Programme Details of M.Phil Economics

Programme Name: M.Phil Economics
Introduction:
The Department of Economics is one of the fourteen departments within the Faculty of Social Sciences and Humanities at Allama Iqbal Open University. It was established in 1986 with few introductory courses at intermediate and bachelorís level. The department has, over the years, established itself as a reputable academic department in the country for higher studies and research in Economics. At present, the department offers MSc and MPhil programmes in different field of economics. The department currently has well qualified teaching faculty possessing PhD degree from foreign as well as local well reputed institutions. Further, the department continuously collaborates with economists, academicians and researchers of other academic institutions for student supervision, resource persons and as part-time teaching to the students at all levels.
Economics is a study to know how individuals and societies choose to use the scarce resources, the nature and previous generation have provided. Economics explains how we can achieve a high level of growth and employment, price stability, efficiency, an equitable distribution of income, reduction in pollution, economic freedom, sustainable development, macroeconomic stability and reduction in poverty. All these goals can be achieved if we understand the theoretical concepts on one hand and their applications on the other. There is a positive correlation between research and development. Research is the collection and use of data to test economic theories.
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Admission Requirement:
The candidates having Second Class Master Degree in Economics will be eligible to apply for admission in Mphil Economics.
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Selection Process:
Selection of the candidates will be made strictly on the basis of merit/criteria laid down by the Department/ University.
Duration: Maximum 5 Years
Medium of Instruction: English
Teaching Methodology:
The University allots Study Centre and Tutors for the Students to get guideline accordingly. A student has to secure passing marks in Assignments as well as in final exams to successfully complete concerned Educational Programme.
AIOU Credits Required: 36 Credit Hours
Course Required: Semester: 1
1. ADVANCED MICRO ECONOMICS-2700
2. ADVANCED MACRO ECONOMICS-2701
3. DEVELOPMENT ECONOMICS-2704
4. INTERNATIONAL TRADE THEORY AND POLICY-2705

Semester: 2
1. RESEARCH METHODS-2702
2. APPLIED ECONOMETRICS-2703
3. ENVIRONMENTAL ECONOMICS-2706
4. MONETARY ECONOMICS-2708

Semester: 3
1. THESIS-2710

Semester: 4
1. THESIS-2710

Elective Courses:
Semester:
Collaborations:
Workshop: One Week Workshop per 3 Credit Hours
Thesis: Compulsory
Practical:
Viva: Compulosy
 
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