ECONOMICS

 

First Major: Any TEN (10) courses of the following have to be completed for a First Major in Economics (10 X 3) 30 credit hours.

Second Major: Any SIX (6) courses of the following have to be completed for a Second Major in Economics (6 X 3) 18 credit hours.

Minor: Any FOUR (4) courses of the following have to be completed for a Minor in Economics (4 X 3) 12 credit hours.

ELECTIVE/MAJOR COURSES

Course Code

Course Title

Pre-requisite

ECO-4001

Microeconomic Theory

20 core courses including BBA-2209, MAT-2103

ECO-4002

Macroeconomics of Developing Countries

20 core courses including BBA-2209, MAT-2103

ECO-4003

Mathematical Economics

20 core courses including BBA-2209, MAT-2103

ECO-4004

Applied Econometric Models

20 core courses including BBA-2209, MAT-2103

ECO-4005

Development Economics

20 core courses including BBA-2209, MAT-2103

ECO-4006

History of Economic Thoughts

20 core courses including BBA-2209, MAT-2103

ECO-4007

Political Economy

20 core courses including BBA-2209, MAT-2103

ECO-4008

Economics of Natural Resources & Environment

20 core courses including BBA-2209, MAT-2103

ECO-4009

Comparative Economic Analysis

20 core courses including BBA-2209, MAT-2103

ECO-4010

Economics of Technology, Innovation & Development

20 core courses including BBA-2209, MAT-2103

ECO-4011

Bangladesh Economy

20 core courses including BBA-2209, MAT-2103

ECO-4012

Introduction to Game Theory

20 core courses including BBA-2209, MAT-2103

ECO-4013

Industrial Organization

20 core courses including BBA-2209, MAT-2103

ECO-4014

Economic Analysis of Law

20 core courses including BBA-2209, MAT-2103

ECO-4015

Labor Economics

20 core courses including BBA-2209, MAT-2103

ECO-4016

Health Economics

20 core courses including BBA-2209, MAT-2103

Note: Each course equivalent to 3 credit hours

To get diploma certificate from Australian National University (ANU) ECO-4001, ECO-4002, ECO-4003 and ECO-4004 courses have to be completed under the MoU (Memorandum of Understanding) between AIUB and ANU.

COURSE DESCRIPTIONS

ECO-4001: Microeconomic Theory

Pre-requisite: BBA-2209, MAT-2103

This course aims to familiarize the students with the conceptual understanding of microeconomic theories and applications in business and economy. Since a market economy is dependent on the price system to guide in decisions related to production, distribution and consumption of goods and services, Microeconomic theory describes the economic behavior and decisions made by individual economic agents. These behaviors affect relative prices that act as signals in a market economy to guide production and consumption decisions.

ECO-4002: Macroeconomics of Developing Countries

Pre-requisite: BBA-2209, MAT-2103

This course aims to give an opportunity to the students to apply the knowledge gathered in the theoretical macroeconomics. This course will make the students aware of the macroeconomic issues and problems persistently occurring in the developing countries. After completing this course, the students will be able to identify the causes and roots of the macroeconomic problems in their everyday business and economic life.

ECO-4003: Mathematical Economics

Pre-requisite: BBA-2209, MAT-2103

The purpose of this course is to provide a comprehensive exposition of basic mathematical instruments that are commonly used in all fields of economics -microeconomics, macroeconomics, econometrics, international trade and finance, public finance, money and banking, resource and environmental economics, urban and regional economics, labor and human resources and industrial organization. Methods of static analysis, comparative static analysis, and optimization will be introduced. Major emphasis is on illustrating how these tools can be used to analyze theoretical and practical economic problems, which arise in the behaviors of households, firms and markets.

ECO-4004: Applied Econometric Models

Pre-requisite: BBA-2209, MAT-2103

The objective of this course is to show how econometrics can be combined with economic theory to enhance the explanatory powers of economics. The course demonstrates how economic theories can be converted into a simple mathematical form suitable for estimation.

ECO-4005: Development Economics

Pre-requisite: BBA-2209, MAT-2103

This course will offer a brief overview of selected topics in development economics at the introductory level. Following a general introduction to the subject and to the data the course will focus on long-term processes cross-country growth comparisons. The course will discuss the issues of economic development of Bangladesh, India and South Asia since their independence from colonial rule in the late 1940s. Particular attention will be given to their economic liberalization and systemic reforms since the 1990s and their future economic prospects in the global economy.

ECO-4006: History of Economic Thoughts

Pre-requisite: BBA-2209, MAT-2103

This course is an introduction to the history of economic theory. The major phases in the development of economics (in the technical sense) will be studied in this course. However, the aim will be to treat them against the background of their historical environment, including political and social thought and current economic problems. The course will include, but not be confined to, the work of Smith, Ricardo, Marx, Marshall and Keynes.

ECO-4007: Political Economy

Pre-requisite: BBA-2209, MAT-2103

This course looks at how economic outcomes can be affected by politics and the institutional structure underlying it. Topics such as heterogeneity of interests, electoral competition, partisan politics, fiscal and monetary policy, institutional design, political business cycles, politics and growth are addressed. A firm grasps of microeconomic and macroeconomic concepts, and a working knowledge of calculus would facilitate the understanding of the materials.

ECO-4008: Economics of Natural Resources & Environment

Pre-requisite: BBA-2209, MAT-2103

The course deals with the exploitation of exhaustible, renewable, and environmental resources and the public policy issues that arise in seeking their efficient use. Strong connecting threads are the problem of ill-defined property rights in the market allocation of these resources and the importance of comparing costs and benefits across different periods of time in determining their optimal use. The problems of environmental degradation and natural area conservation, with a particular focus on the alternative policy tools and evaluation procedures that are available to governments to moderate pollution and other forms of environmental damage are examined in depth.

ECO-4009: Comparative Economic Analysis

Pre-requisite: BBA-2209, MAT-2103

This is a course in the comparative analysis of variant types of capitalist and non-capitalist social formations and the transition of social formations from one set of prevalent characteristics to a new and radically different set. This courses discusses the theoretical problems in applying current economic theories (neoclassical, Marxian, and institutionalist) to the comparative analysis of social formations. This course will have critical discussions of the most basic economic concepts and logics in an attempt to separate science from polemics and to develop new conceptual tools appropriate to the analysis and differentiation of economic systems.

ECO-4010: Economics of Technology, Innovation & Development

Pre-requisite: BBA-2209, MAT-2103

This course will cover the contribution of technical change and innovation to economic growth and development. Sources of productivity growth, decline, and convergence, the economics of research and development, the role of economic and social factors in the generation and diffusion of technical change, the impact of regulation on technical change and productivity growth, and other issues in science and technology policy will be discussed in this course to stimulate new thought process.

ECO-4011: Bangladesh Economy

Pre-requisite: BBA-2209, MAT-2103

This is an introductory course in Bangladesh Economy, dealing with the overall performance of our economy; what the country achieved, what is missed and of why the country lags behind. The fight for a separate homeland and the independence of Bangladesh was to attain socio-economic and political uplift in a regime of self-determination. Thirty-five years may not be enough for a nation to successfully grapple with its multifarious socio-economic and political conundrums. But when countries of similar age, size and syndromes are found running fast on the track of growth and development, the age of nationhood for Bangladesh does not appear very short. This course discusses these issues and highlights the performance of the country in different fields and the recent trend in Bangladesh economy. The course will also discuss the issues of economic development of Bangladesh since its independence.

ECO-4012: Introduction to Game Theory

Pre-requisite: BBA-2209, MAT-2103

Game theory is the study of multi-person decision problems. This is an introduction to the game-theoric models that can be applied into trading processes, behavior of a firm in input and output markets, and at international levels to where countries choose tariff and other trade

ECO-4013: Industrial Organization

Pre-requisite: BBA-2209, MAT-2103

Industrial Organization studies why firms exist, what accounts for their internal structure, how they interact with consumers, financiers and each other, and the basis for regulatory policy. In this course the students will learn to develop the ability to apply the tools of learn to develop the ability to apply the tools of modern microeconomics issues in industrial organization. This will enable them to show the usefulness of these ideas in understanding real world firms and industries. Students of industrial organization depart from the competitive model by analyzing the behavior of firms and its impact on market structure, pricing and profits. This course looks at various theories about the organization of firms and industries, focusing particularly on the strategic interactions amongst firms.

ECO-4014: Economic Analysis of Law

Pre-requisite: BBA-2209, MAT-2103

The course provides an introduction to the pervasive nature of business law and economics. It offers a coherent view of the legal and economic framework affecting the operation of business and the economy. It presents the effects of antitrust laws and their enforcement on the market organization and performance of the economy. It also develops to utilize the skills and knowledge gained throughout the course in solving practical problems involving both law and economics. Students will be made aware of how law can affect business decisions and when business should seek professional advice.

ECO-4015: Labor Economics

Pre-requisite: BBA-2209, MAT-2103

This course provides a theoretical and empirical discussion of labor markets. The labor relations and the dynamics of the labor market are discussed in considerable details. Topics considered will include labor supply and the determinants of hours of work, migration, investments in human capital, labor demand, wage determination, discrimination, internal labor markets, trade unions, and macroeconomic issues related to wages and employment.

ECO-4016: Health Economics

Pre-requisite: BBA-2209, MAT-2103

Increasing pressure on health care budgets worldwide is focusing attention on how best to organize health care systems and the spending within them. This is a non-technical introduction to health economics concepts and how they can be applied at various levels of health policy. The course concentrates on economics of health care systems discussing the role of markets and market failure in health policy, incentives and reform of health care, equity in health care, the evaluation of interventions -cost effectiveness and cost benefit analysis as applied to health care and the economics of health. This course also offers general introduction to current research in the economics of health and medical care, geared to students with significant research interests related with these fields.