Program Objectives

The BS in Economics is a unique opportunity for students to undertake a comprehensive and wide-ranging study of social sciences and economics spread over 8 semesters in a period of 4 years. The degree is recognized by the Higher Education Commission of Pakistan. Students in this program have a number of career motivations such as pursuing jobs as a Businesses and Corporations consultants, Public Policy Analyst, Data Analyst, Economist in public sector institutions, Market Research Analyst, and a variety of other areas. The program instils among students the habit of enquiry and excitement for discovering a wide range of knowledge. Thus, equipping students for a lifetime of wise decision-making when faced with demanding and thought-provoking choices.

Eligibility for Admission

FA/FSc or Equivalent qualifications with at least second division, securing 45% marks in aggregate.

Qualifying the admission test and interview is compulsory. A candidate scoring less than 40% marks in the test and interview will stand disqualified for admission.

Candidates who have secured at least 40% in the Institute’s own test/NTS-NAT or any other test required by HEC are also eligible to apply.

The merit of a candidate shall be measured by a 50 % weightage to the marks obtained in HSSC or equivalent, 40 % to the marks obtained in the written test, and 10% to the marks obtained in the interview.

A candidate shall be given a special credit of thirty marks for admission in each program mentioned above if he/she has studied Economics / Psychology / Computers / English Advance and Home Economics at intermediate level or has done A level.

A candidate shall be given a special credit of sixty marks for admission in each program mentioned above if he/she has studied Economics/Psychology/Computers/ English Advance in combination with each other or in combination with Statistics at intermediate level or has done A level business studies.

The Hafiz e Quran shall be given a special credit of 20 marks.

The credit marks shall be added to the marks obtained at HSSC or equivalent, subject to fulfilment of basic eligibility criteria of 45% marks

Degree Requirements

The BS in Economics program is of a 4 year duration, spread over 8 regular semesters, and consists of 130-136 credit hours of studies. The normal duration for completion of BS in Economics Degree is 8 semesters over a period of 4 years. The maximum duration for obtaining BS in Economics degree shall be 7 years.

Semester Wise Breakup of Courses

Semester 1
Code Course Title Credit Hours Category
ECO 305 Principles of Microeconomics 3 Major or Disciplinary
ENG 301 English (General) 3 GE-Expository Writing
HSS 305 Fundamentals of Islamic Studies 2 GE-Islamic Studies
MTH 301 Mathematics 3 GE-Quantitative Reasoning
POL 301 Introduction to Political Science 3 GE-Social Sciences
ICT 301 Office Management Tools 3 GE-Applications of Information and Communication Technologies
Semester 2
Code Course Title Credit Hours Category
ECO 306 Principles of Macroeconomics 3 Major or Disciplinary
ENG 302 English (Functional) 3 GE-Functional English
HSS 303 Ideology and Constitution of Pakistan 2 GE-Ideology and Constitution of Pakistan
HSS 401 Civics and Community Engagement 2 GE-Civics and Community Engagement
ACC 301 Fundamentals of Accounting 3 Interdisciplinary
NSC 301 Science of climate change and its implications for development 3 GE-Natural Sciences
Semester 3
Code Course Title Credit Hours Category
ECO 405 Intermediate Microeconomics 3 Major or Disciplinary
ECO 425 Mathematical Economics – I 3 Major or Disciplinary
ECO 556 Public Sector Economics 3 Major or Disciplinary
STA 402 Descriptive Statistics 3 GE-Quantitative Reasoning
ENI 301 Entrepreneurship 3 GE-Entrepreneurship
HSS 505 Logic and Critical Thinking 3 Interdisciplinary
Semester 4
Code Course Title Credit Hours Category
ECO 406 Intermediate Macroeconomics 3 Major or Disciplinary
ECO 435 Mathematical Economics – II 3 Major or Disciplinary
ECO 475 Issues in Pakistan Economy 3 Major or Disciplinary
POL 301 Introduction to Political Science 3 Interdisciplinary
STA 411 Inferential Statistics 3 Major or Disciplinary
XXX XXX Foreign Language (XXXX) 2 GE-Arts and Humanities
Semester 5
Code Course Title Credit Hours Category
ECO 551 Microeconomic Analysis 3 Major or Disciplinary
ECO 552 Macroeconomic Analysis 3 Major or Disciplinary
ECO 569 Labor Economics 3 Major or Disciplinary
STA 525 Econometrics – I 3 Major or Disciplinary
HSS 411 Introduction to Philosophy 3 Interdisciplinary
Semester 6
Code Course Title Credit Hours Category
ECO 505 Monetary Economics 3 Major or Disciplinary
ECO 531 History of Economic Thoughts 3 Major or Disciplinary
ECO 595 Islamic Economics 3 Major or Disciplinary
STA 526 Econometrics – II 3 Major or Disciplinary
HSS 415 Fundamentals of Psychology 3 Interdisciplinary
ECO 635 Behavioral Economics 3 Major or Disciplinary
Semester 7
Code Course Title Credit Hours Category
ECO 601 Development Economics 3 Major or Disciplinary
ECO 661 International Economics 3 Major or Disciplinary
RES 501 Research Methodology 3 Interdisciplinary
ECO 541 Environmental Economics 3 Major or Disciplinary
RES 693 Bachelor’s Iternship/Fieldwork 3 Field Experience/Internship
Semester 8
Code Course Title Credit Hours Category
ECO 685 Game Theory 3 Major or Disciplinary
ECO 671 Managerial Economics 3 Major or Disciplinary
ECO 621 Health Economics 3 Major or Disciplinary
ECO 631 Entrepreneurial Economics 3 Major or Disciplinary
RES 694 Bachelor’s Capstone Project 3 Capstone Project
Interdisciplinary Courses
Code Course Title Credit Hours
ACC 301 Fundamentals of Accounting  Three (03)
BUS 301 Introduction to Business Three (03)
COM 501 Professional Communication (Theory)  Three (03)
COM 505 Professional Communication (Applied)  Three (03)
ENG 501 English – (Literary Studies) Three (03)
HSS 311 Fundamentals of Sociology  Three (03)
HSS 315 Introduction to History  Three (03)
HSS 411 Introduction to Philosophy  Three (03)
HSS 415 Fundamentals of Psychology  Three (03)
HSS 501 Philosophy of Education  Three (03)
LAN 521 Foreign Language (French)  Three (03)
LAN 522 Foreign Language (Chinese)  Three (03)
LAN 523 Foreign Language (German)  Three (03)
LAN 524 Foreign Language (Persian)  Three (03)
LAW 401 Introduction to Law  Three (03)
MGT 301 Principles of Management Three (03)
POL 301 Introduction to Political Science  Three (03)
POL 501 International Relations  Three (03)
Electives (Economics)
Code Course Title Credit Hours
ECO 445 Agricultural Economics Three (03)
ECO 511 Welfare Economics Three (03)
ECO 515 Industrial Economics Three (03)
ECO 521 Population Economics Three (03)
ECO 535 Comparative Economic System Three (03)
ECO 541 Environmental Economics Three (03)
ECO 545 Resource Economics Three (03)
ECO 561 Rural Development Three (03)
ECO 565 Institutional Economics Three (03)
ECO 569 Labor Economics Three (03)
ECO 571 International Political Economy Three (03)
ECO 575 Regional Economics Three (03)
ECO 605 Poverty and Income Distribution Three (03)
ECO 611 Urban Economics Three (03)
ECO 618 Applied Economics Three (03)
ECO 621 Health Economics Three (03)
ECO 625 Experimental Economics Three (03)
ECO 635 Behavioral Economics Three (03)
ECO 641 Economics of Conflict Three (03)
ECO 651 Monetary Policy Three (03)
ECO 655 Fiscal Policy Three (03)
ECO 661 International Economics Three (03)
ECO 671 Managerial Economics Three (03)
ECO 682 Dynamic Macroeconomics Three (03)
ECO 685 Game Theory Three (03)
FIN 511 Financial Markets and Institutions Three (03)
DEV 605 Fundamentals of Environment and Sustainable Development Three (03)
DEV 615 Gender Studies Three (03)
HSS 575 Introduction to Population Studies Three (03)