VU
Virtual University of Pakistan
Federal Government University

Bachelor of Science in Economics (4 years program)

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 a 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:

  1. Impart sound theoretical and applied knowledge of economics.

  2. Provide a thorough understanding of the economic theory pertaining to global economic issues and its impact on Pakistan’s economy.

  3. Develop an ability in students to become effective independent researchers and learners.

  4. Develop professionals with a sound knowledge in the field of economics who can understand and analyze problems faced by developing country like Pakistan.

  5. Prepare students for advanced studies in economics.

Eligibility Criteria

Intermediate (12 years of education)/ A- Level or equivalent qualification with at-least 45% marks

Note

  • Candidates having ‘A’ level or Deeni Asnad or foreign qualification are required to provide equivalence certificate from IBCC or HEC, Islamabad as applicable.

  • Candidates having less than 45% marks in Intermediate or equivalent qualification will be eligible for admission after the successful completion of “Zero  Semester”.

BS Lateral Entry Admission:

Applicants with a 2-year Associate Degree in the same discipline (from an HEC-recognized institution) will be able to join the 5th semester of a BS program. Those with an Associate Degree in a different discipline or a conventional BA/BSc degree (annual system) must complete a bridging semester/deficiency semester to address academic deficiencies.

The minimum admission eligibility is a 2.00/4.00 CGPA for Associate Degree holders (semester system) or 45% marks for BA/BSc or equivalent (annual system). The University may set higher standards for specific programs.

Assessment Criteria

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.

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 129 credit hours with a minimum Cumulative Grade Point Average (CGPA) of 2.0 out of 4.

Project / Internship / Practicals

Students are required to complete internship of 3 credit hours and capstone project of 3 credit hours in the last two semesters of their BS Economics degree.

Scheme of Study

Total Credit Hours 129
Total Semesters 8
Duration 4 Years


BS (Economics) Course Selection Rules
Semester No. 1
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
CS101 Introduction to Computing General Education Applications of Information and Communication Technologies (ICT) Required 3 (Theory:3, Practical:0)
ECO302 Principles of Microeconomics Major Required 3 (Theory:3, Practical:0)
ENG101 English Comprehension General Education Functional English Required 3 (Theory:3, Practical:0)
MTH100 General Mathematics General Education Quantitative Reasoning Required 3 (Theory:3, Practical:0)
PSY101 Introduction to Psychology General Education Social Sciences Elective 3 (Theory:3, Practical:0)
SOC101 Introduction to Sociology General Education Social Sciences Elective 3 (Theory:3, Practical:0)
ETH202 Ethics (for Non-Muslims) General Education Islamic Studies/Religious Education Studies Elective 2 (Theory:2, Practical:0)
ISL202 Islamic Studies General Education Islamic Studies/Religious Education Studies Elective 2 (Theory:2, Practical:0)
 
Semester No. 2
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO303 Principles of Macroeconomics Major Required 3 (Theory:3, Practical:0)
ECO402 Microeconomics Major Required 3 (Theory:3, Practical:0)
ENG201 Business and Technical English Writing General Education Expository Writing Required 3 (Theory:3, Practical:0)
ETH100 Effective Citizenship General Education Civics and Community Engagement Required 3 (Theory:3, Practical:0)
STA301 Statistics and Probability General Education Quantitative Reasoning Required 3 (Theory:3, Practical:0)
PAK302 Pakistan Studies General Education Ideology and Constitution of Pakistan Required 2 (Theory:2, Practical:0)
 
Semester No. 3
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO403 Macroeconomics Major Required 3 (Theory:3, Practical:0)
ECO501 Development Economics Major Required 3 (Theory:3, Practical:0)
ECO606 Mathematical Economics I Major Required 3 (Theory:3, Practical:0)
EDU403 Art, Crafts and Calligraphy General Education Arts and Humanities Required 3 (Theory:3, Practical:0)
MGT602 Entrepreneurship General Education Entrepreneurship Required 3 (Theory:3, Practical:0)
PAK301 Pakistan Studies General Education Ideology and Constitution of Pakistan Required 2 (Theory:2, Practical:0)
 
Semester No. 4
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO601 Business Econometrics Major Required 3 (Theory:3, Practical:0)
ECO603 International Economics Major Required 3 (Theory:3, Practical:0)
MGT411 Money & Banking Major Required 3 (Theory:3, Practical:0)
STA630 Research Methods Major Required 3 (Theory:3, Practical:0)
GSC101 General Science General Education Natural Sciences Elective 3 (Theory:3, Practical:0)
PHY101 Physics General Education Natural Sciences Elective 3 (Theory:3, Practical:0)
 
Semester No. 5
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO607 Mathematical Economics II Major Required 3 (Theory:3, Practical:0)
ECO610 Issues in the Economy of Pakistan Major Required 3 (Theory:3, Practical:0)
ECO614 Microeconomic Analysis Major Required 3 (Theory:3, Practical:0)
ENG301 Business Communication Interdisciplinary Required 3 (Theory:3, Practical:0)
HRM627 Human Resource Development Major Required 3 (Theory:3, Practical:0)
MGT211 Introduction To Business Interdisciplinary Required 3 (Theory:3, Practical:0)
 
Semester No. 6
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO609 Advanced Econometrics Major Required 3 (Theory:3, Practical:0)
ECO613 Globalization and Economics Major Required 3 (Theory:3, Practical:0)
ECO616 Macroeconomic Analysis Major Required 3 (Theory:3, Practical:0)
MTH302 Business Mathematics & Statistics Interdisciplinary Required 3 (Theory:3, Practical:0)
STAT404 Regression and Correlation Interdisciplinary Required 3 (Theory:3, Practical:0)
 
Semester No. 7
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO404 Managerial Economics Major Required 3 (Theory:3, Practical:0)
ECO605 Financial Economics Major Required 3 (Theory:3, Practical:0)
ECO608 Agricultural Economics Major Required 3 (Theory:3, Practical:0)
ECO615 Poverty and Income Distribution Major Required 3 (Theory:3, Practical:0)
ECOI619 Internship Report - Economics Major Field Experience / Internship Required 3 (Theory:3, Practical:0)
 
Semester No. 8
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
BNK611 Economic Ideology in Islam Major Required 3 (Theory:3, Practical:0)
ECO499 Capstone Project Major Capstone Project Required 3 (Theory:3, Practical:0)
ECO604 Monetary Economics Major Required 3 (Theory:3, Practical:0)
ECO612 Population Economics Major Required 3 (Theory:3, Practical:0)
ECO622 Energy Economics Major Required 3 (Theory:3, Practical:0)
 


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