BS Economics Program


(BS) Economics

Bachelor of Science (BS) Economics program is a 4-year degree program designed to give students a solid foundation in economics. The program provides a well-coordinated curriculum and prepares the students for entry level positions in private and public sector corporations, development organizations, banks, education, and research organizations. A wide range of courses offered in this program give students ample opportunities to broaden their knowledge base. The economics research project in the final year enables students to apply the quantitative tools learned in the program to the economic and ļ¬nancial problems in the public and private sectors.

Bachelor of Science (BS) Economics

Curriculum Structure
Duration 4 years
Semesters 8
Courses 40
Final Year Project in Economics 1
Total credit hours (40 courses and 1 project) 126
Personal Effectiveness (non-credit short course) 1
Responsible Citizen Initiative (Social Internship) 1
Corporate Internship 1

Course Categories and Credit Hours:

Course category Courses Credit hours
University core courses 4 12
Economics core courses 16 50
Economics elective courses 4 12
Supporting core courses (3 Mathematics and 2 Statistics) 5 15
Non-specialization courses (3 core + 8 elective) 11 33
Final Year Project in Economics 1 4
Total 41 126

Semester-wise sequence of courses

Freshman Semester 1 Course code Credit hours Pre-requisite Course category
1 Principles of Microeconomics ECO103 3 - Economics core
2 Introduction to Computer Applications MIS103 3 - Non-specialization core
3 Introduction to Statistics MTS102 3 - Supporting core
4 Critical Reading and Writing SSC101 3 - University core
5 Pakistan History SSC151 3 - University core
6 College Algebra* MTS105 3 - -
  Semester 2 Course code Credit hours Pre-requisite Course category
1 Principles of Macroeconomics ECO104 3 - Economics core
2 Speech Communication HUM201 3 - University core
3 Calculus I MTS101 3 - Supporting core
4 Non-specialization elective I - 3 - Non-specialization elective
5 Islamic Scholarly Traditions (IST)/ Philosophy, Logic and Ethics (PLE)** SSC301/HUM357 3 - University core
Sophomore Semester 3 Course code Credit hours Pre-requisite Course category
1 Intermediate Microeconomics ECO201 3 ECO103 Economics core
2 Intermediate Macroeconomics ECO202 3 ECO104 Economics core
3 Linear Algebra MTS203 3 MTS101 Supporting core
4 Calculus II MTS113 3 MTS101 Supporting core
5 Non-specialization elective II - 3 - Non-specialization elective
  Semester 4 Course code Credit hours Pre-requisite Course category
1 Microeconomic Theory ECO312 3 ECO201 Economics core
2 Macroeconomic Theory ECO313 3 ECO202 Economics core
3 Mathematical Economics ECO303 3 MTS101 Economics core
4 Essential Software MTS111 3 - Non-specialization core
5 Statistical Inferences MTS202 3 MTS102 Supporting core
Junior Semester 5 Course code Credit hours Pre-requisite Course category
1 Applied Econometrics I ECO343 4 MTS202 Economics core
2 Data Analytics for Economists ECO304 3 MTS111, MTS202 Economics core
3 Introduction to Academic Writing SSC236 3 - Non-specialization core
4 Non-specialization elective III - 3 - Non-specialization elective
5 Non-specialization elective IV - 3 - Non-specialization elective
  Semester 6 Course code Credit hours Pre-requisite Course category
1 Applied Econometrics II ECO344 4 ECO343 Economics core
2 Research Methods for Economics ECO411 3 ECO343 Economics core
3 Major Issues in Pakistan Economy ECO403 3 ECO203 Economics core
4 International Trade or International Economics ECO466/ECO305 3 ECO103, ECO104 Economics core
5 Non-specialization elective V - 3 - Non-specialization elective
6 Personal Effectiveness *** SSC240     Non-credit
Senior Semester 7 Course code Credit hours Pre-requisite Course category
1 Development Economics ECO301 3 ECO104 Economics core
2 History of Economic Thought ECO467 3 ECO104 Economics core
3 Economics elective I ECO 3 - Economics elective
4 Economics elective II ECO 3 - Economics elective
5 Non-specialization elective VI   3 - Non-specialization elective
6 Final Year Project in Economics ECO441 4 - Project
  Semester 8 Course code Credit hours Pre-requisite Course category
1 Contemporary Issues in Global Economics ECO404 3 EOC104 Economics core
2 Economics elective III ECO 3 - Economics elective
3 Economics elective IV ECO 3 - Economics elective
4 Non-specialization elective VII - - Non-specialization elective
5 Non-specialization elective VIII - 3 - Non-specialization elective

* College Algebra is a non-credit course and is offered only for those students who do not have a Mathematics background. Students will not be required to pay the fees for College Algebra.

**All Muslim students are required to register for IST. Non-Muslim students may take either IST or PLE.

***Personal Effectiveness will be offered in either the 5th or 6th semester. This is a non-credit course and is a part of graduation requirement. It consists of five 2-hour workshops distributed over the whole semester.


Students should complete their Responsible Citizen Initiative (Social Internship) after completing their 2nd semester at IBA and must fulfill this graduation requirement before the end of their 6th semester.

Students should engage in their corporate internship after completing their 6th semester of the coursework, preferably during the summer break.

Critical Reading and Writing is equivalent to English, Grammar and Composition

Islamic Scholarly Traditions is equivalent to Socio Economic Philosophy of Islam

Economics electives courses (2 courses to be selected)

Course title Course code Credit hours Pre requisite
Public Economics ECO401 3 ECO201
Machine Learning for Economists ECO405 3 MTS111
Public Finance ECO451 3 ECO104
Monetary Economics ECO452 3 ECO202
Time Series Econometrics ECO457 3 ECO343
Climate Change Economics ECO458 3 ECO103
International Finance ECO459 3 ECO104
Environmental Economics ECO450 3 ECO201
Natural Recourse and Environmental economics ECO461 3 ECO201
Game Theory ECO464 3 ECO201
Health Economics ECO471 3 ECO201
Labour Economics ECO472 3 ECO201
Energy Economics ECO463 3 -
Energy Systems & Policy ECO474 3 -
Behavioral Economics ECO470 3 ECO103
Modern Quantitative Methods ECO473 3 ECO344

Non-specialization elective courses

Students can select 8 courses from any discipline other than Economics, including: Accounting, Finance, Marketing, Management, Social Sciences and Liberal Arts, Mathematics, Statistics, and Computer Science.

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