Undergraduate Programs

Bachelor of Science (BS) Economics program

About the Program:
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 4th year enables students to apply the quantitative tools learned in the program to the economic and financial problems in the public and private sectors.

Curriculum structure
Duration 4 years
Semesters 8
Courses 40
Research project 1
Total credit hours 126

Required courses:

Section

Course category

Courses

Credit Hours

A

University core courses

4

12

B

Economics core courses

16

50

C

Economics elective courses

4

12

D

Supporting courses (Mathematics 3 and Statistics 2) (core)

5

15

E

Non-specialization courses (3 core + 8 electives)

11

33

F

Economics research project (core)

1

4

 

Total

41

126

A. University core courses:

Course title

Course code

Credit Hours

English Grammar & Composition

SSC101

3

Pakistan History

SSC151

3

Speech Communication

HUM201

3

Socioeconomic Philosophy of Islam or Philosophy, Logic and Ethics*

SSC301/HUM357

3

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

B. Economics core courses

Course title

Course code

Credit hours

Pre-requisite

Principles of Microeconomics

ECO103

3

-

Principles of Macroeconomics

ECO104

3

-

Intermediate Microeconomics

ECO201

3

ECO103,

Intermediate Macroeconomics

Microeconomic Theory

ECO202

ECO312

3

3

ECO104

ECO201

Macroeconomic Theory

ECO313

3

ECO202

Mathematical Economics

ECO303

3

-

Major Issues in Pakistan Economy

ECO403

3

-

Contemporary Issues in Global Economics

ECO404

3

ECO201, ECO202

Development Economics I

ECO203

3

ECO103, ECO104

Development Economics II

ECO302

3

-

Applied Econometrics I

ECO343

4

MTS202

Applied Econometrics II

ECO344

4

ECO303

Research Methods in Economics

ECO411

3

ECO303

International Trade or International Economics

ECO466/ECO305

3

ECO103, ECO104

History of Economic Thought

ECO467

3

ECO103, ECO104

C. Economics elective courses

Students can select any four economics elective courses. Currently, following elective courses are being offered:

Course title

Course code

Credit hours

Pre-requisite

 

Public Economics

 

ECO401/ECO567

 

3

ECO103, ECO104/ECO531, ECO532,
ECO533

Public Finance

ECO451

3

ECO103, ECO104

Monetary Economics

ECO452/ECO566

3

ECO103, ECO104

Time Series Econometrics

ECO457

3

MTS202

Climate Change Economics

ECO458/ECO551

3

ECO103, ECO104

Natural Resource and Environmental Economics

ECO461

3

ECO103, ECO104

Game Theory/Game Theory & Competitive Strategy

ECO464/ECO573

3

ECO103, ECO104

Health Economics

ECO471/ECO563

3

ECO103, ECO104

Labour Economics

ECO472

3

ECO103, ECO104

Economic Forecasting

ECO555

3

ECO537

Public Policy Analysis: Theory and Practice

ECO560

3

ECO531/501/102 /104 /103/113

Environmental and Resource Economics

ECO561

3

ECO531, ECO533

Financial Economics

ECO562

3

ECO531, ECO533

Time Series Modelling

ECO570

3

ECO537

Industrial Economics

Water Economics and Policy

ECO571

ECO574

3

3

ECO631

-

Microeconomics of Public Policy Analysis

ECO575

3

ECO531/301/312/501

Social Impact Evaluation

ECO577

3

-

D. Supporting courses (Mathematics & Statistics)

Course title

Course code

Credit hours

Pre-requisite

Calculus with Applications I or Calculus I with Plain
Geometry

 

MTS101/MTS104

 

3

 

-

Calculus with Applications II or Calculus II with Solid
Geometry

 

MTS232/MTS106

 

3

 

-

Linear Algebra

MTS203

3

-

Introduction to Statistics

MTS102

3

-

Statistical Inferences

College Algebra**

MTS202

MTS105

3

3

-

** 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 fees for College Algebra.

E. Non-specialization elective courses

 

Course title

 

Course code

 

Credit hours

 

Pre-requisite

Introduction to Computer Applications

MIS103

3

-

Essential Software

MIS150

3

-

Introduction to Academic Writing

SSC-236

3

-

Non-specialization elective I

-

3

-

Non-specialization elective II

-

3

-

Non-specialization elective III

-

3

-

Non-specialization elective IV

-

3

-

Non-specialization elective V

-

3

-

Non-specialization elective VI

-

3

-

Non-specialization elective VII

-

3

-

Non-specialization elective VIII

-

3

-

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.

Semester-wise sequence of courses

Freshman

Semester - 1

Course code

Credit hours

Pre-requisite

1

English Grammar & Composition

SSC101

3

 

2

Pakistan History

SSC151

3

 

3

Principles of Microeconomics

ECO103

3

 

4

Introduction to Computer Applications

MIS103

3

 

5

6

Introduction to Statistics

College Algebra**

MTS102

MTS105

3

3

 

 

Semester - 2

Course code

Credit hours

Pre-requisite

1

Speech Communication

HUM201

3

 

 

2

Socioeconomic Philosophy of Islam or
Philosophy, Logic and Ethics*

 

SSC301/HUM357

 

3

 

3

Principles of Macroeconomics

ECO104

3

 

 

4

Calculus with Applications I or Calculus
I with Plain Geometry

 

MTS101/MTS104

 

3

 

5

Non-specialization elective I

-

3

 

Sophomore

Semester - 3

Course code

Credit hours

Pre-requisite

1

Introduction to Academic Writing

SSC236

3

 

2

Linear Algebra

MTS203

3

 

3

Intermediate Microeconomics

ECO201

3

 

 

4

Calculus with Applications II or
Calculus II with Solid Geometry

 

MTS232/MTS106

 

3

 

5

Non-specialization elective II

-

3

 

 

Semester - 4

Course code

Credit hours

Pre-requisite

1

Essential Software

MTS111

3

 

2

Intermediate Macroeconomics

ECO202

3

 

3

Development Economics I

ECO203

3

 

4

Statistical Inferences

MTS202

3

 

5

Non-specialization elective III

-

3

 

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

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

Junior

Semester - 5

Course code

Credit hours

Pre-requisite

1

Microeconomic Theory

ECO312

3

 

2

Applied Econometrics I

ECO343

4

 

3

Development Economics II

ECO302

3

 

4

Mathematical Economics

ECO303

3

 

5

Non-specialization elective IV

-

3

 

 

Semester - 6

Course code

Credit hours

Pre-requisite

1

Macroeconomic Theory

ECO313

3

 

2

Applied Econometrics II

ECO344

4

 

3

Major Issues in Pakistan Economy

ECO403

3

 

 

4

International Trade or International
Economics

 

ECO466/ECO305

 

3

 

5

Non-specialization elective V

-

3

 

Seior

Semester - 7

Course code

Credit hours

Pre-requisite

1

Research Methods for Economics

ECO411

3

-

2

History of Economic Thought

ECO467

3

 

3

Economics elective I

ECO-

3

 

4

Economics elective II

ECO-

3

 

5

Non-specialization elective VI

-

3

 

6

Economics research project

ECO441

4

 

 

Semester - 8

Course code

Credit hours

Pre-requisite

 

1

Contemporary Issues in Global
Economics

 

ECO404

 

3

 

-

2

Economics elective III

ECO-

3

 

3

Economics elective IV

ECO-

3

 

4

Non-specialization elective VII

-

3

 

5

Non-specialization elective VIII

-

3

 

Note: Students are eligible to carry out their responsible citizen initiative (RC!)/social internships right after their 1st year of studies/2nd semester and should complete this mandatory graduation requirement by the end of their 3rd year of studies/6th semester.

About the Program:

BS Economics and Mathematics is a 4-year degree program that contains fundamental components of two fields of study: Economics and Mathematics. The program prepares the students for entry-level positions in private and public sectors, development organizations, banks, insurance companies, investment companies, education sector, and research organizations. A wide range of courses offered in this program give students several opportunities to broaden their knowledge and expand their horizon. The research project in the fourth year enables students to apply the quantitative tools learnt in the program to economic and financial problems in the public and private sectors.

Curriculum structure

Duration

4 years

Semesters

8

Courses

40

Research project

1

Total credit hours

128

Required courses:

Section

Course category

Courses

Credit hours

A

University core courses

4

12

B

Economics core courses

11

35

C

Economics electives

2

6

D

Mathematics core courses

11

35

E

Mathematics electives

2

6

F

Non-specialization courses (core-6 & electives-4)

10

30

G

Research project in Economics or Mathematics (core)

1

4

 

Total

41

128

A. University core courses

Course title

Course code

Credit hours

English Grammar and Composition

SSC101

3

Pakistan History

SSC151

3

Speech Communication

HUM201

3

Socioeconomic Philosophy of Islam or Philosophy, Logic and Ethics*

SSC301/HUM357

3

B. Economics core course

Course title

Course code

Credit hours

Pre-requisite

Principles of Microeconomics

ECO103

3

-

Principles of Macroeconomics

ECO104

3

-

Intermediate Microeconomics

ECO201

3

ECO103, MTS101

Intermediate Macroeconomics

ECO202

3

ECO104, MTS101

Development Economics I

ECO203

3

ECO103, ECO104

Microeconomic Theory

ECO312

3

ECO201

Macroeconomic Theory

ECO313

3

ECO202

Applied Econometrics I

ECO343

4

MTS202

Applied Econometrics II

ECO344

4

ECO341

Research Methods for Economics

ECO411

3

ECO303

International Trade or International
Economics

 

ECO466/ECO305

 

3

 

ECO103, ECO104

Economics Elective I

ECO-

3

-

Economics Elective II

ECO-

3

-

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

C. Economics electives (2 to be selected from the following list)

Course title

Course code

Credit hours

Pre-requisite

 

Public Economics

 

ECO401/ECO567

 

3

ECO103, ECO104/ECO531, ECO532 &
ECO533

Public Finance

ECO451

3

ECO103, ECO104

Monetary Economics

ECO452/ECO566

3

ECO103, ECO104

Time Series Econometrics

ECO457

3

MTS202

Climate Change Economics

ECO458/ECO551

3

ECO103, ECO104

Natural Resource and Environmental
Economics

 

ECO461

 

3

 

ECO103, ECO104

Game Theory/Game Theory & Competitive
Strategy

 

ECO464/ECO573

 

3

 

ECO103, ECO104

Health Economics

ECO471/ECO563

3

ECO103, ECO104

Labour Economics

ECO472

3

ECO103, ECO104

Economic Forecasting

ECO555

3

ECO537

Public Policy Analysis: Theory and Practice

ECO560

3

ECO531/501/102 /104 /103/113

Environmental and Resource Economics

ECO561

3

ECO531, ECO533

Financial Economics

ECO562

3

ECO531, ECO533

Time Series Modeling

ECO570

3

ECO537

Industrial Economics

ECO571

3

ECO631

Water Economics and Policy

ECO574

3

ECO103

Microeconomics of Public Policy Analysis

ECO575

3

ECO531/301/312/501

Social Impact Evaluation

ECO577

3

ECO103

Contemporary Issues in Global Economics

ECO404

3

ECO103, ECO104

History of Economic Thought

ECO467

3

ECO103, ECO104

Development Economics II

ECO302

3

ECO103, ECO104

Major Issues in Pakistan Economy

ECO403

3

ECO103, ECO104

D. Mathematics core course

Course title

Course code

Credit hours

Pre-requisite

Calculus-I with Plane Geometry

MTS101

3

-

Discrete Mathematics

MTS211

3

-

Calculus-II with Solid Geometry

MTS232

3

MTS101

Linear Algebra

MTS203

3

-

Introduction to Differential Equations

MTS241

3

MTS101

Multivariable Calculus1

MTS242

4

MTS232

Partial Differential Equations2

MTS436

3

MTS241

Optimization Techniques

MTS330

3

MTS203

Stochastic Process

MTS304

3

MTS231

Probability & Statistical Models

MTS430

3

MTS231

Real Analysis I3

MTS341

4

MTS232

Mathematics elective I

MTS-

3

-

Mathematics elective II

MTS-

3

-

1. "Multivariable Calculus (MTS242)" could be counted in place of "Calculus III (MTS204)" but vice-versa is not applicable.

2. "Partial Differential Equations (MTS436) is equivalent to "Advance Differential Equations (MTS303)".

3. "Real Analysis I (MTS341) could be counted in place of "Real Analysis (MTS301)" but vice-versa is not applicable.

E. Mathematics electives (2 to be selected from the following list)

Course title

Course code

Credit hours

Pre-requisite

Abstract Algebra I

MTS305

3

MTS203

Abstract Algebra II

MTS413

3

MTS305

Complex Analysis

MTS302

3

MTS341

Functional Analysis I

MTS411

3

MTS341

Functional Analysis II

MTS412

3

MTS411

Numerical Analysis

MTS306

3

MTS232

Topology I

MTS451

3

MTS341

Numerical Solutions of PDE

MTS431

3

MTS414

Integral Equations

MTS432

3

MTS303

Advanced Numerical Analysis I

MTS433

3

MTS414

Advanced Numerical Analysis II

MTS434

3

MTS433

Differential Geometry

MTS435

3

MTS204, MTS203

Fluid Dynamics I

MTS437

3

-

Fluid Dynamics II

MTS438

3

-

Financial Mathematics with a computational approach

 

MTS441

 

3

 

-

Computational Finance

MTS442

3

-

Modern Algebra I (Galios Theory & Applications)

 

MTS443

 

3

 

MTS413

Modern Algebra II (Commutative
Rings & Fields)

 

MTS444

 

3

 

MTS413

Measure Theory I

MTS445

3

-

Measure Theory II

MTS446

3

-

Operations Research I

MTS447

3

-

Operations Research II

MTS448

3

-

Scientific Computing for Linear
PDE’s

 

MTS414

 

3

 

MTS413

Introduction to Differential Topology

MTS452

3

MTS451

Financial Engineering

MTS453

3

MTS441

F. Non-specialization courses

Course title

Course code

Credit hours

Pre-requisite

Introduction to Statistics

MTS102

3

MTS105

Statistical Inference

MTS202

3

MTS102

Probability Theory1

MTS231

3

MTS102

Essential Software

MTS111

3

-

Foundations of Data Science

CSE-

3

-

Introduction to Academic Writing

SSC236

3

-

Non-specialization elective-I

-

3

-

Non-specialization elective-II

-

3

-

Non-specialization elective-III

-

3

-

Non-specialization elective-IV

-

3

-

1“Probability Theory (MTS231) is equivalent to “Applied Probability Theory (MTS112)”.

Non-specialization electives: Four courses are to be chosen from courses other than Mathematics and Economics. These non-specialization electives may be from different subject areas including Accounting, Finance, Marketing, Management, Social Sciences and Liberal Arts, Computer Sciences, or any other field.

G. Research project

Course title

Course code

Credit hours

Pre-requisite

Economics Research Project or Mathematics
Research Project*

ECO441/MTS471

4

-

*Students can take either ECO441 or MTS471.

Semester-wise sequence of courses

Freshman

Semester - 1

Course code

Credit hours

Pre-requisite

1

English Grammar & Composition

SSC101

3

-

2

Pakistan History

SSC151

3

-

3

Introduction to Statistics

MTS102

3

MTS105

4

Calculus I with Plane Geometry

MTS101

3

-

5

Principles of Microeconomics

ECO103

3

-

 

Semester - 2

Course code

Credit hours

Pre-requisite

1

Speech Communication

HUM201

3

-

 

2

Socioeconomic Philosophy of Islam or
Philosophy, Logic and Ethics*

 

SSC301/HUM357

 

3

 

-

3

Calculus II with Solid Geometry

MTS232

3

MTS101

4

Statistical Inference

MTS202

3

MTS102

5

Principles of Macroeconomics

ECO104

3

-

Sophomore

Semester - 3

Course code

Credit hours

Pre-requisite

1

Introduction to Academic Writing

SSC-236

3

-

2

Multivariable Calculus

MTS242

4

MTS232

3

Essential Software

MTS111

3

-

4

Intermediate Microeconomics

ECO201

3

-

5

Discrete Mathematics

MTS211

3

-

 

Semester - 4

Course code

Credit hours

Pre-requisite

1

Linear Algebra

MTS203

3

-

2

Foundations to Data Science

CSE-

3

-

3

Intermediate Macroeconomics

ECO202

3

MTS202

4

Probability Theory

MTS231

3

MTS102

5

Development Economics I

ECO203

3

ECO103, ECO104

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

Junior

Semester - 5

Course code

Credit hours

Pre-requisite

1

Real Analysis I

MTS341

4

MTS232

2

Introduction to Differential Equations

MTS241

3

MTS101

3

Microeconomic Theory

ECO312

3

ECO201, MTS112, MTS201

 

4

 

Applied Econometrics I

 

ECO343

 

4

ECO103, ECO104 & MTS202

5

Non-specialization elective I

-

3/4

-

 

Semester - 6

Course code

Credit hours

Pre-requisite

1

Optimization Techniques

MTS330

3

MTS203

2

Stochastic Processes

MTS304

3

MTS231

3

Macroeconomic Theory

ECO313

3

ECO201, MTS112, MTS201

4

Applied Econometrics II

ECO344

4

ECO301

5

Non-specialization elective II

-

3/4

-

Senior

Semester - 7

Course code

Credit hours

Pre-requisite

1

Economics elective I

ECO-

3

-

2

Partial Differential Equations

MTS436

3

MTS241

3

Non-specialization elective III

MTS-

3

-

4

Mathematics elective I

-

3

-

5

Research Methods for Economics

ECO411

3

-

 

6

Research Project in Economics or
Mathematics

 

ECO441/MTS471

 

4

 

-

 

Semester - 8

Course code

Credit hours

Pre-requisite

1

International Trade or International Economics

ECO466/ECO305

3

-

2

Non-specialization elective IV

-

3

-

3

Probability & Statistical Models

MTS430

3

MTS231

4

Economics elective II

ECO-

3

-

5

Mathematics elective II

MTS-

3

-

Note: Students are eligible to carry out their responsible citizen initiative (RCI)/social internships right after their 1st year of studies/2nd semester and should complete this mandatory graduation requirement by the end of their 3rd year of studies/6th semester.