The foremost vision of the department is to augment the quality of education & research in the subject of economics. The department also intends to produce well trained graduates & researchers that can contribute significantly in the economy of Pakistan.
The mission of the department is to develop economic wisdom, innovative thinking with the promotion of ethical values & attitudes for delivering highest standards of education in Economics. The mission is also to develop the professional capacity building and to promote the culture of research and consultancy.
Keeping in view, the present day requirements of the subject, the Department of Economics has following goals:
i. To endow with quality of education in economics based on strapping theoretical and practical knowledge.
ii. To Promote Research at various levels on local, national & international Economic issues.
iii. To provide the essential and fundamental knowledge of economics and skill with training to the graduates.
iv. To suggest the appropriate economic policies to decipher the economic issues through academic and professional research.
v. To produce graduates based on market oriented needs through revised and contemporary curricula.
vi. To promote/extend the opportunities of research and consultancy for local, national and international issues.
vii. To develop the strategic linkages with national & international universities/institutes.
The Department of Economics is the leading department in teaching and research among the departments of social sciences, commerce and management. The Department is one of the pioneer departments of the university when it was started functioning. The department has produced thousands of graduates so far who are serving at their levels to all national and international institutions across the countries. At present, there are nine faculty members in the department. Three of them hold Ph.D. degrees from renowned universities. Two faculty members have also completed their post doctoral research from UK. This year 3 more PhDs would be the part of the department to meet the current needs and to cater the future demands and challenges. The faculty members are producing more than 20 research papers annually published in national and/or international research journals. The faculty members have competency in diverse branches of economics.
The department offers a wide range of courses in the field of Economics. The department is running BS 4-years program with the purpose to provide the essential knowledge and skills of Economics to the students. At present, the department is producing successfully on average 35 undergraduates annually. Keeping in view the present day requirements of the subject, the Department of Economics is already offering exciting and academically challenging postgraduate degree of M.Sc. Economics. The program provides expertise in Development Economics, Financial Economics and Econometrics with emphasis on quantitative tools such as Mathematics, Statistics and Computer applications in addition to core courses. The main feature of the course is its blend of core economic concepts and principles with modern research methods. The department is producing 130 postgraduates on average annually.
The department of Economics has also introduced a new and challenging program (Blend of Economics and Business Studies) recognized by Higher Education Commission of Pakistan (HEC) named as Master of Business Economics (MBEcon). This program is aimed at imparting a full range of knowledge, awareness and expertise mutually in the subjects of Economics and Business. The students of MBEcon would be equipped with theoretical, contemporary and market required practical skills relating to Economics and Business studies together. The graduates of MBEcon would be well prepared to take up their career in the Public / Private Sectors as Business Economist and Analysts in Businesses, consultancy firms, financial institutions and in applied research firms.
The Department also aims at promoting research on various local and national issues. For this purpose, the department has introduced both M. Phil and PhD programs. The department has produced successfully 105 M Phil and 12 PhD scholars so far. Presently, 20 students have been registered as PhD candidates including HEC scholars. The students enrollment strength of the department has now risen to over 500 per academic year. As a bilateral exchange program, the department had established a linkage with the Molde University College, Molde, Norway and accordingly 4 of our colleagues have completed their PhDs over there. The department has a library of more than 5000 books, plus a collection of national and international journals. Computer facilities are also available in the Department. The department also arranges some co-curricular and extra-curricular activities of the students to sharpen their abilities and performance.