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Master of Social Science in Economics

  • Outline
  • Admission Criteria
  • General Guideline
  • Course List

Faculty: Faculty of Arts & Social Science (FASS)

Department: Department of Economics

Program: Master of Social Science in Economics

Course Outline

Broad Objectives:

• To encourage critical and strategic ways of thinking using the principles of economics. The objective is to generate an appreciation of economic dimensions extending to social, political, environmental and international issues. 

Specific Objectives:

• To provide basic understanding and/or basic principles of economic theory and policy and how they apply to a wide range of real world issues.

• To train the students to utilize the techniques of Mathematics, Statistics and Modern Technology as tools of economic analysis.

• To master the theoretical and applied tools necessary to conduct economic research.

• To deliver specific knowledge, understanding and skills which are relevant to a variety of career aspiration including post-graduate study in areas closely related to economics.

• To deliver specific knowledge of relevant mathematical, statistical, and econometric methods and the ability to employ specific software.

Applied only for students, completed undergraduation from BUP.

1st Semester

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Objectives

  • The course provides a theoretical analysis of international trade topics with reference to empirical evidences. The students upon the completion of this course will learn the main empirical patterns of international trade and how to access the sources of this information. They will become familiar with the concept of comparative advantage, study models showing how technological differences, differences in resource endowments and economies of scale determine trade patterns and income distribution. The effects of various trade policy instruments on welfare will be analyzed as well.

Outcomes

  • On successful completion of the course, the students will be able to:
  • 1. Describe and interpret the assumptions and structure of standard models of international trade theory and policy.
  • 2. Use the models of international trade to interpret and analyze real issues in international economics.
  • 3. Describe and interpret how institution and policy affect international trade.
  • 4. Provide students with the necessary tools that would be required to produce research in the respective field and how they might use it to address important trade policy questions.

References

  • 1. Feenstra, R. (2004), Advanced International Trae: Theory and Evidence, Princeton University Press
  • 2. Krugman, P. and Obstfeld, M. (1988), ‘’International Economics: Theory and Policy, 6th Edition, Addison Wesley, London
  • 3. Markusen, et al. (2000), International Trade: Theory and Practice, McGraw-Hill, Inc
  • 4. International Trade Theory and Policy, International Edition, Miltiades Chacholiades
  • 5. International Economics, 11th Edition, Dominick Salvatore, Fordham University.

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2nd Semester

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Objectives

  • It is aimed at providing a strong background in the field of graduate macroeconomics. It enables students to be familiarized with the models of economic growth, consumption and investment theory, business cycles and labor markets.

Outcomes

  • On successful completion of this course students will be able: 1 To gain confidence with the basics of Advanced Macroeconomic Theory 2 To develop analytical skills 3 To develop organizational skills 4 To develop both independent learning and group work skills 5 To develop verbal and non-verbal communication skills 6 To successfully use macroeconomics in economics and business applications.

References

  • 1. Lars Ljungqvist and Thomas J. Sargent, Recursive Macroeconomics Theory, 2nd edition, The MIT Press (2004) 2. Thomas Cooley, Frontiers of Business Cycle Research, Princeton University Press (1995) 3. Romer, D. Advanced Macroeconomics, 4th edition, McGraw-Hill. 4. Blanchard, O. & S. Fischer. Lectures on Macroeconomics, MIT Press.

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  • The objectives of this course are to enable the students to-  The main objective of the course is to make students be able to apply the tools of advanced microeconomic theory to understand and model strategic decision making.  Prepare the student for a better understanding of the concepts of the other applied courses in economics  Understand and relate the real-life problems through the well understanding of the theoretical concepts.

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References

  • Main Reference • Microeconomic Theory by Andreu Mas–Colell, Michael D. Whinston and Jerry R. Green, Oxford University Press. 1995 • Game Theory for Applied Economists. Robert Gibbons. Princeton University Press. 1992. • Game Theory Lecture Notes. Matthew Hoelle, Purdue University.2014 • Strategy and Game Theory: Practice Exercises with Answers. Munoz-Garcia, F. and D. Toro-Gonzalez. Springer Verlag