Master of Arts in Applied Economics

Location: LAU Beirut.
Duration: two years (full-time) 
Total Credits: 30.
Department: Economics

The study of economics has changed considerably since the introduction of mathematical and econometric methods of analysis. The Master of Arts (MA) in Applied Economics provides interested candidates with an in-depth understanding of economic theory and applied quantitative methods.

The program prepares future professionals for jobs as applied economists in the private and public sectors. The student will learn how to gather, read and assess economic data, as well as conduct relevant policy analyses that are most valued by businesses, organizations, and policymakers. The program is also designed to be an intermediate step to the PhD in Economics or related fields.

Program Outcomes

Upon completion of the MA in Applied Economics the graduate will: 

  • Possess advanced knowledge in the areas of microeconomics, macroeconomics and econometrics. 
  • Be capable of using economic theory and econometric models for assessing public policies.
  • Understand and work with advanced macroeconomic and microeconomic models.
  • Apply advanced mathematical and econometric techniques to analyze economic data.
  • Interpret and critically evaluate articles in the economics research literature.
  • Use advanced economic theory and empirical methods to evaluate public policy decisions.
  • Critically analyze government economic policies.

Career Prospects

The MA in Applied Economics will open doors to many opportunities of growth and of better income. 
Since applied economics deals with the application of theories and research, graduates may find diversified jobs in business, government, social development and non-profit organizations, consultancy, among others. The student may be able to pursue a PhD and continue in academia or work in: 

  • Corporate Business Economics/ Financial Consultancy
  • Research
  • Government Consultancy
  • International Affairs
  • Policy Making and Assessment

Program Requirements

The program consists of 30 credits with core courses emphasizing advanced microeconomics, macroeconomics, econometrics and quantitative methods.A selection of diverse topics totaling 12 credits constitute the elective component. The topic courses survey current policy issues in local, regional and international contexts.

To obtain the MA degree, students should complete a total of 30 credits composed of:

- Core Requirements (18 credits)
- Elective Requirements (9 credits)
- Capstone Project (3 credits)

The capstone project involves work outside LAU with external parties (banks, research institutes, specialized regional and international organizations and agencies).

The project will be supervised by a faculty member from the Department of Economics during the last semester.

Core Requirements (18 credits)

Number Course Cr.
ECO821 Advanced Microeconomics 3
ECO822 Advanced Macroeconomics 3
ECO831 Applied Econometrics I: Cross Section and Panel Data 3
ECO832 Applied Econometrics II: Time Series Data 3
ECO833 Applied Econometrics III: Empirical Strategies for Applied Microeconomics 3
ECO840 Mathematical and Computational Models in Applied Economics 3

Electives (9 credits with minimum 6 credits in economics)

Number Course Cr.
ECO835 International Monetary Theory and Policy 3
ECO850 Environmental and Resource Economics            3
ECO852 Public Economics 3
ECO855 Growth, Business Cycles and Economic Policy 3
ECO861 Economic Policies in the Middle East 3
ECO863 Challenges of Economic Development in the Middle East 3
ECO880 Special Topics in Economics 3
Non-economics Electives
FIN835 Commercial Bank Management 3
FIN836 Financial Derivatives  3
FIN863 Modern Portfolio Management 3
OPM880C Sp.Top.OPM: Operations Management 3
ACM724 Linear Programming 3
CSC615 Machine Learning 3
CSC688C Top.CSC: Data Visualization 3
IGS725 Gender and Public Policy 3
INA831 Intl. Political Economy 3
MIG765 Migration and Development 3

MA Project (3 credits)

Number Course  Cr.
ECO898 Applied Economics Project 3

Admission

Admission to the graduate programs offered at the Adnan Kassar School of Business follow the LAU general graduate requirements.

In addition to the following:

  • Holders of a bachelor’s degree in economics, in any related field (such as finance with a minor in economics), or in a quantitative field (i.e. mathematics, physics, computer science, engineering) are eligible to apply.
  • A minimum GPA of 3.0 is required. 

The deadline to apply for Fall 2018 is July 15, 2018.