The MS in Finance & Economics program provides high-quality postgraduate education in finance & economics in a research-active and intellectually challenging environment. The program builds a coherent foundation for intuitive economic ideas and rigorous analytical skills in finance and economics by engaging students in analyzing issues of interest to global corporations, financial institutions, and international investors. Therefore, the program aims to make students proficient in examining current financial and economic problems, exploring feasible strategies, and applying relevant knowledge and analytical models to help corporations, institutions, and investors achieve optimal outcomes and solutions from a global perspective.
This MS program is a weekend program and is spread across three semesters. There are two streams available for MS. One Stream is by Course Work and other one is by Research Work. In Course Work Stream, the student is required to complete 10 courses of 3 credit hours each. In Research Work Stream, the student is required to complete 8 Courses and Two IRS OR one Thesis. In both the streams, 30 credit hours are to be completed. The time limit to earn an MS degree is from 1.5 to 4 years. As per HEC guidelines, all MS students are required to clear GAT General test or HAT relevant with minimum 50% score.
1. MS by Course Work Stream: The Scheme of Study is as follows:
2. MS By Research Work Stream: The Scheme of Study is as follows:
Semester-wise Breakup
| Stream 1: Course Work | Stream 2: Research Work |
|---|---|
| First Year | First Year |
| Fall Semester | Fall Semester |
| Research Methods & Techniques | Research Methods & Techniques |
| Strategic Finance | Strategic Finance |
| Financial Econometrics | Financial Econometrics |
| Economic Theory | Economic Theory |
| Spring Semester | Spring Semester |
| Quantitative Tools for Research | Quantitative Tools for Research |
| Mathematics for Economics and Finance | Mathematics for Economics and Finance |
| Program Elective I | Program Elective I |
| Program Elective II | Program Elective II |
| Second Year | Second Year |
| Fall Semester | Fall Semester |
| Program Elective III | IRS I |
| Program Elective IV | Thesis (Part I) |
| Spring Semester | |
| IRS II Thesis (Part II) |
| Second Year | Second Year |
|---|---|
| Fall Semester | Fall Semester |
| Program Elective III | IRS I |
| Program Elective IV | Thesis (Part I) |
| Spring Semester | |
| IRS II Thesis (Part II) |
Note: Maximum course load for a semester is 4 courses (12 credit hours). Summer is not a regular semester; therefore, summer courses are not offered regularly.
Program Elective courses may vary from time to time. All courses may not necessarily be offered every year.
“The students are required to take two electives from finance stream and two from the economics respectively”
Students cannot register in Independent Research Study (IRS) OR thesis without completing six compulsory courses.
Courses List:
| Core Course | Finance Program Electives | Economic Program Electives |
|---|---|---|
| Research Methods & Techniques | Empirical Asset Pricing | Behavioral and Experimental Economics |
| Strategic Finance | Data Science for Finance | Health Economics |
| Financial Econometrics | Derivatives and Financial Risk | Introduction to Game Theory |
| Quantitative Tools for Research | Islamic Economics & Finance | Economic Theory |
| Mathematics for Economics and Finance | Alternative Investments | Public Economics |
| Behavioral Finance | Environmental Economics | |
| Financial Modelling with Software Theory of Finance | Development Economics | |
| Financial Time Series. | Industrial Economics |