Introduction
Bachelor of Science in Economics is a 4-year accredited program, offered under the tutelage of the Department of Social Sciences. Specialty courses in Economics will be taught in conjunction with sequels of Mathematics, Political Science, Statistics and Econometrics courses. The degree is ideal for candidates interested in working in leadership roles within government and private agencies as Economists, Faculty, Bankers, Public Relations officers, Analysts, etc., or in demanding roles within multilateral institutions i.e., the World Bank and the United Nations. Optional specializations in Economics will provide the requisite knowledge to successfully pursue advanced degrees in disciplines such as Economics, Political Economy, Development Studies and related fields
BS Economics
VISION
- To enable students to critically evaluate socio-economic issues of developing and developed nations. It would seek solutions that are both a confirmation of, and an extension of, contemporary economic, political, social and development theories. It would enable students to study economic and policy issues, ensuring that the solutions and policy recommendations are considerate of the social, demographic, cultural and religious sensibilities of the people they address.
- To be a recognized center of excellence in preparing graduates to develop and apply feasible and creative solutions to current and future problems in development and economics related issues, both on a national and international level.
MISSION
- To study development challenges with a multi-disciplinary focus, reflecting the experiences of our valued faculty, in the context of the unique culture, demography, institutional policies and gee-political dynamics of the regions under study.
- To teach our students to think independently by a rigorous focus on reading, reflecting and improvising to give students confidence to tackle the most contemporary challenges in development.
- To provide context-sensitive ways of looking at development issues in a globalized world including critical reflections on conventional strategies and continuous pursuit for new ones.
- To teach how to evaluate the impact of decisions taken by key stakeholders, at the helm of economic & government agencies, with an understanding of their trickle-down effect(s) on the common man.
- Training students to apply contemporary quantitative and qualitative research methods, while offering encouragement and guidance in the proper documentation of results. Grooming scholars to offer innovative solutions and policy recommendations to evolving challenges related to Economics.
- Facilitating the learning, of our scholars, by providing access to relevant literature and scholarly journals, at a fully functional, on-campus library and through online resources.
- Encouraging scholars to ask probing questions, challenging engrained ideas, on important issues, within the Social Sciences disciplines, including Economics.
OBJECTIVES
- To offer a comprehensive teaching curriculum with courses paired together in a semester system that logically transitions from basic knowledge to intermediate and later advanced subjects, with several options to choose from, including specializations offered in Political Economy, World Economy & Globalization, Development Studies and Resource Economics.
- The application of modern pedagogical methods conducive to learning, with a varied grading system; ensuring a greater retention of knowledge and depth in learning.
- To provide a Liberal Arts learning experience in the center of a sprawling city, where healthy class interactions are held on important themes, while teachers steer discussions, allowing students to freely express opinions and grow their reasoning and oratorical abilities.
- To provide an affordable and accredited university degree in Economics that meets the needs of corporations requiring well-rounded graduates, who would endeavor to make positive contributions to furthering the company objectives, through their meticulous work ethic, discipline, and initiative.
Course Outline
Semester I
- English I
- Islamic Studies
- Introduction to Basic Computing
- Principles of Macroeconomics
- Introduction to Sociology
- Introduction to Mass Communication
Semester II
- English II
- Pakistan Studies
- Basic Mathematics
- Principles of Microeconomics
- Introduction to Geography
- History of South Asia
Semester III
- English III
- Intermediate Mathematics
- Intermediate Microeconomics
- Basic Statistics
- Introduction to Indo-Pak History
- Introduction to Anthropology
Semester IV
- Communication Skills
- Intermediate Macroeconomics
- Inferential Statistics
- Public Finance
- Introduction to Philosophy
- International Relations
Semester V
- Mathematical Economics
- Issues in Pakistan Economy
- Principles of International Trade
- Principles of Political Economy
- Elective I
Semester VI
- Basics of Econometrics
- Monetary Economics
- Labor Economics
- Overview of World Economy
- Elective II
Semester VII
- Time Series & Panel Data Econometrics
- Development Economics
- Elective III
- Elective IV
- Elective V
Semester VIII
- Research Methodology
- Financial Economics
- Elective VI
- Elective VII
- Elective VIII
*Note: This outline may be revised by the department if required.
Eligibility Criteria
- Minimum 45% marks in HSC (any subject) OR O/A level–(Foreign High School /equivalent)
- Equivalence as determined by the Inter board Committee of Chairmen (IBCC) is required for all non-Pakistan Boards of Education (www.ibcc.edu.pk)
- Qualify Aptitude Test & Interview
- Candidates residing outside of Pakistan may submit SAT/ACT results in substitution of Aptitude Test
Career Prospects
Graduates of the program will make meaningful contributions as Policy Analysts, Advisors to Multinational and government agencies, and researchers in development projects, including roles within Multilateral Aid & Financial institutions i.e., the World Bank, United Nations, and the Asian Development Bank. Multilateral agencies will tremendously benefit from our graduates’ research skills & knowledge of local socio-economic challenges and cultural sensitivities, so that future economic policies are sympathetic to the requirements of the locals, while meeting the agencies’ objectives of improving the quality of life in our region. This program is also base to pursue further post-graduate and post-doctoral research degrees in the field of economics particularly and social sciences generally.
WHY CHOOSE THIS PROGRAM?
- The degree program offers a multidisciplinary curriculum, combining knowledge from disciplines in Social Sciences and Humanities, enhancing the understanding of Economic principles and their applicability to Politics, Public Policy, Finance, Trade, Foreign Policy, National interest, etc.
- The teaching methods and the progression of courses offered, meet the requirements of Pakistani and Multinational agencies, needing proficient Policy Analysts, Researchers, Social scientists and able Economists.
INSTITUTE OF HISTORICAL & SOCIAL RESEARCH ( IHSR )
The IHSR is a research organization with a vibrant progressive, pro-people vision.
Research conducted covers different disciplines independently as well as in a multidisciplinary manner. It deviates from traditional modes of historiography and views history from below, encompassing the common people, their sociopolitical contribution, ethos and values, and creative pursuits, as the major determinants of historical evolution.
The Institute preserves sources of peoples’ history, retrieves relevant historical documents and conducts original research,dealing with the ways of life, thinking and movements reflecting the concerns of people at a given point of time in the past. The Institute disseminates its historical research in the form of books, monographs, seminars and conferences. Preservation and publication of the political literature of Pakistan is of special interest.
In the domain of social research, the Institute focuses on contemporary socio-political issues of the country, with the common people as the central point of reference.
Programming Learning Outcomes (PLOs)
- By attending classes and participating in teacher prescribed activities and assignments, students should be able to demonstrate an enhanced learning of Economic principles and apply them to everyday life.
- Students should understand how Economics and its concomitant subjects in Social Sciences contribute to the debates in Politics, Finance, Public Policy, Human and Trade interactions.
- Students will learn to properly articulate their ideas both in writing and through logical arguments, with fellow students and the faculty.
- Students learn to employ Social Sciences statistical software(s) with proficiency.
- Students will complete important researches independently. They will be provided with the resources to convert their ideas into legible reports.
- Students will demonstrate outstanding knowledge, skills, confidence and work ethics, while working in challenging roles.
