KNUST MSc Economics

KNUST MSc Economics

The aim of this one-year MSc Economics programme is to train professional for industry in both home and abroad. Aside the general MSc Economics pathway that the programme offers, students have the opportunity to opt for more specialized options in (i) Money, Banking and Finance, and (ii) Energy and Resource Economics.

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This implies that students will be able to graduate with (i) MSc Economics, (ii) MSc Economics (Money, Banking and Finance) option, and (iii) MSc Economics (Energy and Resource Economics) option.

The rationale of the programme is to develop competences in three core courses: macroeconomics, microeconomics and econometrics at the advanced level plus a host of relevant electives. This will not only serve as good preparatory grounds for those who aim at pursuing economics to the MPhil/PhD level, but will provide them with the requisite skills that have become increasingly important for modern day industry.

In particular, graduates from MSc Economics (Money, Banking and Finance) option which is aimed at training
professionals with career aspirations in the banking and other nancial services industry will graduate with a solid
background in monetary theory, treasury management, banking regulations, risk management, corporate nance,
investment analysis, nancial problem solving, and IT skills in econometric and forecasting methods relevant for empirical investigations into banking and nancial issues in the banking and other nancial services industry. Those who opt for MSc Economics (Energy and Resource Economics) option which is aimed at training professionals with career aspirations in the energy and natural resources industry will graduate with a solid background in energy economics, resource economics, oil and gas economics, energyy markets and security, energy modelling, environmental economics and policy, energy, environment and sustainable development, electricity economics, among others. These areas are rapidly increasing in importance due to numerous related challenges, such as climate change, resource exhaustion, energy affordability and energy security.

Admission Requirements

The MSc. Economics is an advanced degree programme in the Economic Sciences focusing on training both Ghanaian and Foreign nationals for industry both at home and abroad. The entry requirements for admission to the programme for both Ghanaians and foreign nationals are as follows:

Applicants must hold a good Bachelor’s degree, preferably Second Class (Lower Division) or better from a recognized tertiary institution in the following disciplines: BA/BSc Economics, BA/BSc Economics (with Finance, Mathematics, Statistics, Geography, Law, Sociology, Political Science, and History etc.); Bachelor of Business Administration, BSc Mathematics/Statistics/Engineering /Physics/Actuarial Science/ Environmental Science/ Land Economy/Natural Resource Management; BA/BSc Geography/Geography and Resource Development/Geography and Rural Development/Geography and Regional Planning; BA/BSc Development Studies; and related disciplines. Applicants without Bachelor’s degree must have a Master’s degree from a recognised tertiary institution in any of the disciplines listed above. Admission is subject to passing an entrance examination and interview. Ghanaian applicants must have completed their national service at the time of enrollment.

Duration

The full duration of the programme will be one-year, comprising two semesters of coursework (August – December;
Semester I and January – May; Semester II) and a period for internship and dissertation write up (June – August).

Lecture Hours (Weekends)

Saturdays: 8am – 4pm
Sundays: 8am – 4pm

Date of Commencement

The programme began in the 2014-2015 academic year.

Fees

The programme is fee paying. Total fees for both Ghanaian and Foreign nationals are determined by the University
annually. For the 2016-2017 academic year Ghanaian nationals will pay Eight Thousand Ghana Cedis (GHC8,000.00) as fees plus One Thousand Ghana Cedis (GHC1,000.00) for feeding. Fees for foreign nationals for the 2015/2016 academic year was 5,197.00 US dollars..

Course Structure

All students admitted to the MSc programme will follow the following six (6) core course in the rst
semester.

  • Microeconomics I
  • Microeconomics II
  • Macroeconomics I
  • Macroeconomics II
  • Quantitative Methods in Economics
  • Econometrics

In the second semester all students will follow the following two (2) core courses plus 4 electives.

  • Industrial Ethics
  • Research Methods in Economics

In the second semester students following the general MSc Economics general option will select four (4) courses from the following options.

  • Monetary Economics and Financial System
  • Corporate Finance and Investment
  • International Economics
  • Energy Economics
  • Environmental and Resource Economics
  • Public Sector Economics
  • Health Economics
  • Economics of Development

In the second semester students admitted to MSc Economics (Money, Banking and Finance) option will take the following four (4) courses

  • Monetary Economics and Financial System
  • Corporate Finance and Investment
  • Risk Management in Financial Institutions
  • Financial Services Regulation

In the second semester students admitted to MSc Economics (Energy and Resource Economics) option will take the
following four (4) courses

  • Energy Economics
  • Environmental and Resource Economics
  • Energy Markets and Security
  • Economics of Electricity Industry OR Oil and Gas Economics