BS Economics with minor in Psychology attempts to integrate psychological understanding of human behavior into economic analysis. This interdisciplinary field teaches about analyzing Consumer Behavior and Economic Data in order to design more effective economic policies. The basic message of this track is that humans are hard wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.


NIU offers the opportunity to undertake variety of minor courses for specialization in Economics. Unlike any other typical university degree, the students are taken to the frontier of the discipline, covering recent research as well as more established material. The program includes a wide-ranging and diverse set of innovative topics in the field of Business, Finance and Psychology with an equally far-reaching set of potential application areas.


BS Economics with different minors develops a sense of how important it is to understand ‘the economy’ from different perspectives in order to increase students’ chances of success in their practical life. The programs expose the students to important issues related to the fields of Business, Finance and Psychology.


NIU’s economics graduates through rigorous training are prepared for careers in planning and development divisions; public sector Institutions; NGOs, international organizations and Research Institutes; or for future study or research in graduate or professional schools in Economics, as well as career pertaining to Public Policy or Management. The availability of professional and practical training in an already established and well-knitted set-up in our sister concerns like NUR Student Leadership Program-NSLP, NUR Center for Research and Policy-NCRP and NUR Community Outreach Program-NCOP is there for students.

Faculty Humanities and Social Sciences
Department Economics
Study Level Undergraduate
Program Duration 4 Years
Program type Regular
Total Credit Hours 130
Intake Fall/Spring Semester
Semester 1 Semester 2
Code Subject Credit Hours Code Subject Credit Hours
ENGL 101 Functional English 3(3-0) ENGL 102 Communication Skills 3(3-0)
MATH 101 Mathematics 3(3-0) ISLM 101 Islamic Studies 2(2-0)
ECON 100 Fundamentals of Economics 3(3-0) CSCS 101 Introduction to Computer 3(3-0)
UNIV 100 Foundations of University Education 3(3-0) ECON 101 Fundamentals of Microeconomics 3(3-0)
Minor course I 3(3-0) ECON 106 Fundamentals of Macroeconomics 3(3-0)
Minor course II Minor course III
Semester 3 Semester 4
Code Subject Credit Hours Code Subject Credit Hours
ENGL 103 Technical Writing and Presentation Skills  3(3-0) ECON 201 Intermediate Microeconomics  3(3-0)
PKST 101 Pakistan Studies  2(2-0) ECON 206 Intermediate Macroeconomics  3(3-0)
ECON 211 Basic Mathematics for Economists  3(3-0) ECON 216 Introduction to Statistical Methods for Economists  3(3-0)
Minor course IV  3(3-0) Quantitative Analysis  3(3-0)
Minor course V  3(3-0) Minor course VI  3(3-0)
Minor course VII  3(3-0)
Semester 5 Semester 6
Code Subject Credit Hours Code Subject Credit Hours
ECON 306 International Trade Theory 3(3-0) ECON 330 Research Methods & Computer Applications 3(3-0)
ECON 327 Public Sector Economics 3(3-0) ECON 322 Econometrics II 3(3-0)
ECON 321 Econometrics I 3(3-0) ECON 354 Game Theory 3(3-0)
ECON 334 Welfare & General Equilibrium Analysis 3(3-0) ECON 332 Development Economics Theory 3(3-0)
ECON 353 Managerial Economics 3(3-0) ECON 311 Advance Mathematical Economics 3(3-0)
ECON 498 (Summer Semester)


Semester 7 Semester 8
Code Subject Credit Hours Code Subject Credit Hours
ECON 432 Economic Performance and Challenges in Pakistan 3(3-0) ECON 434 Economics of Natural Resources 3(3-0)
ECON 431 Urban Economics 3(3-0) ECON 439 Political Economy 3(3-0)
ECON 339 Economics of Developing Countries 3(3-0) ECON 437 Regional Disparities and Development 3(3-0)
Major Elective I 3(3-0) Major Elective III 3(3-0)
Major Elective II 3(3-0) Major Elective Iv 3(3-0)

Students must have 12 years higher secondary education. Also they require having minimum percentage 0f 50% to get enrolment as per HEC requirement.