UNDERGRADUATE
BS Economics Program

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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

* 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.

Note:

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)

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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Curriculum Structure
Duration	4 years
Semesters	8
Courses	41
Capstone Project	1
Internship	1
Total credit hours (41 courses, 1 project, 1 internship)	127
Personal Effectiveness (non-credit short course)	1
Responsible Citizen Initiative (non-credit social internship)	1

A. GENERAL EDUCATION COURSES

*All Muslim students are required to register for Islamic Scholarly Tradition (IST), Non-Muslim students may take Philosophy Logic and Ethics (PLE)

** Students are required to take any one of these three courses.

B. ECONOMICS CORE COURSES

S. No.	Course Title	Course Code	Credit Hours	Prerequisite
1	Principles of Microeconomics	ECO103	3	-
2	Principles of Macroeconomics	ECO104	3	-
3	Intermediate Microeconomics	ECO201	3	ECO103
4	Intermediate Macroeconomics	ECO202	3	ECO104
5	Microeconomic Theory	ECO312	3	ECO201
6	Macroeconomic Theory	ECO313	3	ECO202
7	Applied Econometrics I	ECO343	4	MTS202
8	Applied Econometrics II	ECO344	4	ECO343
9	Research Methods in Economics	ECO411	3	ECO343
10	International Trade	ECO466	3	ECO103
11	Mathematical Economics	ECO303	3	MTS101
12	Data Analytics for Economists	ECO304	3	MTS111, MTS202
13	Essential Software	MTS111	3	-
14	Major Issues in Pakistan Economy	ECO403	3	ECO203
15	Development Economics	ECO301	3	ECO104
16	History of Economic Thought	ECO467	3	ECO104
17	Impact Evaluation Methods	ECO443	4	ECO343

C. ECONOMICS ELECTIVE COURSES:

Students are required to take six economics elective courses. Currently, the following elective courses are being offered:

Course Title	Course Code	Credit Hours	Prerequisite
Behavioral Economics	ECO 470	3	ECO103
Climate Change Economics	ECO458	3	ECO103
Decolonizing Economics: Epistemology and Practice	ECO481	3	-
Economics of Education	ECO479	3	-
Energy Economics	ECO463	3	-
Environmental Economics	ECO450	3	ECO201
Health Economics	ECO471	3	ECO201
Industrial Economics and Business Strategy	ECO476	3	ECO201
International Finance	ECO459	3	ECO104
Labour Economics	ECO472	3	ECO201
Machine Learning for Economists	ECO405	3	MTS111
Modern Quantitative Methods	ECO473	3	ECO344
Monetary Economics	ECO452	3	ECO202
Poverty and Income Distribution	ECO475	3	-
Public Finance	ECO451	3	ECO104
Spatial Economics	ECO477	3	-
Time Series Econometrics	ECO457	3	ECO343

D. INTERDISCIPLINARY/ALLIED COURSES

Students are required to take the following Interdisciplinary/Allied courses. Students must select one Interdisciplinary/Allied elective course from Finance, Social Sciences, Mathematics, Statistics, Data Science, and Computer Science.

Course Title	Course Code	Credit Hours	Prerequisite
Calculus I	MTC101	3	-
Calculus II	MTC232	3	MTS101
Linear Algebra	MTC203	3	MTS101
Interdisciplinary/Allied elective	-	3	-
College Algebra*	MTS105	Deficiency course for non-math students	-

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

E. NON-SPECIALISATION ELECTIVE:

Students must select two NS courses (at least six credit hours) from any discipline other than Economics, including Accounting, Finance, Marketing, Management, Social Sciences and Liberal Arts, Mathematics, Statistics, Data Science and Computer Science

F. CAPSTONE PROJECT:

Students must complete one Capstone Project In Economics of 3 credit hours in the final year.

Course Title	Course Code	Credit Hours	Prerequisite
Capstone Project in Economics	ECO412	3	-

G. INTERNSHIP: Students must engage in an internship of 3 credit hours after completing their 6th semester of the coursework, preferably during the summer break.

H. PERSONAL EFFECTIVENESS: Personal Effectiveness is offered in either the 5^th or 6^th semester for BS Economics students. This is a non-credit course and is a part of the graduation requirement. It consists of five 2-hour workshops distributed over the whole semester.

I. RESPONSIBLE CITIZEN INITIATIVE (SOCIAL INTERNSHIP): Students must complete their Responsible Citizen Internship (Social Internship) after completing their 2nd semester at IBA and must fulfill this graduation requirement before the end of their 6th semester.

 

SEMESTER-WISE SEQUENCE OF COURSES

S. No.	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	-	General Education
3	Introduction to Statistics	MTS102	3	-	General Education
4	Critical Reading and Speech Communication	SSC108	3	-	General Education
5	Pakistan History	SSC153	2	-	General Education
6	College Algebra*	MTS105	Deficiency course for non-math students

S. No.	Semester 2	Course code	Credit hours	Pre-requisite	Course category
1	Principles of Macroeconomics	ECO104	3	-	Economics core
2	Calculus I	MTS101	3	-	Interdisciplinary/ Allied
3	Statistical Inference	MTS202	3	-	General Education
4	Introduction to Psychology/Anthropology/Sociology	SSC218/SSCXXX/ SSCXXX	3	-	General Education
5	Introduction to Philosophy	HUM102	2	-	General Education
6	Islamic Scholarly Traditions / Philosophy, Logic, and Ethics **	SSC313/ HUMXXX	2	-	General Education

S. No.	Semester 3	Course code	Credit hours	Pre-requisite	Course category
1	Intermediate Microeconomics	ECO201	3	ECO103	Economics core
2	Linear Algebra	MTS203	3	MTS101	Interdisciplinary/ Allied
3	Calculus II	MTS232	3	MTS101	Interdisciplinary/ Allied
4	Introduction to Academic Writing	SSC236	3	-	General Education
5	Entrepreneurship	BUS103	2	-	General Education
6	Civic and Community Engagement	SSC215	2	-	General Education

S. No.	Semester 4	Course code		Credit hours		Pre-requisite		Course category
1	Intermediate Macroeconomics	ECO202		3		ECO103		Economics core
2	Mathematical Economics	ECO303		3		MTS101		Economics core
3	Essential Software	MTS111		3		-		Economics core
4	Physics/Mechanics/Electricity, Magnetism, Waves	SCI201/PHYXXX/PHY102		3		-		General Education
5	Non-specialization Elective I	-		-		-		NS Specialization
S. No.	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	Microeconomic Theory		ECO312		3		ECO201	Economics core
4	Macroeconomic Theory		ECO313		3		ECO202	Economics core
5	Economics Elective I		ECO		-		-	Economics elective

S. No.	Semester 6	Course code	Credit Hours	Pre-requisite	Course category
1	Applied Econometrics II	ECO344	4	ECO343	Economics core
2	Research Methods in Economics	ECO411	3	ECO343	Economics core
3	Major Issues in Pakistan Economy	ECO403	3	ECO203	Economics core
4	International Trade	ECO466	3	ECO103	Economics core
5	Economics Elective II	ECO	3	-	Economics elective
6	Personal Effectiveness	SSC240	-	-	Non-credit mandatory

S. No.	Summer Semester	Course code	Credit hours	Pre-requisite	Course category
1	Internship	-	3	-	Internship

S. No.	Semester 7	Course code	Credit hours	Pre-requisite	Course category
1	Impact Evaluation Methods	ECO443	4	ECO343	Economics core
2	History of Economic Thought	ECO467	3	ECO104	Economics core
3	Development Economics	ECO301	3	ECO104	Economics core
4	Economics elective III	ECO	3	-	Economics elective
5	Economics elective IV	ECO	3	-	Non-specialization elective
6	Capstone Project in Economics	ECO412	0	-	Provisional for starting Capstone Project

S. No.	Semester 8	Course code	Credit hours	Pre-requisite	Course category
1	Economics elective V	ECO	3	-	Economics elective
2	Economics elective VI	ECO	3	-	Economics elective
3	Non-specialization elective II	-	3	-	Non-specialization elective
4	Interdisciplinary/Allied Elective ***	-	3	-	Interdisciplinary/ Allied
5	Capstone Project in Economics	ECO412	3	-	Capstone Project

* 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 this course.

**All Muslim students are required to register for Islamic Scholarly Tradition (IST), Non-Muslim students may take Philosophy Logic and Ethics (PLE).

*** Students must select one Interdisciplinary/Allied elective course from Finance, Social Sciences, Mathematics, Statistics, Data Science, and Computer Science.