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.