Faculty of Management Sciences

Department of Economics

The Department of Economics was established in 2004 and became the first institute of higher learning in Pakistan to offer a 4-Year specialized BS program in the field of Economics. The prime objective behind the establishment of the Department was to provide the highest standards of excellence in learning and research. BS Economics Program is developed such that it enhances learners’ critical thinking, quantitative reasoning, problem-solving, specialized knowledge and its application and communication skills. The achievements of the graduated students— who have acquired jobs in leading institutions of Pakistan; and admission in leading graduate programs globally— reflect the quality and excellence of the BS Economics Program at BUITEMS.

With a similar commitment level, in 2013, the Department started a Master’s degree in Economics. Following the guidelines and standards extended by the Higher Education Commission of Pakistan (HEC) the MS Program in Economics at BUITEMS offers training in economic theory, econometrics and/or applied economics. The curriculum is structured around the core and optional topics like Microeconomic Theory, Macroeconomic Theory, Econometrics, Public Finance, Labor Economics, financial development, industrial health, International Sustainable Economic Development and Agricultural economics.

Admission Requirement

  • Intermediate or equivalent with at least 45% marks in aggregate.
  • Qualifying admission test and/or interview with at least desirable percentage as decided by the Admission Committee.

Degree Requirement

  • Total Credit Hours: 130
  • Total Courses: 44-46
  • Minimum CGPA ≥ 2.0
  • Academic rules

* For details Program Schema

Program Schema

The BS Economics is a 4-years (8-semesters) programme in which students are required to complete a specified number of courses:

First Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 HUM-164 Academic Reading & Writing   3
2 ECON 101 Principles of Microeconomics   3
3 HUM-101 Islamic Studies / Ethics   2
4 CS-101 Introduction to Information and communication technology   2+1
5 HUM-136 Principles of Psychology (Diversification)   3
Second Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 HUM-261 Advanced Academic Reading & Writing Academic Reading & Writing 3
2 ECON 141 Basic Mathematics   3
3 ECON 111 Principles of Macroeconomics   3
4 ECON 121 Descriptive Statistics   3
5 HUM-104 Introduction to Sociology (Diversification)   3
6 MGMT-206 Principles of Management (Diversification)   3
Third Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 HUM-263 Communication Skills   3
2 ECON 201 Intermediate Microeconomics Principles of Microeconomics 3
3 HUM-102 Pakistan Studies   2
4 ECON-210 Mathematical Economics-I   3
5 HUM-111 International Relations (Diversification)   3
6   Business Finance (Diversification)   3
Fourth Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON-322 Fundamentals of Entrepreneurship*   3
2 ECON 211 Intermediate Macroeconomics Principles of Macroeconomics 3
3 ECON-303 Inferential Statistics Descriptive Statistics 3
4   Introduction to Philosophy (Diversification)   3
5 MKGT-205 Marketing (Diversification)   3
6   Foreign Language (Diversification)   3
Fifth Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON 301 Microeconomic Analysis   3
2 ECON 312 Monetary Economics   3
3 ECON 313 Public Finance   3
4 ECON-216 Mathematical Economics-II Mathematical Economics-I 3
5 ECON 321 Basic Econometrics   3
6 ECON-107 Issues in Pakistan Economy   3
Sixth Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON 311 Macroeconomic Analysis Intermediate Macroeconomics 3
2 ECON-312 International Economics   3
3 ECON-201 Development Economics   3
4 ECON-608 Financial Economics   3
5 RES-601 Research Methodology   3
Seventh Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON-605 Time Series and Panel Data Econometrics   3
2 ECON-209 Islamic Economics & Finance   3
3   (Elective/ Optional)-1   3
4   (Elective/ Optional)-2   3
5   (Elective/ Optional-3/ FYP-I)   3
Eighth Semester
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON 231 Issues in World Economy   3
2   (Elective/ Optional)-4   3
3   (Elective/ Optional)-5   3
4   (Elective/ Optional)-6   3
5   (Elective/ Optional)-7/ FYP-II)   3
Elective Courses
S.No. Course Code Course Title Prerequisite Credit Hours
1 ECON 402 Game Theory   3
2 ECON 403 Industrial Organization   3
3 ECON 404 Behavioral Economics   3
4 ECON 411 Monetary Policy   3
5 ECON 412 Fiscal Policy   3
6 ECON 413 Cost-Benefit Analysis   3
7 ECON 414 Economics of Regulations and Competitive Economy   3
8 ECON 451 Trade and Development   3
9 ECON 452 International Finance   3
10 ECON 463 Development Policy   3
11 ECON 464 Poverty and Income Distribution   3
12 ECON 465 Political Economy   3
13 ECON 466 History of Economic Thought   3
14 ECON 467 World Economic History   3
15 ECON 468 Economics of Happiness and Wellbeing   3
16 ECON 471 Economics of Education   3
17 ECON 472 Urban Economics   3
18 ECON 473 Transport Economics   3
19 ECON 474 Health Economics   3
20 ECON 475 Institutional Economics   3
21 ECON 476 Real Estate Economics   3
22 ECON 477 Economics of Terrorism, War and Conflict   3
23 ECON 482 Labor Economics   3
24 ECON 483 Population Economics   3
25 ECON 484 Natural Resource Economics   3
26 ECON 485 Environmental Economics   3
27 ECON 486 Energy Economics   3
28 ECON 487 Economics of Climate Change   3
29 ECON 492 Islamic Banking: Theory and Practice   3
30 ECON 493 Islamic Finance   3
31 ECON 494 Divine Economics   3
32 ECON 495 Comparative Economic System   3

Admission Requirement

  • 16 years of education or equivalent e.g BS- 4 years in Economics/ Agriculture Economics from HEC recognized university with at least 60 percent marks (annual system) or CGPA 2.5 out of 4.
  • Qualifying GAT General with at least 50% marks.
  • Qualify interview conducted by the department of Economics.

Degree Requirement

  • Total Credit Hours: 30
  • Total Courses: 8-10
  • Minimum CGPA ≥ 2.5
  • Academic rules

* For details Program Schema

Program Schema
First Semester
S.No. Course Code Course Title   Credit Hours
1 ECON-602 Advanced Microeconomics     3
2 ECON-605 Econometric Methods – I     3
3 RES-610 Research Methods  Elective /Optional – 1   3
4 ECON-612 Topics in Environmental and Natural Resource Economics Elective/ Optional – 2   3
         
Second Semester
S.No. Course Code Course Title   Credit Hours
1 ECON-603 Advanced Macroeconomics     3
2 ECON-625 Econometric Methods – II     3
3 ECON-620 Topics in Public Economics Elective /Optional – 3     3
4 ECON-630 Topics in Labor Economics Elective /Optional – 4     3
         
Third & Fourth Semester
  Course Code Course Title   Credit Hours
  Diss-690 Research Thesis   6
         
         
Elective Courses
    Course Title   Credit Hours
  Topics in Public Economics     3
  Topics Monetary Economics     3
  Topics Development Economics     3
  Topics in Labor Economics     3
  Topics in International Economics     3
  Globalization and Socio Economic Change     3
    Islamic Economics Theory and Policy     3
  Topics in Experimental Economics     3
  Economics of Environmental and Natural Resource Economics     3
  The Economics of Climate Change     3
  Topics in Economics of Happiness and Well-Being     3
  Issues in Health Economics     3
  Financial Economics     3
  Research Methodology in Economics     3
  Structural Equation Modelling Real Analysis     3
         
         

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Admission Requirement Degree Requirement Program Schema Fee Structure

Related Disciplines

Management Sciences Economics Public Administration