Undergraduate Program

BS Economics with AI & Data Science

“Shaping Data-Informed Economic Leaders for Tomorrow”

The BS Economics with Artificial Intelligence (AI) & Data Science is an innovative undergraduate program designed to blend core economic theory with modern data science and artificial intelligence tools. The program equips students with the analytical, computational, and technological skills needed to address complex economic challenges in an increasingly data-driven world.

Students study essential economics subjects such as microeconomics, macroeconomics, development economics, econometrics, Islamic and financial economics, and blue economy alongside hands-on coursework in Python programming, machine learning, agentic AI, data mining, modeling, and big data analytics. This combination prepares graduates for diverse careers across business, finance, government, research, development, and the rapidly expanding AI and data science sectors.

Rationale of this Program

As global economies undergo digital transformation, traditional economics programs are expanding to include modern quantitative and technological skills. Students today seek degrees that not only teach economic concepts but also prepare them for careers in data-driven sectors. Employers increasingly demand graduates who can interpret economic systems, analyze large datasets, develop predictive models, and apply AI-based tools in real-time decision-making.

This program has been launched to respond to these emerging needs. By integrating Data Science and Artificial Intelligence with economics, the degree becomes future-focused, practical, and aligned with industry expectations. Students graduate with strong foundations in economics and the technical ability to work with programming languages, analytics software, intelligent models, and real-world economic data.

The program bridges the gap between classical economic knowledge and 21st-century data and AI competencies, ensuring graduates remain competitive in both local and international job markets.

Importance in the Context of Pakistan

Pakistan’s economic landscape is rapidly evolving, with increasing reliance on technology, digital finance, and data-driven governance. Public and private sector institutions now depend heavily on analytics, forecasting, and AI-supported decision-making. There is a growing national demand for professionals who understand economic structures and can apply advanced data science and AI techniques.

This program fulfills critical national needs by producing graduates who can contribute to:

Key Areas

  • Economic policy design
  • Financial analytics and forecasting
  • Development planning
  • Digital banking and fintech
  • Industry competitiveness
  • Public sector reforms
  • Research and consultancy
  • Technology-driven entrepreneurship

About Program

Upon successful completion of this program, graduates will be able to:

  1. Understand Core Economics: Explain and apply fundamental concepts in microeconomics, macroeconomics, and econometrics.
  2. Apply Quantitative Tools: Use statistical and mathematical techniques to analyze economic problems and interpret empirical results.
  3. Use Programming Tools: Demonstrate proficiency in Python and related tools for economic data analysis.
  4. Perform Data Analysis: Collect, clean, analyze, and visualize economic data using modern software and platforms.
  5. Implement Machine Learning Models: Apply basic machine learning and AI techniques to support economic forecasting and decision-making.
  6. Develop Economic Solutions: Integrate economics, data science, and AI skills to design solutions for real-world business, policy, and financial challenges.
  7. Conduct Research: Formulate research questions, build models, and produce analytical reports grounded in empirical data.
  8. Demonstrate Ethical Practices: Apply ethical principles to data collection, analysis, and interpretation, promoting transparency and responsibility.
  9. Communicate Effectively: Present complex economic and technical information clearly to technical and non-technical audiences.
  10. Engage in Lifelong Learning: Adapt to new knowledge, AI trends, analytical tools, and emerging research in economics and data science.

Job Roles:

  • Data Analyst / Economic Analyst​
  • Policy Makers​
  • Financial & Risk Analyst​
  • Business Intelligence Analyst​
  • AI & Data Science Associate​
  • Economic Consultant 

Organizations & Institutions:

  • Banks & Financial Institutions​
  • Government Ministries & Planning Commission​
  • State Bank of Pakistan & Regulatory Bodies​
  • Think Tanks & Research Institutes​
  • Multinational Companies & Consulting Firms​
  • FinTech, Tech Firms & Startups​
  • International Organizations (UN, World Bank,IMFADB)
  • Minimum 45% marks in HSSC or equivalent qualifications recognized by the Inter Board Committee of Chairmen (IBCC)
  • Clear the Aptitude Test and Interview at Salim Habib University

List of Electives

Minor-Data Science Courses:

  • Introduction to Data Science
  • Machine Learning
  • Data Mining & Visualization
  • Big Data Analytics

Minor -Artificial Intelligence (AI) Courses:

  • Artificial Intelligence (AI)
  • Deep Learning
  • Agentic AI
  • Special Topics in AI

Electives Economics Courses:

  • Public Finance
  • Labor Economics
  • Blue Economy
  • Water Economics
  • International Finance
  • Energy Economics and Policy
  • Climate Change Economics & Policy
  • Political Economy
  • Economic Growth Models
  • Health Economics
  • The Chinese Economy and Policy
  • Transport Economics and Policy
  • History of Economic Thought
  • Welfare and Happiness Economics
  • Poverty and Income Distribution
  • Population Economics
  • Fiscal Economics
  • Agricultural Economics
  • Industrial Economics

Scheme of Study (Semester Wise)

  • Duration: 4 Years
  • Semesters: 8
  • Credit Hours: 153

Microeconomics-I M1 3+0
Functional English GEN ED-1 3+0
Principles of Psychology GEN ED-2 3+0
Application of Information and Communication Technology GEN ED-3 2+1
Introduction to Mathematics GEN ED-4 3+0
Culture, Media and Society GEN ED-5 2+0
Macroeconomics-I M2 3+0 M1
Programming for Economics M3 2+1 GEN ED-3
Pakistan Studies GEN ED-6 2+0
Understanding of Holy Quran-I GEN ED-7 0+1
Islamic Studies GEN ED-8 2+0
Entrepreneurship GEN ED-9 2+0
Applied Statistics IDC1/Allied1 3+0 GEN ED-4
Behavioral Economics M4 3+0 M1, GEN ED-2
Microeconomics- II M5 3+0 M1
Financial Economics M6 3+0 M2
Intro to Business Analytics GEN ED-10 3+0
Introduction to Social Sciences GEN ED-11 2+0
Service learning and Civic Responsibility GEN ED -12 2+0
Understanding of Holy Quran-II GEN ED-13 0+1
Introduction to Data Science Minor (Data Science)-1 2+1
Environmental Studies and Sustainability GEN ED-14 2+1
Philosophy, Logic, and Critical Thinking GEN ED-15 3+0
Development Economics M7 3+0 M5
Macroeconomics II M8 3+0 M2
Mathematical Economics M9 3+0 GEN ED-4
Artificial Intelligence (AI) Minor (AI)-I  

2+1

 

Summer Internship Field Experience /Internship  

3+0

 

 

Field Experience /Internship  

3+0

 

 

 

 
Managerial Economics M10 3+0 M5
Econometrics M11 3+0 M9
Quantitative Techniques in Business IDC2/Allied2 3+0
Institutional Economics M12 3+0
Machine Learning Minor (Data Science)-II 2+1 IDC1/Allied1
Islamic Economics M13 3+0 M6
International Trade M14 3+0 M5
Financial Econometrics M15 3+0 M11
Monetary Theory and Practice M16 3+0 M6, M8
Issues in Pakistan’s Economy M17 3+0 M1, M2
Deep Learning Minor (AI)-II 2+1
Applied Business Communication IDC3/Allied3 3+0
Environmental Economics M18 3+0
Games of Strategy M19 3+0 M1, M5
Qualitative Research Methodology IDC4/Allied4 3+0
Data Mining and Visualization Minor (Data Science)-III 2+1
Agentic AI Minor (AI)-III 2+1 Minor (AI)-1
Research Project -I M20 3+0 M15 IDC2/Allied2 IDC4/Allied4
 

Summer work

 

 

Volunteer Work /Community Service

 

1+0  
Elective -I M21 3+0
Elective -II M22 3+0
Elective -III M23 3+0
Big Data Analytics Minor (Data Science)-IV 2+1
Special Topics in AI Minor (AI)IV 3+0
Research Project -II M24 3+0 Research Project -I
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