BS in Economics

PROGRAM DESCRIPTION

THE BACHELOR OF SCIENCE IN ECONOMICS (BS in ECONOMICS)

Economists study how societies allocate limited resources to achieve competing ends. Students learn to use empirical and deductive methods to analyze incentives, constraints, organizational forms, and market forces to understand patterns of production, exchange, and consumption of goods and services.

It is among the most applied, quantitative, and scientific of the social sciences, yet the most theoretical of all the business subjects. Economists use mathematics, statistics, philosophy, law, psychology, and history to address issues ranging from inflation, unemployment, and interest rates to crime, health care, and the environment.

Therefore, learning Economics has always been fascinating.  The Bachelor of Science (BS) in Economics program, designed by University, aims at providing the most contemporary and innovative curriculum in the subject based upon a compelling philosophy of teaching that allows students to cope with the changes in the world of economics.  At the end of the program each student is expected to demonstrate their learning through a research project paper or a BS Thesis.

The main objectives of the BS in Economics program are  a) to educate students on economics as an essential tool for understanding the complexities of a modern society; b) to produce graduates who will be able to pursue higher studies in economics, business, law, public policy; international studies and other branches of Business and Social Sciences; c) to develop ability to work in domestic or international development organizations as planners and as executives, in firms in the private sector, working as economic consultant or in other capacities; d) to follow the latest developments in economic theory and to challenge the frontiers of knowledge in economics; and e) to contribute to the study of economics through research and scholarship.   

ELIGIBILITY FOR ADMISSION

The minimum qualifications for admission into the BS in Economics program are:

• A CGPA of 2.50 or better in SSC and HSC preferably with science or with mathematics/statistics.
• University of London GCE “O” level with minimum five subjects including Mathematics and “A” level with two subjects.
• Acceptable score in university admission test.
• Admission Test will be waived for candidates securing a minimum score of 1100 in Scholastic Aptitude Test (SAT) and at least 550 in the Test of English as Foreign Language (TOEFL) or 7.0 in English Language Test (ELT) of the British Council.
• Students who have completed a two-year Bachelor’s degree from a recognized university can apply for admission into the four–year undergraduate program in economics. 

COURSE /CREDIT REQUIREMENTS

BS in Economic at university is a program of 120 credits.  As a part of the integrated curriculum in undergraduate programs, courses are of four categories: 

1. a) General Education Courses (GED) of 33 credits in the areas of Social Science, Language, Liberal Arts, Science and Mathematics.
2. b) Core Courses of 60 credits in the area of Economics,
3. c) Open Elective courses in any area(s) selected by students and/or courses from Specialization areas (27 credits)
4. d) Supervised research is compulsory for all students of economics and it is included in the list of courses under Core Courses.

A list of courses and course description are given in Annexure- 1 and Annexure 3, respectively.

SPECIALIZATION AREAS

While the students of BS in Economics are equipped with the basics of economic theories through the core courses, the specialization areas are designed to provide additional flexibility in learning and to endow them to compete in the job market with an edge.

University has, therefore, chosen the following areas of specialization from applied economics and Business for their students.  The specialization areas are:

1. Business Economics
2. Trade and Development Economics
3. Resource and Environmental Economics
4. International Law and Economics

This approach gives students a better idea of what they can do with economics major and provides specialized training in their fields of interest.  However, doing concentration in any of the above areas is not mandatory.

SECOND MAJOR IN ECONOMICS

For undergraduate students enrolled in non-economics programs, knowledge of Economics is considered as an extra advantage in their daily work and in future studies.  Particularly, Economics adds to the value to BBA graduates who would like to pursue higher studies in any branch of Business and Economics.  The undergraduate program in Economics is therefore designed with sufficient flexibility for students of other discipline, particularly business students, to do a second major in Economics.  This opportunity is open to all undergraduate students in ……University who are not enrolled in BS Economics program.  Once a student earns a second major, his/her degree will have a suffix Economics, like BBA (Marketing and Economics), B.Sc. (Computer Science and Economics) and so on. 

Students should notify the Secretary of the Department of Economics by turning in the Declaration of Intent to Pursue the Second Major in Economic.  When the student completes the requirements, the Office of Admission and Records will be notified and the second major in Economics will be included on the student’s transcript.  

Credit Requirements for Second Major in Economics

The credit requirement for second major in Economics will be as follows:

1. Compulsory Core Courses:        39 credits
2. ECO 3XX/4XX level credits:       3 credits

            Total credit requirement:            42 credits

A list of courses is given in Annexure- 2

Program Structure:

Title	Number of Courses	Number of Credits
Required GED Courses	9	27 Credits
Optional GED Courses	2	6 Credits
Core Courses	19	57 Credits
Open Elective Courses	4	12 Credits
Specialization Area Courses	5	15 Credits
Guided Research	1	3 Credits
Total	40	120 Credits

ANNEXURE – 1

BS in Economics

120 Credit Hours

(Curriculum from Fall 2015 to Summer 2018)

LIST OF COURSES

	COURES ID AND TITLE	CREDIT	Pre-Requisite
A: GED Courses		33 Credits
I. Required GED Courses		27 credits
BUS 1101	Introduction to Business	3	None
CST 1206	Computer Applications	3	None
ECO 1303	Mathematics for Business and Economics I	3	MAT 1300
ECO 1334	Statistics for Business and Economics I	3	ECO 1303
ACN 1205	Financial Accounting, I	3	None
ENG 0005	Spoken English	3	None
ENG 1101	Basic English	3	None
ENG 1204	Composition and Communication Skills	3	None
ECO 3226	Bangladesh Studies	3	ENG 1101
II Optional GED courses		6 Credits
ACN 1309	Financial Accounting II	3	None
MAT 1300	Basic Mathematics (or College Math) [Compulsory for those students who have no mathematics in HSC or equivalent level.  This is a prerequisite course to ECO 1303 and must be taken at the point of entry, i.e., in the first semester]	3	None
ECN 3230	Economic Geography	3	ECO 1301
ENV 3227	Fundamentals of Natural Science	3	ECO 1303
ENV 2308	Ecological System and Environment	3	ENG 1204
FIN 2319	Principles of Finance	3	ECO 1334 ACN 1205
HRM 4357	Industrial Psychology	3	PSY 2217
ITR 2311	International Relations	3	ENG 1204
MGT 1307	Principles of Management	3	BUS 1101, ENG 1204
MKT 2320	Introduction to Marketing	3	ECO 1301, ECO 1101
PAM 1301	Introduction to Public Administration	3	ENG 1204
PSY 2217	Introduction to Psychology	3	ENG 1101
SOC 1310	Introduction to Sociology	3	ENG 1101
SOC 2306	Eastern Culture and Heritage	3	SOC 1310
	Any other approved courses from undergraduate curriculum approved by UGC.
B: ECONOMICS CORE COURSES		60 Credits
ECO 2303	Mathematics for Business and                  Economics II	3	ECO 1303
ECO 1301	Introduction to Microeconomics	3	None
ECO 1302	Introduction to Macroeconomics	3	ECO 1301
ECO 1374	Statistics for Business and Economics II	3	ECO 1303, ECO 1334
ECO 2301	Intermediate Microeconomic Theory I	3	ECO 1301
ECO 2302	Intermediate Macroeconomic Theory I	3	ECO 1302
ECO 2360	Introduction to Environmental and Natural Resource Economics	3	ECO 1301
ECO 3303	Intermediate Microeconomic Theory II	3	ECO 2301
ECO 3304	Intermediate Macroeconomic Theory II	3	ECO 2302
ECO 3310	Money and Banking	3	ECO 3304
ECO 3314	Public Finance: Revenue	3	ECO 2301, ECO 2302
ECO 3315	Public Finance: Expenditure	3	ECO 3314
ECO 3328	International Trade and Finance	3	ECO 2301, ECO 2302
ECO 3350	Development Economics	3	ECO 2301, ECO 2302
ECO 3360	Socioeconomic Profiles of Bangladesh	3	ECO 2301, ECO 2302
ECO 3732	Basic Econometrics	3	ECO 1374
ECO 4328	Globalization and History	3	ECO 3328
ECO 4375	History of Economic Thought	3	ECO 1301, ECO 1302
ECO 4390	Research Methodology	3	ECO 1374
ECO 4395	Guided Research	3	All core courses
C: OPEN ELECTIVE COURSES		27 credits
NOTE 1	At least 15 credits must be ECO courses.
NOTE 2	Courses in this category cannot be below 3000 levels
NOTE 3	Students can also complete 27 credits without a specialization area of study.
C1: ECO courses		15 credits
ECO 3316	Agricultural Economics and Agribusiness	3	ECO 1301
ECO 3354	Environmental and Natural Resource Economics II	3	ECO 2360
ECO 3361	Health Economics	3	ECO 1301, ECO 2301
ECO 4350	Labor Economics	3	ECO 3303
ECO 4380	Urban Economics	3	ECO 3314
ECO 4384	Project Analysis and Evaluation	3	ECO 1302, ECO 3303
ECO 4386	Energy Economics and Policy	3	ECO 3303
ECO 4531	Industrial Organization	3	ECO 2301
ECO 4392	Law and Economics	3	ECO 3303, ECO 3304
	Any other approved ECO courses of level 3000 or more
C2: SPECIALIZED AREA COURSES		15 credits
AREA 1	QUANTITATIVE ECONOMICS	15 CREDITS
ECO 4326	Mathematical Statistics I	3	ECO 1374
ECO 4327	Mathematical Statistics II	3	ECO 4326
ECO 4349	Economics of Information and                  Uncertainty	3	ECO 3304
ECO 4353	Game Theory and Applications	3	ECO 1302, ECO 3303
ECO 4374	Mathematical Economics II	3	ECO 2303,3303,3304
ECO 4387	Applied Econometrics	3	ECO 3372
ECO 4391	Welfare Economics	3	ECO 3304,
	Any other course added in this area
AREA 2	TRADE AND DEVELOPMENT	15 CREDITS
ECO 3329	International Economic Cooperation   and Trade Negotiation	3	ECO 3328
ECO 4314	Trade Theory and Policy	3	ECO 3328
ECO 3317	The Underground Economy	3	ECO 3328, ECO 2301
ECO 3353	Economic Development in South Asia	3	ECO 1301, ECO 1302
ECO 4333	Economics of Gender	3	ECO 3350
ECO 4343	Micro-finance: Theory, Principles and                  Performance	3	ECO 3360
ECO 4344	Advanced Topics in Development                  Economics	3	ECO 3350
ECO 4348	Political Economy of Underdevelopment		ECO 3350
	any other courses added under this section
AREA 3	SPECIALIZATION: BUSINESS ECONOMICS	15 CREDITS
FIN 3123	Managerial Finance	3	FIN 2319, ECO 1301, ACN 1309
ECO 4343	Micro-finance: Theory, Principles and Performance	3	ECO 3360
ECO 4360	Managerial Economics	3	ECO 1301,
FIN  4219	Security Analysis and Portfolio Management	3
FIN 3337	Principles of Banking and Insurance	3	ECO 1302
FIN 4321	Financial Markets and Institutions	3
FIN 4317	International Finance	3	ECO 3304
IBS 3121	International Business	3	ECO 1302
MGT 3224	Production and Operations Management	3	ECO 1303, ECO 1334
MGT 3341	Project Management	3	MGT 3224
MGT 3229	Entrepreneurship Development	3	ECO 1302, MGT 1307
MKT 4102	Services Marketing	3
MKT 4309	International Marketing	3
	Any other course added in this area.
AREA 4	SPECIALIZATION: RESOURCE AND ENVIORNMENT	15 CREDITS
ECO 4386	Energy Economics and Policy	3	ECO 3303
ECO 3354	Environmental and Natural Resource Economics II	3	ECO 2360
ECO 4387	Applied Econometrics	3	ECO 3372
ECO 3382	Economic Valuation of the Environment	3	ECO 2360
ECO 4388	Economics of Climate Change	3	ECO 3328, ECO 3314
ECO 4366	Environmental Policy	3	ECO 3303
	Any other courses added in this area

ANNEXURE – 2

LIST OF COURSES FOR SECOND MAJOR IN ECONOMICS

(Applicable to non-ECO undergraduate students of UIU)

Code	Title	Credit	Prerequisites
A	CORE REQUIREMENTS	39
ECO 1301	Principles of Microeconomics	3	None
ECO 1302	Introduction to Macroeconomics	3	ECO 1301
ECO 2360	Environmental and Natural Resource                  Economics	3	ECO 1301
ECO 2301	Intermediate Microeconomic Theory I	3	none
ECO 2302	Intermediate Macroeconomic Theory I	3	ECO 1301
ECO 1303	Mathematics for Business and Economics I	3	MAT 1300
ECO 1334	Statistics for Business and Economics I	3	ECO 1303
ECO 2303	Mathematics for Business and                 Economics II	3	ECO 1303
ECO 1374	Statistics for Business and Economics II	3	ECO 1334
ECO 3315	Public Finance: Revenue	3	ECO 3303
ECO 3372	Basic Econometrics	3	ECO 1374
ECO 3303	Intermediate Microeconomic Theory II	3	ECO 357
ECO 3304	Intermediate Macroeconomic Theory II	3	ECO 1301, ECO 1302
B	ECO 3XX/ECO 4XX level credits	3
	from the list of approved economics courses
A + B	Total Credits	42

ANNEXURE- 3

COURSE DESCRIPTION

[BS IN ECONOMICS PROGRAM]

MAT 100

College Mathematics

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 Theorem.

Required Text:

• 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, London: 1984.
• College Mathematics for Business, Economics, Life Sciences and Social Sciences   

            (English) (ISBN: 9780131572256) Prentice Hall

ECO  101

INTRODUCTION TO MICROECONOMICS

ECN 101 introduces 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.

Required Text:

• 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.

ECO 102

INTRODUCTION TO MACROECONOMICS

ECN 102 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 aggregates.

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 individual economies.

Required Text:

• N. Gregory Mankiw.  Macroeconomics, Worth Publisher, 2007
• Campbell R. McConnel and Stanley L. Brue, Macroeconomics: Principles, Problems, and Policies, (15^th edition), McGraw-Hill, 2000.

ECO  203

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.

Required Text:

• A. C. Chiang. Fundamental Methods of Mathematical Economics, McGraw-Hill, London: 1984.
• T. Yamane.  Mathematics for Economists: An Elementary Survey, Prentice Hall, New Delhi: 1973

ECO 134

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.

Required Text:

• Wonnacott and Wonnacott.  Introductory Statistics, Wiley and Sons, New York: 1985
• Harnett and Murphy.  Introductory Statistical Analysis. Addison-Wesley, 1971
• T. Yamane.  Statistics: An Introductory Analysis, Harper and Row, 1967

ECO 174

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.

Required Text:

• Mendenhall. Introduction to Probability and Statistics, Duxbury Press, Boston: 1993
• Mason and Lind R. D. Mason.  Statistical Techniques in Business and Economics, Irwin, Boston: 1972
• Mills.  Statistics for Applied Economics and Business, McGraw-Hill, NY: 1977

ECO 201 

INTERMEDIATE MICROECONOMIC THEORY I

This is a follow-up course to ECN 101.  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.

Required Text:

• A. Koutsoyiannis.  Modern Microeconomics, Macmillan Press Ltd., 1979
• W. J. L. Ryan and D. W. Pearce.  Price Theory, 
• H. Varian.  Microeconomic Theory

ECO  202 

INTERMEDIATE MACROECONOMIC THEORY I

This is a follow-up course to ECN 102.  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.

Required Text:

• R. Dornbusch, S. Fisher, and S. Richard.  Macroeconomics, McGraw-Hill, 2000
• William H. Branson. Macroeconomic Theory and Policy, Harper & Row, 1989.

ECO 203

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.

Required Text:

• A. C. Chiang. Fundamental Methods of Mathematical Economics, McGraw-Hill, London: 1984.
• T. Yamane.  Mathematics for Economists: An Elementary Survey, Prentice Hall, New Delhi: 1973
• Edward T. Doeling.  Introduction to Mathematical Economics, McGraw-Hill, London: 1992.

ECO 260

INTRODUCTION TO ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS

The course aims at exploring and examining human relationship between with environment in developing countries with special emphasis on Bangladesh.  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 Bangladesh.

Required Text:

• Tom Tietenberg.  Environmental and Resource Economics, Pearson/Addison Wesley, 2005
• Jon M. Conrad. Resource Economics, Cambridge University Press, 1999
• Henk Folmer, H. Landis Gabel.  Principles of Environmental and Resource Economics: A Guide for Students, E. Elgar, 1995.

ECO 303 

INTERMEDIATE MICROECONOMIC THEORY II

This is a follow-up course of ECN 201.  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.

Required Text:

• 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

ECO 304

INTERMEDIATE MACROECONOMIC THEORY II

This is a follow-up course to ECN 202(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.

Required Text:

• 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.

ECO 310

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.

Required Text:

• Frederic S. Mishkin.  The Economics of Money, Banking, and Financial Markets, Harper Collins College Publications, 1995
• Miller, R. L. and Pulsinelli, R. W. Modern Money and Banking, McGraw-Hill, Singapore, 1985
• David R. Kamerschen.  Money and Banking, South-Western Pub. Co., 1992

ECO  314

PUBLIC FINANCE: TAXATION

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.

Required Text:

• 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.

ECO 315

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 Pre-req: ECO 314; Credit 3 hrs.

Required Text:

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 Company, 1994

Harvey S. Rosen.  Public Finance (seventh ed.), McGraw-Hill, 2005

ECO 316 

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 Enterprise 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
• Milton Snoddgrass, Luther T. Wallace. Agriculture, Economics and Resource Management, Prentice-Hall 1980.

ECO 317 

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 Bangladesh.  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.

Required Text:

• 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

ECO 328

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

1. the principles that govern world trade and investment;
2. the factors that determine the direction of trade;
3. the effects of various policies that obstruct the free flow of trade;
4. regional and international organizations that are designed to promote orderly

     functioning of the trading system; and

e, international financial relations.

Required Texts:

• Mordechai E. Krenin. International Economics: A Policy Approach, The Dryden Press, Harcourt College Publishers, 1998.
• Robert J. Carbaugh. International Economics, Thomson South-Western, 2004.
• Bo Sodersten. International Economics, Palgrave Macmillan, 1994

ECO 329

INTERNATIONAL ECONOMIC COOPERATION AND TRADE NEGOTIATION

ECN 329 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.

Text Required:

• Joeph E. Stiglitz.  Trade for All: how Trade can Promote Development, Oxfrd University Press, 2005.

ECO 350 

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.  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.

Required Text:

• 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

ECO 353

ECONOMIC DEVELOPMENT IN SOUTH ASIA 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. Required Text: Moazzem Hossain.  South Asian Economic Development: Transformation, Opportunities and Challenges (Routledge Siena Studies in Political Economy) (Paperback)

ECO  360 

SOCIOECONOMIC PROFILES OF BANGLADESH

The objective of the course is to acquaint the students with the current status of Bangladesh 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.

Required Text:

• 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 Review of Bangladesh Economy

ECO 361

HEALTH ECONOMICS

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.

Required Text:

• Ceri Phillips. Health Economics: An Introduction for Health Professionals, Blackwell Publishing, 2005.
• 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, 1993.
• Drummond, M. F. et. al. Method for the Economic Evaluation of Health Care Programs, Oxford University Press, 1987.  

ECO 372

BASIC ECONOMETRICS

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.

Required Text:

• 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), McGraw-Hill, New York: 1977

ECO 414

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.

Required Text:  

• 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.

ECO 426

MATHEMATICAL STATISTICS-I

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. Independence. 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

Required Text:

• B. Ash. Basic Probability Theory (ISBN 471-03450-9)
• Mendenhall, D. D. Wackerly and R. L. Scheaffer. Mathematical Statistics with Applications (ISB 0-534-92221-X)

ECO 427

MATHEMATICAL STATISTICS-II

This course is a follow-up course of ECO 426. 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 Normal Distribution.;Criteria for Estimation; The Information Inequality; The General Linear Model

Required Text:

• B. Ash. Basic Probability Theory (ISBN 471-03450-9)
• Mendenhall, D. D. Wackerly and R. L. Scheaffer. Mathematical Statistics with Applications (ISB 0-534-92221-X)

ECO 428

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 these questions.

Required Text:

• Kevin H. O’rourke. Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy, MIT Press
• Jurgen Osterhammel.  Globalization, Princeton University Press

ECO 433

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.

Required Text:

• Hoffman, Saul D. and Susan L Averett.  Women and the Economy: Family, Work and Pay, Addison-Wesley-Longman, 2004
• 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), Cambridge: Blackwell, 1998.

ECO 443 

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.

Required Text:

• 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

ECO 444

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.

Required Text:

• Joseph E. Stiglitz, Gerald M. Meier.  Frontiers of Development Economics, World Bank Publications, 2000
• Ray Debraj.  Development Economics, Princeton University Press, 1998

ECO 448

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 Asia and Latin America, and discusses the ways in which inequalities, both within and between countries, are propaged 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.

Required Text:

• Amiya Kumar Bagchi. The Political Economy of Underdevelopment Series: Modern Cambridge Economics Series (ISBN-13: 9780521284042 | ISBN-10: 052128404X)

ECO 449

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. 

Required Text:

• Birchler, U. W., and M. Butler.  Information Economics, London: Routledger, 2007
• Mas-Collel, Andreu, Michael D. Whinston, and Jerry R. Green.  Microeconomic Theory, Oxford University Press, 1995.

ECO 450

LABOR ECONOMICS

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.

Required Text:

• 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

ECO 451

INDUSTRIAL ORGANIZATION

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.

• Dennis W. Carlton and Jeffrey M. Perloff. Modern Industrial Organization, (4^th edition), Addition – Wesley Series in Economics
• Jeffrey Church and Roger Ware. Industrial Organization: A Strategic Approach, (1^st edition), Irwin McGraw-Hill, 2000.
• Pepall, L., D. J. Richards, and G. Norman. Industrial Organization: Contemporary Theory and Practice, Thomson-Southwestern, 2005. 

ECO 453

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
• Graham Romp. Game Theory: Introduction and Applications, NetLibrary,Incorporated, 1997
• Turgen Eichberger. Game Theory for Economists, Academic Press, 1993.

ECO 460

MANAGERIAL ECONOMICS

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:

1. Develop a reasonable understanding of the concepts, principles and methods of micro

     and macroeconomic analysis.

1. 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.

1. Generate the interest to pursue the study and apply economics in other spheres of life.

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.
• Campbell R. McConnel and Stanley L. Brue. Macroeconomics: Principles, Problems, and Policies, (15^th edition), McGraw-Hill, 2000.

ECO 466

ENVIRONMENTAL POLICY

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

Required Text:

Dieter Helm.  Environmental Policy: Objectives, Instruments, and Implementation

ECO 474

MATHEMATICAL ECONOMICS

The course aims to give students an in-depth understanding of the techniques used in constrained optimization 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.

Required Text:

• Ljungqvist and Sargent. Recursive 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.

ECO 475

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.

Required Text:

• E. K. Hunt.  History of Economic Ideas – A Critical Perspective, Wadsworth, California, 1976.
• Gerald M. Meier, Joseph E. Stiglitz.  Frontiers of Development Economics: The Future in Perspective, World Bank and Oxford University Press, 2000
• Eklund and Hebert.  A History of Economic Theory and Method, McGraw-Hill, 1983.

ECO 480

URBAN ECONOMICS

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 educational policies.

Required Text:

• Arthur O’ Sullivan. Urban Economics (sixth Edition), McGraw-Hill, Irwin, 2007
• Robert L. Bish, Hugh O Nourse. Urban Economics and Policy Analysis, McGraw-Hill, 1978.
• Islam Nazrul. Urban Research in Bangladesh, Centre for Urban Studies, Dhaka, 1994.

ECO 484 

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 Bangladesh.

Required Text:

• H. Craig Davis.  Regional Economic Impact analysis and Project Evaluation, University of British Columbia Press, 1990.
• 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.

ECO 486

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.

Required Text:

• Ferdinand E. Banks. Energy Economics: A Modern Introduction, Springer, 2000.
• Gregory A. Daneke. Energy Economics, and Environment: Towards a Comprehensive Perspective, Lexington Books, D. C. Heath, 1982.
• Mohan Munasinghe, Gunter Schramm. Energy Economics, Demand Management, and Conservation, Van Nostrand Reinhold, 1983.

ECO 487 

APPLIED ECONOMETRICS

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.

Required Text:

• Jan Kementa.  Elements of Econometrics (Second Edition), Macmillan, New 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, 1979

• Applied econometrics. A modern approach using Eviews & Microfit (Revised Ed.) ASTERIOU Dimitrious
• Patterson, K. D. An introduction to applied econometrics: a time series approach, New York: St. Martin’s Press, 2000.
• Andrew Jones. Applied Econometrics for Health Economists, (second ed.) Radcliffe Publishing, 2007, ISBN-10: 1-84619-171-8

ECO 488

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.

Required Text:

• The Economics of Climate Change: The Stern Review, Nicholas Stern / Cambridge University Press
• The Economics of Climate Change, Anthony David (edt) Owen / Routledge
• Economic Development, Climate Change and the Environment Ajit Sinha / Routledge
• Climate Change and Developing Countries , Nijavalli H. Ravindranath / Kluwer Academic Publishers

ECO 490

RESEARCH METHODOLOGY

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

Required Text:

• C. R. Kothari.  Research Methodology:  Methods and Techniques (Second Edition), New Age International Publisher,2004
• 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, (New Delhi, India) Shree Publishers, 2005

ECO 491

WELFARE ECONOMICS

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.

Required Text:

• 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, Cheltenham and Northampton, 2004
• Little, I.M.D. A Critique of Welfare Economics, Oxford, 2002
• Ng, Yew-Kwang. Welfare economics, London: Macmillan, 1983

ECO 492 

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.

Required Text:

• Robert Cooter, Thomas Ulen.  Law and Economics, Addison-Wesley Longman, 2007
• Eric A. Posner.  Law and Economics, Ashgate/Dartmouth, 2001

ECO 495

GUIDED RESEARCH

In this course, each student will write a research monograph on a topic of his/her choice.  S/He will be supervised by a faculty.  It is expected that in this research s/he will be able to synthesize a research problem. 

FIN 417

INTERNATIONAL FINANCE  

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.

Required Text: 

• Harvey S. Rosen.  Public Finance (seventh ed.), McGraw-Hill, 2005
• Levi Maurice D. International Finance (Fourth Edition), McGraw-Hill, 2005

MGT 423

PROJECT MANAGEMENT                                                                                

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 management.

Required Text:

• 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, 2003             

MKT 437

INTERNATIONAL MARKETING

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.

Required Text:

• Philips R. Cateora, John Graham.  International Marketing with Powerweb, McGraw-Hill
• Warren J. Keegan, Mark Green.  Global Marketing (Third Edition), Prentice Hall.