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

Final year project Economics/ Mathematics

1

Total credit hours

128

Required courses:

Section

Course category

Courses

Credit hours

A

University core

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 and electives-4)

10

30

G

Final year project Economics/ Mathematics

1

4

 

Total

41

128

A. University core courses

Course title

Course code

Credit hours

Speech Communication

HUM201

3

English Grammar and Composition

SSC101

3

Pakistan History

SSC151

3

Socioeconomic Philosophy of Islam (SEPI) / Philosophy, Logic and Ethics (PLE)**

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

Intermediate Macroeconomics

ECO202

3

ECO104

Development Economics

ECO301

3

ECO103/ECO104/ECO105

Microeconomic Theory

ECO312

3

ECO201

Macroeconomic Theory

ECO313

3

ECO202

Applied Econometrics I

ECO343

4

MTS202

Applied Econometrics II

ECO344

4

ECO343

Research Methods for Economics

ECO411

3

ECO343

International Trade or International Economics

ECO466/ECO305

 

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

3

ECO201

Major Issues in Pakistan’s Economy

ECO403

3

ECO203

Contemporary Issues in Global Economics

ECO404

3

EOC104/ECO105

Public Finance

ECO451

3

ECO104/ECO105

Monetary Economics

ECO452

3

ECO202

Time Series Econometrics

ECO457

3

ECO343

Climate Change Economics

ECO458

3

ECO103

International Finance

ECO459

3

ECO103, ECO104

Natural Recourse and Environmental economics

ECO461

3

ECO201

Game Theory

ECO464

3

ECO201/ECO211

History of Economic Thought

ECO467

3

ECO104/EOC105

Health Economics

ECO471

3

ECO201

Labour Economics

ECO472

3

ECO201

D. Mathematics core course

Course title

Course code

Credit hours

Pre-requisite

Calculus-I

MTS101

3

-

Linear Algebra

MTS203

3

MTS101

Discrete Mathematics

MTS211

3

-

Calculus-II

MTS113

3

MTS101

Introduction to Differential Equations

MTS241

3

MTS101

Multivariable Calculus1

MTS242

4

MTS232

Stochastic Process

MTS304

3

MTS231

Optimization Techniques

MTS330

3

MTS203

Real Analysis I2

MTS341

4

MTS232

Probability and Statistical Models

MTS430

3

MTS231

Partial Differential Equations3

MTS436

3

MTS241

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

Complex Analysis

MTS302

3

MTS341

Abstract Algebra I

MTS305

3

MTS203

Numerical Analysis

MTS306

3

MTS232

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

F. Non-specialization courses

Course title

Course code

Credit hours

Pre-requisite

Foundations of Data Science

CSE306

3

-

Introduction to Statistics

MTS102

3

MTS105

Essential Software

MTS111

3

-

Statistical Inference

MTS202

3

MTS102

Probability Theory1

MTS231

3

MTS102

Introduction to Academic Writing

SSC236

3

-

Non-specialization elective-I

-

3

-

Non-specialization elective-II

-

 

-

Non-specialization elective-III

-

 

-

Non-specialization elective-IV

-

 

-

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. Final year project Economics/ Mathematics

Course title

Course code

Credit hours

Pre-requisite

Final Year Economics 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

Principles of Microeconomics

ECO103

3

-

2

Calculus I

MTS101

3

-

3

Introduction to Statistics

MTS102

3

-

4

English Grammar and Composition

SSC101

3

-

5

Pakistan History

SSC151

3

-

 

Semester - 2

Course code

Credit hours

Pre-requisite

1

Principles of Macroeconomics

ECO104

3

-

2

Speech Communication

HUM201

3

-

3

Statistical Inference

MTS202

3

MTS102

4

Calculus II

MTS/MTS113

3

MTS101

5

Socioeconomic Philosophy of Islam (SEPI) / Philosophy, Logic and Ethics (PLE)**

SSC301/HUM357

3

-

Sophomore

Semester - 3

Course code

Credit hours

Pre-requisite

1

Intermediate Microeconomics

ECO201

3

ECO103

2

Essential Software

MTS111

3

-

3

Discrete Mathematics

MTS211

3

-

4

Multivariable Calculus

MTS242

4

MTS232

5

Introduction to Academic Writing

SSC236

3

-

 

Semester - 4

Course code

Credit hours

Pre-requisite

1

Foundations to Data Science

CSE306

3

-

2

Intermediate Macroeconomics

ECO202

3

ECO104

3

Development Economics

ECO301

3

ECO103/ECO104/EOC105

4

Linear Algebra

MTS203

3

MTS101

5

Probability Theory

MTS231

3

MTS102

*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

Microeconomic Theory

ECO312

3

ECO201

2

Applied Econometrics I

ECO343

4

MTS202

3

Introduction to Differential Equations

MTS241

3

MTS101

4

Real Analysis I

MTS341

4

MTS232

5

Non-specialization elective I

-

3

-

6

Personal Effectiveness **

SSC240

-

-

 

Semester - 6

Course code

Credit hours

Pre-requisite

1

Macroeconomic Theory

ECO313

3

ECO202

2

Applied Econometrics II

ECO344

4

EOC343

3

Stochastic Processes

MTS304

3

MTS231

4

Optimization Techniques

MTS330

3

MTS203

5

Non-specialization elective II

-

3

-

Senior

Semester - 7

Course code

Credit hours

Pre-requisite

1

Research Methods for Economics

ECO411

3

ECO343

2

Partial Differential Equations

MTS436

3

MTS241

3

Economics elective I

ECO-

3

-

4

Mathematics elective I

-

3

-

5

Non-specialization elective III

-

3

-

6

Final Year Economics Project or Final Year Mathematics Project

ECO 441/MTS 471

4

-

 

Semester - 8

Course code

Credit hours

Pre-requisite

1

International Trade or International Economics

ECO466/ECO305

3

ECO103, ECO104

2

Probability and Statistical Models

MTS430

3

MTS231

3

Economics elective II

ECO-

3

-

4

Economics elective II

MTS- -

3

-

5

Non-specialization elective IV

-

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.