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MPhil in Economics

Programme Mission:
The MPhil program at Lahore School aims to produce intellectuals, researchers and professionals in the field of economics. The course work should provide analytical training to students through seminars, econometrics workshops and advanced level classroom lectures and should match international standards of academics and research. The year-end dissertations will be aimed to emphasize leading areas of research where students will be required to use latest econometric techniques and methodology to prepare them for the practical field as well as post-graduate degree (PhD).

The MPHIL Economics programme requires completion of 30 credit hours of coursework and an MPhil thesis (6 credit hours). The program is broad enough to offer three specializations (streams) that are especially designed keeping in view the future placement of the students.

  1.  Quantitative Economics
  2. Development Economics
  3.  Trade and Public Policy
  4. Data Analytics

The program consists of core courses, specialization courses, electives and brush-up courses to help students to optimally tailor their specialization and course choices according to their learning objectives and professional aspirations. The Quantitative Economics Stream offers strong theoretical and quantitative skills to prepare students for PhD programs. The students graduated with this stream are fully prepared to start a PhD in Economics program at any top university. The Development Economics, and Trade and Public Policy Streams develop applied skills for professional careers with concentration on Micro-development and Macro-development issues, respectively. The students graduated with these streams are fully prepared to take on professional career in central banks, international institutions, government ministries and departments, development sector, and research centers/think tanks.

Core courses (Mandatory for all the streams)

  1. Mathematical Economics
  2. Econometrics I
  3. Theories of Economic Growth
  4. Decision Theory: Producers and Consumers
Specialization courses
1: Quantitative Economics 2. Development Economics 3. Trade and Public Policy Stream  
  1. Game Theory and Information
  2. Business Cycles & Monetary Policy
  3. Econometrics II
  4. Applied Development
  1. Economic Development
  2. Applied Development
  3. Econometrics II
  4. Market Structures & Firm Dynamics
  1. International Trade: Theory and Evidence
  2. Trade in General Equilibrium
  3. Business Cycles & Monetary Policy
  4. Market Structures & Firm Dynamics
  1. Elective Course 1
  2. Elective Course 2

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First Year First Year First Year
STREAM 1: Quantitative Economics
Winter Term: Sept. – Dec		 STREAM 2: Development Economics
Winter Term: Sept. – Dec		 STREAM 3: Trade and Public policy
Winter Term: Sept. – Dec
  1. Mathematical Economics
  2. Econometrics I
  3. Theories of Economic Growth
  4. Decision Theory: Producers and Consumers
  1. Mathematical Economics
  2. Econometrics I
  3. Theories of Economic Growth
  4. Decision Theory: Producers and Consumers
  1. Mathematical Economics
  2. Econometrics I
  3. Theories of Economic Growth
  4. Decision Theory: Producers and Consumers
Spring Term: Jan. – May Spring Term: Jan. – May Spring Term: Jan. – May
  1. Business Cycles and Monetary Policy
  2. Game Theory and Information
  3. Econometrics II
  4. Applied Development
  1. Economic Development
  2. Applied Development
  3. Econometrics II
  4. Market Structures and Firm Dynamics
  1. International Trade: Theory and Evidence
  2. Trade in General Equilibrium
  3. Business Cycles and Monetary Policy
  4. Market Structures and Firm Dynamics
Summer Term : June. – August Summer Term : June. – August Summer Term : June. – August
  1. MPhil Research Proposal
  1. MPhil Research Proposal
  1. MPhil Research Proposal
Second Year
Winter Term: Sept. – Dec		 Second Year
Winter Term: Sept. – Dec		 Second Year
Winter Term: Sept. – Dec
  1. (Optional Course)
  2. (Optional Course)
  3. MPhil Thesis
  1. (Optional Course)
  2. (Optional Course)
  3. MPhil Thesis
  1. (Optional Course)
  2. (Optional Course)
  3. MPhil Thesis
Spring Term: Jan. – May Spring Term: Jan. – May Spring Term: Jan. – May
  1. MPhil Thesis (Contd)
  1. MPhil Thesis (Contd)
  1. MPhil Thesis (Contd)
CORE COURSES SPECIALIZATION COURSES OPTIONAL COURSES
  1. Mathematical Economics (ECO 614)
  2. Econometric I (ECO 613)
  3. Theories of Economic Growth (ECO 620)
  4. Decision Theory: Producers and Consumers (ECO 619)
 Quantitative Economics
  1. Business Cycles and Monetary Policy (ECO 753)
  2. Game Theory and Information (ECO 752)
  3. Econometrics II (ECO 716)
  4. Applied Development (ECO 724)
Development Economics
  1. Economic Development (ECO 715)
  2. Applied Development (ECO 724)
  3. Econometrics II (ECO 716)
  4. Market Structures and Firm Dynamics (ECO 725)
Trade and Public Policy
  1. International Trade: Theory & Evidence (ECO 726)
  2. Trade in General Equilibrium (ECO 727)
  3. Business Cycles and Monetary Policy (ECO 753)
  4. Market Structures and Firm Dynamics (ECO 725)
  1. Applied Development (ECO 724)
  2. Econometrics II (ECO 716)
  3. Game Theory and Information (ECO 752)
  4. Business Cycles and Monetary Policy (ECO 753)
  5. Economic Development (ECO 715)
  6. Developing Economies: Theory and Practice (ECO 754)
  7. Experimental Methods and Behavioral Economics (ECO 703)
  8. Market Structures and Firm Dynamics (ECO 725)
  9. Trade in General Equilibrium (ECO 727)
  10. International Trade: Theory & Evidence (ECO 726)

Length of MPhil in Economics Programme and Graduation Requirements: The MPhil in Economics Programme is a 2 to 3-year degree programme requiring completion of 36 credit hours. A CGPA of 3.0 in coursework and an MPhil thesis is required to graduate from the programme.
Credit Hours and Courses: All courses are three credit hours except the MPhil Thesis which is 6 credit hours.
Semester Schedule: The academic year consists of 2 Semesters (Winter and Spring) and a Summer Term. The Winter Semester from September – December and Spring Semester from January - May consist of 16 -18 weeks each including one week for Mid Semester Exams and one week for Final Semester Exams. The Summer Term will be from June – August for 9- 11 weeks.
Entrance Requirements: Admission to the Lahore School’s MPhil in Economics programme is regulated through (i) HAT 3- Social Sciences (ii) previous academic record (iii) an interview process. Candidates with sixteen years of schooling (subject area economics) or 4 years BSc (Hons) Economics graduates with a minimum CGPA of 3.0 and above are eligible to apply for the MPhil in Economics programme.
Post Graduate Diploma (PGD) in Economics: MPhil Students unable to proceed further in the MPhil Programme may be eligible for PGD. The PGD in Economics requires completion of 24 credit hours of MPhil coursework and a CGPA of 2.5.
Transfer to MS in Economics Programme: Students registered in the MPhil in Economics Programme based on their academic performance, may be given an option with the permission of the Dean of the Faculty to transfer to the MS Programme at the end of the second semester.


The Lahore School of Economics has the right to make modifications in its Policies including Admission Policies, Fees, Courses, Course Sequence, Seminar, Tutorial and Graduation requirements for any Undergraduate/ Graduate Programme. The School also reserves the right to prescribe pre-requisite course work to a candidate exclusive of regular coursework for the MS/MPhil/PhD Programme.