Department

Economics

Level

Undergraduate

Colleges

College of Economics & Social Development

Course Detail

This program is designed to provide students with a solid foundation in economic theory, quantitative techniques, and applied analysis. In a rapidly changing global and national environment, the program develops graduates who can understand and evaluate how markets function, how policies shape economic outcomes, and how organizations and countries respond to challenges such as growth, trade, development, and sustainability. Students will study core areas of microeconomics, macroeconomics, mathematics, and econometrics, while also exploring applied fields such as development economics, monetary and fiscal policy, international trade, and environmental economics. To broaden their academic and professional horizons, students have the opportunity to pursue minors in two areas: Data Science, Finance, International Relations, Media, and Psychology. The program also emphasizes practical exposure through a compulsory internship (3 credit hours) at an IoBM-approved firm, allowing students to connect theory with real-world applications. With 144 credit hours of comprehensive coursework spread over four years, the BS Economics program prepares graduates to excel in analytical/qualitative research in any sector of the economy, government, civil service, industry, and international organizations. Consistent with IoBM’s tradition of building Pakistan’s human capital, this program equips students with the knowledge, skills, and versatility to meet the pressing needs of the economy and to contribute meaningfully at both national and global levels.

 

Join IoBM’s BS in Economics program and become part of a new generation of economists and business leaders who will shape the future of Pakistan’s economy.

  • Students should not only be well familiar with economic theories and laws but also with applied economics.
  • They should be able to enhance their contribution towards the growth of the whole country/economy.
  • Students should be able to apply quantitative techniques and modeling to analyze key economic indicators for the performance of an organization.
  • Students should be well equipped with mathematical/statistical/economic tools to demonstrate strong analytical and prob- problem-solving skills.
  • They should be well-versed with E-Views, R, STATA, and SPSS software.
  • Students should be able to produce a research paper or article independently in any journal of international repute.
  • They should develop a thirst for research-based studies, like going for an M.Phil. or Ph.D.
  • They can further set an example by achieving success in their lives for their juniors to go for research-based studies
  • Students should be able to focus on the humanistic aspect of Economics w.r.t social sciences and its impact on society.
  • Students should be prepared for future careers in our interconnected society, whether in mass media or advanced study
  • Students should be able to analyze data, reports, and federal budgets critically.
  • Students will be capable of analyzing fiscal, monetary, and trade policy to provide problem-solving solutions.
  • Students should be able to get admission to institutes of international repute.
  • They should get international or national scholarships.
  • Understanding of the institutions, processes, constitutional background, and policy outcomes of the Pakistani government, and the ability to compare the Pakistani government to other countries around the world
  • Knowledge of key theories and concepts, historical developments, organizations, and modern issues in international relations.
  • Policy analyst/Research Economist • Research Analyst/ Public Policy Consultant.
  • Commerce Journalist/Content Developer • Urban/ Regional Planner
  • Domestic and International Financial institutions • Public Sector/Civil Service
  • Development Sector/ Environmental Economist

REL101 Islamic Studies 

BCN101 Academic English

MAT110 Calculus and Analytical Geometry

CSC210 Applications of Info. & Communication Technologies 

ETP101 Entrepreneurship

EEM101 Environmental Studies 

STA203 Probability Theory & Statistics

BCN301 Persuasive & Analytical Writing

PSY300 Introduction to Psychology

PSC201 Ideology and Constitution of Pakistan 

SSC303 Service-Learning and Civic Responsibility 

PSC101    Pakistan Studies

LAN10* Foreign Language

*1 = Introduction to Arabic *2 = Introduction to French

*4 = Introduction to German *6 = Introduction to Italian

*8 = Introduction to Chinese

MAT211 Multivariable Calculus

STS201 Models and Inferences 

ECN302 Research Methodology in Economics

ECN101 Principles of Microeconomics

ECN102 Principles of Macroeconomics

ECN201 Microeconomics Analysis

ECN202 Macroeconomics Analysis

ECN203 Mathematical Economics 

ECN204 Development Economics 

ECN205 Managerial Economics 

ECN206 History of Economic Thought 

ECN301 Econometrics-I

ECN303 Game Theory

ECN304 International Trade 

ECN305 Financial Economics 

ECN306 General Equilibrium and Welfare Economics 

ECN401 Econometrics-II

ECN402 Contemporary Issues in Macroeconomics

ECN404 Pakistan Economic Policy

ECN405 Monetary Theory & Policy

ECN406 Analysis of Pakistan Industry

ECN407 Programming for Economics

Data Science

DSP161 Introduction to Data Science 

DSP261 Data Visualization for Economists 

DSP262 Data Analytics for Economists   

DSP361 Machine Learning for Economists 




 

Finance

FNS201 Introduction to Business Finance 

FNS202 Financial Management

FNS203 Financial Institutions & Markets   

FNS301 Corporate Finance

 

International Relations

BIR301 Introduction to IR 

BIR401 Political Geography 

BIR303 World Politics 

BIR402 Globalization

 

Media

JOR101 Introduction to Journalism  

JOR302 Digital Journalism  

HIS101 Media History    

DER302 Writing for Digital Media 

 

Psychology

PSY305 Contemporary Social Psychology

PSY308 Psychological Aspects of Advertising 

PSY311 Consumer Psychology 

PSY440 Cyber Psychology, Behavior, and Social Networking



 

Economics (Electives) 

ECN450 Islamic Economics 

ECN451 Growth Theories

ECN452 Resources & Environmental Economics 

ECN453 Agriculture and Food Security

ECN454 Public Finance 

ECN456 Issues in Political Economy 

ECN457 Labor Economics

ECN460 Urban Economics



 

** Muslim students are required to take Understanding of the Holy Quran I (1 credit hour) and Understanding of the Holy Quran II (1 credit hour) during the Summer semesters to complete the degree requirement. Both courses are graded on a Pass/Fail basis and have no prerequisites.

 

**Note for Non-Muslim Students

Non-Muslim students will take a suitable 2-credit-hour General Education course in place of Understanding of the Holy Quran, as approved by the Institute’s statutory bodies.

 


COM010 Intensive English (Pre-Sessional Course) ***
*** A nine-hour non-credit 'Pre-sessional Intensive English module' is mandatory for freshmen who scored below 50% in the English portion of the IOBM admission test. This nine-hour pre-sessional course is conducted one week before the start of the Semester.

Semester 1
Course Code Course Name Credit Hours Pre-requisite
BCN101 Academic English 3+0 -
PSY300 Introduction to Psychology 3+0 -
MAT110 Calculus and Analytical Geometry 3+0 -
REL101 Islamic Studies (02 Credit Hours) 2+0 -
STS101 Probability Theory and Statistics 3+0 -
ECN101 Principles of Microeconomics 3+0 -
Total: 17
Semester 2
Course Code Course Name Credit Hours Pre-requisite
STS201 Models and Inferences 3+0 STS101
EEM101 Environmental Studies 3+0 -
PSC101 Pakistan Studies 3+0 -
BCN301 Persuasive & Analytical Writing 3+0 BCN101
ECN102 Principles of Macroeconomics 3+0 ECN101
ETP101 Entrepreneurship 3+0 -
Total: 18
Semester 3
Course Code Course Name Credit Hours Pre-requisite
ECN201 Microeconomic Analysis 3+0 ECN101
ECN202 Macroeconomic Analysis 3+0 ECN102
ECN203 Mathematical Economics 3+0 MAT110
PSC201 Ideology and Constitution of Pakistan 2+0 -
MAT211 Multivariable Calculus 3+0 MAT110
  Foreign Language 3+0 -
Total: 17
Semester 4
Course Code Course Name Credit Hours Pre-requisite
CSC210 Applications of Information Communications Technologies 3+0 -
ECN204 Development Economics 3+0 ECN202
ECN205 Managerial Economics 3+0 ECN201
ECN206 History of Economic Thought 3+0 ECN202
  Non-Specialization Course A1 3+0 -
  Non-Specialization Course B1 3+0 -
Total: 18
Semester 5
Course Code Course Name Credit Hours Pre-requisite
ECN301 Econometrics-I 3+0 STS201
ECN302 Research Methodology in Economics 3+0 ECN202
ECN303 Game Theory 3+0 ECN203
ECN304 International Trade 3+0 ECN204
  Non-Specialization Course A2 3+0 -
  Non-Specialization Course B2 3+0 -
Total: 18
Semester 6
Course Code Course Name Credit Hours Pre-requisite
ECN305 Financial Economics 3+0 ECN205
SSC303 Service-Learning and Civic Responsibility 2+0 -
ECN306 General Equilibrium and Welfare Economics 3+0 ECN201
ECN401 Econometrics-II 3+0 ECN301
  Non-Specialization Course A3 3+0 -
  Non-Specialization Course B3 3+0 -
Total: 17
Semester 7
Course Code Course Name Credit Hours Pre-requisite
ECN402 Contemporary Issues in Macroeconomics 3+0 ECN202
ECN404 Pakistan Economic Policy 3+0 ECN204
ECN407 Programming for Economics 3+0 ECN401
  Non-Specialization Course A4 3+0 -
  Economics Elective I 3+0 ECN301
  Economics Elective II 3+0 ECN301
Total: 18
Semester 8
Course Code Course Name Credit Hours Pre-requisite
ECN405 Monetary Theory & Policy 3+0 ECN305
ECN406 Analysis of Pakistan Industry 3+0 ECN404
  Non-Specialization Course B4 3+0 -
  Economics Elective III 3+0 ECN301
  Economics Elective IV 3+0 ECN301
  Capstone Project 3+0 -
  Internship 3+0 -
Total: 21

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