Introduction
The study of economics involves an analytical look at how scarce resources are allocated to various areas of production. It emphasizes the importance of making choices between desirable alternatives. The study of economics provides tools to make these choices in such areas as employment, economic growth, price stability, and trade. 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.
OBJECTIVES
The main objective is to achieve the highest possible standards of education, teaching, and research in economics. More specific objectives are to:
- Enhance the qualification of those who could not continue their education after HSSC through formal universities.
- Impart sound theoretical and applied knowledge of economics.
- Develop an ability in students to become effective independent researchers and learners.
- Provide a thorough understanding of the economic theory pertaining to global economic issues and its impact on Pakistan’s economy.
Learning Out Comes of BS Program.
- To provide general knowledge of the economy, National Income, and various methods of National Income Accounting.
- To provide the basic knowledge of various economic theories and economic models
- To enable the students to attain basic understanding of the core courses of the discipline.
- To empower the students for getting different analytical skills
- To strengthen the students for understanding the policy formulation at various levels
Eligibility Criteria
An applicant having intermediate (F.A/FSc.) is eligible for admission.
Selection Process
Open Merit
Duration
Medium of Instruction
Teaching Methodology
Open Distance Learning
The distribution of courses
|
Sr. No. |
Nature of Courses |
No. of Courses |
Credit Hours |
|
1 |
General Courses |
12 |
36 |
|
2 |
Major (Economics) |
26 |
78 |
|
3 |
Interdisciplinary |
04 |
12 |
|
4 |
Capstone Project |
01 |
03 |
|
5 |
Internship |
01 |
03 |
|
6 |
Non-Credit |
02 |
Nil |
|
Total |
46 |
132 |
|
Total Credits Hours Required
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
Functional English |
Functional English |
3(3+0) |
9382 |
|
Islamic Studies/ Ethics (for Non-Muslim) |
Islamic Studies/Ethics |
3(3+0) |
9401/5437 |
|
Ideology and Constitution of Pakistan |
Ideology and Constitution |
3(3+0) |
9378 |
|
Quantitative Reasoning |
Quantitative Reasoning-I |
3(3+0) |
9424 |
|
Economics |
Major |
3(3+0) |
9335 |
|
Total |
|
15 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
Expository Writing |
Expository Writing |
3(3+0) |
9381 |
|
Civics and Community Engagement |
Civic and Community Engagement |
3(3+0) |
9385 |
|
Quantitative Reasoning -II |
Quantitative Reasoning-II |
3(3+0) |
9383 |
|
Introduction to Psychology |
Social Sciences |
3(3+0) |
8411 |
|
Basics of Environmental Sciences |
Natural Science |
3(2+1) |
9389 |
|
Principles of Microeconomics |
Major |
3(3+0) |
9301 |
|
Total |
|
18 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
Arts Crafts & Calligraphy |
Arts and Humanities |
3(3+0) |
6410 |
|
Entrepreneurship |
Entrepreneurship |
3(3+0) |
5026 |
|
Application of Information and Communication Technologies |
Application of Information and Communication Technology |
3(2+1) |
9384 |
|
Principles of Macroeconomics |
Major |
3(3+0) |
9302 |
|
Issues in Pakistan Economy |
Major |
3(3+0) |
9317 |
|
Total |
|
15 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
Intermediate Microeconomics |
Major |
3(3+0) |
9303 |
|
Intermediate Macroeconomics |
Major |
3(3+0) |
9304 |
|
Introduction to Statistics for Economists |
Major |
3(3+0) |
9309 |
|
Introduction to Mathematical Economics |
Major |
3(3+0) |
9311 |
|
Development Economics |
Major |
3(3+0) |
9315 |
|
Monetary Economics |
Major |
3(3+0) |
9322 |
|
|
|
|
|
|
Total |
|
18 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
Microeconomic Analysis |
Major |
3(3+0) |
9305 |
|
Macroeconomic Analysis |
Major |
3(3+0) |
9306 |
|
Intermediate Mathematical Economics |
Major |
3(3+0) |
9312 |
|
Principles of Accounting |
Interdisciplinary |
3(3+0) |
5401 |
|
Intermediate Statistics for Economists |
Major |
3(3+0) |
9310 |
|
Fahm-e-Quran (Tajwid, Translation and Tafsir) |
|
Non-Credit |
9487 |
|
Total |
|
15 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course Code |
|
General Equilibrium & Welfare Economics |
Major |
3(3+0) |
9307 |
|
Macroeconomic Dynamics |
Major |
3(3+0) |
9308 |
|
Fundamentals of Econometrics |
Major |
3(3+0) |
9313 |
|
Islamic Economics |
Major |
3(3+0) |
9321 |
|
Money and Capital Markets |
Interdisciplinary |
3(3+0) |
5054 |
|
Seerat-E-Tayyaba |
|
Non-Credit |
9488 |
|
Total |
|
15 |
|
|
Name of Subject |
Academic Cluster |
Credit Hours |
Course code |
|
Public Sector Economics |
Major |
3(3+0) |
9320 |
|
Econometric Methods & Techniques |
Major |
3(3+0) |
9314 |
|
International Trade Theory &Policy |
Major |
3(3+0) |
9319 |
|
Agricultural Economics |
Major |
3(3+0) |
9331 |
|
Fundamentals of Business |
Interdisciplinary |
3(3+0) |
5402 |
|
Internship |
Mandatory |
3(0+3) |
9336 |
|
Total |
|
18 |
|
|
Academic Cluster |
Credit Hours |
Course Code |
|
|
Research Methodology |
Major |
3(3+0) |
9318 |
|
Population Economics |
Major |
3(3+0) |
9326 |
|
Institutional Economics |
Major |
3(3+0) |
9332 |
|
Energy Economics |
Major |
3(3+0) |
9328 |
|
Principles of Management |
Interdisciplinary |
3(3+0) |
5414 |
|
Capstone Project |
Mandatory |
3(0+3) |
9337 |
|
Total |
|
18 |
|
1
2
3
4
5
Semesters
Workshop
The online workshop for each course will comprise of 12 hours, with 2 hours daily for 6 days except for the teaching practice and project as per AIOU policy. Each semester will have a workshop for the courses offered in that particular semester. There will be an online quiz for every course at the end of the workshop.
Assessment Weightage
| Assignments (Weightage) | Workshop (Attendance & Quizzes) (Weightage) | Final Exam (Weightage) | Passing Marks |
| 20% | 30% Quiz | 50% | 50% (in aggregate). However, 40% marks in final exams is mandatory. |
Note: Allama Iqbal Open University (AIOU) reserves the right to amend the fee structure policy, course offering and assessment of courses when required. The existing course(s) will be adopted/adapted as per requirement. The department may change the sequence of the course(s) offering as per availability of course(s).