BSS(Hons) in Economics

Outcomes

• At the end of this course, students are expected to be able to: • Have an overall idea about the history, culture, economy of Bangladesh. • Know about the true history and Bangladesh and grow enthusiasm to know more about the history of Bangladesh. • Learn about the geographical, topographical and demographical features of Bangladesh. • Gain an understanding on the major international issues (both of past and present times) • Identify the major national and international challenges to ensure a better future for all. • Link the development issues of Bangladesh to the International context. • Think about the economic and developmental features of Bangladesh from a critical point of view. • Try to find out the probable solutions of the agricultural, industrial, service, education and health sectors of Bangladesh in the face of development. • Learn about major environmental challenges of Bangladesh as well as of the globe. • Contribute to the sustainable development of the country. • Develop their analytical and critical skills, through the ideas discussed in the lectures, term papers, group works, case studies and exams. • Enhance their communication and critical thinking skills through debate and discussion in the class and through presentation. • Learn to assess the development process of a particular economy or country bases upon different case studies.

References

• Heitzman, J., & Worden, R. L. (1989). Bangladesh: A Country Study. 2d ed. Washington, DC: Federal Research Division. In Library of Congress.
• Van Schendel, W. (2009). A history of Bangladesh. Cambridge University Press.
• Stewart, C. (2013). The History of Bengal, Cambridge University Press, ISBN: 9781139506649.
• Ahmed, K. (1975). A Socio-Political History of Bengal, Inside Library: Dhaka.
• Ahmed, M. (2000). Bangladesh in the new Millennium, Community Development Library: Dhaka.
• Chandra, R. A. (1968). History of Bengal: (Mughal Period 1526-1765), Nababharat Publishers: Calcutta.
• Khan,S. K. and D. Khanam. (2011). Bangladesh Studies, Chaity Chayon Prokashoni, Dhaka, ISBN-978-989-33-2192-3
• Monahan, F.J. (1925). The early history of Bengal, Oxford University Press: England.
• Sultana, M.N. and Islam, T., 2016, A Comprehensive study on Bangladesh, Pronence Publications, Dhaka.

Outcomes

• Develop fluency in conversation and efficiency in interactional skills
• Use grammar accurately both in written and verbal communications
• Become effective and efficient communicators in English
• Become efficient academic writers

References

• Oxford English Language References – Jonathon Law, Oxford University Press-2001
• A Communicative of English–Thompson and Martinet
• Living English Structure–Stannard Allen, New Dellihi, Orient Longman
• A Practical English Grammar – A Thomas and A.V. Martinet
• Grammar and Composition – Hougliton and Mitllin
• Business Correspondence and Report Writing – R.C. Sharma and Krishnamohan
• The Most Common Mistakes in English Usages – Thomas Ellioft Berry
• Dr. Sadruiddin Ahmed, Learning English the Easy Way
• Murphy, R, Intermediate English Grammar
• Thomason A. J. and A.V. Martinet, A Practical English Grammar
• Communication for Business by Shirley Taylor
• Presentation and Public Speaking by S M Wahiduzzaman (Author)

Outcomes

• Solve equations algebraically and recognize the relationship between the solutions of an equation and graph of an equation.
• Find different forms of equation lines, graph quadratic functions, and solve systems of linear equations using different methods.
• Understand about matrices and perform operations on matrices.
• Know the definition of derivative and apply the rules of differentiation.
• Define the derivative of a function, interpret it, and apply derivation techniques.
• Apply indefinite integrals and basic integration formulas.
• Model economic questions as mathematical problems.
• Use appropriate techniques to solve problems with calculus and linear algebra.

References

• Chiang, Alpha C. & Wainwright, Kevin. Fundamental Methods of Mathematical Economics. McGraw Hill, 4th Edition.
• Dowling, E T. Introduction to Mathematical Economics. Schaum’s Outline Series, McGraw Hill, 3rd Edition.
• Hoy, Michael; Livernois, John; McKenna, Chris; Rees, Ray & Stengos, Thanasis. Mathematics for Economics (2nd edition). The MIT Press, Cambridge, Massachusetts.
• Simon, Carl P. & Blume, L. Mathematics for Economists. W.W. Norton Company, New York, London.

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

• It allows examiners to evaluate the depth of knowledge beyond what is written.
• Unlike written papers that take weeks to grade, a viva allows students to receive immediate clarifications.

References

• Courses or curriculum in respective semesters.

Outcomes

• Demonstrate advanced proficiency in spoken and written French.
• Demonstrate the ability to read critically, interpret analytically, speak persuasively, and write coherently about visual and literary texts produced in the French-speaking world.
• Demonstrate familiarity with methodological approaches in the study of literary and cultural texts, such as close reading, socio-historical contextualization, and literary and cultural theory.
• Demonstrate knowledge of literary and cultural traditions, such as major movements, writers, and works of the French-speaking world, focusing on at least one and ideally multiple traditions: European, African, Caribbean, Asian, North American, and other Francophone cultures.
• Demonstrate the skills necessary for scholarly research and writing in the Humanities.

References

• Le Nouveau Taxi-1 méthode de français by Guy Capelle & Robert.
• Moi, je parle francais.

Outcomes

• Solve equations algebraically and recognize the relationship between the solutions of an equation and graph of an equation.
• Provide knowledge and understanding of the mathematical concepts and methods used by professional economists.
• To express ideas in the language of mathematics.
• To analyze economic models by using formal mathematical methods.

References

• Chiang, Alpha C. & Wainwright, Kevin. Fundamental Methods of Mathematical Economics. McGraw Hill, 4th Edition.
• Dowling, E T. Introduction to Mathematical Economics. Schaum’s Outline Series, McGraw Hill, 3rd Edition.
• Hoy et al. Mathematics for Economics (2nd edition). The MIT Press, Cambridge, Massachusetts.
• Simon, Carl P. & Blume, L. Mathematics for Economists. W.W. Norton Company, New York, London.

Outcomes

• Operate computer individually.
• Have a good idea about computer hardware and software.
• Have a good idea about MS Office and other software.
• Have a clear understanding of email etiquette.
• Write reports and assignments by using different software.
• Present descriptive statistics, produce tables and graphs using software.

References

• Peter John; Microsoft word & exel 2021 for beginners & advanced learners.
• Joan Lambert; Microsoft Word 365 Step by Step (Microsoft).
• Michael Alexander, Richard Kusleika; Excel 2019 Bible (Wiley).
• https://databank.worldbank.org/source/world-development-indicators
• https://www.typingclub.com/
• https://www.zotero.org/

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

• Explain the nature, goals and means of development and underdevelopment.
• Highlight the historical growth experience of developed countries with a view to ascertaining its relevance to contemporary developing nations.
• Describe the four classic theories of development.
• Identify the major developmental problems and policies of both domestic and international levels.
• Explain the developmental problems of poverty and income inequality, poverty and hunger.
• List the indicators of sustainable development.
• List the millennium development goals.
• Explain development plans.

References

• Todaro, M. and Smith, S. 2003. Economic Development, Pearson Education, Addison Wesley.
• Ray, D. 1998. Development Economics, Oxford University Press.
• Bardhan, P. and Udry, C. 1999. Development Microeconomics, Oxford University Press.
• Ghatak, S. 1995. Introduction to development economics, Routledge.
• Thirlwall, A. P. 1994. Growth and Development, Macmillan Press Ltd.
• Meier, G. M. 1997. Leading issues in economic development, Oxford University Press.
• Yusuf, S. et. al. 2009. Development economics through the decades, The World Bank.
• Livingstone, Ian, Development economics and policy.
• Gillis, P., Romer, and Snodgrass. 1996. Economics of Development. Norton.

Outcomes

• The significance of the relevance of the economic principles of scarcity, choice, trade-off, opportunity cost, effectiveness and eco-effectiveness, efficiency and eco-efficiency in agricultural sector
• The significance of how to apply basic economic concepts to predict likely changes in product prices and quantities in agricultural markets
• The significance of the concept of 'policy' and the role of government policy in case of market failure in agricultural sector
• How changes in government regulations, taxes, consumer preferences and technology influence agricultural commodity markets and resource allocation
• Historical Trend of Bangladesh Agricultural sector as part of GDP
• Policy making process of agricultural economics from the liberation war
• Future of agricultural economics and technological advancement in this sector

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

• Differentiate finance from closely-related disciplines of economics and accounting and describe the primary function of financial managers.
• Interpret stockholders’ report and basic financial statements including income statement, balance sheet, statement of retained earnings and cash flow statement.
• Relate the concept and application of time value of money and discounted cash flow analysis to asset of problems.
• Analyze relevant cash flows in the capital budgeting process.
• Evaluate capital budgeting projects using the payback, net present value and internal rate of return methods.
• Calculate the component costs of the firm’s capital structure, and determine cost of capital, weighted average and marginal cost of capital.
• Discuss the various sources of long-term capital and select an optimal mix to meet the firm’s financial needs.
• Evaluate factors affecting dividend policy and the effect dividend policy has on the cost of capital.
• Understand the key characteristics of working capital and its individual elements, such as cash and marketable securities, inventory, and their roles as an investment.

References

• Gitman, Lawrence J., and Chad J. Zutter. (2011). Principles of Managerial Finance Edition. Prentice Hall.
• Ross A. Stephen; Westerfield Randolph W. &Jafee J. (2007). Corporate Finance, McGraw-Hill.
• Brigham E.F. & liaison J.F. (1986). Fundamentals of Financial Management; The Dryden Press.
• Frederic S. Mishkin. (2009). The Economics of Money Banking, and financial Markets. Addison –Wesley.
• Van Horn-, J.C. & Wachowicz J.M. Fundamentals of Financial Management, Prentice Hall.
• Varshney, P.N. (2014). Baking Law & Practice; SCS.
• Modigliani, Franco P., Frank, J. Jones & Frank, J. Fabozzi. (2021). Foundations of Financial Markets and Institutions. Prentice Hall.
• Brealey, R.A., Myers, S.C. and Marcus, A.J. (2020). Principles of Corporate Finance, McGraw-Hill Inc.

Outcomes

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

References

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

Outcomes

• Successful completion of the course will enable students to: • Design basic empirical strategies to investigate economic relationships and test theoretical propositions. • Evaluate the statistical significance, explanatory power, and validity of econometric models using diagnostic tools and hypothesis testing. • Conduct data-driven analysis by applying regression techniques to real-world datasets. • Communicate econometric findings through structured reports that meet academic standards, incorporating tables, figures, and policy-relevant interpretation.

References

• Stock, J. H., & Watson, M. W. (2015). Introduction to econometrics.
• Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics. McGraw-hill.

Outcomes

• It allows examiners to evaluate the depth of knowledge beyond what is written.
• Unlike written papers that take weeks to grade, a viva allows students to receive immediate clarifications.

References

• Courses or curriculum in respective semesters.

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

• Understand and prove the basic formulas of optimization theory.
• Formulate and solve finite and infinite horizon optimization problems with unconstrained and constrained restrictions.
• Obtain a rigorous mathematical background focusing on optimization techniques in areas such as economics.
• Critically examine the specific behaviour of various macroeconomic variables in both finite and infinite horizons.
• Investigate the economic problems of comparative statics and dynamic optimization within the framework of advanced tools and higher dimensions of mathematical models.
• Understand the connections between the several aspects of continuous optimization and the suitability and limitations of optimization methods for different purposes

References

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

Outcomes

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

References

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

Outcomes

• It allows examiners to evaluate the depth of knowledge beyond what is written.
• Unlike written papers that take weeks to grade, a viva allows students to receive immediate clarifications.

References

• Courses or curriculum in respective semesters.

Outcomes

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

References

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

Outcomes

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

References

• https://dss.princeton.edu/training/
• https://stats.idre.ucla.edu/other/annotatedoutput/
• https://stats.idre.ucla.edu/other/examples/
• D. Gujarati and D. Porter, Basic Econometrics, 5th edition, McGraw-Hill, 2009.
• J.M. Wooldridge, Introductory Econometrics, 6th edition, 2016, South-Western.

Outcomes

• Critically evaluate and rethink the accumulated experience (own and others'), to reflect on professional and social activities.
• Critically evaluate the main trends of modern economics, competently lead a discussion about the arguments in favour of each of them.
• Based on the description of economic processes and phenomena, he/she will be able to build theoretical models, analyze and meaningfully interpret the results obtained.

References

• History of Economic Thought: A Critical Perspective. By E. K. Hunt, Mark Lautzenheiser, 3rd Edition.
• Schumpeter J. A History of Economic Analysis. Oxford University Press, 1954.
• Smith A. An Inquiry into the Nature and Causes of A Wealth of Nations (any edition).
• Keynes J.M. General Theory of Employment, Interest and Money. (any edition).
• M. Blaug, “Economic Theory in Retrospect”, 5-th ed. Cambridge University Press 1991.
• T. Negishi, “History of Economic Theory”. North-Holland, 1989.
• R. Ekelund, R. Hebert, “A History of Economic Theory and Method”. McGraw Hill Publ. Co. 1990.
• Snowden, Brian, et.al., A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought, 1994.
• Roncaglia A. The Wealth of Ideas. A History of Economic Thought. Cambridge University Press, 2006.
• Friedrich List, The National System of Political Economy. (any edition).
• Marshall A. Principles of Economics. (any edition).
• Ricardo D. On the Principles of Political Economy and Taxation. (any edition).
• Veblen T. The Theory of the Leisure Class.
• Walras L. Elements of Pure Economics. Irwin, 1954.
• Heilbroner R. Worldly Philosophers, Simon & Schuster (any edition).
• Schumpeter J.A. Ten Great Economists: From Marx to Keynes. (any edition).

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

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

Outcomes

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

References

• Environmental and Natural Resource Economics 11th Edition, Tom H Tietenberg and Lynne Lewis.
• Markets and the Environment 2nd Edition, Nathaniel Keohane and Sheila Olmstead.
• William Nordhaus, The Climate Casino, any edition, Yale University Press (N).
• Natural resource and environmental economics by Roger Perman.
• Environmental Economics: An Introduction by Barry c. Field.

Outcomes

• Explain and discuss why people hold money and why it is used in the trading process.
• Understand the mechanism of the financial institutions.
• Describe and explain the main channels of the monetary transmission mechanism through which monetary policy can affect the economy.
• Discuss the merits and disadvantages of different monetary policies used by Central Banks.
• Introduce the concept of data & parameter uncertainty and discuss the policy under uncertainty.

References

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

Outcomes

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

References

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

Outcomes

• Understand the characteristics of varying types of assets and how to take investment decision.
• Understand in-depth of market structure and role of product quality in profit maximization.
• Connect the practical problems with game theory and solve those problems with a view to achieving optimal outcome.
• Develop the skills on mechanism design and how to implement policies.

References

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

Outcomes

• Introduces the most important concepts of institutional economics.
• Know about the importance of transaction costs.
• Be able to analyze firms and markets from an institutional economics’ point of view.
• Able to analyze the economic development of a country from the point of view of institutional economics.
• Able to transfer the institutional economic analysis on other social issues.
• Participate in group projects, oral presentations, and debates.

References

• Furubotn, Eirik G.; Richter, Rudolf: Institutions and Economic Theory.
• North D. Institutions, Institutional Change and Economic Performance. Cambridge University Press, 1990.
• Williamson, Oliver E. 1981. The Economics of Organization: The Transaction Cost Approach. American Journal of Sociology 87, no. 3: 548-575.
• Williamson, Oliver E. 1994. Transaction Cost Economics and Organization Theory. In The Handbook of Economic Sociology, ed. Neil J Smelser and Richard Swedberg:77-107. Princeton: Princeton University Press.
• Ostrom, Elinor (1990). Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge, UK: Cambridge University Press. ISBN 978-0-521-40599-7.
• Ostrom, Elinor; Schroeder, Larry; Wynne, Susan (1993). Institutional incentives and sustainable development: infrastructure policies in perspective. Boulder: Westview Press. ISBN 978-0-8133-1619-2.
• North, Douglass Cecil. 1990. Institutions, Institutional Change, and Economic Performance. Cambridge; New York: Cambridge University Press, 3-69, 92-104.
• Fama, Eugene F. and Michael C. Jensen. 1983. Separation of Ownership and Control. Journal of Law and Economics 26, no. 2.

Outcomes

• Individual research work yields concrete outputs like publications, datasets, and methodologies, alongside broader outcomes such as new knowledge creation, professional credibility, and skill acquisition. It empowers scholars to challenge existing theories, foster innovation, and directly solve practical, real-world problems.

References

• Supervisor and reviewers guideline.

Outcomes

• It allows examiners to evaluate the depth of knowledge beyond what is written.
• Unlike written papers that take weeks to grade, a viva allows students to receive immediate clarifications.

References

• Courses or curriculum in respective semesters.

Outcomes

• Define project scope with greater clarity and cohesiveness.
• Plan project risk management.
• Monitor progress and recommend adjustments.
• Prepare project proposals and strategize negotiation.

References

• A Guide to the PROJECT MANAGEMENT BODY OF KNOWLEDGE, (PMBOK® GUIDE) Seventh Edition.
• Erik W. Larson, Clifford F. Gray., Project management: the managerial process —8th ed.
• H. Kerzner, Project Management: A Systems Approach to Planning, Scheduling, and Controlling, 10th ed, 2009.
• Chandra, Prasanna, 1995. Projects: Planning, Analysis, Selection, Implementation and Review.
• N. Islam, Development Planning in Bangladesh, A study in Political Economy,University Press Ltd., 1979.
• M. Sirajuddin, Institutional Support for Planning and Project Management,Study Group, University of Dhaka, Bangladesh, 1982.
• Bharadwaj, Planning for Social and Economic Development, Sage Pub., India,1992.
• Boruch, Randomized Experiments for Planning and Evaluation: A PracticalGuide, Sage Pub., USA, 1997.
• Shrivastava, Economics of Growth, Development and Planning, 1998.
• A. Chowdhury, Development Policy and Planning: An Introduction to ModelsandTechniques, Routledge, UK, 1994.

Outcomes

• Define and explain key concepts in urban and regional economics, including agglomeration economies, land rent theory, and spatial equilibrium.
• Apply theoretical models (e.g., monocentric city model, location theory) to real-world urban and regional problems.
• Critically assess urban challenges such as congestion, housing shortages, and informal settlements.
• Evaluate regional development policies and their effectiveness in reducing inequality and promoting balanced growth.
• Conduct applied research or policy analysis using data on cities and regions.

References

• O’Sullivan, A. (2012). Urban Economics (8th ed.). McGraw-Hill.
• McCann, P. (2013). Modern Urban and Regional Economics (2nd ed.). Oxford University Press.
• Fujita, M., Krugman, P., & Venables, A. (2001). The Spatial Economy: Cities, Regions, and International Trade. MIT Press.
• Brueckner, J. K. (2011). Lectures on Urban Economics. MIT Press.
• Mills, E. S., & Hamilton, B. W. (1994). Urban Economics (5th ed.). HarperCollins.
• Glaeser, E. L. (2011). Triumph of the City. Penguin.
• World Bank (2009). Reshaping Economic Geography: World Development Report.

Outcomes

• Distinguish between classical, Marxist, Keynesian, and modern approaches to political economy.
• Evaluate the role of the state versus the market in economic development.
• Understand how corruption, rent-seeking, and institutional quality affect growth.
• Analyze political economy dimensions of issues like inequality, globalization, and climate change.
• Assess Bangladesh’s policy challenges in light of political economy frameworks.

References

• O’Brien, R., & Williams, M. (2016). Global Political Economy. Palgrave Macmillan.
• Gilpin, R. (2001). Global Political Economy: Understanding the International Economic Order. Princeton University Press.
• Acemoglu, D., & Robinson, J. (2012). Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Crown Business.
• Chang, H.-J. (2002). Kicking Away the Ladder: Development Strategy in Historical Perspective. Anthem Press.
• Sen, A. (1999). Development as Freedom. Oxford University Press.