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Associate Of Science- (Economics)

Associate of Science in Economic consists of 69 Credit Hours.

In this undergraduate program, students are equipped with the tools that help them to identify economic trends in order to make accurate economic and financial predictions. Thus students, after completing this program, can assist private companies and government organizations with their financial planning.

Foundation Courses
(Placement in this course is subject to the result of the University Placement Test) This course focuses on all four skills: reading, writing, speaking and listening in general, and writing in particular at elementary level. With an ordered and integrated approach, the course strengthens students’ communicative competence in the English language. The learners are expected to be users of the language in informal as well as formal contexts with a sense of accommodation for new ideas.
(Placement in this course is subject to the result of the University Placement Test) This course focuses on understanding of the English language to prepare the students at intermediate level of language skills including reading, writing, speaking and listening.
(Placement in this course is subject to the result of the University Placement Test) This course is designed to strengthen the basic concepts of preliminary set theory, algebra, trigonometry, analytical geometry and statistics. The course enables the weak students in mathematics to take advanced courses of mathematics and statistics.
Module I
This course introduces students to information and communication technology in a business environment and builds a foundation of digital literacy skills necessary for success in a technology driven society. Students develop skills in word processing, spreadsheet, database, desktop publishing, presentation software, and website designing. Throughout the course, the emphasis is on digital literacy, effective electronic research and current issues.
This course gives an overview of the social system, economy as integral part of the social system, economic agents and economic problems, basic concepts such as commodities, income and resources, production and consumption, exchange and distribution. It also covers the price mechanism of firms, consumer behavior, and industries, production and cost functions and market structure.
The course gives a broad overview of ancient Greek, Roman and Medieval Economic thoughts including feudalism, mercantilism, naturism, circular flow etc. It also covers classical school, socialism, Keynesian, and post-Keynesian schools.
A course in reading, writing, reflection and discussion, emphasizing rhetorical analysis and strategies for focusing, developing, and organizing writing. Special attention is also given to strategies for writing, revising and editing. In all, the course implies a general introduction to the principles of writing with emphasis on writing process, thesis, context, purpose and audience.
This course aims to familiarize students with the principles of making different kinds of oral presentations and speeches. Students study how to make an outline, collect data and organize it to develop clarity. After generating ideas and finalizing topics, the students deliver speeches and learn to manipulate body language, tone, voice variation, etc. Gradually, the students gain confidence and overcome the fear of public speaking.
A comprehensive history of Pakistan is taught starting from pre- independence period. The second part of the course focuses on the basic Islamic concepts.
Mathematics is an integral part of business studies. In this course the quantitative skills of students are improved. To achieve this goal, we provide presentation of the mathematical principles, techniques, and applications most commonly used in business, economics, management sciences, and social sciences.
Module II
This course gives an overview of the social system, economy as integral part of the social system, economic agents and economic problems, basic concepts such as commodities, income and resources, production and consumption, exchange and distribution. It also covers the price mechanism of firms, consumer behavior, and industries, production and cost functions and market structure.
The course is designed for senior students having gone through some basic course in economic theory and development economics. The students learn the Islamic injunctions ordained for economic behavior, both in the individual as well as collective capacity. It also covers, Islamic economic thought, Islamic framework, and Islamic economic system.
This course aims at helping students to understand the importance of effective interpersonal communication in initiating, developing and sustaining the various aspects of interpersonal relationship in personal and professional lives. It helps them to interact conveniently and freely with people of different strata of society.
It provides tools for understanding how and why our society functions; impact of social institutions on individual lives, and the challenges of social interaction between individuals in a society. A major objective of this course is to develop sociological imagination and enhance the understanding of the linkage between the individual and forces within the larger society.
The course is a prerequisite to Statistical Inference course. This course covers probability theory, measure of central tendency, dispersion variance, regression and correlation analysis, etc.
Module III
In this course, students study concepts of inflation and unemployment, macroeconomic variables and their mutual relationship. It also covers national income, components of aggregate demand, money and banking, public finance and taxation, international trade, etc.
The course is designed to enable the students to use mathematical skills to clarify their economic concepts and solve problems. This is because economic analysis requires extensive use of mathematics in the present day of world complexity. Mere logical reasoning and diagrammatic approach is perhaps not sufficient. As such, the students of economics have to learn and apply mathematics alongside their theoretical underpinnings. It also covers the nature of mathematical economics, equilibrium analysis, linear models and matrix algebra, differentiation, economic applications of differential calculus, linear programming
The course covers the economic functions and public goods, allocation of resources, redistribution of income and wealth and stabilization and pricing public goods. It also covers, public revenue and taxes, the theory of public goods, distributional equity in taxation, tax structure of Pakistan, fiscal policy and public expenditure and budget.
The course helps students to develop their business writing skills in letter writing, memo writing and to familiarize students with the purpose, format, classification, planning and organization of commercial correspondence.
The course presents hypothesis testing, analysis of variance, regression and correlation analysis, multiple regression, non parametric tests and statistical decision making. This course fulfills the pre-requisite requirement of Business Research Methods for undergraduates, and Advanced Business Research Methods for graduate students.
Module IV
The objective of the course is to clarify and extend further the microeconomic concepts and to develop analytical and problem-solving skills. In addition to diagrammatic approach, the students get accustomed to simple mathematics and numerical tools. It also covers theory of consumer behavior, demand and elasticity, production functions, cost of production, behavior of the firm, the perfectly competitive market, monopoly, monopolistic competition and oligopoly, pricing of the factors of production, etc.
Report writing is an essential part of communication in a business environment. The course is a blend of theory and practice. Various types of reports, their purpose, planning and writing are the key features of this course. The course is student-centered by nature as it provides ample opportunity to the students to compose reports on different topics in simulated business contexts.
The course equips the students with basic concepts of finance. All the business decisions are ultimately measured in financial terms; as such understanding of the core concepts of finance will provide a foundation for further study and knowledge and will help in future career opportunities. Additionally, some of the basic quantitative techniques and analytical tools learned in the process will help the students in taking financial decisions in an organizational framework.
The objectives of this course are to sharpen intellect of the students, develop their reasoning ability, strengthen their understanding, and promote clear thinking. The course also focuses on enabling students to distinguish sound reasoning from fallacious reasoning.
The course concentrates upon the impact of social, political and legal systems on business process with main thrust on the legal environment in business and topics such as company laws, consumer-environment relationship between businesses, government and society and more specifically on the changing environment of business.
Internship
Internship 6-8 Weeks
Start On 2019-01-21
Total Credit Hours 69 Credit Hours
Degree Associate Degree Program

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