Academic Programmes

The department offers the following undergraduate and postgraduate programmes.

(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.

Program’s Vision Statement

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.

Program’s Mission Statement

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.

Program’s Goals
  • 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.
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.
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.
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 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

(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.

Program’s Vision Statement

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

Program’s Mission Statement

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.

Program’s Goals
  • 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.
Eligibility Criteria
  • 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.

Program’s Vision Statement

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

Program’s Mission Statement

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.

Program’s Goals
  • 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.
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
  • 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