MPhil Economics

Program Description

To enhance the analytical skills and economic reasoning, in line with market needs, MPhil Economics program is being offered under the faculty of Business & Commerce of GIFT University, Gujranwala. This degree will provide support to the industrial sector and the community in a wide variety of areas, along with high-quality education in the field of economics and econometrics. Similarly, the focus of the MPhil Economics program is to develop economic reasoning and analytical skills to fulfill the industrial as well as corporate sector need of understanding the advance level economic decisions and planning.
The two years program consists of 30 credit hours all together, offering course work. In the first year of the degree, students will take 2 elective courses along with the core area of microeconomics, macroeconomics, and econometrics, for a thorough and in-depth knowledge of economics. In second year, students will register themselves in additional elective and core courses, for a comprehensive command over the essentials of the degree.

Career Prospects

Two-year MPhil program is an advanced level Masters in Economics, which gives an excellent starting point for PhD with a similar skill set. This degree is an achievement in its own right. It creates knowledge and leads to the development of methods and testing the robustness of existing theories. After its completion, the best career is to opt for the PhD programme. Mostly, students obtain a PhD position in different universities as the Faculty of Economics/ Business or one of the other participating faculties. However, this is not the only way, and graduates with MPhil degree can also track their professions as economists, analysts, and an academician. This higher-level degree provides an excellent foundation for those planning their careers in consultancy or policy advice.

Program Objectives

The main objectives of these degrees are:
  • To provide an integrated knowledge of theory and practical in advanced fields of economics.
  • To provide advanced and specialized study in economics for further learning and research.
  • To prepare the students for critical analysis of the current issues and enable them for further discussion.
  • To provide a bridge for students willing to study Doctor of Philosophy (PhD).
  • To prepare experts in the field of economics who are capable of resolving different challenges in all spheres of life.

Program Features

The program provides:
  • Updated and advanced understanding in the field of microeconomics, macroeconomics, and econometrics.
  • Refine academic skills to analyze a real-world economic, business, and humanities issues and controversies.
  • The ability to pursue a doctoral program in economics with 18 years of economics background.
  • Job opportunities in a variety of markets like academia, financial and banking sector, planning and development agencies, government organizations and departments, industries, NGOs, research organizations, etc.

Program Structure

Structure No of Courses Cr. Hrs
Program Core 4 12
Elective 6 18
Total 10 30

Minimum Eligibility Criteria

To be eligible for admission to the MPhil Economics program, a candidate:
  • Shall possess a relevant Bachelor’s or Master’s degree of a minimum of 16 years of education or equivalent qualification from recognized University/Degree Awarding Institute (DAI).
  • Must have passed GRE / GAT / NTS (General) OR pass the GIFT University admission test with at least a 50% score.
  • Shall have obtained a minimum cumulative grade point average (CGPA) of 2.5 / 4.0 in the semester system or a minimum of 2nd division in the annual system in the last qualifying degree.
  • An equivalence certificate is mandatory from the Higher Education Commission (HEC) in case of an equivalent qualification.
  • In addition to the above, the applicant may also be required to fulfill any further eligibility criteria if specified by the HEC.