Green University of BangladeshDepartment of Electronics and Electrical Engineering

B.Sc Program, Fall SemesterCourse Title: (ECO-2301) EconomicsCourse Instructor: Samirah Mustafa

Syllabus

Teaching days and time: Tuesday(9:00-10:30), Thursday(9:00-10:30).Office: GUB Main Campus, Room # 408Consultation hours: After each classConsultation place: Teachers room of EEEOffice phone: PABX 418E-mail: samirah.bus@green.edu.bd

Course DescriptionEconomics is the study of how society provides for itself by making the most efficient use of scarce resources so that both private and social welfare may be improved. The subject, therefore, covers the study of individuals, households, firms, government and international economic institutions as they attempt to make better use of scarce resources. The study of Economics enables individuals to develop a better understanding of the economic issues which affect them and the world in which they live. It will also enable students to offer informed comments on economic matters. The knowledge gained from this course in Economics will be of lifelong value to the student. The influence of the subject on all areas of activity should stimulate the individual to continue reading and conducting research in Economics. It is recognized that persons doing this course may be drawn from different backgrounds and may possess different interests. Some may wish to study Economics as preparation for further specialization in the subject. Others may study the subject to complement other subject disciplines, such as, careers in engineering, finance, accounting or law. Some students may see the subject as one worthy of study in its own right. Students of Economics will be able to contribute, significantly, to economic and social development in the wider world by acting as catalysts for wider awareness of social and economic issues. A study of Economics will be of benefit to all students by introducing them to the philosophy which underlies everyday economic interactions. The study will also train the student to think logically, critically and impartially on a variety of contentious issues.

Aims 1. promote understanding of the basic principles and concepts of economics which are accepted

in large measure by economists while recognizing that the field is changing continuously;

2. develop an appreciation of the various methods used by economists in analyzing economic

problems;

3. develop an understanding of the global economy and of the relationships between rich and poor nations with respect to international trade and finance and the most important international financial institutions;

4. encourage students to apply economic principles, theories and tools to everyday economic problems, for example, inflation, unemployment, environmental degradation, sustainable development and exchange rate instability and to contribute meaningfully to any dialogue on these issues;

5. encourage students to apply economic theory to the critical issues which affect the small open economy;

6. encourage students to evaluate contentious economic issues so that decision-making may be informed by logical and critical thinking;

7. sensitize students to the need for ethical behavior in the conduct of economic transactions.

Skills And Abilities To Be Assessed The assessment will test candidates’ skills and abilities to:

1. identify and explain economic theories, principles, concepts and methods;

2. interpret, analyze and solve economic problems using economic models and concepts;

3. develop structural and reasoned expositions and evaluate economic theories and policies.

Pre-Requisites Of The Syllabus Successful participation in this course of study will be enhanced by the possession of good verbal and written communications skills. A good foundation in Mathematics would be an asset to students doing this course.

ExamsMid-Term Exam: The mid-term exam will be a multiple-choice exam that will cover the material in required readings and class lectures. Students should note that readings and lectures will often include different material, so knowledge of both is essential.

Final Exam: The final exam will cover all the material covered during the semester (required readings and course lectures). The exam questions will include multiple choice.

Assignment: The major paper will be no longer than 10 pages, including the bibliography (Double-spaced; 12 point Times Roman font; normal margins). The major paper must be an original piece of work that has never been submitted in any other course at the Green University of Bangladesh or elsewhere. A paper that does not meet these criteria will receive a mark of

zero (0%).A common form of PLAGIARISM today is cutting and pasting text from websites into one’s own paper without referencing or other attribution. Such academic dishonesty will not be tolerated.

Class participationClass attendance is mandatory. Absences will require prior notification with the exception of emergencies. Students with less than 75% class participation will not be allowed to sit for mid-term and final exam. Only those who have participated 100% class will get 5 marks. For each class missed students will get .5 marks less. Those who missed more than 5 classes will not get any marks.

Language UseYou will also be judged on your writing abilities. It is recommended that you take appropriate measures to avoid mistakes. Assignments will be penalized up to 10% for poor spelling and grammar.

Late Submission of AssignmentsCourse assignments handed in late will be penalized 3% the first day and 1% each subsequent day, not including weekends and holidays. There will be no exceptions, except in accordance with University policy.

Measuring & Evaluation

Marks distribution Weight (%)Class Attendance 5Presentation 10Assignment 10Class Test 10Mid Term 30Final Examination 35Total 100

Grading systemMarks GPA Grade80% - 100% 4.00 A+ Excellent75% - 79% 3.75 A --70% - 74% 3.50 A- --65% - 69% 3.25 B+ Good60% - 64% 3.00 B --55% - 59% 2.75 B- Fair50% - 54% 2.50 C+ --45% - 49% 2.25 C Poor40% - 44% 2.00 D --0% - 39% 0.00 F FailureIncomplete I

Incomplete Grade (I)Students who do not appear in the final exam will get an I Grade.

Withdrawal (W)Students who withdraw from course within the dead line will get W Grade.

Cell PhonesStudents will turn their cell phones off or put them on vibrate mode while in the class. They will not answer phones in class. Required Text ECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19th Edition, McGRAW-

HILL INTERNATIONAL EDITION. Modern Economic Theory by K.K. Dewett

Suggested Text Economics by Michael Parkin. Microeconomic Theory by Dominic Salvatore ( SCHAUM’S OUTLINES)

Course Schedule and Readings

Session-1Definitions and Problems of Economics.Required TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-2Basic Elements of Demand: Law of Demand, Demand Schedule and Demand CurveRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-3Basic Elements of Supply: Law of Supply, Supply Schedule and Supply CurveRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-4Equilibrium with Supply and Demand Curve, Surplus & Shortage.Required TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-5Price Elasticity of DemandRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-6Price Elasticity of DemandRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-7Quiz and Price Elasticity of SupplyRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-8Price Elasticity of SupplyRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-9Analysis of CostRequired Text

ECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-10Review Class

Session-11Mid-term Exam

Session-13Theory of ProductionRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION

Session-14Theory of ProductionRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION

Session-15 Definition and key concepts of Macroeconomics

Required TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-16Objectives &Instrument of Macroeconomics-Fiscal policy & Monetary PolicyRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-17National Income Accounting: Circular Flow of Macroeconomic activity, The Method and Problems of computing National IncomeRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-18The Theory of Aggregate Demand(AD):Concepts and components of AD Movements of AD, Shifts of AD, Business CycleRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-19The Theory of Aggregate Supply(AS): Definition, Determinants of AS and AS In The Short Run and Long RunMovement Along AS, Shifts of AS CurveRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-20Unemployment: Types of Unemployment: Equilibrium Unemployment and Disequilibrium UnemploymentRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-21Inflation: Definition, Types, Demand Pull and Cost push InflationRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19 th Edition, McGRAW-HILL INTERNATIONAL EDITION.

Session-22The Central Bank and Monetary Policy: Definition and Goals and Functions of Central Bank in Credit Control(Monetary Policy) and operating Monetary policyRequired TextECONOMICS by Paul A. Samuelson and William D. Nordhaus, 19th Edition, McGRAW-HILL INTERNATIONAL EDITION

Sesssion-23Review Class

Session-24Presentation

Session-25Final Exam

Good Luck

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