Admission Test Pattern for M.Phil. and Ph.D. - Department of Economics (Spring 2026)

Admission Test for PhD
Objective: 40% and Subjective: 60%
Topics include but may not be limited to:

Advanced Microeconomics:

Economics of Information

Optimization over time

Choice Under Uncertainty

Game Theory

General Equilibrium

Advanced Macroeconomics:

Growth Theories

Consumption Theories

Monetary and Fiscal Policy of Pakistan

Advanced Econometrics:

Panel Data and Time Series Data Analysis using Instrumental Variable, GMM, VAR, ARDL and Co-integration

Qualitative Response Models

Research Methodology

Types of Research

Primary and Secondary Data

Variable Characteristics

Measurement of Variables using direct, indirect, derived measurements

Sampling

Research Proposal Writing

 

Admission Test for M.Phil.
Objective: 40% and Subjective: 60%


Microeconomics:

Consumer Theory

Producer Theory

Market Structure

Macroeconomics:

Fiscal and Monetary Policy

Classical and Keynesian Macroeconomics

IS-LM Model and General Equilibrium

National Income Accounts

Econometrics:

CLRM, OLS, Autocorrelation, Multicollinearity, Heteroskedasticity

Simple and Multiple Regression Model

Pakistan Economy

Issue, Challenges and Way-forward

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