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Introduction

The study of economics involves an analytical look at how scarce resources are allocated to various areas of production. It emphasizes the importance of making choices between desirable alternatives. The study of economics provides tools to make these choices in such areas as employment, economic growth, price stability, and trade. Associate Degree in economics program is designed for those students who, after completing their 12 years of education, are looking for some knowledge based, career oriented and market determined educational program in the field of economics. The program is the blend of different courses like theoretical, quantitative, and applied areas in economics, which will enable the students to review, analyze and provide solutions to complex problems with intellectual independence.

Objectives of the Programs:

The main objective is to achieve the highest possible standards of education, teaching, and research in economics. More specific objectives are to:

  • Enhance the qualification of those who could not continue their education after HSSC through formal universities.
  •  Impart sound theoretical and applied knowledge of economics.
  • Develop an ability in students to become effective independent researchers and learners.
  • Provide a thorough understanding of the economic theory pertaining to global economic issues and its impact on Pakistan’s economy.

Learning out comes of the Program.

  • To provide general knowledge of the economy, National Income, and various methods of National Income Accounting.
  • To provide the basic knowledge of various economic theories and economic models
  • To enable the students to attain basic understanding of the core courses of the discipline.
  • To empower the students for getting different analytical skills
  • To strengthen the students for understanding the policy formulation at various levels 

Eligibility Criteria

An applicant having intermediate (F.A/FSc.) is eligible for admission.

 

EVALUATION POLICY

                        As per AIOU approved assessment criteria.

Teaching Methodology

The program will be offered according to ODL Education Policy. Lectures will be delivered through the Learning Management System (LMS).

SCHEME OF STUDY ASSOCIATE DEGREE IN ECONOMICS

The distribution of courses

Sr. No.

Nature of Courses

No. of Courses

Credit Hours

1

General Courses   

12

36

2

Major (Economics)

10

30

                              Total

22

66

Name of Subject

Academic Cluster

Credit Hours

Course Code

Functional English

Functional English

3(3+0)

9382

 Islamic Studies/ Ethics (for Non-Muslim)

Islamic Studies/Ethics

3(3+0)

9401/5437

Ideology and Constitution of Pakistan

Ideology and Constitution

3(3+0)

9378

Quantitative Reasoning

Quantitative Reasoning-I

3(3+0)

9424

Economics

Major

3(3+0)

9335

Total

 

15

 

Name of Subject

Academic Cluster

Credit Hours

Course Code

Expository Writing

Expository Writing

3(3+0)

9381

Civics and Community Engagement

Civic and Community Engagement

3(3+0)

9385

Quantitative Reasoning -II

Quantitative Reasoning-II

3(3+0)

9383

 Introduction to Psychology

Social Sciences

3(3+0)

8411

Basics of Environmental Sciences

Natural Science

3(2+1)

9389

Principles of Microeconomics

Major

3(3+0)

9301

 Total

 

18

 

Name of Subject

Academic Cluster

Credit Hours

Course Code

Arts Crafts & Calligraphy

Arts and Humanities

3(3+0)

6410

Entrepreneurship

Entrepreneurship

3(3+0)

5026

Application of Information and Communication Technologies

Application of Information and Communication Technology

3(2+1)

9384

Principles of Macroeconomics

Major

3(3+0)

9302

Issues in Pakistan Economy

Major

3(3+0)

9317

Total

 

15

 

Name of Subject

Academic Cluster

Credit Hours

Course Code

 Intermediate Microeconomics

Major

3(3+0)

9303

 Intermediate Macroeconomics

Major

3(3+0)

9304

 Introduction to Statistics for Economists

Major

3(3+0)

9309

 Introduction to Mathematical Economics

Major

3(3+0)

9311

Development Economics

Major

3(3+0)

9315

Monetary Economics

Major

3(3+0)

9322

Total

 

18

 

1

2

3

4

5

6

Semesters

Offering Semester: Spring & Autumn

About

The Allama Iqbal Open University was established in May, 1974, with the main objectives of providing educational opportunities to masses and to those who cannot leave their homes and jobs. During all these past years, the University has more than fulfilled this promise.