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BSS(Hons) in Economics

  • Outline
  • Admission Criteria
  • General Guideline
  • Course List

Faculty: Faculty of Arts & Social Sciences (FASS)

Department: Department of Economics

Program: BSS(Hons) in Economics

Course Outline

Objective


Broad Objectives:

  • To encourage critical and strategic ways of thinking using the principles of economics.
  • The objective is to generate an appreciation of economic dimensions extending to social, political, environmental and international issues.

Specific Objectives:

  • To provide basic understanding and/or basic principles of economic theory and policy and how they apply to a wide range of real world issues.
  • To train the students to utilize the techniques of Mathematics, Statistics and Modern Technology as tools of economic analysis.
  • To master the theoretical and applied tools necessary to conduct economic research.
  • To deliver specific knowledge, understanding and skills which are relevant to a variety of career aspiration including post-graduate study in areas closely related to economics.
  • To deliver specific knowledge of relevant mathematical, statistical, and econometric methods and the ability to employ specific software.

Mission
To provide quality university education and training and to embody the aspiration of Bangladeshi people and the global community through creation, preservation, integration, transmission and utilization of knowledge in Economics.

Vision
To provide quality university education and training and to embody the aspiration of Bangladeshi people and the global community through creation, preservation, integration, transmission and utilization of knowledge in Economics.

General Info

 

Intake : Once in a Year

 

  • Application Duration : 23 February 2023 - 15 March 2023

    Method of Application : Online through the "Admission Link" of www.bup.edu.bd 
    Course Duration : Years: 04 Semester: 08
    Total Credit Hours : 126

 

 

Eligibility for Admission 

 

 

 

 

  1. A candidate must pass SSC/equivalent and HSC/equivalent examination from any discipline/group.
  2. Candidates from Science Group must obtain a total GPA of 9.00 in SSC/equivalent and HSC/equivalent examination with minimum GPA 4.50 in each of the examinations.
  3. Candidates from Business Studies Group must obtain a total GPA of 8.50 in SSC/equivalent and HSC/equivalent examination with minimum GPA 4.00 in each of the examinations.
  4. Candidates from Humanities Group must obtain a total GPA of 8.00 in SSC/equivalent and HSC/equivalent examination with minimum GPA 4.00 in each of the examinations.

  5. Candidates from General Certificate of Education (GCE) O and A level background must pass in minimum 05 (five) and 02 (two) subjects respectively having minimum 26.5 points in total based on the following scale:

    Grade Point
    A*/A 5.00
    B 4.00
    C 3.50
    D 3.00
    Note:   Gradings lower than ‘D’ will not be considered for point calculation.
  6. Candidates from International Baccalaureate (IB) must pass in minimum 06 (six) subjects having minimum 30 points based on the rating scale used in their curriculum (7, 6, 5, 4). Rating of 1, 2 and 3 will not be considered in point calculation.
  7. Candidates applying for admission in the Department of Economics must have minimum ‘A-’ (A Minus) grade in Economics /Accounting/Statistics/Higher  Mathematics either in SSC/equivalent or HSC/equivalent examination. Candidates from ‘O’ Level or ‘A’ Level background must have minimum D grade in any of the above mentioned subjects.

 

 

 

 

Admission Test Syllabus

 

 

 

Candidates will have to sit for a written test (MCQ) of 100 marks. The marks distribution is as follows:

 

(a) English - 40

(b) General Knowledge - 40

(c) Bangla - 20

 

 

 

Exam Type

 

 

 

 

Admission Test will be taken in MCQ System (100 Marks) and 0.25 marks will be deducted for each wrong answer.

 

 

Weightage

 

 

 

 

(1) Written Test=70%, 

(2) Viva-voce=10%, 

(3) HSC/Equivalent Result=10% and 

(4) SSC/Equivalent Result=10%

 

Total=100%

 

 

Detailed Time Plan and Center for Admission Test

 

 

  1. Publication of the List of eligible candidates for Written Exam: 18 March 2023 on BUP Website www.bup.edu.bd.
  2. Admit Cards can be downloaded and printed by the individual applicants from admission.bup.edu.bd from 21 March 2023 onward. But to avoid technical complication, applicants are requested to download the admit card as soon as possible.

  3. Written Tests will be held as per the following schedule: 

    Faculty Date & Day of Written Test Time of Written Test
    Faculty of Arts and Social Sciences

    24 March 2022

    Friday

    		 10:00 AM - 11:00 AM

 

  • Admission Test (Written) will be conducted in Dhaka city only
  • Viva-voce will be taken in BUP premises.

 

 

test

1st Semester

Objectives

  • The course considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure. The various causes of market failure are assessed, and consideration is given to public policies designed to correct this market failure.

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

Objectives

  • 1. To relate various facts and collect data about those facts
  • 2. To use tabulation method & graphical method for presenting data
  • 3. To learn basic concepts of central tendency, variability, the association between two variables & skewness, moments & kurtosis
  • 4. To understand the fundamental ideas of probability & different probability distribution
  • 5. To get familiar with index numbers & calculation procedure of different methods
  • 6. To get introduced with the fundamental idea & method of sampling & sampling distribution

Outcomes

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

References

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

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2nd Semester

Objectives

  • 1. ECON-1201 is a foundation course for the understanding of economics and has been designed to prepare the students with the tools necessary for analyzing real world macroeconomic problems. This course covers topics that will contribute critically in understanding many of the persistent issues that are faced by an economy as well as the world we live in. It also include concepts that are highly relevant to decision-making in most job sector. By the end of the course student should develop an understanding of major economic institutions, the functioning of government and the challenges faced in using policy to influence the levels of unemployment, inflation, and economic growth.
  • 2. This course contains concepts that are to be understood clearly than memorizing. The vast majority of the concepts will require students to think through relationships and use the perceptions to analyze problems. Regarding this, students would be asked to do simple algebra and use graphing techniques to summarize major concepts and relationships. Moreover, examples will be drawn from Bangladesh’s perception while studying so that the students can recognize and relate to the native economy. One of the major objectives of this course is to enable the students to read articles in daily newspapers and business publications and view television and radio news programs, with a new ability to understand the content and evaluate the precision of the economic analysis.

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.

Objectives

  • 1. To understand the basic idea of sampling & sampling distribution.
  • 2. To infer about the population from sample statistics.
  • 3. To measure & interpret point estimations & its different properties.
  • 4. To measure & interpret interval estimations.
  • 5. To understand the basic idea of hypothesis testing for statistical inference.
  • 6. To infer about the population mean & variance.

Outcomes

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

References

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

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3rd Semester

Objectives

  • At the end of the course you should be able to: • understand intermediate microeconomic facts, concepts, theories and methods; • establish a relationship between these theories and concepts; • apply theory to actual situations; • analyze a given issue, theme or phenomenon from several perspectives; • develop appropriate strategies to study specific cases; • demonstrate awareness of the contribution of informed, concerned, active citizenship, both locally and globally; • draw and interpret graphs relevant to this course; • correctly interpret the news, newspaper articles and the various quantitative data relevant to microeconomics; • use equations to solve for equilibrium levels of price and quantity; • employ critical thinking at a college level; • develop evidence-based arguments; • identify microeconomic-based problems and formulate appropriate questions; • analyze text/data; • synthesize text/data, demonstrating awareness of various perspectives; o) evaluate text/data; • use computers to find information relevant to the course; • establish links between economics and other social science and commerce disciplines.

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

Objectives

  • 1. To bring students up to date with modern developments in macroeconomic theory and offer fresh perspectives on the macroeconomic challenges of the day.
  • 2. To provide students with knowledge of the core theoretical models used in the field of macroeconomics
  • 3. To understand how macroeconomic policies, affect economic growth
  • 4. To understand how equilibrium is restored in the goods market
  • 5. To understand how equilibrium is restored in money market
  • 6. To accomplish these objectives how quantitative skills and graphical models of the macroeconomy

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.

Objectives

  • 1. After this course a student will be well versed on the decision-making process of the players in agriculture.
  • 2. This course will teach, when farmers decide to produce or not to produce, when government intervenes in the market, how the intervention works and what are the results.
  • 3. Also, how international organizations like FAO, WTO, IFPRI make decision on agriculture.
  • 4. Student will also get a clear idea about the historical trend and current agricultural scenario of Bangladesh.

Outcomes

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References

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