BSS(Hons) in Economics

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• On completion of the course students are expected to gain knowledge that prepares them to:

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• 1. Students will be exposed to a full treatment of modern theories of consumption. These theories are fundamentally dynamic. Students will learn about the permanent income hypothesis, the random walk hypothesis, life cycle saving, and liquidity and credit-market constraints. This analysis will enable students to formulate policies regarding consumption patterns.
• 2. Students will learn extensions of the money demand and money supply theory. They will understand the structure of fiscal and monetary policy and their role in monetary economy.
• 3. Students will learn about investment theory, with emphasis on the idea of Dale Jorgensen. Students will learn about the investment priorities in different sectors.
• 4. Students will receive a rigorous treatment of modern models of economic growth (Solow Model). They will learn the concepts of the steady state, convergence, and growth accounting. They will be exposed to research on cross-country differentials in standards of living and policies aimed at improving growth and standards of living.
• 5. Students will receive a modern treatment of the growth theory under technological progress and will able to apply that knowledge in an economy adopting advanced technology.
• 6. Deliver solutions to macroeconomic policy problems through applying good group working practices.

References

• 1. Mankiw, N. Gregory, Macroeconomics, 3rd edition, 1997. (M)
• 2. Romer, David, Advanced Macroeconomics, 3rd edition, 2001. (R)
• 3. William H. Branson. Macroeconomic Theory and Policy, 4th Edition.
• 4. Graeme Chamberlin & Linda Yueh. Macroeconomics, 2006.

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• 1. Achieve practical skill on Microsoft Word
• 2. Achieve the advanced skill on how to conduct a survey digitally using phone and reduce shirking of enumerators and improve data accuracy and validity

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• 1. Analyze the basic cross-sectional econometric model.
• 2. Apply knowledge about widely used methods for the analysis of time series data
• 3. Use statistical software to fit appropriate time series models to given data sets, make inference about time series components, and compute forecasts and their statistical uncertainty.
• 4. Explain the time series data with Stationarity, Non-Stationarity & Co-Integration techniques.
• 5. Explain Basic Fixed effect & Random effect model of panel data econometrics.

References

• 1. Econometric Analysis of Cross-Section and Panel Data, Jeffrey M. Wooldridge, MIT, 2002
• 2. Econometric Analysis: William H. Greene, Fifth Edition, Prentice Hall, 2003
• 3. Time Series Analysis: James D. Hamilton, Princeton University Press, 2000

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• LLO 1
• LLO 2
• LLO 3
• LLO 4
• LLO 1
• LLO 2
• LLO 3
• LLO 4

References

• Microeconomic Analysis
• Microeconomic Theory: Basic Principles and Extentions
• Microeconomic Analysis
• Microeconomic Theory: Basic Principles and Extentions

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• 1. Identify and formulate basic macroeconomics models and explain their limits of applicability,
• 2. Evaluate models to solve given problems,
• 3. Differentiate between modeling devices and main implications of the models,
• 4. Justify empirical relevance of these models and political feasibility of recommendations derived from them,
• 5. Explain and justify positive and normative macroeconomic policy propositions with integration of the appropriate literature, both in written and oral communications,
• 6. Deliver solutions to macroeconomic policy problems through applying good group working practices.

References

• 1. Branson, William H., Macroeconomic Theory and Policy, 2nd edition, 1979
• 2. Romer, David, Advanced Macroeconomics, 3rdedition, 2001. (R)
• 3. Mankiw, N. Gregory, Macroeconomics, 3rd edition, 1997. (M)
• 4. Froyen, R. T. (1998), Macroeconomics: Theories & Policies, Pearson Education.

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References

• Main Reference 1. Introduction to Macroeconomics [With Application to Bangladesh Economy], Dr. Kazi Iqbal & Amin Bin Hasib 2. The Economics of Money, Banking & Financial Markets, Frederic S, Mishkin (Ninth Edition) Additional Reference 1. Lewis, M.K. and P.D. Mizen Monetary Economics. Oxford; New York: Oxford University Press 2. Mankiw Gregory N, Macroeconomics, Worth Publisher, Seventh Edition.

Outcomes

• Understand the methods of estimating the social value of environmental resources
• Understand and apply fundamental tools and models of microeconomics to analyzing environmental questions, which involve cases where private market outcomes are not necessarily efficient (e.g., pollution, climate change)
• Understand and interpret relevant graphical analyses
• Use microeconomics tools to analyze important environmental regulatory policies
• Compare different institutional approaches to environmental policy (regulation, market-based, common law)
• Understand the difficulties of formulating and evaluating environmental policy
• Understand the history and processes through which environmental policy has been made, and the difficulty of evaluating potentially corrective policies
• Familiarity with specific economic issues associated with environmental situations
• Understand the intertemporal tradeoffs in environmental issues, and the economic models used to evaluate them

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• On completion of this course, the student will be able to have: 1. Knowledge and understanding of key concepts, issues and models of asymmetric information, along with empirical evidence on and policy implications of those models and a deeper understanding of recent research activity. 2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. 3. Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
• On completion of this course, the student will be able to have: 1. Knowledge and understanding of key concepts, issues and models of asymmetric information, along with empirical evidence on and policy implications of those models and a deeper understanding of recent research activity. 2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. 3. Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.

References

• Information Economics
• The Economics of asymmetric information
• Information Economics
• The Economics of Asymmetric Information

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• On completion of this course the students will be able to:
• 1. Know how economic growth and development differ from each other.
• 2. Learn about the key concepts of economic growth, development and determinants of productivity.
• 3. Study the different growth models.
• 4. Be aware of the differences between developed and least developed economies.
• 5. Study the nature of poverty and inequality, their causes, and ways of measurement.
• 6. To sum-up, upon successful completion of the course, the student should be able to demonstrate a basic understanding of news relating to the economy as a whole, the economic implications of changes in government policy, and critically apply economic concepts when participating as a citizen in a democratic society in his everyday life.

References

• 1. Todaro, M. and Smith, S. 2003. Economic Development, Pearson Education, Addison Wesley.
• 2. Ray, D. 1998. Development Economics, Oxford University Press.
• 3. Bardhan, P. and Udry, C. 1999. Development Microeconomics, Oxford University Press.
• 4. Ghatak, S. 1995. Introduction to development economics, Routledge.
• 5. Thirlwall, A. P. 1994. Growthand Development, Macmillan Press Ltd.
• 6. Meier, G. M. 1997. Leading issues in economic development, Oxford University Press.
• 7. Yusuf, S. et. al. 2009. Development economics through the decades, The World Bank
• 8. Livingstone, Ian, Development economics and policy.
• 9. Gillis, P., Romer, and Snodgrass. 1996. Economics of Development. Norton.
• ** Reference of supplementary study materials will be provided in respective classes.

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• After completing this course, a student will be able to:
• 1. Develop his/her communication skills, especially public speaking skills like formal presentations, impromptu speeches and presentations in groups.
• 2. Use English in real-life situations, both formal and informal.
• 3. Gain confidence overcoming his/her weakness in public speaking skills.
• 4. Create appropriate oral responses to various communication situations, both formal and informal.
• 5. Develop fluency in conversation and efficiency in interactional skills.
• 6. Become a confident, knowledgeable and organized individual who is adept in both impromptu and pre-prepared speech.

References

• 1. Public Speaking: College and Career; Hamilton Gregory
• 2. The Art of Speaking; Stephen E Lucas
• 3. Public Speaking ; Michael and Suzanne Osborn

Outcomes

• On successful completion of this course students will be able:
• 1. To get introduced to the basic mathematical tools useful in the Economics discipline
• 2. To develop analytical skills
• 3. To develop organizational skills
• 4. To develop both independent learning and group work skills
• 5. To develop verbal and non-verbal communication skills
• 6. To successfully use mathematics in economics and business applications.

References

• 1. Dowling, E T, (2001). Introduction to Mathematical Economics, Schaum’s Outline Series, McGraw-Hill, 3rd edition.
• 2. Chiang A C. (2005). Fundamental Methods of Mathematical Economics, McGraw-Hill, 4th edition.

Outcomes

• 1. Students will develop their reading skill through various reading techniques (skimming, scanning, inference, summarizing etc.) which will enable them to understand, analyze and evaluate reading texts.
• 2. By practicing writing different types of paragraphs, essays and summary, students are going to acquire a good command over structure and techniques of writing.
• 3. Vocabulary lessons will help to develop students’ ability to express themselves through writing and speaking for academic and other purposes.
• 4. Through an inductive way of learning grammar, students will be able to understand and apply grammatical rules in their writing and speaking.
• 5. Classroom interaction, group discussions, peer feedback, individual or group presentation will enhance students’ capacity to think critically, organize and present their own thoughts and ideas in English.

References

• 1. Liz and John Soars.: New Headway Intermediate Level Students’ Book 2. L. Sue Baugh: How to write first class business correspondence. Cambridge IELTS (book 4-6)

Outcomes

• On successful completion of this course students will be able:
• 1. To gain confidence with introductory and intermediate mathematical tools.
• 2. To develop analytical skills
• 3. To develop organizational skills
• 4. To develop both independent learning and group work skills
• 5. To develop verbal and non-verbal communication skills
• 6. To successfully use mathematical modelling in economics and business applications.

References

• 1. Dowling, E T, (2001). Introduction to Mathematical Economics, Schaum’s Outline Series, McGraw-Hill, 3rd edition.
• 2. Chiang A C. (2005). Fundamental Methods of Mathematical Economics, McGraw-Hill, 4th edition.

Outcomes

•  This module develops a knowledge and understanding of:
• 1. The dynamic and changing nature of business and the consideration of the future of organizations within the global business environment, including the management of risk.
• 2. The sources, uses and management of finance  The use of accounting and other information systems for planning, control, and decision making.
• 3. The use of accounting and other information systems for managing financial risk.
• 4. The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
• 5. The use of risk management techniques and business continuity planning to help maximize achievement of strategic objectives on the economic, social and environmental conditions of the future.
• 6. Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
• 7. The concepts of the time value of money and the risk and return relationship for different sources of finance and for portfolios. The concepts of financial securities, their features and markets. The concepts of capital structure and its importance to firm value.
•  Intellectual skills: This module develops:
• 1. The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
• 2. Conceptual and critical thinking, analysis, synthesis and evaluation.
• 3. The ability to analyse and evaluate financial data.
•  Professional practical skills: This module develops:
• 1. Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
• 2. Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty.
•  Transferable (key) skills: This module develops:
• 1. Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
• 2. Articulating and effectively explaining information

References

• 1. Gitman, Lawrence J., and Chad J. Zutter. Principles of Managerial Finance 13th Edition. Prentice Hall, 2011.
• 2. Ross A. Stephen; Westerfield Randolph W. &Jafee J. Corporate Finance, McGraw-Hill 6th edition.
• 3. Brigham E.F. & liaison J.F. 1998. Fundamentals of Fraternal Management; The Dryden Press.
• 4. Frederic S. Mish kin. 2000. The Economics of Money Banking, and financial Markets, Addison –Wesley.
• 5. Van Horn-, J.C. &Wachowicz J.M. 1996. Fundamentals of Financial Management, Prentice Hall.
• 6. Francis J.C. investments. 1986. Analysis & Manage Intent; McGraw-Hill 4th edition.
• 7. Frederic S. Mishkin. 2000. The Economics of Money Banking and Financial Markets. Addison-Wesley.
• 8. Varshney, P.N. 2000. Baking Law & Practice; SCS.
• 9. Modigliani, Franco P., Frank, J. Jones & Frank, J. Fabozzi (2009), Foundations of Financial Markets and Institutions, Prentice Hall.
• 10. Brealey, R.A., Myers, S.C. and Marcus, A.J. (2007),Principles of Corporate Finance, 7th Edition, McGraw-Hill Inc.

Outcomes

• French. By the end of the course students will be able to speak French with beginner level of proficiency for day-to-day conversation. They can write and understand from listening and reading as a beginner user for daily life. Learning language is also learning culture as language is shaped by the culture. Learners will learn also the culture of target language.

References

• 1. Le Nouveau Taxi-1 méthode de français by Guy Capelle & Robert
• 2. Moi, je parle francais.
• 3. French Dictionary
• 4. Cahier d’exercices of Taxi -1

Outcomes

• Students will learn how markets and other governance structures organize core economic activities, such as production, distribution, and consumption, and the growth of productive resources.

References

• 1. Microeconomic Analysis, Third Edition 3rd Edition by Hal R. Varian (Author)
• 2. Microeconomics (3rd Edition) 3rd Edition by Hugh Gravelle (Author), Ray Rees (Author)
• 3. Microeconomic Theory: Basic Principles and Extensions (Upper Level Economics Titles) 11th Edition by Walter Nicholson (Author), Christopher M. Snyder (Author)
• 4. Microeconomics: Theory and Applications with Calculus, 3rd Edition Jeffrey M Perloff, University of California-Berkeley
• 5. Microeconomics, Global Edition 9th Edition by Daniel Rubinfeld (author) Robert Pindyck (author) (Author)

Outcomes

• At the end of this course, students will be able to:
• 1. To demonstrate knowledge of macroeconomic concepts by explaining them using appropriate terminology.
• 2. To demonstrate knowledge of macroeconomic theories by analyzing their assumptions and differences.
• 3. To demonstrate understanding of macroeconomic models by describing relationships among macroeconomic variables.
• 4. To demonstrate knowledge and understanding of current macroeconomic problems by applying theories to concrete case

References

• 1. Taslim, M. A. & Chowdhury, A. (1995). Macroeconomic Analysis. Prentice Hall.
• 2. Macroeconomics by George N. Mankiw
• 3. Macroeconomics Theory and Policy by William H Branson

Outcomes

• At the end of this course, students will be able to:
• 1. Understand different concepts like Poverty, Income Inequality and Gender Inequality.
• 2. Analyze the different measures of Poverty, Income Inequality and Gender Inequality.
• 3. Explain the effect of Poverty, Income Inequality and Gender Inequality in the economy.
• 4. Evaluate the extent of Gender Inequality, Factors affecting the level of Family Income.
• 5. Explore the Impact of Gender Inequality on House Hold Development.
• 6. Finally the students comment on the causes of Poverty, Income Inequality and Gender Inequality and Policy implications to minimize the effects on the economy.

References

• 1. On economic inequality by Amartya Sen expanded edition with substantial annexe by James E. Foster . Oxford University Press; Reprint impression 1999.
• 2. Poverty and Famines: An Essay on Entitlement and Deprivation by Amarty Sen, Oxford University Press; Reprint edition (January 20, 1983)
• 3. The Economics of Poverty: History, Measurement, and Policy By Martin Ravallion by Oxford University Press 2016
• 4. Handbook of Poverty and Inequality by Jonathan Haughton and Shahidur R Khandker (PDF)
• 5. Bangladesh: Gender, Poverty and Millennium Development goals. (MDGs) (PDF)
• 6. Lecture PPT https://drive.google.com/drive/folders/1jYdGokO0Qifsz7KSP1cjzPpxUubLVq9J?u

Outcomes

• Upon successful completion of the course, students will be able to:
• 1. Identify key development Economic theories such as Economic growth, Trade and E-development.
• 2. Review policy implications of these development economic theories and models.
• 3. Critically examine the link between various Economic theories.
• 4. Analyze the impact of macro development policies from both local and global context.

References

• 1. Todaro, M. and Smith, S. 2003. Economic Development, Pearson Education, Addison Wesley.
• 2. Ghatak, S. 1995. Introduction to development economics, Routledge.

Outcomes

• 1. Explain, analyze and predict consumer behavior under conditions of certainty and uncertainty (under different risk attitudes) and implications for individual and market demand for goods
• 2. Calculate the minimal cost input factor quantities for a firm and optimal selling price, supply quantities and resulting profits of firms in different market structures (including perfect competition and various forms of imperfect competition, like monopolies, oligopolies, and monopolistic competition)
• 3. Analyze the interaction between consumers and firms, apply the concept of market equilibrium and calculate welfare measures such as consumer surplus and social welfare
• 4. Perform supply and demand analysis in input factor markets with varying market structures
• 5. Discuss and describe various forms of market failures and analyze and predict consequences for the market equilibria and social welfare
• 6. Discuss and explain the role of the government in the economy and analyze and predict the effect of government measures (policies, taxes, etc.) on market prices and quantities, social welfare, and economic efficiency
• 7. Explain strategic behavior of market participants, such as cartelization and other forms of cooperative and noncooperative collaborative behavior and apply concepts such as dominating strategies to determine Nash Equilibria in small games

References

• 1. Industrial Economics by R. R Barthwal
• 2. Microeconomics by Pindyck and Rubinfeld
• 3. Modern Industrial Organization by Carlton and Perloff
• 4. Tirole, J. The Theory of Industrial Organization. (Cambridge, MA: MIT Press)

Outcomes

• Upon successful completion of this course, students will be able to-
• 1. Analyze economic data using various regression techniques depending on the nature of data
• 2. Perform statistical tests to investigate whether the classical assumptions in regression analysis are satisfied
• 3. Interpret & critically evaluate the outcomes of empirical analysis
• 4. Gain theoretical background for the standard methods used in empirical analyses
• 5. Read & understand journal articles that make use of the concepts and methods that are introduced in the course
• 6. To make use of econometric models in his/ her own academic works for example thesis, project papers etc.

References

• 1. Introductory Econometrics- A Modern Approach Jeffrey M. Wooldridge (2012)
• 2. Basic Econometrics Damodar Gujrati, Dawn Porter (2008), 5th Edition
• 3. Statistics David Freedman, Robert Pisani, Roger Purves (2007)

Outcomes

• On successful completion of the course, the students will be able to:
• 1. Describe and interpret the assumptions and structure of standard models of international trade theory and policy.
• 2. Analyze the linkages between trade, labor and capital movements, international fragmentation of production, economic well-being and the income distribution.
• 3. Identify and critically examine policy implications of the linkages between trade, labor and capital movements and the international fragmentation of production.
• 4. Apply equilibrium models to analyze the economic effects of policy interventions including tariffs, quotas, export subsidies, antidumping duties, countervailing duties and the creation of preferential trading agreements.
• 5. Describe and interpret how institution and policy affect international trade.
• 6. Provide students with the necessary tools that would be required to produce research in the respective field and how they might use it to address important trade policy questions.

References

• 1. Krugman, P. and Obstfeld, M. (1988), ‘’International Economics: Theory and Policy, 11th Edition, Addison Wesley, London
• 2. International Economics, 11th Edition, Dominick Salvatore, Fordham University
• 3. Feenstra, R. (2004), Advanced International Trade: Theory and Evidence, Princeton University Press
• 4. International Economics, 11th Edition, Dominick Salvatore, Fordham University

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References

• 1. M. Hoy, J. Livernois, C. McKenna, R. Rees, T. Stengos. Mathematics for Economists, The MIT Press, Third Edition.
• 2. Dowling, E T, (2001). Introduction to Mathematical Economics, Schaum’s Outline Series, McGraw-Hill, Third edition.
• 3. Carl Simon and Lawrence Blume, Mathematics for Economists, W.W.Norton, 1994

Outcomes

• 1. Gain an understanding of practitioner research principles;
• 2. Contribute to theory and address practical concerns;
• 3. Formulate research problems and/or hypotheses in a clear and concise fashion;
• 4. Demonstrate a systematic understanding of the range of advanced research.
• 5. Techniques, be able to critically evaluate these techniques and apply them appropriately;
• 6. Plan and carry out a practitioner research project;
• 7. Become aware of the various types of qualitative and quantitative research;
• 8. Collect quantitative and/or qualitative data;
• 9. Be able to explain practitioner research as an educational tradition;
• 10. Understand the implications of practitioner research;
• 11. Build a conceptual framework for practitioner research project;
• 12. Demonstrate a systematic understanding of research philosophy, appreciating alternative epistemological positions and their implications for theory development and research design, analysis (quantitative and or qualitative data) and interpretation;
• 13. Identify the range of channels for disseminating research and demonstrate the ability to communicate research findings effectively, both orally and in written form, to the social or business research and practitioner communities.

References

• 1. Research Methods Knowledge Base, William M.K. Torchim
• 2. Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (Fifth Edition)
• 3. Social Research Methods: Qualitative and Quantitative Approaches

Outcomes

• 1. Evaluate and interpret the labour market policies of governments, unions and other actors in the labour market;
• 2. Identify the actions of economic actors within the labour market, and identify various outcomes of the labour market, that are driven by economic incentives;
• 3. Critically analyse labour market quantitative research;
• 4. Synthesise information on different actors and outcomes across the various labour market topics;
• 5. Analyse labour market issues through the application of economic data and theories.

References

• 1. Labor Market Economics (Bruce E.Kaufman and Julie L.Hotchkiss)
• 2. Labor Economics (George J.Borjas)
• 3. Modern Labor Economics (Ronald G.Ehrenburg and Robert S.Smith)

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Outcomes

• 1. To have conceptual clarity of public expenditure and revenue theories;
• 2. To apply the principle of optimal taxation in analyzing various governments tax policies;
• 3. To know the application of public economics in analyzing various energy policies;
• 4. To comprehend various types of public goods and its real world application;
• 5. To apply and integrate Equity and Efficiency Economics principles to analyses Energy

References

• 1. Public Finance and Public Policy (Second Edition)- Arye L. Hillman
• 2. Public Finance in Theory And Practice (Second Edition)- Holley H.Ulbrich
• 3. Public Finance and Public Policy (Fifth Edition)- Jonathan Gruber

Outcomes

• 1. Skills: The student should be able to read and understand scientific papers representing the research frontier of microeconomic theory.
• 2. Knowledge outcomes: You will learn the fundamental methods and theories of microeconomics and be provided with the basic tools and concepts required to understand scientific papers at the research frontier of microeconomic theory. The course cannot bring you to the frontier of all topics within microeconomic theory but will give you enough knowledge to read papers on the frontier and thus be able to acquire knowledge of the frontier of most areas in microeconomics.

References

• 1. Varian, Hal (1992), Microeconomic Analysis, (3rd Edition), W. W. Norton & Company, New York
• 2. Mascollel, Whinston and Green (1995), Microeconomic Theory, Oxford University Press
• 3. Gravelle, H. and R. Reese (2004), Microeconomics, Pearson Education
• 4. Jehle, G. and P. Reny (2001), Advanced Microeconomic Theory, 2nd Edition, Pearson

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References

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Outcomes

• 1. Understand the nature and scope of econometrics as a social science.
• 2. Use statistical analysis, including the classical regression model, to estimate relevant economic parameters, predict economic outcomes, and test economic hypotheses using quantitative data.
• 3. Understand the basic assumptions of the classical linear regression model, and identify and correct (if possible) any violations of these assumptions, such as autocorrelation and Heteroscedasticity.
• 4. Develop and maintain a working knowledge of econometrics that will provide a basic foundation for future study in econometrics and statistical techniques.

References

• 1. Damodar Gujarati, Dawn Porter - Basic Econometrics-McGraw-Hill Education (2008), 5th edition.
• 2. Wooldridge, Jeffrey M. 2005. Introductory Econometrics: A Modern Approach, 3rd edition, South-Western College Pub.
• 3. Statistics, by David Freedman, Robert Pisani, and Roger Purves (W.W.Norton & Company, 4th Edition, ISBN-10: 0393929728).

Outcomes

• On successful completion of the course, the students will be able to:
• 1. Describe and interpret the assumptions and structure of standard models of international trade theory and policy.
• 2. Analyze the linkages between trade, labor and capital movements, international fragmentation of production, economic well-being and the income distribution.
• 3. Identify and critically examine policy implications of the linkages between trade, labor and capital movements and the international fragmentation of production.
• 4. Apply equilibrium models to analyze the economic effects of policy interventions including tariffs, quotas, export subsidies, antidumping duties, countervailing duties and the creation of preferential trading agreements.
• 5. Describe and interpret how institution and policy affect international trade.
• 6. Provide students with the necessary tools that would be required to produce research in the respective field and how they might use it to address important trade policy questions.

References

• 1. Feenstra, R. (2004), Advanced International Trae: Theory and Evidence, Princeton University Press
• 2. Krugman, P. and Obstfeld, M. (1988), ‘’International Economics: Theory and Policy, Latest Edition, Addison Wesley, London
• 3. Markusen, et al. (2000), International Trade: Theory and Practice, McGraw-Hill, Inc

Outcomes

• On completion of this course, the student will be able to have: 1. Knowledge and understanding of key concepts, issues and models of Health Economics, along with empirical evidence on and policy implications of those models and a deeper understanding of recent research activity. 2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. 3. Examine a theoretical model of the production of health. 4. Present and appraise the Grossman model of the demand for health. 5. Apply the theory of market failure to the finance and provision of health care. 6. Examine the market for health insurance. 7. Discuss the issue of equity as it relates to heath and heath care. 8. Describe and critique the technique of health economic evaluation. 9. Discuss the role of economic evaluation in health care decision making. 10. Define value for money or cost effectiveness in the health economic context. 11. Discuss new and emerging topics in the field of health economics.

References

• 1. Folland, S., Goodman, A. C., & Stano, M. (2007).The Economics of Health and Health Care. Upper Saddle River, NJ: Pearson Prentice Hall.
• 2. Drummond, M. F., Sculpher, M. J., Claxton, K., Stoddart, G. L., & Torrance, G. W. (2015). Methods for the economic evaluation of health care programmes. Oxford university press.

Outcomes

• 1. Describe the main concepts used to explain the central elements of the historical development of the global economy.
• 2. Identify how economic ideas and theories have informed economic policy.
• 3. Identify and analyse historical developments which enhance our understanding of contemporary economic conditions.
• 4. Compile and judge relevant quantitative and qualitative information about the global economy in a range of formats from a variety of sources.
• 5. Discuss and communicate, in particular present, economic topics in a clear, concise and competent manner.

References

• 1. Burkitt Brian, Radical Political Economy: An Introduction to the alternative Economics.
• 2. Barkat, A., On Asiatic Mode of Production (in Dhaka University Studies: VisvaVidyalayaPatriaka, Vol. XXII, June 1985; XXVI, October 1986; Vol. XXVII, February 1987).
• 3. Marx K., Contribution of the Critique of political Economy (Preface).
• 4. Marx K., Pre Capitalist Economic Formations (GRUNDRISSE).
• 5. Barkat, A., Development of Capitalism in USA (in Dhaka University Studies: Dhaka VisvaVidyalayaPatrika, Vol. XXIX February 1986).

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• 1. Explain how competitive markets organise the allocation of scarce resources and the distribution of goods and services
• 2. Assess the efficiency of markets and describe the various factors that might impact on efficiency
• 3. Distinguish between the various forms of market failure and explain how governments might need to intervene
• 4. Describe the various types of markets and compare their efficiency
• 5. Recognise government failure and explain why government policy might fail
• 6. Relate the basic economic theory and principles to current microeconomic issues and evaluate related public policy
• 7. Use economic models to analyse a situation in terms of economics
• 8. Interpret charts, graphs, and tables and use the information to make informed judgments
• 9. Work and learn independently and with others
• 10. Communicate their knowledge and understanding of economic issues using written, verbal and visual expression
• 11. Evaluate outcomes based on the costs and benefits involved
• 12. Understand the broader social consequences of economic decisions making

References

• 1. Principles of Microeconomics. Karl Case, Ray Fair, Sharon Oster, 12th Edition. 2016

Outcomes

• 1. Classify various types of data
• 2. Employ a variety of statistical techniques, both descriptive and inferential
• 3. Interpret the application and outcomes of statistical techniques
• 4. Express data in both tabulation and graphical method
• 5. Apply descriptive statistics such as measures of central tendency, variability, and the association between two variables Understand probability concepts, distributions and probability rules. Calculate the expected value and variance of any random variable

References

• 1. Anderson, D. R., Sweeney, D. J., Williams, T. A., Freeman, J. and Shoesmith, E. (2006). Statistics for Business and Economics, Cengage Learning
• 2. Jain, D. and Jhunjhunwala, B. (2006). Business Statistics, Tata Mgraw Hill
• 3. Gupta, S. P., and Gupta, M. P. (2005). Business Statistics, Sultan Chand, and Sons
• 4. Islam M. N., An Introduction to Statistics and Probability, Mullick& Brothers
• 5. Newbold, P., Carlson, W. L. and Thorne, B. (2006). Statistics for Business and Economics, Prentice Hall

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• On completion of this course the students will be able to:
• 1. Know how the main macroeconomic variables (GDP, CPI, inflation rate, unemployment rate) are measured and their meaning as well.
• 2. Learn about the key concepts of economic growth and determinants of productivity.
• 3. Understand the concept of unemployment and why it arises and its significance to the economy. The student should also know about the he role of collective bargaining in determining wage and employments.
• 4. Study the basic elements of the financial system and comprehend the relationships between saving, investment and real interest rates and effects of different policies on them.
• 5. Recognize the fundamentals of the monetary system and the functions of the Central Bank and understand the relationship between the price level, inflation and other nominal variables.
• 6. Understand the Keynesian Cross and be able to use it for elementary policy analysis (monetary and fiscal policies).
• 7. Learn the basic AD-AS model and be able to use it for simple policy analysis
• 8. Know the basic concepts of an open economy and its key variables (exchange rates, net foreign investment, and trade balance).
• 9. Learn what International Trade is all about and its importance in the present world, study the flow of goods between countries and discuss the costs of protectionism.

References

• 1. Principle of Macroeconomics, Gregory Mankiw, 8th Edition, the Dryden Press.
• 2. Principles of Economics, Karl E. Case, Ray C. Fair and Sharon M. Oster, Ninth Edition, Prentice Hall.
• * Reference of supplementary study materials will be provided in respective classes.

Outcomes

• 1. Apply the central limit theorem and its implications.
• 2. Construct and interpret interval estimations.
• 3. Test various hypotheses to make statistical inferences.
• 4. Employ the concept of hypothesis testing with interval estimations.
• 5. Understand simple linear regression models using different methods.
• 6. Understand probability concepts, distributions and probability rules.
• 7. Analyze discrete and continuous probability distributions for business and economic problems.
• 8. Practice the index number concept for different methods.

References

• 1. Anderson, D. R., Sweeney, D. J., Williams, T. A., Freeman, J. and Shoesmith, E. (2006). Statistics for Business and Economics, Cengage Learning
• 2. Islam M. N., An Introduction to Statistics and Probability, Mullick & Brothers.
• 3. Newbold, P., Carlson, W. L. and Thorne, B. (2006). Statistics for Business and Economics, Prentice Hall

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• Microeconomics is the study of rational choice behavior on the part of individual consumers and firms. In general, economists are interested in how market mechanisms solve extremely complex resource allocation problems. This course presents a logical and coherent framework in which to organize observed economic phenomena. Several economic "models" are developed and analyzed in order to help explain and predict a wide variety of economic (and sometimes, seemingly non-economic) phenomena. Microeconomic theory is based on the notion that individuals (and firms) have well defined objectives (such as maximizing utility or profits) and behave systematically according to the incentives and constraints of their economic environment. It is this framework which allows the economist to gain a fundamental understanding of the choices people make in an economic setting.

References

• 1. Varian, Hal R. (2014), Intermediate Microeconomics: A Modern Approach, Ninth Edition, Norton, W. W. & Company, Inc.
• 2. Nicholson, W., Snyder, C., Luke, P. and Wood, M. (2008), Intermediate Microeconomics, Ninth Edition, Cengage Learning.
• 3. Pindyck, R.S. and Rubinfield, D.L. (2013), Microeconomics, Prentice Hall.
• 4. Paul A. Samuelson, Economics, 18th edition

Outcomes

• At the end of this course, students will be able: • To demonstrate knowledge of macroeconomic concepts by explaining them using appropriate terminology • To demonstrate knowledge of macroeconomic theories by analyzing their assumptions and differences • To demonstrate understanding of macroeconomic models by describing relationships among macroeconomic variables • To demonstrate knowledge and understanding of current macroeconomic problems by applying theories to concrete case

References

• 1. Taslim, M. A. & Chowdhury, A. (1995). Macroeconomic Analysis. Prentice Hall.
• 2. Iqbal, K. & Hasib, A. B. Introduction to Macroeconomics [With Application to Bangladesh Economy].
• 3. Blanchard, O. (2017). Macroeconomics (7th edition). Pearson.

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References

• 1. Mahbub Hossain and Rushidan Islam Rahman: Bangladesher Krishi Grameen Unnayan (Development of agricultural and Villages in Bangladesh).
• 2. Colman and Young: Principles of Agricultural Economics
• 3. T. W. Schultz: Economic Organization of Agriculture.
• 4. Ghatak and Ingersent: Agricultural and Economic Development.
• 5. Heady: Economics of Agricultural Production and Resource Use
• 6. Darren Warriener: Land Reforms in Principle and Practice
• 7. G. S. Shephard: Agriculture Price, Analysis