Department of Economics

Introduction

Economics is one the dynamic Department of the Institution of Southern Punjab. It was initiated in 2011 to produce efficient and knowledgeable educationalists, who do not only have command over fundamental theories but also have practical knowledge of solving day by day gross-root educational problems facing by the students and academicians. For this purpose, the student will have to undergo rigorous examination, research assignments, quiz and surprise test, in addition to comprehensive examination during course work. The best faculty in the region has been provided to equip the students with latest knowledge and practical techniques. 

Vision

The vision of the Department of Economics is to produce economists who meeting national and international economic challenges and develop problem diagnosing and problem-solving skill through rigorous knowledge transferring and knowledge sharing. The focus of all programs is to value creation. This vision is aligned to the vision of ISP, which emphasize on integration of teaching, outcome learning, advancement of knowledge and best competitive environment and state of the art infrastructure.

Mission

The mission of the Department of Economics is to develop human resources and transform them into human capital through rigorous teaching, training and research so that the students may significantly contribute in national development. This mission is accomplished through providing quality infrastructure, quality education and quality training so that the student, after completing his education, must not only be an innovative, charismatic, knowledgeable but also a perfect human being and a good citizen. This mission is developed on the line of ISP’s mission, which stresses upon the need of inculcating professional knowledge, skill and ethical values among the students.

Programs

Degree Title Duration Entry Requirement
BS Eco  (Hons) Bachelor of Science in Economics 4 Years Entry Requirement: Intermediate or equivalent  with at least 2nd division
MSc Eco Master of Science in Economics 2 Years Graduation Or equivalent with  at least 2nd division
MS/M.Phil Eco MS/M.Phil Economics 2 Years 16 Years relevant education /  level 6 ,from HEC recognize institute (Passed the  previous degree with a cumulative GPA score of  2.5/4.0 (under a semester system) or a second class  Master’s degree (earned under annual system))
GAT General (Category B) with at least 50 % score

Curriculum of Programs

There are three programs being offered currently by the Department of Economics, which are as follows: -

BS ECONOMICS (4-years)

This program has been launched as per HEC criteria. It is a four year programs comprising eight semester and 130 credit hours. The semester-wise scheme of this program is given as below:-

Scheme of Study BS Economics

I-Semester

  1. English-I
  2. Principles of Micro Economics
  3. Islamic Studies
  4. Mathematics-I
  5. Introduction to Computer
  6. Optional (Non-Economic)

2ndSemester

  1. English-II
  2. Pakistan Studies
  3. Principles of Macro Economics
  4. Mathematics II
  5. Optional (Non-Economics)
  6. Optional (Non-Economics)

3rd Semester

  1. English III
  2. Intermediate Microeconomics
  3. Development Economics
  4. Statistics-I
  5. Optional (Non-Economics)
  6. Optional (Non-Economics)

4th Semester

  1. English IV
  2. Intermediate Macroeconomics
  3. Statistics-II
  4. World Economic History
  5. Optional (Non-Economics)
  6. Optional (Non-Economics)

5th Semester

  1. Microeconomics
  2. Macroeconomics
  3. Mathematical Economics-I
  4. Issues in Pak Economy
  5. Optional (Non-Economics)

6-Semester

  1. Economic Growth
  2. Econometrics-I
  3. Mathematical Economics II
  4. Elective I
  5. Elective II

7th Semester

  1. International Trade Theory
  2. Research Methods
  3. Public sector Economics
  4. Econometrics-II
  5. Elective-III

8th Semester

  1. Entrepreneurial Economics
  2. Islamic Economics
  3. Monetary Economics
  4. Elective-IV
  5. Elective-V

Total Credit Hours = 130

List of Elective Courses:

1. Research project/Internship

2. Institutional Economics

3. Welfare and Happiness Economics

4. Labor Economics

5. Population Economics

6. Comparative Economic System

7. Project Appraisal and Investment Analysis

8. Environmental and Natural Resource Economics

9. Dynamic Macro Economics

10. Public Policies

11. Rural Development

12. Ethics in Economics

13. International Finance

14. Development Policy

15. Financial Markets

16. Managerial Economics

17. Political Economy

18. Industrial Economics

19. Transport Economics

20. Health Economics

21. Experimental and Behavioral Economics

22. Urban Economics

23. Regional Economics

24. Poverty and Income Distribution

25. Energy Economics

26. Economics of Education

27. Agricultural Economics

 

M.A. ECONOMICS

This program was started in October 1, 2010. It is one of the pioneer program of Institute of Southern Punjab. It is a two-year program, consisting of four semesters. Five subjects are offered in each semester and every subject is of three credit hours and 100 marks. 100 marks of each subject are divided into three parts: Mid-Term Exam= 25 marks; Final Term Exam =50 marks; Attendance= 10 marks; Assignment, Quiz, Surprise test, students’ behavior=15 marks. Total 20 courses, 3 credit each the students will have to study during four semesters while a dissertation of 6 credit hours is mandatory to write at the completion of course work. In this way, total credit hours of the program are 66 of which detail is given below.

Scheme of study M.Sc. Economics

Semester-I

  1. Macroeconomics-I
  2. Microeconomic-II
  3. Statistics for Economics
  4. Mathematical Economics
  5. Islamic Economics

Semester-II

  1. Microeconomics Analysis
  2. Macroeconomics Analysis
  3. Econometrics
  4. Application of Computer in Economics
  5. Pakistan’s Economy

Semester-III

  1. Environmental Economics
  2. Research Methods in Economics
  3. Monetary Economics
  4. International Trade
  5. Managerial Economics

Semester-IV                                                     

  1. Theory of Economic Innovation
  2. Human Resources Development
  3. Financial Economics
  4. Economic Growth and TFP
  5. Emerging Markets Challenges
  6. Dissertation/ Research Project 6                       

Grand Total = 66*

*Each course of 3 credit hours is equal to 100 marks, while research project and Dissertation is equal to 200 marks.

 

M.PHIL ECONOMICS

This program was initiated in 2011 and it is successfully running and so far its four badges have been passed out and serving inside and outside Pakistan. The program is basically research oriented. Total program is consisted of four semesters: two semester’s course work and two semester’s research works. During First two semesters of course work eight subjects are offered: four in each semester. Every subject has three credit hours and 100 marks. While in the last two semesters the students conduct research thesis/dissertation on the topic duly approved by the Board of Studies and Board of Advanced Research Studies. Every student will have to undergo rigorous examination process. After 8 lectures, Mid-Term Exam is conducted while at the end of 16 lectures Final Terminal Exam is conducted. Ten marks are earmarked for attendance while 15 marks are allocated for Assignment, quiz, surprise test and conduct of the student during study. Total credit hours of M.Phil. Economics program are 30 (24 for course work and 6 for dissertation).

The scheme of the study M.Phil. Economics

Semester-I

  1. Advanced Macroeconomics-I
  2. Advanced Microeconomic-II
  3. Advanced Econometrics
  4. Economic Development

Semester-II

  1. Advanced Macroeconomics-II
  2. Advanced Microeconomics-II
  3. Applied Econometrics
  4. Economics Growth      

Semester-III & IV

  1. Dissertation/ Thesis/ Two Courses* 6

 Grand Total Credit Hours=        30*

*The student has given choice either to opt research dissertation or study two extra courses after completing 24 credit hours. Each course of 3 credit hours is equal to 100 marks while dissertation has 6 credit hours and 200 marks.