VU
Virtual University of Pakistan
Department of Economics

Bachelor of Science in Economics

Introduction

BS Economics-Lateral (2.5 Years) program is designed for those students who, after completing their 14 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

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 63 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-Lateral Economics degree.

Scheme of Study

Total Credit Hours 63
Total Semesters 5
Duration 2.5 years


BS-Lateral (Economics)
Bridging Semester
Course Code Title Category Sub Category Type Pre Requisite Credit Hours Specialization
ECO302 Principles of Microeconomics Major Bridging Semester 3 (Theory:3, Practical:0)
ECO303 Principles of Macroeconomics Major Bridging Semester 3 (Theory:3, Practical:0)
ECO402 Microeconomics Major Bridging Semester 3 (Theory:3, Practical:0)
ECO403 Macroeconomics Major Bridging Semester 3 (Theory:3, Practical:0)
ECO601 Business Econometrics Major Bridging Semester 3 (Theory:3, Practical:0)
ECO603 International Economics Major Bridging Semester 3 (Theory:3, Practical:0)
VU001 Introduction to e-Learning General Education Bridging Semester 1 (Theory:1, Practical:0)
 
Semester No. 1
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. 2
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. 3
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. 4
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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