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Faculty of Social
Science
Department of Economics
Bachelor of Social Science in Economics
The
primary objective of the Bachelor program in economics
is to develop economists who can meet the demand of the
private sector, the not-for-profit sector, and
government for competent personnel who are well trained
in the tools of economic analysis and measurement. The
program stresses a strong foundation in standard
economic theory, econometric methods, and their
application to current problems faced by businesses, the
not-for-profit sector, and government agencies.
Admission Requirements:
Every
applicant, without any exception, must fulfill the
admission requirements as laid down by IBAIS University.
Admission test and interview for admission into the
first trimester will be held three times a year. No
interim or supplementary admission test or interview
will be arranged.
A higher
secondary certificates or its equivalent in Science,
Arts, Commerce or other fields of study is the basic
educational requirement. Minimum five subjects in
O-level and two subjects in A-level education are
required. Minimum qualifying GPA to be eligible to apply
is 2.5 individually in SSC/ ‘O’ level and HSC/ ‘A’ level
examinations. The students who have completed SSC and
HSC under division system will have to have minimum 2nd
division in both SSC and HSC.
For all
foreign certificates, the University as per rules of
Bangladesh Government will determine equivalence.
Degree Requirements:
The
BA degree requirements will be as follows:
(a)
Completion of 120 credit hours courses
(b)
Completion of the dissertation with at least a ‘C+’
grade (6.0 credit hours)
(c)
Passing of all courses individually and maintaining a
minimum CGPA of C+ (2.5)
Duration:
A
student under normal work load will have 12 credit hours
per trimester for undergraduate programs. Four years
will be required for completion of a Bachelor degree.
Twelve Trimester Course
Sequence
Freshman Year (First Year)
1st Trimester
Course Code Course Title
Credit
Hours
ENG
101 Freshman English-I
3.0
MAT
102 Mathematics for Economics
3.0
ECO
103 Introductory Micro-Economics
3.0
CSE
111 Computer
Fundamentals & Programming Techniques
3.0
CSE
112 Computer
Fundamentals & Programming Techniques Lab
1.5
2nd
Trimester
Course Code Course
Title Credit
Hours
SOC
104 Introduction to Social Science
3.0
ECO
105 Introductory Macroeconomics
3.0
ENG
106 Freshman English-II
3.0
STA
220 Basic
Statistics
3.0
3rd
Trimester
Course Code Course Title
Credit Hours
ILB 109 Politics &
Government
3.0
CSE 121 Structured
Programming Language 3.0
CSE 122 Structured
Programming Language Lab 1.5
STA 321 Business
Statistics for Decision Making
3.0
Sophomore Year (Second Year)
4th
Trimester
Course Code Course
Title Credit
Hours
BUS 105 Introduction to
Business
3.0
HIST 114 Bangladesh
Studies
3.0
ECO 201 Intermediate
Microeconomics
3.0
ECO 202 Business Finance &
Economics
3.0
5th
Trimester
Course Code Course Title
Credit
Hours
ACT 110 Principles of
Accounting
3.0
ECO 203 Intermediate
Macroeconomics
3.0
ECO 204 Agriculture & Rural
Economics
3.0
CSIT 313 E-Business
3.0
6th
Trimester
Course Code Course
Title Credit
Hours
ECO 205 Introduction to
Econometrics
3.0
ECO 206 Development
Economics
3.0
ECO 207 Public Sector
Economics
3.0
CSE 221 Database
Management Systems
3.0
Junior Year (Third Year)
7th Trimester
Course Code Course Title
Credit
Hours
ECO
302 Applied Economics & Public Policy
3.0
ECO
303 International Trade & Finance
3.0
ECO
304 Money and Finance
3.0
8th
Trimester
Course Code Course Title
Credit
Hours
ECO 305 Economics of
Law
3.0
ECO 306 History of Economic
Thought
3.0
ECO 307 Advanced
Econometrics
3.0
9th
Trimester
Course Code Course Title
Credit
Hours
ECO 308 Labour
Economics
3.0
ECO 309 Urban
Economics
3.0
ECO 327 Socio-Economic
Study of Bangladesh
3.0
Senior Year (Fourth Year)
10th
Trimester
Course Code Course Title
Credit
Hours
ECO 401 International
Economics
3.0
ECO 402 Environmental &
Natural Resource Economics
3.0
ECO 403 Population & Health
Economics
3.0
11th
Trimester
Course Code Course Title
Credit
Hours
ECO 404 Economic Modelling
& Forecasting
3.0
ECO 405 Transport
Economics
3.0
ECO 406 Financial
Institution & Capital Market
3.0
12th
Trimester
Course Code Course Title
Credit
Hours
ECO 407 Industrial
Economics
3.0
ECO 450 Dissertation
6.0
Syllabus
ENG 101 Freshman English-I
The
course aims at developing proficiency in speaking,
listening, reading, and writing of English. It is
generalized as a remedial course for students who need
considerable repair in English and as a foundation
courses for ENG 105. The contents include parts of
speech, countable and uncountable nouns, articles,
agreement between subject and verb, adverbs of
frequency, tense and the sequence of tenses, active and
passive voices, types of sentences, prepositions: time,
place, action, directions, questions forms, multi-word
verbs, capitalization.
ECO
102 Mathematics for Economics
1.
Review of Some BASIC Concepts: Nature of
mathematical economics’ real number system, variables,
equations, graphs, slopes etc.
2.
Theory of Set: Definitions (set, element, finite,
infinite, null unique, equal, equivalence subset,
comparability, disjoint, family, power, universal) Venn
diagram, representation of sets, basic operations
(union, difference, intersection). De Margan’s law,
idempotent law, identity law, partition numbers and
elements of sets etc)
3.
Elementary Static Analysis in Economics: Meaning of
equilibrium, equilibrium in partial market, general
market and national income analysis.
4.
Functions: Some basic definitions and types,
homogeneous function, inverse function, logarithmic and
exponential function.
5.
Limit and Continuity: Definitions, limit theorems.
6.
Elementary Differential Calculus: Derivative, slope
of a curvilinear function, differentiation, higher order
derivatives, concavity, convexity, curve sketching,
inflection point, partial derivative total differential,
partial differential, total derivative implicit and
inverse function rule, differentiation of logarithmic
and exponential function.
7.
Expansion of function: Maclaurin and Taylor series.
8.
Optimization: Optimum values and extremum values,
relative extrema, 1st & 2nd derivative test N-th
derivative test. Optimization of multivariable function
the differential version, quadratic forms, optimization
with equality constraints the Lagrange multiplier.
9.
Elementary Linear Algebra: Matrices and vectors
matrix operations, identity matrix, null matrix,
transposes, determinants, nonsingularity, minors
cofactors, adjoint matrix, inverse matrix, Cramer’s rule
Jacobian, Hessian.
10.
Economic Dynamics and Integral Calculus: Dynamics
and integration, rules of integration indefinite and
definite integral, integration by substitution and by
parts area under a curve improper integral, some
economic applications of integral, Domar growth model.
11.
Continuous Time: First Order Differential Equation
First order linear differential equations dynamics of
market price, exact differential equation. So low growth
model.
12. Discrete Time: First
Order Difference Equations: Discrete time, differce,
difference equations, solving a first order difference
equation, the dynamic stability of equilibrium, the
Cobweb model.
ECO 103 Introductory
Microeconomics
The course introduces the
concept, basic kinds of economic systems, graphs in
economics, the economics of the firms, demand, supply,
market equilibrium, elasticity, utility and demand,
output and costs, markets and revenue, government role
in the economy and explains the positive theory of
government.
CSE 111 Computer Fundamentals &
Programming Techniques
Introduction to digital
computers. Programming languages, algorithms and flow
charts. C programming: variables, constants, operators,
expressions, control statements, functions, arrays,
pointers, structure, unions, user defined variables,
input-output and files. C++ Programming:
introduction to object oriented programming, classes and
objects, functions and operator overloading and
inheritance.
CSE 112 Computer Fundamentals &
Programming Techniques Lab
This
course consists of two parts. In the first part,
students will perform experiments to verify practically
the theories and concepts learned in CSIT 111. In the
second part, students will learn program design.
SOC 104 Introduction to Social
Science
Scope and nature of sociology,
society, social evolution and techniques of production,
industrial revolution, political system, social control,
society and population, standard of living, nature of
social change, urbanization and industrialization in
Bangladesh, urban ecology, society and environment and
tribal people of Bangladesh.
ECO 105 Introductory
Macro-Economics
The
course deals with introduction to macroeconomic
concepts, macroeconomic transactions, macroeconomic
markets, GNP, unemployment, aggregate demand, aggregate
supply, inflation, fiscal policy or business cycles,
foreign debt, the balance of payment, exchange rates,
interest rates, macro economic equilibrium, the banking
system, central bank, government budget deficit,
concepts and measurement of macroeconomic aggregates,
theory of income determination, the world economy,
global and regional interdependence, economic problems
of developing countries.
ENG 106 Freshman English-II
Prerequisite ENG 101. This course provides a study
on the skills in English i.e. reading, writing,
listening and speaking. The course emphasizes the
practice of pronunciation, speed-reading, and effective
writing and listening. The course content also includes
the grammar parts - revision of tenses, use of idioms,
prepositions, modals, conditional sentence, use of
linking words, use of suffixes and prefixes, synonyms
and antonyms, words with multi names. Reading parts
include the skills in skimming, scanning, selecting
information. Writing parts include planning, outlining,
organizing ideas, topic sentences, paragraph writing,
essay writing, job applications, writing reports,
writing research report.
STA 220 Basic Statistics
The
course provides an understanding of the concept,
history, subdivision, features, grouping and displaying
data to convey meaning, measures of central tendency and
dispersion in frequency distribution, moment, skewness
and kurtosis, time series and forecasting, measure of
dispersion e.g. range, standard deviation and inter
quartile deviation, multiple regression and modeling,
index number, quality and quality control, chi square
and analysis of variance, decision theory, network
analysis, non parametric methods
ILB 109 Politics & Government
Nature,
Scope and Methods of Political Science – Political
Science and other social sciences – state and
government; state and society/theories about the origin
of the state – theories about the functions of the state
– the concept of power, various manifestations of power:
Constitution – law, liberty and equality nationalism and
internationalism.
Forms of
government: traditional and modern classification of
governments: democracy and dictatorship; parliamentary
and presidential; unitary and federal; constitutional
government. Organs of government: legislature, executive
and judiciary – the theory of separation of powers –
Electorate and public opinion – Political party – civil
and military bureaucracy – pressure groups/interest
groups – Elitism.
CSE 121 Structured Programming
Language
PREREQUISITE: CSIT 111. Overview, Structure of C
program, Data Types and Data Type Qualifier, I/O
Functions-Character I/O, Formatted I/O, Character Set,
Identifiers, Keywords and Contents, Variables,
Expressions, Statement and Symbolic Constants,
Arithmetic operators, Relational Operators and Logical
Operators, Assignment Operators, Increment/Decrement
Operators, Unary Operator and Conditional Operator.
Bit-wise Operators, Comma Operator, Precedence and
Associatively, Branching: The IF statement (break and
continue statement), Branching: SWITCH statement, GOTO
statement and operator, Looping: FOR statement (break
and continue), Looping: WHILE and DO WHILE statement,
Storage class: Automatic, Static, Register and Extern,
Functions: Access, Prototype, Argument Passing and Value
Receiving, Functions: Pass-by-value, Pass-by-reference
and Value Receiving, Functions: Command Line Parameter
and Library Functions, Arrays: Initialization, Access,
Passing and Receiving , Arrays: 2D handling, Arrays:
Sorting and Searching , String Handling , Structure:
Initialization, Access, Passing and Receiving,
Structure: Embedded Structure, Union and Bit-fields,
File: Types of File, Text File Handling, File: Binary
File Handling , File: Data File Management Program,
Pointer: Concept, Passing and Receiving, Memory
Allocation and Release, Pointer: List or Tree Management
by Self-Referential Structure, Pointer: Pointer and
Multi-Dimensional Arrays, Enumeration, Macros,
Pre-Processor and Compiler , Directives, Library,
Compiler and Linker, Segment and Memory Model, Video
Adapter, Modes and Graphics Initialization, Graphics
Functions.
CSE 122 Structured Programming
Language Lab
This
course consists of two parts. In the first part,
students will perform experiments to verify practically
the theories and concepts learned in CSIT 122. In the
second part, students will learn program design.
STA 321 Business Statistics for
Decision Making
The course is designed to equip the
student with statistical tools and concept to be used in
the decision making process. The topics of the course
include probability distribution and their application
in the management decision process, random variable,
discrete probability distributions, continuous
probability distribution, sampling and sampling
distribution, testing hypothesis, regression,
correlation and introduction to parametric statistics,
survey methods, and sources of business statistics in
Bangladesh.
BUS 105 Introduction to Business
Business Concepts: Meaning of business, Basic
elements of business, Basic Features of business, its
branches and their place in the economy of Bangladesh,
Business environment, Business size, Location of
Business, Efficiency of business enterprises, Social
responsibility of business and its implications.
Management: Significance and Definition, Functions
of Management, Principles of Management, Objectives and
Importance of Management, Levels of Management, Scope of
Management, Managerial Responsibility, Skills,
Managerial Roles, Concepts of Productivity,
Effectiveness and Efficiency.
Business Organization: Forms of Business ownership
in Bangladesh, Relative position of each form of
ownership, Sole Proprietorship, Partnership, Joint-Stock
Company, Co-operatives and state Ownership, Formalities
and distinguishing features of each form of ownership,
Considerations in the choice of specific form of
Ownership.
Marketing: Marketing Defined, Core concepts of
Marketing, Marketing Management Philosophies, Goals
Finance: Definitions, Functions and Classification
of Finance, Business, Finance Functions Goals: Profit
Maximization vs. Wealth Maximization, Financial
Decisions, Investment, Financing and Dividend Decision,
Factors Influencing Financial Decisions.
HIST 114 Bangladesh Studies
Sources
of History, History in Nation Building. Ancient
Geography and trade links with other world, Pala and
Sena Dynasties. Muslim Conquest of Bengal,
Socio-economic and cultural changes – Unification of
Bengal, the Development of Bengali Language and
Literature. The Independent Sultanate in Bengal – Bengal
under the Mughals, The Nawabi Rule in Bengal
(1700-1765). British Colonial Rule and Response,
Introduction of Zamindari System and its decline,
changes of socio-economic condition, Resistance
movements, English education and its impact, Revival of
statehood in Bengal, the Growth of Indian National
Congress, the Creation of New Province of East Bengal
and Assam, Muslim League (1906), Bengal Pact (1923).
Foundation of Awami League, Language Movement of 1952,
United Front and Fall of Muslim League, the Military
Rule of Ayub Khan, Economic Disparity between the two
regions, Cultural suppression of West Pakistan, 6-point
Movement, Mass Upsurge in 1969, Rule of Yahya Khan,
Election of 1970, the War of Independence and the
Emergence of Bangladesh.
ECO 201 Intermediate
Microeconomics
The Theory of Consumer
Choice:
The utility concept. Indifference curve. Budget
constraint. Maximization of consumer satisfaction:
consumer’s equilibrium. Price consumption curve and
demand curves. Income consumption curve and Engel
curves. Income effect and substitution effect. Slutsky’s
equation. The theory of revealed preference.
The Theory of Production:
The production function. Stages of production
technological constraints ISO-cost. ISO quant Producer’s
equilibrium.
Expansion path:
Cost minimization.
Returns to scale and the function. Different types to
cost, cost curves and their interrelationship: Long run
and short run view.
Perfect Competition:
The Supply
decision of a competitive firm: short run and long run
view. Profits and producers surplus. Industry
equilibrium in the short and long run. Short sun and
long run.
Imperfect Competition:
Pricing and
output under monopoly, monopolistic competition,
oligopolgy and duopoly: Different models.
Equilibrium and Welfare:
The concept of
equilibrium: Partial and general equilibrium. Exchange
and production economy.
Welfare Economics:
Social welfare
functions. Welfare maximization. Individualistic social
welfare functions. Fair allocations, Envy and equity.
Externalities and market failures. Introduction to Game
Theory, Input-output system. Linear Programming and Dual
problem.
ECON 202 Business Finance &
Economics
1.
Introduction: (a) What is meant by business/Firm (b)
Types of business: Sole Trader, Partnership, Private and
public limited companies, Holding company, Multinational
companies. (c) Product, business and human life cycle
2.
Sources of Finance For Business: (a) The need for
funds (b) Internal sources of funds: Profit,
Depreciation, amortization and sale of assets. (c)
External long term sources of funds: Share capital
(ordinary shares, the ways in which new shares may be
made available to investors on the stock exchange,
preference shares, deferred shares), Loan capital
(Debentures, Mortgage, Industrial loan specialists;
venture capitalists & business angels, Government
assistance). (d) External short-term sources of funds:
Bank overdraft, Bank loan, Hire purchase, Trade credit
Leasing, Debt factoring, Trade bills. (e) Factors
affecting choice of finance.
3.
Use of Funds: (a) Fixed assets:
Tangible assets, Intangible assets (Goodwill, Patents
copyrights and trademark Research and development, Brand
names), Financial assets (Subsidiary, Associated
company, Holding companies, Asset stripping). (b)
Current assets: Stock Work-in-progress, Debtors,
Cash at bank, Cash in hand, Investment. (c)
Liquidity.
4.
Accounting and Finance: (a) The Profit and
loss account: The nature of profit (Retained,
Distributed to the owners of the company, Used to pay)
How to prepare profit an loss account for Sole traders,
partnerships, limited companies, Interpretations of
various items contained in the accounts. (b) The
balance sheet: Introduction to the balance sheet
(Assets, Liabilities, Capital). Presentation of balance
sheet (Horizontal format & Vertical format). Different
ways to calculate depreciation. How to prepare balance
sheet for Sole traders, partnerships and limited
companies. Interpretations of various items contained in
the accounts. The use of balance sheet, Limitations of
balance sheet. (c) Working capital: What
we meant by working capital, Working capital problems.
The working capital cycle, Management of Working
capital, Resources of liquidity problems, Resolve a
liquidity crisis. (d) Ratio analysis: What
are ratios? Types of rations and their users,
Limitations to ratio analysis. (e) Investment
appraisal: The nature of investment, Types of
investment. Risk in investment, The factors affecting
private sector investment, The factors affecting public
sector investment, Different ways to measure investment
appraisal Payback method, Average rate of return,
Discounted cash flow-alternative calculations, Internal
rate of return, Factors influencing investment
decisions.
5.
Financial Market: (a) Definition of financial market
(b) Rote of financial market (c) Classification of
financial market: Capital market & Money market (d)
Characteristics of Capital market & Money market, (e)
Institutions of Capital market & Money market (f)
Instruments of Capital market & Money market (g) The
division of Capital market: Primary market & Secondary
market (h) The direct and indirect role of stock market
the securities market in Bangladesh-Security exchange
commission Dhaka stock exchange, Investment corporation
of Bangladesh (i) Mutual fund, their issuers and the
role of mutual funds in business (j) Insurance companies
and their role in business (k) Pension fund and their
role in business (l) Issuing house and their role in
business (m) Commercial Bank and their role in business
6.
Globalization: (a) What is Globalization? (b)
Characteristics of globalization (c) Globalization of
financial markets (d) Classification of global financial
market (e) Motivation for using Foreign markets and euro
markets (f) The role of deri8vative instruments (g) TNCs
and impact of TNCs (h) Impact of globalization on
business (i) The various factors that affect
Globalization
7.
Firm objectives and Firm Behavior:(a) Firm
objectives (b) Maximization if goal: Profit
maximization, Sales maximization and Growth
maximization (c) Non maximization of goals (d)
Characteristics or features of PLC’s: The issue of
conflict of interest between the owners and agents.
8.
Small Firms:(a) Definition of small firms (b)
Characteristics of small firms (c) Sources of funds (d)
Uses of funds (e) Goal of the small firms (f) Causes of
Survival of small firms (g) Small firms in Bangladesh
9.
Risk/Return and Asset Pricing Models: (a) Portfolio
(b) The capital asset pricing model (c) Multifactor CAPM
(d) Arbitrage pricing theory model
ACT
110 Principles of Accounting
Accounting generates reports and communicates them to
external decision-makers so that they can evaluate how
well the business achieved its goals. These reports to
external users are called financial statement. Financial
statements report directly on the goals of profitability
and liquidity and are used extensively both inside and
outside a business to evaluate the business success .The
course covers the basic accounting concepts, preparation
of trial balance, final statement, accounting for assets
and liabilities, accounting system and accounting
practices in different type of organization
ECO 203 Intermediate
Macroeconomics
1.
Introduction/Basic Concepts of Macroeconomics: What
is macroeconomics. It’s indicators. Flow and Stocks in
Macroeconomics: Concepts
2.
National Income Accounting: GDP, GNP, Real vs
Nominal variables, deflator, price index
3.
Output Determination: Aggregate Demand, Aggregate
Supply, Determination of Aggregate Supply (Production
Function, Demand for labour and output supply function,
The supply of labour). The Classical approach to AAS,
The Keynesian Approaches to AS, Determination of AS,
Equilibrium of AD and AS
4. Consumption and Saving:
Budget Constraint and Household Decision Making,
Theories of Consumption, Keynesian absolute income
theory of consumption, The Permanent-Income Theory of
Consumption, The Life-Cycle Model of Consumption and
Saving.
5.
Investment: Basic Theory of Investment, Inventory
Accumulation, Empirical Investigations of Investment
expenditures.
6.
Money Demand: What is Money? Brief History of Money,
Theories of Money Demand, Quantity theory of Money
(Hume, Fisher, Marshall, Friedman), Keynesian theory
(Transaction, Precautionary, Speculative), Baumol-Tobin
Model, Empirical Overview
7.
Money Supply: Central Bank and the Money Base and
other related concepts, Money Creation (Commercial
banking; Money Multiplier)
8.
Inflation and Unemployment.
9. IS-LM framework.
10.
Fiscal and Monetary Policy: Relative effectiveness
of monetary and fiscal policy, Arguments of Monetarists
and fiscaliots
ECO 204 Agriculture and
Rural Economics
1.
Origin and dispersion of agriculture.
2.
Nature and characteristics of agriculture.
3.
Structure and characteristics of traditional
agriculture.
4.
Agricultural Contribution to economic development.
5.
Tenancy and efficiency.
6.
Models of dual economics.
7.
Household economic models.
8.
Agricultural supply response.
9. Food
and agricultural policy.
10.
Technological change in agriculture.
11.
Farm size and efficiency.
12.
Land reform.
13.
Rural credit markets.
14.
Interlinked rural markets.
15. Migration and unemployment.
16. Concept and
importance of rural economies. Difference and
interrelationship between agricultural economic and
rural economies.
17. Structural,
one-populism, decision-making models and system
approach.
18. Structural analysis
of agrarian change.
19. State, development activities,
and the rural society.
20. Rural consumption behaviour,
use of rural surplus, rural capital market and rural
investment.
CSE 313 E-Business
The
history of electronic commerce; the telegraph; mail
order; call canters; EDI; web-based businesses. Network
economics: real and virtual networks, supply–side versus
demand–side scale economies, Internet and WWW–value
chains– strategic business and Industry value chains–
Packet switched networks– TCP/IP protocol script–
Internet utility programs– SGML, HTML and XML– web
client and servers– Web client/server architecture–
intranet and extranets.
Web
server– web server software feature sets– web server
software and tools– web protocol– search engines–
intelligent agents–EC software– web hosting– cost
analysis; Computer security classification– copy right
and Intellectual property– electronic commerce threats–
protecting client computers– electronic payment systems–
electronic cash– strategies for marketing– sales and
promotion– cryptography; web based marketing – search
engines and Directory registration– online
advertisements– Portables and info mechanics– website
design issues.
ECO 205 Introduction to
Econometrics
1. Introduction to
Econometrics:
What is econometrics? Importance as a separate
discipline, methodology of econometrics types of
econometrics, understanding econometric modelling, use
of econometrics for social scientists and business
executives, regression as main tool of econometrics two
variable regression model, population regression fun-ion
the significance of the stochastic disturbance term, the
sample regression function, the role of statistical
packages for econometric study.
2. Estimation of Two
Variable Regression Model:
The method of ordinary least squares (OLS), the
properties of the estimates, the basic assumption
underlying the method of OLS.
3. Gauss Markov
Theorem:
Standard error of the estimates estimator of the
variance of the disturbance term the Gauss-Markov
Theorem goodness of fit some illustrative examples of
the wo variable regression models.
4. Inference in Two
Variable Regression Model:
The Central Limit Theorem normality assumption of the
disturbance term properties of OLS estimators under
normality assumptions the to chi-square and F
distribution. Hypothesis Testing: confidence interval
approach & test of significance approach.
5. Topics in Two
Variable Regression Model:
The model validity test regression through the origin
scaling and units of measurement different functional
forms of regression models (double long model, semi-log,
reciprocal model), interpretation of estimated
parameters, measurement of elasticity point and interval
forecasting, problems on type I and type IT errors, some
illustrative examples.
6. Estimation of
Multiple Regression Model:
The matrix approach to linear regression model:
Assumptions of classical linear regression model in
matrix nation, OLS estimation, variance-covariance
matrix of the estimators. R square and adjusted R
square, hypothesis testing of equality of two regression
coefficients, validity of the model, restricted least
squares comparing two regressions testing functional
forms of regression forecasting with multiple
regression.
7.
Demonstration of Statistical Packages for Social
Sciences (SPSS) / Econometric Views
8. Regression of Dummy
Variables:
Qualitative and quantitative variables some illustrative
examples of regressions of dummy variables testing the
structural stability of regression models comparing two
regressions with dummy variable approach capturing the
interaction effects use of dummy variables in seasonal
analysis piecewise linear regression.
9. Multicollinearity:
Consequences detection and remedial measures of
multicollinearity.
10. Heteroscedasticity:
Consequences detection and remedial measures of
heteroscedasticity.
11.
Autocorrelation:
Consequences detection and remedial measures of
autocorrelation.
12. Specification
Errors:
Types of specification errors: omission of relevant
variable inclusion of irrelevant variable adopting a
wrong functional from, errors of measurement.
Consequences and tests of specification errors, how to
choose and good model.
ECO 206 Development Economics
This course is designed
to give the students a broad exposure to the dynamics of
the process of growth and development and the problems
and issues it generates. It traces the historical path
traversed by development theorists and practitioners in
their search for an appropriate paradigm. Although each
competitive paradigm of development is se against a
particular and unique geopolitical and institutional
set-up, the experiences and lessons of the underlying
strategies and polices provide crucial insights for
planners and policy markers in contemporary developing
societies. The course takes a brief look at these
experiences in the context of broad sectoral
performances. Finally, the course will have given the
students and understanding of the whole range of
concerted actions undertaken by the policy makers (and
epitomized in the planning exercise) to accelerate the
growth process.
Part A: Defining
Development-What it stands for
1. Some conceptual
underpinnings and the problem of nomenclature: (a)
Development economics or the economics of development?
(b) What development are we taking about? (c) Whose
development are we concerned with? (d) Looking beyond
the economics of development: the politics and the
socio-cultural aspects of the development process (e)
The development game
2. Development
theorizing: the search for an appropriate development
paradigm
(a) An historical
overview of economic development: the record of success,
failures and lessons of experiences.
(b) Development
strategies over the years and the underlying theoretical
constructs
(c) The costs and
benefits of experimentation with alternative development
strategies: their social, political and administrative
requirements.
3. Current issues and
perspectives on growth and development: rethinking
development?
Part B: Development: A
Sectoral Perspective
4. Some basic correlates of the
growth process: trends and magnitudes over time (a)
Poverty and income distribution (b) Sustainable
development (c) Agricultural transformation and rural
development (d) Foreign and dependence (e) International
trade and the new international economic order (f) Human
resource development (g) Participatory development and
the empowerment process (h) Women in development (i)
Development and the environment (j) The structural
adjustment policies (k) The context and rationale of
planning: crisis, solution and lessons of experience (l)
The political economy of good government
ECO 207 Public Sector Economics
1. Theory of Public
Goods and Externalities:
Characteristics of public goods, Public goods, merit
goods compared, Pareto efficient conditions in the
presence of public goods, Efficiency conditions for
private and public goods, Private provision of public
goods, Externality and public sector Intervention
2. Introduction to
public choice Theory:
The concept of government
failure, Voting rules and resource allocation,
Participants in political process, Public choice theory
and the size of government, Public production and
bureaucracy
3. Principles of
Expenditure Analysis:
Allocative and
distributive effects, Linkages between expenditure and
taxes, Fixed quantity subsidy versus excise subsidy,
Pure theory of public expenditure (marginal utility
approach, voluntary exchange model, and General
equilibrium model).
4. Government and
Income Transfer Instruments:
Arguments for and against
redistribution government, Government expenditure
policies affecting income redistribution, Ways of
addressing the equality-efficiency trade off
5. Applied Expenditure
Analysis-Education, Health Care, Social Security:
Alternative
mechanism to subsidize education and their economic
effects, Medical care and the problem of moral hazard,
The role of government in financing medical care,
Alternative financing mechanisms for social security,
Effects of social security on saving and work effort,
Equity and social adequacy aspects of social security
6. Principles of Tax
Analysis:
Taxonomy of taxes, Desirable characteristics of any tax
system, General factors affecting incidence of various
taxes, Partial versus general equilibrium analysis of
incidence of taxation, The concept of welfare cost of
taxation, Measuring the welfare cost of taxation
7. Analysis of
Economic Effects of the Tax System:
Taxation and income
distribution, Effects of taxes on labour supply, Effects
of taxes on saving investments and risk taking, Income
versus Consumption taxes, Incidence to tax
8. Fiscal System in
Bangladesh:
Structure of tax revenue
and non-tax revenue, Elasticity and buoyancy of tax
system, Pattern of current expenditure, Pattern of
development expenditure, Expenditure on human resource
development and poverty alleviation sector, Fiscal
constraint and vulnerability of development expenditure,
Sustainability of fiscal deficit, Fiscal Incidence
9. Balanced budget and
Fiscal Policy:
Arguments for and against
balanced budget, The balanced budget multiplier, Fiscal
policy and stability
10. Public Debt: Public and private debt, Limits
to raising public debt, Public debt and economic growth,
Public debt and inflation, Public debt and taxation,
Debt redemption and debt management
CSE 231 Database Management
Systems
Concepts and methods in database
system, File organization and retrieval, Data
manipulation, Query formulation and language, Database
models, Data description languages, database integrity
and security, Data dictionary/directory systems,
database administration, Database design, Survey of some
existing database management systems, Some applications
using commercial languages.
ECO 302 Applied Economics and
Public Policy
1. Price Control and
Black Market:
What is price control; maximum and minimum price
legislation; black market; equilibrium price and output
under the black market.
2. How Firms Decide
Prices:
Firms objectives and constraints; simple model of
cost-based pricing; price stickiness, price flexibility
and profitability; price leaders, price takers and
structure of prices; price awareness and sensitivity of
consumers; product line pricing.
3. Forecasting: Definition: classification; trade off between cost and accuracy of
forecasting; forecasting models.
4. Poverty and Income
Distribution:
Concepts of Poverty; measurement of poverty; measurement
of inequality; growth vs, development.
5. Consumption and Saving:
Keynesian consumption, Keynesian consumption function;
two-period consumption and saving model; life cycle
hypothesis permanent income hypothesis; credit
constraint and consumption; financial liberalization and
consumption.
6. National
Accounting:
Definition and types of national accounting concepts in
national income accounting; aggregates at current and at
constant prices; problems and solutions of measuring GDP
under different methods.
7. Input-Output Model
and Social Accounting Matrix:
Input-output models: definition and extension; social
accounting matrix: definition and extensions.
8. Monopoly and
Monopoly Regulation:
Definition and Definition of monopoly; equilibrium price
and output under monopoly; social cost of monopoly;
sources of monopoly; monopoly vs. competition; different
forms of merging; source of monopoly; monopoly vs.
completion; different forms of merging; different forms
of monopoly regulation.
9. Externalities and
Environment:
Definition of
externalities; internalizing externalizing;
externalities through corrective tax and subsidy; Coase
theorem.
10. Economics of
Pollution Control:
Economics of Economics of exhaustible resources; optimum
level of pollution control; policies of pollution
control.
11. Public Choice in a
Democracy:
Absolute and relative
unanimity rule; Arrowls impossibility theorem; median
voter rule; social optimum level of public goods.
12. Social Policy:
Health and education
policy; market failure in health and education sectors;
problems of market-oriented reforms in health and
education sectors.
ECO 303 International Trade and
Finance
1. The
basis of international trade-the Absolute Advantage
Theory-comparative advantage Theory-Theory of
Opportunity Cost.
2.
Gains from trade explained by a comparison of production
and Consumption Possibilities Frontiers under different
international prices.
3. The
Heckscher-Ohlin Trade Model-Relationship between factor
richness and specialization in production-Factor
intensities of imports and exports as expected on the
basis of relative availability of the factors of
production-the Leontief Paradox.
4.
Factor price equalization between trading countries
under conditions of partial and complete specialization
in production.
5. The
offer curve-import-export possibilities as expressed
through offer curves and the determination of
international equilibrium through the use of offer
curves.
6.
Terms of Trade-Conceptual Issues-Trends in terms of
trade experienced by developed industrialized countries
and the less developed agricultural countries.
7. The
strategy of import substitution, as against the strategy
of export promotion, for the attainment of development
by less developed countries.
8. The
theory of protection-Tariffs in a partial equilibrium
setting-Impact of tariff on domestic production, prices,
imports and consumption-Effect of tariffs on income
distribution-Tariffs-and Terms of Trade.
9.
Preferential trading arrangements among countries.
Various types of integration-the theory of Customs
Union, static and dynamic effects-trade creation and
trade diversion-Rationale for regional trade agreements
among developing countries.
10.
Balance of payments and financial issues-elements in the
current account-balance of payments on current
account-elements in the capital account-autonomous
transactions-deficit a surplus in current
account-accommodating transactions and the overall
balance.
11.
Foreign trade and national income.
12. Market for Foreign
Exchange-Demand and Supply of foreign exchange –fixed
exchange rates.
ECO 304 Money and Finance
1.
Framework for Financial Transactions: (a) Flow
of funds Social Accounting: Construction of Flow of
funds accounts, its uses and relations with National
Income Accounts (b) Saving and Flow of funds Analysis: A
tool for financial planning.
2.
Financial Development and Economic Growth: (a)
Financial Intermediation and Economic Growth: The
Gurley-Shaw Model (b) Supply-leading and Demand-follow
strategy of Financial Development: Patrick Model (c)
Financial Repression Paradigm: Theoretical Perspective
and empirical relevance
3.
Demand for Money Theories: Risk’s model,
Adekunle (1968) model, McKinnon’s complementary thesis,
Keynesian Model & Friedman model, Rational Expectations
& Asset behaviours
4.
Money Supply Model: Simple and realistic models
of deposit multiplier, Polak Model, Deflationary
bias-Proximate determinants of money supply, Different
Monetary Aggregates.
5.
Monetary Institutions: Central bank, Commercial
bank, Development bank, Greameen bank, Interest-free
bank
6.
Informal Finance
7.
Capital Market (Securities Segment)
8.
Approach to Policy
ECO 305 Economics of Law
The economic concepts of public
and private goods, externalities, and benefits vs. cost
will be used to analyze the economic basis for and
effects of property, contract, tort, and criminal law.
Important cases will be discussed and issues such as the
rules for determining the liability for accidents and
the proper level of penalties for crimes will be
explored. In addition, the trade-offs involved in the
use of the legal system itself will be explored. In
addition, the trade-offs involved in the use of the
legal system itself will be explored in such areas as
plea-bargaining, trial vs. settlement of civil cases,
and various arrangements for payment of legal costs.
ECO 306 History of Economic
Thought
1. Medieval Economic
thought:
(a) Structure of the Medieval Society, (b) Development
of Scholasticism, (c) Characteristics of Medieval
Economy: i) Agriculture, ii) Industry, iii) Trade
2. Emergence of
Merchanticism:
(a) Merchantilist
Economic thought with special reference to: i) Thomas
mun, ii) Sir William Petty, iii) Sir Sosiah Child, iv)
Phylip von Honrick
3. Fundamental Ideas
of Physiocrats:
(a) Advocates of
Physiocrates: i) Francois Quesnay ii) Anne Robert
Jacquese Turgot, iii) Boisguillebert, iv) Quesany’s
Tableau Economique
4. Classical Economic
thought:
(a) Adam Smith and Classical Economic Thought, (b) A.
Smith’s Criticism of Mercantilism and Physiocracy, (c)
David Ricardo on Rent, Labour, Value and International
Trade (d) Malthusian Theory on Population
5. The Historical
School
6. Development of
Socialist economic thought:
From Utopian to Marx.
7. Introduction to
Marginal Revolution.
Neo Classical Economic School.
8. John Maynard Keynes
and the Great Depression of Thirties:
(a) Keynesian Revolution
and Development of New Economic Thought (b) Schumpeter’s
Theory of Economic Development (c) Marx Keynes and
Schumpeter
9. Modern Economic
thought
ECO 307 Advanced Econometrics
Course Outline
1. Some Basic Ideas:
Statistical Concepts for Economists
2. Statistical inference;
Bayesian Inference and Decision Theory
3. Simple Linear
regression model & inference
4. General linear
regression model & inference
5. Combining sample and
non-sample information and further Applications of the
General linear statistical model.
6. Errors in Variables
and non-normal errors
7. Distributed lag
models.
8. Simultaneous Equation
Models and their estimation.
9. Application of
multivariable analysis: Canonical correlation and
Canonical variables; Principal component analysis.
Discriminant analysis Factor analysis.
10. Maximum Likelihood
Methods.
11. Models with discrete
dependent variables; the LPM Logit Probit and Tobit
models their estimation and some applications.
12. Bayesian Methods in
Economics
ECO 308 Labour Economics
1. Introduction to
Labour Economics:
Labour as a factor of production and input-output
analysis; Labour as a human resource; Labour as a source
of income; Labour in relation to other inputs.
2. Labour and
Industrialization:
The nature of industrializing societies-unity and
diversity in industrialization Economic characteristics
and labour problems of industrial societies. Industrial
work rules. The Guilds and early local unions. The
labour movement in developing countries: contrast with
developed countries. Do unions retard economic
development ?
3. History of Labour
Movements:
The views of labour theorists: the Marxists the webbs
Common Perlman Seling Perlman Dunlopn Harbinson and
Myers. The nature of protests. Conclusions: the origin
of labour movements the pattern of growth. The
individual worker’s relationship with them. The ultimate
goals of labour movement. The History of labour
movements in Bangladesh.
4. History of
International Labour Organizations:
An overview of world
labour movements. Industrialization and ideology. The
political internationals: early international trade
union organizations. International Fedration of
Christian Trade Unions. The International Labour
Organizations.
5. The nature of
Labour Market:
The concept of labour market the process of allocation
Units of labour and Wage rate, Wage rates and labour
earnings The trends in employment and the nature of
unemployment in Bangladesh.
6. Wages, employment
and the price system:
The supply of labour the demand for labour.
International and intertemporal comparisons. Employment
and unemployment. Innovation and structural
unemployment.
7. Wages and
Employment at the level of the firm:
The short-run demand for labour. The short-run supply of
labour for the firm. Wages and Employment under
Competitive equilibrium conditions. Equilibrium under
imperfect competition in product markets. Equilibrium
under imperfect competition in the labour market. The
concept of exploitation.
8. The Wage and
Employment Goals of Trade Unions:
The Wage rate. The Union as a maximizing agent: the
business firm analogy. Maximization of the wage rate.
The Maximization of the total wage bill. Maximizing the
multivalue goals. The Union Wage preference path: the
shape of the unions wage preference curve. Union
attitude towards leisure and the length of work week.
9. Employer’s goals
and Wage Determination:
Maximizing behaviour for the business firm. Competitive
and Monopolistic Hiring of labour. The Bilateral
Monopoly analogy. The demand for labour and level of
profits. Employer preferences and level of profits.
Employer preferences and changing demand conditions.
Wage settlement under imperfect knowledge. The
employment effects of wage settlement.
10. Collective
Bargaining and Economic Issues:
The economics sanctions of collective bargaining. The
public and private cost of strike. Bargaining power in
collective bargaining. Economic constraints on
collective bargaining. The interrelatedness of wage
bargains. Industry wide bargaining.
11. Collective
Bargaining and non-wage benefits:
Public policy. Advantages to unions. Advantages to
workers. Advantages to employers. Health Insurance and
Pension plan coverage in union contracts. Paid
vacations. Paid holiday. Shorter hours. Factors
influencing the reduction of hours. Seniority. Seniority
and public policy. Union security. Grievances procedure.
Arbitration.
12. Workman
Compensation, Minimum Wage and Regulations of Hours:
Workman compensation laws: assessment of worker
compensation programs. Temporary and partial disability.
Minimum wage legislation: Pros and cons of minimum
wages. Historical evidence concerning the impact of
minimum wages. Flexible minimum wages. Regulation hours
of work: historical hours movement. Legislation and
special group.
13. Education and
Manpower Policy in Bangladesh:
Education and economic development. Investment in human
capital. The growth of Higher education. National
Manpower policy need. Recent development in manpower
policy. Evaluation of Manpower policies. Requirements of
high level manpower.
14. Labour market
issues in developing countries:
Seasonality in agriculture, different types of incentive
compitable contracts market imperfections in credit and
other-input markets and interlocked contracts.
ECO 309 Urban Economics
1.
Definition and scope of urban economics.
2.
Urban Problems: Changing urban structure, dispersion of
people and firms, and the inconsequent changes on
employment, and standard of living of the city dwellers.
3.
Urban location and land use theory: Evolving form and
organizations of metropolis. Location of Economic
activities in the cities. Rural-Urban land conversion
and economic change.
4.
Central Place Theory of Urbanization: Various theories
of location for cities. Recent development in Central
place theory. Central place system and spatial
interaction.
5.
Urban Economic Development: Urban expansion, and its
magnitude and causes. City growth and city structure,
Development of transport and communication in the cities
the external and magnitude of urban poverty.
6. Urban
Planning: Planning and development of metropolitan
cities. Expected Direction of future development of
cities.
ECO 327 Socio-Economic Study of
Bangladesh
1. Introduction: Brief Profile of Recent
History.
2. Growth and Structural Change: Population
Growth, Labour Force and Its Distribution, Growth in GDP
and Per Capital Income, Structure and Composition GDP,
Macroeconomic Change Since Independence
3. Agriculture Sector: Definition, Structure and
Growth of Agriculture and it’s Importance in the
National Economy, The Resource Base and the Production
Organization, Factors Shebang Growth, Agricultural Asset
Distribution, Agricultural Credit Performance,
Co-operative Strategies for Development, Changes in
Agricultural Policies
4. Industrialization: Definition, Structure and
Growth of Industries, Categories of Industries: Large,
Small and Cottage Industries, A Comparison among
different Industries, The public and Private Sectors,
Experiences with Nationalization, De-nationalization and
Privatization, The Liberalization Regime, Foreign
Exchange Regimes and Industrial Growth, Problems and
Prospects of Foreign Direct Investment (FDI)
5. External Sector: Trade and Debt: Trade Gap
and external Debt, Exports: Growth and Composition,
Imports: Growth and Composition, An Assessment of export
and Import Policies, Balance of Payments and Foreign
Exchange Reserves, External Aid and Debt Situation, GATT
and Its Impact
6. Fiscal Sector: Budget and its Structure,
Revenue: Structure and Growth, Tax and Non-tax Revenues:
Structure and Growth, Expenditure: Structure and Trends,
Financing of the Budget
7. Financial Sector: Prices, Money Supply and
Interest Rates, Structure of Capital Market,
Nationalized and Private Commercial Banks Structure,
Trends and their Comparative Performance, The Impacts of
Financial Market Reforms, Regulatory Framework in the
Financial Market
8. Financial Sector: Energy and Power, Transport
and Communications, Flood Control
9.Poverty and Income Distribution: Main
Indicators and their Limitations, The evidence and
Interpretation, Factors Behind Poverty and Inequality,
Discrimination against Women, Other Sources of Economic
Inequality
10. Human Resource
Development:
Indicators of HRD,
Social Sector: Trends and Development, Policy Changes in
Relation to HRD
ECO 401 International Economics
1. Introduction: What is international Economics
About?, The Gains from Trade The Pattern of Trade,
Protectionism, The Balance of Payments, Exchange Rate
Determination, International Policy Coordination, The
International Capital Market.
2. International Trade Theories: The
Mercantilist Thesis on Trade, Absolute Advantage,
Comparative Advantage, Opportunity Cost, Community
Indifference, General Equilibrium in a Single Economy,
Offer Curves, International Equilibrium. The Terms of
Trade.
3. The Heckscher-Ohlin Model: The Basic
Assumptions of the model, Factor intensity, Factor
Abundance, Propositions of the Hecksher Ohlin Model-The
Rybczynski theorem, The Hecksher-Ohlin theorem, The
Stolper-Samuelson theorem, The Factor Price Equalization
theorem.
4. Alternative Trade Theories: Empirical Testing
of the Ricardian Theory, The Leontief paradox, The
Specific Factors model, Empirical Challenges to
traditional theories Linder's Thesis, Technological gap
and Product cycle theories.
5. Growth and Trade: The Sources of Economic
Growth, Growth in the World Economy, The Prebisch-Singer
Thesis.
6. Economies of Scale, Imperfect
Competition and International Trade: Economics
of Scale and International Trade-An Overview, Economies
of Scale and Master Structure, The Theory of Imperfect
Competition-Monopoly, Monopolistic Competition and
Trade, The Effect of Increased Market Size, Gains from
an integrated market, Economics of Scale and comparative
advantage, The significance of Intra-industry trade, Why
intra-industry trade matters?
7.
The Theory of Tariffs: Types of Tariff, The Partial
Equilibrium Analysis of Tariff, The General Equilibrium
Analysis of Tariff-the small country case, the large
country case, Tariff and the world welfare, Effective
protection, Arguments for Protection the Optimal tariff,
The infant industry argument, Other arguments for
protection.
8. Instruments of Commercial Policy: Export
taxes, Export subsidies, Quantitative Restrictions,
International Cartels-OPEC, The Voluntary Export
Restraints. Dumping, Other non-tariff barriers.
9. The Political Economy of Trade Policy: The
case for free trade, free trade and efficiency,
additional gains from free trade, political arguments
for free trade, national welfare arguments against free
trade, Income distribution and trade policy,
International negotiation and trade policy-GATT, EEC,
Trade Liberalization Preferential Trading Arrangements –
Customs Union, Economic Union, Trade Creation and Trade
Diversion.
ECO 402 Environmental and Natural
Resource Economics
1. The Evolution of
Environmental and Resource Economics:
The approach
to the economic analysis to naturals resources and the
environment economic paradigms and environment,
fundamental features of economic approaches to natural
resource and environmental features of economic
approaches to natural resource and environmental issues.
2. The Sustainable
Economy:
Origin and
concepts of sustainability and the issues related to
sustainable development.
3. Ethics and
Environment:
Ethical
foundations for environmental economics, rationale and
principles of discounting environmental value and a
critique of the discounting methods and principles.
4. The Efficien and
Optimal Use of Environmental Resources:
Property
rights common property resources and environmental
resources, efficiency issues, environmental resources
and markets, externalities and public policies.
5. Theory of Efficient
and Optimum Use of Renewable and Non-Renewable
Resources:
Fundamental principles and models of renewable and
non-renewable natural resources.
6. The Economics of
Pollution:
Sources, types
and levels of pollution problems, pollution control
policies and implications for growth and equity.
7.
Techniques of Environmental Valuation
8.
Environmental Accounting: Theory and Practice
9.
Environment and the Developing Countries with special
reference to Bangladesh
10.
Global Environmental Problems, Issues and Actions Global
warming, sea-level rise, greenhouse effects, ozone
depletion, international conventiones and joint efforts
for environmental protection and management.
ECO 403 Population and Health
Economics
The purpose of this
course is to develop an analytical framework or a
systematic economic analysis of problems in the
population & Health Sector. To a large extent this is a
course on applied Microeconomic analysis. Therefore it
is assumed that the students are already familiar with
standard microeconomic theory macroeconomics &
statistical methods. Among others the course will
include the following topics:
1. Introduction
Microeconomics & statistical tools for Health Economics.
2. The Production of
Health
3. Demand for health
capital
4. Consumer choice &
demand
5. Asymmetric information
agency
6. Imperfect agency &
supplier induced demand
7. Health Care &
Advertising
8. Insurance.
9. Production & cost of
health care
10. Technology
11. Government
intervention in health care market & regulations
12. Equity Efficiency &
need
13. Cost-Benefit analysis
& applications to health care
14. Demographic Concepts:
meaning of demography population pyramids sex ratio
child-woman ratio dependency ration labour force
participation rate components of population growth,
population growth rate, age-specific fertility rat,
total fertility rate, age-specific mortality rate,
density of population.
15. World Population:
Growth and consequences, fertility and mortality
transitions, ageing, international migration, and
urbanization.
16. Health Sector:
Challenges and Reforms.
ECO 404 Economic Modelling and
Forecasting
Econometric Part
1. Introduction: a)
Economic Forecasting, b) Role of Specialists, c)
Limitations of Forecasting 2. Transformations 3.
Stationeries 4. Trend Curve Forecasting/Regression
methods 5. Exponential Smoothing Techniques 6. Holts
Linear Trend Exponential Smoothing 7. AR Model 8. MA
Models 9. Mixed ARMA models 10. ARIMA models 11.
Introduction to Simulation Models 12. Examples of
Simulation Models
SAM/CGE Part
1. Social Accounting
Matrix (SAM) and Modelling
1.1
Structure of SAM
1.2 Derivation of SAM
Accounting Multipliers
1.3 Interpretation of
Multipliers
1.4 Setting Targets and
intervention
1.5 Total and partial
backward and Forward SAM Accounting Linkages
2. SAM Fixed Price
Multipliers and Price Modelling
2.1 Derivation of Fixed
Price Multipliers
2.2 Interpretation of
Intervention in Fixed Price Multipliers
2.3 Price Modelling
2.3.1 Derivation of CPI
2.3.2 Derivation of Cost
Push Inflation
3. SAM Extension: Social
and Environmental Indicators
3.1 The Extended SAM with
social Indicators
3.2 The Extended SAM with
Environmental Indicators
4. SAM based CGE Model
4.1 Three Sectors CGE
Model
4.2 Numerical
4.3 Trade and Tax Reform
Simulations
4.4 Interpretation
5. Closure Alternatives
in CGE
5.1 Neo-classical closure
5.1.1. Johnson closure
5.1.2 Finherian Closure
5.2 Non-neoclassical
closure
5.2.1 Keynesian closure
5.2.2. Keynesian closure
with labor market rationing
5.2.3 Kaleckian closure
ECO 405 Transport Economics
1. Importance of
transport Development:
(a) Transport and
Economic Development: Transport as a generator of
Economic Development Population Distribution and
Regional Distribution Transport and Industrial
concentration and urbanization.
(b) Transport and
Socio-Political Development: Transportation and social
Institution-Transportation and Development of political
organization & power-Transportation and the
socio-economic pattern-Transportation and social
problems.
2. Development of
Transportation:
(a) Stages of Transport
Development in Develop countries-Importance of Geography
and Technology in Transport Development in developed
countries
(b) State of Transport
Development in Bangladesh-Historical
Background-Economic, Geographical and Administrative
consideration in the spread of transport network in
Bangladesh-Transport network in Bangladesh and other
countries.
3. (a) Some Basic
Concepts:
Maximum vehicle unit-Adaptation of vehicle unit to
volume and Nature traffic Standardization –compatibility
of unit load equipment-Minimizations of Deadweight to
total weight-Maximum utilization of capital, Equipment
personnel.
(b) Demand for
Transport Services:
Nature of transport
Demand-Determinants of Transport Demand-Estimation of
Demand for Transport Services-Macro-economic aggregates
and transport demand-Elasticity measurement in the
Transport Sector.
(c) Transportation
Costs:
Concept of Transport costs-Nature and classification of
costs-Method of cost Estimation and problems of costing.
(d) Freight
classification and principles of Rate-making:
Kinds of
Fright-Rate-making principles: Cost of service:
competitive Rates, Standard Costs, Common costs, Value
of Service: Determinants of value of service, ability to
bear transport charges Discrimination and types of
Discrimination. Rate-structure: Postage-stamp rate
structure-Mileage rate structure-Basing point pricing-blanke
Rate structures-Pricing of transport services.
(e) Transportation
cost and spatial Economic Activities:
Competition-transportation and spatial
Activities-Transport cost as location
determinants-Transport cost and Regional Development.
(f) Location Theory
and Transportation:
Agricultural
location-Industrial Location the Location
cities-Transport costs and Natural Marketing of area.
1(g) General
Equilibrium, Linear Programming and Transportation
Problems:
One commodity-many regions static general equilibrium
model-Linear Programming and solution of some
transportation problems. (h) Transport survey
Techniques-counting techniques origin and destination
study techniques Analysis and Reporting techniques.
4. Some Issues of
Transportation Economics:
Economic Evaluation of
Transport Projects- Investment Decision in the Transport
Sector-Transport Planning in Developing
countries-transport growth and regional development
policy pricing transport services in the developing
countries.
5. Transport in
Bangladesh:
(a) Characteristics and
Modes of transport-Relative importance of different
modes of transport-Institutional set-up-ownership and
Management.
(b) Transport Investment:
Nature of investment-Investment policy-Determinants of
transport demand and Expansion of physical facilities.
(c) Efficiency of the
Transport System: Operational efficiency-productive
efficiency-Total factor productivity of different modes
of transport Factors responsible for the present level
of efficiency of the transport sector.
(d) Some problems of the
transport sector: Pricing policy-cost of transport and
rate structure intermodal competition-Lack of
co-ordination and integration-administrative lack and
financial constraints.
ECO 406 Financial Institution and
Capital Market
Financial system consists of financial markets and
financial institutions that, in many respects, create
the marketing. The course examines various aspect of
interest rates and security prices; instruments and
function of money, bond and stock market, financial
derivative markets, the role of commercial bank and
regulatory system and non-bank financial institution
The course will cover different ranges of financial
institutions-commercial banks, saving banks, loan
associations, credit unions, insurance company, mutual
funds, finance companies, markets and instruments,
interest rate and the money market valuation, the
fixed-income capital market, equity securities market,
stock and bond market indexes, derivative markets.
ECO 407 Industrial Economics
Part One: Theories of Industrial
Organization and Behaviour
1. Conceptual Issues: (a)
Importance and Scope of Industrial Economics. (b)
Concept of a plant firm and industry and their
interrelationships.
Business Organization:
(a)
Private Sector vs. Public Sector (b) Types of Private
Sector Ownership (c) Types of Public Sector
organizations.
2. Objectives of a firm:
growth, profit and sales maximization and nature of
interrelationships between different objectives.
3. Determinants of optimum
size of the firm
4. Growth rate and cost
curve of a firm
5. Measurement of optimum
size of a firm: (a) Stigler’s hypothesis and survivor
technique (b) Economics of scale and survivor technique
6. Industrial
Concentration:
(a) Types of
Concentration (i) Average concentration (ii) Market
concentration (b) Measurement of Market Concentration: (i)
Concentration curve (ii) Concentration ratio (iii)
Lorenz curve (iv) Hirschman-Herfindahl index (v) Lerner
index (c) Economics of scale and market concentration
(d) Concentration ratio and monopoly power
7. Integration:
(a) Concept and types of integration (b) Stigler’s life-cycle hypothesis
on vertical integration (c) Vertical integration and
monopoly
8. Diversification:
(a)
Typology of diversification: (i) Lateral
diversification: Convergent lateral diversification,
Divergent lateral diversification (ii) Diagonal
diversification (iii) Conglomerate diversification (b)
Measurement of diversification: (i) Diversification
curve (ii) Specialization ratio (iii) Berry’s index (iv)
Number of industries (c) Objectives of diversification
(d) Diversification and competition
9. Conditions to
entry: (i)
Absolute cost advantage (ii) Economics of scale (iii)
Product differentiation (b) Vertical integration land
barriers to entry.
10. Market structure,
invention and innovation:
(a) Firm size and
technical progress (b) Patent right
11. Location of
industry:
(a) Significance of the location of industry; advantage
and disadvantage (b) Factors of location of industry: (i)
Historical (ii) Economical (iii) Political (iv) Others
(c) A. Webers theory of least transportation cost (d)
Location of industry and regional development (e)
Measurement of the location of industry (f) Strategy of
a balance industrial development (g) Growth pole theory
of F. Perroux and regional industrial development
Part Two:
Industrialization in Bangladesh
1. Significance of
industrialization for a densely populated country like
Bangladesh.
2. Industrialization
strategies
3. Industrial policies
since independence
4. Structures of
manufacturing industries: (a) Size of the industrial
sector (b) Composition of industries (c) Growth and
structure of manufacturing industries
5. Growth of private
industrial investment (Domestic and Foreign) for
accelerating industrial development: (a) Policies and
incentives (b) Institutional support
6. Structure and trend of
the growth of export oriented industries.
7. Determinants of
industrial growth in Bangladesh: (a) Agro-industrial
linkages (b) Entrepreneurship (c) Management of
industries (d) Sub-contracting arrangement (e) Others
8. Financial industries
in Bangladesh
9. Industrial relations
system.
ECO 450 Dissertation
All BSS
candidates require to undertake supervised study and
research culminating in a dissertation in their field of
specialization. The completed dissertation should be
bind and printed in accordance with the regulations of
IBAIS University.
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