Master of Science in Applied Economics

The Master of Science in Applied economics (MSAE) degree aims to creating highly competent economics professionals for serving in the private and public sectors of the country. A key feature of the programme is the importance it attaches to the application of economic tools in practical settings. It thus aims to strike a balance between theory and practice.

The Master of Science in Applied Economics (MSAE) degree is designed to:

  • Strike a balance between theory and practice
  • Strengthen application of economic tools in practical settings
  • Create highly competent economics professionals
  • Empower to serve in the private and public sectors


After completion of a core component consisting of graduate level microeconomics, macroeconomics, quantitative methods and econometrics, students will have the option of concentrating in one of three key fields:

  • Econometrics
  • Financial Economics
  • Public Policy


The fields on offer have been chosen on the basis of a considered appreciation of the job market and feedback from potential employers regarding the set of skills they would like to see in their employees. On completion of the programme, graduates can expect to engage in careers in:

  • Banks
  • Development agencies and Think-tanks
  • Financial organizations such as leasing, insurance
  • Non-governmental organizations
  • International agencies


Completion of the programme should provide a satisfactory grounding in the requisite theory that will enable students to carry on to the PhD level.

Attractive Features

  • Highly qualified faculty members
  • Tuition fee waiver up to 40%
  • Corporate and group discount
  • Convenient evening and weekend classes


There will be an admission test and successful candidates will be interviewed for final selection.

Admission forms are available online. All prospective candidates are urged to contact the ESS Department first, in person, for additional information.

Curriculum Structure

Areas

No. of Courses

Credits Hours

Foundation Courses*

03

No credits

Core Courses

05

15

Primary concentration courses

03

09

Free Elective Concentration Courses

02

06

Thesis

N/A

06

Total

 

36

Foundation Courses

The programme is ideally suitable for those who possess an undergraduate degree in economics from any recognised university. Students with social sciences, mathematics, physical sciences or engineering degrees can also apply but may have to take one or all of the following bridging courses

  • ECO 501 Microeconomics
  • ECO 502 Macroeconomics
  • ECO 503 Econometrics

*Tuition fees will apply for each non-credit course

Core Courses (15 Credits)

The following courses form the core requirement of the MSAE programme and are aimed at providing an in-depth theoretical knowledge of the core fields in economics. Each course is of 3 credits.

  • ECO 511 Principles of Quantitative Analysis
  • ECO 512 Microeconomic Theory and Applications
  • ECO 513 Macroeconomic Theory and Applications
  • ECO 515 Advanced Econometrics


Concentration Courses (9 Credits)

A student needs to complete 9 credits, in consultation with the academic adviser, from one of the three concentration areas mentioned below to complete the requirements of a primary concentration. An interested student can complete more than one area of concentration.

Elective Courses (6 Credits)

Each student is also required to complete 6 more credits of elective courses from any of the concentrations below. By taking these 6 credits from one particular area in consultation with his/her adviser, a student can acquire a secondary concentration in that particular field.

Thesis (6 Credits)

Successful completion of the programme also requires the student to prepare and defend a thesis (ECO 699) of acceptable academic standard.

Areas of Concentration

Econometrics
ECO 611 Time Series Analysis and Forecasting (3 Credits)
ECO 612 Models of Qualitative Choice (3 Credits)
ECO 613 Econometric Analysis of Panel Data (3 credits)
ECO 614 Topics in Econometric Analysis (3 Credits)

Financial Economics
ECO 621 Corporate Finance and Economic Analysis (3 Credits)
ECO 622 Capital Markets and Investment Strategy (3 Credits)
ECO 623 Asset Pricing and Financial Derivatives (3 credits)
ECO 624 Risks, Uncertainty and Insurance (3 credits)
ECO 625 Managerial Economics (3 credits)
ECO 626 Topics in Financial Economics (3 credits)

Public Policy
ECO 631 Public Economics (3 Credits)
ECO 632 Project Appraisal and Management (3 Credits)
ECO 633 Resource and Environmental Economics (3 Credits)
ECO 634 Trade Policies and Development (3 Credits)
ECO 635 Economic Development Policies in Bangladesh (3 Credits)
ECO 636 Topics in Economic Policy Issues (3 Credits)

The curriculum is off¬ered by a highly qualified and dedicated faculty body within the department, supplemented by faculty and experts from other universities or institutions from home or abroad. Currently, the programme’s academic coordinator is Professor Mohammed Ali Rashid. (rashid.ma[at]bracu.ac[dot]bd)