pakistans household and labour force surveys, government surveys, financial and provincial development statistics and LUMS surveys. DRU allows its users instant online access to datasets pertaining to millions of households and individuals and accompanying documentation in the form of original questionnaires and additional material e.g., code books and section-wise description of data sets. This exhaustive hub of data resources is constantly being updated. Presently, about 90 datasets are available on-line or offline in SPSS and Stata format.
www.lums.edu.pk
The FaculTy
The MSc economic faculty comprises PhDs from some of the worlds finest institutions, such as Pennsylvania, Cambridge, McGill, Oxford and Princeton, among others. Regular involvement in international conferences and publications keeps LUMS faculty abreast of global education trends. Moreover, eminent visiting scholars further diversify and enrich the learning experience at LUMS. 1. Abid Aman Burki PhD - Kansas State University Research Interests: Stochastic and DEA Frontier Efficiency; Productivity Change; Empirical Consumer Demand Models; Industry/ Sector Studies; Agricultural Development; Dairy Sector; Economic Eevelopment of Pakistan; Services Trade and the WTO 2. Ali Cheema PhD University of Cambridge Research Interests: Institutional and Development Economics, Rent Seeking Theory, Small Firm Growth, Productivity Analysis, and Industrial Economics 3. Antonio Marasco PhD Radboud University Research Interests: Development Economics, Political Economy, Applied Microeconomics 4. M. Farooq Naseer PhD Yale University Research Interests: Development Economics and Applied Microeconomics 5. Hammad Siddiqi Al-Sabah PhD Northern Illinois University Research Interests: Financial Market Puzzles, Incorporating Insights from Psychology into Economic Models, Behavioural Game Theory and inter-linkages between Business Cycles and Economic Growth 6. Kashif Z. Malik PhD Florida State University 7. Khalid Mir PhD University of Essex Research Interests: Child Labour and Globalisation; the Political economy of development: the Role of Institutions in the Transformation to Market Societies 8. Mushtaq A. Khan PhD Kansas State University Research Interests: Labour Economics, Applied Econometrics and Agriculture Economics. 9. Syed Ali Hasnain PhD George Mason University Research Interests: Lab & Field Experiments; Governance; Market Design; Economic Analysis of the Law 10. Syed Zahid Ali PhD McMaster University 11. S.M Turab Hussain PhD University of Essex Research Interests: Exchange Rate Policy, Macroeconomic Policies 12. M. Usman Khan MPhil University of Cambridge Research Interests: Private Sector Development, Industrial Policy, Economic Growth, Strategy and Competitiveness of Industrial Sector 13. Nazish Afraz MSc London School of Economics Research Interests: Policy Evaluation, Impact Assessments and Network Effects particularly pertaining to developing countries Adeel Faheem MSc Toulouse School of Economics Research Interests: Industrial Organisation and Development Economics Syeda Shahbano Ijaz MSc Oxford University Research Interests: State Fragility and Economic Development, using the Collier Hoeffler Models constraints and incentives framework to explore how the presence of civil war impacts development outcomes in a country. Lyyla Khalid MSc University College London Nadia Hassan MSc University of Essex Tareena Musaddiq MSc Univeristy of Warwick Research Interests: Applied Microeconomics, Financial Inclusion and Microfinance, Firm Competitiveness, Labour Economics Nadia Mukhtar MSc LUMS Kiran Naseer MSc LUMS Farah Shahid Hassan MSc LUMS Research Interests: Agricultural Economics 3
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Core Courses for the first year of the Two Year Track Fall Semester
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career ProSPecTS
Graduates of the MSc Economics programme have the option to either seek jobs in the public and private sector or pursue higher studies in Pakistan oursees. The Career Services Office (CSO) assists graduates in seeking placement and applyling for higher studies. LUMS graduates have established themselves as highly marketable individuals with a diverse set of relevant skills. The assistance provided by LUMS helps students make informed career choices. Development, Banking, Education, Research and Consultancy are some of the sectors that actively seek LUMS MSc Economics graduates. Graduates pursuing their doctoral studies concentrate on the areas of Public Policy, Economic Theory, Finance and Development.
Principles of Microeconomics (4 units) Principles of Macroeconomics (4 units) Statistics and Data Analysis (4 units) Mathematics for Economists (4 units)
Spring Semester
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Courses for the One Year Track/ Second Year of the Two Year Track Fall Semester
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Spring Semester
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Macroeconomic Analysis (4 units) Econometrics and Research Methodology 2 (3 units) Elective 2 (4 units) Elective 3/or Masters Thesis (4 units)
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Electives available in Spring semester: 1. Topics in Development Economics 2. Applied Microeconomics 3. Corporate Finance 4. Advanced International Finance 5. Financial Markets and Institutions
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www.lums.edu.pk
The univerSiTy
Established in 1985, Lahore University of Management Sciences ranks amongst the top universities of Pakistan, with a strong dedication to the advancement of knowledge in a broad range of disciplines as its guiding vision. LUMS prides itself on its exceptional faculty and choice of subject offerings including business management, sciences and engineering, humanities, social sciences, economics and law among others.
reSidenTial collegeS
To increase interaction and understanding between newly arriving freshmen and existing students, and encourage personalised interaction with mentors, LUMS has adopted the Residential College model. A residential college is an independently governed community within the university and acts as a faculty-led society for both hostel residents and day scholars. Presently there are four Residential Colleges functioning at LUMS. Each Residential College holds activities and social events for students to build a more cohesive environment and sense of community.
SocieTieS
Students are encouraged to take part in a number of student-run clubs or societies, catering to a diverse range of interests. Whether it is the LUMS Adventure Society (LAS), the LUMS Entrepreneurial Society (LES), the LUMS Model UN Society (LUMUN), or Sports at LUMS (SLUMS), students are made to feel part of the LUMS community.
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admiSSion criTeria
LUMS ensures strict adherence to merit. The admission criteria for the MSc Economics programme is: l Academic record l Entrance GRE (General)/ LUMS Graduate Admissions Test (LGAT) scores l LUMS Placement Test (for one-year track students only) l Letters of recommendation
academic record
Any one of the following academic qualifications will satisfy the eligibility requirements for admission: Sixteen years of education resulting in a Masters or four year Bachelors degree from a recognised university Three year BA/BSc Honours from a recognised international university Students with insufficient training in Mathematics/ Economics are strongly advised to take the two year track. Final decision regarding eligibility for the one-year or two-year programme will be taken by the Admissions Committee. Candidates with degrees from institutions not listed with the Higher Education Commission (HEC) of Pakistan will be required to get an equivalence certificate from the HEC.
enTrance TeST
www.lums.edu.pk
All students applying to the one-year MSc Economics programme must take the placement test. However, this test is not required for candidates applying for the two year track. The placement test is administered in Karachi, Lahore and Islamabad and tests the intermediate level of micro and macro economic theory.
Fee STrucTure
The fee structure for the academic year 2012 2013 is as follows::
Financial aSSiSTance
LUMS provides financial assistance to deserving candidates every year. Scholarships and loans are awarded on need and merit basis. Currently, 45% of the students at LUMS are getting financial assistance in the forms of scholarships and loans which are both need and merit-based. Last year PKR 1, 024, 650 were given as financial assistance to LUMS MSc Economics students.
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Published by: LUMS Marketing & Communications Office Lahore University of Management Sciences Telephone: +92-42-111-11-LUMS (5867) (Ext. 2177) Fax: +92-42-35896559 Email: admissions@lums.edu.pk www.lums.edu.pk
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