Program Learning Goals

Master of Economics Program

2025-2029 Plan

PLG1: Economic Theory

Objectives:

  • Develop a solid grounding in economic theory and apply it to complex economic problems, business decisions, and policy questions.
  • a. Construct microeconomic and macroeconomic theoretical models to explain behavioral and economic phenomena and analyze the functioning of markets, institutions, and economies.
  • b. Apply theoretical models to derive equilibrium solutions, perform comparative statics analysis, and generate predictions from policy simulations.

PLG2: Quantitative Reasoning

Objectives:

  • Master advanced mathematical and statistical methods to construct economic models, specify and estimate appropriate econometric models, draw credible causal inferences, and produce reliable predictions and forecasts.
  • a. Specify appropriate econometric models and statistical techniques to estimate behavioral and economic relationships and forecast macroeconomic variables.
  • b. Develop credible identification strategies to estimate causal effects in microeconomic applications.
  • c. Characterize empirical strategies employed in the literature and assess their validity.

PLG3: Critical Thinking

Objectives:

  • analyze complex economic models, evaluate their assumptions critically, test their predictions and policy prescriptions, and distinguish between causal relationships and spurious correlations.
  • a. Analyze theoretical economic models and evaluate their assumptions and predictions.
  • b. Assess economic arguments against their theoretical underpinnings and the empirical evidence.
  • c. Question and formulate the economic rationale of policy interventions and their consequences.
  • d. Assess the credibility of econometric methodologies for identifying causal relationships separate spurious correlations.

PLG4: Oral Communication

Objectives:

  • write clear, rigorous, and coherent high-level research papers and communicate their methodologies and findings effectively and persuasively through presentations.
  • a.
  • b. Interpret and communicate methodological techniques and quantitative results effectively.
  • c. Deliver coherent and effective research and practical presentations.

PLG5: Written Communication

Objectives:

  • write clear, rigorous, and coherent high-level research papers and communicate their methodologies and findings effectively and persuasively through presentations.
  • a. Produce high-quality research papers written clearly, rigorously, and coherently.
  • b. Interpret and communicate methodological techniques and quantitative results effectively.

PLG6: Contextual Knowledge

Objectives:

  • attain a comprehensive knowledge of the history and issues related to the economies of Kuwait, the Arabian Gulf, and the Middle East and North Africa Region.
  • a. Develop a working knowledge of the history and issues related to the local and regional economies.
  • b. Characterize local and regional socioeconomic issues, phenomena, and policies within sound theoretical and empirical frameworks.