The Department of Economics is a growing and vibrant department that brings together quality faculty and student body. Having built its reputation as the premier institution for economics education in Pakistan, the Department aspires to establish itself as an internationally recognised centre of theoretical and applied research in economics. It seeks to contribute to questions at the frontier of economic knowledge by drawing on the regional laboratory of economic and social life in South Asia by collaborating with academics based at global centres of excellence in economic research.
The department intends to achieve this goal by aggressively recruiting high calibre academicians, and by developing international research collaborations with academics at leading centres of excellence in economics. In recent years, the department has been successful in developing along both these dimensions. Faculty has been recruited in the areas of finance, micro econometrics, technology and trade and development, who have completed their PhDs from Yale, Cambridge and Northern Illinois. There is also an exciting Visiting Faculty Programme in place at the department which attracts distinguished faculty from reputed international universities and multilateral organisations.
In recent years the department has had faculty visiting from Bond University, Harvard Kennedy School , Lakehead University, McGill University, University of Delhi, University of Kent, Universiti Utara Malaysia and the World Bank. The Department of Economics recruits internationally and provides a welcoming environment for people of all nationalities. To facilitate research, the department is committed to balancing faculty time between teaching and research and offers funding for research and international conference travel.
The department offers a 4-year undergraduate programme in Economics (first class graduated in 1997) as well as a master’s programme in Economics (first class graduated in 2002). Economics is one of the most popular majors at the University and almost fifty per cent of the student body is enrolled in Economics either as a major, in a joint degree programme or as a minor.
The teaching focus is based around theoretical and empirical rigour and placements indicate the quality of the programmes offered. Despite the relative infancy of the programme, the academic placements of the graduates have been exceptional. Since the inception of the undergraduate programme, graduates have been placed in well-reputed PhD programmes overseas, such as: Northwestern, Yale, Cambridge, Oxford, George Mason, University of Arizona, London School of Economics and University College London. The students have also done exceptionally well at obtaining the Fulbright, Commonwealth and Rhodes Scholarships in recent years. The department is laying the foundations of an international quality Economics school that is well placed to produce tomorrow's academic researchers in finance and economics.
The quality of non-academic placements of the graduates is equally impressive. A significant proportion goes to leading international universities for their master’s, MBA, M-Phil or MPP programmes. Many of these students eventually end up going into corporate and policy jobs.
The department is fast becoming a recognised national and regional centre of research. In recent years its faculty has become much more research active and the current interests of the faculty span a range of sub-fields, which include: macro and monetary, growth, experimental game theory, finance, applied econometrics, economics of education and migration and political economy. The department's national reputation has afforded its faculty the opportunity to undertake consultancy and research work on policy issues of international and national significance.