Department of Economics

Contact No: +92-91-9216733
Email: economics@uop.edu.pk

Introduction:

With about 700 students, the Department of Economics is one of the largest departments in the University of Peshawar. Founded in 1950 on the principles of intellectual curiosity and scholarly rigor, the Department of Economics aims to nurture the next generation of economists, policymakers, and leaders equipped with the skills and knowledge to address the complex economic challenges facing our society. The Department strives to achieve these goals through a diverse set of academic programs that include a four-year bachelor’s degree in Economics (BS Economics), a four-year bachelor’s degree in Development Studies (BS Development Studies), an M.Sc. degree in Economics, as well as an MS/M.Phil. and Ph.D. degrees in Economics. The faculty members of the Department of Economics hold doctorates from renowned national and international universities. With a diverse range of expertise spanning macroeconomics, microeconomics, environmental economics, development economics, and more, our faculty members are dedicated to fostering a dynamic learning environment where

students are encouraged to explore, question, and innovate. In addition to quality teaching, the Department is actively engaged in interdisciplinary

research that seeks to generate insights and solutions to pressing economic issues at both local and global levels. Through its research, the Department strives to make meaningful contributions to economic policy, development strategies, and sustainable development.

Vision

To be a leading center of excellence in economics education, research, and policy analysis, addressing contemporary economic problems, driving positive societal change, and contributing to global economic knowledge through academic empiricism.

Objective

The Department of Economics aspires to cultivate a sound learning environment that fosters intellectual curiosity, research and scholarship, critical thinking, and interdisciplinary collaboration, transforming our students into problem solvers equipped with the skills and knowledge to navigate the complexities of national and global economies.

Outcomes

Graduates of the Department of Economics emerge as skilled individuals equipped with analytical thinking, problem-solving abilities a sound understanding of economic principles and their practical applications. They become productive members of society, making significant contributions across various fields as public servants, economists, advisors, business leaders, and entrepreneurs, among others.

Infrastructure:

The Department has 11 classrooms, 12 offices for the faculty, and 05 offices for the administrative staff. The department has a computer lab having 40 computers and a library with over 50,000 books. The Department has a 100 KW generator which provides electricity without interruption. The Department has two Common rooms; one each for boys and girls.

Number of Students in Academic Programs:

The Department of Economics has a diverse pool of young talent in its various academic programs.

Research Areas:

The Department of Economics undertakes empirical research in diverse areas such as microeconomics, macroeconomics, environmental economics, development economics, behavioral economics, human capital, population economics, and more.

Projects:

The Department has worked on a World Bank project in collaboration with the Khyber Pakhtunkhwa Revenue Authority to check the Sales tax potential for the Khyber

Pakhtunkhwa Government. The Department further led and completed the Urban Immovable Property Tax (UIPT) project financed by the German Agency for International Cooperation (GIZ).

Courses At Master Level

M.Sc. (Previous)

Micro Economic Theory (Mr. Nadeem Iqbal)

Here we study economic problems at smaller, individual level which enables the students to understand the concepts of consumer behavior, production theory, Market Organization, General Equilibrium and Welfare Economics.

Macro Economic Theory (Mr. Shafiqullah)

Macroeconomics is the study of the structure and performance of National economies and of the policies that governments use to try to effect economic policies. The issues that macro economists address are also focused.

Mathematics for Economist (Mr. Suleman Amin)

In this subject, we study the use of mathematical methods and techniques in an effort to construct rigorous and logical economic theories. The actual tools employed in this pursuit include algebra, calculus, Algebraic methods, set theory and other branches of mathematics relevant to Economics. The use of mathematics to economics enables the students to understand concepts that are otherwise not clearly comprehensible.

Basic Statistics and Research Methodology (Dr. Amjad Amin)

In this course, students are given the Basics along with advanced statistical tools and techniques, generally used in analyzing economic data. Economics basically deals with both qualitative and quantitative information. This mass of information can only be better understood if properly analyzed and quantified, which can only be done if the Analyst / Economist has sufficient and sound background of analytic tools and Techniques. This can only be done if proper coaching is done with statistical techniques.

Public Finance and Monetary Economics (Prof. Dr. Zilakat Khan Malik)

Public Finance deals with finances of the government. The main branches are public revenue, public expenditure, public debt and fiscal policy. Monetary economics deals mainly with the evolution, function and characteristics of money and its role and impact in the prevailing economic system. Alongside, it also discusses functions and role of commercial and central banks.

M.Sc Final

Econometrics (Compulsory) (Dr. Amjad Amin)

This course deals with estimation and fitting of different regression models to economic data. The course mainly includes the topics of simple/multiple regression analysis, violation of basic assumption, non-linear equation, generalized linear regression model and its applications, formulation and estimation of special models e.g. models with dummy variables simultaneous equation system, identification, ILS and 2SLS method for solution of simultaneous equation system.

GROUP I

Development Economics (Dr. Sajjad Ahmad Jan)

The study of economic development is one of the newest and most challenging branches of the broader disciplines of economics and political economy. This is a systematic study of the problems and processes of economic development in Africa, Asia and Latin America. It deals with the economics of contemporary, under developed third world nations, varying ideological orientations, diverse cultural backgrounds and very complex yet similar economic problems that usually demand new ideas and novel approaches.

Managerial Economics (Mr. Shafiqullah)

Managerial Economics basically deals with the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve its aims or objectives most efficiently. So, the basic emphasis will be on micro and macro economic theory and the tools of mathematical economics and econometrics.

The Economy of Pakistan (Dr. Naila Nazir)

The course covers many sectors of the economy like Agricultural Sector, Industrial Sector, Economic Planning and Policies in Pakistan, its natural resources and geographical position, ideological structure, foreign debts, trade, transport and communication and problems faced by nationalized and privatized sectors.

Agricultural Economics (Ms. Sanam Wagma Khattak)

The course being with a system introduction to the basic concepts and issues in economics as they relate to agriculture. The course focuses on gaining an understanding of the economics decisions made by consumers and producers. In part, it also focuses on macroeconomics policy and how agriculture affected by policy responses to business fluctuations.

International Economics (Dr. Zilakat Khan Malik)

International Economics deal with international trade theory, international trade policy, the balance of payments, Foreign Exchange Market and open Economy. It highlights the problems arising in the international trade, international capital movement, and the operation of Multi-national Corporation and risk of economics collapse.

Group-II

Economics Analysis of Project Planning and Management. (Mr. Nadeem Iqbal)

If proper investment/programmes are to be carried out the subject of project planning cannot be overlooked. This subject basically tells us about the feasibility of investment projects. Projects are generally carried out both under the condition of certainty and uncertainty. This subject basically deals with different tools/techniques by which the students is enabled to analyse the feasibility of the project i.e. through financial analysis techniques generally used to prepare the feasibilities and pre-feasibilities of an investment project and finally to advise the govt., semi govt., and NGOs that whether a particular study should be undertaken or not.

Human Resource Development (Dr. Danish Alam)

Human resource Development encompasses activities and processes which are intended to have impact on organizational and individual learrning. Main emphasis will be on education, training and development, leadership development, better subordinate, superior relation carrier planning and development, various job experiences, development of technology and job enrichment.

Economics System of Islam (Dr. Naila Nazir)

This subject covers the main features of an Islamic economic system and comparison with other economic system. As the Islamic economics cover all aspects of human life, including consumption, distribution, wages, rent, interest and production, therefore, it importance is increasing day by day. In this subject, we further study different modes of Islamic banking i.e. Modarabas, Musharika, Monetary and fiscal policies of Islamic system and social system of Islamic society.

Industrial Economics (Mr. Suleman Amin)

The major thrust is the demonstration of how micro economic theory applies to industrial markets. The course is aimed at students who are encountering the field of industrial economics for the first time. It focuses on the theoretical and empirical aspects of how structure of the organization and conduct affect economic performance and welfare.

Operation Research and Mathematical Programming. (Mr. Nadeem Iqbal)

The subject will basically take into consideration in different types of programming techniques used for solving economics and mathematical problems. Emphasis will be on linear programming, integer programming and non linear programming.