Md. Abdullah Al Mamun
Associate Professor
Department of Textile Engineering
Faculty of Engineering
Daffodil International University

Cell : +88 017 111 972 11

Email : mamun@daffodilvarsity.edu.bd
Faculty Website : https://faculty.daffodilvarsity.edu.bd/profile/te/mamun.html 

General Course Description : 

Course Title: Economics for Textile Engineers

Course Code: HUM 333/221

Credit Hours: 3 (Theory, 3 contact hours per week) 

Prerequisite: None

Course Level: Level 2 Term 2

Course Objectives:

Other Skills Development

• Public speaking and presentation skills.

• English communication skills.

Course outline

 1. Introduction to Economics: (Origin of the word ‘Economics’, Definition of Economics, Goals of Economics, Famous Economists and their contributions, Scope, Importance of study Economics, Economic Systems, Macro and Micro Economics, Goods and Services, Demand and Supply, Market Equilibrium, GDP, GNI, PPP, and Per Capita Income ); 

2. Concept of Engineering Economics: (Inflation: Definition, Types, Measures, Effects and calculation of Inflation; Time Value of Money: Definition, Calculation; Depreciation: Definition, Methods of calculating depreciation, Detail on straight line method of depreciation; Elements of Cost: Different types of costs, break-even analysis; Make or Buy decisions: Criteria for make or buy, Approaches for make or buy decisions – simple cost analysis, Cost benefit analysis: Definition, five steps of cost benefit analysis, Advantages and limitations of cost benefit analysis; 

3. Trade Barriers & Preferences: (Definition, Types of trade barriers, Tariff and Non-tariff barriers, Type of tariffs, Rationale of imposing tariffs, Different types of non-tariff barriers, Generalized System of Preferences- GSP, Objectives of GSP, Everything But Arms (EBA), GSP Scheme of Japan, Australia and New Zealand; 

4. Cost of textile materials: Global production and consumption of textile fibers with reference to volumes, prices and countries. Global apparel consumption; Export and Import of Yarn, Fabric and 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. Global market of readymade garment of Bangladesh. Problems and prospects of various textile sub sectors; knit, woven and sweater etc.; 

5. Textile Processing Cost: Apparel supply chain, Backward and forward linkage industries, Processing cost of textile materials in different stages, Breakdown of the costs of different operations.