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Objectives

Financial economics is an emerging field which has assumed increasing importance at an accelerating rate both as an academic discipline and as an activity in which individuals and business firms get involved. It is a dynamic field with a wide range of issues, faced by developed as well as developing economies, such as rapid globalization and increasing regional financial cooperation. Economists with financial education can help ensure that the financial sector make an effective contribution to real economic growth and development of an economy. In view of importance of this academic discipline, the Pakistan Institute of Development Economics (PIDE) has introduced M.Phil in Economics and Finance from Fall 2011. The aim of this two-year program is to enable the students to critically evaluate the growing sophistications of financial markets and the risk and responsibility associated with economic and financial decisions.

Eligibility Criteria for M.Phil Economics and Finance

Admissions are made once in a calendar year, i.e., July and the semester starts in September. The criteria for admission are based on admission test or GRE score (for foreign students), interview and previous degrees. A person holding a (two years) Master or (four years) BS honor degree with Economics, Economics and Finance, Finance, M.Com etc. from a Pakistani Institute recognized by Higher Education Commission (HEC), or an equivalent degree from any other HEC recognized Institute, with at least a second division (annual system) or CGPA 2.5/4.0 (semester system) can apply for admission to the M.Phil programme.

Academic Program

Total Credit Hours: 42

Core Course Credit hrs: 21

Elective Course Credit hrs: 06

Thesis/Research Work 15

Duration: 2 years (with the provision of one year extension)

 

Semester wise program structure

S. No

Course

Credits

S. No

Course

Credits

Semester-I

Semester-II

1.

EFN-600 Microeconomic Theory

3

5.

EFN-610 Macroeconomic Theory

3

2.

EFN-620 Quantitative Methods for Economics and Finance

3

6.

EFN-722 Financial Theory

3

3.

EFN-710 Financial Institutions and Markets

3

7.

EFN-724 Financial Econometrics

3

4.

Elective I

3

8.

Elective II

3

Semester-III

Semester-IV

9.

EFN- Research Methodology

3

11.

Thesis

9

10.

Research Proposal

6

 

List of Elective Courses

Code

Title

Credits

EFN 700

Financial Management

3

EFN 720

Monetary Economics

3

EFN 721

Advanced Monetary Economics

3

EFN 725

Financial Analysis

3

EFN 727

Project Management

3

EFN 728

Advanced Financial Econometrics

3

EFN 730

Advance Corporate Finance

3

EFN 731

International Finance

3

EFN 735

Advance Portfolio Management

3

EFN 740

Financial Risk Management

3

EFN 745

Behavioral Finance

3

EFN 746

Banking Operations and Risk Management

3

EFN 747

Insurance and Risk Management

3

EFN 748

Financial Derivatives

3

EFN 750

Corporate Governance

3

EFN 751

Multinational Corporate & Finance

3

EFN 752

Regulation of Money Laundering and Financial Crimes

3

EFN 753

Economic Development and Finance

3

EFN 760

Emerging Issues in Finance

3

EFN 770

Venture Capital and Private Equity Finance in a Global Context

3

EFN 780

Banks Management

3

EFN 781

International Business Strategy

3

EFN 782

Treasury and Funds Management

3

EFN 783

Foreign Exchange Management

3

EFN 784

Islamic Banking and Financial Markets

3

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