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 Higher Education Commission Pakistan. Students in this program have a number of career motivations such as pursuing jobs in the Civil Services, NGO’s, Businesses, Academics, 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 % weight age 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 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. Every semester comprises of a minor research project. In the last semester, the students will be required to complete a major research project with 3 credit hours. The normal duration for completion of BS Economics degree 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

Course Code

Course Title

Credit Hours

ECO 305

Principles of Microeconomics

Three (03)

ENG 301

English (General)

Three (03)

HSS 305

Fundamentals of Islamic Studies

Two (02)

MTH 301

Mathematics

Three (03)

XXX XXX 

General Elective – I

Three (03)

XXX XXX 

General Elective – II

Three (03)

Semester 2

Course Code

Course Title

Credit Hours

ECO 306

Principles of Macroeconomics

Three (03)

ENG 302

English (Functional)

Three (03)

HSS 301

Fundamentals of Pakistan Studies

Two (02)

ICT 301

Office Management Tools

Three (03)

XXX XXX

General Elective – III

Three (03)

XXX XXX

General Elective – IV

Three (03)

Semester 3

Course Code

Course Title

Credit Hours

ECO 405

Intermediate Microeconomics

Three (03)

ECO 425

Mathematical Economics – I

Three (03)

ENG 401

English (Academic)

Three (03)

STA 402

Descriptive Statistics

Three (03)

XXX XXX 

General Elective – V

Three (03)

XXX XXX 

General Elective – VI

Three (03)

Semester 4

Course Code

Course Title

Credit Hours

ECO 406

Intermediate Macroeconomics

Three (03)

ECO 435

Mathematical Economics – II

Three (03)

ECO 475

Issues in Pakistan Economy

Three (03)

STA 411

Inferential Statistics

Three (03)

XXX XXX

General Elective – VII

Three (03)

XXX XXX

General Elective – VIII

Three (03)

Semester 5

Code

Course Title

Credit Hours

ECO 551

Microeconomic Analysis

Three (03)

ECO 552

Macroeconomic Analysis

Three (03)

ECO 556

Public Sector Economics

Three (03)

STA 525

Econometrics – I

Three (03)

XXX XXX

Economics Elective – I

Three (03)

Semester 6

Code

Course Title

Credit Hours

ECO 505

Monetary Economics

Three (03)

ECO 531

History of Economic Thoughts

Three (03)

ECO 595

Islamic Economics

Three (03)

STA 526

Econometrics – II

Three (03)

XXX XXX

Economics Elective – II

Three (03)

Semester 7

Code

Course Title

Credit Hours

ECO 601

Development Economics

Three (03)

ECO 661

International Economics

Three (03)

RES 501

Research Methodology

Three (03)

XXX XXX

Economics Elective – III

Three (03)

XXX XXX

Economics Elective – IV

Three (03)

Semester 8

Code

Course Title

Credit Hours

ECO 631

Entrepreneurial Economics

Three (03)

ECO 671

Managerial Economics

Three (03)

RES 690

Bachelor’s Dissertation/

Optional – I & II (in lieu of RES 690)

Six (06)

XXX XXX

Economics Elective – V

Three (03)

Electives (General)

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 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)

ECO 618

Applied Economics

Three (03)