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BA Economics Course Description

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Course Description

Semester-1

  • ECO102 – Introduction to Macroeconomics-I

    Course Code: ECO102

    Course Name: Introduction to Macroeconomics-I

    1. Basic Concepts and Relationships: Definition of macroeconomics, Difference between micro and macroeconomics, relationships among macroeconomic variables, the core objectives of macroeconomics.

    2. National Income Accounting: GNP and GDP, disposable income, real and nominal GDP and GNP, Measurement of GNP: product, income and expenditure method.

    3. Income Determination: The saving-investment balance, planned and realized investment, consumption, saving and tax functions, determinations of equilibrium income, the investment multiplier.

    4. Consumption Demand: The importance of consumption in aggregate demand, consumption, expenditure and income, consumption functions, hypothesis of consumption- the absolute income hypothesis and the relative income hypothesis.

    5. Classical views of macroeconomic equilibrium and its criticism: Assumption of Classical Model, Pillars of classical macroeconomics, Say’s Law, Wage flexibility, Keynes criticism of the classical view.

    6. Monetary and Fiscal Policy: meaning of monetary and fiscal policy, monetary and fiscal policy in the IS-LM framework, fiscal policy and crowding out.

    Books Recommended

    1. W.H Branson, Macroeconomic Theory and Policy, 3rd edition, 1994.

    2. R. Dornbusch and S. Fischer, Macroeconomics, 7th edition, 2000.

    3. N. Gregory Mankiw. Macroeconomics, Worth Publisher, 2007

    • P. A. Samuelson and W. D. Nordhaus , Economics, McGraw Hill- International Edition.

  • ENG 101 – Basic English

    Course Code: ENG 101

    Course Name:  Basic English

    1. Basic Grammar: Articles, Verb and Time, Principal and Auxiliary Verbs, Subject- Verb Agreement, Sentence Structure and Clause, Questions (Tag Question, WH- Questions, Negative Questions), Number, Preposition, Active and Passive Voice.

    2. Reading: Reading Comprehension passage and answering unseen passage (True/False, Multiple Choice, Vocabulary, Matching Sentences, short questions, fill in the gaps, summary writing etc).

    3. Writing: Writing paragraph, Curriculum Vitae (C.V) and formal application, rearrangement of sentences.

    Books Recommended

    1. Paresh Chandra Das,  Applied English Grammar and Composition (English Version), NCBA, 2010.

    2. J. Eastwood. Oxford Practice Grammar, New Edition, Oxford University Press, 1999.

    3. M. Inhoof and H. Hudson, From Paragraph to Essay. Hong Kong Longman Group ltd., 1998.

    4. R. Murphy, Intermediate English Grammar. 2nd Edition. Cambridge University Press, 1994.

  • CSE 101 – Introduction to Computers I

    Course Code: CSE 101

    Course Name: Introduction to Computers I

    1. Introduction: Basic Concepts- Definition of Computer, Basic Functions of Computer, Characteristics of Computer, Limitations of Compute, Usages of Computer.

    2. Hardware and Software: Hardware- Definition, CPU, Input and Output Devices, Memory Disk and Drives, Software- Definition, Types of Software, Operating System, Usages of Operating System, Windows-7.

    3. Word Processing (MS Word)-1: Basic Operations: Opening Page, Preparing a Document, Save, Open a Document, Cursor Control Commands, Text Deletion, Undo, Redo, Search/Find, Special Effects (Bold, Italic, Underline, Subscript, Superscript, Font Selection, etc), Print Commands.

    4. Word Processing (MS Word)-2: Footnotes and Endnotes, Header and Footer, Preparing a Table, Insert Table, Draw Table, Pictures, Graph and Charts Using MS Word, Consumer and Producer Equilibrium with Graph, Equation, Symbol.

    5. Spreadsheet (MS Excel): Definition of Spreadsheet, Usages of  Spreadsheet, Preparing Worksheet, Save Worksheet, Open Work sheet, Delete raw, column, Data sort, Formula and Function (Summation, Division, Multiply, Percentage, Average etc.), Graph and Chart, Preparation of Result, Financial Function (PV, FV, IRR, NPV).

    6. The Internet: The World Wide Web, Google, Getting Connected to the Web, Browsing the Web, Locating Information on the Web, Email.

    Books Recommended

    1. M. Lutfar Rahman and M. Alamgir Hossain: Computer Fundamentals, Systech Publication Ltd, Dhaka.

    2. Mahbubur Rahman MS Word, Systech Publication Lt.Dhaka, 2013.

    3. Mahbubur Rahman, Ms Excel, Systech Publication Lt.Dhaka, 2013.

  • Math101 – Mathematics for Economics-I

    Course Code: Math101

    Course Name: Mathematics for Economics-I

    1. Introduction: Mathematical versus Nonmathematical Economics, Ingredients of a Mathematical Model- Variables, Constants and Parameters, Equations and Identities, Types of Functions, Functions of Two or More Independent Variables, Inequalities.

    2. Static Analysis: The Meaning of Equilibrium, Partial Market Equilibrium-A linear model, Equilibrium in National Income Analysis.

    3. Comparative Static Analysis: The Nature of Comparative Statics, Rate of Change and the Derivative, The Derivative and the Slope of a Curve.

    4. Comparative Static Analysis of General Function Model: Differentials, Total Differentials, Rules of Differentials, otal Derivatives, Derivatives of Implicit Functions, Comparative Statics of General Function Models, Limitations of Comparative Statics.

    5. Optimization Problem: Optimum Values and Extreme Values, Relative Maximum and Minimum: First Derivative Test, Second and Higher Derivatives, Second Derivative Test, Economic problem.

    6. Production Function: Cobb-Douglas production function, marginal productivity, degree of homogeneity and returns to scale, Euler’s theorem.

    Books Recommended

    1. Alpha C. Chiang, Kevin Wainwright, Fundamental Methods of Mathematical   Economics, 4th Edition.

    2. Edward T. Dowling, Introduction to Mathematical Economics. 2nd Edition.

  • ECO 101 – Principles of Microeconomics

    Course Code: ECO 101 

    Course Name: Principles of Microeconomics

    1. Definition and Scope: Consumer and producer, scarcity, microeconomic theory and its uses.

    2. Demand and Supply: Demand and supply curves, market equilibrium, changes in equilibrium.

    3. Consumer Behavior: The indifference curve and its characteristics, the consumer equilibrium, changes in consumer equilibrium—income, price, and substitution effect.

    4. The Theory of the Firm: Perfect competition, equilibrium of the firm under perfect competition.

    5. The Theory of the Firm: Monopoly, Equilibrium of the firm under monopoly, short run and long run equilibrium.

    6. Price discrimination: Basic assumptions, equilibrium of a price discriminating monopolist.

    Books Recommended

    1. N.G. Mankiw. Principles of Microeconomics, 2012, CENGAGE Learning, 6th  Edition.

    2. D. Salvatore. Microeconomics: Theory and Application, 4th Edition, 2003, Oxford University Press.

  • ECO 101 – Principles of Microeconomics

    Course Code: ECO 101

    Course Name: Principles of Microeconomics

    1. Definition and Scope: Consumer and producer, scarcity, microeconomic theory and its uses.

    2. Demand and Supply: Demand and supply curves, market equilibrium, changes in equilibrium.

    3. Consumer Behavior: The indifference curve and its characteristics, the consumer equilibrium, changes in consumer equilibrium—income, price, and substitution effect.

    4. The Theory of the Firm: Perfect competition, equilibrium of the firm under perfect competition.

    5. The Theory of the Firm: Monopoly, Equilibrium of the firm under monopoly, short run and long run equilibrium.

    6. Price discrimination: Basic assumptions, equilibrium of a  price discriminating monopolist.

    Books Recommended

    1. N.G. Mankiw. Principles of Microeconomics, 2012, CENGAGE Learning, 6th  Edition.

    2. D. Salvatore. Microeconomics: Theory and Application, 4th     Edition, 2003, Oxford University Press.

    Semester-2

    •  ECO 106 – Computer Literacy

      Course Code: ECO 106 

      Course Name: Computer Literacy

      1. Rapid Typing 1: Importance of rapid typing, the keyboard, typing without looking at the keyboard.

      2. Rapid Typing 2: Rapid Typing software, lessons of Rapid Typing, Rapid Typing test.

      3. MS PowerPoint 1: Introduction of PowerPoint, Screen and title bar, menu bar, slide show.

      4. MS PowerPoint 2: Preparing PowerPoint for presentation, alignment, Editing, drawing a graph, flow chart, picture and clip art.

      5. Web Page Development 1: Basic concept of web design, Languages of web design, internet verses the web, webpage addresses.

      6. Web Page Development 2: Responsive web design, steps for web page preparing, paragraphs, headings, adding images, table markup, Hyper Text Markup Language (HTML).

      Books Recommended

      1. M. Lutfar Rahman and M. Alamgir Hossain: Computer Fundamentals, Systech Publication,2013.

      2. Mahbubur Rahman MS Word, Systech Publication Lt.Dhaka, 2013.

      3. Mahbubur Rahman, Ms Excel, Systech Publication Lt.Dhaka, 2013.

      4. Bappi Ashraf, Mastering MS PowerPoint, Gyankosh Prokashani, Dhaka, 2013.

      5. Bappi Ashraf, Mastering Web Design and Development, Part 1 & 2. Gyankosh Prokashani, Dhaka, 2013.

    • ECO 105 – Bangladesh Economy-I

      Course Code: ECO 105

      Course Name: Bangladesh Economy-I

      1. Introduction: Basic Economic Problems of Bangladesh - Main Characteristics of Bangladesh Economy - Basic Economic Problems of Bangladesh, Solution of the Economic Problems, Causes of Low per capita Income and Low Standard of Living in Bangladesh. Measures to Increase per Capita Income. Non-Economic Problems of Bangladesh.

      2. Economic Development - Concepts of Development and Underdevelopment - Economic Growth and Economic Development. Causes of Economic Backwardness - Methods of Processes and Determinants of Development - Economic Development of Bangladesh.

      3. Resources for Development - Internal and External Resources - Private and Public Resource - Methods for Mobilization of Domestic Resource - Role of Foreign Aid, Foreign Capital in Economic Development.

      4. Agricultural Development of Bangladesh – Modernization - Problems & Solutions.

      5. Industrial Development of Bangladesh - Processes of Industrialization- Nationalization of Industries - Problems and Prospects of Nationalized, De-nationalized and Private Industries - Small & Medium Industries - Importance of Small and Cottage Industry in the Economy.

      6. Economic Planning in Bangladesh - Short & Long-range Planning - Population Policy and Manpower Training.

      Books Recommended

      1. Bangladesh Economic Review, Ministry of Finance of Bangladesh.

      2. Bangladesh Bank, Annual Report, Statistical Division.

      3. Bangladesh Bureau of Statistics Publication.

      4. First, Second and Third, Fourth, Fifth and Seventh Five Year Plans of Bangladesh.

    • ECO 104 –  Public Finance

      Course Code: ECO 104

      Course Name: Public Finance

      1. Definition and Scope of Public Finance: Definition of Public Finance, distinction between private and public finance, public goods and private goods..

      2. Public Revenue: Definition of tax, characteristics of a good tax system, objective of taxation, taxation in a developing country.

      3. Incidence of Taxes: The impact, the incidence and the effects of a tax, shifting of a tax.

      4. Classification and Choices of Taxes: Single and multiple tax system, proportional and progressive tax system, direct and indirect tax. Merits and demerits of direct and indirect tax.

      5. Public Debt: Meaning of public debt, public debt and private debt, importance of public debt, burden of debt and future generation.

      6. Public Expenditure: Meaning and nature of public expenditure, Wagner’s law of increasing state activities, Wiseman-Peacock hypothesis, the critical limit hypothesis, distinction between private and public expenditure.

      Books Recommended

      1. J.R., Aronson, Public Finance, McGraw-Hill, 1985, Singapore H.L. Bhatia. Public Finance, Vikas Publishing House, 26th Edition, 2013, New Delhi.

      2. R.A. Musgrave. and Musgrave, P.B., Public Finance in Theory and Practice.

      3. H.S. Rosen. Pulic Finance, McGraw Hill,7th Edition, 2005, New York.

    • STAT-101 – Statistics for Economics-1

      Course Code: STAT-101 

      Course Name: Statistics for Economics-1

      1. Introduction: Statistics, Population and Sample, inductive and deductive/descriptive statistics, Variables-discrete and continuous variables, graphs, equations, inequalities, notation, summation notation.

      2. Frequency Distribution: Raw Data, arrays, frequency distribution, class intervals and class limits, class boundaries, the size of a class interval, class mark.

      3. General rules for forming frequency distribution, histogram, cumulative frequency distribution and ogives.

      4. Measures of Central Tendency-1: The arithmetic mean, properties of the arithmetic mean, arithmetic mean computed from grouped data, the geometric mean, The harmonic mean.

      5. Measures of Central Tendency-2: The relation between arithmetic, geometric and harmonic means, the median, quartiles and percentiles, the mode, empirical relation between mean, median and mode.

      6. Measures of Dispersion: The range, the mean deviation, the variance, the standard deviation, Properties of the standard deviation, coefficient of variation, standardized variable, z-scores.

      Books Recommended

      1. Spiegel, Theory and Problems of Statistics

      2. Lind, Marchal and Wathen, Statistical Techniques in Business and Economics, Fourteenth Edition.

      3. Rabindra Nath Shil, Subash Chandra Debnath, An Introduction to the Theory of Statistics, 3rd Edition.

    • ECO 103 – Agricultural Economics

      Course Code: ECO 103 

      Course Name: Agricultural Economics

      1. Introduction to Agricultural Economics: Need and Scope for a separate study of agricultural economics, special features of demand and supply in agriculture.

      2. Contribution of Agriculture to Economic Development: Product Contribution, market Contribution, market contribution, factor contribution.

      3. Agricultural Finance: Sources of agricultural capital and credit function of rural money markets in LDCs, financial policies for agricultural development.

      4. Agricultural Marketing and Pricing Policy: Scope and role of agricultural marketing, marketing function and market structure, marketing costs, margins and efficiency, market intelligence and grading, market integration, imperfections of agricultural marketing in LDCs, marketing reform.

      5. Land Reform: Types of land tenure system, share tendency, meaning of land reform, objectives, benefits and limitation of land reform, land reform in the developing countries.

      6. Role of Government: Case for government intervention in agriculture, protection of farmer’s income, security of supply, methods of agricultural price support-deficiency payments system.

      Recommended Books

      1. Dell and  Orazem:  Production  Economics: Theory with Applications

      2. Ghatak, S and Ingersent: Agriculture and Economic Development

      3. Hill and Ingersent: Economic Analysis of Agriculture

      4. Meier, G M: Leading Issues in Economic Development

      5. Sadhu and Singh: An Introduction to Agricultural Economics

      1. Colmen, D and Young, T: Principles of Agricultural Economics 

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    Semester-3

    •  ECO 204 – Macroeconomics-II

      Course Code: ECO 204

      Course Name:  Macroeconomics-II

      1. Consumption Demand: Two theories of consumption demand—the permanent income hypothesis and the life cycle hypothesis.

      2. Investment Demand: Importance of investment in macroeconomic analysis, business fixed investment, residential investment and inventory investment.

      3. Demand for money: Components of the money stock, the function of money, the demand for money—theory of demand for money—empirical evidence.

      4. Supply of money: The instruments of monetary policy, the mechanism of monetary expansion, the determinants of the money supply, empirical estimates of interest elasticity.

      5. Labour Market: The demand for labour, the supply of labour, equilibrium in the labour market.

      6. Inflation and Unemployment: The Phillips curve, the relationship between inflation and unemployment, the short and long run Phillips curve, adaptive expectation in the Phillips curve.

      Books Recommended

      1. W.H. Branson, Macroeconomic Theory and Policy, 3rd Edition, Indus, 1994

      2. R. Dornbusch and S. Fischer, Macroeconomics, 4th Edition, Norton, 1994

      3. N.G. Mankiw, Macroeconomics, 6th Edition, Worth Publishers.

      Course Code: ECO 205

       Course Name:  History of Socialist Development

      1. Economic Laws of Socialism: Rise, establishment and stages of development of socialism, social ownership of the means of production,

      2. Planned Development in Socialism: Character of labour and basic economic law of socialism, planned development in socialist economy and economic role of socialist state.

      3. Revolution and New Policies in USSR: Russian economic development prior to the First World War, Proletariat revolution, period of war communism, Transition to new economic policy.

      4. Crisis and the Planning System in Soviet Union: Scissors crisis of 1923 and industrialization debate, Agrarian situation on the eve of first five year plan, three five year plans.

      5. Revolution in China and the Beginning of Mao era: Understanding China, Opium war, Sino-Japanese war, Nationalist revolution, impact of the west and socio-economic changes(1905-1930),rise of Chinese communist party, civil war, first five year plan in china and its results.

      6. Socialist Transformation and Post Mao Reforms: The Great Leap Forward movement, people’s commune, cultural revolution, reforms in post Mao era and impacts.

      Books Recommended

      1. Kozlov, Political Economy: Socialism

      2. Kozlov, Political Economy: Capitalism

      3. M.A. David, The Making of Modern China.

    • ECO 203 – Bangladesh Economy-II

      Course Code: ECO 203 

      Course Name: Bangladesh Economy-II

      1. Demographic Characteristics: Size and composition of the population, density and regional distribution of population, the size and occupational distribution, economic significance of population.

      2. National Income and its Distribution: The size and composition of the GDP and GNP at constant and current prices, tends of per capita GNP and living standard of population, income distribution and magnitude of poverty.

      3. Sector Wise Contribution to GDP: Major sectors of GDP and their contribution on Bangladesh economy, agriculture, industry and service sectors and their sub sectors.

      4. External Sector: Volume, composition and direction of foreign trade, the balance of trade and the balance of payment, the exchange rate.

      1. Economic Infrastructure: Transport and communication, power and energy, education and housing, social and economic institutions.

      2. Public Finance: Government budgets, revenue and capital budgets, public borrowing and debt servicing, development budget.

      Books Recommended

      1. Bangladesh Economic Review, Ministry of Finance of Bangladesh.

      2. Bangladesh Bank, Annual Report, Statistical Division.

      3. Bangladesh Bureau of Statistics Publication.

      4. First, Second and Third, Fourth, Fifth and Seventh Five Year Plans of Bangladesh.

    • ECO 202 – History of Capitalist Development

      Course Code: ECO 202

       Course Name: History of Capitalist Development

      1. Economy of the U.K—The Pre Capitalist Period:

      2. Medieval economic organizations—the manorial system; mercantilism—rise of merchant capital.

      1. Agricultural Revolution: Agricultural Revolution of the 16th and 18th century in U.K.

      2. Industrial Revolution: Rise of industrial capital—industrial revolution; laissez faire, rise and decline of free trade and ascendancy in world trade.

      3. Colonial Economy of North America: British Mercantile Policy and American war of independent—its economic causes and consequences.

      4. Agricultural Trend in U.S.A: Rising factory system, civil war and its economic causes and consequences.

      5. Economy of Japan: Tokugawa period—Rising influence of merchants in the late Shogunate period; the Meiji restoration.

      Books Recommended

      1. G. C. Allen, A Short Economic History of Japan.

      2. Faulkner, American Economic History.

      3. Southgate, English Economic History.

    • ECO 201 – Microeconomics- II

      Course Code: ECO 201 

      Course Name: Microeconomics- II

      1. Consumer Theory: The indifference curve analysis, equilibrium of the consumer, the Slutsky equation and its interpretation.

      2. Production Functions: Concept of production function, homogeneity of production functions, Cobb-Douglas production function, and the CES production function.

      3. Economics of Imperfect Competition—monopoly and duopoly: The Cournot model, collusive oligopoly, cartels and joint profit maximization price leadership, monopolistic competition.

      4. Average Cost Pricing: A critique of the neoclassical theory of the firm, the marginalist controversy, a representative model of average cost pricing.

      5. Theory of Sales Revenue Maximization: Rationalization of the sales maximization hypothesis,Baumol’s static models,Baumol’s dynamic models.

      6. Welfare Economics: Needs of welfare economics, Pareto optimality for consumption and production, and its limitations.

      Books Recommended

      1. A. Koutsoyiannis, Modern Microeconomics, ELBS, 1979.

      2. J. M. Henderson, and R. E. Quandt, Microeconomic Theory: A Mathematical Approach.

    Semester-4

    • ECO 301 – Econometrics-I

      Course Code: ECO 301

      Course Name: Econometrics-I

      1. Definition and Scope of Econometrics: Definition and scope of econometrics, goals of econometrics, division of econometrics.

      2. The Two-Variable Linear Regression Model: The simple linear regression model, assumptions of the model, OLS estimations, properties of the least squares estimators.

      3. Extensions of the Two-Variable Linear Regression Model: Regression through the origin, functional forms of regression model.

      4. The General Regression Model: The assumptions of the model, OLS estimation of the model, and adjusted .

      5. The Problem of Multicollinearity: Definition of multicollinearity, consequences of mulicollinearity, measures to tackle multicollineariity problem.

      6. The Problem of Heteroscedasticity: Definition of heteroscedasticity, consequences of heteroscedasticity, measures to tackle heteroscedasticity problem.

      Books Recommended

      1. D. Gujarati, Basic Econometrics, 4th Edition, McGraw Hill.

      2. Johnston, Econometric Methods.

      3. Koutsoyiannis, Theory of Econometrics.

    •  ECO 208 – Transport Economics

      Course Code: ECO 208

      Course Name: Transport Economics

      1. Transport and Economic Infrastructure: Need for Transport Economics; Nature and scope of Transport Economics; Its Relationship with Economics.

      2. Elements of a Modern Transport System: Land Transport: Rail and Road, Motor and Non Motor etc.; Water Transport; Air Transport; Pipe Line Transport.

      3. Analysis of Demand and Supply: The Influence of Income on The Demand for Transport; Demand for Motor and Non-motor and Public Transport; The Identification of the Costs of Individual Traffics; Cost Functions.

      4. Theory of Pricing for Transport: Pricing Under Different Markets: Competition, Monopoly, Monopolistic Competition and Oligopoly; Costs and the Pricing Process; Theory of Rail Rate Making; Theory of Motor and Non-motor Carrier Rates; Pricing and Efficiency.

      5.Transport Policy and Regulation: Need for Transport Policy and Regulation; Fair Prices and General level of Rates; Principles Underlying Particular Rates; Fares, Freights and Rates; Co-operation among Carriers; Standards of Public policy and Regulation. 

      6. Urban Transport: The Rise of the Mega Cities and towns and The Emergence of The Urban Transportation Problem; The Commuter Problem; The Problems of Pricing and Organization; Solutions to the Urban Transport Problems. 

      7. Transport Terminals and their Management Problems: Rail and Road Terminals; Water and Air Terminals etc. 

      8.Transport in Bangladesh: Need for a Sound National Transportation Policy; The Most Neglected Economic Infrastructure in Our Country; Different Modes of Transport and their Relative Importance; Public and Private Sector Transports; Transport in Our Five Year Plans and PRSP; Need for A Comprehensive Approach Towards Transport Development. 

      Recommended Books

      Dudley F.P.: Transportation: Economics and Public Policy, Richard d. lrwin Inc., 1971, USA.

      Stubbs P.C, Tyson W.J. and Dalvi M.O., Transport Economics, George Allen & Unwin, London, 1984, UK.

      MOP, GOB: Five Year Plans of Bangladesh, 1973-2002 and PRSP 2005

      বাংলাদেশ অর্থনীতি সমিতি: Political Economy of Bangladesh এবং বাংলাদেশ অর্থনীতি সমিতি সাময়িকী।
      অর্থ মন্ত্রণালয়, বাংলাদেশ সরকার: বাংলাদেশ অর্থনৈতিক সমীক্ষা।
      পরিসংখ্যান ব্যূরো, বাংলাদেশ সরকার: বাংলাদেশ পরিসংখ্যান বর্ষ গ্রন্থ।

    • STAT 102 – Statistics for Economics-II

      Course Code: STAT 102

      Course Name:  Statistics for Economics-II

      1. Elementary Probability Theory: Definition of probability, independent and dependent events, mutually exclusive and non- mutually exclusive events, conditional probability, basic theorem of probability theory.

      2. The Binomial, Poisson and Normal Distribution: The binomial, Poisson and normal distribution, their characteristics, mean and variance, relationship among binomial, Poisson and normal distribution.

      3. Elementary sampling Theory: Sampling theory, random sampling, sampling with and without replacement, types of sampling, sampling distribution and its characteristics.

      4. The Chi-Square Test: Observed and theoretical frequencies, definition of Chi-Square, confidence interval, significance of test, goodness of fit.

      5. The t-test and F-test: Small samples, student’s distribution, confidence interval, degrees of freedom.

      6. Analysis of Variance (ANOVA): The purpose of analysis of variance, one- way classification, mathematical model for ANOVA, distribution of variation, ANOVA table.

      Books Recommended

      1. Spiegel, Theory and Problems of Statistics.

      2. Lind, Marchal &Wathen, Statistical Techniques in Business and Economics, Fourteenth Edition.

      3. Rabindra Nath Shil, Subash Chandra Debnath, An Introduction to the Theory of Statistics, 3rd Edition.

    • ECO 207 – Project Appraisal

      Course Code: ECO 207

      Course Name:  Project Appraisal

      1. The Project: Definition and different stages of a project; implementation and evaluation; objective of financial and economic appraisal of projects.

      2. Financial Appraisal: Net present value (NPV), benefit-cost ratio (B-C), internal rate of return (IRR), relative discussion of these methods.

      3. Economic Appraisal: Rationale for economic analysis of projects, need for public project, use of shadow price, measuring changes in economic welfare.

      4. Measurement of Economic Prices: Domestic versus international prices, Valuing tradable versus non traded goods, UNIDO and LM methods.

      5. Choice of Discount Rate: Appropriate social rate of discount, different methods of discounting in public sector, Social discount rate, social opportunity cost rate, social time preference rate.

      6. Environmental and Project Appraisal: Reasons for valuation of environmental externalities, Valuation of environmental aspects.

      Books Recommended

      1. Harry Campbell and Richard Brown, Benefit-Cost Analysis: Financial and Economic Appraisal using Spreadsheets, Cambridge University Press, 2003.

      2. F. Perkins, Practical Cost Benefit Analysis: Basic Concepts and Application, Macmillan, 1994.

    • ECO 206 – Money and Banking

      Course Code: ECO 206

      Course Name:  Money and Banking

      1. Money: Definition, functions of money, kinds of money- commodity standards, fiat standards, deposit money, near money, credit and money.

      2. Quantity Theory of Money: The transaction velocity approach, the cash balance approach, the income version of the Cambridge equation, criticism of the traditional quantity theory.

      3. Commercial Banking: Concept of balance sheet of a commercial bank, portfolio management of commercial banks-the risk returns indifference curve, the mean and variance portfolio.

      4. The Supply of Money: Economics of deposit creation, complications—currency drain, excess reserve, non-personal time deposit, the money multiplier.

      5. Central Banking: Functions of central bank, the goals of central banking, central banking in an underdeveloped country, and objectives of monetary policy.

      6. Monetary and Financial Management: Instruments of monetary control—open market operations, discount rate policy, variations in reserve requirements.

      Books Recommended

      1. D.G. Luckett, Money and Banking.

      2. M.C. Vaish, Monetary Theory

      3. Sethi, Money Banking and International Trade.

    • MATH 102 – Mathematics for Economics-II

      Course Code: MATH 102

       Course Name: Mathematics for Economics-II

      1. Integration: Concepts of integration—indefinite integrals, definite integrals, rules of integration, applications of indefinite and definite integrals—marginal function to total function, consumer’s surplus.

      2. Exponential and Logarithmic Functions: Problems of rate of growth—compound interest and economic interpretation, compounding periods—future value of a series of payment, present value of a series of payment—benefit cost ratio, internal rate of return.

      3. Differential Equation: Definition and classification, homogeneous and non homogeneous equation, dynamics of market price, higher order differential equations.

      4. Difference Equation: General solution for first order difference equation, second order difference equation, the Cobweb model.

      5. Matrix: Concept of a matrix, rank of a matrix, the eigenvalue problem, maxima and minima in matrix terms.

      6. Linear Algebra: Applications to market and national income model.

      Books Recommended

      1. Alpha C. Chiang & Kevin Wainwright, Fundamental Methods of Mathematical Economics , 4th Edition.

      2. Edward T. Dowling, Introduction to Mathematical Economics. 2nd Edition.

    Semester-5

    •  ECO 306 – Development Economics-I

      Course Code: ECO 306

      Course Name: Development Economics-I

      1. Definition and Measurement of Economic Development: Growth and development, indicators of development, common characteristics and differences among poor and emerging countries.

      2. Theories of Development: Harrod-Domar model, the Lewis model of dualistic development.

      3. Food Security: Different aspects of food security, stability of food security, emerging challenges to food security.

      4. Poverty Inequality and Development: Measuring inequality, size and functional distribution of income poverty measurement—headcount index, human poverty index.

      5. Population Growth Theory: Malthusian population trap, microeconomic household theory of fertility. Demographic Transition Theory.

      1. Human Capital in Economic Development: Role of human capital in economic development, contribution of education to economic growth.

      Books Recommended

      1. M.P. Todaro and S.C. Smith. (2003). Economic Development. 8th Edition. Addition-Wesley.

      2. D. Perkins, (2001). Economics of Development. 5th edition. W.W. Norton.

      3. G. Meier, and J. Rauch, (2000). Leading Issues in Economic Development. 7th Edition, Oxford University Press.

    • ECO 305 – History of Economic Thought

      Course Code: ECO 305

      Course Name:  History of Economic Thought

      1. Early Economic Thoughts: Ancient economic thought (Greek and Romans); medieval economic thought; mercantilist thought (Sir Thomas Mun and others).

      2. Classical Economic Thoughts: The classical economic ideas of Adam Smith, David Ricardo, Robert Malthus, and J. S. Mill.

      3. Critiques of the Classical Views: Pre-Marxian or early socialism-Sismondi; Saint Simon; Robert Owen; Louis Bane; Rodbertas; Prouhdhon and Karl Marx.

      4. Economic Ideas of Alfred Marshall: His contribution to value theory, consumer’s and producer’s surplus, theory of welfare.

      5. New Economics of J. M. Keynes: Keynes’s view on wages and spending, fiscal policy, multiplier effect and redistribution.

      6. Islamic Economic Ideas: Islamic ideas of Ibn Khaldun, Ibn Taimiayah, Ibn Al- Quayyim, Al-Ghazzagali, Al- Mqrizi and others.

      Books Recommended

      1. A. Gray, The Development of Economic Doctrine.

      2. T. Hutchison, A Review of Economic Doctrine.

      3. J. Schumpeter, A History of Economic Analysis

      4. M. N. Siddiqui, Muslim Economic Thinking.

    • ECO 304 – Industrial Economics

      Course Code: ECO 304

      Course Name: Industrial Economics

      1. Perspective of Industrial Economics: The scope of the industrial economics; a framework of industrial economics; the early theory of firm; monopolistic competition.

      2. Location of Industry: Determinants of industrial location approaches to industrial location analysis; operational approaches to industrial location; industrial location trends in Bangladesh.

      1. Industrial Investment Decision: Investment decisions; nature and type of investment decisions; a framework for analyzing investment behavior.

      2. Industrial Finance: Concept and types of efficiency; determinants of efficiency; measurement of efficiency levels; efficiency and decision-making process.

      3. Market Structure, Entry and Exit: Measurement of seller concentration; entry conditions and market structure; product differentiation as a barrier to entry; empirical studies of entry and exist.

      4. Government Regulation of Industry: Need for government regulation in industry; ways and means of government regulation in industries; legal framework of industrial regulation in developing countries with reference to Bangladesh.

      Books Recommended

      1. R. R. Barthwal, Industrial Economics- An Introductory Textbook, New Age International Publisher, 2004.

      2. D. A. Hay, and Morris, D. J., Industrial Economics and Organization: Theory and Practices, International Student Edition, 1991

      3. S. Martin, Industrial Economics: Economic Analysis and Public Policy, Macmillan Publishing Co. 1989.

      4. S. Martin, Advanced Industrial Economics, Oxford, Blackwell, 1993

    •  ECO 303 – Introduction to Computer II

      Course Code: ECO 303

      Course Name:  Introduction to Computer II

      1. Specialized Software EViews: Specialized software used in economics, EViews; main features, works that can be done, regression analysis.

      2. Specialized Software SPSS: Specialized software used in economics, SPSS; main features, works that can be done, regression analysis.

      3. Specialized Software STATA: Specialized software used in economics, STATA; main features, works that can be done, regression analysis.

      4. Econometric Estimation Using Computer Software -1: Estimation of correlation coefficients; regression coefficients; correlation matrix etc.

      5. Econometric Estimation Using Computer Software -2: Applying OLS; WLS and GLS methods.

      6. Testing Econometric Assumptions: Testing for autocorrelation;  Heteroscedasticity and Multicollinearity.

      Recommended Books

      1. EViews User Guide, Version 5.0, Quantitative Micro Software, 1995.

    • ECO 302 – Research Methodology

      Course Code: ECO 302 

      Course Name: Research Methodology

      1. Research Problem: Definition of a research problem, selecting the problem, techniques involved in defining a problem with illustration.

      2. Research Design: Meaning and importance of research design, important concepts relating to research design, different research designs, and experimental designs.

      3. Sampling Design: Census vs survey, steps in sampling design, criteria for selecting a sampling procedure, random sample.

      4. Methods of Data Collection: Methods of collecting primary and secondary data, selection appropriate method for data collection, case study method, data analysis and processing.

      5. Proposal Writing: Definition of a research proposal, ways of proposal writing, contents of a standard research proposal.

      6. Interpretation and Report Writing: Meaning of interpretation, technique of interpretation, different steps in writing report, layout of the research report, precautions for writing research report.

      Books Recommended

      1. C.R. Kothari, Research Methodology: Methods and Techniques, 1993.

      2. T.L. Baker, Doing Social Research, 3rd Edition, McGraw- Hill, 2002.

      3. T. M. Black, Doing Quantitative Research, 3rd Edition, Wadswoth, 1998.

    Semester-6

    •  ECO 401 – Financial Investment and Security Analysis

      Course Code: ECO 401 

      Course Name: Financial Investment and Security Analysis

      1. Introduction: Definition and features of Security and bond. Different types of bonds (corporate, secured, unsecured bond).

      2. Bond Valuation and Interest Rate Risk: Valuing a risk less bond, bond prices and interest rates, the bond yield formula and return measure, theorem about bond price fluctuations.

      3. Behavior of Stock Market prices: The market mechanism, market efficiency and testable hypothesis about it, the semi strong efficient market hypothesis.

      4. Efficient Investment and Diversification: Dominance and efficient portfolio, simple or naïve diversification, Markowitz diversification and its significance.

      5. Money Market: Definition of money market and its importance, goals of money market investors, instruments of money market, pattern of interest rate in the money market.

      6. Stock Market in Bangladesh: Features and types of the stocks and shares in Bangladesh, share price index and its change, Comparison of the Dhaka and the Chittagong share market.

      Books Recommended

      1. J.C. Francis, Investment: Analysis and Management. McGraw Hill.

      2. P.S. Rose, Money and Capital Market.

    •  ECO 305 – DEMOGRAPHY

      Course Code: ECO 305

      Course Name:  DEMOGRAPHY

      1. Demography: definition, subject matter, utility of its study.

      2. The Nature of Demographic Data: basic sources of statistics, primary demographic data, secondary sources, census and surveys, vital statistics.

      3. Population Change and its Components: the component of population growth, the component of change expressed as rates, the process of demographic transition, population size, population density, age and sex composition of population.

      4. Fertility and Reproduction: measures of fertility– crude birth rates, general fertility rates, specific birth and fertility rates, total fertility rates, cohort birth rate, cumulative birth rate– children ever born, measures of illegitimacy; measures of reproduction– crude rate of natural increase, gross reproduction rate, net reproduction rate. 

      5. Mortality: conventional measures of mortality– crude death rate, specific death rates, infant mortality rate, neonatal mortality rate, fetal death rate, perinatal death rate, maternal mortality rate; adjusted measures of mortality; trend and differentials.

      6. The Life Table: types of Life Table, construction of Life Table, the complete Life Table, the abridged Life Table– Greville’s method, The Reed-Merrell method, the method of reference to a standard table; uses of Life Table.

      7. Migration: Internal and international; techniques of analysis– net migration, gross migration and migration ratios; methods of measuring internal migration– vital statistics, survival ratio and place of birth method; immigration and population growth; determinants and effects of migration.

      7. Population Projections: Methods of preparing population projection– mathematical methods, component methods; projections of mortality; projections of fertility; uses of population projection. 

      Recommended Books

      • Barclay, George W., Techniques of Population Analysis, John Wiley & Sons, 1958.

      • Bogue Donald J., Principles of Demography, John Wiley & Sons.

      • Shryock Henry S, Jacob S Seigal and Associates, The Methods and Materials of Demography, Condensed Edition, Academic Press Inc., 1976.

      • Spiegelman Mortimer, Introduction to Demography, Second Edition, Harvard University Press, 1968

    • ECO 310 – Health Economics

      Course Code: ECO 310

      Course Name:  Health Economics

      1. Introduction to Health Economics: Concept of health economics, and health care economics; relevance of health economics; importance of health sector in macro economy; economic problems faced by the health sector.

      2. The Production Function of Health: Production function of health; measures of health; morbidity based indicators; healthcare as an output of the health services industry and as an input to health; life style and health; role of medicine; public health; nutrition and schooling on health; determining the allocation of resources to healthcare using health production function; empirical studies health production function.

      3. Demand for Health and Healthcare: Need vs demand, consumer as health producer Grossman model on demand for health; investment and consumption on aspect of health investment; graphical and algebraic exposition of Grossman model; factor affecting demand for health and care; criticism of Grossman model; empirical evidence.

      4. Insurance: Risk and insurance; insurance technology; demand for insurance; risk aversion and willingness to pay for insurance; supply of insurance; the optimal level of coverage; effect of coinsurance and deductibles on demand; loading cost and insurance firm; tax system and demand for insurance; the price for insurance; the question of uninsured.

      1. Cost-Benefit Analysis and Application to Health Care: Cost-benefit analysis: basic principles; the valuation of benefits and costs; cost-benefit analysis in health care; quantity- adjusted life years (QALYs), cost-effectiveness analysis.

      2. Health Care System in Bangladesh: Health status of the population; morbidity and mortality patterns; nutritional status; health care organizations; health policies and programs; health workforce development; health service indicators; financing health; development of private health facilities.

      Books Recommended

      1. C. Fledstein, Healthcare Economics, Belmar Publishers Inc.

      2. Folland, Goodman and Stano, The Economics of Health and Health Care, 2nd Edition, Prentice Hall, 1997.

      3. A. Meguire, Henderson and Moony. The Economics of Health Care, RKP.

    • ECO 309 – Resource and Environmental Economics

      Course Code: ECO 309

      Course Name:  Resource and Environmental Economics

      1. Non- renewable resources: Concept, the Hotelling rule, optimal depletion of non renewable resources, resource extraction in a perfectly competitive market.

      2. Renewable resources: Basic concept, difference between renewable and non- renewable resources, the example of fisheries, maximum sustainable yield (MSY), open access resources versus common property resources.

      3. Natural resource scarcity: Meaning of resource scarcity, Malthusian and Ricardian scarcity, physical and economic indicators, recycling and substitution.

      4. The Economics of pollution: Physical and economic meanings of pollution, classification of pollution, the efficient level of pollution (emission), changes in the efficient level of pollution.

      5. Policy for pollution control: Economic policy for pollution control, bargaining and the Coase theorem, limitation of the Coase theorem.

      6. Economic development and the environment: Concepts of sustainable development, green GDP, the relationship between income and pollution levels—the environmental Kuznets curve, the pollution haven hypothesis.

      Books Recommended

      1. C. Field. (2000). Environmental Economics: An Introduction, 2nd Ed. McGraw-Hill.

      2. T. Titenberg, (2000). Environment and Natural Resource Economics, 5th Ed. Addison-Wesley.

      3. D. Pearce and K. Turner, (1990). Economics of Natural Resource and the Environment Harvester Wheatsheaf, London.

    •  ECO 308 – Econometrics- II

      Course Code: ECO 308

      Course Name:  Econometrics- II

      1. Introduction to Simultaneous Equation Model: The identification problem, under- exactly- and over identified models, the two stage equation model.

      2. The Maximum Likelihood (ML) Method: Derivation of estimates and their properties, comparison between OLS and ML estimations.

      3. The Generalized Least Square (GLS) Method: Derivation of estimates and their properties, comparison between OLS and GLS estimations.

      4. The Weighted Least Square (WLS) Method: Derivation of estimates and their properties, comparison between OLS and WLS estimations.

      5. The Problem of Autocorrelation: Definition of autocorrelation, consequences of autocorrelation, measures to tackle autocorrelation problem.

      6. Errors in Variables: Definition of errors in variables, consequences of errors in variables, measures to tackle errors in variables problem.

      Books Recommended

      1. Gujarati, D. Basic Econometrics.

      2. Johnston, Econometric Methods.

      3. Koutsoyiannis, Theory of Econometrics.

    • ECO 307 – International Economics-I

      Course Code: ECO 307

      Course Name:  International Economics-I

      1. International Economics as a Subject: Reasons for undertaking a separate study of international economics, distinction between interregional and international trade, concepts of import and export.

      2. Classical trade Theory: Adam Smith trade theory- principle of absolute advantages, Ricardian trade theory- principle of comparative advantages, gains from trade.

      3. Modern Trade Theory: The Heckscher-Ohlin trade theory, factor endowments as basis for trade, factor-price equalization.

      4. Trade and welfare: Consumption and production gains from trade, definition and derivation of offer curve, terms of trade and its importance in an economy, trading equilibrium.

      1. Trade Policy: Concepts of tariffs, quota and subsidy, tariffs and their welfare effect, quota and subsidy in providing protection, determination of optimum tariff.

      2. Trade in Bangladesh: Trade components- import and export scenario of Bangladesh trade, reasons for the unfavorable trade condition, trade policy and implementation in Bangladesh.

      Books Recommended

      1. Appleyard and Field. International Economics. 4th Ed, McGraw- Hill. 2001.

      2. Dominic Salvatore. International Economics.

    Semester-7

    • ECO 404 – Cost Benefit Analysis

      Course Code: ECO 404 

      Course Name: Cost Benefit Analysis

      1. Cost-Benefit Analysis as a Process: Allocative efficiency, Opportunity cost, the willingness to pay criterion, the cost-benefit rule.

      2. Valuing Costs and Benefits: Identifying costs and benefit s, valuing non-marketed outputs, valuing externalities.

      1. Present Values and Decision Rules: Discounting to a present value, choosing the base date for discounting, Within-year discounting, the net present value decision rule.

      2. Setting Discount Rates: Concepts of the discount rate: cost of capital rates, Concepts of the discount rate: time preference rates, choosing between cost of capital and time preference discount rates, Benchmark discount rates.

      3. Analyzing Distributional Effects: Distributional limitations in cost-benefit analysis, the display approach, the distributional weights approach, Estimating distributional weights.

      4. Case Study: The Gordon-below-Franklin hydro- electric development proposal.

      Books Recommended

      1. Handbook of Cost-Benefit Analysis. The Financial Management Reference series of publications. 2006.

      2. Campbell, Harry and Brown, Richard. Benefit-Cost Analysis. Cambridge University Press, 2003

    • ECO 403 – Labor Economics

      Course Code: ECO 403

      Course Name: Labor Economics

      1. Labour Economics: Introduction, Importance of labour economics, the “Old” and the “new” concept, labour economics as a subsystem of economic system, payoff.

      2. Demand for Labour: Short-run demand for labour, long-run demand for labour, market demand for labour.

      3. Supply of Labour: Work-leisure decision, the backward bending supply curve, empirical evidence.

      4. Equilibrium in Labour Market: Equilibrium in a perfectly competitive labour market, wage determination, monopoly in the labour market.

      5. Labour Market and Income Distribution: The functional distribution of income and the size distribution of income.

      6. Government Intervention in the Labour Market: The rationale of government intervention, wage and hour legislation, income security measures.

      Books Recommended

      1. McConnell and Brue, Contemporary Labour Economics.

      2. Fleisher, Labour Economics.

      3. Eellante and Jackson, Labour Economics.

      4. McCormick and Smith, The Labour Market.

    • ECO 402 – Urban Economics

      Course Code: ECO 402 

      Course Name: Urban Economics

      1. Introduction: Definition of urban economics, major components of urban economics, rationale for the separate study in economics, Causes of rapid urbanization in developing countries.

      2. Urban Economic Growth: Nature and causes of urban economic growth, expansion of market in urban economy, economic bases theory.

      3. Urban Housing Market: Economics of housing production, demand and supply of housing, urban housing market imperfections, existence of slums, government intervention in housing market and policy implementation.

      4. Urban Labour Market: Nature and characteristics of urban labour market, inefficiencies in urban labour market, urban informal and formal labour market.

      5. Urban Poverty: Nature and extent of urban poverty, strategies of urban poor for surviving and its fall out, policy implication to reduce urban poverty, examples of Bangladesh.

      6. Urbanization and Economic Development: Differences of urban growth pattern in an advanced economy and a developing economy, relationship between urbanization and economic development, requisites of urbanization for economic development.

      Books Recommended

      1. A.O. Sullivan, (2012). Urban Economics.8th International edition, McGraw Hill Higher Education.

    Semester-11

    •  ECO 406 – International Economics- II

      Course Code: ECO 406

      Course Name:  International Economics- II

      1. Economic Integration: Definitions and Stages of economic integration, positive and normative analysis of economic integration- custom union.

      2. Economic Integration in World’s Trade: Regional trade integrations and their achievements, EU, SAFTA, AFTA, NAFTA, SAARC.

      3. Balance of Payment in Trade Analysis: Concept of balance of payment, Principles of balance of trade accounting, fixed and flexible exchange rate, concept of equilibrium in foreign exchange rate, determination of equilibrium rate of exchange.

      1. Balance of Payment Adjustment: Methods- variations in external prices through fixed and flexible exchange rates, theories for balance of payment adjustment- elasticity and absorption approach.

      2. IMF and World Bank: IMF and World Bank establishment, IMF and World Bank as source for short-term and long-term finance.

      3. WTO: GATT and WTO establishment, functioning of WTO, dispute settlement mechanism, countervailing duties and antidumping.

      Books Recommended

      1. Appleyard and Field. International Economics. 4th Ed, McGraw-Hill. 2001.

      2. Dominic Salvatore. International Economics.

    •  ECO 405 – Development Economics- II

      Course Code: ECO 405

       Course Name: Development Economics- II

      1. Agricultural Transformation and Rural Development: Agriculture as the base of development, structure of agrarian systems in developing countries, agricultural transformation, requirements for agricultural and rural development.

      2. Urbanization and Development: relationship between urbanization and economic development, requisites of urbanization for economic development.

      3. Trade and Development: Primary export as an engine of growth, barriers to primary export led growth, export promotion activities, import substitution industrialization, outward looking development.

      4. Foreign Aid, Investment and Development: Types of aid, resource transfers to developing countries, foreign direct and indirect investment, and role of foreign direct investment in developing countries.

      5. Sustainable Development: MDG and SDG as development strategies, their goals and attainments, necessity for economic development.

      6. Development Institutions: World Bank and IMF- their evolution, functions, role and attainments, regional development banks.

      Books Recommended

      1. M.P. Todaro and S.C. Smith. (2003). Economic Development.8th Edition. Addition-Wesley.

      2. D. Perkins, (2001). Economics of Development. 5th edition. W.W. Norton.

      3. G. Meier, and J.Rauch, (2000). Leading Issues in Economic Development. 7th Edition, Oxford University Press.

    Semester-8

    •  ECO 408 – Undergraduate Thesis

      Course Code: ECO 408 

      Course Name: Undergraduate Thesis

      The research on undergraduate thesis, carrying 6 credits, will be done under the supervision of a teacher of this department and should begin and be finished within the 8th semester and submitted by the end of this semester. The thesis should have around 100 pages and have the format of a small dissertation.

    • ECO 407 – Regional Economics

      Course Code: ECO 407

      Course Name: Regional Economics

      1. Definition and meaning of regional economics: The basic notion of regional economics, three foundation stones, the nature of regional economic problems.

      2. Individual location decisions: Levels of analysis and location units, objectives and procedure for location choice, location factors.

      3. Regions: The nature of a region, functional regions, relation of activities within a region, regional specialization.

      4. Location of people: A look at some differential, the supply of labour at a location, the demand for labour at a location.

      5. Development of regions: Causes of regional growth, the role of demand, and the role of supply.

      6. Regional objectives and policies: The growing concern with regional development, basic issues of regional development strategy, the role of growth centres.

      Books Recommended

      1. E. Hoover, Malone and F. Giarratani (1984). An Introduction to Regional Economics, Knopf, New York.

      2. Robert J. Stimson, Roger R. Stough and Brian H. Roberts. (2006). Regional Economic Development: Analysis and Planning Strategy. 2nd Ed, Springer, New York.

    ECO 409
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