MS/MBA in Economics

The Master of Business Administration (MBA) program has been designed to provide the appropriate academic preparation for individuals to hold professional careers in either the private or the public sector. It is a comprehensive program directed to equip students with the theoretical basis complemented with necessary tools, techniques, skills, and applications to cope with the complexities and demands of the internal and external business environments, and to make better decisions.

The program builds on and develops fundamental knowledge in the area of economics. Students are guided and mentored as to the appropriate pedagogical methodologies essential to the acquisition of critical analytical skills and research capabilities. The individual course of study follows a personalized, interdisciplinary curriculum developed in conjunction with the graduate advisor. The program is a 39 credit-hour, self-contained program. The length of the program for a full-time student is normally two years, but the degree may be earned in less time by attending summer session courses.  

The business program with emphasis in Economics introduces students to a dynamic science that addresses the challenges of today’s complex business world. Students acquire targeted knowledge to reflect on and to act upon the shifting trends in economic affairs, in the external institutional environment, in the world economy and in society. The program offers the students the opportunity to work in financial institutions, governments, NGOs (non-government organizations) and the private Lebanese or regional enterprises. As such, the academic program is to adequately prepare students to continue post-graduate studies in either Economics or Business.


ECO 500 Business Economics Placement Test
FIN 500 Financial Management Placement Test
MGT 500 Contemporary Management Placement Test
MGT 501 Adv. Quantitative Methods in Business Placement Test
MGT 502 Research Methods in Business Placement Test
MKT 500 Marketing Management Placement Test
ECO 520 Microeconomics Analysis ECO 500
ECO 530 Macroeconomics Analysis ECO 500
ECO 535 International Trade ECO 500
ECO 565 International Monetary Economics ECO 500
ECO 575 Econometrics & Mathematical Economics ECO 500
ECO 580 Advanced Environmental Economics ECO 500
ECO 585 Water Resources ECO 500
ECO 590 Special Topics in Economics Consent of Advisor
ECO 595 Seminar in Economics Consent of Advisor
ELECTIVES (9 credits)
The electives are to be chosen from other concentration courses with the consent of the advisor, and may include the following courses
ECO 598 Research Project in Economics Consent of Advisor
ECO 599 Research Thesis in Economics Consent of Advisor
Course Descriptions
ECO 500
Business Economics
Students are presented with advanced concepts and analytical tools of microeconomic theory: demand, supply and equilibrium; opportunity cost; efficiency; perfect and imperfect competition; oligopoly and game theory; risk and uncertainty; economics of information; investment; public goods and externalities. Applications and case studies in managerial decision-making. Furthermore, this course shall emphasize to students the mutual relationship between the macroeconomic environment and business, including how fiscal, monetary, foreign exchange, and other policies of the government interact to help shape the macroeconomic environment. Causes and consequences of inflation and unemployment. Economic growth and technological progress. Open economy, international flow of goods and capital, exchange rates.
Prerequisite: Placement Test
FIN 500
Financial Management
Concepts and theories applicable to the financial administration of a firm. Cases, problems, and readings to illustrate various financial problems and techniques for solving such problems. Topics include valuation, risk and return, capital budgeting, cost of capital, financial analysis and planning, and working capital management.
Prerequisite: Placement Test
MGT 500
Contemporary Management
Students are coached to build on the different management theory approaches so that they are capable to integrate appropriate skills for better decision-making, to acquire an understanding of the practices related to leadership and organizational behaviour of the business constituents to manage structure and change affecting business strategies and to develop an understanding of the recent trends in management theory.
Prerequisite: Placement Test
MGT 501
Adv. Quantitative Methods in Business
Examination of important quantitative approaches to management decision-making. Application of various analytical methods, models, and theories to a variety of management decision areas. Use of tools such as decision theory, simulation, PERT/CPM and linear programming to minimize risk and uncertainty in management activities. Quantitative controls and decision support as applied to the operations of business. Advanced applications in business analysis, decision support, and development of decision support system. Introduction to econometric techniques used in business: Simple and multiple regressions.
Prerequisite: Placement Test
MGT 502
Research Methods in Business
Applications of research methods to facilitate business enterprise decision-making. Topics include review of the different research methods used (qualitative and quantitative), business environment analysis and problem definition, secondary literature review, data collection methodology as tied to hypotheses defined, questionnaires design, sampling techniques, statistical validation and results interpretation. Several cause-effect techniques studied. Students are to work on a research topic to experiment with these topics.
Prerequisite: Placement Test
MKT 500
Marketing Management
Controllable and uncontrollable marketing variables in today's business environment. Topics include factors affecting consumer demand and methods of satisfying it, market structure, and product-mix selection, distribution, promotion, pricing, and market research. The course structure, projects, and cases are designed to develop the students' ability to generate effective marketing strategies in the face of uncertainty in group and competitive setting. Marketing planning, marketing research, designing, and marketing policies will be implemented.
Prerequisite: Placement Test
ECO 520
Microeconomics Analysis
Contemporary price and allocation theory with emphasis on comparative statistics. This course is on the theory of competitive markets, or optimization given prices. Producer Theory, Consumer Theory, and Partial Equilibrium are covered. Producer theory focuses on basic optimization, Kuhn-Tucker techniques, and duality. Consumer Theory applies these techniques to consumer decisions, and also covers the development of utility from preferences and decision making under uncertainty. Partial equilibrium covers Walrasian Equilibrium and Pareto Efficiency.
Prerequisite: ECO 500
ECO 530
Macroeconomics Analysis
A comprehensive treatment of macroeconomic theory, including static analysis of aggregate output employment, the rate of interest, and the price level; aggregative theory of investment, consumption, demand and supply of money; empirical work on aggregative relationships. The macrodynamic theory of growth, cycles, unemployment and inflation, and selected subjects shall be discussed.
Prerequisite: ECO 500
ECO 535
International Trade
International trade and commercial policy. Comparative advantage, general equilibrium and modern trade theories; welfare implications of international resource allocation models; the theory of protection and international interdependence. The course will emphasize the determinants of commodity composition and factor content of trade, empirical tests of international trade theories, theory of commercial policy, monopolistic competition in international trade, uncertainty in international trade models.
Prerequisite: ECO 500
ECO 565
International Monetary Economics
Contemporary issues in monetary theory and policy. Demand for money and supply of money theory, interest rate theory, and issues in monetary policy. A link between the balance of payments and asset accumulation, and stock devaluation, microeconomics of international finance and open-economy macroeconomics.
Prerequisite: ECO 500
ECO 575
Econometrics & Mathematical Economics
Mathematical concepts of single variable and multivariate calculus, topological properties of Euclidean space, convergence, linear algebra, optimization theory and the Kuhn-Tucker Theorem with applications from econometrics and economic theory. Mathematical models of economic behavior and the use of statistical methods for testing economic theories and estimating economic parameters. Subject matter will vary from year to year; statistical methods, such as linear regression, multivariate analysis, and identification, estimation and testing in simultaneous equation models, will be stressed.
Prerequisite: ECO 500
ECO 580
Advanced Environmental Economics
Interrelationships of natural resources use and the environment. Applied welfare and benefit-cost analysis. Externalities and pollution abatement. Nonmarket valuation of resources. Property rights. Legal and social constraints. Policy approaches.
Prerequisite: ECO 500
ECO 585
Water Resources
Analysis of water resource management for economic, legal, political, and sociological perspectives. Topics include rational water allocation systems, control startegies, pollution, and resource management.
Prerequisite: ECO 500
ECO 590
Special Topics in Economics
Introducing new trends and developments in economics. A multiple set of one credit courses based on case studies and projects.
Prerequisite: Consent of Advisor
ECO 595
Seminar in Economics
Developed to introduce the most recent applications in the field of Economics. Students are coached and mentored to use critical thinking and problem solving techniques. Case studies are used.
Prerequisite: Consent of Advisor
ECO 598
Research Project in Economics
The course aims to train students apply theoretical and practical concepts to a selected field of economics. The final work is a review of secondary literature or building a case study to reveal a trend or a specific behavior characteristic of the working environment. This research may reveal some originality.
Prerequisite: Consent of Advisor
ECO 599
Research Thesis in Economics
Students conduct a full-fledge research using a specific research methodology to investigate in depth an issue related to economics concepts and practices. Original research results should be obtained.
Prerequisite: Consent of Advisor

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