Department of Economics

Introduction

The Department of Economics at GMC aims to enable the students to think logically and improve their ability to use different economic concepts.The program of study imparts knowledge of basic economic concepts, theories and models as well as their practical applications in various sectors of economic importance. It develops the understanding among students about political, economic, and social factors that influence our daily lives. It also helps to explore how and why key policy decisions are made and what could be their subsequent impact. The department is very well aware of the growing demand for specialists in finance and economics disciplines in the globalized world. Therefore, it focuses on producing graduates who fit well in the dynamic market demand ranging from policy making authorities, central and commercial banks, international organizations and brokerage houses.

Faculty Members

Prof. Imtiaz Ahmed Sair

ASSOCIATE PROFESSOR

Head of Department
economics@murraycollege.edu.pk

Prof. Imran Sohail Cheema

Assistant Professor

Prof. Ahsan Ilyas

Assistant Professor

Prof. Muhammad Hafeez

Lecturer

BS Economics Program

Programs Offered

  • BS Economics

Program objectives

  • To equip the students with appropriate conceptual and analytical tools for deep understanding of economic, social, and political problems of the economy
  • To develop critical and evaluative thinking in students to find the solutions of socio-economic and socio-political problems
  • To provide opportunities for the development and application of these tools by undertaking research and community work in the field.
  • To provide the students practical knowledge of econometric techniques by using the computer packages like E-Views and SPSS.
  • To establish a culture of analytical processing through group discussion, discussion forums, seminars and workshops to capacitate students to express the economic issues in well-bred and technical manners.
  • To equip the students with modern technological skills for professional development, research and management.
  • To equip the graduates with the training required to enter Research Program in Economics or to work as economists in public or private-sector organizations.

Eligibility

At least 45% marks in intermediate or equivalent (applicant is required to have studied at least one of the courses  Mathematics or Economics or Statistics)

Scheme of Studies

Semester 1
CodeName of the SubjectCr. Hrs.
ECO-102Principles of Microeconomics3
ENG-101English-I3
ISL-100Islamic Studies2
IT-101Introduction to Computer Applications3
MATH200Mathematics 13
 General I13
 Total17
Semester 2
CodeName of the SubjectCr. Hrs.
ECO-103Principles of Macroeconomics3
ENG-102English-II3
PKS-101Pakistan Studies2
IT-102Fundamentals of Information Systems3
 General II3
 General III3
 Total17
Semester 3
CodeName of the SubjectCr. Hrs.
ENG-201English-III3
ECO-201Intermediate Microeconomics3
ECO-202Statistics 13
ECO-206Development Economics3
 General IV3
 General V3
 Total18
Semester 4
CodeName of the SubjectCr. Hrs.
HIST101History101 
ECO-204Intermediate Macroeconomics3
ECO-207World Economic History3
ECO-208Statistics 23
 General VI3
 General VII3
 Total15
Semester 5
CodeName of the SubjectCr. Hrs.
ECO-303Mathematical Economics-I3
ECO-305Microeconomic Analysis3
ECO-306Macroeconomic Analysis3
ECO-307International Trade Theory3
ECO-308Pakistan Economy3
 Optional3
 Optional3
 Total18
Semester 6
CodeName of the SubjectCr. Hrs.
ECO-309Econometrics-I3
ECO-310Mathematical Economics- II3
ECO-312Economic Growth3
 Optional3
 Optional3
 Total15
Semester 7
CodeName of the SubjectCr. Hrs.
ECO-401Econometrics-II3
ECO-402Research Methodology3
ECO407Public Sector Economics3
 Optional3
 Optional3
 Optional3
 Total18
Semester 8
CodeName of the SubjectCr. Hrs.
ECO-403Monetary Economics3
ECO-406Islamic Economics3
ECO-408Entrepreneurial Economics3
 Optional3
 Total12

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