DEPARTMENT OF ECONOMICS

ISLAMIC UNIVERSITY
KUSHTIA

CURRICULUM
BACHELOR OF SOCIAL SCIENCE (BSS) IN ECONOMICS
SESSION: 2018-2019

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 Department of Economics, Faculty of Social Science

Islamic University, Kushtia-Jhenaidah

B.S.S.(Hons.) CURRICULUM

Vision of the Department:

To develop outstanding Economics (both honours and master level) programme that are
recognized for excellence in instruction, research, and service.
Mission of the Department:
The Economics Program helps students think critically about the economic issues they
confront in their daily lives and develop a commitment to be actively engaged with policy
issues in local, national, and global communities.

1. The Title of the Degree Program: Bachelor of Social Science (Honours)-B.S.S.

(Honours) in Economics.

2. Vision of the Programme:

To create an internationally recognized acedemic environment of learning, foundation of

knowledge and its augmentation, and of practice which will prepare students to face the
challenges and opportunities of Bangladesh and the global economy of the 21st century.

3. Mission of the Programme:

The programme wishes to provide the students:

First, skills and tools needed to enable them to be successful in their chosen careers and to
prepare them for advanced studies as well as other chosen careers.

Second, an environment that will enable them to maintain an active and diverse research
agenda.

Third, through service, aim to foster collegiality, community and outreach, from within the
University and beyond.

4. Programme Objectives:

This program is designed to impart knowledge and develop the skills required to produce
ethical professionals in the fast-growing field of Economics. The program promotes critical
and analytical thinking, decision making and problem-solving skills.
The specific objectives of the Programme are:

• to provide our students with appropriate analytical skills to lay the groundwork for
lifelong learning;

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 • to enable our students to become policy-literate and thus be more informed as
citizens;
• to encourage the use of experiential learning, including cooperative education, as a
means to introduce students to the world of work, reinforce classroom teaching, and
assist in the development and advancement of career goals;
• to prepare our students for successful careers as applied economists; and
• to prepare our undergraduate students for graduate training in economics and related
discipline.

5. Learning Outcomes (Cognitive, Affective and Phychomotor):

At the completion of the program, students are expected to:

• understand how to use empirical evidence to evaluate the validity of an economic

argument,
• use econometric methodology, interpret results of econometric models and conduct
appropriate statistical analysis of data to answer a research question,
• solve economic models mathematically and provide intuitive explanations of the
results.
• develop a sophisticated understanding of the theoretical, analytical, and
methodological approaches used within the discipline of microeconomics and related
fields,
• carry out economic and policy analyses that draw on microeconomic theory,
• apply economic analysis to everyday problems in real world situations, to understand
current events and evaluate specific policy proposals.
• formulate researchable economics questions in an independent manner,
• develop research projects and contribute to research activities of a team,
• locate and evaluate relevant sources for a research project in a critical manner,
• develop research projects through which they are able to use complex statistical
techniques to analyze a wide-range of outcomes,
• be committed to the ethical conduct of research and professional activities.
• communicate effectively in written, oral and graphical form about specific issues and
to formulate well-organized written arguments that state assumptions and hypotheses
supported by evidence,
• disseminate research results in a clear and coherent manner to other researchers,
employers, coworkers, and to the general public,
• contribute to the intellectual community and be able to critically analyze and evaluate
one’s own, as well as others’ findings and give effective and constructive feedback to
others.

6. Generic Skills:

On successful completion of Bachelor of Social Science in Economics at Islamic University,

Graduates will possess the following attributes

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 • a specialised understanding of economics (including its distinctive methods,
questions, contribution, context and debates)
• an ability to think logically and critically in a wide variety of contexts using
established methods of economics
• an ability to analyze or elucidate economic, business and social issues.
• an ability to communicate both oral and written in all spheres of life.
• ablility to analyze and understand ongoing economic processes in macro and micro
spheres, assess theoretical and practical issues at different levels of national economy
in state and local administration, in public and private institutions, in the field of
international economic relations.
• an ability to work at different positions in state and local administration, financial
institutions, as well as independent enterprises.
• an ability to organise, interpret and present quantitative data.
• an understanding of the various kinds of value, and an ability to make rational and
ethical decisions in personal and professional contexts, and as an engaged citizen
• an ability to engage in original and ethical research in economics under close
supervision

7. Curriculum Structure:

Sl. Course Components Credit

No.
1. Advanced Course on Mathematics 6
2. Course on Statistics 6
3. Course on Computer Applications 3
4. Departmental Core Courses 72
5. Courses on Major Area of Specialization 18
6. Courses on Minor Area of Specialization 15
7. Viva-Voce/Thesis 8
Total Credit Requirement for B.S.S(Hons.) Economics 128

8. MEDIUM OF INSTRACTION AND ANSWER

The medium of instruction and answer in the examination for the departmental courses
shall be Bengali / English / Arabic and for the allied / related courses Bengali /English /
Arabic. The Academic committee will have the option to decide what will be the medium
of instruction and shall be either English or Bengali.

9. DURATION OF THE PROGRAM AND EXAMINATION

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9.1 The duration of BA/BSS program shall be 4 (four) academic years. Each academic year is
divided into two semesters: First semester and Second semester. Every semester will
consist of 18(eighteen) weeks of which 13 (thirteen) weeks for class teaching at least 1
(one) week break and 4 (four) weeks for holding the semester end final be examination
for each there will be 3 (threes) 60 minutes each in every week & minimum 6 hours
tutorial/ open academic discussion in every semester and thus a total of 45 hours of class
work (lectures) in a 13-week period.

9.2 Students shall sit for the oral examination (viva-voce) at the end of each semester.

10. DISTRIBUTION OF COURSES MARKS AND CREDIT HOURS

10.1 The BA/BSS Program consists of 40 credit courses and one non-credit course. Out of 40
credit courses 32 shall be departmental and 08 course shall be related/ allied. The related or
allied courses would be selected by the relevant committee of course. The program shall be of
128 credit and evaluated on the basis of 4400 total out of marks for Oral Examination (Viva-
voce).

10.2 40 Course units and a total of 4400 marks will be distributed as under:

Year First Second Total Marks Viva-voce Total

Semester Semester Courses Marks

1st Year 5 5 10 1000 100 1100

(50+50)

2nd Year 5 5 10 1000 100 1100

(50+50)

3rd Year 5 5 10 1000 100 1100

(50+50)

4th Year 5 5 10 1000 100 1100

(50+50)

Grand 40 4000 400 4400

Total

10.3 In addition to the above 40 credit course, one-noncredit university course (Islamic
studies/Bangladesh studies; Islamic studies for Muslim students coming from general

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 education stream and Bangladesh studies for Non-Muslim students and Muslim students
coming from Madrassah stream) must be completed by the second year. In the non-credit
course a student will have to obtain minimum 50 marks out of the total 100 marks.

10.4 The total number of credit hours of BA/BSS programs shall be as follows:

Total Numbers of courses = 40

Credit per Course = 03
Total Credits for the Courses (40 × 3) = 120
Credit for Oral Examination (Viva-Voce) = 8
Total Credits of the Program (120+8) = 128
(Note: One Credit means equivalent text of lecture / effective contact/ academic task of

15 hours)

11. EVALUATION and RESULT PUBLICATION

11.1 Evaluation:

11.1.1 Performance of students in a course will be evaluated as under:

Nature of Examination Marks

Internal Evaluation Three Tutorial/ In-course test/ 25

Class performance/
Participation/Quiz/
Assignment/Class test without
notice: 3*05 = 15

Class Attendance = 10

Semester-end Final Examination 75

Total 100

11.1.2. The marks for internal evaluation shall be given on the basis of 3-incourse

tests and class attendance during semester.

11.1.3. A student will not be allowed to appear at the examination of a course if

his/her class attendance in the course is less than 50%.

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 11.1.4. There will be a semester-end final examination. The duration of the semester-
end final examination of each course shall be of 4 hours. A student shall answer 5 question
out of 8 and each question will carry 15 marks.

11.1.5 Total marks obtained in each course and viva-voce Examination shall be
converted into LG (Letter Grade) and GP (Grade Point) as under:

Numerical Grade Letter Grade Grade Point Interpretation

80% and above A + ( A plus) 4.00 Outstanding
75% to less than 80% A (A regular) 3.75 Excellent
70% to less than 75% A ( A minus) 3.50 Very Good
65% to less than 70% B ( B plus) 3.25 Good
60% to less than 65% B ( B regular) 3.00 Satisfactory
55% to less than 60% B- (B Minus) 2.75 Below Satisfactory
50% to less than 55% C + (C Plus) 2.50 Average
45% to less than 50% C (C Regular) 2.25 Below Average
40% to less than 45% D 2.00 Poor
Less than 40% F 0 Fail
A student securing less than letter grade C+ (GP 2.5) in viva-voce examination shall
have no credit i.e, this marks will not be counted while determining his/her results.

11.2 RESULT PUBLICATION:

11.2.1 The following information shall be shown in the tabulation sheet:

a) The semester-end result: Internal evaluation and total marks, individual LG and
GP in each course.

b) 1st Year result: Internal evaluation, written & total marks individual LG and GP
in each course, point secured, GPA, LG and EC.

c) 2nd and 3rd year result: Internal evaluation, written & Total Marks, Individual
LG and GP in each course, point secured, GPA, AGPA, LG and EC.

d) The Final semester result (after the completion of the program) Internal
evaluation, written & total marks, the individual LG & GP in each course, viva-voce
marks with corresponding LG&GP, total points secured, CGPA, EC, LG and
interpretation.

The semester-end/ final result sheets, which will be published for the students, will
not show the numerical marks i.e., show the LG, GP, in each course, GPA, AGPA,
and CGPA (where necessary). The EC, GPA and CGPA will be calculated using

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 the formula as shown in appendix-A of this Ordinance. The elaboration of the
abbreviations is: LG= Letter Grade; GP= Grade Point; GPA= Grade Point Average;
AGPA= Accumulated Grade Point Average; CGPA= Cumulative Grade Point
Average; EC= Earned Credit)

12. PROMOTION

12.1 From first year to second year

For promotion from 1st year to 2nd year, a student is required to earn a minimum GPA
of 2.00 (except viva-voce) in each of 1st and 2nd semester examinations.

12.2 From second year to third year:

For promotion from 2nd year to 3rd year, a student is required to earn a minimum
AGPA of 2.25 (except viva-voce) up to 4th semester examination.

A student must complete the non-credit university course (Islamic Studies/Bangladesh

Studies) by the 2nd year and earn a minimum letter grade of C+ (GP 2.5) Otherwise.
he /She shall not be promoted from 2nd year to 3nd year.

12.3 From 2nd year to 4th year: For promotion from 3rd to 4th year; a student is
required to earn a minimum AGPA of 2.5 (except viva-voce) up to 6th semester
examination.

12.4 A student failing to clear up University / Department at dues of the year of

study shall not be promoted to next.

13. EXAMINATION ENTRY REQUIREMENTS:

13.1: A student shall have to attend 75% of classes held in a course. The Academic
committee of the Department may recommend of shortage of attendance (not below
50%) for consideration. A candidate taking his/her examination under the benefit of
this provision (from 50% to 75%) shall have to pay TK, 1000/= for each course as
non-collegiate fee.

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 13.2: Each course teacher shall submit the class attendance report along with the
register/documents to the chairman of the department at least 10 days before
processing the examination entry from.

13.3: Student failing to clear up the Hall / Department /University dues of the year of
study shall not be permitted to appear at that year’s second semester examination.

13.4: A student is required to fill-up send the examination entry form. He / She is
also required to pay University dues within the time specified by the department for
taking each semester-end final examination. The chairman of the department will
send these examination entry forms to the controller of examinations through the
Provost of concerned Hall by much earlier dates, to fixed by the authorities.

14. RETAKING EXAMINATION AND IMPROVING GRADES

14.1 After publishing the final result of BA or BSS program, a student who has failed
to earn 128 credits is required to improve the F grade(s) in each course including viva-
voce for earning 128 credits successfully.

14.2: The student who has obtained the letter grade of B-/or blew (less than CGPA
3.00) is permitted to retake the examination as irregular candidate for improving the
grades in the course excluding viva-voce (from 1st year to 4th year ) in which he/she
gets the letter grade of B- or blow, To retake the examination, a student is required to
pay tk. 1000/= for each course as examination fee and send the application to the
Controller of Examinations through the chairman of the department within 20 days
from the data of publication of the result of BA/BSS Program, If a Student fails to
improve his/her CGPA, their Previous, CGPA will remain valid.

14.3 No improvement shall be allowed in internal evaluation in course/assign-

ment/practical/case study/ term paper/quiz tests examinations.

14.4 If a candidate fails to attend the grade improvement examination (held for
respective session), he/she shall not be given further chance to improve.

14.5 The relevant 4th year examination committee will conduct and complete the
grade improvement examination within 3 months after the publication of the result.

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15. READMISSION

15.1 If a student fails to appear at the 1st /2nd semester final examination due to
shortage of required percentage of attendance, fails to pay the dues owing to some
unavoidable circumstances or is expelled from the university, for any reason as the
case may be, he/she shall have to get himself/ herself re-admitted to the subsequent
batch.

15.2 If a student fails to get the requisite grade points for promotion (according to
clause 08) from one year to the next year he/she may seek readmission with the
subsequent batch. For readmission, a student shall have to apply immediately
(maximum within 15 days) after the announcement of the result of the concerned
year.

15.3 On readmission, grades earlier earned by a student in any year shall be

cancelled automatically and the student shall have to retake all the course-work
(such as in course/practical/quiz test, viva-voce and final examination.

15.4 Readmission in any year shall be allowed only once and a student will not get
chance for re-admission more than twice, during the entire program, A student must
complete the BSS program within a maximum period of six academic years from
the original admission year.

16. DROP OUT

16.1: After taking, readmission in year if a student fails to earn the yearly GPA for
promotion from one year to the next year shall be dropped out of the program.

16.2: If a student fails to earn the CGPA of 2.5 or earn 126 credit successfully in grade
improvement examination (according to clause 11.d) shall be dropped out from
the BA/BSS program.

17. CREDIT TRANSFER

No credit transfer from any other programs/ Universities/ Institutions is allowed for
BA/BSS program.

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 18. ACADEMIC ADMINISTRATION

18.1: The academic Calendar showing dates for beginning and ending classes
commencement of examinations and probable date for publication of the results
shall be published by the respective departmental academic committee before
commencement of each semester. The copy shall be sent to the Dean of the Faculty
Controller of Examinations and the respective university authority.

18.2 The chairman of the examination committee will start tabulation work after
receiving all the marks of the examination. Modification of submitted marks shall
not be accepted. The answer scripts, which will be examined by the 3rd examiner.
shall be sorted out by the internal members of the examination committee.

18.3 Within the framework of these rules and the rules of the university, the
departmental academic committee may adopt policies for strengthening the
academic and non-academic activities of the Department.

19. Degree Requirements:

For the B.S.S (honours) in Economics degree, each student requires:

i. successful completion of 40 full credit courses of total 128 credit hours;

ii. successful completion of one non-credit course known as university course subject to
obtain pass marks (50%) in the non-credit course within early two yearly
examinations;
iii. to earn a minimum cumulative grade point average (CGPA) of 2.5;

iv. to obtain a minimum Letter Grade of C+ (GP-2.5) in the 4 (four) viva-voce

examinations in 4 (four) academic years;

v. to complete the program in maximum of six consecutive academic years from the
first admission into the program.

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20. Recommended Courses and Marks Distribution:

Year-wise Distribution of Courses and Marks:

Year No of
Courses Marks Distribution
Written Internal Viva Total
Evaluation

1st Year 10 10 x 75 = 750 10 x 25 = 250 100 1100

2nd year 10 10 x 75 = 750 10 x 25 = 250 100 1100

3rd year 10 10 x 75 = 750 10 x 25 = 250 100 1100

4th year 10 10 x 75 = 750 10 x 25 = 250 100 1100

Total 40 32x 80 =3000 1000 400 4400

Note: In addition, there will be two non-credit courses of 100 marks each, one for the
students coming from College streams (Course: 1206: Islamic Studies) and another for the
students coming from Madrasha streams and Non-Muslim students (Course:1207:
Bangladesh Studies). Students are required to obtain pass marks (50%) in the non-credit
course within early two-yearly examinations. A student will not be promoted to third year
class unless he/she clears up the non-credit course.

21. Assessment and Evaluation

The following is the assessment system for Bachelor of Social Science (Honours) program of
Islamic University as per Examination Rules and Regulation:
21.1 A Student for the Degree of Bachelor of Social Science (Honours) in Economics
Program is required to satisfactorily earn 128 credit completing 40 full credit courses and one
non-credit course and taking viva-voce examination.
22. Distribution of Marks of Each Course:
Each course offered should be composed of 100 marks. The proportion of the total marks of a
particular course shall be distributed as follows:

Sl. No. Nature of Examination Marks

i. Internal Evaluation 25
ii. Year-end Final Examination 75
iii. Total 100

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 22.1 Duration of Written Examination: The duration of written examination (80 marks)
of each course shall be of 4 (four) hours. A student will answer 5 (five) questions out of 8
(eight) and each question will carry 16 marks.

22.2 Internal Evaluation: Marks allocated for internal evaluation (25 marks) shall be
distributed as follows:
Sl. No. Nature of Examination Marks
i. Two In-course/Tutorial/Mid-term test (5*2) 10
ii. Class Performance/Participation/Case study/ 05
Quiz/Assignment/Class test without notice
iii. Class Attendance 10
iv. Total 25

22.3 Class Attendance: The marks allocated for class attendance shall be given as following
proportion:
Sl. No. Attendance Marks

i. 90% and above 5

ii. 80% to 89% 4

iii. 70% to 79% 3

iv. 60% to 69% 2

v. Less than 60% 0

23. Class Attendance Requirements to Appear in the Final Examination:

23.1 A student shall have to attend 75% of classes held in a course. If class attendance of any
student at any course is below 60%, but in the range of 50% to 59%, she/he will be allowed
to attend the examination only with the recommendation of the course teacher and the
approval of the Academic Committee of the department. In such case the student will have to
pay a fine as fixed by the authority/department.

23.2 A student with class attendance of less than 50% in any course will be debarred from
appearing in the final examination.

24. Years Required for Completing B.S.S. (Honours) Program:

A student admitted into the B. S. S. (Honours) in economics, he/she has to complete his/her
total courses within 6(six) years from his/her first admission into the University.

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25. Course Schedule:

Curricula Lay-out for B.S.S.(Hons.) Economics Degree

First Year

First Semester
Course No. Course Title Credit
EC – 1101 Principles of Microeconomics 03
EC – 1102 Mathematics for Economics–I 03
EC – 1103 Statistics for Economics-I 03
EC – 1104 Basic Sociology 03
EC – 1105 Introduction to Computer 03
Viva- Voce 01
Total Credit 16
Second Semester
Course No. Course Title Credit
EC – 1201 Principle of Macroeconomics 03
EC – 1202 Basics in Business 03
EC – 1203 Bangladesh Economy -I 03
EC – 1204 Agricultural Economics 03
EC – 1205 Government and Politics 03
EC – 1206 Islamic Studies (UC-NC) -
EC – 1207 Bangladesh Studies (UC-NC) -
Viva-Voce 01
Total Credit 16

Second Year

First Semester
Course No. Course Title Credit
EC –2101 Intermediate Microeconomics 03
EC – 2102 Mathematics for Economics – II 03
EC – 2103 Statistics for Economics – II 03
EC – 2104 Money, Banking and Finance 03
EC – 2105 Poverty and Microfinance 03
Viva-Voce 01
Total Credit 16
Second Semester
EC-- 2201 Intermediate Macroeconomics 03
EC-- 2202 Human Resource Management 03
EC – 2203 Patterns of Economic Development 03
EC – 2204 Economic Planning 03
EC – 2205 Resources Economics 03
Viva-Voce 01
Total Credit 16

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 Third Year

First Semester
Course No. Course Title Credit
EC – 3101 Microeconomics 03
EC – 3102 International Economics I 03
EC – 3103 Labor Economics 03
EC – 3104 Public Finance 03
EC – 3105 Environmental Economics 03
Viva-Voce 01
Total Credit 16

Second Semester
Course No. Course Title Credit
EC – 3201 Macroeconomics 03
EC – 3202 Development Economics 03
EC –3203 Population Economics 03
EC – 3204 Industrial Economics 03
EC – 3205 Financial Economics 03
Viva-Voce 01
Total Credit 16

Fourth Year

First Semester
Course No. Course Title Credit
EC –4101 Rural and Urban Economics 03
EC –4102 Development Institutions and Policies 03
EC –4103 Econometrics-I 03
EC- 4104 Research Methodology 03
EC- 4105 Project Analysis 03
Viva-Voce 01
Total Credit 16
Second Semester
Course No. Course Title Credit
EC-4201 History of Economic Thought 03
EC-4202 Bangladesh Economy-II 03
EC-4203 Econometrics-II 03
EC-4204 Health Economics 03
EC-4205 International Economics II 03
Viva-Voce 01
Total Credit 16
Total Credit (Ist Year-4th Year) 128

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8. Teaching Strategy:

Lecture, Multimedia Presentation, Case Study, Discussion, Field and Lab work etc.
9. Assessment Strategy:

Question Answer, Tutorial, Class Test, Assignment, Quit Test without notice,
Presentation

10. Course Profile: (For 42 courses):

FIRST YEAR: FIRST SEMESTER

Course Code and Title: EC-1101: Principles of Microeconomics

Full Marks: 100, Credit Hours: 03

A. Rationale:
The course is designed to make the beginners oriented with the basic microeconomic
tools to be used in courses at advanced courses.

B. Course Objectives: The course introduces the student to basic concepts and issues of
microeconomics. It deals with the behavior of individuals and firms in making
decisions on the allocation of limited resources. Microeconomics examines how these
decisions and behaviors affect the supply and demand for goods and services, which
determines prices, and how prices, in turn, determine the quantity supplied and
quantity demanded of goods and services. Upon successful completion of the course
students will-
i) understand the basic issues of microeconomics;
ii) be able to develop their ability to understand economic relationship;
iii) learn to analyze current economic problems, particularly as they relate to the behavior
of firms and individuals within a market economy;
iv) be able to understand how the market forces of supply and demand cause prices to be
what they are;
v) understand the efficiency and equity implications of alternative market structures.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Gather basic knowledge regarding concepts used in microeconomics and the
theories developed through using these concepts.
• Understand and analyze the nature of consumer and producer behavior.

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 • Demonstrate how buyers and sellers interact in the market to settle equilibrium
price and quantity.
• Evaluate the determinants of production decision of the producers.
• Analyze real life happenings in the sphere of microeconomics, on the basis of
acquired theoretical knowledge.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit Test
without notice, Presentation

F. Course Contents:
Unit Contents

Basic
01 Concepts of Microeconomics: Concept of Microeconomics & Macroeconomics,
Microeconomic variables and Macroeconomic variables, Types of Microeconomic
Analysis, Positive and normative Analysis, Concepts of Goods and Services, Concepts
of scarcity, Choice, Opportunity cost and production possibility curves.
02 Demand, Supply, and Elasticity of Demand: Concepts of Demand and Supply,
Determinants of Demand and Supply, Shifts in Demand and Supply Curves, The
Application of Demand and Supply, Equilibrium of Demand and Supply, Changes of
Equilibrium of Demand and Supply, Concepts of Elasticity: Price Elasticity of Demand,
Income Elasticity of Demand, Cross Elasticity of Demand, Calculation of Price
Elasticity, Income Elasticity, Arc Elasticity & Point Elasticity of Demand.
03 Theory of Consumer Behavior: Concept of Utility, Cardinal Utility Approach (The
Marshallian Analysis), The Law of Diminishing Marginal Utility, Ordinal Utility
Approach (The Indifference Curve Approach), Indifference Curve, Marginal Rate of
Substitution, Properties of Indifference Curve, Budget Line, Equilibrium of Consumer,
Consumer Optimum Decision- Income and Substitution Effect of Price Changes,
Derivation of Demand Curve from Consumer’s Optimum Decision.
04 Theory of Production: Concept of Production, Factors of Production, Production
Function, The Relationship between Total, Average and Marginal Products, Law of
Variable Proportion, Iso-quant, Marginal Rate of Technical Substitutions (MRTS),
Returns to Scale, Choice of Techniques, Optimum Combination of Inputs and
Expansion Path.
Theory of Costs: Implicit and Explicit Cost, Fixed and Variable Costs, Average, Total
and Marginal Costs, The Relationship Among the Different Costs, Concepts of Short-
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run and Long-run Costs, Internal and External Economies of Scale, Short-run and
Long-run Cost Curves, Least Cost Combinations of the Factors of Production.
06 Theory of Firms: Perfect Competition-Short-run and Long run Equilibrium of the
Firms and Industry, Shut-down Position of the Firm.
Monopoly-Definition and Reasons for Emergence, Short-run and Long run

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 Equilibrium of the Firms, Comparison between Perfect Competition and Monopoly,
Price Discriminating Monopoly.
G. Books Recommended:
1. Samuelson, A. Paul and Nordhaus : Economics
2. A Koutsoyiannis : Modern Microeconomics.
3. G.S. Maddala and Miller : Microeconomics - Theory and Application.
4. Pindyck and Rubinfeld : Microeconomics.
5. D. Salvator : Theory and Problems of Microeconomics.
6. G. Mankiw : Principles of Economics

7. Md. Maqbul Hossain, ATM Rezaul Hoque and Anup Kumar Mandal: Principles of
Economics

Course Code and Title: EC-1102: Mathematics for Economics-I

Full Marks:100 Credit Hours: 03

A. Rationale:
This course is an introduction to mathematics applied to economics. The course intends to
familiarize students with the basic mathematical methods that are indispensable for
understanding and analyzing economic issues. It covers basic mathematical concepts like
number system, variables, constants, inequalities, equations, progression, elementary set
theory, function and its types, elementary geometry, differential calculus and it application
in economics, integration and application of integration in economics.
B. Course Objectives: The course introduces the students to basic mathematical
concepts largely used in economics. Upon successful completion of the course the students
will-
i) understand the basic mathematical concepts & methods used in economics;
ii) be able to demonstrate the economic ideas in mathematical approach;
iii) learn to apply the mathematical tools and concepts to economic model.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• Build up the relationship among economic variables through mathematical
modeling.
• Demonstrate economic relationship between variables.
• Develop skills for simulating economic theories for exploring the policy impacts.
• Apply the optimization techniques for exploring the optimum solutions for
economic decisions.
• Understand the needs of mathematics in economics and demonstrate the basic
algebra and set theories, equation, function and relation and their application in
economics.
• Sketch graphs of linear, quadratic, cubic, exponential and logarithmic functions.
• Evaluate the rules of differentiation and their application in economic optimization
problem.
D. Teaching Strategy: Lecture, Multimedia Systems, Presentation, Case Study,
Discussion

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 E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz
Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Introduction: Mathematical versus Non-mathematical economics, Role of

Mathematics in Economics, Some Basic Concepts, Number System, Variables,
Constants, Parameters, Laws of Indices, Inequalities and Equations.

02 Function and Graph: Concept of Function, Its Classification and Types, the Graphs of
Functions, Linear, Quadratic and Cubic Functions, Market Equilibrium and its
Solutions, Linear and Non-linear Models.

03 Operations of Set Theory: Sets, Relationship between Sets, Basic Set operation, Laws
of Set operations, Convex and Concave Sets, Bounded and Unbounded Sets.

04 Elementary Geometry: Distance between two points, the gradient of a straight line,
Equations of a straight line, Circle, Parabola, Solution of Equation by Graphs, Some
Applications.

05 Progression, Permutation and Combination: Arithmetic Progression, Geometric

Progressions, Divergent and Convergent series, Sum of arithmetic and geometric
progressions, Permutation and Combination.

06 Exponential and Logarithmic Function: Nature of Logarithmic and Exponential

Functions, Derivatives of such functions, The Number, Uses of Logarithmic and
Exponential Function in Economics.

07 Differential Calculus: Differentiation of Function of One Variable, Differentiation of

Function of Two or More Variables, Partial Differentiation, Total Differential, Total
Derivatives, Derivatives of Implicit Function, Extreme Values of Functions of One
Variable, Extreme Values of Function of Two or More Variables.

08 Integral Calculus: Indefinite Integrals, Definite Integrals, Some Economic

Applications of Integral Calculus, Consumer’s and Producer’s Surplus.

G. Books Recommended:
1. Chiang, Alpha C. : Fundamental Methods of Mathematical Economics
2. Allen,R.G.D : Mathematical Analysis for Economics
3. Yamane,Taro : Mathematics for Economists-An Elementary Surveys
4. Edward T. Dowling : Introduction to Mathematical Economics
(Schaums Outline Series of Economics)
5. Symour Lipschultz : Set Theory and Related Topics
(Schaums Outline Series of Economics)
6. Dinwiddy, Caroline : Elementary Mathematics for Economics
7. Chiang & Weinright : Fundamental Methods of Economics.
8. Simon, Carl P. and Lawrence Blume : Mathematics for Economists.

19
 Course Code and Title: EC-1103: Statistics for Economics-I
Full Marks:100 Credit Hours: 03

A. Rationale:
This course is introduced to make beginners to be able to understand the economic
theories and that of their applications in easier ways. The basic knowledge of Statistics
will help the students for doing in-depth analysis of economic issues of interest.

B. Course Objectives:
The main objective of this course is to enrich the students with basic statistical
knowledge suited for analyzing issues of economics. After successful completion of the
course, students will

i. Learn to understand the main features of traditional and modern statistics;

ii. Learn how to analyze statistical data properly;
iii.Understand the role of formal statistical theory and informal data analytic methods;
iv. Gain an understanding of statistical methods relevant to upper division
interdisciplinary courses;
v. Sharpen students’ statistical intuition and abstract reasoning as well as their
reasoning from numerical data through community-based and other research;
vi. Enhance students critical thinking in domains involving judgments based on data
and stimulate the type of independent thinking requiring research beyond the
confines of the textbook, through projects, interdisciplinary examples and exercises.
C. Intended Learning Outcomes (ILOs):
At the end of the course the students will be able to

• Know the elementary terms of statistics and related concepts;

• Understand frequency distribution and its uses in economics literature;
• Demonstrate how to conduct with average values and also know the role of central
values and their deviations in the behavior of economic agents;
• Evaluate the nature and trend of frequency distribution through which the related
human behavior can be explained;
• Explain the degree of relationship among economic variables and forecast regarding
them;
• Identify the level of change in the value of economic variables of interest and
measure the relative movements in the variables.

D. Teaching Strategy: Lecture, Multimedia Systems, Presentation, Case Study,

Discussion
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz
Test without notice, Presentation

20
 F. Course Contents:
Unit Contents

01 Introduction: Statistics; Population and sample; inductive and descriptive statistics;

variables – discrete and continuous variables; founding of data; scientific notation;
functions rectangular coordinates; graphs; equations; inequalities; logarithms;
subscript notation summation notation.

02 Frequency Distributions: Raw Data; Arrays; Frequency distributions, class Intervals

and Class limits; Class boundaries; The size of the class interval; the class mark;
general rules for forming frequency distribution; histogram; cumulative frequency
distribution and ogives; relative frequency distributions and percentage ogives.
03 Measures of Central Tendency: The arithmetic mean; Properties of the arithmetic
mean; Arithmetic mean computed from grouped data; The geometric mean; The
harmonic mean; The relation between arithmetic, geometric and harmonic means;
The median; quartiles and percentiles; The mode; Empirical relationship between
mean, median, and mode.
04 Measures of Dispersion: The range; The mean deviation; The semi-interquartile
range; The variance; The standard deviation; properties of the standard deviation;
coefficient of variation; Standardized variable; z-scores.
05 Skewness, Kurtosis, Moments: Moments for grouped data; Relations between
moments; Computation of moments for grouped data; moments in dimensionless
form; Skewness; Kurtosis; Population moments.
06 Correlation and Regression Analysis: Relationship between variables; The
correlation coefficient; Rank correlation; Remarks concerning the correlation
coefficient; The least-squares coefficient; Explained and unexplained variation; The
standard error of estimate.
07 Index Number: Applications of index numbers; Problems involved in the
computation of index numbers; Laspeyres, Pasche, and Fisher’s ideal index; Cost of
living index.
08 Analysis of Time Series: Characteristics movements of time series; Classification
and estimation of time series movements – trend, seasonal variations, cyclical
variations, irregular variations.

G. Text and References:

1. Mann: Introduction to Statistics
2. Murry R. Spiegel: Theory & Problems of Statistics.
3. Robert D. Mason, Douglas A. Lind: Statistics
4. Webster & Allen: Applied statistics for business and economics.
5. Wonnacatt and Wonnacott: Introducing Statistics
6. M. Nurul Islam: An Introduction to Statistics & Probability.
7. S.P. Gupta: Advanced Practical Statistics.
8. Miah and Miah: Introduction to Statistics
9. Newbald, Paul, Prentice Hall: A comprehensive nonmathematical introduction to statistics
with lots of worked-out problems.
10. S. P. Gupta and M. P. Gupta, Business Statistics, 14th enlarged edition, Sultan Chand &
Sons. New Delhi, 2006.

21
 Course Code and Title: EC-1104: Basic Sociology

Full Marks: 100, Credit Hours: 03

A. Rationale:
The course introduces the student to basics of Sociology.
B. Course Objectives:
The aim of this course is to:
• Introduce the role of social factors in socio-economic development of a country.
• Provide knowledge about the fundamentals of sociology like society, community,
institutions, culture, civilization, crime, and other social problems.
• Make students understand the influence and role of social elements on society and
on development.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• understand the nature of society, social relationship, socialization, norms &
values;
• learn about Social Anthropological aspects such as family, marriage, religion
and culture;
• be able to know social structure, social change and social problems;
• learn about social, political, economic and educational reformation;
• learn about ecology and environmental aspects, such as human ecology,
environmental degeneration, environmental disaster management,
sustainability and development.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Primary Conceptions: Nature of Society, Social Relationship, Groups, Institutions,

Socialization, Norms and Values, Social Control.

02 Social Anthropology: Family, Marriage, Religion, Ceremonies, Culture, Changing

Culture, Tribe, Population.

03 Social Structure and Social Change: Social Systems, Socio-Economic Formation,

Stages of Growth of Society, Primitive, Pastoral, Agricultural, Industrial, Social

22
 Stratification and Classes. Changes and Progress, Modernization, Development.

04 Social Problem: Illiteracy, Poverty, Unemployment, Crime, Corruption and

Nepotism, Terror, Gender Discrimination, Violence, Dowry, Beggary, Drug
Addiction, Cultural Conflict, Urbanization and Industrialization, Student Unrest and
Youth Unrest, Male Domination, Problems in Family and Generation Gap.

05 Reformation: Social Reformation, Political Reformation, Economic Reformation,

Ideological Reformation, Administrative Reformation, Educational Reformation,
Business Reformation.

06 Society and Environment: Relation between Sustaniable environment and human

society, Environmental Degradation, Bio-diversity, Disaster Management.

07 Society and Culture of Bangladesh: Society up to 1947, Pakistan Period,

Bangladesh Period, Ethnic Identities.

G. Books Recommended:

1. Khan, F. R. : Principles of Sociology

2. Samuel Koenig : Principles of Sociology

3. G. †K. bvRgyj Kwig : mgvR weÁvb mgx¶Y

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5. i½jvj †mb : mvgvwRK ¯—i web¨vm

6. dRjyj iwk` Lvb : mgvR weÁv‡bi g~j ZË¡

7. nvmvby¾vgvb †PŠayix : mgvR weÁv‡bi cÖZ¨q

Course Code and Title: EC-1105: Introduction to Computer

Full Marks: 100, Credit Hours: 03

A. Rationale:
The aim of this course is to enable the students to use the computer in
multidimensional activities especially in economics.
B. Course Objectives:
The course provides a fundamental understanding of computer applications in
various aspects. It is a complete lab-based course where students will learn these

23
 applications by working on class assignment in the lab.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
i) understand the operational basics of personal computers;
ii) learn the basic concepts of computer hardware, software, networking, database
& operating systems;
iii) present research output through multimedia projector using powerpoint;
iv) learn about various software and their applications in economics;
v) learn to use internet and understand the rules and regulation of internet access.

D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Introduction: Computer, Types of Computer, Working Structure of Computer,

Hardware and Software, Input and Output Device, Operating Systems. Advantage
of Windows, History of Computer.
02 Microprocessor: Internal Structure of Microprocessor, CISC versus RISC, Power
Source of Microprocessor.
03 MS-Word: Title Bars, Tool Bars, Align Left, Align Right, Center, Justify, Cut,
Copy, Paste, Redo, Undo, Bold, Italic, Underline, Font, Font Size, New Blank
Document, Save, Zoom, Print Preview, Open, Drawing, Menu Bars, All the
Essential Functions of File, Edit, View, Insert, Format, Tools and Table.
04 Microsoft Excel: Introduction to Excel Screen: Title Bar, Menu Bar, Tool Bar,
Cell, Cell Address, Column Heading Bar, Row Heading Bar, Formula Bar.
Opening a File, Setup Page, Adding Extra Column & Extra Row, Calculating
Summation, Subtraction & Average, Counting Cells, Creating Chart.
05 Important Functions of Microsoft Power Point
Creating and demonstrating slide, Animation, Graphics and Multimedia.
06 Software and Its Application in Economics: Concepts, System Software and
Application Software, Computer Virus and Anti-Virus, E-mail, Network, Internet,
Software application in Economics.

G. Books Recommended:
1. Md. Azizur Rahman Khan : Mastering Windows
2. Engineer Mominul Haq : Computer Hardware
3. K.M.Ali Reza & Engineer Tazul Islam : Windows 2000 version & Network

24
 4. Md. Omar Faruq Sarkar : Operating System
5. Mahbubur Rahman : Internet & E-mail, MS Word
6. Md. Azizur Rahman Khan : Mastering Excel

FIRST YEAR: SECOND SEMESTER

Course Code and Title: EC-1201: Principles of Macroeconomics

Full Marks: 100, Credit Hours: 03

A. Rationale:
The course is designed to make the beginners elementary knowledge with the
background of the birth of macroeconomics and its variables, tools and goals to be
discussed for successful learning of all the courses of macroeconomics.

B. Course Objectives: The basic objective of this course is to educate students in the
inanity of classical thoughts, great depression and Keynesian revolution at the birth
of macroeconomics and its variables, tools, goals and some elementary concepts
and theories regarding national income accounting, consumption, investment and
money in order to understand the working of the economy at the aggregate levels.
With the successful completion of this course, students will
i) be able to understand the basic issues of macroeconomics;
ii) learn various indicators, methods and complications of the measurement of
national income accounting;
iii) learn about Classical and Keynesian views regarding income and employment.
iv) get the knowledge about concepts and consequences of consumption, investment
and demand for and supply of money.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Gather basic knowledge regarding birth history, variables, tools and goals
of macroeconomics and respective applications in policy making.
• Understand various indicators of national income accounting and respective
methods and detection of the complications of measurement. And causes why
policy makers frequently use such indicators to assess development pattern.
• Understand classical theory of income and employment, Keynesian
critiques of classics and Keynesian thoughts upon macroeconomics and
mixed economy.
• Evaluate various concepts and determinants of consumption, investment
and demand for and supply of money.
• Analyze real life happenings in the sphere of macroeconomics, on the basis
of acquired theoretical knowledge.

25
 D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation.

F. Course Contents:
Unit Contents

01 Basic Concepts of Macroeconomics: Definition, Scope and Birth of

Macroeconomics, Macroeconomic Variables, Tools of Macroeconomics,
Macroeconomic Goals.

02 National Income Accounting: Meaning and Concepts–Gross National Product

(GNP), Gross Domestic Product (GDP), Net National Product (NNP), National
Income (NI), Real and Nominal GNP, GNP-Gap, GNP-Deflator, The Methods of
Measurement of National Income and Its Problems, GNP as a Welfare Measure.
03 Classical Model of Income and Employment: Analysis of Classical Income and
Employment Model, Say's Law of Market.
04 Keynesian Model of Income and Employment: Keynes’ Criticisms of the
Classical Model, Multiplier Analysis, Application to LDCs, The Great Depression,
Description of the Keynesian Model and Its Limitations.

05 Consumption Function: Definition, Computation of Consumption Function,

Consumption Functions Puzzle, Factors Affecting Consumption, The Absolute
Income Hypothesis of Consumption.
06 Theory of Investment: Definition and Types of Investment, Investment Demand
Curve, Classical Theory of Investment, Marginal Efficiency of Capital (MEC),
Keynesian Theory of Investment, The Accelerator Theory of Investment.
07 Demand for and Supply of Money: Definition of Money, Functions of Money,
Types of Money, Demand for Money, Quantity Theory of Money, Liquidity
Preference Theory.
G. Books Recommended:
1. R. Dornbusch and S. Fischer : Macroeconomics.
2. Branson and Litaback : Macroeconomics
3. G. Mankiw : Macroeconomics

26
 Course Code and Title: EC-1202: Basics in Business

Full Marks: 100, Credit Hours: 03

Instruction for Teacher: Instruction for Students:

Total Number of Questions = 8 (Eight) All Together 5 Questions are to be answered

Number of Questions from Section – A = 3 Number of Questions from Section – A = 2

Number of Questions from Section – B = 3 Number of Questions from Section – B = 2

Number of Questions from Section – C = 2 Number of Questions from Section – C = 1

A. Rationale:
This course introduces the students to different concepts, terminologies,
functions and purposes of business.
B. Course Objectives:
The objectives of the course are to-
i) develop students understanding of various concepts in the field of
management, marketing and accounting;
ii) develop the basic knowledge of business concepts, terminologies and
critical thinking skills;
iii) enhance students understanding the analytical concepts of business and
the integral role that business plays in both domestic and global
economy.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Understand the functions of management, its importance, managerial
skills and managerial role;
• Learn objectives of marketing the scope and importance of marketing
• Explain product life cycle, buying decision behavior
• Prepare Income Statement, Statement of Retained Earnings,
Classified Balance Sheet.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

27
 F. Course Contents:
Section-A: Management
Unit Content

01 Management: Its meaning, Key Characteristics of management, Importance,

principles and functions of management; Management: art or science? Types of
Managers, Managerial skills, Managerial role.

O2 Organizational Behavior: Nature of Organizational Behavior, Objectives of

Organizational Behavior, Role of Organizational Behavior, Functions of
Organizational Behavior, Factors Affecting Organizational Behavior

03 Planning: Meaning, Need for Planning; Planning Premises; Types of Plan;

Elements of Planning; Principles of Planning

04 Organizing: Its Meaning & Purposes; Types of Organization; Organizational

Structure, Elements of Organizational Structure: Division of Work,
Departmentation, Span of Control and Delegation of authority, Committee.

05 Leading: Meaning, Leader’s Assumptions about People; The Core of

Leadership; Functions of the Leader; Personal Characteristics of Effective
Leaders; Leadership Styles.

06 Co-ordinating & Controlling: Meaning and Features, Functions of

Management, Prerequisites for good Coordination, Principles of Coordination &
controlling.

Section-B: Marketing
Unit Content

01 Introduction: Definition, Objectives, Scope and Importance, Marketing

Concept, Classification of Market.
O2 Product: Basic Concept, Types of Products, Product Life Cycle, Product Line.

03 Pricing: Influencing Factors for the Price Determination, Pricing Methods,

Pricing Policies and Strategies.

04 Channel of Distribution: Types and Functions of Channel, Selection of Channel

Distribution.

05 Promotion: Promotion Tools, Promotional Mix, Promotional Budget.

06 Consumer Behavior: Mode of Consumer Behavior, Types of Buying Decision

Behavior, Stages in the Buyer Decision Process.

28
Section–C: Accounting
Unit Content

01 Introduction: Concepts and Definition of Accounting, Need to Study

Accounting, Accounting and Book Keeping, Concept and Convention of
Accounting, Users of Accounting Information, Accounting Equation.
O2 The Double Entry Recording System: Accounting Cycle, Transaction–Debit,
Credit, Determination of the Balance of an Account, The Journal, The Ledger,
Preparation of Trial Balance.

03 Preparation of Financial Statement: Income Statement, Statement of Retained

Earning, Classified Balance Sheet.

04 Accounting for Assets and Liabilities: Fixed Assets, Intangible Assets, Current
Liabilities and Long-term Liabilities, Depreciation, Depletion and Amortization

G. Books Recommended:
1. Griffin : Management
2. Ivancevich, Donnelly & Gibson : Managing for Performance
3. Weihrich, H. and Koontz, H. : Management, A Global Perspective
Eleventh edition

4. Philip Kotler : Principles of Marketing

5. William J. Stanton : Fundamentals of Marketing

6. E. J. Mc Carthy : Principles of Marketing

7. Roger H, Harmenson : Accounting Business Perspective

8. Loren A, Nikolai : Intermediate Accounting

9. Pyle and Larson : Fundamental Accounting Principles

29
 Course Code and Title: EC-1203: Bangladesh Economy-I

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is introduced to make beginners to be able to understand the
structure of Bangladesh economy and the role of different sectors. The course
will help the students to gain knowledge about the main issues of Bangladesh
economy.
B. Course Objectives:
The main objective of this course is to provide students with basic knowledge
of
Bangladesh economy. The specific objectives are:

i) to provide the students idea about the structure of Bangladesh economy with
policy relevance;
ii) to make students acquaint with the nature of the movement of Bangladesh
economy over time and the process of economic development;
iii) to enhance students’ capability of analyzing the economic policy issues and
their implications.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• Know the historical perspective of Bangladesh economy;
• know the composition and structure of Bangladesh economy;
• learn the size, structure, carrying capacity of population of Bangladesh;
• learn the industrial policy and process of industrialization in Bangladesh
• know the features of urbanization and the its impact on the economy;
• learn the export and import trade, foreign aid and foreign direct investment and
their role on the economy
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study,
Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation

F. Course Contents:
Unit Content

01 The Economy of Bangladesh in Transition: The Historical Perspective, The Different

Periods-Pre-colonial, Colonial and Pakistan Periods.

30
 O2 Overview of the Economy: Composition and Structure of the Economy, GDP, Sectoral
Contribution, Overall Growth Trend, Infrastructure Development, Overview of Natural
Resources.

03 Population: Size, Structure (Age, Rural/Urban, Class/Strata, Ethnicity, Occupation,

etc.), Momentum Effects, Carrying Capacity, Poverty Interaction, Population Control,
Unemployment and Under Employment in Bangladesh.

04 Industrialization: Public and Private Sector, Industrial Policies, Financing Industries,

Productivity, Employment, Problems and Prospects, Small and Medium Enterprises.

05 Urbanization: Origin and Development of Cities, Rapid Urbanization and Special

Features of Bangladesh Urbanization, Emerging of Social Development.

06 Foreign Trade, Investment and Aid: Composition of Import and Export, Trade vs.
Aid, Globalization and Bangladesh Economy, Foreign Direct Investment.

G. Books Recommended:

1. Selim Rashid : Bangladesh Economy

2. Sirajul Islam : History of Bangladesh (Vol-2)

3. CPD : Independent Review of Bangladesh (Various years)

4. A. R. Khan & Mahbub H. : Development Strategies for Bangladesh

5. Nurul Islam : Development Planning in Bangladesh

6. H. Zillur Rahman (ed.) : Rural Poverty Updates

7. N. Amin : Informal Sector in Bangladesh

8. Barkat and Howlader : Population and Development Issues in Bangladesh

9. Muinul Islam : Poverty Discourse and PAR in Bangladesh

31
 Course Code and Title: EC-1204: Agricultural Economics
Full Marks: 100 Credit Hours: 03

A. Rationale
The course is designed to make the students oriented with the basic concepts and
issues of agricultural economics. This sector largely contributes to the national
economy as well as majority of the people of our country till now belongs to the
agricultural sector.
B. Course Objectives:
This course will provide students basic ideas regarding agriculture economics.
The specific objectives of this course are:
i) to know the basic concepts and issues of agricultural economics;
ii) to understand the economics of agricultural production, and
factors affecting agricultural productivity
iii) to learn about HYV technology and its knowhow
iv) to understand the issue of agricultural mechanization and its
application
v) to gather knowledge about agricultural farming structure,
vi) to know about agricultural credit, rebates, land reforms etc
vii) to learn about agricultural marketing, marketing structure and
market mechanism.
viii) to understand the role of economists and government policies for
enhancing agricultural production.
C. Intended Learning Outcomes (ILOs)
At the completion of this course students will be able to:
• gather basis knowledge about agricultural economics
• understand the economics of agricultural production, production
technology, and factors affecting agricultural productivity.
• learn about HYV technology, its implication and prospects
• know about agricultural mechanization and its implication
• learn about agricultural marketing, its shortcomings and remedial
measure
• learn about farming structure, agricultural credit, and finally
• understand the role of economists and government policies for
enhancing agricultural production and thus development of the
economy
D. Teaching Strategy: Lecture, Multimedia Presentation, Case study,
Discussion
E. Assessment strategy: Question Answer, Tutorial, Class test, Assignment,
Quiz test without notice, Presentation

32
 F Course Contents
Unit Content

01 Agricultural Economics: Nature and Scope of Agricultural Economics, Origin

of Agricultural Economics, Studying Agricultural Economics as a Separate
Discipline, Contribution of Agriculture to Economic Development, Different
Branches and Division of Agricultural Economics.
O2 Economics of Agricultural Production: Review of the Factor Product, The Factor-
Factor and the Product-Product Relationships, Technical and Economic Efficiency of
Resource Use, Farm Optimization Model in Case of Small-Scale Agriculture, Farm Size
and Productivity, Determining Factors of Economic Holding.

03 HYV-Technology: Concept of HYV Technology, Constraints on the Way of

Expansion of HYV Technology in Bangladesh, Effect of New Technology on
Productivity, Employment and Income Distribution, Privatization of Agricultural
Inputs. Agricultural Polices in Bangladesh.
04 Agricultural Marketing and Prices: Concepts of Agricultural Marketing,
Scope, Limitations and Role of Agricultural Marketing, Marketing Channel of
Rice, Jute, Potato etc. Meaning of Marketing Cost, causes of the increase and
decrease of marketing costs, Reducing Marketing Cost under the Present
Agricultural Marketing Structure, Market Mechanism of Agricultural Product.
05 Land Tenure and Land Reform: Different Tenure Arrangements, Pattern of
Land Ownership and Tenure in Bangladesh, Socio-Economic Analysis of Share-
cropping, Various Aspects of Land Reforms, Agrarian Reforms.
06 Farming: Concepts of different types of farming, Farm size, Comparative
effectiveness and limitations of different types of farming in the present context
of Bangladesh.
07 Agricultural Credit: Institutional and non-institutional credit, Types, Scope and
Limitations of Institutional and non-institutional credit, Comparative
effectiveness of Institutional and non-institutional credit.

G. Books Recommended:
1. R. L Cohen : Agricultural Economics
2. M. A Hamid : Polly Unnyon O Bangladesh
3. Just Faalan and Parkinson : The Economy of Bangladesh
4. Frank Ellis : Peasant Economy
6. Mahbub Hossain : Green Revolution and Agriculture in Bangladesh
7. A.R. Khan and Hossain : The Strategy of Development in Bangladesh
8. Nazrul Islam : Bangladesh Arthoniter Sharup, 1997
9 Theodore Schultz : Transforming Traditional Agriculture
10. Paulman & Young : Agricultural Economics

33
 Course Code and Title: EC-1205: Government and Politics
Full Marks: 100 Credit Hours: 03

A. Rationale
The course is designed to make the students oriented with the basic concepts and
issues of agricultural economics. This sector largely contributes to the national
economy as well as majority of the people of our country till now belongs to the
agricultural sector.
B. Course Objectives:
This course introduces the students to basic concepts and ideas regarding government
and politics. After successful completion of this course students will-

• learn about nature and forms of government;

• be able to evaluate the functions of government
• learn about the relation between government and politics
• be able to understand the relation between political science and
economics
C. Intended Learning Outcomes (ILOs)
At the completion of this course students will be able to:
• Know the elementary terms related to government and politics and the relation
between political science and economics;
• Understand political culture, political belief, political development, political
ideology and constitution of reference countries;
• Be acquainted with state development, functions of state, relation between state
and other social organization;
• Explain forms and organs of government;
• Know about political economies, public administration, civil rights and civil
liberties;
• Evaluate political organizations of Bangladesh especially national assembly,
cabinet, civil service and local government, legislature, Constitution of
Bangladesh etc.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case study,
Discussion
E. Assessment strategy: Question Answer, Tutorial, Class test, Assignment,
Quiz test without notice, Presentation

F. Course Contents
Section A

U Content
nit

01 Introducing Government and Politics: Definition, nature and scope of political science;
Government and state; Welfare state; Relationship between political science and

34
 economics.

02 Basic Concepts of Political Science: Political culture; Political belief; Political

modernization; Political development; Political ideology; Political revolution; Political
integration and constitution – UK and USA.

03 State: Theories of state development; Functions of state; State and family; State and
property; State and law; State and religion; State and education.

04 Forms and Organs of Government: Democracy; Dictatorship; Unitary; Federal;

Parliamentary and presidential forms of government.

Section B

U Content
nit

05 Political Economies: Conservatism; Liberalism; Utilitarianism; Totalitarianism; Socialism;

Capitalism; Communism.

06 Public Administration: Administrative structure and processes; Administrative behavior;

Comparison between public and private administration; Role of public administration in
economic activities; Role of the bureaucracy and the courts in policy implementation and
interpretation in Bangladesh.

07 Civil Rights and Civil Liberties: Ideas of rights; Positive and negative rights; Human
dignity; Human rights and fundamental rights; Equity and equality; Freedom and obedience;
Development of civil liberties and civil rights by judicial interpretation; Knowledge of
substantive rights and liberties.

08 Political System of Bangladesh: National assembly of Bangladesh; Political parties;

Cabinet; Civil service and local government; Legislature, executive and judiciary; Political
and military elites in Bangladesh; Constitution of Bangladesh; Problems and prospects of
institutionalization of democracy in Bangladesh.

G. Books Recommended:
1. Bhuiyan, M.A.W. (1999): Adhunik Rastrobiggan (Bangla),15th edition, Globe

Library (P) Ltd., Dhaka.

2. Garner, J.W. (1989) : Political Science and Government, IRWIN Inc., Illinois.

3. Islam, S.S. (1999) : Snatok Rastrobiggan (Bangla), 7th edition, Hasan Book

House, Dhaka.

4. Jahan, R. (1980) : Bangladesh Politics: Problems and Issues, The University

Press Limited, Dhaka.

5. Kapur, A.C. (1999) : Principles of Political Science, 20th edition, S. Chand and

35
 Company Limited, India.

6. Khan, S.I., Islam, S.A. and Haque, M.I. (2008): Political Culture, Political Parties
and the Democratic Transition in Bangladesh, The University Press Limited, Dhaka.

7. White, L.D. (1992) : Introduction to the Study of Public Administration, Allen

and Unwin, Australia.

Non-Credit Courses: 1206 & 1207

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Course Code and Title: IU-1206: Islamic Studies
Full Marks:100 Credit: Non-credit course

A. Course Objectives: This course is for the students coming from College streams. The
basic objective of this course is to enhance students knowledge regarding various aspects of
Islam. This course will help the students -
i) to learn about the history of Islam and other religions;
ii) to enhance their knowledge about Al-Quaran and Al-Hadith;
iii) to know about Islamic state, Islamic judgment, business in Islam, labour-owner
relationship, Islamic culture, role of Islam in reducing poverty etc.

B. Course Contents:
Unit Contents

01 Bmjvg I Ab¨vb¨ cÖwm× a‡g©i msw¶ß cwiwPwZ|

02 (K) ZvInx`, Cgvb I Bmjvg, (L) wkiK Ges Gi cÖKvi‡f`, (M) we`ÕAvZ I Gi cÖKvi‡f`

03 Bmjvgx kwiqv‡Zi Drmmg~n (Avj KziAvb, Avj nv`xm, BRgv I Kv‡qm)|

04 Bmjv‡g nvjvj I nviv‡gi weeiY Ges Aciva `g‡bi weavb|

05 Bev`Zt (K) dih mvjvZ, hvKvZ, mIg I n¾ (L) IqvwRe mg~n (M) mybœZmg~n (N)
gy¯Ívnve mg~n|

06 Bmjvgx AvPvi AvPiYt (K) gyÕAvmvjvZ- Bmjv‡gi `„wó‡Z cv¯úvwiK †jb‡`b, kªwgK I

gvwjK m¤úK©, (L) gyÕAvmvivZ FY`vZv I MÖnxZv, †µZv-we‡µZv, gvZv-wcZv, †QvU-

eo, QvÎ-wk¶K, cÖwZ‡ekxi mv‡_ m¤úK©, (M) Bmjv‡g f„vZ…Z¡ I RbKj¨vYg~jK KvR|

07 Bmjvgx AvLjvKt ZvKIqv, mei, Av`j, Bnmvb, wm`K, j¾v, wkóvPvi, aygcvb, gv`K`ªe¨
cvb, c`©v AvgvbZ I wLqvbZ|

36
 08 Abyev`t (K) m~iv Avj gyÕwgb~b Gi 1g iæKz; (L) m~iv wdj †_‡K m~iv bvm; (M)
wekwU nvw`m (Bwe KZ©„K 1995-Õ96 mv‡ji cÖKvwkZ wm‡jevm D‡j­L †gvZv‡eK
ms‡hvwRZ)|

09 Bmjvgx wk¶v I ms®K…wZt ¯^iƒc, ˆewkó¨, ¸iæZ¡ I cÖfve|

10 A_©bxwZt `vwi`ª we‡gvP‡b cywRev`, mgvRev` I Bmjv‡gi f~wgKv|

11 Bmjvgx ivóª t msÁv, ¯^iƒc, ˆe‡`wkK bxwZ I AwaKvi

12 Bmjv‡g wePvi e¨e¯’vt Bmjvgx AvB‡bi Drm mg~n, AvaywbK I Bmjvgx wePvi e¨e¯’v,
wePvi‡Ki †hvM¨Zv I ¸bvejx, Bmjvgx wePvi c×wZ, b¨vq wePvi cÖwZôv, gnvbex (m:)
I LwjdvM‡Yi wePvi e¨e¯’v|

13 Bmjv‡g mvgwiK e¨e¯’v: wRnv‡`i msÁv, cÖKvi‡f` I ¸iæZ¡, Bmjvg-gibxwZ, AvaywbK

mf¨Zvq hy×|

14 Bmjvg cÖPvi: Bmjv‡g Zvejx‡Mi cÖ‡qvRbxqZv I ¸iæZ¡, Bmjvg cÖPvi-Gi c×wZ I

¸bvejx: evsjv‡`‡k Bmjvg cÖPvi, evsjv‡`‡k GbwRI Ges L„xóvb wgkbvix ZrciZv, Bmjvg
cÖPv‡i gva¨g mg~‡ni f~wgKv|

15 gvbevwaKvi:- Bmjvg I cvðv‡Z¨|

C. Books Recommended:

1. Avj KziAvb
2. mwn nv`xm mg~n: †evLvix kixd, gymwjg, Be‡b gvRv, Avey `vD`, wZiwgwR

Course Code and Title: IU-1207: Bangladesh Studies

Full Marks: 100 Credit: Non-credit course

A. Course Objectives: This course is for the students coming from Madrasha streams and
Non-Muslim students. The basic objective of this course is to make students acquaint with
the national heritage, culture and history of Bangladesh that let them be a good and
responsible citizen of the nation. After successful completion of the course students will
know -
i) the geo-political history of the nation;
ii) the ethnical characteristics of the nationals;
iii) the rise of Bengali nationalism that gave birth of the nation Bangladesh;
iv) about geographical status, economic and political status, population and
environmental status;
v) the constitution, government structure, administration and judgement, political
37
 groups and rise of democracy in Bangladesh.

B. Course Contents:
Unit Contents

01 evsjv‡`‡ki Af~¨`qt mvgvwRK, ivR‰bwZK, A_©‰bwZK I mvs¯‹…wZK †cÖ¶vcU;

evqvbœi fvlv Av‡›`vjb, Pzqvbœi hy³d«›U wbe©vPb I †PŠlwÆi MYZvwš¿K Av‡›`vjb,
†QlwÆi Qq `dv Av‡›`vjb, AvMiZjv lohš¿ gvgjv I e½eÜz, Ebmˇii MY Af~¨Ìvb, mˇii
mvaviY wbe©vPb, 7B gv‡P©i fvlY I ¯^vaxbZvi †NvlYv Ges GKvˇii gyw³`y×|

02 evsjv‡`‡ki †fŠMwjK cwiwPwZt evsjv‡`‡ki †fŠ‡MvwjK Ae¯’vb I mxgv‡iLv; b`-b`x,

cvnvo-ce©Z, mgy`ª DcK~j, ebvÂj, Rjevqy I e„wócvZ, eb¨v I Ab¨vb¨ cÖvK…wZK
`y‡h©vM, cÖvK…wZK m¤ú` (ebR, cÖvYxR, grm¨ I LwbR), RbmsL¨v, bMi I bMivqY,
cwi‡ek I cwi‡ek e¨e¯’vcbv|

03 evsjv‡`‡ki f~-cÖK…wZ I Awaevmxt f~wg (cÖK…wZ, cÖKvi‡f` I e¨envi), evOvjx,

DcRvwZ I Awfevmx (Domiclied) Ges Zv‡`i b„ZvwË¡K I mvs¯‹…wZK cwiwPwZ|

04 evsjv‡`‡ki A_©bxwZt cÖavb Drcv`b LvZmg~n I Zv‡`i A_©bxwZK ¸iæZ¡ (K…wl, wkí,
evwYR¨, †hvMv‡hvM, e¨vswKO I ivR¯^),Drcv`b e¨e¯’v I Av_©-mvgvwRK AeKvVv‡gv,
RbmsL¨v I †eKvi mgm¨v, RvZxq A_©bxwZ‡Z bvix I wbgœeM©xq‡`i Ae¯’vb, RvZxq
A_©bxwZK cwiKíbv I ev¯Íevqb|

05 evsjv‡`‡ki ivRbxwZt evsjv‡`‡ki msweavb I Zvi weeZ©b, evnvˇii msweav‡bi

mwbœ‡ewkZ RvZxq g~jbxwZ I †gŠwjK AwaKvi mg~n, msweav‡bi ms‡kvabx I
Aa¨v‡`k mg~n, kvmb I wePvie¨e¯’v, ivR‰bwZK `j I Zv‡`i Abym„Z gZev`mg~n|

C. Books Recommended:

1. Gg Avi AvLZvi gyKzj : Avwg weRq †`‡LwQ

2. Gg Avi AvLZvi gyKzj : evnvbœi Revbe›`x
3. Gg Avi AvLZvi gyKzj : evnvbœi fvlv Av‡›`vjb
4. ‡gRi iwdKzj Bmjvg : GKvˇii gyw³hy×
5. W. †gvnv¤§` nvbœvb : nvRvi eQ‡ii BwZnvm
6. W. †gvnv¤§` nvbœvb : evsjv‡`‡ki gyw³hy‡×i BwZnvm
7. ‡gv¯Ídv Kvgvj : evOvjx, evsjv‡`k I e½eÜz
8. ˆk‡jkKzgvi e‡›`cva¨vq : wRbœv/ cvwK¯Ívb
9. Avby †gvnv¤§` : ag©ivóª I MYZvwš¿K Av‡›`vjb
10. G¨v›Ubx g¨vmKv‡ibnvm : evsjv‡`k i‡³i Fb
11. evsjv‡`‡ki BwZnvmt 3q LÛ : m¤úv`bv †gvt wmivRyj Bmjvg

12. Dr. A.M.A Rahim : Current Issues of Bangladesh Economy

38
 13. Mahab Khan : Bangladesh Society, Politics and Bureau-cracy

14. M.A. Ahad : Bangladesh Economy

SECOND YEAR: FIRST SEMESTER

Course Code and Title: EC-2101: Intermediate Microeconomics

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is designed to introduce students with the behavior of individuals and
firms in making decisions on the allocation of limited resources.
B. Course Objectives:
Microeconomics examines how these decisions and behaviors affect the supply and
demand for goods and services, which determines prices, and how prices, in turn, determine
the quantity supplied and quantity demanded of goods and services.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
i) develop their ability to understand economic relationship;
ii) analyse price determination in product and input market under various conditions;
iii) analyse movement of the market towards equilibrium;
ii) analyse decision-making by individual consumers and producers;
iii) understand how the market forces of supply and demand cause prices to be what
they are;
iv) understand the efficiency and equity implications of alternative market structures.

D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Analysis of Consumer's Demand: Utility and Preference, Rationality and Axioms of

Rationality, Cardinal utility and Ordinal utility, Inverse demand functions,
Marshallian and Hicksian demand functions, Corner solution and Bliss, Application

39
 of choice under rationing, Composite commodity theorem, Derivation of Slutsky
equation and its interpretation, Interpersonal choice, Revealed preference theory-
axioms, Proof of demand theory.
02 Consumer's Surplus: Basic idea of consumer’s surplus, Money metric utility and
Demand curve, Net consumer’s surplus, Calculating gains and losses.
03 Theory of Producers’ Behaviour: Short-run and Long-run analysis, Returns to
scale, Technological progress and International competition, Input demand
functions, Cobb-Douglas production function, Constant elasticity of substitution
(CES) production function, Marginal productivities, Elasticity of substitution,
Degree of homogeneity and returns to scale, Euler’s theorem and distribution.
04 Perfect Competition: Opportunity cost, Economic profit, Accounting profit,
Assumptions, Short-run and long-run equilibrium of the firm and industry,
Derivation of short-run and long-run supply curve of the firm, Optimal resource
allocation.
05 Imperfect Competition: Monopoly-Features, Short-run and Long-run equilibrium,
Derivation of supply curve of the firm, Monopoly power, Price discrimination,
Oligopoly-Features, Collusive and non-collusive oligopoly and Cournot model,
Stackleberg model, Kinked demand model, Price leadership and cartels,
Monopolistic Competition-Features, Models.

G. Books Recommended:
1. A Koutsoyiannis : Modern Microeconomics.
2. Henderson and Quandt : Microeconomic Theory - A Mathematical Approach
3. A Varian : Intermediate Microeconomics
4. Pindyck and Rubinfeld : Microeconomics.
5. D. Salvator : Theory and Problems of Microeconomics.
6. G. Mankiw : Principles of Economics

Course Code and Title: No. EC-2102 Mathematics for Economics–II

Full Marks:100 Credit Hours: 03

A. Rationale:
The course intends to introduce students with advanced mathematical methods and their
applications which are drawn from a wide range of fields in economics including
microeconomics, macroeconomics and finance. This course will also introduce the major
mathematical tools that are used in modern economics. It covers advanced approaches of
linear algebra, multivariable calculus, general optimization problem of function of several
variables both without restrictions and with restrictions formed by equalities and
inequalities, differential and difference equation and their application in economic
analysis. A study of dynamic input-output model and linear programming are also
covered by this course.

40
 B. Course Objectives: The course introduces the students to mathematical tools and
their applications in advanced economics. Application of mathematical tools such as
differential equations for explaining dynamic economic phenomena as well as identifying
time path and stability of variables in the context of both microeconomics and
macroeconomics. Upon successful completion of the course the students will-
i) know the use of mathematics in economic analysis;
ii) understand the mathematical methods which are indispensible for
understanding advanced economics;
iii) achieve capability of dealing economic problems using mathematical
models;
iv) enhance their knowledge of mathematical tools in analyzing dynamic
economic phenomena;
v) be able to analyze the economic optimization in input-output framework.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• Demonstrate a sound knowledge and understanding of the application of various
concepts of mathematical tools.
• Apply different fundamental mathematical tools in economics and finance.
• Use the techniques of multivariable unconstrained and constrained optimization,
comparative statics, and dynamic economic models.
• Apply the advanced matrix algebra including linear transformations, Eigen values
and Eigen vectors of a matrix, bordered hessian and so on.
• Understand the general and dual problem in linear programming and its
application in game theory.
• Use mathematical notation, terminology and techniques of the differential, and
difference calculus to economic applications.
• Critically analyze and evaluate economic models by using formal mathematical
methods.

D. Teaching Strategy: Lecture, Multimedia Systems, Presentation, Case Study,

Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz

Test without notice, Presentation

F. Course Contents:
Unit Content

41
01 Linear Algebra : Concepts of Vectors and Matrix, Vector Operations: Addition,
Subtraction, and Multiplication - Linear Dependence and Independence of Vectors,
Matrix Operation: Addition, Subtraction, and Multiplication, Unit or Identity
Matrix, Scalar Matrix, Diagonal Matrix, Augmented Matrix, Trace of a Matrix,
Transposition, Determinants, Properties of Determinants, Inverse of Matrix,
Properties of Inverse Matrix, Cramer's Rule, Rank and the Solution of
Homogeneous Equations, Jacobian-Hessian Bordered Determinant, Characteristic,
Roots and Vectors, Transformation of Matrix.

02 Input-Output Analysis: The basic idea, The input coefficient matrix, Final
demand, Mathematical representation of the model, Solution for appropriate levels
of output, The Hawkins-Simon condition, Uses in national economic planning and
its limitation.

03 Optimization Problem: Unconstrained Optimization, Constrained Optimization,

Equality Constraints, Second Order Conditions, Concavity, Convexity, Quasi-
Concavity and Quasi Convexity, Utility Maximization, Homogeneous Functions,
Least Cost Combination of Inputs, Maximum value Functions– Envelope Theorem.

04 Differential Equation: Definition and classifications, Concept of order and degree,

Linearity and homogeneity of differential equations.
First-order Differential Equations: First order linear differential equations with
constant coefficient and constant term, Dynamic of market price, Variable co-
efficient and variable term, Exact differential equations, non-linear differential
equation of the first order and first degree.
Higher-order Differential Equations: Second order linear differential equations
with Constant coefficient and constant term, Complex number of a Circular function,
Analysis of the complex root case. Differential equation with variable term, Higher-
order linear differential equations, Economic applications.

05 Difference Equation: Definition and concepts – Discrete time, Difference and

Difference Equations. First-order Difference Equations: Solving a first-order
difference equation, The Dynamic Stability of Equilibrium, The Cobweb model, A
Market model with inventory, Non-linear Difference Equations-The Qualitative-
Graphic Approach.

06 Linear Programming: Distinction between classical and linear programming

approach; Primal and dual; Their economic implications; solution by graphical
and the simplex method.

G. Books Recommended:
1. Chiang, Alpha C. : Fundamental Methods of Mathematical Economics
2. Allen,R.G.D : Mathematical Analysis for Economics
3. Yamane,Taro : Mathematics for Economists-An Elementary Surveys
4. Edward T. Dowling : Introduction to Mathematical Economics
(Schaums Outline Series of Economics)

42
5. Symour Lipschultz : Set Theory and Related Topics
(Schaums Outline Series of Economics)
6. Dinwiddy, Caroline : Elementary Mathematics for Economics
7. Chiang & Weinright : Fundamental Methods of Economics.
8. M.D. Intriligatar : Mathematical Optimization and Economic Theory.

Course Code and Title: EC-2103: Statistics for Economics - II

Full Marks: 100, Credit Hours: 03

A. Rationale:
To allow students a broad introduction to statistical concepts and techniques for
data Analysis related to inferential statistics.
B. Course Objectives:
• Familiarize students with basic concepts of probability, probability
distribution, sampling theory and inferential statistics.
• Provide knowledge and skills of using inferential statistics in economics.
• Introduce students to the simple regression model, and its associated tests, at
both a theoretical level and an applied level.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Illustrate and apply marginal, union, joint, and conditional probabilities.
• Identify and decide the type of statistical experiments that can be described
by the Binomial distribution and Poisson distribution and recognize how to
work such problems.
• Apply normal distribution in real life problems.
• Distinguish between random and nonrandom sampling.
• Decide when and how to use various sampling techniques.
• Recognize and apply the concept of point and interval estimation.
• Construct confidence interval.
• Develop the logic of hypothesis testing and recognize how to establish null
and alternative hypotheses.
• Analyze data by using different test statistic.
• Compute and interpret the results of a one-way ANOVA.
• Compute the equation of a simple regression line and interpret the slope and
intercept of the equation.
• Test hypothesis about the slope of the regression.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit
Test without notice, Presentation

F. Course Contents:

43
Unit Contents

01 Review of Probability Theory:

Concept of Probability, Computing probability- three approaches. Standard

Theoretical Probability Distributions- Normal, Binomial, Poisson, Gamma and
Beta Distribution.

02 Sampling Methods:

Concepts of Sampling, Types of Sampling, Importance of Sampling, Sampling

with & Without Replacement, Sampling error and non-sampling error.

03 Sampling Distribution:

Concept of Sampling Distribution and the Central Limit Theorem. T-distribution,

F-distribution and Chi-square distribution, Characteristics, properties and their
uses.

04 Statistical Inference:

Part A: Point Estimation: Estimation, Estimator and Estimate, point estimation,

Interval estimation, Estimation methods-OLS, ML, Minimum variance, Criteria of
a good estimator-Unbiased, Efficient, Consistent estimators

Part B: Interval Estimation: Confidence intervals for the population mean; when
the population is normal and the population standard deviation is known,
confidence intervals for the population mean when the population standard
deviation is not known, confidence intervals for the population proportion when the
normal approximation is used.

05 Test of Hypothesis:

Meaning of hypothesis, Null hypothesis, alternative hypothesis, Statistical

Significance, One tailed and two tailed tests, Goodness of fit. Normal test, T -test,
F-test, chi-square test, acceptance region, rejection region, level of significance,
Type-I & Type-II Errors, critical value.

06 Analysis of Variance:

What is ANOVA, Purpose of ANOVA, One- and two-way analysis of variance,

Hypothesis test in one- and two-way analysis of variance.

07 Regression Analysis:

Meaning of Regression Analysis, Deterministic relation and Stochastic relation,

Least-square estimation method, Finding least-square equation, Test for regression
and correlation coefficient.

44
G. Books Recommended:
1. Levin, Richard I. and David S. Rubin: Statistics for Management, Prentice Hall, New
Delhi.
2. Nurul Islam: An Introduction to Statistics and Probability: Mullick Brothers, Dhaka.
3. Prem S.Mann: Introductory Statistics.Wiley student Edition.
4. Gupta and Gupta: Fundamentals of Apllied Statistics
5. Ken Black: Business Statistics for Contemporary Decision Making. Wiley Student
Edition.

Course Code and Title: EC-2104: Money, Finance and Banking

Full Marks: 100, Credit Hours: 04

A. Rationale: The rationality to study of this course are as follows-

• Describe why money is a major influence on inflation, business cycles, and
interest rates.
• Identify what it means to study financial institutions (i.e., banks, insurance
companies, mutual funds).
• Outline what is involved in the study of financial markets (such as bonds,
stocks and foreign exchange markets).
B. Course Objectives: Focusing on the financial system and monetary policy, this
course looks at key issues in the theory and practice of financial markets, banking,
monetary policy and importantly their interaction and how this impacts the real
world. The specific objectives of this course are to:
• Introduce basic concepts and principles in money and banking.
• Establish how monetary policy and the financial markets work in theory and
practice.
• Make students acquaint with the basic financial calculation relating to financial
economics;
• Enhance knowledge about banking and international financial institutions;
• Assess how to think about the trade-off between risk and return.
C. Intended Learning Outcomes (ILOs): On successful completion of this course,
students should be able to:
• Explain the nature and functions of money, banking and financial systems.
• Evaluate the various theories of money, banking and financial systems and
apply these theories to assist in the creation of effective lessons.
• Thoroughly interpret financial statements, balance sheet of a bank, and other
financial reports.
• Analyze and compute the Economics of deposit creation of a bank and the
role of banks in economic development.

45
 •Acquire and demonstrate analytical and problem-solving skills within money,
banking and financial market disciplines.
• Demonstrate the importance of asymmetric information in regulating banking
and financial markets.
• Explain the roles of Banks, Non-Banking Financial Institutions (NBFIs), and
other financial intermediaries.
• Critically examine the recent innovation in the financial markets.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.

E Assessment strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz

Test without notice, presentation.

F. Course Contents:
Unit Contents

01 Money:

Barter System, Evaluation of Money, Definition and Functions of Money, Importance of

Money, Kinds of Money, Money and Near Money, Monetary Standard – Metallic Standard,
Gold Standard, Paper Standard, Concept of Value of Money and Price Movement, Quantity
Theory of Money -Fischer, Cambridge and Milton Friedman.

02 Central Banking:

Definition and functions of Central Bank, Monetary Policy - Objectives and Instruments of
Monetary Policy, Credit Control – Methods of Credit Control, Bank Rate Policy, Open
Market Operations, Variable Cash Reserve Ratio, Central Banking in a Developing Country,
Role of Central Bank in maintaining internal and external balance.

03 Commercial Banking:

Definition and functions of commercial banks, Concept of Balance sheet of a

commercial bank, Portfolio management of commercial banks, Economics of deposit
creation, Mathematics of deposit creation, the money multiplier, non-personal time
deposits complications, Currency drain, Excess reserves.

04 Development Banking:

Problems of formation and operations of development banks.

05 Financial Market:

Definition and role of financial market, Classification of financial market, Capital market
and money market, Characteristics of capital market and money market, Institutions and
instruments of capital market and money market, The division of capital market: Primary
market and secondary market, The securities market in Bangladesh, Security exchange
commission (SEC) and its functions, Dhaka stock exchange, Mutual funds, their users and

46
 the role of Mutual funds in Business.

06 Behavior of stock Market Prices:

The market mechanism, market efficiency and testable hypothesis about it, the semi strong
efficient market, hypothesis of fundamental security analysis.

07 Economic Analysis of Banking Regulation:

Asymmetric information and bank regulation, International banking regulation, Banking

sector reform in Bangladesh.

08 Non-Banking Financial Institution:

ICB, BSRS, IPDC, HBFC and insurance companies.

09 International Finance Institution:

IMF, Treasury Functions, SWAP, Hedging.

G. Books Recommended:

1. Mishkin : The Economics of Money, Banking and Financial Markets

2. Lucket : Money and Banking
3. Meyer : Monetary Economics and Financial Markets
4. Rose : Money and Capital Markets
5. Farid Ahmed: Stock Market Behaviour in Bangladesh
6. R. R. Paul : Money, Banking and International Trade
7. E. Narayanan Nadar : Money and Banking.

Course Code and Title: EC-2105: Poverty and Microfinance

Full Marks:100 Credit Hours: 03

A. Rationale: This course is designed to help the students to understand the concept
and activities of microfinance to alleviate poverty especially from Bangladesh. The
students will also be able to draw the real economic scenario of the nation by
calculating poverty line after completing this course.
B. Intended Learning Outcome (ILOs):
At the end of this course students will be able to
• Know the concept, levels and calculations of poverty, and how to measure
income inequality.
• Uncover clear pen picture of NGO`s in Bangladesh and Learn the
Government policies to eradicate poverty from Bangladesh
• Understand the concept, features and sources of funding of microfinance as

47
 well as the demand for and supply of microfinance services.
• Analyze how microfinance is working to eradicate poverty in Bangladesh
and what challenges the institutions are facing in doing so.
• Learn the major goals of MDGs and the role of microfinance in achieving
those goals.
• Evaluate how different national and international organizations are
working to alleviate poverty worldwide.
C. Course Objectives: This course aims to evaluate the impact of microfinance
towards poverty reduction. It’s also introduced students to the challenges and
achievement of Microfinance and as well as policies in reducing poverty especially
in Bangladesh. The basic objectives of the course are to:
• Provide ideas about successful microfinance institutions and individuals in
the country;
• Enhance students understanding how microfinance is different from
traditional financial institutions, and the features of microfinance that
makes this institution successful;
• Provide knowledge regarding estimation of poverty lines and poverty
indicators;
• Know the link between poverty alleviation & microfinance.
• Provide the knowledge so that the students may know what steps the
government has taken to eradicate poverty from Bangladesh.
• Make clear sense about the activities of different microfinance institutions
in poverty reduction as well as rural development of the country
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz
Test without notice, Presentation.

F. Course Contents:
Unit Contents

01 Concepts of Poverty and Inequality: Absolute poverty, Relative poverty,

Hardcore poverty, Incidence of poverty, Poverty gap, Severity of Poverty, Size
distribution and Functional distribution of income. Lorenz curve, Gini co-efficient,
‘Poverty’ as a concept of human deprivation. Measurement of Poverty: Head-count
ratio, Foster-Greer-Thorebac (FGT) approach, Sen’s approach, Calculation of
poverty line-Upper and lower.

02 Poverty and the NGOs: Poverty alleviation through Rural development scheme of
various NGOs, Poverty alleviation program under government of Bangladesh,
Bangladesh: Pioneer of micro credit- Grameen Bank, Poverty alleviation by
Grameen Bank, Social Business. Concepts and strategies.

03 Poverty and Agrarian Reform: Reforms Experiences of Bangladesh, Agrarian

48
 Reform in West Bengal and Kerala and Vietnam.

04 Microfinance: Concept of microfinance, Salient features of microfinance, Sources

of microfinance, Demand for microfinance services, Supply for microfinance
services
05 Rural Development Through Microfinance: Growth of microfinance, Rural
development and microfinance in Bangladesh, Efforts by international agencies:
Microfinance and Asian Development Bank (ADB), Microfinance operations of the
World Bank, Micro-enterprise development at USAID.

06 Major Achievements of Microfinance in Poverty Alleviation: Constraints faced

in microfinance, Prospects of poverty alleviation through microfinance, Constraints
faced in poverty alleviation, Probable ways to overcome the situation.

07 Poverty Alleviation in Bangladesh: Meaning of poverty alleviation, Measuring

impacts of poverty alleviation programs, Socio-economic indicators of poverty
alleviation. Bangladesh Academy for Rural Development (BARD), Comilla Model,
Bangladesh Rural Development Board (BRDB), Rural Public Works Program
(RPWP), Rural Works Program (RWP), Intensive Rural Works Program (IRWP),
Comprehensive Village Development Project.

G. Books Recommended:

1. Asaduzzaman, M. and Westergard, K. : Growth and Development in Rural

Bangladesh: A Critical Review, UPL, Dhaka

2. Khondhoker S. Rahman : Credit For The Poor: Household and

Intra-Household Impact and Programme

Sustainability, BIDS, Dhaka

3. Ahmad, R.S. : Financing the Rural Poor: Obstacles and

Realities, UPL. Dhaka

4. Center on Integrated Rural Development for Asia and

Pacific (1994) : Report on Rural Development in CIRDAP

Member Countries 1992-93, Dhaka

5. Mahbub Hossain : Re-thinking of Rural Poverty in Bangladesh

7. M. Yunus : Social Business and The Future of Capitalism

49
8. Muinul Islam : Poverty Discourse and PAR in Bangladesh

SECOND YEAR: SECOND SEMESTER

Course Code and Title: EC-2201: Intermediate Macroeconomics

Full Marks: 100, Credit Hours: 03

A. Rationale:
The course is designed with the concepts, analysis and applications of various
macroeconomic variables and tools to enrich and analyze the practical scenario of
macroeconomics.

B. Course Objectives: The purpose of this course is to enable the students to diverse
experiences about the concepts, analysis and applications of monetary and fiscal policy,
demand for and supply of money, open economy macroeconomics and further studies
upon consumption and investment. It enables the students to understand the working of the
economy at the aggregate level. At the end of this course, the students will be able to
i) analyze the forces that determine changes in macroeconomic performance;
ii) understand the relationship between the domestic and the international
economic status;
iii) enhance knowledge in analyzing macroeconomic concepts and theories in
order to enable them to understand the working of the economy at the aggregate
level.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Gather applied knowledge regarding monetary and fiscal policy with
theoretical and graphical aspects in reference to the IS and LM model. It
will also provide government policies in inflation and unemployment
through budgetary process.
• Understand balance of payment, exchange rates with various types and
cause and effect of currency devaluation and revaluation with theories. It
will also provide practical knowledge about the process of keeping internal
and external balance separately and simultaneously.
• Understand advance concepts and determinants and theories regarding
consumption and investment.
• learn advance concepts, theories and determinants regarding demand for
and supply of money.
• Analyze real life happenings in the sphere of macroeconomics, on the basis
of acquired theoretical knowledge.

50
 D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation.

F. Course Contents:

Unit Contents

01 Concepts of IS and LM Curve: The Goods Markets and the IS Curve, The Assets
Markets and The LM Curve, Equilibrium of Goods and Assets Markets.
02 International Linkages: The balance of payments, Exchange rates- fixed
exchange rate and floating exchange rate, clean and dirty floating exchange rate.
Devaluation and revaluation of money, Capital mobility and perfect capital
mobility, Internal balance and external balance-Policy Dilemma, The Mundell-
Fleming model.
03 Theories of Consumption: The Life-cycle hypothesis, The Permanent income
hypothesis, Relative income hypothesis, The Determinants of consumption in
LDCS.

04 Theories of Investment: The Accelerator Model of Investment, The Adaptive

Expectation Model of Investment.
05 Demand for and Supply of Money: Basic Concepts, Components of Money, The
Transaction Demand, The Speculative Demand, The Precautionary Demand,
Demand for Money Theory–Baumol’s Inventory Theoretic Approach, Tobin’s
Portfolio Balance Approach, Friedman’s Version of Quantity Theory. The Supply
of Money: The Mechanism of Monetary Expansion, The Money Supply Function,
The High-Powered Money, Money Multiplier
06 Monetary Policy: Definition, Instruments of Monetary Policy, The Classical and
Keynesian Cases.
07 Fiscal Policy: Definition, Instruments of Fiscal Policy, The Crowding Out Effect,
The Keynesian and Monetarist Views of Fiscal Policy.
G. Books Recommended:

1. R. Dornbusch and S. Fischer : Macroeconomics; 6th ed. McGraw-Hill, 1994

2. W.J. Branson : Macroeconomic Theory and Policy
3. M. A. Taslim : Macroeconomics
4. Froyen : Macroeconomics: Theory and Policy

Course Code and Title: EC 2202: Human Resource management

Full Marks: 100, Credit Hours: 03

51
A. Rationale:
The course is designed to make the student on oriented with the basic managing
procurement of people at work which is helpful to them in advanced courses.
B. Course Objectives:
The student will-
• Understand how to build an efficient and disciplined workforce
• Learn about the effective use of Human Resource
• Analyze to build up a strong morality
• Analyze the job analysis and its different methods, selection, training and
development, performance and industrial relations
C. Intended Learning Outcomes (ILOs):
• Explain what Human Resource Management is and how it relates to the
management process
• Show with examples why Human Resource Management is important to all
managers
• Briefly discuss and illustrate each of the important trends influencingHuman
Resource Management
• Define and give an example of evidence based Human Resource
Management
• Illustrate the Human Resourceresponsibilities of line and staff managers
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.

E Assessment strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz

Test without notice, presentation.

F. Course Content
Unit Content

01 Concept of Human Resource Management, Models of HRM, Function,

Importance and Objective of HRM, Features and Characteristics of HRM,
Motivation.

O2 Human Resource Planning: Definition, Objective of HRP, HRP Process, HRP

Framework.

03 Job Analysis: Definition, Its Different Methods, Steps of Job Analysis, Purpose
of Job Analysis, Multifaceted Nature of Job Analysis.

04 Selection: Definition, Process of Selection, Interview, Becoming a Good

Interviewer.

05 Training and Development: Definition, Principle of training, Determining

52
 Training Needs, Methods of Training and Development for Employees,
Evaluation of the Effectiveness of Training Program.

06 Performance Appraisals: Definition, Steps to be Followed for Effective

Appraisals of a Program, Methods of Performance Appraisal, Process of
Performance Appraisal, Pitfalls/Limitations of Performance Appraisal.

07 Industrial Relations: Definition, Barriers to Good Industrial Relations, Definition

of Trade Union, Reasons for Joining Trade Union, Impact of Trade Unionism on
Management, Weakness of Trade Union, Definition of Collective Burgeoning,
Collective Burgeoning Process.

G. Books Recommended:

1. Devid A. D. & Stephen P. R. : Human Resource Management

2. Gary Dessler : : Human Resource Management

3. Byers & Rue : Human Resource Management

4. R.S. Dwevedi : Human Resource Management

Course Code and Title: EC-2203: Patterns of Economic Development.

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is designed with the selected countries development pattern and
models to show how they are developed today with their historical attitude
towards development and the students will be able to understand the
development process and apply that process in Bangladesh perspective.

B. Course Objectives: This course offers development experiences of selected

countries and the models of their success. After completing the course the students
will:
i) acquire knowledge about the overall development process and sectoral
development strategies of selected countries they achieved in economic
success;
ii) afford knowledge of development experience of selected countries and
apply that experience in Bangladesh perspective.

53
 C.Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• gather knowledge regarding manorial system, cause and effect of
agricultural revolution, industrial revolution and trends in the economy
Since World War-II of Great Britain.
• gather knowledge regarding American war of independence and its
consequences, American civil war, agricultural development process
and Growth of the US Industry and Foreign Trade.
• understand Japanese development pattern through break down of the
reign of Toukagua (Feudalism),Meiji restoration, role of small-scale
industry and the role of state policy .
• learn Soviet policies of agricultural and industrial development, reasons
for disintegration of the USSR and problems and prospects of CIS.
• learn Chinese land reform, market reform, rural industrialization and
modernization of agriculture, industrialization, mobilization and
utilization of surplus labor.
• Understand South Korean and Malaysian development pattern through
macroeconomic stability, export-import openness and state intervention
in industrial policies.
• Analyze the facts of their development pattern and apply the experience
in Bangladesh perspective.
D.Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation.

F. Course Contents:
Unit Content

01 Agrarian Revolution in the UK: Manorial System and other Agrarian

Revolution in U.K, Prior to Industrial Revolution, The Break Down of
Feudalism in UK, Industrial Revolution and Financial Capitalism in the UK,
Trends in the British Economy Since World War-II.
O2 American War of Independence: The American War of Independence and it’s
Consequences, The Process of Agricultural Development in the USA, The Role
of State Intervention and Policy in the Economic Development of the USA. The
Growth of the US Industry and Foreign Trade.
03 The Reign of Toukagua in Japan: Causes of Break Down of the Reign of
Toukagua (Feudalism) in Japan, Meiji Restoration in Japan. Role of Small-Scale
Industrial Development. The Role of State Policy in the Economic Development
of Japan.
04 Soviet Planning: Policies of Agricultural and Industrial Development in the
USSR, Reasons for Disintegration of the USSR, Different Plans of the USSR.
Problems and Prospects of CIS.

54
 05 China: Land Reform and Interventionist Policies until the Late 1970s. Market
Reforms since 1970 in China, Rural Industrialization and Modernization of
Agriculture, The Process of Industrialization, The Mobilization of Labor Forces
and Utilization of Surplus Manpower.
06 South Korea: Land reforms, Macroeconomic Stability, Export Drive,
Investment in Human Resources, Selective Industrial Policies, The Role of State
Intervention and State Policy in the Economic Development of South Korea.
07 Malaysia: Macroeconomic Stability, Investment in Human Resources, Import
Openness, State Owned Enterprises.

G. Books Recommended:
1. Jardan and Jardan : The Economic History of Great Britain
2. Southgate : Economic History of U. K.
3. Faulkner : American Economic History
4. Lock wood : Economic History of Japan
5. World Bank : Economic Growth and Public Policy
7. A Maddison : Economic Growth of USSR and Japan (OECD)
8. World bank : The East Asian Miracle
9. Prybyla : Political Economy of Communist China
10. Fite and Reese : An Economic History of the United States

Course Code: EC-2204 Course Title: Economic Planning

Full Marks: 100 Credit Hours: 03

A Rationale
This course is introduced due to exploring the different approaches of planning
for achieving economic development subject to enormous obstacles inherent in
developing countries.
B. Course Objectives:
The objective of this course is to introduce students to the basic concepts and
issues regarding economic planning. Topics cover definition and types of planning,
planning models, policy instruments, social and political decision in planning, different
approaches, planning objectives and their inter-relations, problems in implementing plan
etc. The course will also enable the students to get in touch with the burning
issues of the economy. After successful completion the students will be able to
i) be aware with the basic issues of economic planning;
ii) understand the planning models and their applications in formulating plan;
iii) understand the significant roles of planning in enhancing economic
growth, modernizing the economy, making the economy self-reliant,
removing unemployment, reducing income inequalities, removing

55
 imbalances in regional development etc;
iv) acquire knowledge for the critical appraisal of plan and planning models.
C. Intended Learning outcomes (ILOs)
At the end of this course students will be able to

• Understand the elementary concepts of planning, types of economic planning

and problems associated with the implementation of planning;
• Be acquainted with planning organizations of an economy;
• Recognize different policy instruments, target variables, required parameters,
social and political issues in planning and considering alternatives at every stage
of planning;
• Gather knowledge about different planning models and tools;
• Analyze different projects based on their acceptable criteria;
• Know the ways of financing different investment projects and have
experience regarding different perspective planning in the economy.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case study, Discussion
E. Assessment strategy: Question Answer, Tutorial, Class test, Assignment, Quiz
test without notice, Presentation

F. Course Contents:

Unit Contents

01 Introduction: Definition, Rationale for planning in developing economics,

Types of planning, Planning as a combination of economic theory, Politics and
management plan and tools of economic control, Plan and market, Shift in
emphasis, Important considerations in choosing particular planning models, The
crisis in planning: problems and implementation and plan failures.
02 Organization of Planning: Internal relation of central planning organ with
other institutions, e.g. Ministry of finance, Other Ministries, Statistical organs,
Annul budget etc.
03 General Methodology: Policy instruments, Target variables and data variables,
Parameters, Planning as a system and its different sub-system (sectoral, regional,
project), Social and political decision making in planning, Different approaches,
Planning objectives, their interrelations, Some development alternatives in LDCs
and their reflection in planning.
04 Some Simple Techniques of Planning: Harrod-Domar model, Planning and
projecting growth and investment, Mahalanobis model: Long term growth and
saving policy, Input-output model, Sectoral break up of plan targets, Some
applications of input-output model, MLDCs problems and prospects, CGE
Model.
05 Introduction to Project Appraisal: Cost-benefit analysis, Financial and
economic analysis, NPV, IRR, Shadow price, Discount rate, Benefit-cost ratio

56
 etc.
06 Financing Plan: Mobilization of resources- domestic and external, Implications,
Foreign Aid.
07 Planning in Bangladesh: History and organization, Objectives and strategies in
different 5-year plans, Plan implementation in Bangladesh.

G. Books Recommended:
1. Todaro and Smith : Economic Development (Latest edition)
2. M.P. Todaro : Development Planning
3. N. Islam : Development Planning in Bangladesh
4. Gills. M Perkings D.H. et al. : Economics of Development
5. Ghatak. S : An Introduction to Development Economics
6. Meier. G.M. : Leading Issues in Economic Development

7. Eatwell. J. : Economic Development and Planning

8. Mahbub-ul-Hoque : Human Development- South Asia

9. W. A. Lewis : Development Planning

Course Code and Title: EC-2205: Resource Economics

Full Marks: 100, Credit Hours: 03

A. Rationale:
Global resources are depleting day by day. Presently, near about 7,500 million
people are living in this globe. To fulfill their day to day requirement people, use
resources. As Bangladesh is a developing country and there is a huge burden of
population; hence, it is very much essential for a student to study resource
economics to understand the reality of supply-demand mismatch in this respect.
B. Course Objectives:
The aim of this course is to:
• Provide basic knowledge about resource consciousness and functional aspects
of resources.
• Make students aware about measuring and mitigating natural resource scarcity.
• Build up consciousness regarding existing resources of Bangladesh and its
preservation and conservation.
C. Intended Learning Outcomes (ILOs):
At the end of the course the students will be able to
i) Demonstrate all types of global resources and their proper use.
ii) Categorize resources on the basis of degree of economic importance.
iii) Use measurement techniques to estimate natural resource scarcity.

57
 iv) Learn how to mitigate natural resource scarcity.
v) Appraise strategies aimed at resource preservation and conservation.
vi) Prescribe policy issues in the way of preservation and conservation of natural
resources.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Introduction: Ecosystem definition and ecosystem condition, Resource and

environment relationship, and Natural environment as resource supplier, Eco-
feminism.
02 Problems of Resource Scarcity: Meaning and measures of natural resource
scarcity; Economic growth and resource depletion.

03 Renewable Natural Resources: Characteristics of renewable resources, A

model of optimal use of a renewable resource, A simple growth curve,
Maximum sustainable yields. The growth-stock relationship, A profit
maximization objective, Introducing costs and revenues, the competitive
solution, The problems of market failure, The open access solution, A more
complete model introducing time.
04 Non-renewable Natural Resources–Energy and Mining: The theory of
optimal depletion, optimal resource pricing, Alternative sources of technologies.
05 Pollution as an Externality: Biological and economic concepts of pollution, An
optimal level of pollution, Divergence of private and social optima, Who
pollutes-policies to encourage abatement- Standards, taxes etc., Bargaining
solution and the Coerce Theorem.
06 Pollution Control: Pollution control in mixed economics and centrally planned
economies, developed and developing countries.
07 Different Natural Resources: Sources, Uses, Problems and environmental
aspects of Land, Water, Fisheries, Forests, Energy Resources- Strategies for
Conservation.
08 Natural Resources and Environment Management: Government policies on
environment management.

G. Books Recommended:
1. Anthony C, Fisher : Resources and Environmental Economics

58
 2. Oliver S. Owen : Natural Resource Conservation and Ecological Approach
3. Ian Carthorse and C. Clark : The Economics of Irrigation, ELBS, 1983
4. David W. P. and R K Turner : Economics of Natural Resources and the Environment
5. P D Sharma : Ecology and Environment
6. Tom Tietenberg : Environmental and Natural Resource economics
7. Teitenberg : Environmental Economics and Policy

THIRD YEAR: FIRST SEMESTER

Course Code and Title: EC-3101: Microeconomics

Full Marks:100 Credit Hours: 03

A. Rationale:
This course introduces economic analysis of individual, business, and industry
choices in the market economy.

B. Course Objectives:
The specific objectives are to:
• Understand the advanced issues of microeconomics.
• Develop ability to understand economic relationship.
• Understand and analyze the nature of consumer and producer behavior.
• List the determinants of the demand and supply for a good in a competitive
market and explain how that demand and supply together determine
equilibrium price.
• Understand the efficiency and equity implications of alternative market
structures.

C. Intended Learning Outcomes (ILOs):

At the end of the course the students will be able to
• Gather basic knowledge regarding concepts used in microeconomics and
the theories developed through using these concepts.
• Understand that economics is about the allocation of scarce resources, that
scarcity forces choice, tradeoffs exist and that every choice has an opportunity
cost. Demonstrate these concepts using a production possibility frontier
diagram.
.
• Understand the role of prices in allocating scarce resources in market
economies and explain the consequences of price controls.
• Define an externality and a public good and why explain the presence of
externalities andpublic goods make markets inefficient. Analyze various
government policies aimed at solving these inefficiencies.
• Understand the costs of production and how profit-maximizing firms determine
how much to produce.
• Be able to distinguish between long-run decisions and short-run decisions.

59
 Distinguish between perfect competition and imperfect competition
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation

F. Course Contents:

Unit Contents

01 Consumer Choice: Rational preferences and choice rules -Weak axiom of

revealed preference and the proof of the law of demand, A linear expenditure
system, Existence of the utility function and its properties, Marshallian demand
functions and their properties, Duality in consumption, Indirect utility function and
its properties.

02 General Equilibrium: Partial and general equilibrium, Walrasian equilibrium,

exchange and production, Core and equilibrium, Existence, uniqueness and
stability of equilibrium, Redundant equation, Pitfalls in the determining price level,
The homogeneity postulate, Dichotomy of pricing on real and monetary sectors,
Says Identity & real balance effect, Contingent commodities, Critique of general
equilibrium theory.

03 Input-Output Analysis: The basic idea, Nature of production function and the
input co-efficient Matrix, Concept of final demand, Solution for appropriate levels
of output given final demand, Closed and open input-output models, Static and
dynamic input-output model.

04 Theory of Game: Pay off Matrix of a Game, One shot game, Non co-operative
game theory, Games in extensive form, Games in normal and strategic form,
Mixed strategies, Co-operative bargaining game, Bargaining as a non co-operative
game, Solution, Concepts for non-cooperative games.

05 Welfare Economics: Definition, Concepts of Pareto Optimality, Optimality in

consumption and production, Perfect competition and attainment of Pareto optimal
outcome, Pareto criterion and compensation criteria for welfare judgment, Social
welfare function, and its derivation. Arrow's impossibility theorem.

G. Books Recommended:

1. A. Koutsoyiannis : Modem Microeconomics

2. Henderson and Quandt: Microeconomic Theory - A Mathematical Approach
3. A Varian : Intermediate Microeconomics
4. Layard and Walters: Microeconomic Theory McGraw Hill-1978
5. H. A. Green : Consumer Theory
6. Y. Friedman : Game Theory with Applications to Economics
7. Walter Nicholson : Microeconomics

60
8. Gravelle& Rees : Microeconomics

Course Code: EC-3102 Course Title: International Economics I

Full Marks:100 Credit Hours: 03

A. Rationale: This course is designed to serve both as a stand-alone course in

international trade theory and policy, and as a foundation for further study of
advanced international trade theory and international economics. The course aims
to provide a framework for consistent reasoning about international flows of
goods, factors of production, and financial assets, trade policy and monetary
policy in an open economy.
B. Course Objectives: This course seeks to explain the patterns and consequences
of transactions and interactions between the inhabitants of different countries
including trade, investment and finance. The specific objectives of this course
are:
i) to introduce students to basic concepts and issues of international
economics;
ii) to enable the students to comprehend theories of international trade;
iii) to recognize the cause of trade, sources of the gains from trade and the
domestic and international distribution of those gains;
iv) to develop students’ ability to predict the impact of global economic,
political and social policies on Bangladesh.
v) to examine instruments and consequences of trade policy measures
including tariffs and quantitative restrictions.
C. Intended Learning Outcomes (ILO’s): On successful completion of this course,
students will be able to:

1. Compare at the level of formal analysis, the major models of international

trade and be able to distinguish between them in terms of their
assumptions and economic implications.
2. Employ the principle of comparative advantage and its formal expression
and interpretation within different theoretical models.
3. Recognize the cause of trade, sources of the gains from trade and the
domestic and international distribution of those gains;
4. Measurement of gains from trade the creation of regional trading
arrangements such as free trade areas, customs unions and common
market.
5. Apply partial equilibrium and general equilibrium models in analyzing the
economic effects of trade policy instruments such as tariffs, quotas, export
subsidies, dumping, anti-dumping and countervailing duties.
6. Distinguish and critically analyze the main arguments for protection and
conversely be able to critically evaluate the relevance and realism of

61
 arguments for free trade, taking into account the costs and benefits of
trade policy.
D. Teaching Strategy: Lecture, Oral presentation, Multimedia presentation, self-
study, Discussion, Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment,
Q-Test Without Notice, Oral Presentation.

F. Course Contents
Unit Content

01 Theories of International Trade: International trade, distinguish between

interregional and international trade, the basis of international trade; the
mercantilist theory; the trade theory of absolute and comparative advantage;
opportunity cost theory, Hecksher-Ohlin theorem; Leontief Paradox; factor-
price equalization theorem; the Stolper-Samuelson theorem, technological gap
theory of Posner and product cycle theory of Vernon.

02 Trade and Welfare: The gains from trade; measurement of gains from trade,
the determinants of gains from trade, consumption and production gains from
trade, Small country will be greater benefitted from large country with trade-
Explain, national income accounting, national income accounting in an open
economy, twin deficit, foreign trade multiplier, effects of foreign trade
multiplier on income and output.

03 Trade Policy and Restrictions: Instruments of trade policy; different types of

tariff, partial and general equilibrium effects of tariff; effects of tariff on small
and large country, the Stolper-Samuelson theorem on tariffs and income
distribution; the optimum tariff; quota and effects of quantitative restrictions;
equivalence of tariff and quota; relative efficiency of tariff and quota; tariff
and world welfare, other non-tariff barriers, free trade, advantage and
disadvantage of free trade, protection, merits and demerits of protection, the
infant industry argument; effective rates of protection.

04 Commercial Policy: Export taxes; export subsidies, effects of export

subsidies, voluntary export restraints, Cartels, preconditions of a successful
cartel, joint profit maximization of a cartel, advantage and disadvantage of a
cartel, dumping, anti-dumping, Brexit and its effects on EU, international trade
negotiation, role of WTO in US and China international trade negotiation.

05 Theory of Economic Integration: Concept of economic integration and its

forms; Positive and normative analysis of economic integration; customs union
and free trade area; trade creation and trade diversification effects of customs
union, Dynamic benefits from customs union; theory of the second-best,
probability of forming customs union in South Asia.

62
G. Books Recommended:

1. Södersten, Bo : International Economics

2. Chacholiades, M. : International Economics

3. Krugman, P. R. and Obsfeld, M. : International Economics: Theory and Policy

4. Melvin, M. : International Money and Finance

4. Meier, G. M. : International Trade and Development

5. Thirlwall, A. P. : Growth and Development

6. Kindleberger, C. P. : International Economics

7. Johnson, H. G. : International Trade and Economic Growth.

8. Salvatore, D. : International Economics

Course Code: EC-3103 Course Title: Labor Economics

Full Marks:100 Credit Hours: 03

A. Rationale:
This course is introduced to make the students to be able to understand the
functing of labour market and the role played by different players.

B. Course Objectives:
It is a course of wage and employment determination. Topics covered by this
course are the supply of labour, labour force paticipation, the demand for labour,
and the market structure of wages. The objectives of this course are
i) to provide students with knowledge regarding employers’ incentives and
behaviour that determine the labour demand curve, implications of
minimum wage laws, and effect of technological change on labour
demand;
ii) to enhance their knowledge regarding various aspects of workers’ labour
supply behaviour;
iii) to provide the students knowledge regarding the choice of occupation with
different characteristics, workers’ decision to invest in human capital and
other investments to improve their earning capabilities;
iv)to acquaint the students’ policy implications that affect workers’ decision
between work and leisure.
C. Intended Learning Outcomes (ILO’s): On successful completion of this course,
students will be able to:

• know the characteristics of labor market, the role of main players.

63
 • know determinants of labour demand and labour supply and how equilibrium in
the labour market is establised.
• learn the discrimination in the labor market, its dimensions and imact on output;
• learn the role of labour union and government in the labour market.
D. Teaching Strategy: Lecture, Oral presentation, Multimedia presentation, self-
study, Discussion, Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment,
Q-Test Without Notice, Oral Presentation.

F. Course Contents:

Unit Contents

01 Labour Economics: Introduction, Importance of Labour Economics, The Old

and the New concept, Labour economics as a subsystem of the economic system,
payoffs.
02 Demand for Labour: Short-run demand for labour, Perfectly competitive seller,
Imperfectly competitive seller, Long-run demand for labour, Market demand for
labour, Elasticity of labour demand.
03 Supply of Labour: Supply of labour in the short and long-run, work-leisure
decision: Basic model, income and substitution effect, rationale for back ward
bending supply curve, empirical evidence, Elasticity vs. changes in labour
supply.
04 Equilibrium in Labour Market: Equilibrium in a perfectly competitive labour
market, wage and employment determination, monopoly in the product market,
Monopsony in the labourm market, Union techniques to raise wages.
05 Wage Differential: Discrimination and its dimensions, Types of discrimination,
Theories of labour market discrimination, Unions and discriminations, Causes
and effect, Nondiscriminatory factors.
06 Trade Unionism: Introduction, Collective bargaining, A special transaction, A
model of the bargaining process, the Unions wage advantage, Measuring the
wage advantage, Spillover effects, Threat effect, other effects.
07 Government Intervention in the Labour Market: The reason of Government
regulation, Wage and hour legislation, Income security, Measures, Occupational
licensing, Occupational safety and health.

G. Books Recommended:

1. McConnell and Brue : Contemporary Labor Economics

2. Fleisher : Labour Economics
3. Eellante. D. and M. Jackson : Labour Economics
4. McCormick, B. J and E. O Smith, eds. : The Labour Market

64
 Course Code: EC-3104 Course Title: Public Finance
Full Marks: 100 Credit Hours: 03

A. Rationale:
This course provides an introduction to public finance, law and policy, public
budget, tax policy principles and tax reform.
B. Course Objectives:
This course aims to introduce the students to the basic principles of public
finance including tax and expenditure law and policy concerning how to fund
government effectively. It examines the key challenges of fiscal policy in
achieving sufficient revenues, economic prosperity and development and in
addressing social justice and inequality in a context of globalization.

After successful completion of this course students will be able to

• Analyze the functioning of modern public finance.

• Identify the types of public needs and the mechanisms of their financing.
• Argue the theoretical basis of public expenditures and to analyze their types and
economic effects.
• Classify public revenues and integrate them into the fiscal and tax system.
• Classify public revenues and expenditures through the budget and to analyze
the instruments and objectives of budgetary policy.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• Understand the concept of public finance and private finance.
• Analyzegeneral principles of public finance.
• Research and examine key issues and challenges in fiscal policy in a
particulardevelopment or country context.
• Analyze critically tax reforms and policy choices in developed and developing
countries.
• Analyze the instruments and objectives of budgetary policy.

D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation.

F. Course Contents:

Unit Contents
01 Introduction: Concept of Public Finance, Nature and Scope of Public Finance,
Role of Public Finance, Distinction between public finance and private finance.

65
 02 Public Revenue: Concepts, definition and sources, Various types of taxes,
Principles of taxation, its shifting and incidence, Tax revenue trends in
Bangladesh, Ability to pay theory, VAT, Taxation structure of LDCs and
developed countries.
03 Public Expenditure: Incidence of taxation, Herberger model, Principles and
effects of public expenditure, Determination of the level of public expenditure,
Pattern and trend of public expenditure of Bangladesh, Wagner’s hypothesis.
04 Public Debt: Concepts and definition, Its sources and effect, Problem of debt
burden.
05 Theory of Public Good: Concept and Features of Public Goods, Private Goods
and Quasi Social Goods, Market failure, Externalities.
06 Public Budget: Concepts and definition of Public budget, Revenue budget and
development budget, Concept of balanced budget and deficit budget, Deficit
financing and its limitations.
07 Public Budget and Economic Control: Reasons for public ownership,
Efficiency and accountability of state-owned enterprises of Bangladesh, and
their effect on public budget.

G. Books Recommended:
1. Musgrave and Musgrave : Public Finance in Theory and Practice
2. Musgrave : Public Finance
3. Harvey S. Rosen : Public Finance

Course Code and Title: EC-3105: Environmental Economics

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course attempts to equip students with economic concepts, methods, tools and
techniques for analyzing environmental phenomena.
B. Course Objectives:
The aim of this course is to:
• Develop understanding of the interrelationship between environment and
economics.
• Train up students to identify the impact of externality on market failure.
• Motivate students to address environmental pollution in Bangladesh from
economic viewpoint.
C. Intended Learning Outcomes (ILOs):
At the end of the course the students will be able to
i) Understand interrelationship between economics, environment

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 ii) and resources.
iii) Identify how externality influences market failure.
iv) Apply economic approaches and instruments to solve environmental problems.
v) Estimate environmental benefits and costs.
vi) Evaluate environmental decision-making process.
vii)Diagnose causes and extent of environmental pollution in Bangladesh.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:

Unit Contents

01 Introduction: Relation between economics and the environment; Circular flow

model; Material Balance Model; Types of pollutant; Sources of pollution;
Pollution heaven hypothesis; Scope of environmental damage; Damage function;
Environmental quality; Sustainable development; Risk analysis; Pollution
reduction versus pollution prevention.
02 Dealing with Resources: Types of resources; Theory of optimal harvest of
renewable resources; Static model of effort-harvest function; Revenue and cost
strategy of a profit maximizing firm dealing with renewable resources;
Fundamental principle of exhaustible resource extraction and use.

03 Market Failure: Public good; Externality; Modeling the market of environmental

quality – a public good; Modeling environmental damage as a negative externality;
External cost; Competitive versus efficient equilibrium; Property right; Coase
theorem; Common property resources.

04 Conventional Solution to Environmental Problems: Command and control

approach; Environmental standard; Allocative efficiency of standards; Cost
effectiveness; Equi-marginal principle of optimality.
05
Economic Solution to Environmental Problems: Market instruments; Pollution
charge; Subsidy; Deposit-refund system; Pollution permit trading system.
06 Valuation of Environmental Benefits and Costs: Incremental benefit; User
versus existence value; Damage function method; Political referendum method;
Contingent valuation method; Averting expenditure method; Travel cost method;
Hedonic price method; Engineering approach; Survey approach.

67
 07 Strategic Planning for Sustainable Development: Sustainable development;
Conflict between economic gain and environmental quality; Industrial ecosystem;
Industry‟s response to pollution; Agenda 21.
08 Environmental Pollution in Bangladesh: Major polluting sources; Threats;
Environmental pollution – local, national and global perspectives; Impacts of
pollution; Environmental policy.

G. Books Recommended:
1. Anthony C, Fisher : Resources and Environmental Economics
2. Oliver S. Owen : Natural Resource Conservation and Ecological Approach
3. Ian Carthorse and C. Clark : The Economics of Irrigation, ELBS, 1983
4. David W. P. and R K Turner : Economics of Natural Resources and the Environment
5. P D Sharma : Ecology and Environment
6. Tom Tietenberg : Environmental and Natural Resource economics
7. Teitenberg : Environmental Economics and Policy

THIRD YEAR: SECOND SEMESTER

Course Code: EC-3201 Course Title: Macroeconomics
Full Marks: 100 Credit Hours: 03

A. Rationale: This course prepares the student to understand the economic structure of
Bangladesh and its place in the world economy, to interpret common economic
measures, to understand the processes of governmental fiscal and monetary policies,
and to evaluate individual decision-making from an economic perspective.
B. Course Objectives: The purpose of this course is to enable the students to diverse
experiences of different macroeconomic aspects. It enables the students to understand
the working of the economy at the aggregate level. It also provides them with an
understanding of exchange rate determination, monetary and fiscal policy in an open
economy and their implications. At the end of this course, the students will be able
to:
i) Analyze the forces that determine changes in Macroeconomic performance;
ii) Understand the relationship between the domestic and the international
economics;
iii) Enhance knowledge in analyzing macroeconomic concepts and theories in
order to enable them to understand the working of the economy at the
aggregate level.
iv) Enable the students to analyze the process of economic growth, reviewing
alternative approaches and suggesting policy implications.
v) Learn to critically evaluate macroeconomic models and its applications in real

68
 field.
C. Intended Learning Outcomes (ILO’s): At the end of the course the student will be
able to:

1. Understand issues related to the balance of payments, exchange rate, devaluation,

capital mobility, internal balance and external balance, Mundell-Fleming model
and analyze the key difficulties of built in stabilization policy and policy dilemma.

2. Analyze macroeconomic fluctuations using Classical and Keynesian

macroeconomic models, Lucas equilibrium and gained knowledge in policy
making purposes.

3. Understand issues related to international capital flow, the Jorgenson’s model, Q-

theory of investment, Empirical analysis and estimation of investment function.
4. Understand how government budget deficits occur, how to finance the budget
deficit, evaluate circumstances under which the public debt could be a burden to
future generations and analyze the macroeconomic effects of government budget
deficits

5. Explain Harrod-Domar growth models to understand how the economy reaches to

a steady-state growth, Neo-Classical (Solow growth model) to analyze the impact
of technology change on growth and apply results for the analysis of economic
growth.

6. Analyze the rational expectation hypothesis, the basic model and the frictionless
neoclassical model of the labor market, the market clearing approach and a new
Keynesian alternative.

D. Teaching Strategy: Lecture, Multimedia presentation, self-study, Discussion,

Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment, Q-
Test Without Notice, Oral Presentation.

F. Course Contents:
Unit Contents

01 Review of International Linkages: The balance of payments, Exchange rates:

fixed exchange rate and floating exchange rate, clean and dirty floating exchange
rate; Devaluation and revaluation of money, Capital mobility and perfect capital
mobility, Internal balance and external balance, Policy Dilemma, The Mundell-
Fleming model, Built in stabilization policy.

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 02 Theory of Income & Employment: Review of Classical and Keynesian income
and employment theory, New classical theory of determination of income and
employment in general equilibrium context, Foundation of new classical theory,
Lucas supply and Lucas demand curve, Lucas equilibrium, Comparison of new
classical theory with classical and Keynesian theory
03 Capital and Investment Theory: Neoclassical theory of investment, Jorgenson’s
investment model, Tobin's Q Theory of Investment, Empirical analysis and
estimation of investment function.

04 Budget Deficits and the Public Debt: Budget deficits, cyclical and structural
budget deficit and balance, the mechanics of financing the budget, the size and
determinants of deficits, the burden of public debt.
05 Introduction to Growth Models: The basic framework of one sector growth
models, Harrod-Domar condition of equilibrium growth, Harrod-Domar steady
state growth path, Neo-classical growth model: Solow growth model, effects of
savings and technical progress on Solow model, The Meade growth model, The
Kaldor growth model.
06 Rational Expectations: Adaptive expectation hypothesis, The rational expectation
hypothesis, The basic model with expectations exogenous, The basic model with
expectations endogenous, Phillips curve under rational expectation hypothesis,
Adaptive VS rational expectations, The frictionless neoclassical model of the labor
market, The market clearing approach, A new Keynesian alternative.

C. Books Recommended:

1. Dornbusch, R. and Fischer, S. : Macroeconomics

2. Dornbusch, R., Fischer, S., and Startz, R. : Macroeconomics
3. Branson, W. J. : Macroeconomic Theory and Policy
4. Froyen, R. T. : Macroeconomics Theory and Policy
5. Vaish, M. C. : Macroeconomics Theory

Course Code and Title: EC-3202: Development Economics

Full Marks:100 Credit Hours: 03

A. Rationale:
This course aims to introduce students to the basic concepts and issues regarding
economics of development and under development.
B. Course Objectives:
This course aims to introduce students to the basic concepts and issues regarding
economics of development & under development. Included topics are: theories of

70
 economic growth and development, domestic and external finance and human resource for
development; the roles of international trade, investment, technology and government in
the development process. The course will also enable the students to get in touch with the
burning issues of the economy.

After successful completion of the course, the students are expected to

i. be familiar with the distinctive environmental, technical and social characteristics

of developing countries;
ii. understand the processes of structural change and social change which occur
during development;
iii. recognize the importance of institutions, technological change and international
trade, aid, and investment for the development process.
iv. have knowledge for the critical appraisal of theories of economic
development.
C. Intended Learning Outcomes (ILO’s):

At the end of this course students will be able to

• Have elementary knowledge about economic development, economic growth,

determinants of development, issues of LDCs and DCs;
• Gather lessons from the theories of development and theories of growth;
• Enrich their knowledge with dualistic development approach;
• Understand and analyze different issues of development like poverty, inequality,
women empowerment, microfinance, MDGs and SDGs;
• Evaluate HDI and assess the mobilization of internal and external resources
devoted to economic development.
D. Teaching Strategy: Lecture, Multimedia presentation, self-study, Discussion,
Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment, Q-
Test Without Notice, Oral Presentation.

F. Course Contents
Unit Content

01 Introduction: Meaning of economic development, Growth vs. development, Developing

countries, Measurement of economic development, Alternative measures of economic
development-PQLI and HDI, Determinants of development, Lessons for LDCs from the
late developers.

02 Theories of Development: An overview of the general theories of development, Classical

views: Smith, Ricardo, Mill and Malthus, The Marxian view, Institutional Views,
Schumpeter, Rostow, Innis and Polany.

03 Theories of Economic Growth: Harrod-Domar growth model and its limitations, The
Solow-Swan neoclassical growth model, Endogenous growth theory, The Big Push
model, Balance and unbalance growth, O-Ring model.

04 Poverty, Inequality and Development: Measuring inequality, Poverty measurement,

Incidence, poverty gap and severity of poverty, Human Poverty Index (HPI), Poverty

71
 alleviation, Microcredit system, Kuznets’ Inverted U- hypothesis.

05 Specific Issues: Woman and Development, Microcredit and development, Technology

transfers, Millennium Development Goals (MDGs) and SDGs.

06 Human Development: Concepts and measures, Human Development Index,

Measurement and problems, Human capital, Income generation, Health and Education,
Social Safety net.

07 Foreign Direct Investment, Foreign Aid and Development: Concepts, Historical role,
Impact of foreign aid on development. The international flow of financial resources,
Foreign direct investment (FDI) and the multinational corporations.

G. Books Recommended:
1. Todaro and Smith : Economic Development (latest edition)
2. A. Bagchi ` : Political Economy of Underdevelopment

3. Gills M Prekings et.al.: Economic of development

4. Meier, G. M : Leading in economic development

5. Thirlwall, AP : Economic Growth and Development

6. Amartya Sen : Poverty and Hunger

7. Anthony Brewer : Marxist Theories of Imperialism

8. Amartyasen : Poverty as Freedom

9. Rizwanul Islam : Unnayaner Orthaneeti

Course Code and Title: EC-3203: Population Economics

Full Marks: 100, Credit Hours: 03

A. Rationale:
The course is designed to make for advanced studies of population economics
with the appropriate tools of demography to be used in applied field.
B. Course Objectives:
This course introduces the students to the conceptual, theoretical, and analytical
aspects of population studies. It helps the students in enhancing knowledge of
advanced population theories and its application to field data.
C. Intended Learning Outcomes (ILOs):
On successful completion of this course, students will be able to
i) acquire knowledge about various issues and concepts of population
economics;

72
 ii) learn about population change, its components, fertility & reproduction,
mortality, population projection etc.
iii) understand various population theories and their implications;
iv) understand the causes, consequences and determinants of internal and
external migration;
v) understand the impact of government policies taken by both Government and
non-government in controlling population and policy measures concerning
the improvement in human resources of Bangladesh.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Introduction: Population science as a field of study.

02 Demographic Data: Types and sources of demographic data, Census, Survey,

Registration, Accuracy and errors, Completeness of coverage.

03 Different Methods of Measurement of Population Size: Rates and ratio,

Balancing equation, Population distribution, Geographic areas, Population
density, Age, Sex, Composition, Marital status, Educational characteristics,
Economic characteristics.

04 Population Dynamics: Morality: Measures of morality, Factors affecting

morality, Life table, Demographic models, Fertility, Measures of fertility,
Factors affecting fertility, Migration: Measures of migration, Factors affecting
migration.

05 Measures of Population Growth and Projection: Population pyramids,

Population theory and policy.

06 Population Theory: Theories of population growth, Pre-Malthus, Socialist views,

Modern views, Optimum population, Theory of demographic transition.

07 Theories of Migration: Push and pull hypothesis, Selectivity hypothesis, Neo-

classical theory of investment, Lewis and Fei-Ranis model of labour transfer
and economic development, The Todaro model.

08 Population and Development: Family planning in Bangladesh and its impact,

Other policies of population control, Some policies concerning the
improvement in human resources of Bangladesh.

73
G. Books Recommended:
1. H.S. Shryock and J.S. Siegel: The Methods and Materials of Demography
2. D. J. Bogue, : Principles of Demography
3. G.W., Barclay : Techniques of Population Analysis
4. United Nations : Determinants and Consequences of Population
Trends
5. Berelson : Family Planning Thoughts at the World
6. Chandrasekhar (ed.) : Asia’s Population Problems
7. Census Results of Bangladesh and Family planning Programs of the Government
of Bangladesh, India, Taiwan, Japan and Pakistan.

Course Code and Title: EC-3204: Industrial Economics

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is designed as the amalgam of many courses such as microeconomics,
macroeconomics, international economics, development economics, welfare economics,
and finance to apply economics in practical field.
B. Course Objectives: This course aims to introduce the students with various
conceptual and theoretical aspects of industrial economics and their applications in
practical field. After successful completion of this course students will be able to:

• learn about various theoretical and conceptual aspects of industrial

economics;
• acquire knowledge regarding various incentives mechanism for the production of
industrial goods;
• establish a close co-ordination between industry and other sectors of the
economy especially agriculture and mining;
• be able to create public awareness in the various regions regarding the need for
industrial development;
• demonstrate knowledge regarding location of industry; pricing policies of
industrial goods, industrial finance and industrial efficiency;
• create and develop appropriate incentives to promote industrialization;
• utilize various policy instruments and incentive systems to promote
environmental protection.

C.Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Gather knowledge regarding scope and opportunity of industrial
economics and various markets with the application of market concepts
especially advertising and pricing strategies in industrial economics.
• Understand and application of financial economics in industrial
economics.
74
 • realize efficiency maintenance and decision-making process in industrial
production
• learn the role of govt. for regulatory measures for industrial production
safe limit and at the same time environmental protection for next
generation as sustainable development process.
• Analyze real life happenings in the sphere of this course, on the basis of
acquired theoretical knowledge.
D.Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit
Test without notice, Presentation.

F. Course Contents:
Unit Contents

01 Perspective of Industrial Economics: The scope of industrial economics, A

framework of industrial economics, The early theory of the firm, Monopolistic
competition, Passive and active behavior of firms.

02 Pricing Policies of Industrial Products: Situation for pricing decisions, Pricing

procedures, Pricing in public enterprises, Pricing under uncertainty, Predictions of
price theory, Price behavior and market structure.

03 Industrial Finance: Need for industrial finance, Types of finance, Sources of

finance, Flow and cost of funds, Financial organization and intermediaries,
Analysis of financial decision, Contribution of various sources of finance in
Bangladesh, Choice of funding, Internal vs. external sources.

04 Industrial Efficiency: Concepts and types of efficiency, Determinants of

efficiency, Measurement of efficiency levels, Efficiency conditions in the theory
of industrial production, Efficiency and decision-making process.

05 Advertising: Role of advertising, Models of advertising behavior, A mode of

advertising expenditure, Advertising and market structure, Advertising and
barriers to entry.

06 Market Structure, Entry and Exit: Measurement of seller concentration, Entry

conditions and market structure, Product differentiation as a barrier to entry,
Financial market, Emperical studies of market structure, Entry, Exit, Empirical
studies of entry and exit.

07 Government Regulation of Industry: Need for government regulation in

industry, Ways and means of government regulation of industries, Legal
framework of industrial regulation in developing countries with reference to
Bangladesh.

75
G. Books Recommended:

1. Barthwal, R.R. Industrial Economics: An Introductory Text

Book; New Age International Publishers, 2004.

2. Hay, D.A. and D.J. Morris Industrial Economics and Organization: Theory

and Practice, International Student Edition, 1991.

3. Martin, S. Industrial Economics: Economic Analysis and

Public Policy, Macmillian Publishing Co, 1989.

4. Martin, S. Advanced Industrial Economics, Oxford, Black

well,1993.

Course Code and Title: EC-3205: Financial Economics

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is designed with an introduction to the economics and mathematics of
financial markets to provide knowledge of finance in economic project implementation
along with risk and uncertainty management for efficient policy making.
B. Course Objectives: This course provides a rigorous introduction to the
fundamentals of modern financial analysis and their applications to business
challenges in capital budgeting, project evaluation, corporate investment and
financing decisions, and basic security analysis and investment management.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Gather knowledge regarding concepts, scopes and opportunities of
finance and financial economics with financial decision making for
household and businesses.
• know various financial institution and their financing methodologies.
• Understand how to measure financial performance with various rates and
ratios.
• learn about discounting, compounding and calculating various financial
instruments.
• understand risk management process.
• Analyze real life happenings in the sphere of this course, on the basis of
acquired theoretical knowledge.

76
 D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation.

F. Course Contents

Unit Contents

01 Financial Economics: Concepts and scope of finance and financial economics,

Financial Decisions of Households, Financial Decisions of Firms, Forms of
Business Organization, Financial System, Financial Innovation and the "Invisible
Hand",

02 Financial Markets and Institutions: Finance and financing, Internal versus

External Financing, Equity Financing, Debt Financing, Secured Debt, Conflicts
between Shareholders and Creditors, The Five Financing Methods, Creating New
Opportunities for Stakeholders, Financial Markets, Financial Intermediaries,
Banks, Other Depository Savings Institutions.

03 Managing Financial Health and Performance: The Balance Sheet, The

Income Statement, The Cash Flow Statement, Functions of Financial Statements,
Market Values versus Book Value, Analysis Using Financial Ratios, the
Relations among Ratios, Constructing a Financial Planning Model, the Financial
Planning Process, the Effect of Financial Leverage

04 TIME AND RESOURCE ALLOCATION: Compounding, The Frequency of

Compounding, Present Value and Discounting, Calculating Future Values,
Saving for Old Age, Future Value of a Stream of Cash Flows, Present Value of a
Stream of Cash Flows, Investing with Multiple Cash Flows, Annuities, Future
Value of Annuities, Present Value of Annuities, Buying an Annuity, Taking a
Mortgage Loan.

05 VALUATION MODELS AND METHODS:

Valuing Shares of Stock, How Information Is Reflected in Security Prices, The
Behavior of Bond Prices over Time, The Basic Building Blocks: Pure Discount
Bonds, Coupon Bonds, Current Yield, and Yield to Maturity, The Effect of the
Coupon Rate, The Efficient Markets Hypothesis, Implications and empirical tests
of the EMH. Cash Dividends and Share Repurchases, Reading Stock Listings,
The Discounted Dividend Model, Does Dividend Policy Affect Shareholder
Wealth?, Dividend Policy in a Frictionless Environment, Stock Dividends,
Dividend Policy in the Real World, Discount Cash Flow Model (DCF). EPS,
D/P, P/E, PVGO, and discount rates.

06 HEDGING, INSURING, AND DIVERSIFYING:

Insuring versus Hedging, The Diversification Principle, Diversification with
Uncorrelated Risks, Portfolio Opportunities and Choice, Portfolios of Many

77
 Risky Assets, The Role of Speculators, The Life Cycle, Risk Tolerance, The
Role of Professional Asset Managers, The Trade-Off between Expected Return
and Risk, Portfolio Efficiency, The Process of Personal Portfolio Selection.

07 ASSET PRICING:
The Capital Asset Pricing Model in Brief, Using the CAPM in Portfolio
Selection, Discounted Cash Flow Valuation Models, Cost of Capital,
Modifications and Alternatives to the CAPM

08 RISK MANAGEMENT AND PORTFOLIO THEORY:

What Is Risk?, Risk Management and Risk Exposure, Risk and Economic
Decisions, The Role of Government in Risk Management, Risk Identification,
Risk Assessment, The Risk-Management Process, Selection of Risk-
Management Techniques, The Three Dimensions of Risk Transfer, Standard
Deviation as a Measure of Risk, Risk and Resource Allocation, Institutions for
Risk Management, Portfolio Theory: Quantitative Analysis for Optimal Risk ,
Probability Distributions of Returns, Risk Transfer and Economic Efficiency.

G. Books Recommended

1. Zvi Bodie, Robert C.Merton, David L.Cleeton: Financial Economics

2. Frederic S.Mishkin: The Economics of Money, Banking, and Financial Markets

3. Le Roy, Stephen and Jan Werner: Principles of Financial Economics, Cambridge University

Press, 2001.

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 FOURTH YEAR: FIRST SEMESTER

Course Code: EC-4101 Course Title: Rural and Urban Economics

Full Marks:100 Credit Hours: 03

A. Rationale:
This course has been designed to give knowledge of Economics to the students
on Rural and Urban development. Therefore, this course is viewed as an
instrument for the students to be a skilled social worker.

B. Course Objectives:
It is undoubtedly acceptable that the rural and urban economy is now crucial for
economic development of a nation. After completing this course, a student will-

• Understand the knowledge about the theories of rural and urban growth
• Learn the knowledge about the causes and effects of rapid urbanization
• Be able to evaluate the programs run by the government of Bangladesh
for to meet up the basic needs of the vulnerable groups in different rural
and urban areas
• Evaluate the information about the responsibilities of different
organization to ensure urban facilities to the urban people and rural
facilities to the rural people.
C. Intended Learning Outcomes (ILO’s): It is expected that the students will
gather

appropriate knowledge of a skilled service holder and would be able to design,

conduct, and evaluate a program through participating in this course. They

would also attain required competency for international job market.

D. Teaching Strategy: Lecture, Oral presentation, Multimedia presentation, self-

study, Discussion, Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment,
Q-Test Without Notice, Oral Presentation.

F. Part A- Urban Economics

Unit Content

01 Introduction: Some commonly used concepts and terms, What is Urban

Economics? Major components of urban economics, What is urban area?
Market forces, Lland rent and land use within cities.

79
 02 Market Forces in the Development of Cities: Comparatives advantages of
cities, Urban development, Trade and transport cost, Economics and
urbanization economics, Shopping externalities, Imperfect substitutes and
complementary goods, Retail clusters, Various local input costs, Role of
government in the location of cities.
03 Urban Economic Growth: Urban labour market and economic growth,
Demand and supply sources of urban labour, Economic base and predicting
urban economic growth, Economic base and input output analysis limitations.
04 Land Rent, Urban Land Use, Controls and Zoning: Urban land rent and
accessibility, Land use in the mono centric city, Rent functions of
manufacturers office, Residential agriculture income, Different trade off, Land
use control, Land use zoning, Types and market effects, Puissance fiscal and
design zoning city without zoning legal basis for zoning.
05 Urban and Economic Development with Special Reference to Bangladesh:
Economic factors and environments that are responsible for urbanization, The
pre-requisites of urbanization, Factors that initiate and ensure continuity of
urbanization process, Differences in the growth pattern of urbanization in the
advanced economy and developing economy. hierarchy.
06 Urban Land Market: Economic and spatial relations within an urban area,
Theories of urban land market, The peculiarity of urban rent and land use,
Various models and also interventions, Government land controls and
zooming political economy of urban land.
07 Urban Hosing Market: Economics of housing production, Urban housing
conditions, Demand and supply of housing, Residential location decisions
housing models, Urban housing market imperfections and various sub-systems
of housing.
08 Urban Transportation: Interrelationships between transportation and other
urban markets, Demand for urban transportation and services.
09 Urban Labour Market: Nature and characteristics of urban labour market,
Urban labour market inefficiencies, Informal labour market and nature of
employment.
10 Urban Poverty: Nature and extent of poverty, Various strategies the urban
poor adapt to survive and its fall out, Policy implications.

Part–B: Rural Economics

Unit Content

01 Introduction: Concepts and definition, Characteristics of Rural sector economy,

Peasant economy, Plantation economy, subsistence and commercial farming,
collective and Capitalist farming.
02 Rural Institutions: Financial market, credit market with reference to the role of
formal and informal institution like NGOs, Krishi Bank etc. water market and labour

80
 market- features and changes.
03 Rural Marketing: Concept of Marketing margin and Marketed surplus- Role of
Middlemen, Functions of agricultural markets-Forced commercialization hypothesis,
Rise of super market and changes in marketing chains.
04 Infrastructure and Rural Livelihoods: Infrastructure and agricultural growth-
Technology diffusion impact on Poverty scenario, Crop diversification
05 Land and Livelihoods: Land ownership and tenurial structure-Productivity and
efficiency of ownership and tenurial arrangements (farm size and productivity),
Landlessness and economic opportunity- Argument for and against Land reforms
06 Non-farm Activities (NFA) and Migration: Todaro’s Migration theory, Causes of
Urban or Rural Migration, Rural Migration, Pusli and Pull factors, Growth of NFAs,
Costs and Benefits.
07 Rural Markets in Bangladesh: Tenancy Credit-Water-Labor-Features and Changes
overtime.
08 Agricultural Policies in Bangladesh: Price, Credit Subsidy and rural development.

G . Books Recommended :
1. Arthr, O ‘Sullivan : Urban Economics
2. Segal David : Urban Economics
3. Edwin S. Mills and B.W. Hamilton : Urban Economics
4. Werner Z. Hirsch : Urban Economic Analysis

5. Mahabub Hossain and Rushidan Islam Rahman : Bangladesher Krishi O

Grameen Unnayan
6. T. W. Schultz : Economics Organization of Agriculture
7. Ghatak and ingersent : Agricultural and Economics Development
8. Darren Warriener : Land Reforms in Principle and Practice
9. G. S Shepbard : Agriculture Price Analysis
10. Mosharraf Hossain (ed) : Agricultural Sector Review

Course Code and Title: EC-4102: Development Institutions and Policies

Full Marks: 100, Credit Hours: 03

A. Rationale:
To provide an overview of development institutions and its functions and
policies.
B. Course Objectives:

81
 • To give students an understanding of development institutions.
• To introduce students to the history and impact on globalization.
• To ensure that students know the interrelationship of development institutions
with trade, markets and capitalism.
• To make students familiar with Transnational Corporations (TNCs), FDI and
Technology Flows.
• To introduce students about Regional and Multilateral Agreements and
Institutions.

C. Intended Learning Outcomes (ILOs):

By the end of the course students will be able to
• Describe the development institutions and its functions and importance.
• Illustrate the factors which affect through development institutions.
• Explain the paradoxes of globalization.
• Review the role of Transnational Corporations (TNCs) on the context of
globalization.
• Appraise Regional and Multilateral Agreements and Institutions.
• Evaluate possible approach of development which is critical for the economy.

D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:
Unit Contents

(A) Introduction: Basic Concept of Development Institutions and Policies.

1) Asian Development Bank (ADB): Objectives, Functions and Policies
2) Asian Infrastructure Investment Bank (AIIB): Objectives, Functions and
Policies
3) Food and Agriculture Organization (FAO): Objectives, Functions and
Policies
4) International Bank for Reconstruction and Development (IBRD):
Objectives, Functions and Policies
5) International Development Law Organization (IDLO); Objectives,
Functions and Policies
6) International Fund for Agricultural Development (IFAD): Objectives,
Functions and Policies
7) ILO: Objectives, Functions and Policies
8) IMF: Objectives, Functions and Policies
9) International Red Cross: Objectives, Functions and Policies
10) Islamic Development Bank (IDB): Objectives, Functions and Policies
11) UN: Objectives, Functions and Policies
12) UNICEF: Objectives, Functions and Policies
13) UNCTAD: Objectives, Functions and Policies

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 14) WHO: Objectives, Functions and Policies
15) WTO: Objectives, Functions and Policies
(B) Non-Government Organization:
1) Action Aid: Objectives, Functions and Policies
2) Adventist Development and Relief Agency: Objectives, Functions and
Policies
3) CARE (relief agency); Objectives, Functions and Policies
4) World Accord- International Development Agency: Objectives, Functions
and Policies
(C) Basic Concept of Development Institutions and Policies in Bangladesh:
1) Bangladesh Bank (BB): Objectives, Functions and Policies
2) Bangladesh Development Bank Limited (BDBL): Objectives, Functions and
Policies
3) BIDS: Objectives, Functions and Policies
5) BRAC: Objectives, Functions and Policies
6) TMMS: Objectives, Functions and Policies
7) Grameen Bank: Objectives, Functions and Policies

G. Books Recommended:
1. Bhattacharjea, Aditya and Marjit, Sugata, Ed, Globalization and the developing
economies: Theory and evidence, New Delhi: Manohar, 2004.
2. Dasgupta, Biplab, Structural adjustment, global trade and the new political
economy of development, New Delhi: Vistaar Publications, 1998.
3. Dunning, John A, Ed, Globalization, trade and foreign direct investment, UK:
Elsevier Science, 1998.
4. Tolentino, Paz Estrella, Multinational corporations: Emergence and evolution,
Routledge, 2000.

Course Code and Title: EC-4103: Econometrics - I

Full Marks: 100, Credit Hours: 03

A. Rationale:
To provide students the mechanism and tools of analyzing various economic
models and forecasting economic variables based upon quantitative economic
models.

B. Course Objectives:
• To introduce students with the intuition, concepts, and statistical tools to
analyze economic data using standard statistical methods and computer
software and examine the standard statistical framework used in economics;
linear regression models.

83
 • To make students an understanding the simple regression model, and its
associated tests, at both a theoretical level and an applied level.
• To give students an appreciation of the multiple regression model and
examines its strengths and problems through a variety of applications to
economic data.
C. Intended Learning Outcomes (ILOs):
At the end of the course students will be able to

• Explain the concept of Econometrics.

• Describe how econometricians proceed in their analysis of an economic
problem.
• Compute the equation of a simple regression line and interpret the slope and
intercept of the equation.
• Develop a multiple regression model.
• Determine whether significance relation between economic variables exist or
not.
• Develop a linear and non-linear trend line and use it to forecast.
• Recognize the existence of multicollinearity in a model.
• Recognize and solve the existence of multicollinearity, heteroscedacity and
autocorrelation problem in a regression model.
• Explain dummy variable regression model.

D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quit

Test without notice, Presentation

F. Course Contents:
Unit Contents

01 The Nature of Econometrics:

Definition and scope of econometrics, goals of econometrics, division of

econometrics, Economic relationship between variables, Economic Theory-
Mathematical Economics-Econometrics. Types of data: cross-section, times
series, pooled, Methodology of Econometrics

02 Two -Variable Regression Model:

The Simple linear regression model, assumptions of the Ordinary Least Squares
(OLS) Estimation method, properties of least squares estimators; R square -
hypothesis testing.

03 The Multiple Linear Regression Model:

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 The K-variable linear model- assumptions of the model- Ordinary Least Squares
(OLS) Estimation, properties of least squares estimators; adjusted R square-
hypothesis testing.

04 Trend Analysis:

Linear & Non-Linear, prediction, Estimation of production and consumption

functions.

05 Multicollinearity:

Definition of multicollinearity, Identifying and dealing with multicollinearity.

Effect on Least Squares estimators and hypothesis tests.

06 Heteroscedasticity:

Defining heteroscedasticity, consequences for regression model estimation.

Testing for heteroscedasticity. Estimating the model adjusting for
heteroscedasticity.

07 Autocorrelation:

Defining autocorrelation, consequences for regression model estimation. Testing

for autocorrelation. Estimating the model adjusting for autocorrelation.

G. Books Recommended:

1. Gujarati,D. N., Basic Econometrics. McGraw Hill, Latest edition.

2. Maddala,G. S., 2001. Introduction to Econometrics. John Wiley, Third Edition.
3. Wooldridge J. M., 2013. Introductory Econometrics. A Modern Approach. South-
Western, Fifth edition.
4. Koutsoyiannis, Theory of Econometrics
5. K.F. Wallis, Applied Econometrics

Course Code and Title: EC- 4104: Research Methodology

Full Marks: 100 Credit Hours: 03

A. Rationale:
This course attempts to familiarize students with the steps of accomplishing a good
research. It will highlight on conceptualization, literature review, objective fixation,
sampling design, data collection and analysis, result and discussion, report writing,
citation and referencing to accomplish a research chronologically. The course is to make
the students familiar with the art of using different research methods and techniques.
Topics include the technique of defining a research problem, various research design

85
 and their characteristics, describing different measurement and scaling techniques,
methods of collection, processing and analysis of data, sampling fundamentals, and the
theory of estimation. The course also attempts to understand the students with
application of computer software like Ms Excel, SPSS, EVIEWS etc.

B. Course Objectives: The main objective of this course is to introduce the students
with the basic concepts and issues of research methodology and its applications. For that
the specific objectives are to:
i) enhance students’ understanding of applying research concepts;
ii) enable students conducting basic quantitative and qualitative research;
iii) enhance students ability in writing research proposal and research report.
iv) use print and electronic library resources effectively and appropriately;

v) enable students to find research result through software application.

C. Intended Learning Outcomes (ILOs):

At the end of this course students will be able to:
• Explain variety of approaches to research.
• Understand the nature of qualitative and quantitative research.
• Criticize research approaches, designs, results and implications.
• Design and use appropriate tools and procedures for data collection and
analysis.
• Write a standard report and deliver research findings in front of academicians
and scholars.

D. Teaching Strategy: Lecture, Multimedia Systems, Presentation, Case Study,

Discussion

H. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz

Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Introduction: Meaning of research, Objectives of research, Characteristics of

research, Types of research, Research process, Problem encountered by
researchers in Bangladesh.
02 Formulating the Research Problem: Definition of a research problem,
Selecting the problem, Techniques involved in defining a problem with
illustration.
03 Formulation of Research Objectives: General and specific objectives,
Characteristics of objectives, Concepts, Indicators and Variables, Identifying

86
 variables, Measurement Scales, Construction of hypothesis, Functions of
hypothesis.
04 Preparing the Research Design: Meaning and importance of research design,
Important concepts relating to research design, Different research designs,
Important experimental designs.

05 Sampling Design: Census and survey, Steps in sampling design, criterion for
selecting a sampling procedure, Random sampling, Need for sampling,
Definition, Sampling distribution, Sampling theory, Concept of standard error,
Estimating population proportion, Sample size and its determination.

06 Methods of Data Collection: Methods of collecting primary and secondary

data, Selection of appropriate methods of data collection, Case study methods,
Research tools, The questionnaire, Types of questionnaire, How to construct a
questionnaire, Piloting the questionnaire.
07 Data Processing and Analysis: Processing operations, Some problems in
processing, Data analysis methods, Qualitative data analysis, Content analysis,
Questionnaire data analysis.
08 Interpretation and Report Writing: Meaning of interpretation, Technique of
interpretation, Writing and presentation of research proposal, Different steps in
writing report, Layout of research report, Precautions for writing research
reports.
09 Application of Computer Techniques in Economic Research: Excel, SPSS,
TSP, EVIEWS.

G. Books Recommended:
1. C. R., Kothari : Research Methodology
2. M.H. Gopal. :An Introduction to Research Procedure in Social
Science
3. C.A. Moser & C. Kalton : Survey Methods in Social Investigation
4. B.N. Ghosh : Scientific Methods and Social Research
5. Nurul Islam : Research Methodology
6. Ranjit Kumar : Research Methodology

7. Sufian, Abu Jafar M., : Methods and Techniques of Social Research

8. M. Gupta & D. Gupta : Research Methodology.

9. Md. Faruk Hasan, Hasina Begum and Fahmida Khatun: Research Methodology in
Social Sciences

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 Course Code and Title: EC-4105: Project Analysis
Full Marks: 100 Credit Hours:03

A Rationale:
This course introduces students to basic concepts and issues regarding project and
analysis of its various aspects. It is very much important specially for the students
of economics, as because, it is the core issue through which most of the
development activities are performed.
B. Course Objectives: The basic objective of this course is to provide knowledge to
the students regarding various aspects of project. The specific objectives are:
i) to gather basic knowledge about various issues of a project
ii) to prepare sound project proposal;
iii) to be able to identify what constitutes a good project proposal;
iv) to enhance students’ knowledge regarding evaluation of a projects;
v) to estimate benefits and cost (private & social), in the presence of market
distortions (e.g. controls, taxes and externalities), and non-marketed
goods (e.g time, noise, safety).
vi) to learn about various aspects for the successful implementation of a
project

C. Intended Learning outcomes (ILOs)

At the successful completion of this course students will be able to:
i) understand the various aspects of a project
ii) prepare a sound project proposal and its major important indicators
iii) learn technical analysis, financial analysis and managerial analysis of a
project.
iv) understand how to evaluate a project successfully
v) learn about various aspects of project management at the implementation
status,
vi) know how to prepare project completion report (PCR)

D. Teaching Strategy: Lecture, Multimedia Presentation, Case study, Discussion

E. Assessment strategy: Question Answer, Tutorial, Class test, Assignment, Quiz

test without notice, Presentation

F. Course Contents
Unit Content

88
 01 Introduction: Concepts and meaning of project, Characteristics of project,
Components of project, Project cycle, Classification of projects in Bangladesh.
02 Project Appraisal: Objectives of project appraisal, Necessity of project appraisal,
Important factors for project appraisal, Classification of project appraisal, Investment
criteria of project, Project analysis.

03 Logical Framework Approach of Project: Objectively Verifiable Indicators (OVI),

Linked hypothesis.

04 Project Evaluation: Concepts, Stages of project evaluation, Techniques of

evaluation, Principles of evaluation, Methods of evaluation, Types of evaluation.

05 Local Government and Local Self Government: Decentralization and development,

Problems of local self government.

06 Peoples Participation: Characteristics of peoples participation, Preconditions of

participation, Significance of participation, Field of participation, Methods of
participation, Barrier to participation, Process of participative management, Peoples
participation in various stages of a project, Role of social workers.

07 Development Project in Bangladesh: Dream and reality, Problems for

implementation of development project, Recommendations for solving the problems.

G. Books Recommended:
1. UNIDO : Project Analysis
2. Little and Mirrlees : Project Appraisal and Planning
3. George Arvin : Modern Cost-Benefit Methods
4. E. J. Mishan : Elements of Cost-Benefit Analysis
5. Price Gittinger :Economic Analysis of Agricultural Projects
6. Skylark Chadha : Managing Projects in Bangladesh
7. Hassan, M. and Hossen, A. : Planning and Project Preparation

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 FOURTH YEAR: SECOND SEMESTER

Course Code and Title: EC-4201: History of Economic Thought

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is designed to enhance students’ understanding regarding the
development of major concepts in economics. It will provide ideas regarding
the status of economics in the past, its present movement, and on the future
movement.
B. Course Objectives:
The course will help the students to understand how different economists, in the
past, analysed the economic issues; analyse and compare the works of founders
of economics such as Adam Smith, David Ricardo, Thomas Malthus, Karl
Marx, Alfred Marshall, and others.
C. Intended Learning Outcomes (ILOs):
At the end of this course students will be able to:
• Clarify how the concept of nationalism had been grown up named
Mercantilism
• Know that the concept of market economy is not a new one
• Compare Slavery, Feudal and today`s Capitalist economy.
• Understand the economic life of a nation and its language, religion, arts,
science, state and politics by making historical comparison
• learn about traditional institutionalism
• Analyze thoughts of Marx and Marxian Economics.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion

E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment,

Quit Test without notice, Presentation

F. Course Contents:
Unit Contents

01 Early Days in Economic Thoughts: Ancient Economic Thought (Greeks and

Romans), Medieval Economic Thought (St. Thomas Aquinas, Nicholas Oresme,
Richard Baxter), Mercantilism (Sir Thomas Munn and Others), Physiocrats
(Francois Quesney and Others).

02 Classical Thought: William Petry, Adam Smith, David Ricardo, R. Malthus,

James Mill.

90
03 Neoclassical thought: Charles Sismondi, Saint Simon, John Stuart Mills, J.
Cairnes, Alfred Marshall, William Stanley Jevons, Carl Menger and Leon
Walras.

04 Thoughts of Marx and Marxian Economics: Robert Owen, Kampanella, Karl

Marx, F. Engels, V. Lenin, Neo-Marxian, Neo-Left and Democratic Socialism.

05 Historical Economics: German and British Schools.

06 Subjective Economics: Austrian School.

07 Mathematical Schools: W. Jevons, V. Pareto and K. Wicksell.

08 Institutional Economics: Thorstein Veblen, J. Commons, W. C. Mitchell.

09 Welfare Economics: A. J. Hobson, A. C. Pigou.

10 Keynesian School: J. M. Keynes.

11 Twentieth Century Economic Thoughts: J. R. Hicks, J. B. Clark, E. R. A

Seligman, I. Fisher, L. V. Mises, J. A. Schumpeter, A. H. Hansen, Von Hayek, R.

Nurkse, J.Galbraith, A. K. Sen.

G. Books Recommended:
1. Erick Roll : A History of Economic Thought

2. J. Schumpeter : A History of Economic Analysis

4. Daniel R. Fusfeld : The Age of the Economist

5. Mark Blag : Economic Theory of Retrospect

7. Ernest Mandel : An Introduction to Marxist Economic Theory

8. Alfred Eichner (eds.) : A Guide to Post Keynesian Economics

9. S. K. Srivastava : History of Economic Thoughts

91
 Course Code and Title: EC-4202: Bangladesh Economy-II

Full Marks: 100, Credit Hours: 03

A. Rationale:
This course is introduced to make the students to be able to understand the different
aspects of Bangladesh economy.
B. Course Objectives:
The main objective of this course is to provide students with basic knowledge of
Bangladesh economy. The specific objectives are:

i) to provide the students idea about the poverty scenario of Bangladesh and poverty
alleviation programs;
ii) to make students acquaint with the human resource development scenario of
bangladesh;
iii) to acquant the students with the import-export trade and foreign aid and foreign
direct invest scenario of Bangladesh.
C. Intended Learning Outcomes (ILOs): At the end of the course the students will be able
to:
• know the education and health, Situation in Bangladesh, government Policies,
unemployment and under-employment in Bangladesh;
• know nature and dimensions of poverty, Poverty Alleviation programs, role of
government and NGOs in reducing poverty.
• learn the features of urbanization and the its impact on the economy;
• learn the ocean resources and its role in economic development.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.

E Assessment strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz

Test without notice, presentation.

F. Course Contents:
Unit Content

O1 Overview of the Economy: Composition and Structure of the Economy, GDP, Sectoral
Contribution, Overall Growth Trend, Infrastructure Development, Overview of Natural
Resources.

02 Import, Export, Foreign Trade & balance of Payment: Composition of Import and
Export, Trade vs. Aid, Globalization and Bangladesh Economy, Foreign Direct Investment.

03 Human Resource Development: Education and Health, Situation in Bangladesh,

Allocation and infrastructure, Government Policies, Unemployment and Under-
employment in Bangladesh

04 Poverty in Bangladesh: Nature and Dimensions of Poverty, Poverty Alleviation, Micro-

92
 Credit and other Interventions, Role of GOB and NGOs in reducing poverty., Calculation
of poverty indicators- Incidence of poverty, poverty gap and severity of poverty.
Comparison of poverty status of Bangladesh with that of other countries.

05 Blue Economy in Bangladesh: Existing scenario, problems and prospects

07 Foreign Remitance: Existing status, problems, ways to improve the existing status.

G. Books Recommended:

1. Selim Rashid : Bangladesh Economy

2. Sirajul Islam : History of Bangladesh (Vol-2)

3. CPD : Independent Review of Bangladesh (Various years)

4. A. R. Khan & Mahbub H. : Development Strategies for Bangladesh

5. Nurul Islam : Development Planning in Bangladesh

6. H. Zillur Rahman (ed.) : Rural Poverty Updates

7. N. Amin : Informal Sector in Bangladesh

8. Barkat and Howlader : Population and Development Issues in Bangladesh

9. Muinul Islam : Poverty Discourse and PAR in Bangladesh

Course Code and Title: EC-4203: Econometrics-II

Full Marks:100 Credit Hours: 03

A. Rationale:
This course introduces the students to the empirical analysis of relationships between
economic indicators both in single equation and simultaneous equation model. It will also
help the students in enhancing knowledge about time series econometrics and its
application to econometric models.
B. Course Objectives:
The main objective of this course is to introduce the students to the higher-level
econometric tools and techniques and their applications in economic models. For
that the specific objectives are:
i) to introduce the students to the fundamental tools & techniques to
estimates parameters of simultaneous equation system and their
applications.
ii) to enhance their knowledge regarding the qualitative response model

93
 like Logit and probit model and their applications.
iii) to introduce the students about dynamic econometric models and
their applications
ii) to introduce the students to the time serious econometrics and its
applications in economics.
iii) to know about software applications in econometric models and
forecasting rgarding economic indicators based on the estimated
results of the regression model.
C. Intended Learning Outcome (ILOs):
At the successful completion of this course students will be able to
i) understand the fundamental econometric tools & techniques to
estimates parameters of simultaneous equation system and their
applications.
ii) enhance their knowledge regarding the qualitative response
regression models like Logit and probit model and their applications.
iii) understand the dynamic econometric models and their applications
iv) know the time serious econometrics and its applications in
economics,
v) learn about various software applications in econometric models;
vi) predict the economic indicators based on the estimated results of
the econometric models.
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz
Test without notice, Presentation.

F.. Course Contents

Unit Contents

01 Simultaneous Equation System: Concepts, Review of single equation model, The

nature of simultaneous equation models, The simultaneous equation bias, Solution to
the simultaneous equation bias.

02 Identification: The problem of identification, Implications of the Identification

problem, Rules for identification, Mathematical solutions.

03 Estimation Methods: Two-Stage Least Squares (2SLS) estimation method: Properties

and application, Three-Stage Least Squares (3SLS) estimation method: Properties and
applications; and Indirect Least Square Estimation Method (ILS) its properties and
applications.

04 Logit and Probit Models: The Logit model, Estimation of the Logit model, The
Probit model, Estimation of the Probit model, Comparing Logit and Probit estimates.

05 Time Series Econometrics: A) Stationary and Non-stationary Time Series: Unit

root test, Trend stationary and difference stationary, Spurious regression. B) Co-

94
 integration: Engle-Granger test; Error correction model, Causality test, Some
applications.

06 Applied Econometrics: Demonstration on SPSS/E-views, Solution of Practical

problems with SPSS using cross-section data, testing the violation of classical
conditions with SPSS/E-views using real data.

G. Books Recommended:
1. D. Gujrati : Basic Econometrics
2. Pyndick and Rubinfeld : Econometrics
3. Koutsoyiannis : Theory of Econometrics
4. K.F. Wallis : Applied Econometrics
5. Maddala G. S. : Econometrics
6. Woolridge : Modern Econometrics

Course Code and Title: EC-4204: Health Economics

Full Marks:100 Credit Hours: 03

A. Rationale:
The course is designed to make the students oriented with the conceptual and
theoretical issues regarding health economics.
B. Course Objectives:
This course introduced the student to the production function of health, demand of
health and health care, health care market, supplier induced demand theory, health
insurance, health care financing and health system in Bangladesh. At the end of
this course, students will
• Be able to understand the theoretical debate over the “special”
characteristics of “health” and the “Health care” and health insurance
market.
• Demonstrate a clear understanding of the major theories of the demand for
health care.
• Be familiar with the social and institutional characteristics of Bangladesh
health care market, health policies and programs and the various proposals
for its reform.
C. Intended Learning Outcome (ILOs):
At the end of this course students will be able to:
• Gather basic concepts of economic activities of health issues.
• Understand the bad habit of personal and social pollution and economic
development
• Understand the good behavior in health care and economic development
• Evaluate the development of society, state and philosophy

95
 • Demonstrate how can be developed the high-standard of living
D. Teaching Strategy: Lecture, Multimedia Presentation, Case Study, Discussion.
E. Assessment Strategy: Question Answer, Tutorial, Class Test, Assignment, Quiz
Test without notice, Presentation.
F. Course Contents
Unit Contents

01 Introduction to Health Economics: Do principles of economics apply to health

care? Special characteristics of health care, Limited resources and unlimited
wants, Inter-sectoral choice, Choice within the health sector, Optimality
conditions, Choice between two projects, Marginal rule in the allocation of
limited economic resources.
02 The Production Function of Health: Production function of health, Measures of
health, Morbidity and mortality-based indicators, Health care as an output of
health services industry and as an input to health, Life style and health, Role of
Medicine, Public health, Impact of nutrition and schooling on health,
Determination of the allocation of resources to health care using health
production function, Empirical studies on health production function.
03 Demand for Health and Health Care: Need versus demand, Consumer as
health services producer, Grossman model, Factors affecting demand care,
Criticism of Grossman model, Empirical evidence.
04 Asymmetric Information and Health Care: Information and market, Extent of
problem of asymmetric information in health sector, Health insurance and
information, Adverse selection and moral hazard, The agency relationship,
Agency and health care, Consumer information, Prices and quality.
05 Supplier Induced Demand (SID): SID Theory, SID in demand–supply
framework, Alternative models of SID, Empirical evidence of SID, Problems of
identification, Theoretical and empirical criticisms.

06 Introduction to Insurance: Risk and insurance, Insurance terminology, Demand

for insurance, Risk aversion and willingness to pay for insurance, Supply of
insurance, The optimum level of coverage, Effects of coinsurance and deductibles
on demand, Loading costs and insurance firm, Tax system and demand for
insurance, Price for insurance, The question for uninsured.
07 Health Systems in Bangladesh: Health status of the population, Mortality and
mortality base indicators, Healthcare organizations, Health policies and programs,
Health manpower development, Health services indicators, Development of
private health facilities, Healthcare financing mechanism.

G. Books Recommended

1. Folland, Goodman and Stano : The Economics of health and Healthcare

2 to 5th Edition
nd

2. Meguire, Henderson and Moony : The Economics of Health Care, RKP

96
 3. P. Fledstein : Healthcare Economics, Belmar
Publishers
4. C. Phelps : Health Economics, Herper Collince pub
5. Methods of Economic Evolution of Health Care Programmes : Oxford
University Press
6. C. Donaldson, K Gerard : The Economics of Health and Health
Care Financing, McMillan
7. Gold et. al. : Cost Effectiveness in Health Care and
Medicine, Oxford University Press
8. F. A. (ed)Solan : Valuing Health Care,Cambridge University
Press
9. Griffin : Health Care in Asia, World Bank, 1992

Course Code: EC-4205 Course Title: International Economics-II

Full Marks:100 Credit Hours: 03

A. Rationale: The main goal of the second course of international trade is to introduce
student the terms of trade issues, balance of trade and balance of payment,
determination of interest and exchange rates in interconnected economies,
devaluation of currency, international capital flows and the nature of financial crises
of developing country.
B. Course Objectives: This course is grounded in the belief that economic analysis is
essential to the understanding of modern world affairs. The International
Economics-II is designed to develop in students the ability to conduct innovative,
well-informed, rigorous analysis of all aspects of the world economy. The specific
objectives of this course are:

i) to know the basic concept and issues of favorable and dis-favorable terms of
trade.
ii) to develop the student’s ability about balance of payments and balance of
trade.
iii) to examine the instrument of foreign exchange market for balance of
payments balance.
iv) to provide students with in-depth knowledge for international currency
devaluation.
v) to provide students with an opportunities for international trading and trade
organizations.
vi) to provide students with in-depth knowledge and opportunities for
international finance.
C. Intended Learning Outcomes (ILO’s): On successful completion of this course,
students will be able to:

1. Understand the terms of trade and analyze the causes of favorable and dis-
favorable terms of trade in the developing country like Bangladesh
2. Explain the balance of payments and the balance of trade; exchange rates
97
 and the foreign exchange market; interest rates and capital inflows.
3. Determination the equilibrium rate of exchange: mint parity theory,
purchasing power parity, interest rate parity theory, effectiveness of
monetary and fiscal policy under fixed and flexible exchange rate and perfect
capital mobility.
4. Analyze devaluation of currency, Marshall-Lerner condition, absorption
approach and monetary approach, expenditure switching policy, expenditure
reducing policy and j-curve effects.
5. Explain the international financial policy, central banking and monetary
policy in open economies; and exchange rate regimes;
6. Identify major recent developments in the world trading system, and be able
to critically analyze key issues of WTO negotiations and by the spread of
regional trading arrangements.
7. Understand the sources of international finance and capital movement.
D. Teaching Strategy: Lecture, Oral presentation, Multimedia presentation, self-study,
Discussion, Assignment and Class Presentation.
E. Assessment Strategy: Question and Answer, Tutorial, Class test, Assignment, Q-
Test Without Notice, Oral Presentation.

F. Course Contents

01 Terms of Trade: Definition and classification of terms of trade; causes of dis-

favorable terms of trade in the developing country like Bangladesh, Marshall-
Edgeworth offer curve, Mead’s offer curve, determination of equilibrium terms of
trade with the help of offer curve, the Prebisch-singer hypothesis, optimum terms of
trade; terms of trade and economic welfare.

02 Theory of Balance of Payments: Balance of payments accounting; components of

balance of payment, balance of payments vs. balance of trade; balance of payments is
always in balance; disequilibrium of balance of payments: temporary, fundamental
and structural disequilibrium, methods of the removing balance of payment
imbalance, expenditure switching policy for the removal of balance of payment
imbalance, expenditure reducing policy for the removal of balance of payment
imbalance, balance of payments situation of Bangladesh, internal balance and
external balance, Meade conflict about internal balance and external balance,
Mundell-Fleming model about internal and external balance, Swan model about
internal and external balance.

03 Foreign Exchange Market: Demand and supply of foreign exchange market;

determination of equilibrium in the foreign exchange market; pegging system, fixed
and flexible exchange rates; spot, forward, arbitrage, nominal and real exchange rate,
determination of equilibrium exchange rate: mint parity theory, purchasing power
parity, interest rate parity theory, effectiveness of monetary and fiscal policy under
fixed and flexible exchange rate and perfect capital mobility, effect on foreign

98
 exchange market: change in interest rate, real money supply and supply of foreign
currency; mixed exchange rate, effective exchange rate, exchange control.

04 Devaluation and Revaluation: Definition of currency devaluation; devaluation VS

depreciation, causes of devaluation, objectives of devaluation; effects of devaluation,
advantage and disadvantage of currency devaluation, condition for success of
currency devaluation, methods of examine the effectiveness of currency devaluation:
relative price/elasticity approach (Marshall-Lerner condition), absorption approach,
monetary approach, expenditure switching policy, expenditure reducing policy, j-
curve effects.

05 International Financial Policy: International Monetary System: Breton Woods

System; Uruguay Round; IMF and its Functions; Special Drawing Rights (SDR);
Objectives, functions, Performance and Policy Problems of World Bank, ADB, and
IDB; Financial Crisis in Developing Countries; North-South Dialogue and the New
International Economic Order.

06 International Trading and Trade Organizations: Characteristics, means of

operation and execution of SAFTA, ASEAN, BIMSTEC, BRICS, UNCTAD, EC, G-
8, D-8, TICFA; GATT, World Trade Organization (WTO); Role of WTO in
developing countries; ministerial conferences of WTO and outcomes; WTO and
Bangladesh.

07 International Finance and capital movement: Foreign direct and indirect

investment, determinants of foreign direct investment, role of foreign direct
investment in the economic development of Bangladesh, causes of insufficient
foreign direct investment in Bangladesh, role of Bangladesh export processing zone
authority (BEPZA) to attracting foreign investment, assessing investment climate in
Bangladesh; theory of capital movements: transfer problem, Keynes-Ohlin
controversy.

References
1. Södersten, Bo : International Economics
2. Chacholiades, M. : International Economics

3. Krugman, P. R. and Obsfeld, M.: International Economics: Theory and Policy

4. Melvin, M. : International Money and Finance

4. Meier, G. M. : International Trade and Development

5. Thirlwall, A. P. : Growth and Development

6. Kindleberger, C. P. : International Economics

7. Johnson, H. G. : International Trade and Economic Growth.

8. Salvatore, D. : International Economics

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