Inefficiency of Manufacturing Firms

not only among the top economics departments in the country but is also well respected internationally. It is one of the largest in the country with a full-time faculty size of 24 of which 14 have PhDs. The department prides itself on the diversity of interests and fields of its faculty. The teaching and research of its faculty members cover theory, econometric methods, applied data analysis, development, finance, industrial organization to behavioral economics and game theory. Around 35 MSc Economics students enter our programs each year while the Department has around 900 undergraduates majoring economics, and economics and politics. Collaboration with other departments allows LUMS undergraduate students to undertake interdisciplinary studies. The MSc Economics program at LUMS has been designed to set a new standard in graduate level economics education in the country, and to meet the growing need for well-trained economists in both the public and private sectors. The program provides rigorous analysis and strong grounding in economic theory, econometrics and applica-tions in novel applied fields with the option of Master’s thesis. LUMS Economics Depart-ment also serves as an intellectual resource base in the region and plays an important role in the making of public policy. Its faculty is actively involved in research and publica-tions, and are active in international, national, and regional professional societies. Faculty members also serve in positions with national and state governments, and interna-tional institutions