Section outline
-
Welcome Note
Dear Students,
Assalamu Alaikum and a very warm welcome to all of you.
This is Md. Abdullah Al Mamun, and I am here to conduct your new course 'Economics for Textile Engineers' and share and learn something new about the world of Economics for Textile Engineers. So, let's gather knowledge with you all together. Feel free to approach me with any kind of problem.
This course aims to provide students with an in-depth knowledge of the principles of economics and develop the students’ understanding of the important concept about the economy in textile sectors especially the cost of textile materials and the cost to process them.
Thank you very much.
Regards,
Course Teacher
Md. Abdullah Al Mamun
Associate Professor
Department of Textile Engineering
Faculty of Engineering
Daffodil International UniversityCell : +88 017 111 972 11
Email: mamun@daffodilvarsity.edu.bd
Faculty Website: https://faculty.daffodilvarsity.edu.bd/profile/te/mamun.htmlGeneral Course Description :
Course Title: Economics for Textile Engineers
Course Code: HUM 333
Credit Hours: 3 (Theory, 3 contact hours per week)
Prerequisite: None
Course Level: Level 3 Term 1
Course Objectives:
- After completion of the course, you will have an idea about the global textile economy.
- They will learn about the leading exporters and importers of textile raw materials, products and machineries.
- The detail ideas of textile sector of Bangladesh with emphasis on its competitor countries will be gained through this course.
- The course will equip students about the current and future trend of textile product exported from Bangladesh.
- They will also learn about SWOT of textile sector of Bangladesh.
Course outline
Chapter-1: Basic Economics : Importance of textile economics, Scope of economics in Textile and apparel sector of Bangladesh, Economic cycle, Microeconomics and Macroeconomics in term of textile sector, Textile economic system, Cost concept: Total cost, average cost, marginal cost, fixed cost and variable cost.
Chapter-2: Concept of Demand and Supply : Demand and supply, time and supply, equilibrium, elasticity of demand, elasticity of supply. Market: monopoly and monopsony.
Chapter-3: Export and Import of Raw Material : Leading exporters and importers of cotton, jute, wool, flax, silk, polyester and nylon etc. Global production and consumption of textile fibers with reference to volumes, prices and countries. Global Apparel Consumption.
Chapter-4: Export and Import of Yarn, Fabric & Machinery : Study on local and imported yarns. A detailed account of various types of fabrics produced in Bangladesh. Present and future demand of woven and knitted fabrics for export oriented RMG. Economics of textile wet processes; dyeing, finishing and printing industries in Bangladesh. Dyes and chemical producing companies at home and abroad. Leading textile machineries producing countries. Global market of ready made garment of Bangladesh. Problems and prospects of various textile sub sectors; knit, woven and sweater etc.
Chapter-5: Bangladesh Budget on Textile issues : Analysis of Bangladesh Budget, Textile budgets of neighboring and competitor countries.
Chapter-6: Textile Market, Current & Future Trend : Current and future trend of textile and apparel sector of Bangladesh. Global textile market of Bangladesh. Comparative study of export and import of textile and apparel to Europe, America, UK, Australia, India, China etc.
-
Text Books:
- Engineering Economics, PHL Learning: New Delhi, 2012 by R. Panneerselvam.
- Microeconomics, 11th Edition, Pearson Economics Series by Michael Parkin.
References:
- Textile Today Journal
- Textile Focus Magazine.
- BGMEA, BKMEA and BTMA website.