BS Economics
Bachelor of Science (BS) Economics program
About the Program:
Bachelor of Science (BS) Economics program is a 4year degree program designed to give students a solid foundation in Economics. The program provides a wellcoordinated 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 
Nonspecialization 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. NonMuslim students may take either SEPI or PLE 
B. Economics core courses
Course title 
Course code 
Credit hours 
Prerequisite 
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 
Prerequisite 
Public Economics 
ECO401/ECO567 
3 
ECO103, ECO104/ECO531, ECO532, 
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 
Prerequisite 
Calculus with Applications I or Calculus I with Plain 
MTS101/MTS104 
3 
 
Calculus with Applications II or Calculus II with Solid 
MTS232/MTS106 
3 
 
Linear Algebra 
MTS203 
3 
 
Introduction to Statistics 
MTS102 
3 
 
Statistical Inferences College Algebra** 
MTS202 MTS105 
3 3 
 
** College algebra is a noncredit 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. Nonspecialization elective courses
Course title 
Course code 
Credit hours 
Prerequisite 
Introduction to Computer Applications 
MIS103 
3 
 
Essential Software 
MIS150 
3 
 
Introduction to Academic Writing 
SSC236 
3 
 
Nonspecialization elective I 
 
3 
 
Nonspecialization elective II 
 
3 
 
Nonspecialization elective III 
 
3 
 
Nonspecialization elective IV 
 
3 
 
Nonspecialization elective V 
 
3 
 
Nonspecialization elective VI 
 
3 
 
Nonspecialization elective VII 
 
3 
 
Nonspecialization elective VIII 
 
3 
 
Nonspecialization 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. 
Semesterwise sequence of courses
Freshman  Semester  1 
Course code 
Credit hours 
Prerequisite 
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 
Prerequisite 
1 
Speech Communication 
HUM201 
3 

2 
Socioeconomic Philosophy of Islam or 
SSC301/HUM357 
3 

3 
Principles of Macroeconomics 
ECO104 
3 

4 
Calculus with Applications I or Calculus 
MTS101/MTS104 
3 

5 
Nonspecialization elective I 
 
3 

Sophomore 
Semester  3 
Course code 
Credit hours 
Prerequisite 
1 
Introduction to Academic Writing 
SSC236 
3 

2 
Linear Algebra 
MTS203 
3 

3 
Intermediate Microeconomics 
ECO201 
3 

4 
Calculus with Applications II or 
MTS232/MTS106 
3 

5 
Nonspecialization elective II 
 
3 


Semester  4 
Course code 
Credit hours 
Prerequisite 
1 
Essential Software 
MTS111 
3 

2 
Intermediate Macroeconomics 
ECO202 
3 

3 
Development Economics I 
ECO203 
3 

4 
Statistical Inferences 
MTS202 
3 

5 
Nonspecialization elective III 
 
3 

*All Muslim students are required to register for SEPI. NonMuslim students may take either SEPI or PLE 
** College Algebra is a noncredit 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 
Prerequisite 
1 
Microeconomic Theory 
ECO312 
3 

2 
Applied Econometrics I 
ECO343 
4 

3 
Development Economics II 
ECO302 
3 

4 
Mathematical Economics 
ECO303 
3 

5 
Nonspecialization elective IV 
 
3 


Semester  6 
Course code 
Credit hours 
Prerequisite 
1 
Macroeconomic Theory 
ECO313 
3 

2 
Applied Econometrics II 
ECO344 
4 

3 
Major Issues in Pakistan Economy 
ECO403 
3 

4 
International Trade or International 
ECO466/ECO305 
3 

5 
Nonspecialization elective V 
 
3 

Senior 
Semester  7 
Course code 
Credit hours 
Prerequisite 
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 
Nonspecialization elective VI 
 
3 

6 
Economics research project 
ECO441 
4 


Semester  8 
Course code 
Credit hours 
Prerequisite 
1 
Contemporary Issues in Global 
ECO404 
3 
 
2 
Economics elective III 
ECO 
3 

3 
Economics elective IV 
ECO 
3 

4 
Nonspecialization elective VII 
 
3 

5 
Nonspecialization 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. 
Bachelor of Science (BS) Economics and Mathematics program
About the Program:
BS Economics and Mathematics is a 4year degree program that contains fundamental components of two fields of study: Economics and Mathematics. The program prepares the students for entrylevel 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 
Nonspecialization courses (core6 & electives4) 
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 
Prerequisite 
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 
ECO466/ECO305 
3 
ECO103, ECO104 
Economics Elective I 
ECO 
3 
 
Economics Elective II 
ECO 
3 
 
*All Muslim students are required to register for SEPI. NonMuslim students may either take SEPI or PLE 
C. Economics electives (2 to be selected from the following list)
Course title 
Course code 
Credit hours 
Prerequisite 
Public Economics 
ECO401/ECO567 
3 
ECO103, ECO104/ECO531, ECO532 & 
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 
ECO461 
3 
ECO103, ECO104 
Game Theory/Game Theory & Competitive 
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 
Prerequisite 
CalculusI with Plane Geometry 
MTS101 
3 
 
Discrete Mathematics 
MTS211 
3 
 
CalculusII 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 viceversa 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 viceversa is not applicable. 
E. Mathematics electives (2 to be selected from the following list)
Course title 
Course code 
Credit hours 
Prerequisite 
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 
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 
MTS414 
3 
MTS413 
Introduction to Differential Topology 
MTS452 
3 
MTS451 
Financial Engineering 
MTS453 
3 
MTS441 
F. Nonspecialization courses
Course title  Course code 
Credit hours 
Prerequisite 
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 
 
Nonspecialization electiveI 
 
3 
 
Nonspecialization electiveII 
 
3 
 
Nonspecialization electiveIII 
 
3 
 
Nonspecialization electiveIV 
 
3 
 
1“Probability Theory (MTS231) is equivalent to “Applied Probability Theory (MTS112)”. Nonspecialization electives: Four courses are to be chosen from courses other than Mathematics and Economics. These nonspecialization 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 
Prerequisite 
Economics Research Project or Mathematics 
ECO441/MTS471 
4 
 
*Students can take either ECO441 or MTS471. 
Semesterwise sequence of courses
Freshman 
Semester  1 
Course code 
Credit hours 
Prerequisite 
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 
Prerequisite 
1 
Speech Communication 
HUM201 
3 
 
2 
Socioeconomic Philosophy of Islam or 
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 
Prerequisite 
1 
Introduction to Academic Writing 
SSC236 
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 
Prerequisite 
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. NonMuslim students may take either SEPI or PLE 
Junior 
Semester  5 
Course code 
Credit hours 
Prerequisite 
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 
Nonspecialization elective I 
 
3/4 
 

Semester  6 
Course code 
Credit hours 
Prerequisite 
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 
Nonspecialization elective II 
 
3/4 
 
Senior 
Semester  7 
Course code 
Credit hours 
Prerequisite 
1 
Economics elective I 
ECO 
3 
 
2 
Partial Differential Equations 
MTS436 
3 
MTS241 
3 
Nonspecialization elective III 
MTS 
3 
 
4 
Mathematics elective I 
 
3 
 
5 
Research Methods for Economics 
ECO411 
3 
 
6 
Research Project in Economics or 
ECO441/MTS471 
4 
 

Semester  8 
Course code 
Credit hours 
Prerequisite 
1 
International Trade or International Economics 
ECO466/ECO305 
3 
 
2 
Nonspecialization 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. 