(BS Economics) - Our primary objective is to establish a robust grounding in economic principles and analytical techniques through our Bachelor of Science in Economics program. This program is meticulously designed to instill in students a comprehensive understanding of economic theories, stimulating their analytical capacities, and encouraging the practical application of these economic concepts to real-world situations. By promoting critical thinking and interdisciplinary learning, we endeavor to cultivate economists who are holistically developed, capable of navigating and resolving intricate economic conundrums.

To cultivate a generation of economists equipped with a deep understanding of economic principles, analytical prowess, and the ability to contribute meaningfully to economic thought and policy.

Our mission is to provide students with a comprehensive education in economics, empowering them with the knowledge and skills to analyze economic phenomena, critically evaluate policies, and contribute to the socioeconomic development of society.

• Foster a solid foundation: Provide students with a robust understanding of economic theories, principles, and applications through a rigorous and engaging curriculum.
• Develop analytical skills: Equip students with analytical tools and techniques necessary for economic analysis, modeling, and decision-making.
• Enhance critical thinking: Foster critical thinking skills to evaluate economic issues, identify problems, and propose evidence-based solutions.
• Promote interdisciplinary learning: Encourage interdisciplinary collaboration and exploration of the connections between economics and other disciplines.
• Nurture communication and teamwork: Cultivate effective communication skills and the ability to work collaboratively in diverse teams.
• Instill ethical values: Promote ethical conduct and social responsibility in the application of economic principles and practices.
• Encourage lifelong learning: Foster a culture of intellectual curiosity, encouraging students to pursue lifelong learning and stay abreast of evolving economic landscapes and trends.

• Admission will be strictly on merit which shall be determined on the basis of overall marks and interview.
• The applicant (Male/Female) applying for admission to BA/BSc (Hons) 4-years programme must have passed his/her HSSC with at least 50% Marks.
• The candidates for admission to BA/BSc (Hons) will be interviewed on the dates notified, and the candidates who remain absent will have no claim to admission, irrespective of the marks they have obtained in the HSSC Examination equivalent.

Scheme of Study for BS Economics
An undergraduate degree program may be offered with a number of combinations such as; (I) a single major (II) a single major with one minor (III) a single major with two minors (IV) double majors without any minor (The Department is not offering this option currently)
Single Major	An undergraduate degree program with a single major is focused on one disciplinary specialization and comprises of a minimum of 120 credit hours other than requirements of field experience / internship and capstone project. The breakup of credit hours is as under: i. General education courses: 30 credit hours ii. Major: minimum 78 credit hours iii. Interdisciplinary / allied courses: minimum 12 credit hours
Single Major with One Minor	An undergraduate degree program with a single major and one minor is focused on one disciplinary specialization and one secondary but supporting concentration and comprises of a minimum of 132 credit hours other than the mandatory requirements of field experience / internship and capstone project. The breakup of credit hours is as under: i. General education courses: 30 credit hours ii. Major: minimum 78 credit hours iii. Interdisciplinary / allied courses: minimum 12 credit hours iv. Minor: minimum 12 credit hours
Single Major with Two Minors	An undergraduate degree program with a single major and two minors is focused on one disciplinary specialization and two secondary but supporting concentrations and comprises of a minimum of 144 credit hours other than the mandatory requirements of field experience / internship and capstone project. The breakup of credit hours is as under: i. General Education: 30 credit hours ii. Major: minimum 78 credit hours iii. Interdisciplinary / allied courses: minimum 12 credit hours iv. Minor 1: minimum 12 credit hours v. Minor 2: minimum 12 credit hours
Double Majors	An undergraduate degree program with double majors without any minor is focused on two related or unrelated disciplinary specializations and comprises of a minimum of 198 credit hours other than the mandatory requirements of field experience / internship and capstone project. The breakup of credit hours is as under: i. General Education: 30 credit hours ii. Major 1: minimum 78 credit hours iii Major 2: minimum 78 credit hours
	iv. Interdisciplinary / allied courses: minimum 12 credit hours
Scheme of Study with Single Major in the Department
A: General Education Courses All undergraduate degree programs comprises a mandatory set of 30 credit hours for general education courses as prescribed in this policy which will be covered in the first four semesters of the degree program.
Course Code		Number of Courses	Credit Hours
Arts & Humanities		01	02
Natural Sciences		01	02+1
Social Sciences		01	02
Functional English		01	03
Quantitative Reasoning		02	03
Islamic Studies / Religious Education		01	06
Pakistan Studies		01	02
Applications of ICT		01	02+1
Public Policy		01	02
Civics and Community Engagement		01	02
B: Distribution/Interdisciplinary Courses All the undergraduate degree programs comprise a mandatory set of minimum 12 credit hours for interdisciplinary / allied courses. This is valid for all undergraduate degree programs except for Associate degrees, where the credit hours of interdisciplinary / allied courses may be less or more than 12 credits. Interdisciplinary/distribution courses are those offered in allied or complementary disciplines to reinforce the notion of interdisciplinary competency and to support horizon of the major. These distribution courses are other than the major and Gen Ed. In the case of Public policy, students may take up any course from Economics, Management Sciences, Commerce.
C: Internship and Capstone Project Students are required to do internships to gain the practical experience of the field. In this regard Department provides required directions to its students by highlighting those organizations where they can enter to learn by their own experiences. Government Institutes, NGOs, Industrial zones, Chambers of Commerce, Industry, and SMEDA etc. are the few of the relevant places where these students will be guided to penetrate and learn the skills to have their own startups business models. This experience will help the students to explore the world beyond the classroom learning and polish their professional skills and develop networking which would assist them in their future. This discipline demands such kind of field experience for developing business strategies and breakthrough of ideas for their successful entry into practical world. The capstone project is an essential part of the education of Public policy. In this project, students can choose a topic related to their field of study and use their research and analytical skills to propose solutions to the issues they identify. By doing so, they can demonstrate their proficiency in critical thinking, problem-solving, and communication.
The capstone project also allows students to showcase their creativity and ability to work independently, providing an excellent opportunity for them to prepare for their future careers.
D: Major Courses These courses are specific to the main field in which the degree program is offered. The requirement to satisfy a single major is minimum of 78 credit hours for the undergraduate degree program. Below is given the detail about distribution of courses.

Core Courses
Course Code	Course Title		Credit Hours
ECON-1102	Principles of Economics		3
ECON-1202	Principles of Microeconomics		3
ECON-2102	Principles of Macroeconomics		3
ECON-2204	Introduction to Statistical Methods in Economics		3
ECON-2205	Introduction to Mathematical Methods in Economics		3
ECON-3103	Intermediate Microeconomics		3
ECON-3104	Intermediate Macroeconomics		3
ECON-3106	Introduction to Econometrics		3
ECON-4109	Research Methodology		3
Elective Courses
ECON-3101	Islamic Economics		3
ECON-3105	Advanced Mathematical Economics		3
ECON-3201	International Economics		3
ECON-3202	Development Economics		3
ECON-3203	Applied Econometrics		3
ECON-3203 P	Applied Econometrics		1
ECON-3204	Leading Issues in Pakistan's Economy		3
ECON-3205	Money, Banking and Monitory Policy		3
ECON-4101	Strategies for Economic Development		3
ECON-4102	Human Resource Economics		3
ECON-4201	Project Appraisal and Economic Planning		3
ECON-4202	Public Finance and Policy Economics		3
ECON-4103	Growth Economics		3
ECON-4104	History of Economic Thought		3
ECON-4105	Managerial Economics		3
ECON-4106	WTO, SAARC & The Global Economy		3
ECON-4107	International Political Economy		3
ECON-4108	Trade and Development		3
ECON-4203	Environmental Economics		3
ECON-4204	Agricultural Economics		3
ECON-4205	Urban Economics		3
ECON-4206	Game Theory		3
ECON-4207	Industrial Economics and Organization		3
ECON-4208	Entrepreneurship & Small Business Management		3
ECON 4211	Principles of Experimental and Behavioral Economics		3
ECON 4110	Economics of terrorism		3
ECON 4212	Gender and Economic Development in the Third World		3
ECON 4213	Transport Economics		3
ECON 3206	Health Economics		3
ECON 4214	Economics of Happiness and Subjective Wellbeing		3
ECON-4111	Introduction to R		3
ECON-4112	Big Data Analysis		3

(MPhil Economics) - Our goal in the Master of Philosophy (MPhil) in Economics program is to cultivate sophisticated research and analytical skills in the sphere of economics. We pivot our emphasis to foster these advanced capabilities in our students, providing them with rigorous training in research methodologies, data analysis, and econometric techniques. Ultimately, our mission is to shape scholars capable of pioneering contributions to the progression of economic knowledge, driven by independent inquiry and a deep specialization in their chosen fields.

To produce research scholars with advanced knowledge and expertise in economic analysis, capable of conducting independent research to address key economic challenges.

Our mission is to develop MPhil Economics students into research-oriented scholars, equipped with comprehensive theoretical knowledge, quantitative research skills, and the ability to contribute to the advancement of economic knowledge.

• Develop advanced research capabilities: Provide students with rigorous training in research methodologies, data analysis, and econometric techniques.
• Promote specialized knowledge: Enable students to specialize in specific areas of economics, allowing for in-depth exploration and research within their chosen fields.
• Encourage independent inquiry: Foster a culture of independent thinking, encouraging students to formulate research questions, design studies, and conduct original research.
• Enhance academic writing and presentation skills: Cultivate effective academic writing and presentation skills to communicate research findings and contribute to academic discourse.
• Facilitate interdisciplinary engagement: Encourage interdisciplinary collaboration and the exploration of connections between economics and other relevant disciplines.
• Foster critical analysis: Develop critical analysis skills to evaluate existing economic theories, methodologies, and policies.

• Only those students will be eligible for applying in this program who have completed their BS in Economics, M.A/M.Sc degree with Economics as major.
• Minimum 16 years of education will be required with at least 2.50 CGPA or 60% marks for admission in M.Phil Programme.
• Only those candidates are eligible to apply for admission who have passed GAT (General) Test with at least 50% valid score.
• Applicant will be selected on the basis of their performance in the admission test, interview and academic record.

Year – 1
Semester– I
Course Code	Course Title	Credit Hours
ECON-7101	Advanced Micro Economics	3
ECON-7102	Advanced Macro Economics	3
ECON-7103	Applied Econometrics	3
ECON-7104	Human Resource Economics	3
Semester– II
ECON-7201	Project Analysis	3
ECON-7202	Public Policy and Macroeconomic Management	3
ECON-7203	International Economics & Finance	3
ECON-7204	Poverty and Income Distribution	3
ECON-7205	Production Economics	3
ECON-7206	Panel Data Econometrics	3
ECON-7207	Applied Course Benefit Analysis	3
ECON-7208	Trade and Development	3
ECON-7209	Monitory Theory and Policy	3
ECON-7210	Environmental and Natural Resource Economics	3
ECON-7211	Advance Time Series Analysis	3
ECON-7212	Advanced Development Economics	3
ECON-7213	Strategies for Poverty Alleviation in South Asia	3
ECON-7214	Industry, Growth and Development	3
ECON-7215	Advanced Institutional Economics	3

Year – 2
Semester– III & IV
Course Code	Course Title	Credit Hours
ECON-7499	Thesis	12

(PhD Economics) – Our mission is to cultivate economists of exceptional caliber who are capable of spearheading independent research. The Doctor of Philosophy (PhD) in Economics program is dedicated to fostering a cadre of distinguished economists and thought leaders. Our focus is on nurturing sophisticated research skills, profound theoretical understanding, and the ability to collaborate across disciplines among our doctoral candidates. By facilitating active engagement with policymakers, industry professionals, and the academic community, we equip our PhD students with the necessary tools to make substantial contributions to the realm of economic research, policy formulation, and knowledge dissemination.

To produce highly qualified economists and thought leaders who make significant contributions to economic research, policy formulation, and the academic community.

Our mission is to provide a rigorous and intellectually stimulating environment for doctoral students, enabling them to conduct advanced research, contribute to economic thought, and engage in evidence-based policymaking.

• Cultivate advanced research expertise: Provide students with specialized training in advanced research methodologies and econometric techniques to conduct rigorous and innovative research.
• Develop theoretical depth: Encourage students to contribute to the development of economic theories and frameworks through original and impactful research.
• Foster interdisciplinary collaboration: Facilitate interdisciplinary engagement, encouraging students to explore connections between economics and related fields to address complex societal challenges.
• Promote publication and dissemination: Support students in publishing their research findings in top-tier academic journals and disseminating knowledge through conferences and seminars.
• Nurture teaching and mentorship skills: Prepare students for academic careers by providing opportunities for teaching experience and mentorship of younger scholars.
• Engage with policymakers and industry: Encourage students to engage with policymakers, industry professionals, and relevant stakeholders to influence policy decisions and contribute to practical economic solutions.
• Contribute to the academic community: Foster a culture of intellectual exchange, encouraging students to actively participate in academic conferences, workshops, and seminars.

• A candidate holding MS/MPhil/Equivalent Degree in Economics with minimum 30 credit hour (24 credit hours of course work and 06 credit hour of research work/Thesis) form any HEC recognized University with minimum 3.00/4.00 CGPA (In semester system) or 60% marks (in Annual Programme).
• All candidates must have qualified GAT Subject test with valid result of minimum 60 marks conducted by NTS.
• Interested candidate are advised to contact the supervisor of the Department concerned and seek his/her consent.
• Admission form can be downloaded from the GCU website www.gcu.edu.pk
• Duly filled in application form with relevant documents, research proposal and a bank draft in favor of Treasurer, GCU Lahore must be attached and submitted in the Registrar Office during office hours.

Year – 1
Semester– I
Course Code	Course Title	Credit Hours
ECON-8101	Selected Topics in Economic Theory	3
ECON-8102	Applied Macro Economics and Monetary Theory	3
ECON-8103	Critical Issues in Development Economics	3
ECON-8104	Open Economy Macroeconomics	3
ECON-8105	International Trade - I	3
Semester– II
ECON-8201	Selected Topics in Econometric Theory	3
ECON-8202	International Economic Policy & Globalization	3
ECON-8203	Seminar in Economics	3
ECON-8204	Time Series Econometrics	3
ECON-8205	Research Methods for PhD	3
ECON-8206	Dynamic Macroeconomic Theory	3