Department of Economics

Chairperson: Prof. Dr. Abdul Waheed

Welcome to the Department of Economics at the University of Karachi!

Introduction:
The Department of Economics is a cornerstone of the Faculty of Arts & Social Sciences, boasting a history rich in academic excellence and significant contributions to the field of economics. Established in the academic year 1950-51, following the enactment of the University of Karachi Act, the department began its journey at the old campus before relocating to its present, expansive location in 1960. The department was initially led by Professor Newman Joseph Adams, an American national who set the foundation for its future successes during his brief tenure as the first Chairman.

Teaching Philosophy and Curriculum:
Our teaching philosophy is a harmonious blend of theory and practical application, designed to equip students with a comprehensive understanding of economic principles and their real-world implications. The curriculum is delivered through a variety of methods including traditional lectures, interactive case studies, dynamic oral presentations, detailed written reports, and insightful field visits. This multi-faceted approach ensures that students gain both theoretical knowledge and practical skills.

Industry Integration and Continuous Assessment:
To enhance the learning experience, we regularly invite eminent guest speakers from leading economic and financial institutions to provide practical insights and real-world perspectives. These interactions bridge the gap between academia and industry, preparing students for the challenges of the professional world. Additionally, the department places a strong emphasis on continuous assessment to ensure that students are effectively assimilating the knowledge being imparted. This includes a range of evaluations from quizzes to extensive terminal examinations, as well as presentations and comprehensive written reports.

Alumni Success and Professional Preparation:
Graduates from the department are well-prepared to enter a wide array of professional fields. Our alumni have made significant strides in various sectors including banking, civil services (CSS), research, academia, and business, both domestically and internationally. The skills and knowledge acquired during their time at the department enable them to excel in their chosen careers and contribute meaningfully to their respective fields.

Research Initiatives and Projects:
In addition to our academic programs, the department is actively involved in research initiatives and projects that address contemporary economic challenges. Faculty members and students collaborate on research that spans a broad range of topics providing valuable insights that inform policy and practice.

Fostering Academic Community:
The department also fosters a vibrant academic community through seminars, workshops, and conferences. These events provide platforms for students, faculty, and visiting scholars to engage in intellectual exchange, discuss cutting-edge research, and explore new ideas in economics. This dynamic environment not only enhances the educational experience but also encourages the development of critical thinking and analytical skills.

Commitment to Excellence:
We are committed to maintaining our legacy of excellence and continue to strive towards advancing the field of economics through high-quality education, innovative research, and meaningful community engagement. The department remains dedicated to nurturing the next generation of economists who will lead and inspire in an ever-evolving global economy.