Economics

INTRODUCTION

The Department of Economics at GC University is providing quality education at the undergraduate, postgraduate level and professional disciplines related to Entrepreneurship and SME management. It is committed to achieving academic excellence by producing quality graduates and research in the field of economics and entrepreneurship.

The Department of Economics has a long distinguished history of widening the horizons of its students and helping them to gain knowledge required for competing internationally. The graduates of the department have achieved preeminence in various spheres of life. They are working at various national and international organizations, financial institutions, non profit sector besides serving on the boards of various banks and multinational organizations.

Apart from imparting quality education, we focus on character-building, grooming and personal development of our students through active participation in co curricular activities organized by various Societies. These activities include seminars, workshops, debates, quizzes and dialogues on current and emerging economic and financial issues which make life at GCU fruitful, productive enjoyable.

Since its establishment, the Department of Economics has been one of the leading Departments of GC University Lahore. The Department has been chaired by eminent academic luminaries like:

Prof. U. Kramat,
Prof. M. Rashid,
Prof. Ishfaq Ali Khan
Prof. Fiza-ur-Rehman,
Prof. Shams-ut-Tauheed,
Prof. A. S. Khalid,
Prof. Hamid Yamin Dar,
Prof. Khalid Aftab,
Prof. Shoaib Hashmi and
Prof. Muhammad Aslam

FACILITIES

The department is equipped with the latest instructional aids and technology in class lecture, seminar rooms and computer lab which provides online access to journals through GC University library for undergraduate and postgraduate students.

Research

Some of the successful research projects of the department are:

  • Overcoming barriers to environmental improvement: Policy options for Pakistan’s leatherworking industry
  • Why women entrepreneurs in Pakistan are unable to progress despite taking microfinance loans?
  • World Bank Funded Project (Pak-India Trade Study)
  • GCU- State Bank of Pakistan Project (DFSU)
  • Talented Researcher Exchange Programme Award
  • GCU-Cranfield University JHELP -I
  • GCU-Strathclyde University JHELP – II
  • GCU-Strathclyde University Collaborative Project (DFID)
  • Transforming Academic Knowledge to develop Entrepreneurial Universities in Pakistan/ TAKE-UP
  • PAK UK Education Gateway Project 2019
  • Impact Case Study: Promoting Environmentally Sustainable Enterprise
  • Fan Industry of Pakistan: Growth Dynamics of Small, Medium and Large Enterprises
  • Development of Women Entrepreneurship
  • An Economic analysis of Micro and Small Scale Shoemaking Units of Lahore
  • Pak-India Trade Study. A case study of Fans and Bicycles Industries
  • Development of Curriculum on Entrepreneurship and SME Management

Research Groups

The department has set up research groups in the following areas:

  1. Banking and Financial Economics
  2. Entrepreneurship and SME Management
  3. International Trade, WTO and Finance
  4. Quantitative Economics
  5. Urban Economics and Development
  6. Economic Growth, Poverty, Inequality and Social Sector Development.
  7. Macroeconomic Issues and Public Economics

Over the last four years, more than 40 papers have been published in these areas in different national and international journals.

Research Journal

The department publishes its refereed research journal “GCU Economics Journal” under the ISSN 02422815 which is subscribed by the International Monetary Fund (IMF), The World Bank (WB) and other international institutions. It is also subscribed by the leading universities of UK and USA.

Academic Links

The department takes pride in its endeavors for developing higher education link programs with national and international organizations. It has completed two research links with the Strathclyde University and University of Cranfield, UK. The third research link on Development of Skills in SMEs has been completed with the launch of a report on the fan industry of Pakistan. An MoU with SMEDA has been signed in order to encourage research on entrepreneurship and SMEs in Pakistan. Similarly recently GCU signed an MoU with the top think tank in economic policy SDPI and department of economics played a vital role in this context and was decided to act as the focal department.

Career Scope/ Opportunities

Graduates of the department are likely to start their careers in different economic institutions and professional places of Management, Consultancy, Corporate Sector, Public policy institutions, Universities, NGOs and International Organizations etc.

Journals & Publications

  • The Department has published papers and proceedings of the conference “Financing Higher Education in Pakistan”, held in November 10, 2007.
  • The Department has also published its refereed Research Journal “GCU Economic Journal” under the ISSN 0242­2815 which is subscribed by IMF, The World Bank and other research institutions. It is also sent to the leading universities in UK and USA on reciprocal basis.

The department offers the following undergraduate and postgraduate programmes.

  • BSc (Hons)
  • MPhil Economic
  • MS in Entrepreneurship and SME Management
  • PhD Economics

The Department of Economics has been very dynamic and versatile in its initiatives and programs since its inception. Maintaining and ensuring quality in the academic programs is an ongoing exercise which is constantly refined through expert opinion of the Board of Studies, foreign faculty and faculty members of the department. At present all academic programs have research as an integral component and the department plans to strengthen its research linkages in order to encourage and promote research on economic issues of national and international significance. Recently the Departmental Board of Studies has approved three new Programs both at undergraduate and post-graduate level which are expected to commence from the very next academic year. These are:

  1. BS Economics and Finance
  2. M. Phil Public Policy
  3. Executive Certificate Course

Moreover the Department also takes the responsibility to either refreshing its already existing courses or adding new ones as per the requirement of present times. In this regard, two new courses have been added in the stream of Post graduate level program for the upcoming session with titles:

  1. Research Methodology in Economics
  2. Seminar on Social Welfare Policies in Response to Population Ageing

The Department also plans to arrange a national level conference on the leading issues of Economics in order highlight the contributions made by researchers across the country on yearly basis.

Soon the Department aims to launch its newly approved programs from the beginning of new academic session.
These will be:

  1. BS Economics and Finance
  2. M. Phil Public Policy
  3. Executive Certificate Course

The details about the scheme of study and course descriptions of these new programs will also be shared on our webpage.

For any further assistance, contact on this email:
 chairperson.eco@gcu.edu.pk

Programs

  • BSc (Hons) Economics
  • MS in Entrepreneurship and SME Management
  • MPhil Economics
  • PhD Economics

Eligibility Criteria
• 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.

For the Academic Session starting from 2017, The Department of Economics has introduced a new scheme of study to create more flexibility in the current structure of the program. According to this, courses are divided in to two broad categories i.e. Core/Required courses and Elective courses. Core/Required courses are displayed semester wise while a wide range of Elective courses is also provided. Students must take a minimum of 15 and maximum of 18 credit hours during Semester V to Semester VIII from the list of courses offered by the Department. Moreover Students from previous sessions for whom the list of required courses is more extensive (see GCU Prospectus 2016), may also opt to substitute some of their core/required courses for Elective Courses with the permission of the In charge / Chairperson. Note: The substitution for the previous batches is restricted to courses that are offered in their 5th semester onwards but no substitution is allowed for Econ-3102, Econ-3102P, Econ-3103 and Econ-3104.

Year – 1
Semester– I

Course Code

Course Title

Credit Hours

ECON-1102 Principles of Economics

3

Semester– II
ECON-1202 Principles of Microeconomics

3

Year – 2
Semester– III

Course Code

Course Title

Credit Hours

ECON-2102 Principles of Macroeconomics

3

Semester– IV
ECON-2204 Introduction to Statistical Methods in Economics

3

ECON-2205 Introduction to Mathematical Methods in Economics

3

Year – 3
Semester– V

Course Code

Course Title

Credit Hours

ECON-3103 Intermediate Microeconomics

4

ECON-3104 Intermediate Microeconomics

4

ECON-3106 Introduction to Econometrics

3

ECON-3106P Lab/ Practice – Introduction to Econometrics

1

Elective

3

* The students while choosing their Elective course in semester V must ensure that Econ-3103, Econ-3104, Econ-3106, and Econ-3106P are not prerequisites for the elective.
Semester VI
Semester VI Student will study a minimum of 5 and a maximum of six electives from the offered list of electives, each of 3-credits. The number of electives offered will depend upon the availability of faculty but there will be no less than six electives offered in semester VI.
Year 4
Semester VII
Students will study a minimum of 5 and a maximum of six electives from the offered list of electives, each of 3-credits. The number of electives offered will depend upon the availability of faculty but there will no less than six electives offered in semester VI.
Semester VIII 
Students will study a minimum of 3 and a maximum of 4 elective courses. In addition they must do a research project of 6 credit-hours or do an internship project in lieu of the research project.

Elective Subjects

Course Code

Course Title

Credit Hours

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-3203P 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-4209 Research Methodology

3

ECON-4210 Impact Evaluation Methods

3

Introduction
This program is furnished to provide a solid background in theory, quantitative methods, and applications which are considered necessary to train future economists focusing on policy planning, analysis, and forecasting of public and private sectors. The curriculum of this program is also developed in line international standards. Moreover this program also aims to teach and conduct quality research in the fields of their interest, and will be prepared for careers in universities, research organizations, business enterprises, government organizations, and multinational companies. We hope the students will find the program to be intellectually challenging and personally rewarding.
Eligibility Criteria
• 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

MS Entrepreneurship and SME Management
Introduction
The programme is aimed at entrepreneurial development and management in order to enable the would be entrepreneurs to start successful business ventures. The programme will focus on cutting edge issues of business environment and development plan, highlighting the key elements of business creation, entrepreneurship development, marketing, organizational behavior and financial planning and development.

Eligibility Criteria
• Minimum 16 years of education will be required with at least 2.50 CGPA or 60% marks for admission in MS Programme.
• Only those candidates are eligible to apply for admission who have passed GAT (General) Test with at least 50% valid score.
• All candidates will be eligible to apply for admission in MS Entrepreneurship & SME Management who have completed MSc or BA/BSc (Hons) in any discipline.

Year – 1

Semester– I

Course Code

Course Title

Credit Hours

ESME-7205

Entrepreneurial Behavior and Business

3

ESME-7109

Creation Exercise SME

3

ESME-7110

Management Leadership Seminars

2

ESME-7111

Entrepreneurial Marketing

2

Semester – II

ESME-7104

Legal Aspects of SMEs

3

ESME-7107

Business Strategy and Competitiveness

3

ESME-7206

Financial and Feasibility

2

ESME-7207

Analysis for Entrepreneurs Quality Management

2

Year – 2

Semester – III

Combination I: Entrepreneurship Track

ESME-7301

Strategic Management for Entrepreneurs

2

ESME-7302

Sector Analysis

2

Combination II: Research Track

ESME-7303

Applied Research

2

ESME-7304

Methods Statistics for Business Research

2

Semester– III  & IV

ESME-7499

Thesis

12

Introduction
The PhD (Economics) Programme is being offered to male and female candidates:

Eligibility Criteria
• 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

FACULTY

Prof. Dr. Babar Aziz
PhD, MPhil (QAU)

Designation:
Chairperson/Professor

Dr. Saima Sarwar
PhD, MPhil (GCUL)

Designation:
Associate Professor/Coordinator PhD Program

Dr. Bilal Mehmood
PhD, MPhil (GCUL)

Designation:
Associate Professor

Uzair Ahson
PhD, MPhil (GCUL)

Designation:
Assistant Professor/Coordinator MS ESME Program

Dr. Asif Saeed
PhD, MPhil (QAU)

Designation:
Assistant Professor

Dr. Aqueel Imtiaz Wahga
PhD (UK), MS ESME (GCUL)

Designation:
Assistant Professor

Dr. Zainab Ijaz
PhD, MPhil (GCUL)

Designation:
Assistant Professor

Dr. Jamshaid-ur-Rehman
Ph. D (GCUL), M.Phil (KU, MAP)

Designation:
Assistant Professor

Alvina Sabah Idrees
Ph. D Scholar in Economics,
M. Phil (GCUL)

Designation:
Lecturer/B.Sc (Hons.) Program Coordinator

Taj Muhammad, (on study leave)

PhD Scholar, MPhil (GCUL)

Designation:
Lecturer

Raees Aslam
(On Study Leave)
Ph. D Scholar in Economics,
M. Phil (GCUL)

Designation:
Lecturer

Qasim Jalil Ahmad
(On Study Leave)
MA Economics (LUMS)

Designation:
Lecturer

Imtiaz Ahmad
Ph.D Scholar in Economics,
M.Phil (GCUL)

Designation:
Lecturer/M.Phil Program Coordinator

Adnan Habib
Ph. D Scholar, M. Phil (GCUL)

Designation:
Lecturer

Muhammad Gulzaib Ch

Designation:
Lecturer/Intermediate Coordinator

Ms. Madiha Agha

Designation:
Lecturer

Yahya Yousaf
MPhil (GCUL)

Designation:
Research Assistant

Farrah Naz
M. Phil (UoS)

Designation:
Research Assistant

Dr. Anjum Nasim
(Professor at Mahboob ul Haq Chair)

Designation:

Dr. Tasneem Zafar (NSPP)

Designation:

Professor Dr. Shabib Haider Syed

Designation:

Professor Dr. Faisal Bari

Designation:

Dr. Sheikh Usman Yousaf

Designation:

Featured Publications

  • Impact of Urbanization, Economic Growth and Population Size on Residential Carbon Emissions in the SAARC Countries. Clean Technologies and Environmental Policy; can be accessed through https://link.springer.com/article/10.1007%2Fs10098-020-01833-y.
  • Carbon Emissions across the Spectrum of Renewable and Nonrenewable Energy Use in Developing Economies of Asia. Renewable Energy, 143, pages 586-595.
  • A Multidimensional Measure of Quality of Life. Social Indicator Research, 142(1), pages 201-227.
  • An Empirical Evaluation of Financial Development-Carbon Footprint Nexus on One Belt and Road Region. Environmental Science and Pollution Research (ESPR), 26(291), pages 1-11.

Contact Us
Professor Dr. Babar Aziz
Chairperson
Department of Economics
GC University, Lahore
UAN: +92 (42) 111-000-010 Ext: 277
Email: chairperson.eco@gcu.edu.pk