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.
A bachelor’s degree from a recognized university, normally with honors. Upon admission, some students could be asked to take departmental requirements which consist of some undergraduate courses in mathematics and statistics. These courses can be taken concurrently with the graduate curriculum. However, where possible, students are encouraged to take these courses in the summer before commencing their programme.
The MSc. Economics programme is a two-year programme (four semesters) that is best pursued on a full-time basis. A small number of students are admitted on a 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 as a ‘writing course’ because their requirements include a written paper. A field is a two-semester sequence in a sub-discipline of economics.
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.
Graduates of the M.Sc. Economics program typically finds employment in both the public and private sectors. Many graduates working in the public sector are located at the central bank, the various government ministries, and regulatory bodies. Within the private sector, they are to be found in the financial sector, the utilities, and other private entities. Some graduates go on to pursue Ph.D. Economic degrees at overseas universities.
The Department hosts a weekly seminar series where faculty, graduate students and private and public sector leaders are invited to make presentations on current research work or topical issues. The primary objective of the series is to expose students to a wide range of issues and ideas surrounding the changing economy and the world of work. All graduate students are required to attend these seminars.
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