The subject of Economics is concerned with the allocation of resources, not as an end in itself but to enhance people’s quality of life. This task is often much more complex than it first appears. In many instances, full information is not available to the persons seeking to allocate these resources, either directly (for example, managers in the private sector), or indirectly (as would be the case of policymakers in the public sector). The M.Sc. Economics programme will impart theoretical knowledge – technical and analytical skills, which will help decision-makers to understand the environment in which they operate and by extension give them the tools to enhance the quality of their decision making. Graduates should be able to read the professional literature and operate as professional economists in the areas of data analysis and policymaking.
The requirement for admission to the Master's degree programmes is a Bachelor's degree from a recognized university, normally with honours. There is great competition for limited spaces with many more qualified applicants each year than available spaces.
Additional Entry Requirements
Upon admission to M.Sc. programme, students will be required to attend a MANDATORY “Mathematics Camp” that will be held prior to the commencement of semester 1 classes. Also, some students could be asked to take departmental requirements which consist of some undergraduate courses. These courses are: Calculus, Matrix Algebra and Probability & Distribution Theory. It is preferred that students complete these courses before the start of the programme, however they must be completed by the end of the first year of study. The purpose of these departmental requirements is to strengthen the ability of graduate students to successfully navigate the programme and for graduates to function professionally.
The MSc. Economics programme is a two year full-time programme and a three year programme part-time. Twelve courses (3 credits each) are required for this degree - a core consisting of three courses which all students are required to take; two fields (four courses) and one ‘writing course’. Some courses are designated ‘writing course’ because their requirements include a written paper. A field is a two semester sequence in a sub-discipline of economics.
ECON6003 - Econometrics I
ECON6004 - Microeconomic Theory I
ECON6024 - Macroeconomic Theory I
Although Microeconomics II, Macroeconomics II, and Econometrics II are not a part of the core requirements, students are encouraged to take these courses, and most do.
The fields offered may change from time to time. Currently the following fields are offered:
Economic Development
International Economics
Public Finance
Game Theory
Industrial Organisation
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