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  • General

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      Tuesday      : 11:30 am -04:00 pm 
      Wednesday: 11:30 am -04.00 pm


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  • Introduction

    Fixing the flaws in today's capitalism | by The Economist | The Economist

    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,

    i

    Course Teacher

    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

    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.


    • page icon
      Text Books Page

      Text Books:

      1. Engineering Economics, PHL Learning: New Delhi, 2012 by R. Panneerselvam.
      2. Microeconomics, 11th Edition, Pearson Economics Series by Michael Parkin.


      References:

      1. Textile Today Journal
      2. Textile Focus Magazine.
      3. BGMEA, BKMEA and BTMA website.


    • resource icon
      Assessment Strategy File
    • resource icon
      Course Outline File

  • Chapter 01 : Basic Economics

    Covid-19 shockwave: Indian economy needs a massive stimulus. The world can learn from China. - ET Prime


    Chapter Objectives : 

      1. To teach the students about the basic concepts and fundamentals Economics. 
      2. They also learn about Famous Economists and Their Contributions.
      3. Learn about Scope of Economics
      4. Learn about Importance of the Study of Economics
      5. Know about Economic System, Microeconomics and Macroeconomics, Cost Concept


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about definition Economics.
      2. Differentiate Macroeconomics from the microeconomics. 
      3. Know about Famous Economists and their contributions.
      4. Know about scope & importance of Economics.
      5. Cost Concept, Goods and Services concept is very clear to them.

  • Chapter 02 : Demand & Supply

    i

    Chapter Objectives : 

      1. To teach the students about the basic concepts and fundamentals of Demand, Supply & Economic Equilibrium.
      2. They also learn about law of demand & law of supply.
      3. Learn about Economic Equilibrium & Market Equilibrium
      4. Also learn about External Influences of equilibrium.


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about definition of Demand, Supply & Economic Equilibrium.
      2. Differentiate demand from the supply. 
      3. Able to draw the Demand-Supply Curve
      4. Able to solve several mathematics regarding demand & supply.

  • Chapter 03 : Terms & Definitions


    Chapter Objectives : 

      1. To teach the students about the concepts and fundamentals different terms and definitions that are related to Economics.. 
      2. To learn about the Elastic demand.
      3. Learn about utility, total utility & marginal utility.
      4. Learn about inflation, its causes.
      5. To teach them about GDP, GNP, PPP, PCI etc.


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about different terms and definitions of Economics.
      2. Getting idea about inflation.
      3. Able to solve mathematical problems.
      4. Know about GDP, GNP, PPP & PCI.
      5. Getting idea about different utilities.

  • Instructions for Midterm Exam

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    Syllabus for Midterm Exam :

    Chapter 01 : Basic Economics
    Chapter 02 : Demand & Supply
    Chapter 03 : Terms & Definitions


    Exam Date: 15.11.2021, 

    Available Time: (01:30 04:00) pm

    Effective Time: 01:30 Hours 


    Instructions for Midterm Exam : 

    Midterm Exam Assessment Plan : 

    There will be 5 Questions, each will carry equal (5) marks, Total marks: 5x5 =25 





  • Chapter 04 : Trade Barriers & Preferences

    What Are The Key Areas To Focus For Apparel Export Growth? - Perfect Sourcing — Latest Fashion, Apparel, Textile and Technology News

    Chapter Objectives : 

      1. To teach the students about the concepts and fundamentals of International trade
      2. To learn them about the tariffs & rationale of imposing tariffs
      3. Learn about types of trade barriers
      4. Learn about Generalized System of Preferences - GSP
      5. To teach them about GSP Scheme in different countries.


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about international trade and its benefits
      2. Compare among different countries GSP Scheme
      3. Know about different trade barriers.
      4. Know about how to use license for international trade


  • Chapter 05 : Price of Textile Materials

    TED-Ed - Gifs worth sharing — The Life Cycle of a Plastic Bottle


    Chapter Objectives : 

      1. To teach the students about the concepts and fundamentals of export & import of textile materials. 
      2. To learn them about the top Cotton/Jute/PES producing countries in the world.
      3. Learn about Cotton/Jute/PES import or outsourcing of Bangladesh.
      4. Learn about price of Cotton/Jute/PES in the worldwide.


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about different textile materials & their export, import regions.
      2. Compare their market values.
      3. Know which countries produce quality full materials.
      4. Know about how to reuse of these materials.

  • Chapter 06 : Processing of Textile Materials

    processing gifs Page 81 | WiffleGif

    Chapter Objectives : 

      1. To teach the students about the spinning processing & spinning industry in Bangladesh.
      2. To learn them about chronological development of Spinning
      3. Learn about Processing Cost: yarn to fabric per KG
      4. Learn about Processing Cost: fabric to dyeing per KG
      5. Learn about Processing Cost: dyeing to garments.


    Chapter Outcomes :

    After completing this chapter Students can,

      1. Able to discuss about different processes.
      2. Know about process cost of different sections.
      3. Make their concept about wages.
      4. Have an idea about chronological development of Spinning.

  • Quizzes

    • quiz icon
      Quiz - 3
      Students must
      Mark as done

      Chapter 5 (Material Cost) 

      Exam Date: 14.04.2022

      Time: (16:00 - 16:25) am

      Effective Time: 20 Minutes

  • Assignment

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      Assignment

      Topic Name: Calculation of Investment cost of a factory


      Calculate the investment cost from the given Industrial Attachment Report.

      Last Date of Submission: 14.04.2022

  • Presentation

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