Virtual University BS Economics

The virtual university’s Bachelor of Science in Economics program is intended for students who have completed 12 years of education. They are looking for a comprehensive economics education that is knowledge-based, career-oriented, and in line with market demands.

BS economics offers a curriculum that is a combination of various courses, including theoretical, quantitative, and applied areas in economics.

The theoretical courses in this program provide the students with a compact foundation in economic concepts, and principles. These courses cover the following topics in microeconomics, macroeconomics, economic history, and economic policy. This enables the students to develop a deep understanding of the fundamental principles that are governed by economic systems.

The quantitative courses in this program equip students with essential mathematical, statistical, and econometric skills which are necessary for the students to analyze economic data, conduct empirical research, and make informed decisions based on data-driven evidence.

The applied courses in the program focus on real-world applications of economic theories and techniques. These courses may include areas such as labor economics, international economics, environmental economics, financial economics, and public economics, among others. Students learn how to apply economic concepts and tools to analyze and solve complex problems related to real-world economic issues, such as globalization, environmental sustainability, poverty, and public policy.

BS Economics Objectives

The main objective is to attain the highest possible standards of excellence in education, teaching, and research in economics.

Equip students with sound theoretical and applied knowledge of economics.
Equip students with a thorough understanding of economic theory related to global economic issues and their impact on Pakistan’s economy.
Foster independent research and learning skills in students.
Prepare students for further studies in economics.
Create economics experts who can comprehend and analyze the issues facing developing nations like Pakistan.

BS Economics Eligibility

12 years of Education, minimum 45% marks, FA/FSC/ICS/I.COM

Candidates with less than 45% marks can be admitted after completing the “Zero Semester“.
Candidates with “A” level certification are required to show an equivalent certificate issued by the Inter Board Committee of the Chairman in Islamabad (http://www.ibcc.edu.pk/).
14 years of Education with (BA/BSc/ADP), students can apply for 5th-semester admission after meeting the course exemption criteria.

Course Exemption

Students who have already completed 14 years of education and those wishing to transfer their credit hours from other universities are eligible for course exemption.

Degree Duration

This program is a four-year full-time course, divided into eight semesters, each semester has at least 18 weeks for teaching and examinations.

Assessment of Study Progress

The evaluation of student’s academic progress is based on continuous assessment throughout the semester, including assignments, online quizzes, Graded Discussion Boards (GDBs), and mid-term and final-term exams. The mid and final-term exams are conducted at VU’s designated exam centers and typically account for 80-85% of the total marks for a course.

Study Scheme

Semester 1

Course Code	Subject Title	Type	Credit Hours
CS101	Introduction to Computer	Required	3 (Theory:3), Practical:0)
ECO302	Principles of Microeconomics	Required	3 (Theory:3), Practical:0)
ENG101	English Comprehension	Required	3 (Theory:3), Practical:0)
MTH100	General Mathematics	Required	3 (Theory:3), Practical:0)
SOC101	General Mathematics	Required	3 (Theory:3), Practical:0)
ETH202	Ethics (for Non-Muslims)	Elective	2 (Theory:2), Practical:0)
ISL202	Islamic Studies	Elective	2 (Theory:2), Practical:0)
VU001	Introduction to e-Learning	Required	1 (Theory:1), Practical:0)

Semester 2

Course Code	Subject Title	Type	Credit Hours
ECO303	Principles of Macroeconomics	Required	3 (Theory:3), Practical:0)
ENG201	Business and Technical English Writing	Required	3 (Theory:3), Practical:0)
MGT111	Introduction to Public Administration	Required	3 (Theory:3), Practical:0)
MTH302	Business Mathematics & Statistics	Required	3 (Theory:3), Practical:0)
PSY101	Introduction to Psychology	Required	3 (Theory:3), Practical:0)
PAK301	Pakistan Studies	Required	2 (Theory:2), Practical:0)

Semester 3

Course Code	Subject Title	Type	Credit Hours
ECO402	Microeconomics	Required	3 (Theory:3), Practical:0)
ECO501	Development Economics	Required	3 (Theory:3), Practical:0)
ECO606	Mathematical Economics I	Required	3 (Theory:3), Practical:0)
EDU101	Foundations of Education	Required	3 (Theory:3), Practical:0)
ENG301	Business Communication	Required	3 (Theory:3), Practical:0)
MGT503	Principles of Management	Required	3 (Theory:3, Practical:0)

Semester 4

Course Code	Subject Title	Type	Credit Hours
ECO403	Macroeconomics	Required	3 (Theory:3), Practical:0)
ECO610	Issues in the Economy of Pakistan	Required	3 (Theory:3), Practical:0)
ECO612	Population Economics	Required	3 (Theory:3), Practical:0)
ENG401	Introduction to Literature: Short Story and Poetry	Required	3 (Theory:3), Practical:0)
STA301	Statistics and Probability	Required	3 (Theory:3), Practical:0)

Semester 5

Course Code	Subject Title	Type	Credit Hours
ECO603	International Economics	Required	3 (Theory:3), Practical:0)
ECO607	Mathematical Economics II	Required	3 (Theory:3), Practical:0)
ECO614	Microeconomic Analysis	Required	3 (Theory:3), Practical:0)
MGT411	Money & Banking	Required	3 (Theory:3), Practical:0)
MGT602	Entrepreneurship	Required	3 (Theory:3), Practical:0)
STAT404	Regression and Correlation	Required	3 (Theory:3, Practical:0)

Semester 6

Course Code	Subject Title	Type	Credit Hours
BNK611	Economic Ideology in Islam	Required	3 (Theory:3), Practical:0)
ECO601	Business Econometrics	Required	3 (Theory:3), Practical:0)
ECO613	Globalization and Economics	Required	3 (Theory:3), Practical:0)
ECO615	Poverty and Income Distribution	Required	3 (Theory:3), Practical:0)
ECO616	Macroeconomic Analysis	Required	3 (Theory:3), Practical:0)

Semester 7

Course Code	Subject Title	Type	Credit Hours
BNK610	Islamic Banking Practices	Required	3 (Theory:3), Practical:0)
ECO499A	Final Year Project Economics	Required	3 (Theory:3), Practical:0)
ECO604	Monetary Economics	Required	3 (Theory:3), Practical:0)
ECO605	Financial Economics	Required	3 (Theory:3), Practical:0)
ECO609	Advanced Econometrics	Required	3 (Theory:3), Practical:0)
STA630	Research Methods	Required	3 (Theory:3, Practical:0)

Semester 8

Course Code	Subject Title	Type	Credit Hours
ECO404	Managerial Economics	Required	3 (Theory:3), Practical:0)
ECO499B	Final Year Project-Economics	Required	3 (Theory:3), Practical:0)
ECO608	Agricultural Economics	Required	3 (Theory:3), Practical:0)
ECO611	Environmental Economics	Required	3 (Theory:3), Practical:0)
HRM627	Human Resource Development	Required	3 (Theory:3), Practical:0)

Project or Internship

Students must complete a Final Year Project of 6 Credit Hours, divided equally between the 7th and 8th semesters (each semester carrying 3 Credit Hours).

Students must consult their advisor before selecting a final project. They must submit a written report and may be asked to present it.

Award of Degree

To be awarded a Bachelor of Science in Economics degree, a student must complete at least 134 credit hours of coursework with a minimum Cumulative Grade Point Average (CGPA) of 2.0 out of 4.

Fee Structure

Degree Program	Admission Fee	Registration Fee	Security Fee	Admission Processing Fee	Semester Enrollment Fee	Per credit hour fee	Fee of Convocation	Fee payable at admission
BS	3,000	2,500	2,000	500	1,000	935	2,000	11,905

Semester Fee

The semester fee within Pakistan is approximately Rs. 17000/-

Fee Structure for Overseas

Disclaimer

The courses are regularly reviewed to ensure they are up to date with those taught at top universities, taking into account the needs of local industry and the job market.
The University may change its fee structure from time to time.