MPhil Business Economics
Program Introduction
This MPhil program in Business Economics uniquely blends the principles of business and economics, providing a strong foundation of knowledge and skills within a chosen specialization at this intersection. The program aims to empower graduates to independently and critically apply both qualitative and quantitative methodologies, fostering their ongoing development in a dynamic societal context. Ultimately, this MPhil satisfies the educational and career requirements of those seeking a comprehensive business education deeply integrated with expertise in economic policy and an understanding of significant governance issues.
Program Objectives
- To inculcate to apply the basic analytical skills, business acumens and managerial decision-making tools vital for research-oriented business and policy decisions.
- To introduce the students to apply the fundamentals of Micro and Macro Economics theory and practices to enhance their managerial skills.
- To empower the students to evaluate the importance of scope of regional and international trade to Pakistan’s economy and evaluate the effects of government policy measures on trade.
- To apply economic theory and methodology to solve the commerce problems.
Eligibility Criteria:
16 Years of Education in Business Economics and other relevant fields.
Academic Program (MPhil Business Economics)
Program Structure
Total Credit Hours: 36
Course Work: 24
Thesis: 12
Duration: 2 Years (with the provision of a one-year extension)
Total Courses: 8
Core Courses: 6 (First Semester: 4, Second Semester: 2)
Optional Courses: 2 (Second Semester: 2)
Semsester-wise Program Structure for MPhil Business Economics
Program Structure Semester Wise | |||
1st Semester (Fall) | 2nd Semester (Spring) | 3rd Semester (Fall) | 4th Semester (Spring) |
BE-601 Economic Theory (3 credit hours) | BE-604 Data Driven Decision Making and Optimization (3 credit hours) | BE-621 Advance Research Methodology ( Non Credit but Mandatory to Pass this course for thesis registration ) | Thesis (6 credit hours) |
BE-602 Quantitative Methods (3credit hours) | BE-605 Managerial Economics (3 credit hours) | ||
BE-603 Business Modelling (3 credit hours) | BE-606 Public-Private Partnerships: Theory and Practice (3 credit hours) | Thesis (6 credit hours) | |
Elective-01 (3 credit hours) | Elective-02 (3 credit hours) | ||
12 Credits | 12 Credits | 6 Credits | 6 Credits |
- A student will qualify for thesis if he/she attains a minimum 3 CGPA in course work after completion of 2nd semester (excluding Research Methodology).
- any change is subject to approval from Board of Studies (BOS) where required.
Core Course (New Scheme)
Course Code | Course Name | Credit Hours | Pre Requisite |
BE-601 | Economic Theory | 3 | NIL |
BE-602 | Quantitative Methods | 3 | NIL |
BE-603 | Business Modelling | 3 | NIL |
BE-604 | Data Driven Decision Making and Optimization | 3 | NIL |
BE-605 | Managerial Economics | 3 | NIL |
BE-606 | Public-Private Partnerships: Theory and Practice | 3 | NIL |
BE-621 | Advance Research Methodology | P/F | NIL |
Elective Course (Economics Stream)
Course Code | Course Name | Credit Hours | Pre Requisite |
BE-732 | Public Policy | 3 | NIL |
BE-733 | Monetary Economics | 3 | NIL |
BE-734 | Industrial Policy | 3 | NIL |
BE-735 | Resource Economics | 3 | NIL |
BE-736 | Economics of Governance | 3 | NIL |
BE-737 | Agriculture Development | 3 | NIL |
BE-753 | Finance market & Institutions | 3 | NIL |
BE773 | Labour Law | 3 | NIL |
BE-777 | Corporate Governance | 3 | NIL |
BE-778 | Managerial Economics | 3 | NIL |
Note: Any course offered at “MPhil Economics” can be opted under the ‘Economics Stream’, only if approved by the Department Council of BE | |||
Elective Course (Business Studies)
Course Code | Course Name | Credit Hours | Pre Requisite |
BE-751 | Corporate Finance | 3 | NIL |
BE-752 | Investment &Corporate Portfolio | 3 | NIL |
BE-754 | International Finance | 3 | NIL |
BE-761 | International Marketing | 3 | NIL |
BE-763 | New Product Development | 3 | NIL |
BE-771 | Human Resource Management | 3 | NIL |
BE-772 | Industrial Relation | 3 | NIL |
BE-781 | Banks Management | 3 | NIL |
BE-782 | Portfolio Management | 3 | NIL |
BE-783 | Supply Chain Management | 3 | NIL |
BE-784 | Taxation Management | 3 | NIL |
BE-785 | Change Management | 3 | NIL |
BE-786 | Operations Management | 3 | NIL |
BE-787 | Advanced Topics In Managerial Economics | 3 | NIL |
BE-788 | Business Analysis | 3 | NIL |
BE-789 | Big data and Data Visualization | 3 | NIL |
Note: Any course offered at “MPhil Economics and Finance” or “MPhil Econometrics” can be opted under the ‘Business Stream’, only if approved by the Department Council of BE | |||
Course Descriptions:
Course Title: Economic Theory
This course provides a rigorous foundation in both microeconomic and macroeconomic theory essential for advanced economic analysis and policy design. Microeconomics topics include consumer and producer theory, market structures, general equilibrium, and welfare economics. The macroeconomics component explores models of national income determination, inflation, unemployment, monetary and fiscal policy, and long-term growth. Emphasis is placed on formal modeling, analytical reasoning, and applications to real-world economic issues.
Course Title: Quantitative Methods
This course equips students with the essential mathematical and statistical tools necessary for advanced study and empirical research in economics and business. Key topics include linear algebra, calculus, probability theory, and statistical inference. Students will learn how to apply these tools to formulate and solve quantitative problems, perform hypothesis testing, and build and interpret econometric models. The course emphasizes hands-on applications relevant to economic modeling and business analytics.
Course Title: Business Modelling
This course focuses on developing students’ abilities to construct, analyze, and interpret quantitative models for decision-making in business and economic environments. Students learn to apply linear programming, optimization, decision analysis, and simulation techniques to real-world problems. Emphasis is placed on using modeling software such as Excel, R, or Python to support decision-making in areas such as operations, finance, marketing, and strategy. The course combines theoretical instruction with practical case studies.
Course Title: Data Driven Decision Making and Optimization
This course is designed to equip students with analytical and computational tools for making effective, data-informed decisions in complex business and economic environments. It covers data collection, visualization, and interpretation, alongside optimization techniques such as linear, nonlinear, and integer programming. Students will also learn how to apply decision analysis under uncertainty, sensitivity analysis, and scenario planning using tools such as Excel Solver, R, or Python. Emphasis is placed on real-world applications and actionable insights from data.
Course Title: Managerial Economics
Managerial Economics bridges economic theory with business practice, focusing on the application of microeconomic tools to managerial decision-making. Topics include demand analysis, production and cost functions, pricing strategies, market structure analysis, and game theory. The course emphasizes quantitative techniques for solving business problems and understanding the economic environment in which firms operate. Case studies and empirical data are used to support strategic planning and decision-making in uncertain and competitive markets.
Course Title: Public-Private Partnerships: Theory and Practice
This course provides a comprehensive overview of Public-Private Partnerships (PPPs), exploring their theoretical foundations, institutional frameworks, and practical implementations. Students will examine the role of PPPs in infrastructure development and public service delivery, analyze risk-sharing mechanisms, financial structures, and regulatory challenges. Real-world case studies will highlight best practices, lessons learned, and the potential for PPPs to drive economic growth and efficiency. Emphasis is placed on developing policy-relevant insights and evaluating PPP projects from economic and governance perspectives.