.:.GC University Lahore

The Department of Economics at GCU is an established centre of academic research, Undergraduate and Postgraduate study in Economics and related disciplines like Banking and Financial Economics, Entrepreneurship and SME Management. We enjoy a formidable reputation on account of our high standards, competitiveness and commitment to excellence in the field of Economics. The Department of Economics has a long and distinguished history of widening the horizons of its students and helping them gain the knowledge required for competing internationally. Our Economists have occupied positions of eminence at various national and international organisations, banks and advisory boards.

Apart from imparting instructions, we focus on the character-building, grooming and personal development of our students through active participation in activities organised by various Societies. These Co-curricular Societies are what make life at GCU more fruitful, enjoyable and are an integral part of the Ravian Experience.

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. 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.

(L-R) Prof. U. Karamat, Prof. M. Rashid, Prof. Fiza-ur-Rehman & Prof. Dr. Khalid Aftab

Facilities

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The Department is equipped with the latest instructional aids and technologies like the Internet, access to online journals, multimedia, overhead projectors, a computer lab, air-conditioned classrooms and Seminar Rooms.

Research

The faculty at the Department of Economics strives hard to promote research in various fields of Economics significant to national concerns. Some of the most successful research projects of the Department are:

Development of Women Entrepreneurship of Urban Lahore
An Economic Analysis of Micro and small Scale Shoemaking Units of Lahore.
Pak-India Trade Study in Products of Light Engineering Sector: Fans & Bicycles

Research Groups

The Department has setup research groups in the following areas:

Banking and Finance Economics
Entrepreneurship & SME Management
International Trade, WTO and Finance
Quantitative Economics
Urban Economics & Development
Economics Growth, Poverty, Inequality and Social Sector Development
Macroeconomic Issue and Public Economics

Over the last three years, a number of papers have been published in these areas in different national and international journals by the faculty members.

Research Journal

The Department publishes its refereed research journal �GCU Economics Journal� under the ISSN 0242�2815 which is subscribed to by the International Monitory Fund (IMF), The World Bank (WB) and other institutions. It is also subscribed to by leading universities in the UK and the USA.

The Department has published papers and proceedings of the conference "Financing Higher Education in Pakistan", held in November, 2007.

Academic Links

The Department takes pride in its endeavours for developing higher education link programmes with Strathclyde University and University of Cranfield, UK.

Academic Programmes

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We offer a range of the following market-driven and widely recognised Undergraduate and Postgraduate Programmes.

� BSc (Hons.) Business Accounting and Finance

� BSc (Hons.) Economics

� MS in Banking and Financial Economics

� MS in Entrepreneurship and SME Management

� MPhil in Economics

� PhD in Economics

� Short Course (WTO)

All Programmes are intensive and demand a high level of commitment.

MS in Banking and Financial Economics

The Department of Economics has launched its new Programme; MS in Banking and Financial Economics. The purpose of the Programme is to provide the banking and finance sector with the relevant human resource equipped with academic and applied knowledge and experience. The Programme will enable the participants to develop a good understanding of money, banking and financial economics and to understand the role of these factors in economic development. Moreover, they will be better able to analyse the behaviour and structure of domestic and international financial markets and institutions in light of current crises and challenges. Thus they will be able to contribute in the development of the banking sector, financial institutions and capital markets.

The duration of the Programme is two years with a total of 36 credit hours to be completed in four semesters. In year I, two semesters each of 12 credit hours will be completed. In year II, the students will write research dissertations of 12 credit hours.

Eligibility

Minimum 16 years of schooling will be required with at least 2.5 CGPA or 60% marks for admission in MS Programme.
Only those candidates will be eligible to apply for admission to MS in Banking and Financial Economics who have completed MSc or BA/BSc (Hons.) in Economics/Banking & Finance/Commerce or other relevant disciplines.
Candidates must pass the NTS Graduate Assessment Test (GAT) before the submission of MPhil/MS thesis or at the time of admission.

MS in Entrepreneurship and SME Management

The Department of Economics has launched its new Programme; MS in Entrepreneurship and Small and Medium Enterprises Management (S&SMEM). The Programme is aimed at entrepreneurial development and management in order to enable new entrepreneurs to start successful business ventures. The Programme focuses on cutting edge issues of business environment and development plans highlighting key elements of marketing, organisational behaviour and financial planning and development.

Eligibility

Minimum 16 years of schooling will be required with at least 2.5 CGPA or 60% marks for admission in MS Programme.
Only those candidates will be eligible to apply for admission to MS in Banking and Financial Economics who have completed MSc or BA/BSc (Hons.) in Economics/Banking & Finance/Commerce or other relevant disciplines.
Candidates must pass the NTS Graduate Assessment Test (GAT) before the submission of MPhil/MS thesis or at the time of admission.

Future Prospects

The Department of Economics takes pride in producing graduates who contribute towards the social and economic development of the country. Graduates of the Department are serving across the globe at international universities, multinational enterprises; the International Monitory Fund (IMF); the Asian Development Bank (ADB) and the World Bank (WB), in addition to reputable institutes in the country. Our graduates are employed at banks, insurance and leasing companies, NGOs, planning and development departments, stock exchanges, brokerage houses, chambers of commerce and industry, research organisations and educational institutions. We believe in the continuous development and revision of our curricula to meet the needs of the Globalised world.

Courses

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BSc (Hons.) Business Accounting & Finance
Business Accounting & Finance as Allied Subject
BSc (Hons) Economics
Economics as Allied Subject
MS in Banking and Finance Economic
MPhil Economics
PhD Economics

BSc (Hons.) Business Accounting and Finance

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Year � 1
Semester� I
Course Code	Course Title	Credit Hours
BAF-1101	Principles of Accounting	3
Semester� II
BAF-1201	Financial Accounting	3

Year � 2
Semester� III
Course Code	Course Title	Credit Hours
BAF-2101	Cast Accounting	3
Semester� IV
BAF-2201	Introduction to Business and Entrepreneurship	3
BAF-2202	Principles of Finance	3

Year � 3
Semester� V
Course Code	Course Title	Credit Hours
BAF-3101	Principles of Management	3
BAF-3102	Business Research Methodology	3
BAF-3103	Strategic Finance	3
BAF-3104	Managerial Accounting	3
BAF-3104P	Managerial Accounting	1
BAF-3105	Commercial Law	3
Semester�VI
BAF-3201	Principles of Marketing	3
BAF-3202	Business Communication and Report writing	3
BAF-3203	Corporate Law	3
BAF-3204	Income Tax Law	3
BAF-3205	Corporate Governance & Auditing	3

Year � 4
Semester� VII
Course Code	Course Title	Credit Hours
BAF-4101	Financial Econometrics	3
BAF-4101P	Financial Econometrics	1
BAF-4102	Sales Tax, Custom & Excise Duty	3
	Elective-I	3
	Elective-II	3
BAF-4299	Research Project/Internship	3
Semester�VIII
BAF-4299	Research Project/Internship	3
BAF-4201	Organization Behaviour & Human Resource Management	3
BAF-4203	Analysis of Financial Statements	3
	Elective-III	3
	Elective-IV	3

Elective Courses

Elective I
BAF-4103	Advance Corporate Accounting I (with special reference to IFRS)	3
BAF-4104	Accounting for Derivatives & Hedging	3
BAF-4105	Advanced Auditing	3
Elective II
BAF-4106	Investment & Portfolio Management	3
BAF-4107	Trading Practices in Financial Marketing	3
BAF-4108	Insurance and Risk Management	3
Elective III
BAF-4203	Advance Corporate Accounting II (with special reference to IFRS)	3
BAF-4204	International Accounting	3
BAF-4205	Accounting Information System (Accounting Software PEACH Tree)	3
Elective IV
BAF-4206	International Finance Management	3
BAF-4207	Banking Practices/Operations	3
BAF-4208	Valuation of Financial Derivatives	3

Note: The scheme of studies is subject to change and revision

Business Accounting and Finance as Allied Subject

Year � 1
Semester� I
Course Code	Course Title	Credit Hours
BAF-1101	Principles of Accounting	3
Semester� II
BAF-1201	Financial Accounting	3

Year � 2
Semester� III
Course Code	Course Title	Credit Hours
BAF-2101	Cast Accounting	3
Semester� IV
BAF-2201	Introduction to Business and Entrepreneurship	3

BSc (Hons.) Economics

Year � 1
Semester� I
Course Code	Course Title	Credit Hours
ECON-1101	Micro Economics-I	3
Semester� II
ECON-1201	Micro Economics-II	3

Year � 2
Semester� III
Course Code	Course Title	Credit Hours
ECON-2101	Macro Economics-I	3
Semester� IV
ECON-2201	Macro Economics-II	3
ECON-2202	Statistics for Economist	3

Year � 3
Semester� V
Course Code	Course Title	Credit Hours
ECON-3101	Islamic Economics	3
ECON-3102	Development Economics	3
ECON-3103	History of Economic Thought	3
ECON-3104	Basic Econometrics	3
ECON-3104P	Basic Econometrics	1
ECON-3105	Money, Banking and Monetary Policy	3
Semester� VI
ECON-3201	International Economics	3
ECON-3202	Public Finance and Policy Economics	3
ECON-3203	Applied Econometrics	3
ECON-3203P	Applied Econometrics	1
ECON-3204	Managerial Economics	3
ECON-3205	RMCA	3
ECON-3205P	RMCA	1

Year � 4
Semester� VII
Course Code	Course Title	Credit Hours
ECON-4101	Advanced Micro Economics	3
ECON-4102	Advanced Macro Economics	3
	Elective-I	3
	Elective-II	3
ECON-4299	Research Project/Internship	3
Semester� VIII
ECON-4299	Research Project/Internship	3
ECON-4201	Project Appraisal and Economic Policy	3
ECON-4202	Advanced Mathematical Economics	3
	Elective-III	3
	Elective-IV	3

Elective Subjects

Elective I
Course Code	Course Title	Credit Hours
ECON-4103	Natural Resource and Environmental Economics	3
ECON-4104	Agriculture Economics	3
ECON-4105	Urban Economics	3
Elective II
Course Code	Course Title	Credit Hours
ECON-4106	WTO, SAARC & The Global Economy	3
ECON-4107	Industrial Economics	3
ECON-4108	Regional Integration & trade in South Asia	3
Elective III
Course Code	Course Title	Credit Hours
ECON-4203	Demographic Economics	3
ECON-4204	Human Resource Economics	3
ECON-4205	Issue in Poverty and Income Distribution	3
Elective IV
Course Code	Course Title	Credit Hours
ECON-4206	Game Theory	3
ECON-4207	Dynamic Optimization	3
ECON-4208	Entrepreneurship & Small Business Management	3

Note: The scheme of studies is subject to change and revision

Economics as Allied Subject

Year � 1
Semester� I
Course Code	Course Title	Credit Hours
ECON-1101	Micro Economics-I	3
Semester� II
ECON-1201	Micro Economics-II	3

Year � 2
Semester� III
Course Code	Course Title	Credit Hours
ECON-2101	Macro Economics-I	3
Semester� IV
ECON-2201	Macro Economics-II	3
ECON-2202	Statistics for Economist	3

MPhil Economics

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	Advanced International Trade	3
ECON-7204	Poverty and Income Distribution	3

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

MS in Banking and Finance Economics

Year � 1
Semester� I
Course Code	Course Title	Credit Hours
BFE-7101	Economic Analysis	3
BFE-7102	International Finance and Management	3
BFE-7103	Investment Portfolio Including Assets and Liabilities Management (ALM)	3
BFE-7104	Marketing of Financial Services and Product Development	3
Semester� II
BFE-7201	Monetary Economics and Policy	3
BFE-7202	Financial Sector of Pakistan (A course on applied research)	3
BFE-7203	Financial Risk and Management	3
BFE-7204	Legal and Regulatory Framework for Banks and Financial Institutions	3

Year � 2
Semester� III & IV
Course Code	Course Title	Credit Hours
BFE-7499	Thesis	12

MS in Entrepreneurship and SME Management

Year � 1
Semester� I
Course Code	Course Title	Credit Hours
ESME-7101	Business Economics for the ESMEM	3
ESME-7102	Human Resource and Organizational Behaviour	3
ESME-7103	Business Environment and Competitiveness	3
ESME-7104	Legal Aspects of SMEs	3
Semester� II
ESME-7201	Country Case Studies on SME Development	3
ESME-7202	Theory and Practice of SME Finance	3
ESME-7203	Investment Appraisal and Quantitative Techniques (A course on applied research)	3
ESME-7204	Entrepreneurial ventures and Business Plan	3

Year � 2
Semester� III & IV
Course Code	Course Title	Credit Hours
ESME-7499	Thesis	12

PhD Economics

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
Semester� II
ECON-8201	Selected Topics in Econometric Theory	3
ECON-8202	International Economic Policy & Globalization	3
ECON-8203	Seminar in Economics	3

Year � 2
Semester� III & IV
Course Code	Course Title	Credit Hours
ECON-8499	Thesis	12

Faculty

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Name	Designation	Area of Interest
Asif Saeed, MPhil (QAU)	Chairperson	Managerial Economics, Human Resource Economics
Dr. Pervez Azeem, PhD (Texas A&M)	Foreign Professor	Mathematical & Quantitative Economics, Microeconomics Analysis
Dr. Muhammad Wasif Siddiqui, PhD (PU)	Associate Professor	Development Economics, International trade policy
Uzair Ahson, MPhil (GCUL)	Assistant Professor	Monetary & Fiscal Economics, SMEs & Entrepreneurship
Masooma Zareen Farooki, MPhil (GCUL)	Assistant Professor	International Economics and Finance
Zainab Ijaz, MPhil (GCUL)	Lecturer	International Economics and Finance
Tasneem Zafar, MPhil (GCUL)	Lecturer	Investment & Project Appraisal
Aqueel Imtiaz Wahga, MA (GCUL)	Lecturer	Entrepreneurship and SME Management
Nisar Ahmad, MCom (BZU)	Lecturer	Accounting and Finance
Muhammad Mubashir Hussain, MA (PU)	Lecturer	Accounting & Finance
Jamshed-ur-Rehman, MAS/M.Phil. (AERC, KU)	Lecturer	Econometrics, Public Policy
Bilal Mehmood, MPhil (GCUL)	Lecturer	Investment Planning & Project Appraisal, Micro & Macro Economics
Saima Sarwar, MA (PU)	Lecturer	International Economics, Statistical Economics
Zahid Irshad Younis, MSc (GCUL)	Lecturer	Accounting & Finance
Mehboob-ul Haq Chair

Visiting Faculty
Prof. Khalid Aftab, PhD (Strathclyde)
Prof. Khalid Pervaiz, PhD (Southampton)
Hamid Yamin Dar, MSc (Ontario)
Sheikh Salah-ud-din, MA (PU)
Muhammad Azmat, MA (PU)
S. M. Ijaz Hussain, MA(PU)
Fazal Hussain, LLM (PU)
Aslam Rana, MBA (PU)
Shuja Afzal, MA (PU)
Ch. Naseer Ahmed, MA (KU)

Journals & Publications

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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 0242�2815 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.