[BS IN ECONOMICS
REQUIRED GED COURSES
INTRODUCTION TO BUSINESS
The objective of this course is to develop basic business
concepts with current business practice. This course will help students to take
preparation for the challenges and opportunities that lie ahead. It will
introduce the major functional areas of business such as management, human
resources, marketing, finance, accounting etc. This will help students to gain
knowledge about the core of business and also to choose their careers in
specific functional areas.
- Steven J. Skinner, and John
M. Ivancevich. Business for the 21st Century, Irwin,
This course combines the concept of class room training with
the convenience of computer based learning to introduce students to computer
fundamentals, hardware and software. Particular attention is paid to computing,
information structures, Internet, World Wide Web, text, spreadsheets, images,
sound and video.
- Introduction to Computers, 6th Edition. Peter Norton, McGraw- Hill.
MATHEMATICS FOR BUSINESS AND ECONOMICS - I
Study of how to apply matrices , Jacobian determinants,
partial derivatives, optimization both with and without constraints for
explaining microeconomic and macroeconomic theories in static context.
Topics include theory of consumer behavior, theory of production, general
equilibrium in goods and factor markets, national income equilibrium, and
analysis of international trade issues. Topics such as comparative
analysis, linear programming, and duality are also introduced.
- A. C. Chiang. Fundamental
Methods of Mathematical Economics, McGraw-Hill,
- T. Yamane. Mathematics
for Economists: An Elementary Survey, Prentice Hall,
STATISTICS FOR BUSINESS AND ECONOMICS I
Topics include introduction to statistics; collection,
processing and presentation of statistical data; measures of central tendency; measures
of dispersion; graphical methods; elementary probability theories; discrete
& continuous random variables; normal distribution, central limit theorem;
index numbers; simple correlation and regression analysis; sampling
distribution; components of time series.
- Wonnacott and Wonnacott. Introductory
Statistics, Wiley and Sons,
- Harnett and Murphy. Introductory
Statistical Analysis. Addison-Wesley, 1971
- T. Yamane. Statistics:
An Introductory Analysis, Harper and Row, 1967
This course is design to focus on the students’ writing
skills mainly the common mistakes in writing sentences. They will also learn
the basics of paragraph writing. Emphasis will be given on: subject/verb
agreement, sentence structure, sentence classification, tense, clause,
fragment, run-ons, modifiers, parallelism, conditionals, modals, reading skill,
vocabulary building, speaking, and paragraph writing.
- Charles K. Ogden, and K.
Paul, Basic English: A General Introduction With Rules and Grammar. Trench
Trubner & Co. Ltd. 1933.
- Bonnie L. Walker, Basic
English Composition, Pearson Prentice Hall, 2003.
COMPOSITION AND COMMUNICATION SKILLS
This course is designed to make students better readers and
writers by developing analytical reading skills, and enabling to write with
fluency, coherence, and effectiveness. To achieve this, students will be
reading often and writing frequently and extensively. To improve communication
skill, students will have listening and presentation sessions. Some of the
specific areas will be reviewed during the semester: writing process; paragraph
writing; organizing an essay; editing techniques; writing summary and précis;
writing job application and curriculum vitae; different patterns of essay and
paragraph which include: description, narration, process, comparison and
contrast, cause and effect, argumentation; presentation skills; reading skill;
and vocabulary building.
- John Langan. College
Writing Skills with Readings, 6th Edition., McGraw Hill.
This course depicts the socioeconomic profile of
Topics include descriptions of agriculture, industry, and service sector;
Market –based reforms and Good Governance in
Demographic patterns; Social and physical infrastructures; Social
stratification and power; Government and NGO activities in socioeconomic
development; National issues and policies; and changing society of
- A.N.M. Shawkat Ali.
Bangladesh Civil Service: A Political-Administrative Perspective,
· Rounaq Jahan,.
Politics: Problems and Issues, UPL,
· Nurul Islam. Making
of a Nation Bangladesh: An economist’s Tale, UPL, 2004
· Binayak Sen,
‘Politics of Poverty Alleviation’ in Centre for Policy Dialogue, Crisis of
Governance: A review of
Development 1997, UPL,
OPTIONAL GED COURSES
FINANCIAL ACCOUNTING I
The objective of this introductory course is to provide the
students with basic understanding of the principles and concepts of accounting
as well as their applicability and relevance in real-world situation. The
course incorporates the following topics: conceptual framework for financial
accounting; basic objectives and nature of accounting; accounting equation; the
accounting process: double-entry recoding process, the accounting cycle:
journalizing, posting to the ledger, preparation of trial balance;
accounting information systems and special journals: control accounts and
subsidiary ledgers; special journals; preparation of work sheet, adjustments,
closing entries, post closing trial balance, reversing entries, preparing the
- Jerry J. Weygandth, Donald
E. Kieso, and Paul D. Kimmel. Accounting Principles, 8th Edition, John Wiley and sons, 2006.
Study of basic mathematical concepts and tools such as
functions, limits and continuity, technique of differentiation, maxima and
minima of functions. Point of inflection, function of two or more variables.
System of Linear equations and Matrices. Permutation and Combination, Binomial
- Philip A. Schmidt, Frank
Ayres. Schaum’s Outline of Theory and Problems of College
Mathematics, McGraw-Hill Professional, 2003
- A. C. Chiang. Fundamental
Methods of Mathematical Economics, McGraw-Hill,
- College Mathematics for
Business, Economics, Life Sciences and Social Sciences
The covers fundamental theories of international relations
and international politics; elements of national, regional, local power and
prestige; historical analysis of the beginning of the cold war, trends of that
war and the outcomes; internationally important incidents occurred from the
later part of 19th century to till date; International diplomatic
trends and their impact on Bangladesh. War and peace efforts in post-cold war
world are also a prime focus with a special reference of the diplomatic
- Ho-Won Jeong. Understanding Conflict and Conflict Analysis, Sage Publications Ltd,
- Philip David McMichael,
Geoffrey Cowan and Nicholas J. Cull. Public Diplomacy in a Changing
World, Sage Publications, Inc, 2008
PRINCIPLES OF MANAGEMENT
This course aims at providing students with the knowledge of
the fundamentals of management. It includes: Meaning and Importance of
Management; Evolution of Management thought; Decision making process;
environmental impact on management; Corporate social responsibility; Basic
functions of management - Planning; setting objectives; Implementing plans;
Organizing; Organization design; Human resource management: Direction;
Motivation; Leadership; Managing work groups; Controlling: Control principles;
Process; and problems; Managers and Changing Environment.
- Ricky W. Griffin. Management, 8th Edition., Houston Mifflin Company,
INTRODUCTION TO PSYCHOLOGY
Study of human behavior, and personality with special
reference to perception, learning, memory, thinking, emotional life, and
individual difference in intelligence, aptitude. This course also explores
abnormal behavior, their causes and possible solution (therapy).
- Feldmen, R.S. Understanding
Psychology, 8th ed. McGraw Hill, 2008
· Coon, D., and J.
Mitterer. Introduction to Psychology: Gateways to Mind and Behavior, 11th
ed. (with supplements),
(Thompson Learning), 2007.
The course includes causation in behavior in industry and
the variables affecting it. It emphasizes on preliminary concept like behavior;
its causation; attitudes and perception and frustration; personnel selection
and training; industrial counseling, morale, safety, industrial accidents and
other variables affecting productivity of individual.
- Spector P.E. Industrial
and Organizational Psychology, John Wiley & Sons, Inc (1st
- Schultz D. and Schultz S.E. Psychology and Work Today (7th Edition),. 1998
EASTERN CULTURE AND HERITAGE
The subject includes brief introduction of the cultural
patterns and major ancient civilization of eastern part of the world. The
specific goal is to make the students familiar with the different cultures,
religious, scholarly philosophies and heritage of eastern region. Basic ideas
about all the major religions are also a tool here to clarify the ideological
heritage of eastern civilizations. Along with this, students would be
introduced to the socio-cultural patterns of the subcontinent with special
· Cowan, Andrew
Reid. A Guide to World History, Longmans, Green and Company,
· Donald Kagan,
Steven Ozment, and Frank M. Turner,The Western Heritage (Seventh Edition),
Prentice-Hall, Inc. 2001.
ECOLOGICAL SYSTEM & ENVIRONMENT
Topics include: Understanding environment through a
systematic method, issues regarding the patterns of environmental pollution,
use and abuse of natural resources, population and ecology, abundance control,
community diversity and other man-made establishment with their impact,
biodiversity and the loss of it, air pollution, water pollution, climate change
with a global and local outlook, ethical issues concerning controlling
- Susan Buckingham(ed). Understanding
Environmental Issues, Sage Publications Ltd; 2008.
- Gurdeep R. Chatwal and
Harish Sharma. A Text Book of Environmental Studies : Environmental
Himalaya Publishing, 2004
INTRODUCTION TO SOCIOLOGY
The motto here is to introduce the students to the key
sociological concepts, existing social institutions and burning social problems
with special references to
The students will also be familiar with the cultural settings of a society both
in a global and local fraternity. They will be introduced to the different
patterns and methods of social research with practical guideline. They are
expected to have a sociological imagination to analyze socio-cultural trends
with reliability and validity.
- Giddens, Anthony Sociology (4th edition);; Blackwell Publishers,
- Crompton, Rosemary. Class
and Stratification: An Introduction to Current Debates; (2nd edition),; 1998; Polity Press,
INTRODUCTION TO PUBLIC ADMINISTRATION
The subject includes definition, nature and scope of public
administration. It also discusses the intellectual background, paradigms,
theories and approaches to understand public administration. It further
analyzes the contents of public administration; major concepts of public
administration; issues regarding leadership, bureaucracy, management and decision
making; behavioral management theory and integrating perspective of management.
- Evan M. Berman and Jack
Rabin (ed). Encyclopedia of Public Administration and Public Policy,
Second Edition, (Three Volume Set), CRC Press, USA., 2007
- B Guy Peters, and Jon
Pierreb. Handbook of Public Administration, Sage Publications Ltd;
INTRODUCTION TO MARKETING
The course introduces the role and functions of marketing;
evolution of marketing as a science; elements of marketing mix; analyzing
marketing environment and functions; defining products; regulation of prices
and competition; principles of distribution; role and functions of promotion;
marketing of services; marketing of industrial goods; cooperative
marketing; measuring marketing efficiency, marketing audit.
- Philip Kotler, Gary
Armstrong. Principles of Marketing, 11th Edition,
This is the course that starts from where the basic finance
course ends. This course is intended to provide an overview of the remaining
areas of financial management. After completing the course students are
expected to understand how to manage the current assets and current liabilities
of business originations and what is involved in policy decisions regarding
capital structure and payout ratios. The topics that are to be covered in this
course are management of working capital, management of cash, accounts
receivables, inventories & accounts payables, payout policies, capital
structure & lease financing.
FUNDAMENTALS OF NATURAL SCIENCE
This course is designed to introduce the students with the
basic ideas of our daily life science. The course consists of three basic areas
of science, i.e. Basic Chemistry, Basic Physics, and Basic Biology. Basic
Physics consists of elementary physics, magnetism, properties of light,
electricity and properties of heat. Basic Chemistry consists of introduction to
chemistry, molecular properties, chemical formulas and names, chemical bonding,
acids and bases, oxidation and reductions, organic chemistry and metals. Basic
Biology consists of cells, food and diet, variation, heredity and genetics, the
balance of nature, ecology and ecosystems, pollution and conservation.
- Konard Bates Krauskopf, and
Arthur Beiser, Fundamentals of Physical Science, McGraw-Hill, 1971.
- Contributor Alessandro
Mirelli, and Giancarlo Contrfatto, Biological Science Fundamentals, EOLSS Publishers Co. Ltd. 2007.
- Lotta Jean Bogert, Fundamentals
of Chemistry, W. B. Saunders Company, 1924.
This course is designed to orient the students with the
changing locations and spatial patterns of economic activity. Topics include
world climate; classification of regions and economic development; locations of
energy, mineral, and water resources; production in agriculture, manufacturing,
and services; and spatial economic principles of trade, transportation,
communications, and corporate organization
- Gordon L. Clark, Maryann P.
Feldman, and Meric S. Gertler. The Oxford Handbook of Economic Geography, Net Library Inc. 2000.
- Richard B. Le Heron, and
James W. Harrington, New Economic Spaces: New Economic Geographies. Ashgate
Publisher Ltd. 2005.
ECONOMICS CORE AND CONCENTRATION COURSES
INTRODUCTION TO MICROECONOMICS
ECO 1301 provides an introduction to the basic nature of
economics at the level of individual economic agents; primarily consumers and
business firms. Topics covered include the analysis of supply and demand
and market equilibria; household decisions regarding demands for consumption
goods and services and supplies of labor; and business decisions regarding
supply of outputs and demand for factor inputs such as labor and capital.
Particular emphasis is placed on the role of prices and
markets in allocating resources, economic relationship between costs and
productivity, alternative market structures such as perfect competition,
monopoly and various models of imperfect competition, the theory of labor
market and income distribution, and the economics of information.
- Edward K Browning and Mark
Zupan. Microeconomic Theory and Applications. John Wiley
& Sons, 2002.
- N. Gregory Mankiw. Essentials
of Economics, (Third Edition), Thomson- South-Western, 2004.
INTRODUCTION TO MACROECONOMICS
ECO 1302 intends to acquaint the students with the basic
concepts of macroeconomic theory and to provide them with an understanding of
how the overall economy works and what the likely consequences of various macro
policies are. Topics covered include definition and measurement of macro
aggregates such as national output, unemployment, inflation, consumption,
investment, export, import, balance of payments, national budget etc.,
identification of their determinants, and interrelationship amongst them.
Macroeconomics also examines how public policies impact upon the macro
The working of the overall economy is examined both in the
context of short-run and long-run. Thus a good part of the course is
devoted to the study of short-run fluctuations in macro aggregates and how
macro policies can stabilize the economy against adverse swings in these
aggregates. An equally important issue discussed in macroeconomics is the
determinant of long-run economic growth and the role of public policy in
steering the economy through such a growth path. In both these time
frames, the analysis incorporates the role of the external sector and links
with the international economy in influencing both stability and growth of
- N. Gregory Mankiw. Macroeconomics, Worth Publisher, 2007
- Campbell R. McConnel and
Stanley L. Brue, Macroeconomics: Principles, Problems, and Policies ,(15th edition), McGraw-Hill, 2000.
STATISTICS FOR BUSINESS AND ECONOMICS II
The course covers further topics in descriptive statistics;
probability theory and application; Baye’s theorem; bivariate probability;
statistical inference; tests of hypotheses; analysis of variance; simple liner
regression and correlation; multiple linear regression; testing the goodness of
fit; decision theory; application of permutations & combination in
probability; discrete probability distribution: binomial & poisson
distribution, interval estimation, survey sampling method, one-way &
two-way anova, time series techniques: moving average, weighted moving average,
seasonally adjusted moving average, simple exponential smoothing,
autoregressive models, etc.
- Mendenhall. Introduction
to Probability and Statistics, Duxbury Press,
- Mason and Lind R. D.
Mason. Statistical Techniques in Business and Economics,
Boston : 1972
- Mills. Statistics
for Applied Economics and Business,
INTERMEDIATE MICROECONOMIC THEORY I
This is a follow-up course to ECO 1301. Topics include
analysis of consumption theory with the use of indifference curve that also
extends to cover intertemporal consumption and costs of information. On
production side, topics covered are the theory of production and cost, the
birth of the firm, different types of markets in terms of structures and
behavior, and introductory game theory. Price determination in factor
markets, general equilibrium analysis, introductory welfare economics and
market failures are also covered.
- A. Koutsoyiannis. Modern Microeconomics, Macmillan Press Ltd., 1979
- W. J. L. Ryan and D. W.
Pearce. Price Theory,
- H. Varian. Microeconomic
INTERMEDIATE MACROECONOMIC THEORY I
This is a follow-up course to ECO 1302. Topics covered
are: determination of equilibrium in product market, money market, and foreign
exchange market with the use of IS-LM-BP model, as well as changes in
equilibrium. It also studies interaction of product market and labor
market, the model of aggregate demand and aggregate supply in closed and open
economies. Other topics covered are inflation, unemployment, the Phillips
curce, stabilization policies, growth theory, New Keynesian economics and the
real business cycle theory. Application of macroeconomic theory to
analyze economic situations are also included.
- R. Dornbusch, S. Fisher,
and S. Richard. Macroeconomics, McGraw-Hill, 2000
- William H. Branson. Macroeconomic
Theory and Policy, Harper & Row, 1989.
MATHEMATICS FOR BUSINESS AND ECONOMICS II
Application of mathematical tools such as integrals,
calculus, differential equation and difference equations for explaining dynamic
economic phenomena as well as locating time path and stability of variables in
the context of both microeconomics and macroeconomics. A study of dynamic
input-output models is also covered.
- A. C. Chiang. Fundamental
Methods of Mathematical Economics, McGraw-Hill,
- T. Yamane. Mathematics
for Economists: An Elementary Survey, Prentice Hall,
- Edward T. Doeling. Introduction to Mathematical Economics, McGraw-Hill,
INTRODUCTION TO ENVIRONMENTAL AND NATURAL RESOURCE
The course aims at exploring and examining human
relationship between with environment in developing countries with special
Topics covered include surveys of the economic, cultural, social and political
aspects of human population dynamics, food resources and hunger, mineral and
energy resources, land and water pollution, wilderness and wildlife resources,
urban and rural land usage, and toxic waste management from environmental and
conservation view points. The course evaluates government policies on
above issues. It also makes recommendations and probes possible solutions
to contemporary resource and environmental problems of
- Tom Tietenberg. Environmental and Resource Economics, Pearson/Addison Wesley,
- Jon M. Conrad. Resource
University Press, 1999
- Henk Folmer, H. Landis
Gabel. Principles of Environmental and Resource Economics: A
Guide for Students, E. Elgar, 1995.
INTERMEDIATE MICROECONOMIC THEORY II
This is a follow-up course of ECO 2301. It is a study
microeconomic theory with an emphasis on utilizing mathematical tools to
analyze various economic issues, such as consumer behavior, revealed
preferences, intertemporal consumption, consumption and risk, and theory of
production and cost. Topics covered also include market structures and
behavior, game theory, factor markets, general equilibrium and welfare
economics, and impacts of externalities and public goods, and asymmetric
information on level of welfare.
- J. M. Henderson, R. E.
Quandt. Microeconomic Theory: A Mathematical Approach,
McGraw-Hill Kogakusha Ltd, 1971
- W. Breit, Harold M.
Hochman(ed). Readings in Microeconomics, Dryden Press, 1971
INTERMEDIATE MACROECONOMIC THEORY II
This is a follow-up course to ECO 2302(Intermediate
Macroeconomic Theory I). The purpose of the course is to deepen the
understanding of the students with respect to the working of the macro economy
and its interface with macro policy.
The course begins with a brief review of the basic
macroeconomic concepts and the Aggregate Demand-Supply model. The core
material is divided into three components: (a) Inter temporal economics, (b)
Monetary economics, and (c) Output determination, stabilization and
growth. Consumption, savings and investment theories are discussed in
detail under the first component. Monetary economics deals mainly with the
demand for money, and the interrelationship of money, exchange rate and
prices. The last component presents an advanced exposition of output
determination model in the IS-LM framework, and also covers stabilization
issues relating to link between inflation and unemployment, business cycle
theories and theories of growth.
- Jeffrey D Sachs and Felipe
Larrian B. Macroeconomics in the Global Economy
Prentice Hall, 1993
- William J. Branson Macroeconomic
Theory and Policy, Hraper & Row, 1989
- Amitava Bose, Debraj Ray,
and Abhirup Sarkar. Contemporary Macroeconomics, Oxford
University Press, 2001.
- R. Dornbusch, S. Fischer,
and S. Richard. Macroeconomics, McGraw-Hill, 2000.
MONEY AND BANKING
The course is an introduction to the monetary system.
Topics include understanding money, macroeconomic role of money, the role of
the banking system in the functioning of monetary policy, principles of
managing commercial banks, efficient loan portfolio management, the theory,
functions and role of the central bank.
- Frederic S. Mishkin. The
Economics of Money, Banking, and Financial Markets,
College Publications, 1995
- Miller, R. L. and
Pulsinelli, R. W. Modern Money and Banking,
- David R. Kamerschen. Money
and Banking, South-Western Pub.
PUBLIC FINANCE: REVENUE
The course introduces the basic principles of taxation from
an economic rather than an accounting perspective. The themes of the
course are the incidence and efficiency of taxes – who ends up paying a tax and
how people change their behavior to avoid a tax.
- Harvey S. Rosen. Public
Finance (seventh ed.) , McGraw-Hill, 2005
- Edward K. Browning and Jacquelene
M. Browning. Public Finance and the Price System, (fourth
ed.), Macmillan Publishing Company, 1994
- Joseph E. Stigtlitz. Economics
of the Public Sector (third ed.), W. W. Norton & Company, 2000.
PUBLIC FINANCE: EXPENDITURE
This course analyzes the determinants and properties of
government expenditures and social regulation. The first part of the course is
generic: It adresses efficiency and equity in income redistribution; the
provision of public goods; coping with externalities, addiction and risk; and
voting and bureaucracy. The second part of the course is particular: It
examines health policy, education policy, statutory pensions, and welfare
policy in a comparative international context.
Joseph E. Stigtlitz. Economics of the Public Sector
(third ed.), W. W. Norton & Company 2000.
Edward K. Browning and Jacquelene M. Browning.
Public Finance and the Price System, (fourth ed.), Macmillan Publishing
Harvey S. Rosen. Public Finance (seventh ed.) ,
INTERNATIONAL TRADE AND FINANCE
This course intends to examine the functioning of
international economy. More specifically, it aims at providing the
learners with a reasonable degree of understanding of
a. the principles that govern world trade and
b. the factors that determine the direction of trade;
c. the effects of various policies that obstruct the
free flow of trade;
d. regional and international organizations that are
designed to promote orderly
functioning of the trading system;
e, international financial relations.
Topics to be taught in this course include foundations of
modern trade theory; sources of comparative advantage; tariff and
non-tariff barriers to international trade; trade policies for the developing
nations; balance of payments and foreign exchange market; exchange rate
adjustments and balance of payments; international banking, reserves, debts,
· Mordechai E.
Krenin. International Economics: A Policy Approach, The
· Robert J.
Carbaugh. International Economics, Thomson South-Western, 2004.
Sodersten. International Economics, Palgrave Macmillan, 1994
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. Topics include meaning and indicators
of economic development, basic correlates of the growth process that include
poverty and income distribution, sustainable development, foreign aid
dependence, agricultural transformation and rural development, international
trade and the new international economic order, structural adjustment policies,
political economy of good governance, etc.
- Michael P. Todaro. Economic
Development in the Third World, Longman Publishing Group, 1981
- Gerald M. Meier. Leading
Issues in Economic Development, Oxford
University Press, 2005
SOCIOECONOMIC PROFILES OF
The objective of the course is to acquaint the students with
the current status of
in major areas of economic and social development. The course will focus
on the country’s achievements in each of these areas, the problems and
constraints that need to be addressed and the desirable direction of future
policies. Topics covered include (a) income and growth as indicators of welfare,
(b) level and growth in income in Bangladesh – the underlying factors, (c)
structural change of GDP in terms of national income equation and sectoral
contribution, (d) fiscal policy, budget deficit and inflation, (e) financial
sector – banks and the capital market, (f) external trade – performance and
policies (g) macroeconomic dimensions of aid dependence, (h) trends and policy
imperatives for poverty alleviation, (i) safety net programs, (j)
education and health (k) population dynamics, and (l) unemployment.
- Bangladesh Bank, Policy
Analysis Unit. Monetary Policy Review, bi-annual
- Bangladesh Bank. Financial
Sector Review, bi-annual
- Bangladesh Bank. Bangladesh
Bank Bulletin, quarterly
- Ministry Finance, Finance
Department. Bangladesh Economic Review, yearly
- World Bank. Various
sector policy review
- CPD. Independent
Application of statistical and economic theories in
analyzing economic data including parameter estimation using ordinary least
squares(OLS) technique and hypothesis testing. Coverage of study involves
single and multiple regressions. Other estimation techniques such as
generalized least square(GLS) and comparison between various techniques and the
use of computer application in practice are also covered.
- D. N. Gujarati. Basic
Econometrics (Third edition Edition), McGraw-Hill, 1995
- J. Johnston. Econometric
Methods (Third Edition), McGraw-Hill, 1984.
- G. S. Maddala. Econometrics(Second edition),
New York: 1977
GLOBALIZATION AND HISTORY
Globalization after 1492: first globalization boom
1800-1914, autarkic retreat 1914-1950, second globalization boom since 1950.
Uses history to explore sources and impact of world market integration,
emerging global capital markets, and mass migrations. Does going global foster
growth? Who gains and who loses? Why doesn’t more capital flow to poor
countries? Why don’t more poor people migrate? Who votes for protection? Who
votes for migration restriction? The course will help students answer
· Kevin H.
O’rourke. Globalization and History: The Evolution of a Nineteenth-Century
Atlantic Economy, MIT Press
HISTORY OF ECONOMIC THOUGHT
The course is a study of the development of economic
thoughts starting from the pre-classical period up to the late twentieth
century. Topics covered are agriculture related doctrines, mercantilism,
classics, neoclassic, Keynesian, socialism, post-Keynesian, and institutional
economics. Emphasis is given to the underlying philosophies, their
essences, and the influences of economic problems on evolution of economic
thoughts in each period.
- E. K. Hunt. History
of Economic Ideas – A Critical Perspective, Wadsworth,
- Gerald M. Meier, Joseph E.
Stiglitz. Frontiers of Development Economics: The Future in
Perspective, World Bank and
University Press, 2000
- Ekelund and Hebert. A History of Economic Theory and Method, McGraw-Hill, 1983.
The objective of the course is to make the students familiar
with the art of using different research methods and techniques. Topics
include the technique of defining a research problem, various research design
and their characteristics, describing different measurement and scaling techniques,
methods of collection, processing and analysis of data, sampling
fundamentals, and the theory of estimaton
- C. R. Kothari. Research
Methodology: Methods and Techniques(Second Edition), New Age
- Gideon Sjoberg. Methodology
of Social Research, HarperCollins, 1968
- H. M. Blalock and N. B.
Blalock. Methodology in Social Research, McGraw-Hill, 1971
- Kumer, Ranjit. Research
methodology : a step-by-step guide for beginners (second ed.), SAGE Publications, 2005.
- Jain, Mahesh K. Research
methodology and statistical evaluation, (
Shree Publishers, 2005
In this course, each student will write a research monograph
on a topic of his/her choice. She/he will be supervised by a
faculty. It is expected that in this research s/he will be able to
synthesize a research problem.
OPEN ELECTIVE ECOI COURSES
AGRICULTURAL ECONOMICS AND AGRIBUSINESS
Topics include - The Farm and Food System. Consumer Behavior
and Demand. Producer Decision Making: Single-Variable Input Functions. Producer
Decision Making: Two-Variable Inputs and
Selection. Production Costs, Supply, and Price Determination. Competition and
the Market. Imperfect Competition and Market Regulation. Financial Picture of
Agriculture. Agricultural Price and Income Policies. Marketing Agricultural
Commodities. Natural Resources. Rural Development. International Economics.
Agriculture's Role in Economic Development. Global Food Demand and Supply.
Required Text :
· Drumond, H
Evan. Agricultural Economics, (second ed.), Prentice Hall, 2004
· Cramer, Gail L.
Agricultural Economics and Agribusiness, (eighth ed.), John Wiley, 2001
Snoddgrass, Luther T. Wallace. Agriculture, Economics and
Resource Management, Prentice-Hall 1980.
THE UNDERGROUND ECONOMY
ECO 317 is the study of all commerce (or, transactions of
economic value) on which applicable taxes are evaded with special reference to
It includes not only the legally prohibited commerce(for example, drugs,
prostitution, and gambling), but also trade in legal goods and services because
some income is not reported and consequently taxation is evaded. Topics
covered include the origins, size, structure, and operation of the
‘underground’ sectors of modern economies, and their consequences.
Special emphasis will be given on trade in internationally contraband items
like guns and drugs, and money laundering through the world financial system.
- Christopher Bajada,
Friedrich Schneider. Size, Causes And Consequences of the
Underground Economy: An International Perspective, Ashgate
Publishing Ltd., 2005
- Owen Lippert, Michael
Walker. The Underground Economy: Global Evidence of its Size and
Impact, Fraser Institute, 2007
INTERNATIONAL ECONOMIC COOPERATION AND TRADE NEGOTIATION
ECN 3329 is a study of the international trade negotiations
and controls in the form of trade agreements, in terms of both bilateral and
multilateral aspects, regionalism and trade blocks, and the role of
supernational organizations such as World Trade Organization in world
trade. Topics covered also include international disputes in trade of
goods and services as well as trade related investment, and international
negotiations and regulations relevant to developing countries. Case
studies of trade regulations in practice are also discussed.
- Joeph E. Stiglitz. Trade for All: how Trade can Promote Development, Oxfrd
University Press, 2005.
ECONOMIC DEVELOPMENT IN SOUTH ASIA
has performed well over the past 25 years in reducing poverty, improving human
development and increasing growth, but faster progress with poverty reduction
will require a higher rate of growth. This course shows that the development
performance is not a puzzle but largely explained by good policies. Countries
in the region have maintained good macroeconomic environments, opened up their
economies to greater domestic and international competition, and reduced the
role of corrupt and inefficient public enterprises.
Moazzem Hossain. South Asian Economic Development: Transformation,
Opportunities and Challenges (Routledge Siena Studies in Political Economy)
Health economics applies the tools of economics to the
issues of the organization, delivery, and financing of health care. The objectives
of the course are to (1) develop an understanding of the relevance of economic
concepts to the health care sector, (2) to describe the system of
health care financing and delivery arrangements in the health care sector, and
(3) to impart an understanding of the role of economic factors in the
development of public policy concerning health and health care.
- Ceri Phillips. Health
Economics: An Introduction for Health Professionals, Blackwell
- Charles E. Phelps. Health
Economics, Addison Wesley, 2003.
- Peter Zweifel, Friedrich
Breyer, Matthias Kifmann. Health Economics, Springer, 2007.
- Folland, S. A. C. Goodman
and Miron Stano. The Economics of Health Care, Prentice Hall,
- Drummond, M. F. et. al. Method
for the Economic Evaluation of Health Care Programs,
TRADE THEORY AND POLICY
Study of the international trade theories including
comparative advantage , Heckscher-Ohlin model, and new trade theories such as intra-industry
trade models. On policy side, the course covers analysis international
trade policy and measures, as well as international economic integration and
policy regarding international investment and development.
- Ali Mohammad El-Agraa. Trade
Theory and Policy: Some Topical Issues, Macmillan, 1984
- A. K. Dasgupta. Trade
Theory and Commercial Policy in Relation to Underdeveloped Countries,
Asia Publishing, 1965
- Fidelis Ezeala-Harrison. Theory
and Policy of International Competitiveness, Praeger/Greenwood, 1999.
This course is the first semester of the course designed to
give you the tools to answer this question, and others, as well as to help you
understand how these tools are constructed, and what their limitations are.
Topics include: Probability Axioms. Combinatorics.
Conditional Probability. Random Variables, Expectation and Variance. Important
Discrete Random Variables Distribution Functions, Random Variables with
densities, Some special densities, Random samples, Statistics and functions of
randoom variables. Markov's inequality and Chebychev's inequality, Functions of
random variables continued, Transformations of vector valued random
variables. and some Some facts about matrices
· R. B. Ash. Basic Probability Theory(ISBN 471-03450-9)
· W. Mendenhall,
D. Wackerly and R. L.
Scheaffer. Mathematical Statistics with Applications(ISB 0-534-92221-X)
MATHEMATICAL STATISTICS II
This course is a follow-up course of ECO 4326. Topics
include: Student's t statistic, Limiting Distributions; Laws of Large Numbers;
Multivariate Normal Distribution; Covariance and Correlation Coefficients; Conditional
Distributions; Basics of Hypothesis Testing; Tests Based on the Central Limit
Theorem. Bayes Tests. Exponential Families of Distributions. Attained
Significance Levels. Power and Type II Errors. The Neyman-Pearson Lemma and its
Consequences. Non-parametric Tests ; Convergence to the Standard
Distribution.;Criteria for Estimation; The Information Inequality; The General
· R. B. Ash. Basic Probability Theory(ISBN 471-03450-9)
· W. Mendenhall,
D. Wackerly and R. L.
Scheaffer. Mathematical Statistics with Applications(ISB
ECONOMICS OF GENDER
Gender economics is the study of economic participation of
each gender, their differences in time allocation for market and non-market
activities, and factor determining such differences such as inequality of
opportunities in human capital investment, and in labor market. It also
includes an analysis of gender discrimination in the labor market.
- Hoffman, Saul D. and Susan L
Averett. Women and the Economy: Family, Work and Pay,
- Feiner, Susan, Marianne
Ferber, and Anne Winkler. The Economics of Women, Men and Work(Fouth
edition), Prentice Hall, 1998.
- Jacobsen, Joyce. The
Economics of Gender(Second edition),
MICRO-FINANCE: THEORY, PRINCIPLES AND PERFORMANCE
The course aims at an acquaintance with the definition,
concepts, operation of micro finance and the differences it has made to the
life and living of the poor. Topics covered include: necessity of
micro-credit in poverty alleviation, controversy over the interest rate charged
by the micro-finance institutions, assessment of the micro-credit programs as
well as provider institutions, empowerment of the disadvantaged groups
including women, future challenges facing micro-finance in Bangladesh,
regulatory framework for an efficient and transparent delivery of microfinance
institutions shall also be discussed.
- Muhammad Yunus and Alan
Jolis. Banker to the Poor: Micro-lending and the battle against
world poverty, Public Affairs, 1999.
- Thomas Fisher and M.S.
Sriram. Beyond Micro Credit: Putting Development back into
Microfinance, Oxfam, 2002
- Salehuddin Ahmed and M. A.
Hakim (edited). Attacking Poverty with Micro Credit, UPL, 2004
ADVANCED TOPICS IN DEVELOPMENT ECONOMICS
This course examines recent development in theories of
growth and transformation in the context of developing economies and
concentrate in key areas of concern to those responsible for development
policy: trade, famine, income distribution, education, gender relations,
corruption, and civil conflict.
- Joseph E. Stiglitz, Gerald M. Meier. Frontiers of Development Economics, World Bank Publications, 2000
- Ray Debraj. Development
University Press, 1998
THE POLITICAL ECONOMY OF UNDERDEVELOPMENT
The division of the world into rich and poor nations, and
the division within poor nations between a minority of rich people and a
majority of poor people living at a minimum subsistence level, has been obvious
to careful observers for a long time. This course gives an overview of the
problems of underdevelopment confronting third-world countries, making use of
both Marxist and neo-Keynesian methods of analysis. It makes clear the
historical origins of these contemporary problems, particularly with reference
to the major countries of
America, and discusses the ways in which inequalities, both within
and between countries, are propagated and perpetuated. Other problems analyzed
are the typical patterns of fluctuating growth faced by third-world countries;
the social structures in both rural and urban areas and their influence on the
behavior of governments and private investors in these countries; and
environmental control and population planning issues faced by these countries.
Finally, an introduction is provided to the planning methods adopted by most
third-world countries and the hurdles such planning has encountered. The
illustrations are drawn widely from among third-world countries.
- Amiya Kumar Bagchi. The
Political Economy of Underdevelopment Series: Modern Cambridge Economics Series (ISBN-13: 9780521284042 | ISBN-10: 052128404X)
ECONOMICS OF INFORMATION AND UNCERTAINTY
Topics covered in this course include moral hazard, adverse selection
in the game theoretic models, individual and social choices under incomplete
and imperfect information.
- Birchler, U. W., and M.
Butler. Information Economics, London:
- Mas-Collel, Andreu, Michael
D. Whinston, and Jerry R. Green. Microeconomic Theory,
University Press, 1995.
This course is designed towards explaining the forces
underlying supply of labor, the allocation of labor among competing uses, the
extent and incidence of unemployment, the determination of wages, and the
nature and causes of wage differential. It also includes the study of a
major economic institution – the trade union—that is very different from the
firm and whose behavior is not covered by the main body of economic
theory. The economics of education and training, and alternative theories
of discrimination in labor market are also covered.
- McConnel, C. R. and Bruce,
S. L., Contemporary Labor Economics. New
York: McGraw-Hill Company, 2002.
- Rees, Albert, The
Economics of Work and Pay. New York: Harper & Row, 1973
Industrial Organization is the study of firms in the
markets. It focuses on firm behavior in imperfectly competitive markets
that is the focus of basic microeconomic courses. The field analyzes the
acquisition and use of market power by firms, strategic interactions among
firms, and the role of government policy. The course will be applied from
both theoretical and applied perspectives.
Carlton and Jeffrey M. Perloff. Modern Industrial
Organization, (4th edition), Addition – Wesley Series in
· Jeffrey Church
and Roger Ware. Industrial Organization : A Strategic Approach, (1st
edition), Irwin McGraw-Hill, 2000.
· Pepall, L., D.
J. Richards, and G. Norman. Industrial Organization: Contemporary
Theory and Practice, Thomson-Southwestern, 2005.
GAME THEORY AND APPLICATION
Game theory is the study of strategic behavior in situations
in which the decision makers are aware of the interdependence of their actions.
This course introduces the basic notions of game theory with an emphasis on
economic applications. The topics covered are static and dynamic games with
complete information; static and dynamic games with incomplete information; and
the refinements of equilibrium concepts. The main applications will be in
industrial organization: examples include competition and cooperation in the
Cournot and Bertrand oligopoly, durable goods monopolist, entry deterrence,
predation, price discrimination, and commitment. Applications to other fields,
such as job market signaling, efficiency wages, bargaining, provision of public
goods, and monetary policy will be discussed as well.
Required Text :
· Drew Fundenberg,
Jean Tirole. Game Theory, MIT Press, 1991
Romp. Game Theory: Introduction and Applications,
Eichberger. Game Theory for Economists, Academic Press, 1993.
This course intends to equip the students with the tools of
microeconomic analysis to solve the business decision problems as well as
macroeconomic analysis to understand business environment. More
specifically, the objectives of the course are as follows:
a. Develop a reasonable understanding of the concepts,
principles and methods of micro
and macroeconomic analysis.
b. Develop the knowledge and skill to apply the tools
students learned in microeconomic
and macroeconomic theories to
business problems. For instance, designing the
optimal channels of distribution
and compensation packages, and determining the
profitability of an industry.
c. Generate the interest to pursue the study and apply
economics in other spheres of life.
Topics to be taught in this course include risk analysis
using various uncertainty models, and decision rules; microeconomic techniques
to analyze production efficiency, optimum factor allocation, cost, economies of
scale, and estimation of firm’s cost function. Microeconomic techniques
to analyze various pricing decisions, including transfer pricing, joint product
pricing, price discrimination, price elasticity estimation, and choosing the
optimum pricing method.
Required Texts :
· David Begg and
Damian Ward. Economics for Business, McGraw-Hill, 2003.
· Edward K
Browning and Mark Zupan. Microeconomic Theory and Applications, John
Wiley & Sons, 2002.
R. McConnel and
Brue. Macroeconomics: Principles, Problems, and Policies ,(15th
edition), McGraw-Hill, 2000.
Topics include Principles, Objectives, Instruments, and
Institutions dealing with environmental policies, Cost Benefit Analysis,
Environmental and Public Finance Aspects of the Taxation of Energy, Sustainable
Development and Policy , Making Things Stick: Enforcement and Compliance.
Political Economy of the Kyoto Protocol, Bartering Biodiversity: What are the
Options?, Water Pollution and Abstraction and Economic Instruments, Transport
and the Environment, Landfill Levy, etc
Dieter Helm. Environmental Policy: Objectives,
Instruments, and Implementation
The course aims to give students an in-depth understanding
of the techniques used in constrained optimisation problems and to ensure
students can apply these techniques to a wide range of economic problems. By
the end of the course the students should fully comprehend the Lagrange and
Kuhn-Tucker theorems and be able to work with abstract logical arguments; have
mastered the applications of these techniques and this way of reasoning to a
diverse range of economic problems such as choice under uncertainty, general
equilibrium theory and the pricing of securities.
· Ljungqvist and
Sargent. Recurssive Macroeconomic Theory, MIT Press, 2001.
· Simon and Blume.
Mathematics for Economists, W. W. Norton, 1994
· Barro and
Sala-i-Martin. Economic Growth, McGraw-Hill, 1995.
Urban economics deals with the nature and development of
urban areas. The analytical section of the course will cover topics like
the location of firms and households in an urban spatial context, the size
distribution of urban areas, the theory of land rent, and optimal city size.
Various urban problems such as poverty, racial segregation,
discrimination, and pollution and environmental quality are discussed.
Other policy questions deal with congestion tolls and efficient highway
investment, land use regulation, central city fiscal problems, and alternative
· Arthur O’
Sullivan. Urban Economics (sixth Edition), McGraw-Hill, Irwin,
· Robert L. Bish,
Hugh O Nourse. Urban Economics and Policy Analysis, McGraw-Hill,
Nazrul. Urban Research in
Centre for Urban Studies,
PROJECT ANALYSIS AND EVALUATION
The course deals with project selection, institutional
framework, cost-benefit analysis, Net Present Value(NPV), and Internal
Rate of Return. It also covers measuring the profitability of a project
under different goals, framework of project proposal, logical framework
analysis, and project monitoring and evaluation with special reference to the
practice and culture of project planning system in
- H. Craig Davis. Regional
Economic Impact analysis and Project Evaluation,
British Columbia Press,
- Pedro Belli, Jock R.
Anderson, Howard N. Barnum, John A. Dicxon, and Jee Peng Tan. Economic
Analysis of Investment Operations: Analytical Tools and Practical
applications, World Bank Publication, 2001.
ENERGY ECONOMICS AND POLICY
Energy economics is the field that studies human utilization
of energy resources and energy commodities and the consequences of that
utilization. Topics covered include the roles of alternative market and
regulatory structures on energy related activities by economic agents—firms,
individuals, and government; economic distributional impacts, and environmental
consequences; security dilemma; conservation, and future policy direction.
· Ferdinand E.
Banks. Energy Economics : A Modern Introduction, Springer, 2000.
· Gregory A.
Daneke. Energy Economics, and Environment: Towards a Comprehensive
D. C. Heath, 1982.
Munasinghe, Gunter Schramm. Energy Economics, Demand Management, and
Conservation, Van Nostrand Reinhold, 1983.
Topics include the classical linear regression model and its
extension including generalized least squares and the theory and application of
F-tests. The maximum likelihood principle is introduced, as are
alternative approaches to testing. A central goal is to provide students
with the necessary skills and knowledge to use and to correctly interpret the
output from econometric software packages such as TSP, SPSS, SHAZAM, STATA.
- Jan Kementa. Elements
of Econometrics(Second Edition), Macmillan,
York: 1977 .
- A. Koutsoyannis. Theory
of Econometrics, Harper and Row,
New York: 1973.
- R. J. Wonnocott and T. H.
Wonnocott. Econometrics(Second Edition), John Wiley and Sons,
econometrics. A modern approach using Eviews & Microfit (Revised Ed.)
· Patterson, K. D.
An introduction to applied econometrics : a time series approach,
St. Martin’s Press,
- Andrew Jones. Applied
Econometrics for Health Economists, (second ed.) Radcliffe Publishing,
2007, ISBN-10: 1-84619-171-8
ECONOMICS OF CLIMATE CHANGE
The course begins with an overview and policy history,
explores the potential impact of climate change on water resources,
agriculture, forests, and other domain, evaluates policies affecting greenhouse
gas emissions, including electricity restructuring, carbon sequestration in
forests, and early reduction programs. In considering options at both the
domestic and international levels, they examine command and control strategies,
energy efficiency opportunities, taxes, emissions trading, subsidy reform, and
inducements for technological progress.
Welfare Economics is a branch of economics that use
microeconomic techniques to simultaneously determine allocative efficiency
within an economy and the income distribution associated with it. Topics
include concepts of Pareto optimality in a market economy, the compensation
criterion, and the social welfare function. It also analyses market
failures using different ways of measuring welfare changes. The course
also covers public choice and the issues of efficient provision of public
goods, government failures, and efficient and optimum taxation, applied welfare
economics, and methods of revealing peoples’ preferences.
· Per Olov
Johansson. An Introduction to Modern Welfare Economics, Cambridge
University Press, 1991.
· Just, Richard et
al. The Welfare Economics of Public Policy, Edward Elgar Publishing,
· Little, I.M.D. A Critique of Welfare Economics,
· Ng, Yew-Kwang. Welfare
LAW AND ECONOMICS
Study of relationship between laws, economics, and
politics. Emphasis is on the use of economic theories for analyzing
rationales of an existence of laws, such as commercial law and property right
law. Topics covered also include the impact of laws on economic behavior.
- Robert Cooter, Thomas Ulen. Law and Economics, Addison-Wesley Longman, 2007
- Eric A. Posner. Law and Economics, Ashgate/Dartmouth, 2001
This course covers introductory material in the area of
international monetary theory and policy. It examines the behavior of international
financial markets, the balance of payments and exchange rates, interactions
between the balance of payments, the exchange rate and domestic economic
activity and ways of organizing the international monetary system.
- Harvey S. Rosen. Public
Finance (seventh ed.) , McGraw-Hill, 2005
- Levi Maurice D.
International Finance(Fourth Edition), McGraw-Hill, 2005
The course covers a wide range of issues to provide a clear
understanding about how to accomplish unique outcomes with limited resources
under critical time constraints, and about learning to manage projects. It
includes nature and scope of project management, importance of project
management under the perspective of a developing country, project
identification, preparation, project appraisal methods, implementation of
project and feed back, post-project evaluation, project scheduling and network
analysis, control principles, management information system in project
- Linn Stuckenbruck et
al. The Implementation of Project Management: The Professional
Handbook, Harper Collins Publishers, 1981
- Harold Kerzner. Project
Management: a systems approach to planning, scheduling, and controlling, John Wiley and Sons,
Study of the principles and ideologies of international
marketing management. Topics covered are business system and factors
affecting international business; globalization concept; international
marketing strategies; imports and exports; foreign investment; problem
analysis regarding international marketing management; and problems regarding
work ethics in international marketing business.
- Philips R. Cateora, John
Graham. International Marketing with Powerweb, McGraw-Hill
- Warren J. Keegan, Mark
Green. Global Marketing (Third Edition), Prentice Hall.