UNDERGRADUATE
BS Economics and Mathematics

BBA

Bachelor of Science (BS) Economics and Mathematics

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. The wide range of courses offered in this program gives students ample opportunities to broaden their knowledge base. The economics research project in the final year enables students to apply the quantitative tools learned in the program to the economic and financial problems in the public and private sectors.



Click for 2023-24 Curriculum

Bachelor of Science (BS) Economics and Mathematics

×
Curriculum Structure
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.

×
Curriculum Structure

Duration

4 years

Semesters

8

Courses

42

Capstone Project

1

Internship

1

Total credit hours (41 courses, 1 project, 1 internship)

129

Personal Effectiveness (non-credit short course)

1

Responsible Citizen Initiative (non-credit social internship)

1

Required Courses, Internships, and Project

Section

Course Category

Courses

Credit Hours

A

General Education

12

31

B

Economics Core

11

35

C

Economics Elective

2

6

D

Mathematics Core

11

33

E

Mathematics Elective

2

6

F

Interdisciplinary/Allied

4

12

G

Capstone Project

1

3

H

Internship

1

3

I

Personal Effectiveness (non-credit short course)

1

-

J

Responsible Citizen Initiative ((non-credit social internship)

1

-

Total

129

A. GENERAL EDUCATION COURSES

S. No. Course Title Course Code Credit hours Prerequisite

1

Entrepreneurship

BUS103

2

-

2

Civic and Community Engagement

SSC215

2

-

3

Introduction to Computer Applications  

MIS103

3

-

4

Islamic Scholarly Tradition/Philosophy Logic and Ethics*

SSC313/HUMXXX

2

-

5

Pakistan History

SSC153

2

-

6

Critical Reading and Speech Communication

SSC108

3

-

7

Introduction to Academic Writing

SSC236

3

-

8

Introduction to Statistics

MTS102

3

-

9

Statistical Inference

MTS202

3

MTS102

10

Introduction to Philosophy  

HUM102

2

-

11

Physics/Mechanics/Electricity, Magnetism and Waves**

SCI201/PHYXXX/PHY102

3

-

12

Introduction to Psychology/Anthropology/Sociology **

SSC218/SSCXXX/SSCXXX

3

-

*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

Development Economics

ECO301

3

ECO104

11

International Trade

ECO466

3

ECO103

C. ECONOMICS ELECTIVE COURSES

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

S. No. Course Title Course Code Credit Hours Prerequisite

1

Public Economics

ECO401

3

ECO201

2

Machine Learning for Economists

ECO405

3

MTS111

3

Public Finance

ECO451

3

ECO104

4

Monetary Economics

ECO452

3

ECO202

5

Time Series Econometrics

ECO457

3

ECO343

6

Climate Change Economics

ECO458

3

ECO103

7

International Finance

ECO459

3

ECO104

8

Environmental Economics

ECO450

3

ECO201

9

Natural Resource and Environmental Economics

ECO461

3

ECO201

10

Game Theory

ECO464

3

ECO201

11

Health Economics

ECO471

3

ECO201

12

Labour Economics

ECO472

3

ECO201

13

Energy Economics

ECO463

3

-

14

Energy Systems & Policy

ECO474

3

-

15

Behavioral Economics

ECO470

3

ECO103

16

Spatial Economics

ECO477

3

-

17

Economics of Education

ECO479

3

-

D. MATHEMATICS CORE COURSES

S. No. Course Title Course Code Credit Hours Prerequisite

1

Calculus-I

MTS101

3

-

2

Calculus-II

MTS232

3

MTS101

3

Multivariable Calculus

MTS424

3

MTS232

4

Linear Algebra

MTS203

3

MTS101

5

Discrete Mathematics

MTS211

3

-

6

Introduction to Differential Equations

MTS241

3

MTS101

7

Stochastic Process

MTS304

3

MTS231

8

Optimization Techniques

MTS330

3

MTS101, MTS203

9

Partial Differential Equations

MTS436

3

MTS241

10

Real Analysis I

MTS341

3

MTS232

11

Probability Theory

MTS231

3

-

E. MATHEMATICS ELECTIVE COURSES

Students are required to take two mathematics elective courses. Currently, the following elective courses are being offered.

S. No. Course Title Course Code Credit Hours Prerequisite

1

Complex Analysis

MTS302

3

MTS341

2

Abstract Algebra I

MTS305

3

MTS203

3

Numerical Analysis

MTS306

3

MTS232

4

Functional Analysis I

MTS411

3

MTS341

5

Functional Analysis II

MTS412

3

MTS411

6

Abstract Algebra II

MTS413

3

MTS305

7

Numerical Solutions of PDE

MTS431

3

MTS414

8

Integral Equations

MTS432

3

MTS303

9

Advanced Numerical Analysis I

MTS433

3

MTS414

10

Advanced Numerical Analysis II

MTS434

3

MTS433

11

Differential Geometry

MTS435

3

MTS204, MTS203

12

Fluid Dynamics I

MTS437

3

-

13

Fluid Dynamics II

MTS438

3

-

14

Financial Mathematics with a Computational Approach

MTS441

3

-

15

Computational Finance

MTS442

3

-

16

Topology I

MTS451

3

MTS341

17

Scientific Computing for Linear PDE’s

MTS414

3

MTS413

18

Modern Algebra I

(Galois Theory and Application)

MTS443

3

MTS413

19

Modern Algebra II

(Commutative Rings and Fields)

MTS444

3

MTS413

20

Measure Theory I

MTS445

3

-

21

Measure Theory II

MTS446

3

-

22

Operations Research I

MTS447

3

-

23

Operations Research II

MTS448

3

-

24

Introduction to Differential Topology

MTS452

3

MTS451

25

Financial Engineering

MTS453

3

MTS441

F. INTERDISCIPLINARY/ALLIED COURSES

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

S. No. Course Title Course Code Credit Hours Prerequisite

1

Essential Software

MTS111

3

-

2

Data Analytics for Economists

ECO304

3

ECO304

3

Interdisciplinary/Allied Elective I

-

3

-

4

Interdisciplinary/Allied Elective II

-

3

-

G. CAPSTONE PROJECT:

Students must complete one Capstone project of 3 credit hours in the final year.

S. No. Course Title Course Code Credit Hours Prerequisite

1

Capstone Project in Economics / Capstone Project in Economics Mathematics

ECO412/MTS439

3

-

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

PERSONAL EFFECTIVENESS: Personal Effectiveness is offered in either the 5th or 6th semester for BS Economics and Mathematics 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.ing

RESPONSIBLE CITIZEN INITIATIVE (SOCIAL INTERNSHIP): Students must complete their Responsible Citizen Internship (Social Internship) after completing their 2nd semester at IBA and 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

Calculus I

MTS101

3

-

Mathematics core

3

Introduction to Computer Applications

MIS103

3

-

General Education

4

Introduction to Statistics

MTS102

3

-

General Education

5

Critical Reading and Speech Communication

SSC108

3

-

General Education

S. No. Semester 2 Course code Credit hours Pre-requisite Course category

1

Principles of Macroeconomics

ECO104

3

-

Economics core

2

Calculus II

 MTS232

3

-

Mathematics core

3

Statistical Inference

MTS202

3

MTS102

General Education

4

Introduction to Psychology/Anthropology/Sociology

SSC218

3

-

General Education

5

Pakistan History

SSC153

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-requisiteh Course category

1

Intermediate Microeconomics

ECO201

3

ECO103

Economics core

2

Discrete Mathematics

MTS211

3

-

Mathematics core

3

Multivariable Calculus

MTS242

3

MTS232

Mathematics core

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

Linear Algebra

MTS203

3

MTS101

Mathematics core

3

Probability Theory

MTS231

3

MTS102

Mathematics core

4

Essential Software

MTS111

3

-

Interdisciplinary/ Allied

5

Physics/Mechanics/Electricity, Magnetism, Waves

SCI201/ PHYXXX/ PHY102

3

-

General Education

6

Intro to Philosophy

SSC102

2

-

General Education

S. No. Semester 5 Course code Credit hours Pre-requisite Course category

1

Applied Econometrics I

ECO343

4

MTS202

Economics core

2

Microeconomic Theory

ECO312

3

ECO201

Economics core

3

Macroeconomic Theory

ECO313

3

ECO202

Economics core

4

Introduction to Differential Equations

MTS241

3

MTS101

Mathematics core

5

Real Analysis I

MTS341

3

MTS232

Mathematics core

S. No. 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

International Trade

ECO466

3

ECO103, ECO104

Economics core

4

Partial Differential Equations

MTS436

3

MTS241

Mathematics core

5

Data Analytics for Economics

ECO304

3

-

Interdisciplinary/ Allied

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./strong> Semester 7 >Course code Credit hours Pre-requisite Course category

1

Development Economics

ECO301

3

ECO104

Economics core

2

Economics elective I

ECO

3

-

Economics elective

3

Stochastic Processes

MTS304

3

MTS231

Mathematics core

4

Mathematics elective I

MTS

3

-

Mathematics elective

5

Interdisciplinary/Allied elective I **

-

3

-

Interdisciplinary/Allied

6

Capstone Project in Economics/ Capstone Project in Mathematics

ECO412/ MTS439

0

-

Provisional for starting Capstone

S. No. Semester 8 Course code Credit hours Pre-requisite Course category

1

Optimization Techniques

MTS330

3

MTS101/ MTS203

Mathematics core

2

Mathematics elective II

MTS

3

-

Mathematic elective

3

Economics elective II

ECO

3

-

Economics elective

4

Interdisciplinary/Allied Elective II **

-

3

-

Interdisciplinary/Allied elective

5

Capstone Project in Economics/ Capstone Project in Mathematics***

ECO412/ MTS439

3

-

Capstone Project

* 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 two Interdisciplinary/Allied elective courses from Finance, Social Sciences, Data Science, and Computer Science.

*** Students can take either the Capstone Project in Economics (ECO412) or the Capstone Project in Mathematics (MTS439).


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