Introduction
Bachelor of Science in Economics program is designed for those students who, after completing their 12 years of education, are looking for some knowledge based, career oriented and market determined educational program in the field of Economics. The program is the blend of different courses like theoretical, quantitative and applied areas in economics, which will enable the students to review, analyze and provide solutions to complex problems with intellectual independence.
Program Objectives
The main objective is to achieve the highest possible standards of education, teaching and research in economics. More specific objectives are to:
- Impart sound theoretical and applied knowledge of economics.
- Provide a thorough understanding of the economic theory pertaining to global economic issues and its impact on Pakistan’s economy.
- Develop an ability in students to become effective independent researchers and learners.
- Develop professionals with a sound knowledge in the field of economics who can understand and analyze problems faced by developing country like Pakistan.
- Prepare students for advanced studies in economics.
Admission Eligibility Criteria
Intermediate (equivalent to 12 years of education) with at least 45% marks.
Note:
- Candidates having ‘A’ levels are required to provide equivalence certificate from Inter Board Committee of Chairman (IBCC), Islamabad.
- Candidates having less than 45% marks will be eligible for admission after successful completion of “Zero Semester”.
Course Exemption
Course exemption is allowed.
Duration
It is a four-year full time study program spread over eight semesters. Each semester has at least 18 weeks duration for teaching and examinations etc.
Courses of Study
| BS (Economics) | |||||||
| Semester No. 1 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| CS101 | Introduction to Computing | Required | 3 (Theory:3, Practical:0) | ||||
| ECO302 | Principles of Microeconomics | Required | 3 (Theory:3, Practical:0) | ||||
| ENG101 | English Comprehension | Required | 3 (Theory:3, Practical:0) | ||||
| MTH100 | General Mathematics | Required | 3 (Theory:3, Practical:0) | ||||
| SOC101 | Introduction to Sociology | Required | 3 (Theory:3, Practical:0) | ||||
| ETH202 | Ethics (for Non-Muslims) | Elective | 2 (Theory:2, Practical:0) | ||||
| ISL202 | Islamic Studies | Elective | 2 (Theory:2, Practical:0) | ||||
| VU001 | Introduction to e-Learning | Required | 1 (Theory:1, Practical:0) | ||||
| Semester No. 2 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO303 | Principles of Macroeconomics | Required | 3 (Theory:3, Practical:0) | ||||
| ENG201 | Business and Technical English Writing | Required | 3 (Theory:3, Practical:0) | ||||
| MGT111 | Introduction to Public Administration | Required | 3 (Theory:3, Practical:0) | ||||
| MTH302 | Business Mathematics & Statistics | Required | 3 (Theory:3, Practical:0) | ||||
| PSY101 | Introduction to Psychology | Required | 3 (Theory:3, Practical:0) | ||||
| PAK301 | Pakistan Studies | Required | 2 (Theory:2, Practical:0) | ||||
| Semester No. 3 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO402 | Microeconomics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO501 | Development Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO606 | Mathematical Economics I | Required | 3 (Theory:3, Practical:0) | ||||
| EDU101 | Foundations of Education | Required | 3 (Theory:3, Practical:0) | ||||
| ENG301 | Business Communication | Required | 3 (Theory:3, Practical:0) | ||||
| MGT503 | Principles of Management | Required | 3 (Theory:3, Practical:0) | ||||
| Semester No. 4 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO403 | Macroeconomics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO610 | Issues in the Economy of Pakistan | Required | 3 (Theory:3, Practical:0) | ||||
| ECO612 | Population Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ENG401 | Introduction to Literature: Short Story and Poetry | Required | 3 (Theory:3, Practical:0) | ||||
| STA301 | Statistics and Probability | Required | 3 (Theory:3, Practical:0) | ||||
| Semester No. 5 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO603 | International Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO607 | Mathematical Economics II | Required | 3 (Theory:3, Practical:0) | ||||
| ECO614 | Microeconomic Analysis | Required | 3 (Theory:3, Practical:0) | ||||
| MGT411 | Money & Banking | Required | 3 (Theory:3, Practical:0) | ||||
| MGT602 | Entrepreneurship | Required | 3 (Theory:3, Practical:0) | ||||
| STAT404 | Regression and Correlation | Required | 3 (Theory:3, Practical:0) | ||||
| Semester No. 6 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| BNK611 | Economic Ideology in Islam | Required | 3 (Theory:3, Practical:0) | ||||
| ECO601 | Business Econometrics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO613 | Globalization and Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO615 | Poverty and Income Distribution | Required | 3 (Theory:3, Practical:0) | ||||
| ECO616 | Macroeconomic Analysis | Required | 3 (Theory:3, Practical:0) | ||||
| Semester No. 7 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO604 | Monetary Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO605 | Financial Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO609 | Advanced Econometrics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO617 | Islamic Banking: Theory & Practice | Required | 3 (Theory:3, Practical:0) | ||||
| STA630 | Research Methods | Required | 3 (Theory:3, Practical:0) | ||||
| ECO499A | Final Year Project-Economics | Elective | 3 (Theory:3, Practical:0) | ||||
| MGT211 | Introduction To Business | Elective | 3 (Theory:3, Practical:0) | ||||
| Semester No. 8 | |||||||
| Course Code | Title | Type | Pre Requisite | Credit Hours | Specialization | ||
| ECO404 | Managerial Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO608 | Agricultural Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO611 | Environmental Economics | Required | 3 (Theory:3, Practical:0) | ||||
| ECO618 | Game Theory | Required | 3 (Theory:3, Practical:0) | ||||
| ECO499B | Final Year Project-Economics | Elective | 3 (Theory:3, Practical:0) | ||||
| HRM627 | Human Resource Development | Elective | 3 (Theory:3, Practical:0) | ||||
Assessment of Study Progress
The students’ study progress evaluation mechanism is based on continuous assessment throughout the semester by giving assignments, on-line quizzes, Graded Discussion Boards (GDBs), mid-term and final-term exams. The mid and final term exams are conducted at VU’s designated exam centers and usually count for 80 to 85% of the total marks for a course.
Project/internship
Students are required to complete a Project/ Internship Report of 3-credit hours in the final semester of their BS in Economics program. Internship is mandatory for all students. However, the students who are already in service shall be exempted from Internship but required to submit the Project.
Students taking Internship course are required to complete 6 to 8 weeks internship in an organization of repute and shall get internship letter from the concerned organization. Also, they shall be required to submit internship report and may be required to give a presentation.
For the students going for Project, the choice of the final project is at the student’s discretion. However, consultation with the student advisor is compulsory. Students have to submit a detailed write-up of the Project and may be required to give a presentation.
Award of Degree
To be eligible for the award of BS Economics degree, the student is required to complete prescribed course work of at least 132 credit hours with a minimum Cumulative Grade Point Average (CGPA) of 2.0 out of 4.
Disclaimer
- The courses may be revised time to time as a result of continuous review to bring them at par with courses being taught at top-class national and foreign universities. While reviewing the courses, needs of local industry and job market are also given full consideration.
- The University reserves the right to change fee structure from time to time.