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
A student of BS in Economics is required to complete (130-136) credit hours of study. The normal duration for completion of BS Economics degree is with a single major is 8 semesters over a period of 4 years. The maximum duration for obtaining BS 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 303 |
Functional English |
3 |
GE-Functional English |
HSS 306 |
Islamic Studies |
2 |
GE-Islamic Studies |
MTH 302 |
Quantitative Reasoning – I |
3 |
GE-Quantitative Reasoning |
HSS 311 |
Fundamentals of Sociology |
3 |
GE-Social Sciences |
CSC 302 |
Applications of Information and Communication Technologies |
3 (2 +1) |
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 402 |
Expository Writing |
3 |
GE-Expository Writing |
HSS 304 |
Ideology and Constitution of Pakistan |
2 |
GE-Ideology and Constitution of Pakistan |
HSS 303 |
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 (2+1) |
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 |
MTH 402 |
Quantitative Reasoning – II |
3 |
GE-Quantitative Reasoning |
ENI 302 |
Entrepreneurship |
2 |
GE-Entrepreneurship |
STA 402 |
Descriptive Statistics |
3 |
Major or Disciplinary |
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 |
HSS 304 |
Introduction to Sociology |
2 |
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 |
XXX 000 |
Elective – I |
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 |
XXX 000 |
Elective – II |
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 |
XXX 000 |
Elective – III |
3 |
Major or Disciplinary |
RES 693 |
Bachelor’s Internship/Fieldwork |
3 |
Field Experience/Internship |
Semester 8 |
|||
Code |
Course Title |
Credit Hours |
Category |
XXX 000 | Elective – IV |
3 |
Major or Disciplinary |
ECO 671 |
Managerial Economics |
3 |
Major or Disciplinary |
RES 694 |
Bachelor’s Capstone Project |
3 |
Capstone Project |
XXX 000 |
Elective – V |
3 |
Major or Disciplinary |
DEV 605 |
Fundamentals of Environment and Sustainable Development |
3 |
Major or Disciplinary |
Electives (General) | ||
Code |
Course Title |
Credit Hours |
ACC 301 |
Fundamentals of Accounting |
Three (03) |
BUS 301 |
Introduction to Business |
Three (03) |
COM 510 |
Professional Communication |
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) |