Bangladesh University of Professionals (BUP)

Course List

Semester 1

ECON1101

Objective

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.

Outcome

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

Reference

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

ECON1102 | Presentation Skill Development

ECON1102

Objective

1. To develop the communication skills of the students, with a special focus on public speaking skills like formal presentations, impromptu speeches and formal speeches.

2. To enable learners to use English in real-life situations, both formal and informal.

3. To mould the learners into confident, knowledgeable, smart, ethical and organized presenters.

4. To work as a remedial course for those who have troubles with different public speaking skills and help them gain confidence.

5. To enable students to create appropriate oral responses to various communication situation, both formal and informal.

Outcome

After completing this course, a student will be able to:

1. Develop his/her communication skills, especially public speaking skills like formal presentations, impromptu speeches and presentations in groups.

2. Use English in real-life situations, both formal and informal.

3. Gain confidence overcoming his/her weakness in public speaking skills.

4. Create appropriate oral responses to various communication situations, both formal and informal.

5. Develop fluency in conversation and efficiency in interactional skills.

6. Become a confident, knowledgeable and organized individual who is adept in both impromptu and pre-prepared speech.

Reference

1. Public Speaking: College and Career; Hamilton Gregory

2. The Art of Speaking; Stephen E Lucas

3. Public Speaking ; Michael and Suzanne Osborn

ECON1103 | Mathematics for Economics- I

ECON1103

Objective

The course is intended for students who wish to obtain knowledge of mathematical techniques suitable for economic analysis. It assumes very little prerequisite knowledge. The approach is informal and aims to show students how to do and apply the mathematics they require for a successful study of economics. Economic applications are considered although this course aims to teach the mathematics not the economics. Topics covered include basic algebra, simple finance and calculus.

Outcome

On successful completion of this course students will be able:

1. To get introduced to the basic mathematical tools useful in the Economics discipline

2. To develop analytical skills

3. To develop organizational skills

4. To develop both independent learning and group work skills

5. To develop verbal and non-verbal communication skills

6. To successfully use mathematics in economics and business applications.

Reference

1. Dowling, E T, (2001). Introduction to Mathematical Economics, Schaum’s Outline Series, McGraw-Hill, 3rd edition.

2. Chiang A C. (2005). Fundamental Methods of Mathematical Economics, McGraw-Hill, 4th edition.

ECON1104 | Statistics for Economics- I

ECON1104

Objective

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

Outcome

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

Reference

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

ECON1105 | Functional English

ECON1105

Objective

1. To develop communication skills of the learners in listening, speaking, writing and reading.

2. To provide students a thorough knowledge of the grammar of English language

3. To enable students to learn how English is used in real-life situations.

4. To develop learners’ academic writing skills needed at tertiary level.

Outcome

1. Students will develop their reading skill through various reading techniques (skimming, scanning, inference, summarizing etc.) which will enable them to understand, analyze and evaluate reading texts.

2. By practicing writing different types of paragraphs, essays and summary, students are going to acquire a good command over structure and techniques of writing.

3. Vocabulary lessons will help to develop students’ ability to express themselves through writing and speaking for academic and other purposes.

4. Through an inductive way of learning grammar, students will be able to understand and apply grammatical rules in their writing and speaking.

5. Classroom interaction, group discussions, peer feedback, individual or group presentation will enhance students’ capacity to think critically, organize and present their own thoughts and ideas in English.

Reference

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

Semester 2

ECON1201 | Principles of Macroeconomics

ECON1201

Objective

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.

Outcome

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.

Reference

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.

ECON1202 | Mathematics for Economics- II

ECON1202

Objective

The course is intended for students who wish to obtain knowledge of Intermediate mathematical techniques suitable for economic analysis. It assumes prerequisite knowledge of ECON-1103. The course aims to show students how to theorize and apply the mathematics they require for a successful study of economics. Economic applications are considered although this course primarily aims to teach the mathematical nuances required for further studies in the Economics discipline in the upcoming semesters.

Outcome

On successful completion of this course students will be able:

1. To gain confidence with introductory and intermediate mathematical tools.

2. To develop analytical skills

3. To develop organizational skills

4. To develop both independent learning and group work skills

5. To develop verbal and non-verbal communication skills

6. To successfully use mathematical modelling in economics and business applications.

Reference

1. Dowling, E T, (2001). Introduction to Mathematical Economics, Schaum’s Outline Series, McGraw-Hill, 3rd edition.

2. Chiang A C. (2005). Fundamental Methods of Mathematical Economics, McGraw-Hill, 4th edition.

ECON1203 | Statistics for Economics- II

ECON1203

Objective

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.

Outcome

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.

Reference

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

ECON1204 | Business and Finance in Economics

ECON1204

Objective

1. This module develops a knowledge and understanding of:

i. The dynamic and changing nature of business and the consideration of the future of organizations within the global business environment, including the management of risk.

ii. The sources, uses and management of finance.

iii. The use of accounting and other information systems for planning, control, and decision making.

iv. The use of accounting and other information systems for managing financial risk.

v. The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.

vi. The use of risk management techniques and business continuity planning to help maximize achievement of strategic objectives on the economic, social and environmental conditions of the future.

vii. Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.

viii. The concepts of the time value of money and the risk and return relationship for different sources of finance and for portfolios. The concepts of financial securities, their features and markets. The concepts of capital structure and its importance to firm value.

2. Intellectual skills: This module develops:

i. The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions

ii. Conceptual and critical thinking, analysis, synthesis and evaluation

iii. The ability to analyse and evaluate financial data.

3. Professional practical skills: This module develops:

i. Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena

ii. Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty

4. Transferable (key) skills: This module develops:

i. Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time

ii. Articulating and effectively explaining information

Outcome

 This module develops a knowledge and understanding of:

1. The dynamic and changing nature of business and the consideration of the future of organizations within the global business environment, including the management of risk.

2. The sources, uses and management of finance  The use of accounting and other information systems for planning, control, and decision making.

3. The use of accounting and other information systems for managing financial risk.

4. The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.

5. The use of risk management techniques and business continuity planning to help maximize achievement of strategic objectives on the economic, social and environmental conditions of the future.

6. Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.

7. The concepts of the time value of money and the risk and return relationship for different sources of finance and for portfolios. The concepts of financial securities, their features and markets. The concepts of capital structure and its importance to firm value.

 Intellectual skills: This module develops:

1. The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.

2. Conceptual and critical thinking, analysis, synthesis and evaluation.

3. The ability to analyse and evaluate financial data.

 Professional practical skills: This module develops:

1. Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.

2. Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty.

 Transferable (key) skills: This module develops:

1. Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.

2. Articulating and effectively explaining information

Reference

1. Gitman, Lawrence J., and Chad J. Zutter. Principles of Managerial Finance 13th Edition. Prentice Hall, 2011.

2. Ross A. Stephen; Westerfield Randolph W. &Jafee J. Corporate Finance, McGraw-Hill 6th edition.

3. Brigham E.F. & liaison J.F. 1998. Fundamentals of Fraternal Management; The Dryden Press.

4. Frederic S. Mish kin. 2000. The Economics of Money Banking, and financial Markets, Addison –Wesley.

5. Van Horn-, J.C. &Wachowicz J.M. 1996. Fundamentals of Financial Management, Prentice Hall.

6. Francis J.C. investments. 1986. Analysis & Manage Intent; McGraw-Hill 4th edition.

7. Frederic S. Mishkin. 2000. The Economics of Money Banking and Financial Markets. Addison-Wesley.

8. Varshney, P.N. 2000. Baking Law & Practice; SCS.

9. Modigliani, Franco P., Frank, J. Jones & Frank, J. Fabozzi (2009), Foundations of Financial Markets and Institutions, Prentice Hall.

10. Brealey, R.A., Myers, S.C. and Marcus, A.J. (2007),Principles of Corporate Finance, 7th Edition, McGraw-Hill Inc.

ECON1205 | Third Language

ECON1205

Objective

Objective of this course is to make learners able to use French as a beginner user. This course is designed with a view to providing knowledge about the French language of level 2. This course will help students to develop their proficiency for effective communication in everyday life and different situations. As per modern pedagogy, emphasis given on a function based communicative approach in order to facilitate all four skills of French language e.g. listening, speaking, reading and writing. Participants will develop their vocabulary, grammar, structural accuracy, pronunciation, oral fluency and overall acquisition through different activities, exercises and audio-visual support.

Outcome

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

Reference

1. Le Nouveau Taxi-1 méthode de français by Guy Capelle & Robert

2. Moi, je parle francais.

3. French Dictionary

4. Cahier d’exercices of Taxi -1

Semester 3

ECON2301 | Intermediate Microeconomics- I

ECON2301

Objective

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.

Outcome

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.

Reference

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

ECON2302 | Intermediate Macroeconomics- I

ECON2302

Objective

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

Outcome

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

Reference

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.

ECON2303 | Development Economics-I

ECON2303

Objective

The first objective is to ensure that students understand real conditions and institutions across the developing world.

The second is to help students develop analytic skills while broadening their perspectives of the wide scope of the field.

The third is to provide students with the resources to draw independent conclusions as they confront development problems, their sometimes ambiguous evidence, and real-life development policy choices—ultimately, to play an informed role in the struggle for economic development and ending extreme poverty.

Outcome

On completion of this course the students will be able to:

1. Know how economic growth and development differ from each other.

2. Learn about the key concepts of economic growth, development and determinants of productivity.

3. Study the different growth models.

4. Be aware of the differences between developed and least developed economies.

5. Study the nature of poverty and inequality, their causes, and ways of measurement.

6. To sum-up, upon successful completion of the course, the student should be able to demonstrate a basic understanding of news relating to the economy as a whole, the economic implications of changes in government policy, and critically apply economic concepts when participating as a citizen in a democratic society in his everyday life.

Reference

1. Todaro, M. and Smith, S. 2003. Economic Development, Pearson Education, Addison Wesley.

2. Ray, D. 1998. Development Economics, Oxford University Press.

3. Bardhan, P. and Udry, C. 1999. Development Microeconomics, Oxford University Press.

4. Ghatak, S. 1995. Introduction to development economics, Routledge.

5. Thirlwall, A. P. 1994. Growthand Development, Macmillan Press Ltd.

6. Meier, G. M. 1997. Leading issues in economic development, Oxford University Press.

7. Yusuf, S. et. al. 2009. Development economics through the decades, The World Bank

8. Livingstone, Ian, Development economics and policy.

9. Gillis, P., Romer, and Snodgrass. 1996. Economics of Development. Norton.

** Reference of supplementary study materials will be provided in respective classes.

ECON2304 | Agricultural Economics

ECON2304

Objective

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.

Outcome

Content will be updated soon.

Reference

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

ECON2305 | Bangladesh Studies and it’s Economy

ECON2305

Objective

This course is a very narrative one, based on data and empirical studies. The main objective of this course is to discuss on the performance and problems of different sectors of Bangladesh economy. At the same time different policy prescriptions will be provided. So, after completing the course students will be able to explain the socio-economic condition of Bangladesh with critiques.

Outcome

Content will be updated soon.

Reference

Content will be updated soon.

Semester 4

ECON2401 | Intermediate Microeconomics -II

ECON2401

Objective

1. Explain different kind of markets

2. Develop communications skills through the presentation of your work, interactions during tutorial sessions, and appropriate use of the discussion board

3. Analyze market problems and prescribe solutions 5 Model economic situations in a logical, rigorous, and precise manner

4. Model economic situations in a logical, rigorous, and precise manner

Outcome

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.

Reference

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)

ECON2402 | Intermediate Macroeconomics- II

ECON2402

Objective

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 explain the standard theory in macroeconomics at an intermediate level.

4. To explain and use the basic tools of macroeconomic theory, and apply them to help address problems in public policy.

5. To explain how inflation affects entire economic systems.

6. To synthesize the impact of employment and unemployment in a free market economy.

7. To apply basic tools that are used in many fields of economics, including uncertainty, capital and investment, and economic growth.

Outcome

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

Reference

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

ECON2403 | Economics of Poverty, Gender and Inequality

ECON2403

Objective

Guide the students to critically examine the dimensions, causes, consequences and perpetuation of poverty, inequality and gender economics to understand the role of policy in producing, maintaining, and alleviating poverty, inequality and gender dimension.

Outcome

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.

Reference

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

ECON2404 | Development Economics-II

ECON2404

Objective

This course is designed to attain the following learning objectives:

1. To explain and apply key development economic growth theories, international trade development theories, and related economic development theories.

2. To analyze and describe the features of less developed economies and the macroeconomic and microeconomic development challenges they face.

3. To analyze and describe significant policy options available to government and international organization to address economic development challenges.

4. To develop analytical and critical thinking skills and use them to judge the appropriateness of economic development policy options.

5. To identify and appraise economic development policy failures, and suggest adjustments or alternatives.

Outcome

Upon successful completion of the course, students will be able to:

1. Identify key development Economic theories such as Economic growth, Trade and E-development.

2. Review policy implications of these development economic theories and models.

3. Critically examine the link between various Economic theories.

4. Analyze the impact of macro development policies from both local and global context.

Reference

1. Todaro, M. and Smith, S. 2003. Economic Development, Pearson Education, Addison Wesley.

2. Ghatak, S. 1995. Introduction to development economics, Routledge.

ECON2405 | Industrial Economics

ECON2405

Objective

1. Understand basic models of the behavior of firms and industrial organization and how they can be applied to policy issues.

2. Be able to manipulate these models and be able to solve analytically problems relating to industrial economics.

3. Be able to apply the models to important policy areas while being aware of the limitations of the theory.

4. Be familiar with the history of competition policy.

5. Be familiar with the functioning of different experimental market institutions and the key results of these experiments.

Outcome

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

Reference

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)

Semester 5

ECON3501 | Econometrics- I

ECON3501

Objective

1. To familiarize you with methods of data analysis including descriptive statistics, regression analysis, and advanced issues in econometrics.

2. To improve your ability to communicate your understanding of data analysis.

3. To expand your knowledge of various statistical techniques to analyze data and better understand the selection of different statistical techniques for different research problems.

4. To understand how economic theories may be used to create testable hypotheses using empirical data and econometrics.

5. To examine the role of econometrics in analyzing issues of social concern.

6. To examine the limitations of econometrics and their applications on society.

7. To prepare you for other courses and for a job as an economist where data analysis is required.

Outcome

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.

Reference

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).

ECON3502 | International Economics-I

ECON3502

Objective

The objective of this course is to provide a foundation in international trade theory and enable the student to apply this theory to the study of issues in globalization, economic integration and trade policy. Broadly, the goals are to

i. Understand existing patterns of international trade

ii. Ask if trade is beneficial for individual economies and the wider international community and if there are winners and losers from trade

iii. Study the conduct of trade policy, its objectives and impacts

iv. Gain familiarity with the world trading system. 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

Outcome

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.

Reference

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

ECON3503 | Health Economics

ECON3503

Objective

Health Economics is designed to teach you basic principles of microeconomics and how to use those principles when thinking about health care policy issues. We will use these principles to understand the demand for health care, the supply of health care, the health insurance market, and the role of the government in health policy. The purpose of the course is to enrich your conceptual and technical understanding of the economic principles that drive the health care system (the role of economic incentives, competition, and regulation in the performance of the health care system), and to teach you how consumers – with and without health insurance – are adapting to the system to receive health care at the lowest cost to them.

Outcome

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.

Reference

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.

ECON3504 | Public Economics

ECON3504

Objective

After completing this course, students should have developed a range of skills enabling them to understand economic concepts and use those concepts to analyze specific questions. The specific aims and objectives are to: Introduce the activities of government and the motivation behind economic intervention Show how the tools of microeconomics can be applied to policy analysis Provide a conceptual framework for assessing the success of economic policy To conduct the evaluation of policy proposals.

Outcome

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

Reference

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

ECON3505 | Development Patterns and Economic Systems

ECON3505

Objective

1. Understand the theory of economic systems and their changes over time.

2. Get acquainted with the different economic system in practice.

3. Understand the historical contexts of global economic development.

4. Get acquainted with different patterns of economic development around the world.

5. Learn the reasons of the great divergence in global economy.

Outcome

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.

Reference

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).

Semester 6

ECON3601 | Econometrics- II

ECON3601

Objective

1. To improve your ability to communicate your understanding of data analysis.

2. To expand your knowledge of various statistical techniques to analyze data and better understand the selection of different statistical techniques for different research problems.

3. To understand how economic theories may be used to create testable hypotheses using empirical data and econometrics.

4. To make students able to use the estimated model to prediction.

5. To examine the role of econometrics in analyzing issues of social concern.

6. To examine the limitations of econometrics and their applications on society.

7. To prepare you for other courses and for a job as an economist where data analysis is required.

Outcome

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.

Reference

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)

ECON3602 | International Economics-II

ECON3602

Objective

i. Understand existing patterns of international trade

ii. Ask if trade is beneficial for individual economies and the wider international community and if there are winners and losers from trade

iii. Study the conduct of trade policy, its objectives and impacts

Outcome

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.

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.

Reference

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

ECON3603 | Advanced Mathematical Methods in Economics

ECON3603

Objective

On successful completion of this course students will be able:

1. To gain confidence with advanced-mathematical tools.

2. To develop analytical skills

3. To develop organizational skills

4. To develop both independent learning and group work skills

5. To develop verbal and non-verbal communication skills

6. To successfully use mathematical modelling in economics and business applications.

Outcome

Content will be updated soon.

Reference

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

ECON3604 | Research Methodology

ECON3604

Objective

1. Understand research terminology.

2. Be aware of the ethical principles of research, ethical challenges and approval processes.

3. Identify the components of a literature review process.

4. Identify the components of a literature review process.

5. Critically analyze published research.

Outcome

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.

Reference

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

ECON3605 | Labor Economics

ECON3605

Objective

1. To understand the factors that determine the outcomes observed in labor markets in today's globalized world.

2. To understand how workers, firms, unions and the government interact in the labor market and how these interactions are transferred to economic indicators observed.

3. To be able to evaluate the importance of public policy in the context of the labor market.

4. To be able to analyze different aspects of real world labor markets.

Outcome

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.

Reference

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)

Semester 7

ECON4701 | Advanced Microeconomics –I

ECON4701

Objective

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.

Outcome

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.

Reference

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

ECON4702 | Advanced Macroeconomics –I

ECON4702

Objective

The goal of this course is to provide students with a rigorous overview of modern macroeconomics. Students should be expected to use some basic mathematical tools (algebraic manipulations, solving systems of equations, simple differential calculus, etc.). As modern macroeconomics is quantitative, students should also be expected to do some quantitative exercises in a program such as Microsoft Excel. Students should be taught that modern macroeconomics is one cohesive structure deriving from a simple, dynamic neoclassical model. The distinction between “short run” and “long run” is not so much about time, but rather about frictions – are wages and prices sticky? Are some factors of production fixed? Frictions are introduced along the way to make the model better fit the data. As frictions are introduced, the desirability of different policies will be emphasized. In addition to learning about macroeconomic policies, an important objective of this course is to equip students with tools and training to be exposed to the research frontier. To that end, some effort should be made to expose students to modern macroeconomic research, with some particular emphasis on the methodological debates that have sprung up in the wake of the recent crisis period.

Outcome

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.

Reference

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.

ECON4703 | Software Application for Economic Analysis

ECON4703

Objective

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

3. Gain industry equivalent knowledge of professional typesetting and achieve skill on LaTeX for academic writing

4. Gain knowledge on basics of statistics using edge cutting software R and apply the concepts in practical field

Outcome

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

Reference

Content will be updated soon.

ECON4704 | Time Series & Panel Data Analysis

ECON4704

Objective

1. Understand and apply basic concepts and theories of the cross-sectional models.

2. Get acquainted with the main concepts of Time Series theory and methods of analysis.

3. Understand the differences between cross-sections and time series datasets, and those specific economic problems, which occur while working with data of these types.

4. Learn the basic features of time series data and some basic concepts of time series econometrics (Stationarity, Non-Stationarity, Unit root test & Co-integration)

5. Get a preliminary idea of panel data econometrics.

Outcome

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.

Reference

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

ECON4705 | History of Economic Thought

ECON4705

Objective

Content will be updated soon.

Outcome

Content will be updated soon.

Reference

Content will be updated soon.

Semester 8

ECON4801 | Advanced Microeconomics- II

ECON4801

Objective

To help understanding the basic criterion of risk and uncertainty related to portfolio investment

To develop core knowledge on how welfare is related with different types of market structure

To develop analytical ability among the students to solve problems using the strategies and techniques of game theory

To make the students able to understand how public policies are implemented using mechanism design

To help understanding the basic criterion of risk and uncertainty related to portfolio investment

To develop core knowledge on how welfare is related with different types of market structure

To develop analytical ability among the students to solve problems using the strategies and techniques of game theory

To make the students able to understand how public policies are implemented using mechanism design

Outcome

LLO 1

LLO 2

LLO 3

LLO 4

LLO 1

LLO 2

LLO 3

LLO 4

Reference

Microeconomic Analysis

Microeconomic Theory: Basic Principles and Extentions

Microeconomic Analysis

Microeconomic Theory: Basic Principles and Extentions

ECON4802 | Advanced Macroeconomics –II

ECON4802

Objective

The course aims to:

i. introduce students to widely used macroeconomic theories and their applications,

ii. ensure that students can apply macroeconomic analysis using both graphical and algebraic techniques to the study of contemporary and historical economic cases,

iii. develop students’ ability to put their research and professional interests into a broader political and macroeconomic context,

iv. encourage students to question and critically assess existing academic and non-academic literature in their research area from the macroeconomic perspective.

Outcome

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.

Reference

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.

ECON4803 | Monetary Economics

ECON4803

Objective

The objectives of this course are to enable the students to- 1. Develop an understanding of the theories that relate to the existence of money, explaining why it is demanded by individuals and used in the trading process. 2. Develop an understanding of the monetary transmission mechanism, whereby decisions made by the monetary authorities concerning money supplies or interest rates have real effects on the economy. 3. Develop a number of macroeconomic models through which monetary policy can be evaluated. Such models will include both Classical & Keynesian schools of thought and will consider why monetary policy matters. 4. Develop an understanding of the uncertainties policy-makers face and how policymakers may deal with these.

Outcome

Content will be updated soon.

Reference

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.

ECON4804 | Natural Resource and Environmental Economics

ECON4804

Objective

Students will know how economic activities creates an environmental externality

Students will know how to measure the value of the environment and they will analyze different methods measurement

Students will know about cost-benefit analysis, they will apply it in real life and they will evaluate different environmental projects according to cost benefit analysis

Students will know how to allocate depletable resources and they will evaluate different policies regarding depletable and non-renewable resources

Students will create a research proposal on environmental valuation

Outcome

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

Reference

Content will be updated soon.

ECON4805 | Information Economics

ECON4805

Objective

The aim of this course is to analyze the role of information in Economics. Information Economics tries to focus on three topics include Moral Hazard, Adverse selection and Signaling which eventually will help us to trace out how economic agents make contracts when faced with uncertainty and asymmetric information. In moral hazard principle does not observe agent’s effort, is interested in high effort and needs to motivate the agent by appropriately designing the contract. In adverse selection the principle does not observe agent’s type, is interested to hire higher types and will design the contract in his favor. Signaling works like adverse selection but here the agent can take an action by signing all his type.

Outcome

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

Reference

Information Economics

The Economics of asymmetric information

Information Economics

The Economics of Asymmetric Information

ECON4806 | Project Paper

ECON4806

Objective

Content will be updated soon.

Outcome

Content will be updated soon.

Reference