Bachelor of Science (BS) Economics and Mathematics
| Curriculum Structure - 2023-24 | |
|---|---|
| Duration | 4 years |
| Semesters | 8 |
| Courses | 40 |
| Final Year Project in Economics or Mathematics | 1 |
| Total credit hours (40 courses and 1 project) | 128 |
| 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 | 11 | 35 |
| Economics electives | 2 | 6 |
| Mathematics core courses | 11 | 35 |
| Mathematics electives | 2 | 6 |
| Non-specialization courses (6 core and 4 electives) | 10 | 30 |
| Final Year Project Economics or Mathematics | 1 | 4 |
| Total | 41 | 128 |
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 | Calculus I | MTS101 | 3 | - | Mathematics core |
| 3 | Introduction to Statistics | MTS102 | 3 | - | Non-specialization core |
| 4 | Critical Reading and Writing | SSC101 | 3 | - | University core |
| 5 | Islamic Scholarly Traditions (IST)/ Philosophy, Logic and Ethics (PLE)* | SSC301/HUM357 | 3 | - | University core |
| Semester 2 | Course code | Credit hours | Pre-requisite | Course category | |
| 1 | Principles of Macroeconomics | ECO104 | 3 | - | Economics core |
| 2 | Calculus II | MTS113 | 3 | MTS101 | Mathematics core |
| 3 | Statistical Inference | MTS202 | 3 | MTS102 | Non-specialization core |
| 4 | Speech Communication | HUM201 | 3 | - | University core |
| 5 | Pakistan History | SSC151 | 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 | Discrete Mathematics | MTS211 | 3 | - | Mathematics core |
| 4 | Multivariable Calculus | MTS242 | 4 | MTS113 | Mathematics core |
| 5 | Essential Software | MTS111 | 3 | - | Non-specialization core |
| 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 | Linear Algebra | MTS203 | 3 | MTS101 | Mathematics core |
| 4 | Probability Theory | MTS231 | 3 | MTS102 | Non-specialization core |
| 5 | Foundations to Data Science | CSE306 | 3 | - | Non-specialization core |
| Junior | Semester 5 | Course code | Credit hours | Pre-requisite | Course category |
| 1 | Applied Econometrics I | ECO343 | 4 | MTS202 | Economics core |
| 2 | Introduction to Differential Equations | MTS241 | 3 | MTS101 | Mathematics core |
| 3 | Real Analysis I | MTS341 | 4 | MTS113 | Mathematics core |
| 4 | Introduction to Academic Writing | SSC236 | 3 | - | Non-specialization core |
| 5 | Non-specialization elective I | - | 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 | Stochastic Processes | MTS304 | 3 | MTS231 | Mathematics core |
| 4 | Optimization Techniques | MTS330 | 3 | MTS101/MTS203 | Mathematics core |
| 5 | Non-specialization elective II | - | 3 | - | Non-specialization elective |
| 6 | Personal Effectiveness ** | SSC240 | - | Core | |
| Senior | Semester 7 | Course code | Credit hours | Pre-requisite | Course category |
| 1 | Development Economics | ECO301 | 3 | ECO104 | Economics core |
| 2 | Partial Differential Equations | MTS436 | 3 | MTS241 | Mathematics core |
| 3 | Economics elective I | ECO | 3 | - | Economics elective |
| 4 | Mathematics elective I | MTS | 3 | - | Mathematics elective |
| 5 | Non-specialization elective III | - | 3 | - | Non-specialization elective |
| 6 | Final Year Economics Project or Final Year Mathematics Project*** | ECO441/MTS471 | 4 | - | Project |
| Semester 8 | Course code | Credit hours | Pre-requisite | Course category | |
| 1 | International Trade or International Economics | ECO466/ECO305 | 3 | ECO103, ECO104 | Economics core |
| 2 | Probability and Statistical Models | MTS430 | 3 | MTS231 | Mathematics core |
| 3 | Economics elective II | ECO | 3 | Economics elective | |
| 4 | Mathematics elective II | MTS | 3 | Mathematics elective | |
| 5 | Non-specialization elective IV | - | 3 | Non-specialization elective |
*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 can take either Final Year Project in Economics (ECO441) or Final Year Project in Mathematics (MTS471).
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 elective courses (2 courses to be selected)
| Course title | Course code | Credit hours | Pre requisite |
|---|---|---|---|
| Major Issues in Pakistan's Economy | ECO403 | 3 | ECO203 |
| History of Economic Thought | ECO467 | 3 | ECO104 |
| Contemporary Issues in Global Economics | ECO404 | 3 | EOC104 |
| 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 |
Mathematics elective courses (2 courses to be selected)
| Course title | Course code | Credit hours | Pre requisite |
|---|---|---|---|
| Complex Analysis | MTS302 | 3 | MTS341 |
| Abstract Algebra I | MTS305 | 3 | MTS203 |
| Numerical Analysis | MTS306 | 3 | MTS113 |
| Functional Analysis I | MTS411 | 3 | MTS341 |
| Functional Analysis II | MTS412 | 3 | MTS411 |
| Abstract Algebra II | MTS413 | 3 | MTS305 |
| 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 | - |
| Topology I | MTS451 | 3 | MTS341 |
| Scientific Computing for Linear PDE's | MTS414 | 3 | MTS413 |
| Modern Algebra I (Galois Theory and Application) | MTS443 | 3 | MTS413 |
| Modern Algebra II (Commutative Rings and Fields) | MTS444 | 3 | MTS413 |
| Measure Theory I | MTS445 | 3 | - |
| Measure Theory II | MTS446 | 3 | - |
| Operations Research I | MTS447 | 3 | - |
| Operations Research II | MTS448 | 3 | - |
| Introduction to Differential Topology | MTS452 | 3 | MTS451 |
| Financial Engineering | MTS453 | 3 | MTS441 |
Non-specialization electives courses
Four courses are to be chosen from courses other than Economics and Mathematics. These non-specialization elective courses may be from different subject areas including Accounting, Finance, Marketing, Management, Social Sciences and Liberal Arts, Computer Sciences, or any other field.