M.A. in Applied Economics
The M.A. program in Applied Economics at the Lebanese American University provides prospective students with a solid background in economic theory and applied quantitative methods. The program provides a rigorous treatment of economic methods and policies preparing future professionals for jobs as applied economists in the private and public sectors.
The program is also designed to be an intermediate step to the Ph.D. in Economics or related fields.
The program is structured so that a full-time student can complete the course of study within two calendar years. The program can also be followed on a part-time basis. 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 topics courses survey current policy issues in local, regional and international contexts. . The program includes a capstone 3 credits project that involves work outside LAU with external constituents (e.g. research institutes, specialized regional and international organizations and agencies, banks). The project will be supervised by a faculty member from the Department of Economics during the last semester.
Two academic years or their equivalent.
Holders of a Bachelor degree in Economics, in any related field (such as finance), or in a quantitative field (mathematics, physics, computer science, engineering, etc.) are eligible to apply. A minimum GPA of 3.0 is required while students applying from majors other than Economics will be required to take upper division remedial courses based on their undergraduate background.
Plan of study (30 credits total)
Core (15 credits)
- ECO822 Advanced Macroeconomics 3
- ECO821 Advanced Microeconomics 3
- ECO831 Applied Econometrics I 3
- ECO832 Applied Econometrics II 3
- ECO840 Mathematical Methods for Applied Economics 3
Electives (12 credits with minimum 6 credits in Economics)
- ECO850 Environmental and Resource Economics 3
- ECO835 International Monetary Theory and Policy 3
- ECO852 Public Economics 3
- ECO855 Growth, Business Cycles and Economic Policy 3
- ECO880 Special Topics in Economics 3
- ECO861 Economic Policies in the Middle East 3
- ECO863 Challenges of Economic Development in the Middle East 3
- FIN861 Financial Management 3
- FIN863 Financial Derivatives 3
- FIN836 Modern Portfolio Management 3
- FIN835 Commercial Bank Management 3
Applied Economics Project (3 credits)
- ECO898 Applied Economics Project 3
Major Learning Goals for the M.A. in Applied Economics
Objectives of the MA in Applied Economics program are:
- Graduates will possess advanced knowledge in the areas of microeconomics, macroeconomics and econometrics.
- Graduates will be capable of using economic theory and econometric models for assessing public policies.
Learning Outcomes of the MA in Applied Economics program are:
- 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.