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Introduction

Economics is a study to know how individuals and societies choose to use the scarce resources, the nature and previous generation have provided. Economics explains how we can achieve a high level of growth and employment, price stability, efficiency, an equitable distribution of income, reduction in pollution, economic freedom, sustainable development, macroeconomic stability and reduction in poverty. All these goals can be achieved if we understand the theoretical concepts the on one hand and their applications on the other. There is a positive correlation between research and development. Research is the collection and use of data to test economic theories.

Being offered in semester Spring only.

Eligibility Criteria

The candidates securing second class or equivalent CGPA in Master Degree or BS (4-Years) in Economics having 16 years of schooling or 4 years of education after HSSC from a recognized university will be eligible to apply online for admission in MPhil Economics.

Procedure of Admission

  • There shall be a departmental admission committee responsible to finalize the admission.
  • Preliminary selection of the candidates will be made strictly on the basis of merit/criteria laid down by the Department/ University.
  • Subject based GRE test and interview will be essential for admission to this program conducted by the Department of Economics.
  • Only selected candidates will be informed about their admission and for depositing the fee. Fee depositing procedure will be mentioned in the intimation letter.
  • The prevailing University rules/regulations regarding MPhil enforced from time to time shall strictly be followed for the MPhil program in Economics.

Duration

The minimum duration of MPhil Economics is two years (four semesters) and the maximum duration shall be four years (08 semesters) as per HEC/AIOU rules.

Medium of Instruction

The medium of instruction and examination is English.

Teaching Methodology

Instructional Methodology

The following methodology will be adopted for running the MPhil program in Economics.

Study Material

The contents of courses along with the required reading material and assignments will be provided in the form of soft copy to the students.

Classes Coursework

There is serial of mandatory classes in each semester during the course work. The number of compulsory face to face teaching hours shall be 48 for each 3-credit hour course.

Assessment System

Assessment will be done as under:

  • Assignments (continuous assessment). Two assignments are compulsory for each 3 Credit Hours Course
  • Mid Term Examination during each semester
  • For successful completion of each course the student will be required to qualify in each component.

Assessment Component

Total Marks

Passing Marks

Weightage

Assignments

100

50

10 + 10 = 20%

Assignment / Class Presentation

100

50

Mid-Term Examination

100

50

30%

Final Examination

100

50

50%

Total Marks

100

Aggregate Passing Marks

50

  • To take final examination the student must pass in assignments and ensure 70% attendance in the classes.

AIOU Credits Required

36 Credit Hours

Sr.

No.

Course

Code

Credit Hours

1

Advanced Microeconomics

2700

3

2

Advanced Macroeconomics

2701

3

3

Development Economics

2704

3

4

International Trade Theory & Policy

        2705

                        3

Sr.

No.

Course

Code

Credit Hours

1

Research Methods

2702

3

2

Applied Econometrics

2703

3

3

Environmental Economics

2706

3

4

Monetary Economics

2708

3

1.

Research Project / Thesis

2710

12

 

1.

Research Project / Thesis

2710

12

1

2

3

4

Workshop

Synopsis Orientation Workshop

The department will hold a synopsis orientation workshop to identify the topic for students’ research and develop the synopsis for their MPhil thesis. The synopsis will be submitted to Board of Advance Studies and Research (BASR) for approval.

Thesis

A student is required to carry research work under the supervision of an advisor having PhD degree in the relevant field (as per relevant HEC/AIOU rules). There is a mandatory workshop to discuss research proposals of the students.

Viva

After of evaluation of thesis, the student has to appear for viva-voce before the Research Proposal Committee (RPC)

About

The Allama Iqbal Open University was established in May, 1974, with the main objectives of providing educational opportunities to masses and to those who cannot leave their homes and jobs. During all these past years, the University has more than fulfilled this promise.