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.

COURSE CATEGORY

NO. OF COURSES

TOTAL CREDIT HOURS

General Education Courses Arts & Humanities

1

2

Natural Sciences

1

3 (2+1)

Social Sciences

1

3

Functional English

1

3

Expository Writing

1

3

Quantitative Reasoning

2

6

Islamic Studies / Ethics

1

2

Ideology & Constitution of Pakistan

1

2

Applications of ICT

1

3

Entrepreneurship

1

2

Civics & Community Engagement

1

2

Total General Education Courses & Credit Hours:

12

31

Disciplinary or Major

26

78

Interdisciplinary Courses

5

15

Field Experience

1

3

Capstone Project

1

3

Total Credit Hours:

45

130

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)