BS Economics Complete Guide 2024

The bachelors in economics degree program focuses on perceptible skills required to solve social issues and public policy considerations. Students will get both theoretical and empirical skills to analyze and understand these problems.

In Economics students will learn about supply and demand, perfect and imperfect competition, taxation, monetary policy, exchange rates, interest rates, unemployment, international trade, price controls and inflation amongst various other topics to understand markets, economy and government policies.

BA Economics VS BS Economics

The difference between a BA and a BS in economics is that a BS concentrates on practical knowledge while a BA concentrates on theoretical knowledge.

There are Following Benefits of Studying Economics and Finance
  • Career opportunities

  • Large range of skills

  • International perspective

  • Transferable skills

  • High salaries

Majors Or Specializations Of BS Economics

There are following economic courses at postgraduate level offer specializations in:

  • Business Economics

  • International Economics

  • Monetary Economics

  • Urban and Economic Affairs

  • Quantitative Economics

Specialties of Economics
  • Quantitative Economics

  • Quantitative Economics

  • Quantitative Economics

Economics degree program covers many fields including:

  • Macroeconomics

  • International Trade and Finance

  • Economic History

  • Industrial Organization

  • Health Economics

  • Development Economics

Major subject areas in BS economics program:
  • Econometrics

  • International Economics

  • Development Economics

  • Health Economics

  • Macroeconomics

  • Labour Economics

  • Financial Economics

  • Public and Institutional Economics

  • Introduction to Finance

  • Financial Accounting

  • Fundamentals of Management

  • Financial Management

  • Business Analysis

  • Project Planning and Appraisal

  • Human Resource Management

  • Investment Analysis

  • Statistics

  • Mathematics

  • Business Studies

  • Finance And Accounting

Duration And Credit Hours Of BS Economics

Bachelor of Science in economics is a 4-year degree program consists of total 8 semesters. To be eligible for the completion of BS economics degree program, the students are required to complete all course work including core and elective courses with at least 136 credit hours with a minimum CGPA of 2.0 out of 4.0.

Semester wise credit hours distribution
Semesters Credit hours
1st semester 17
2nd semester 17
3rd semester 18
4th semester 18
5th semester 18
6th semester 18
7th semester 15
8th semester 15
Total 136

Scope And Career Of BS Economics

Bachelors in economics helps graduates prepare for entry-level positions in public or private sector international firms, research, corporations, banks and educational institutes. The study of economics covers the behaviors and relationships of economic agents and the operating of markets.

Degree in economics has a wide scope in Pakistan and offers a wide range of career opportunities in both the public and private sectors. With an economics degree, graduates can pursue opportunities in finance, academia, consulting, public policy and other fields such as:

  • Financial Adviser

  • Investment Analyst

  • Economist

  • Financial Trader

  • Senior Financial Risk Specialists

  • Financial Analyst

  • Financial Consultants

  • Financial Planning

  • Funds Management

  • Investment Bankers

  • Market Analyst

  • Auditor

  • Stockbroker

  • Insurer

  • Business Manager

  • Retail Merchandiser

  • Pricing Analyst

  • Statistician

  • Financial Consultant

  • Salesperson

  • Investment Analyst

  • Economist

  • Financial Trader

  • Financial Manager

  • Banker

  • Budget Analyst

  • Insurance Underwriter

  • Corporate Lawyer

  • Product Manager

  • Compensation Manager

  • Actuary

  • Senior Market Analyst

  • Quantitative Analyst

  • Auditor

  • Stockbroker

  • Insurer

  • Business Manager

  • Pricing Analyst

  • Credit Analyst

  • Personal Finance Advisor

  • Policy Analyst

Graduates with economics degrees can find well-paying professions in various industries of Pakistan. Having an economics degree opens a wide range of career prospects on national and international level also.

Salaries of Economists

Economists with less than 1 year experience can expect to earn an average salary of Rs 50k to 60k per month. Economists with 1-4 years of experience earns an average total salary of Rs 100,000 to 150,000 per month.

Skills And Learning Outcomes Of BS Economics

  • Critical Thinking

  • Problem Solving

  • Leadership

  • Attention to detail

  • Trustworthiness

  • Emotional Intelligence

  • Reasoning

  • Problem-solving skills

  • Leadership and social influence

  • A good knowledge of mathematics, economics, finance and accounting

  • Analytical, logical thinking skills

  • Professionalism/work ethic

  • Teamwork/ Collaboration

  • Adaptability/flexibility

  • Excellent verbal communication skills

    Learning Outcomes Of BS economics
  • They have an ability to use economic theory to make predictions and develop premises.

  • They have an ability to identify data to reliably answer questions.

  • They also have an ability to coordinate findings to a wide audience.

  • Explain the concern of the market and prices to allocate mechanisms.

  • They will be able to apply the theory of equilibrium to both macroeconomics and microeconomics.

  • Graduates will be able to develop the ability to identify core economic terms, concepts and theories.

  • Identify key macroeconomic standards and measures of economics change, extension and development.

  • Understand the basic economic concepts that help graduates to understand economic literature.

  • They will be able to improve their knowledge about economic principles such as supply, demand, economic sustainability, production, costs, benefits, scarcity and efficiency.

Syllabus And Courses Of BS Economics

The syllabus is structured around the core and optional subjects and topics such as:

  • Microeconomic Theory

  • Macroeconomic Theory

  • Econometrics

  • Public Finance

  • Microeconomic

  • Labor Economics

  • Financial Development

  • Industrial Health

  • International Sustainable Economic Development

  • Agricultural Economics

1st semester

Courses Credit hours
Introduction To It 1
Mathematics 3
Pakistan Studies 2
Communication and Interpersonal Skills 3
Economics - I 3
Introduction To Mass Communication 3

2nd semester

Islamic Studies 2
Intro To Public Administration 3
Introduction To Statistics 3
Introduction to Psychology 3
Professional Ethics 3
Economics -II 3

3rd semester

Mathematics-II 3
Intermediate Microeconomics 3
Financial Accounting 3
English Literature 3
Elective-I (Resource Economics) 3
International Relations 3

4th semester

Development Economics 3
Probability Theory 3
Elective-II (Agriculture Economics and Food Policy) 3
Intermediate Macroeconomics 3
Technical Writing 3

5th semester

Elective-V (Monetary Economics) 4
Introduction to Econometrics 3
Microeconomic Theory 3
Elective-III (Labor Economics) 3
Elective-IV (Public Finance) 3
Entrepreneurship 3

6th semester

Applied Econometrics 3
Macroeconomic Theory 3
Environmental Economics 3
Economy of Pakistan 3
Elective-VIII (Comparative Economic System) 3
Elective-VI (International Trade) 3

7th semester

Elective-IX (Game Theory) 3
Urban Economics 3
Research Methodology 3
Elective-XII (International Finance) 3
History Of Economic Thought 3

8th semester

Poverty And Income Distribution 3
Research Project 6
General Equilibrium And Welfare Economics 3
Applied Economics 3

Elective Courses

Elective-I (Resource Economics) 3
Elective-II (Agriculture Economics and Food Policy) 6
Elective-III (Labor Economics) 3
Monetary Economics 3
Environmental Economics 3
International Trade 3
Comparative Economic System 3
Monetary Policy 3
Poverty And Income Distribution 3
General Equilibrium And Welfare Economics 3
Unions and Labor Laws 3
Budgeting And Financial Planning 3
Demographic Studies 3
Human Resource Development 3
Trade Policy 3
Economics Of Public Policy 3
International Finance 3
Industrial Economics 3
Islamic Economics 3
Public Finance 3
Economics Of Regulation and Competition Policy 3
Development Experience of China 3
Financial Economics 3
History Of Economic Thought 3
Behavioral and Experimental Economics 3
International Peace and Security (IPS) 3
Introduction to Computing for Economics 3
Economics of Local and Regional Development 3
Fiscal Policy 3
Introduction to Time Series Analysis 3

Related Courses Of BS Economics

  • BS Accounting and Finance

  • BS Mathematics

  • BS Politics

  • BS Sociology

  • BS Social Policy

  • BS Statistics

  • BBA

  • BS Marketing

  • BS Digital Marketing

  • BS Applied Sciences

Fee Structure Of BS Economics

Here is fee structure of some public and private universities of Pakistan:

University Of Education 24,000 per semester
Government College Women University, Faisalabad 36,000 per semester
Government College University 155,000 per semester
The Islamia University Of Bahawalpur 40,200 per semester
University Of Science and Technology 33,500 per semester
The Government Sadiq College Women University 85,500 per semester
Women University Azad Jammu and Kashmir 45,500 per semester
International Islamic University 78,000 per semester
Comsats University 175,000 per semester
University Of Gujrat 72,000 per semester
Federal Urdu University Of Arts Science and Technology 43,000 per semester
Allama Iqbal Open University 28,500 per semester
Quaid-e-azam University 71,000 per semester

Further Courses After BS Economics

There are further courses after BS economics degree program:

  • MS Accounting and Finance

  • MA economics

  • MS Mathematics

  • MS Politics

  • MS marketing

  • MS digital marketing

  • MS Social Policy

  • MS Sociology

  • MS Statistics

  • MS Applied Sciences

  • MBA

  • PhD in Finance

  • PhD in Economics

A doctor of philosophy in economics is the highest degree program in economics. It is a research-based degree that concentrates on microeconomics, econometrics, macroeconomics and quantitative analysis. Economists can pursue a teaching career after obtaining a PhD in economics.

Admission Process And Eligibility Criteria Of BS Economics

Students must have a minimum of 60% aggregate score in matriculation and intermediate equivalent exam is required.

Also they have O/A level and other intermediate stream students need to obtain equivalence certificates from Inter Board Committee of Chairmen (IBCC).

They also must have at least 50% marks in the admission test.

Top Colleges And Universities Of BS Economics In Pakistan

There are many universities in Pakistan which are offering BS economics degree program. Some top colleges and universities are:

  • The Islamia University of Bahawalpur

  • Lahore University of Management Sciences

  • University of the Punjab

  • International Islamic University, Islamabad

  • Federal Urdu University of Arts, Science and Technology

  • University of Agriculture, Faisalabad

  • Government College University, Lahore

  • University of Central Punjab

  • Quaid-e-Azam University Islamabad

  • Lahore School of Economics, Lahore

  • National University of Sciences and Technology

  • University of Management and Technology

  • The University of Lahore

  • Abdul Wali Khan University, Mardan

  • Government College University Faisalabad

  • National University of Computer and Emerging Sciences,

  • University of Engineering and Technology, Lahore

  • Government Sadiq College Women University

  • University of Azad Jammu and Kashmir