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Econ 1101
Microeconomics I
3  Credit
Econ 1101       Microeconomics I Core                Contact Hour 3     Credit 3   Section A   Introduction: Definition, nature and scope of economics; Microeconomics versus macroeconomics; Positive versus normative economics; Economic versus free good; Concept of – scarcity, choice, commodity and wealth; Basic economic activities – production, distribution, exchange, consumption; Economic system and its types – capitalistic, socialistic, mixed; Solution of basic economic problems under different economic systems; Circular flow of income; PPC / PPF. Demand and Supply: Concept of demand and supply; Law of demand and supply; Determinants of demand and supply; Demand and supply functions, equations, schedules and curves; Movement along and shifting of demand and supply curves; Various concepts of elasticity; Price, income, cross and supply elasticity; Determination of EP; Different values of EP; Measurement of ES and its value. Market Equilibrium: Derivation of market demand curve and market supply curve; Concept of market equilibrium in equation and graph; Shift of equilibrium; Consumers’ and producers’ surplus. Theory of Consumer Behaviour: Concept of – utility, total and marginal utility; Cardinal versus ordinal measurement of utility; Law of diminishing marginal utility; Marshallian utility analysis; Paradox of value; Indifference curve analysis; Budget constraint; Consumers’ equilibrium; Change in consumers’ equilibrium due to change in income and prices; PCC and ICC; Income, substitution and price effect for normal, inferior and Giffen goods.   Section B   Theory of Production: Concept of production; Factors of production; Short-run and long-run production functions; Total, average and marginal product; Law of variable proportion; Law of diminishing return; Returns to scale; Stages of production; Iso-quant curve, Iso-cost line; Producers’ equilibrium; Change in producers’ equilibrium due to change in expenditure; Expansion path; Ridge line; Constrained output maximization and constrained cost minimization. Theory of Cost and Revenue: Concept of cost; Short-run and long-run cost; Fixed and variable cost; Total, average and marginal cost; Shape of and inter-relationship between different types of cost curves; Inter-relationship between short-run and long-run cost curves; Envelope curve; Concept of – total, average and marginal revenue; Shape of and inter-relationship between different types of revenue under different market structure. Market Structure: Definition; Classification of market on the basis of time, location and degree of competition; Characteristics of perfectly competitive and monopoly markets; Concept of firm and industry; Concept of normal and super-normal profit; Conditions of profit maximization; Determination of short-run and long-run equilibrium of firm and industry under perfectly competitive and monopoly markets; Perfect competition versus monopoly; Concept of optimum production and optimum plant. Microeconomics in Practice: Exercise with field-level / hypothetical data on demand, supply, production and cost; Orientation to prevailing market structure of various products in surroundings.   List of References:   Ahuja, H.L. (2003). Advanced Economic Theory - Microeconomic Analysis, 13th edition, S. Chand and Co. Ltd., New Delhi. Dewett, K.K. (2005). Modern Economic Theory, 21st revised edition, S. Chand & Co. Ltd., New Delhi. Gould, J.P. and Lazear, E.P. (1993). Micro Economic Theory, 6th edition, Richard D. IRWIN Inc., Illinois. Koutsoyiannis, A. (1979). Modern Microeconomics, 2nd edition, Macmillan Press Ltd., London. Nobbs, J. and Hopkins, I. (1995). Economics - A Core Text, 4th edition, McGraw International (UK) Ltd., London. Pindyck, R.S. and Rubinfeld, D.L. (2008). Micro Economics, 7th edition, Prentice-Hall Inc., New Delhi. Ruffin, R.J. and Gregory, P.R. (1990). Principles of Economics, 4th edition, Scott, Foreman and Company, Illinois. Salvatore, D. (2011). Theory and Problems of Microeconomic Theory, 4th edition, McGraw-Hill Inc., New York. Samuelson, P.A. and Nordhaus, W. (2005). Economics, 18th edition, Tata McGraw-Hill, New Delhi. Stiglitz, J.E. (2006). Principles of Micro Economics, 4th edition, W.W. Norton & Company Ltd., London. Varian, H.R. (2009). Intermediate Microeconomics: A Modern Approach, 8th edition, W.W. Norton and Company, New York.
Econ 1103
Mathematics for Economists I
3  Credit
Econ 1103       Mathematics for Economists I Core                Contact Hour 3          Credit 3   Section A   Introduction: Mathematical versus non-mathematical economics; Concepts of constant and parameter; Variable – endogenous, exogenous, continuous, discontinuous. Basic Algebra: Number system; Properties of real number; Properties of zero and one; Rules of sign; Addition, subtraction, multiplication and division of signed number; Order of operation; Addition and subtraction of fractions; Rules of exponents. Set Theory: Definition; Types of set – equal set, subset, disjoint set, finite set, infinite set, universal set; Union, intersection and complement of set; Laws of set operation. Equation, Function and Relation: Ordered pair; Ordered set; Function; Relation; Equation; Relation versus function; Types of function and equation – constant, linear, quadratic, cubic, rational, algebraic, non-algebraic, exponential, logarithmic, polynomial; Use of equation and function in economics – demand, supply, cost, investment, national income, production, income, savings, tax and equilibrium equation. Solution of Equation: Elimination and substitution method; Factoring; Solution of quadratic equation; Solution of equations in economics. Graph: Graph of constant, linear, quadratic and cubic equation; Graph of inequality function; Graph of logarithmic and exponential function; Use of graph in economics.   Section B   Elementary Geometry: Co-ordinate geometry; Distance between two points; Equation of a straight line passing through two points; Equation of two axis and their parallel lines; Condition for two straight lines to be parallel to each other and perpendicular on each other. Differentiation: Geometrical explanation of differentiation; Rules of differentiation; Successive differentiation; Partial differentiation. Application of Differentiation: Marginal utility; Marginal cost; Marginal revenue; Marginal profit; Marginal productivity; Profit maximization; Marginal propensity to consume; Marginal propensity to save. Constrained Optimization: Utility maximization subject to budget constraint; Budget minimization for a given level of utility; Output maximization for a given level of cost; Cost minimization for a given level of output. Matrix Algebra: Definition and types of matrices – square, identity, null, singular, non-singular, transpose, idempotent, inverse; Matrix addition, subtraction, multiplication; Cramer’s rule of matrix solution.   List of References:   Allen, R.G.D. (1997). Mathematical Analysis for Economists, AITBS, Delhi. Chiang, A.C. (1984). Fundamental Methods of Mathematical Economics, 3rd edition, McGraw-Hill Inc., Singapore. Dowling, E.T. (1993). Theory and Problems of Mathematical Methods for Business and Economics, McGraw-Hill Inc., New York. Dowling, E.T. (2001). Introduction to Mathematical Economics, 3rd edition, Schaum's Outline Series; McGraw-Hill Inc., New York. Prichett, G.D. and Saber, J.C. (2006). Mathematics with Application in Management and Economics, 7th edition, IRWIN, Boston.
Econ 1104
Sessional on Mathematics for Economists I
2  Credit
Econ 1104       Sessional on Mathematics for Economists I Core                Contact Hour 4          Credit 2   This sessional course will be primarily based on Course No. Econ 1103: Mathematics for Economists I. Apart from other aspects, the course will cover exercise on the followings:   Application of Variable in Economics: Price; Quantity; Cost; Revenue; Profit; Consumption; Income; Savings. Use of Equation in Economics: Demand, supply, cost, investment, national income, production, income, savings, tax and equilibrium equation. Geometry and Economics: Use of geometry in economic analysis. Differentiation and Economics: Concavity; Convexity; Maximization; Minimization. Marginal Analysis: Marginal analysis of – cost, revenue, profit and productivity.   List of References:   Allen, R.G.D. (1997). Mathematical Analysis for Economists, AITBS, Delhi. Chiang, A.C. (1984). Fundamental Methods of Mathematical Economics, 3rd edition, McGraw-Hill Inc., Singapore. Dowling, E.T. (1993). Theory and Problems of Mathematical Methods for Business and Economics, McGraw-Hill Inc., New York. Dowling, E.T. (2001). Introduction to Mathematical Economics, 3rd edition, Schaum's Outline Series; McGraw Hill-Inc., New York. Prichett, G.D. and Saber, J.C. (2006). Mathematics with Application in Management and Economics, 7th edition, IRWIN, Boston.
Econ 1105
Bangladesh Economy I
3  Credit
Econ 1105       Bangladesh Economy I Core                Contact Hour 3          Credit 3   Section A   Introduction: Overview of Bangladesh economy; Sectors of Bangladesh economy; Growth of GDP, GNP and NNP; Savings and investment. Agricultural Sector of Bangladesh: Growth; Farm size and tenancy structure; Landlessness and impact on production; Employment and income; Pricing and marketing of agro-products; Subsidy policy; Problems of agricultural development; Structural development; Seed, fertilizer and irrigation technology; Comparative analysis of agricultural and industrial sector of Bangladesh. Industrial Sector of Bangladesh: Industrial background and growth; Structure of industrial sector and thrust sub-sectors; Labor force and employment; Role of public and private sectors in industrial development; Capital supply; Industrial policy; FDI; Decentralization. Banking in Bangladesh: Bangladesh bank; Commercial banks; Role in deposit mobilization; Long, medium and short term loans; Problems of banking.   Section B   Transport and Communication: Status of transportation in Bangladesh; Road transport; Railway; Air transport; Water transport; Present status of communication in Bangladesh; Telephone, telegraph, post office. Energy: Sources; Demand and supply; System loss; Role of PDB, DESA and REB; Rural electrification; Transmission and distribution; Role in economic development. Natural Resources of Bangladesh: Availability, use and importance of oil, gas, coal, peat and limestone resources; Forest resources – types, sources, availability and importance of forest resources; Role in economic development; Constraints of development; Fisheries sector – sources, availability and importance; Govt. law in preservation of fish resources. Education: Education system; Education policy; Educational institutions – mass primary, secondary, higher secondary, madrasha, college, technical, medical, agricultural and engineering institutions, university; Role in skill development; Govt. and NGO activities; Non-formal primary education program; Constraints in accessibility; Education versus overall economic development. Women Development: Status of women; Constraints of women development; Concept and dimension of empowerment; Women empowerment and pro-poor growth; Challenges of women empowerment; Initiatives for women empowerment.   List of References:   Hossain, M. (1988). Green Revolution in Bangladesh – Problems, policies and prospects, The University Press Limited, Dhaka. Khan, M.S.K. and Khanam, D. (2011). Bangladesh Studies, 2nd edition, Chaity Chayon Prokashoni, Dhaka. Malabre Jr., A.L. (1998). Understanding the New Economy, IRWIN, Illinois. Rahman, H.Z. and Hossain, M. (1995). Rethinking Rural Poverty – Bangladesh as a Case Study, The University Press Limited, Dhaka. Schiller, B.R. (1989). The Economy Today, 4th edition, Random House Inc., New York.
Soc 1151
Government and Politics
3  Credit
Soc 1151         Government and Politics Core              Contact Hour 3             Credit 3   Section A   Introducing Government and Politics: Definition, nature and scope of political science; Government and state; Welfare state; Relationship between political science and economics. Basic Concepts of Political Science: Political culture; Political belief; Political modernization; Political development; Political ideology; Political revolution; Political integration and constitution – UK and USA. State: Theories of state development; Functions of state; State and family; State and property; State and law; State and religion; State and education. Forms and Organs of Government: Democracy; Dictatorship; Unitary; Federal; Parliamentary and presidential forms of government.   Section B   Political Economies: Conservatism; Liberalism; Utilitarianism; Totalitarianism; Socialism; Capitalism; Communism. Public Administration: Administrative structure and processes; Administrative behavior; Comparison between public and private administration; Role of public administration in economic activities; Role of the bureaucracy and the courts in policy implementation and interpretation in Bangladesh. Civil Rights and Civil Liberties: Ideas of rights; Positive and negative rights; Human dignity; Human rights and fundamental rights; Equity and equality; Freedom and obedience; Development of civil liberties and civil rights by judicial interpretation; Knowledge of substantive rights and liberties. Political System of Bangladesh: National assembly of Bangladesh; Political parties; Cabinet; Civil service and local government; Legislature, executive and judiciary; Political and military elites in Bangladesh; Constitution of Bangladesh; Problems and prospects of institutionalization of democracy in Bangladesh.   List of References:   Bhuiyan, M.A.W. (1999). Adhunik Rastrobiggan (Bangla), 15th edition, Globe Library (P) Ltd., Dhaka. Garner, J.W. (1989). Political Science and Government, IRWIN Inc., Illinois. Islam, S.S. (1999). Snatok Rastrobiggan (Bangla), 7th edition, Hasan Book House, Dhaka. Jahan, R. (1980). Bangladesh Politics: Problems and Issues, The University Press Limited, Dhaka. Kapur, A.C. (1999). Principles of Political Science, 20th edition, S. Chand and Company Limited, India. Khan, S.I., Islam, S.A. and Haque, M.I. (2008). Political Culture, Political Parties and the Democratic Transition in Bangladesh, The University Press Limited, Dhaka. White, L.D. (1992). Introduction to the Study of Public Administration, Allen and Unwin, Australia.
CSE 1152
Computer Application Lab.
1.5  Credit
CSE 1152        Computer Application Lab. Core                Contact Hour 3          Credit 1.5 Introduction to Computer: Basic terms and concepts; Hardware, software and their applications. Operating System Fundamentals: DOS and Windows. Word Processing: Application and practice of MS Word Systems.
Eng 1153
English
3  Credit
Eng 1153         English Core                Contact Hour 3          Credit 3   Section A   Vocabulary: Study of words; Articles; Tenses; Phrases; Clauses; Analyses of sentences; Completing and combining sentences; Phrasal verbs; Prepositions and prepositional phrases; Using dictionary; Strategies of developing vocabulary; Use of prefix and suffix; Synonyms and antonyms; Framing sentences with given vocabulary items; Use of group verbs and phrases; Use of modals; Changing words forms and using them in sentences. Construction of Sentences: Simple sentence and its basic structures; Complex sentence and its structure; Compound sentence and its structure; Transformation of sentence; Making sentence with notions and functions. Understanding different Purposes and Types of Readings: Guessing word –meaning in context; Understanding long sentences; Recognizing main ideas and supporting ideas; Answering comprehension questions; Writing summaries. Listening Skills: Guidelines for improving listening skill; Speaking-listener rapport. Speaking Skills: Pronunciation; Stress; Intonation; Art of conversation; Public speaking; Pair discussion; Group discussion.   Section B   Reading Comprehension Situational Writing: Posters; Notice; Memos; Advertisements. Newspaper Writing: Reports; Press releases. Writing Resumes Writing Letters: Formal and informal letters; Letters to the editor; Request letters; Job applications; Complaint letters. Dialogue Writing Composition: Paragraph; Essay; Story; Precise; Writing assignment. Presentation Official Correspondence   List of References:   Carver, T.K. and Fotinos, S.D. (2006). A Conversation, Book 1: English in Everyday Life, 4th edition, Pearson Longman, New York. Carver, T.K., Fotinos, S.D. and Olson, C.K. (1998). A Writing Book: English in Everyday Life, White Plains, Prentice Hall Regents, New York. Hornby, A.S. (2010). Oxford Advanced Learners Dictionary, 8th edition, Oxford University Press, Northampton shire. Jordan, R.R. (1999). Academic Writing Course: Study Skills in English, 3rd edition, Longman, Harlow, U.K. Langhan, J. (2005). College Writing Skills, 6th edition, McGraw-Hill, New York. Sadaruddin, A. (2010). Learning English the Easy Way, Friends' Book Corner, Bangladesh. Swan, M. (2005). Practical English Usage, 3rd edition, Oxford University Press, Northampton shire.
Econ 1201
Macroeconomics I
3  Credit
Econ 1201       Macroeconomics I Core                Contact Hour 3          Credit 3 Section A   Introduction: Definition; Basic macroeconomic concepts – GNP, GDP, NNP, NI, PI, DI; Interrelationship among the above concepts; Nominal or money GNP and Real GNP; Growth of GNP; GNP as an indicator of economic welfare; Potential or trend GNP and actual GNP; GNP gap; Fluctuation in GNP; Business cycle; Stabilization policy; Fiscal policy and monetary policy; Inflation; Unemployment. National Income Accounting: Concept of – final good and intermediate good, injection into the economy and withdrawal from the economy, government expenditure, tax and transfer payment; Methods of measuring national income – product, income, expenditure method and value added approach; Problem of double counting; Problems of national income accounting; Importance of national income accounting; Concept of circular flow of income and expenditure in two, three and four sector economy. Consumption and Savings: Consumption expenditure and savings; Consumption and savings function; Concepts of – MPC, MPS, APC, APS and inter-relationship among them; Short-run and long-run consumption function; Capital and Investment: Concept of capital and investment; Investment function; Gross and net investment; Induced and autonomous investment; Business fixed investment; Residential investment; Changes in inventories; Concepts of MEC and MEI; Investment decision; Concept of IRR and NPV.         Section B   Classical Income Determination Model: Say’s Law; Pigou’s wage-price flexibility theory; Quantity theory of money – Fisher’s and Cambridge versions; Output and employment determination in classical theory; Effect of changes in demand for and supply of labour on equilibrium output and employment in the classical theory; Keynesian criticism. Keynesian Model of Income Determination: National income determination model for two, three and four sector economy; Concept of multiplier – investment multiplier, govt. expenditure multiplier, tax multiplier, transfer payment multiplier, foreign trade multiplier. Inflation: Concept of inflation; Measurement of inflation – CPI, PPI, GNP deflator; Types and causes of inflation – cost-push, demand-pull, mixed, stagflation; Cost of inflation; Remedies for inflation; Inflationary and deflationary gap; Measurement and policies to reduce gaps. Unemployment: Concept of – full-employment, unemployment and natural rate of unemployment; Measurement of unemployment; Types of unemployment – voluntary, involuntary, cyclical, seasonal, frictional, structural and disguised; Socioeconomic cost of unemployment; Remedies to and policies to tackle unemployment.   List of References:   Branson, W. H. (1979). Macro Economic Theory and Policy, 2nd edition, AITBS, Delhi. Dewett, K.K. (2005). Modern Economic Theory, 21st revised edition, S. Chand & Co. Ltd., New Delhi. Diulio, E.A. (1990). Theory and Problems of Macro Economic Theory, 2nd edition, McGraw-Hill Inc., New York. Dornbusch, R., Fischer, S. and Stratz, R. (1998). Macro Economics, 7th edition, McGraw-Hill Inc., Illinois. Lipsey, R.G., Steiner, P.O., Purvis, D.D. and Courant, P.N. (1990). Macroeconomics, 9th edition, Harper Collin Publications, Illinois. Nobbs, J. and Hopkins, I. (1995). Economics - A Core Text, 4th edition, McGraw International (UK) Ltd., London. Ruffin, R.J. and Gregory, P.R. (1990). Principles of Economics, 4th edition, Scott, Foreman and Company, Illinois. Samuelson, P.A. and Nordhaus, W. (2005). Economics, 18th edition, Tata McGraw-Hill, New Delhi. Shapiro, E. (1999). Macro Economic Analysis, 5th edition, Galgotia Publications (P.) Ltd., New Delhi. Steiner, P.O. and Lipsey, R.G. (1993). Economics, Harper Collins College Publications, New York.
Econ 1203
Statistics for Economists I
3  Credit
Econ 1203       Statistics for Economists I Core                Contact Hour 3          Credit 3   Section A   Introduction: Statistics; Inductive and descriptive statistics; Population and sample; Variables: discrete and continuous; Functions; Equations; Graphs; Inequalities; Rounding of data; Notation – scientific, subscript, superscript, summation. Frequency Distribution: Raw data; Arrays; Frequency distribution; Class intervals and class limits; Class boundaries; General rules for forming frequency distribution; Histograms; Frequency polygons; Cumulative and relative frequency distributions; Ogive; Application in Economics. Measures of Central Tendency: Arithmetic mean; Weighted arithmetic mean; Median; Mode; Empirical relation between mean, median and mode; Geometric mean; Harmonic mean; Relation between arithmetic, geometric and harmonic means; Quartiles; Deciles; Percentiles; Application in Economics. Measures of Dispersion: Dispersion or variation; Range; Mean deviation; Semi-interquartile range; Standard deviation; Charlier’s check; Sheppard’s correction for Variance; Coefficient of variation; Standardized variable; Application in Economics.   Section B   Moments, Skewness and Kurtosis: Moments; Moments for grouped and ungrouped data; Relation between moments; Moments in dimensionless form; Population moments; Skewness; Kurtosis; Application in Economics. Correlation: Linear correlation; Measures of correlation; Coefficient of correlation; Rank correlation; Meaning and nature of multiple and partial correlation; Relationship between multiple and partial correlation; Application in Economics. Index Number: Application of index numbers; Price relatives; Quantity or volume relatives; Value relatives; Link and chain relatives; Problems involved in computation of index numbers; Use and importance of index numbers; Laspeyres’ Index; Paasche’s Index; Fisher’s ideal index; Marshall- Edgeworth index; Cost of living index.   List of References:   Bowen, E.K. and Starn, M.K. (1982). Basic Statistics for Business and Economics, McGraw-Hill Inc., New York. Gupta, S.P. and Gupta, M.P. (2006). Business Statistics, 14th edition, Sultan Chand & Sons, New Delhi. Gupta, S.P. and Kapoor, V.K. (1999). Fundamentals of Mathematical Statistics, 9th edition, Sultan Chand and Sons, New Delhi. Mustofa, M.G. (1989). Methods of Statistics, 4th edition, Karim Press and Publications, Dhaka. Spigel, M.R. (1992). Theory and Problems of Statistics, 2nd edition, McGraw-Hill Inc., New York.
Econ 1204
Sessional on Statistics for Economists I
2  Credit
Econ 1204       Sessional on Statistics for Economists I Core                Contact Hour 4          Credit 2   This sessional will be primarily based on Course No. Econ 1203: Statistics for Economists I. Apart from other aspects, the course will cover exercises on the following: Collection and Tabulation of Data: Preparation of questionnaire; Primary data; Secondary data. Application of Statistical Data in Economics: Application of cross section data and time series data with respect to economic variables. Central Tendency and Economics: Estimating various measures of central tendency and its relation with economics. Dispersion and Economics: Various measures of dispersion; Coefficient of variation and its applicability in economics. Correlation and Economics: Relationship between economic variables; Impact of correlation coefficient on economic variables. Index Number and Economics: Various index numbers; Inflation; Share market.   List of References:   Bowen, E.K. and Starn, M.K. (1982). Basic Statistics for Business and Economics, McGraw-Hill Inc., New York. Gupta, S.P. and Gupta, M.P. (2006). Business Statistics, 14th edition, Sultan Chand & Sons, New Delhi. Gupta, S.P. and Kapoor, V.K. (1999). Fundamentals of Mathematical Statistics, 9th edition, Sultan Chand and Sons, New Delhi. Mustofa, M.G. (1989). Methods of Statistics, 4th edition, Karim Press and Publications, Dhaka. Spigel, M.R. (1992). Theory and Problems of Statistics, 2nd edition, McGraw-Hill Inc., New York.
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