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Program Objectives

A Ph.D. Program in Economics has been a long-felt need in Pakistan. In recent years, the number of qualified economists has fallen below the country’s requirements. Mass exodus of economists to take up attractive jobs abroad has only aggravated this professional vacuum in various government departments, teaching institutions, and research organizations.

At the start of the new millennium, the role of quality education in creating a better world has become increasingly evident. Educational institutions must train students to effectively address new global challenges in the economic, political, cultural and technological fields. The Ph.D. program at Pakistan Institute of Development Economics (PIDE) has been developed to meet some of these challenges by providing the necessary facilities for training of economists in Pakistan. This program is aimed at imparting a full range of knowledge, awareness, and expertise in economics to meet the challenges of the new millennium, as well as equipping students with the analytical tools necessary for policy-oriented research.

Eligibility Criteria

M.Phil degree in the relevant discipline from any HEC recognized Pakistani university or an equivalent degree with research from any other HEC recognized institution, with at least a First Division (annual system) or CGPA of 3.00 (out of 4.0 in the Semester System). Applicant will be selected on the basis of their performance in the admission test, interview and academic record.

Academic Program

Total Credit Hours (Course Work): 18

Core course credits hrs: 09

Elective courses credits hrs: 09

Comprehensive Exam (Two attempts)

Thesis/Research Work:

Duration: 3 years (with the provision of three years extension)

Besides, Deficiency Courses (15 credit hours on Maximum) as required by the Department of Economics

Ph.D. in Economics programme offer a wide range of specializations. Our Ph.D. Programme prepares students to make significant contribution in the field of applied and policy oriented economic analysis. The normal duration for the course work is one year. However, after admission into the Ph.D. program, students will have to give the deficiency examinations in three core courses of Advance Microeconomic Theory, Advance Macroeconomic Theory and Advance Econometric and two elective courses (courses of M.Phil level). The deficiency examination is conducted in the very first week of the Fall semester each year. If a student succeeds (minimum 65% marks) in all these subjects, he/she can be exempted from these requirements. Students who fail in above course(s) will, first, have to register and qualify the course(s) to strengthen their understanding and making up their deficiencies.

After completion of the coursework requirement, students are required to pass their comprehensive examinations in order to progress to the research stage. Students of Ph.D. Economics must clear course work of 18 credit hours to be qualified for comprehensive attempts. The following scheme of minimum coursework is approved for the Ph.D. program.

Semester Wise Program Structure

S. No

Course

Credits

S. No

Course

Credits

Semester-I

Semester-II

1.

Advance Microeconomic Theory-II

3

4.

Econometric Methods-II

3

2.

Advance Macroeconomic Theory-II

3

5.

Elective-II

3

3.

Elective-I

3

6.

Elective-III

3

Comprehensive Examination: Microeconomic Theory and Macroeconomic Theory (Two attempts)

7.

Thesis Proposal/ Dissertation

 

Core Courses Content

E 700: Advance Microeconomic Theory-II........................................... (Credit Hours 3)

The following topics are covered in this course: Theories of Choice and Production, General Equilibrium Theory, Fundamental Theorems of Welfare Economics, Problems of Market Failure in the Presence of Externalities and Public Goods and Economics of Information, Bargaining, Auctions, Mechanism Design.

E 702: Advance Macroeconomic Theory-II.......................................... (Credit Hours 3)

Economic Growth- Theories and Empirics, Business Cycles, Nominal Rigidities and Economic Fluctuations, Competitive Equilibrium Business Cycles, Overlapping Generation Model (with and without money), Monetary and Fiscal Policy Issues.

E 715: Econometric Methods-II........................................................... (Credit Hours 3)

Simple and Multiple Regression Analysis, Violation of basic assumptions, Estimation with deficient data, Formulation and Estimation of Special Models (qualitative response models), Generalized Linear Regression Model and its Application, Simultaneous Equation Systems, Time Series Analysis, Dynamic Econometric Model.

List of Elective Courses for Ph.D.Program

Code

Title

Credits

E701

Mathematical Economics

3

E710

Public Finance

3

E711

Public Policy

3

E720

Monetary Economics

3

E721

Monetary Policy

3

E722

Financial Economics

3

E730

International Economics

3

E731

International Finance

3

E732

Trade Policy

3

E740

Human Resource Development-I

3

E741

Human Resource Development-II

3

E742

Economics Of Population

3

E750

Industrial Economics

3

E751

Industrial Policy 

3

E760

Development Economics

3

E761

Development Policy 

3

E770

Applied Econometrics

3

E771

Topics in Advanced Econometrics

3

E780

Agricultural Development

3

E781

Agricultural Policy

3

E790

Economic Growth And Distribution

3

Field of Specializations:

  • Development Economics
  • Agriculture Economics
  • Environmental Economics
  • Industrial Economics
  • International Economics
  • Labour Economics
  • Monetary Economics
  • Public Economics
  • Social Economics
  • Financial Economics
  • Health Economics
  • Institutions and Governance

Eligibility Criteria for Comprehensive Exam

A candidate for the Degree of Doctor of Philosophy is required to pass course work of 18 credit hours, comprehensive examinations in the Theory (Microeconomics and Macroeconomics), and defend his/her final thesis successfully.

To obtain credit for a course, a student must obtain a B- grade in the course. After completion of the coursework, a student has to pass comprehensive examinations in Microeconomics and Macroeconomics within two attempts and with a minimum of B- grade in each subject. In normal circumstances, the comprehensive examinations must be undertaken right after the completion of the core courses in microeconomics and macroeconomics on scheduled dates. Permission for late attempts can be granted by the Ph.D. Comprehensive Examinations Committee under special circumstances. If a student fails in any of the comprehensive examinations in the second attempt, he/she will be no more considered a Ph.D. student of the PIDE.

Ph.D Comprehensive Examinations

  1. A Students has to pass comprehensive examinations in the two core subjects (Microeconomics and Macroeconomics for Ph.D. in Economics).
  2. The comprehensive examinations must be taken after the completion of the core courses on scheduled dates (to be notified in the academic calendar). A student can avail any two attempts to appear out of the three consecutive scheduled exams for each Core subjective core courses. After that no late attempts will be allowed.
  3. The exam will be composed of both written and oral in nature.
  4. All candidates will appear in a written comprehensive exam followed by the oral exam.
  5. The Viva-Voce will be taken after one week of written paper/s.
  6. The Viva-Voce exam in addition to passing the written exam will account for Pass/Fail notification in comprehensive exam/s.
  7. There will be one Viva-Voce exam conducted by the comprehensive committee; however, the marks distribution will be divided over each comprehensive exam undertaken.

The marks wise distribution of the two written exams and Viva-Voce shall be:

 

Written

(Total Marks)

Viva-Voce

(Total Marks

Total Marks

Minimum Pass Marks

Paper 1

85

15

100

65

Paper 2

85

15

100

65

Note: If a student fails in any of the comprehensive examinations in the second attempt, he/she shall cease to be a Ph.D. student at PIDE. Similarly, if a student fails to attempt any of the comprehensive exams, he/she shall to be a Ph.D. student at PIDE.

 

Eligibility Criteria for Ph.D Thesis/Dissertation

  1. A student has to pass comprehensive examinations in Microeconomics and Macroeconomics within two attempts.
  2. The VC will appoint a Ph.D. comprehensive examination committee to be headed by the HOD and comprising two faculty members. At least one faculty member of the committee must be taken from the permanent PIDE faculty.
  3. In normal circumstances the comprehensive examinations must be taken after the completion of the core courses in Microeconomics and Macroeconomics on scheduled dates. Permission for late attempts can be granted by the Ph.D. Comprehensive Examinations Committee under special circumstances.
  4. If a student fails in any of the comprehensive examinations in the second attempt, he will cease to remain student of the Ph.D. program.
  5. The comprehensive exams will be valid for 5 years and a student has to re-take the comprehensive exams in case his thesis is not completed.
  6. In addition to the coursework, a student must write a thesis that demonstrates his/her capacity to pursue original research based upon a good understanding of the research techniques and concepts appropriate to the discipline.
  7. The maximum time for the completion of the degree shall be 4 years. However, under exceptional circumstances, an extension may be granted for one year.
  8. In all other respects, the PIDE-Ph.D rules shall be applicable.

Examinations

  1. All midterm examinations are to be conducted at the PIDE premises at the time and in the manner decided by the teacher concerned.
  2. Final examinations of all courses are to be conducted at the PIDE premises and within the period decided by the Examination Office in consultation with the Chairperson.
  3. Candidates unable to appear in the final examination of a course due to unavoidable circumstances or on medical grounds may be allowed to take the exam as notified by the Registrar. The competent authority for the grant of this permission shall be the Chairperson.
  4. There is no provision of re-evaluation of any examination once the results are submitted to the Examination Office. However, within one week of the announcement of the results, a student can request for the rechecking of an answer sheet after payment of rechecking fee as prescribed from time to time. The rechecking is restricted to confirm whether all the questions have been marked and the marks in individual questions add-up exactly to the recorded aggregate marks.
  5. A candidate using unfair means in an examination will be reported by the teacher concerned to the Chairperson who has the authority to prescribe any one of the following penalties.
  1. Cancellation of registration from the Ph.D. program.
  2. Suspension from the Ph.D. program for one or two semesters.

Fees, Dues and Scholarships

PhD (Economics)

Semester

Sr. No.

Description

I

II

III

IV

1.

Admission Fee

10,000

-

-

-

2.

Tuition Fee

29,700

29,700

-

-

3.

Transportation Fee

4,000

4,000

4,000

4,000

4.

Library (Refundable)

5,000

-

-

-

5.

Transcript Fee

500

-

-

-

6.

Research

-

-

20,000

20,000

Total

49,200

33,700

24,000

24,000

During All Remaining Research Semesters; Fee: 24,000/-

PIDE Endowment Fund scholarships, Higher Education Commission (HEC) scholarships and Pakistan Bait-ul-Maal scholarships are among the financial assistance available to students during their academic program.

Contact Us

Dr. Attiya Yasmin Javid

Head of Department

Department Contact

Mr. Muhammad Saleem

Ph: +92-51-9248101

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Pakistan Institute of Development Economics

P.O. Box 1091, Islamabad, Pakistan

 

 

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