Bachelor of Science (BS) Economics and Mathematics program
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 |
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 & |
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 |
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 |
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. 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 Final Year Mathematics 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 |
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 Final Year Mathematics Project |
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. |