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. |