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Master of Science – (Economics)


Course Overview

Total No of Courses are 30, Credit Hours 90 and Total duration is Three years. This program is best for those dynamic individuals who have the vision and drive to build a successful and rewarding career. This all-encompassing program enables students to achieve mastery in business administration and prepares them to creatively manage the problem-solving process. It is designed for imparting knowledge and teaching the latest skills in fundamental disciplines and organizational activities in a dynamic business environment that will be applicable not only today but also in the future.

Course summary

  • You how all this mistaken idea of denouncing.
  • Actual teachings of the great explorer of the truth.
  • Nor again is there anyone who loves or pursues or desires to obtain pain of itself.
  • Right to find fault with a man who chooses to enjoy a pleasure.
  • You how all this mistaken idea of denouncing.


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 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 in business studies.

Module I
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.
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.
Module II
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.

Business Communication impacts all aspects of our life. This introductory course enables students to communicate in an effective manner on both personal and professional levels. Competency is developed in oral and written communication. Listening practice is also incorporated throughout the semester.
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.
Module III
The course is designed for senior graduates. The objective is to expose them to advanced theoretical concepts and rigorous analysis with mathematical expertise. They have to develop the analytical skills and to enhance the capabilities to solve somewhat complicated problems. The course covers theory of consumer behavior, demand and elasticity, production functions, cost of production, behavior of the firm, the perfectly competitive market, monopoly and monophony, monopolistic competition and oligopoly and pricing of the factors of production.
The course is designed for senior graduate students. The objective is to enhance, their analytical skills and to clarify further their macroeconomic concepts with quantitative tools at hand. They must have a strong theoretical foundation so as to understand the real problem of economy with particular emphasis on inflation, unemployment, instability, deficit and debt, etc., which confront the developing countries. The course also covers measurement of national income, theories of consumption, saving and investment, demand for and supply of money, determination of national income, aggregate supply and labour market, inflation and un-employment, open economy, macro economics policy debate, growth and business cycles.
It is a prerequisite course to Business Communication. Its main objective is to give students a preview of business communication formats. Students are able to understand and apply business writing conventions in terms of format and use of language peculiar to business environment.
It covers parametric and non-parametric tests like hypothesis testing, analysis of variance, regression and correlation analysis, multiple regression and statistical decision-making. Linear Algebra covers Matrices, Linear Equating & Determinant Theory.
Module IV
The purpose of this course is to provide the fundamentals associated with the management of information technology in a business enterprise. These fundamentals are business concepts in which the influence of information technology has caused change or brought new concepts. Emphasis is placed on understanding the managerial issues that are relevant to the usage of computers.
Importance of economic history to study the subject cannot be understood without taking overview of ancient Greek, Roman and medieval economic thoughts including Quesnay’s influential ideas, feudalism, mercantilism, natures’ circular flow, and thereafter. It also covers classical school, socialism, Keynesian and post-Keynesian School.
This course explores economic development – and growth, identification of development, scope and significance of development economics. It takes historical overview of world development and emerging major issues pertaining to less developed countries (LDCs); it also covers the major theories of development, agriculture and industry, population, education and human capital.
The course is designed to enable the students derive relationship between economic variables from the available data. The students should be in a position to apply statistical methods to data via simple mathematical models and to interpret the results by using economic theory. The students are encouraged to learn the use of simple computer programs and econometric packages in handling data and to understand the print outs.
Module V
In this course students study the changing world and interdependence: basis of trade, gains from trade, absolute advantage, comparative advantage, overview of comparative advantage and pattern of trade. It also covers offer curves and free trade equilibrium, disagreements on free trade and overview of emergence of international trade issues.
The course includes study of the eras of 1950’s, 1960’s, 1970’s, 1980’s, 1990’s and 2000’s. It covers structural changes and sources of growth, emergence of economic issues, human resource development, unemployment, poverty, income distribution, debt, deficit, development planning and resource mobilization, agriculture and industrial development, inflation and foreign trade deficit.
This is an advanced course of econometrics theory. The course will introduce students to the statistical programming environment and computationally intensive statistical methods used in business and academia. The students are also taught computer package such as SPSS & EVLEWS, etc.
The course covers identification of issues, data theory, estimation and related problems, research designs, the process of field research, exploratory research, causal inference, methods of communication in survey, preparation of research proposal, questionnaire, sample design, measurement scales, the development of measurement tools, response methods, data collection methods, survey, interviewing and observations.
Module VI
It comprises 06 credit hours, and aims at giving awareness of research to the students in different areas of economics.
It covers power point and MS access (XP), SPSS and e-VIEW, estimation of production function, computer applications, demand and supply equilibrium, model building and estimation, and project appraisal and computer application.
This course discusses the impact of monetary policy on individual behavior and the macro economy; it includes evolution of money payment system, demand & supply of money, the role of money in the economy. It also covers the conduct of monetary policy such as central bank, money & interest rates, money and inflation, and monetary policy in international framework.
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.
Module VII
It comprises 06 credit hours, and aims at giving awareness of research to the students in different areas of economics.
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.
Internship 6 – 8 Weeks
Start On 2019-01-21
Duration 3 Years
Level Master
Total Credit Hours CREDIT HOURS
Degree Graduate Degree

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