041-9201478
economics@gcuf.edu.pk

Scheme of Studies

Vision

To achieve broad and increasing recognition of the excellence of its programs among those offered by public and private institutions in the region and at international level; and to equip students with skills to implement theoretical and applied research work that will contribute to knowledge and resolve problems confronting the economy.

Mission

To enable the students to exercise their intellectual capacity, to acquire disciplinary knowledge and analytical skills, to value diversity in people and ideas, and to develop ethical decision making abilities. To produce quality economists that will play their constructive role in different public, private sector organizations, policy making, and research. The learning environment is distinguished by admission on merit only, highly accessible faculty, teamwork, and information technology-supported education. The economics faculty places an emphasis on excellence in teaching through continuous professional development in instruction, as well as, in applied and theoretical economic research. Currently, the Department is offering graduate and postgraduate degree programs viz-a-viz BS, MSc, MPhil and PhD.

Introduction

Economists deal with scarcity and choices. In a society where resources are limited and cannot meet the claims put upon it, economists suggest guidance for steering the economy to hit utmost desired goals utilizing limited means with a prime objective of social welfare in all decisions. Economic theory provides powerful and often surprising insights into individual and social behaviors through providing a better understanding of a variety of contemporary issues. The employment prospects for economists are very wide as the importance of economics is inevitable. Students who study economics here acquire problem solving skills that are valued by government and business employers, skills that can be used to examine a variety of economic policy issues e.g. problems of unemployment and inflation, policy and project evaluation, the impact of monopoly power and regulation, the impact of foreign trade, and public intervention to deal with social problems like environmental pollution. Our department is well-known for the excellence of its teaching and advising, with a strong reputation for producing innovative PhD graduates. The Department of Economics has developed curricula to become competitive with the present day requirements. Formulation of policy alternatives by conducting solution oriented research to assist the decision makers for uniform growth and developing manpower in line with the demands of local and international markets are the priorities of the Department. In this context, the Department of Economics is playing a key role to fill the gap of availability of human resources that are required to improve the momentum of economic growth and eradicate socioeconomic evils.