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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: 36 Credit Hours

Course Work: 24 Credit Hours

Thesis: 12 Credit Hours

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

Core Courses: 7

Elective Courses: 2

 

Semester wise program structure

1st semester

(Fall)

2nd semester

(Spring)

3rd Semester

(Fall)

4th Semester (Spring)

EFN-600: Microeconomics Theory (3 Credit hrs)

EFN-610 Macroeconomics Theory (3 Credit hrs)

EFN-670 Seminar Series in Applied Economics and Finance Research Methods

Non Credit Core

Thesis

EFN-640 : Financial Theory (3 Credit hrs)

EFN-650 : Financial Econometrics  (3 Credit hrs)

Thesis Proposal

(12 Credit hrs)

EFN-620: Quantitative Methods in Economics and Finance (3 Credit hrs)

EFN-630: Financial Institutions and Markets (3 Credit hrs)

Elective I

(3 Credit hrs)

Elective II (3 Credit hrs)

Total Credit hrs 12

Total Credit hrs 12

Total Credit hrs 12

 

List of Elective Courses

Course Code

Course Name

Credit Hours

EFN-700

Financial Management

3

EFN-703

Monetary Economics

3

EFN-706

Advance Monetary Economics

3

EFN-709

Financial Analysis

3

EFN-712

Project Management

3

EFN-715

Advanced Financial Econometrics

3

EFN-718

Advance Corporate Finance

3

EFN-721

International Finance

3

EFN-724

Advance Portfolio Management

3

EFN-727

Financial Risk Management

3

EFN-730

Behavioral Finance

3

EFN-733

Banking Operations and Risk Management

3

EFN-736

Insurance and Risk Management

3

EFN-739

Financial Derivatives

3

EFN-742

Corporate Governance

3

EFN-745

Multinational Corporate & Finance

3

EFN-748

Regulation of Money Laundering and Finance crimes

3

EFN-751

Economic Development and Finance

3

EFN-754

Emerging issues in Finance

3

EFN-757

Venture Capital and Private Equity Finance in a Global Context

3

EFN-760

Banks Management

3

EFN-763

International Business Strategy

3

EFN-766

Treasury and Funds management

3

EFN-769

Foreign Exchange Management

3

EFN-772

Islamic Banking and Finance Markets

3

 

 

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