Section outline

  • Introduction

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    Welcome Note

    Welcome to my course blog at DIU Blended Learning Center (BLC). This is Alamgir Hossain, and I am your facilitator in this course. I am hopeful that you will find various information and help to complete this course successfully. You know that textile trade is a trade which deals in textiles in national as well as international arena. Trading textiles is a very tough job in international market as we have different competitors around the world. So the knowledge of economics of textile market is very essential for your career.

    Course Teacher Profile:

    Alamgir Hossain

    Designation: Lecturer

    Department of Textile Engineering

    Contact Number: 01922788272

    Email: alamgir588@daffodilvarsity.edu.bd

    Profile link: https://faculty.daffodilvarsity.edu.bd/profile/te/alamgir.html

                                  

    Course Details:

    Course Name: Economics for Textile Engineers 

    Course Code: TE333

    Level & Term: Level 2 & Term 3 ( Section: Evening , A)

    Credit Hour: 3.0 (Weekly 3 contact hours)

    Credit Hour: 3.0                                                                                                          Total Marks: 100

    Rationale: This subject aims to furnish students with an in-depth knowledge of the global textile economy and explicate the students’ understanding on the textile sector of Bangladesh with current and future trend.

    Objectives:

    1.      After completion of the course students will have an idea about the global textile economy.

    2.      They will learn about the leading exporters and importers of textile raw materials, products and machinery.

    3.      The detail ideas of textile sector of Bangladesh with emphasis on its competitor countries will be gained through this course.

    4.      The course will equip students   about the current and future trend of textile product exported from Bangladesh.

    5.      They will also learn about SWOT of textile sector of Bangladesh.








  • Introduction to Economics

    Topic title: Introduction Economics

    Target Pupils: 35-40

    Duration: 60 Minutes X 3 Sessions =180 Minutes

    Topic objectives:

    ·         To know the economics and economist who had describe economics in different way.

    ·         To learn about the subject matter of economics.

    ·         To study the importance of economics.

     

    Learning Outcome:

    After completing this lectures the students will gain knowledge about-

    ·         Definition of economics

    ·         Short life history of famous economist

    ·         Subject matter of economics

    ·         Importance of economics

     

     

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute  X 3 Sessions

    Development:

    a)      Session 1: Definition, origin of economics and what questions answer economics.

    b)      Session 2: short life history of famous economist and their contribution in economics.

    c)      Session 3: Subject matter of economics and importance of economics study. 

    Lecture

     

     

    Group Study

     

     

     

    Discussion

     

    White board

     

     

    MMP

     

     

     

    40 Minutes  X 3 Sessions

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

     

     

    MMP

    10 Minutes  X 3 Sessions

  • Types of Economics

    Topic title:  Types of  Economics and Economics system

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To know the different types of economics

    ·         To learn about important characteristics of micro and macro economics

    ·         To study different economics system

     

    Learning Outcome:

    After completing this lecture the students will gather knowledge about-

    ·         Micro economics and macro economics

    ·         Difference between micro and macro economics

    ·         Characteristics of different economics systems

     

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of micro and macro economics

    b)      Characteristics of micro and macro economics

    c)      Details study of various economics system

    Lecture

     

     

    Group Study

     

    Discussion

     

    White board

     

     

    MMP

     

     

     

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

     

     

    MMP

    10 Minutes 


  • Goods and Services

    Topic Title:  Goods and Services

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To know about goods and services

    ·         To learn about important characteristics of goods and services

    ·         To study different types of goods and services

    Learning Outcome:

    After completing this lecture the students will able to-

    ·         Define or describe goods and services

    ·         Differentiate between goods and service

    ·         Classify goods and services

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of goods and services.

    b)      Characteristics goods and services

    c)      Classification of goods and services

    Lecture

     

    Group Study

     

    Discussion

    White board

     

     

    MMP

     

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

     

    MMP

    10 Minutes 


  • Demand and Supply

    Title:  Demands and Supply

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To know about demand and supply

    ·         To learn about important characteristics of demand and supply curves

    ·         To know the equilibrium and market equilibrium

     Learning Outcome:

    After completing this lecture the students will able to-

    ·         Define or describe demand and supply

    ·         Describe demand and supply curves

    ·         Understand market equilibrium

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of demand and supply.

    b)      Demand and supply curves

    c)       Equilibrium and market equilibrium.

    Lecture

     

    Group Study

    Discussion

    White board

     

    MMP 

    Videos

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

    MMP

    10 Minutes 


    • resource icon
      Demand and Supply File

      See the lecture materials

    • forum icon
      Sharing Reflection and Peer Discussion Forum

      Dear Students, feel free to ask any topic related question here

    • url icon
      Recorded video of live class URL

      Watch the video

    • quiz icon
      Quiz 2

      Date: 22/6/2020

      Time: 9:00 PM 

      Examination Duration: 45 minutes

      Instruction: Read the questions carefully and answer all the questions. In case of multiple choice question there might have more than one correct answer. In that case, you are asked to select one or more option.  

  • Elasticity of Demand

    Title:  Elasticity of Demand

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To know about elasticity of demand

    ·         To learn about important characteristics of elastic demand and inelastic demand.

    ·         Calculation of elastic and inelastic demand

     Learning Outcome:

    After completing this lecture the students will able to-

    ·         Define or describe elasticity of demand

    ·         Describe the demand whether it is elastic or inelastic.

    ·         Decide by calculation about the elasticity of demand.

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of demand elasticity.

    b)      Description of elastic and inelastic demand.

    c)       Calculation of elastic and inelastic demand.

    Lecture

     

    Group Study

     

    Discussion

    White board

     

    MMP

     

    Videos

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

      

    MMP

    10 Minutes 


  • Cost Concept

    Topic title:  Cost Concept

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To know about different types of cost

    ·         To learn the differences between various cost

    Learning Outcome:

    After completing this lecture the students will able to-

    ·         Define or describe cost and different types of cost

    ·         Differentiate various types of costs

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of cost.

    b)      Different types of cost

    c)      Differences between various cost. 

    Lecture

     

    Group Study

    Discussion

    White board

     

    MMP 

    Videos

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

     

    MMP

    10 Minutes 


  • Topics Assessment (Quiz 1)

    Quiz 1 is designed to assess the students what he or she has learnt from Topic (Basic Economics). In the quiz you will be asked various types of question like MCQ, True/false, fill in the gaps, short questions etc. In off line quiz you will be given a question paper where you will write your answer as well. In online quiz you will be provided a question link where you will be asked several questions to answer very shortly and other questions types will be as mentioned earlier. In both platform time, limit will be 30 minutes. The schedule of the quiz shall be published at least two days earlier.


  • Inflation

    Topic title: Inflation

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To learn what is inflation.

    ·         To know the causes & effects of inflation.

    ·         To gather knowledge on GPI, PPP & PCI

    Learning Outcome:

    After completing this lectures the students will be able to -

    ·         Define Inflation

    ·         Describe the causes and effects of inflation

    ·         Describe GPI, PPP and PCI

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development:

    a)      Description of inflation.

    b)      Study on causes and effects of inflation.

    c)      A short description of GNI, PPP & PCI 

    Lecture

     

     

    Group Study

     Discussion

    White board

     

     

    MMP

     

    40 Minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

    MMP

    10 Minutes 


  • Mid Term Examination

    Syllabus for Midterm Examination

    Instruction for Midterm Examination

    • Midterm examination will be held as the semester (Fall'20) schedule published by the university.
    • Total marks and time of the examination is 25 and 90 minutes respectively.
    • There will be at least five sets of question in the question paper and every set of question may have 2-3 questions. 
    • In case of off line examination there will have optional question but there will not have any optional question for online examination.

    • resource icon
      Sample Midterm question (On Campus) File

      Dear students, see the sample Mid term question.

    • forum icon
      Discussion on Mid Term examination Forum

      Dear students, you can ask any questions about mid term examination. 

    • quiz icon
      Midterm Examination (Fall'21) Quiz

      Instructions :(READ THE INSTRUCTION FIRST)

      a)      Read the questions carefully and answer all of them.

      b)      Please write answers to the questions in your own answer scripts and submit them (Hand Written) converting into PDF file individually.  Make and submit answer of each question in separate PDF file in the respective question. ONLY HAND WRITTEN ANSWER WILL BE ACCEPTED. 

      c) DO not attach any any google drive link as answer.

      d)      Plagiarism of your answer must be tested

      e)      No answer script will be accepted after the allocated time (1.5 hrs).

      f)      Marks at the right side indicate the full marks


  • GDP

    Topic title: GDP

    Target Pupils: 35-40

    Duration: 60 Minutes

    Topic objectives:

    ·         To learn about GDP.

    ·         To know how to determine GDP.

    ·         To learn different approach deterring the GDP

    ·         To know about the GDP of Asian country, Bangladesh, top 10 GDP of the world.

    Learning Outcome:

    After completing this lectures the students will be able to -

    ·         Define GDP

    ·         Calculate GDP in different approach

    ·         Know the GDP of different country as well as Bangladesh.

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute 

    Development: 

    a)      Description of GDP.

    b)      Study on calculation of GDP

    c) GDP of different counties 

    Lecture

     

    Group Study

            Discussion

    White board

      

    MMP

    40 minutes 

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

     

    MMP

    10 Minutes 


  • International Trade Barriers

    Topic Title: Tariff

    Target Pupils: 35-40

    Duration: 60 Minutes X 3 session =180 minutes

    Topic objectives:

    ·         To learn about tariff and different types of tariff.

    ·         To know the rationale of imposing tariffs.

    ·         To learn different types of trade barriers and non-tariff barriers

    ·         To study in details about different non-tariff barriers

    .Learning Outcome:

    After completing this lectures the students will be able to -

    ·         Define tariff and its derivatives

    ·         Know why tariff are imposed.

    ·         Know different types of trade barriers and non-tariff barriers

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute  X3 session  

    Development:

    a)      Session 1: Tariff and its classification, causes of imposing tariff. Different types of trade barriers.

    b)      Session 2 & 3: Details description of different types of non-tariff barriers 

    Lecture

      

    Group Study 

    Discussion

     

    White board

      

    MMP

     Videos

    40 Minutes  X3 session   

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

      

    MMP

    10 Minutes  X3 session   

  • International Trade Access and Facilities

    Topic Title: Market access facilities and GSP

    Target Pupils: 35-40

    Duration: 60 Minutes X3 session =180 minutes

    Topic objectives:

    ·         To learn about market access facilities.

    ·         To know about GSP.

    ·         To learn about EU GSP, GSP scheme of Bangladesh and Japan, GSP scheme of Australia, New Zealand

    ·         To study in details DFQF, SAFTA, APTA

    .Learning Outcome:

    After completing this lectures the students will gain knowledge on -

    ·         Market access facilities.

    ·         GSP, EU GSP and other GSP facilities

    ·         DFQF, SAFTA, APTA

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute  X3 session 

    Development:

    a)      Session 1: Market Access facilities. GSP and EU GSP

    b)      Session 2: GSP scheme of Bangladesh and Japan, GSP scheme of Australia, New Zealand

    c)      Session 3: DFQF, SAFTA and APTA

    Lecture

     

     

    Group Study

     Discussion

     

    White board

     

     

    MMP 

    Videos

    40 Minutes  X3 session  

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

      

    MMP

    10 Minutes  X3 session  


  • Topics Assessment (Quiz 2)

    Quiz 2 is designed to assess the students what he or she has learnt from Topic (Terminology of International Trade). In the quiz you will be asked various types of question like MCQ, True/false, fill in the gaps, short questions etc. In off line quiz you will be given a question paper where you will write your answer as well. In online quiz you will be provided a question link where you will be asked several questions to answer very shortly and other questions types will be as mentioned earlier. In both platform time, limit will be 30 minutes. The schedule of the quiz shall be published at least two days earlier.


  • Topics Assessment (Assignment & Presentation)

    Assignment will be designed to assess the students what they have learnt from the topics they have studied. In this purposes you (students) will be asked to submit an assignment on a given topics or titles related to the topics in scheduled time (1 week). You will follow the instruction to write assignment. 


  • Economics of Textile processing

    By the completion of this topics, the students will be able to acquire knowledge about the economics of textile processing like spinning, weaving and knitting, garments manufacturing as well as wet processing. 

    Topic Title: Economics of Textile Processing

    Target Pupils: 35-40

    Duration: 60 Minutes X4 session =240 minutes

    Topic objectives:

    ·         To review overall of textile processing.

    ·         To know the impact of RMG and textile sector of Bangladesh.

    ·         To gain knowledge about spinning sector of Bangladesh.

    ·         To gather knowledge about fabric manufacturing sector of Bangladesh.

    ·         To learn about contribution of wet processing sector of Bangladesh.

    ·         To know about RMG sector of Bangladesh.

    Learning Outcome:

    After completing this lectures the students will gain knowledge on -

    ·         Impact of Bangladeshi RMG sector.

    ·         Spinning sector of Bangladesh

    ·         Fabric manufacturing sector of Bangladesh.

    ·         Wet processing sector of Bangladesh

    ·         RMG sector of Bangladesh.

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute  X 4 session 

    Development:

    a)      Session 1: Review of textile Processing. Impact of RMG sector

    b)      Session 2: Spinning sector of Bangladesh

    c)      Session 3: Fabric manufacturing sector

    d)     Session 4: Wet processing and Garments manufacturing

    Lecture

     

     

    Group Study

     

    Discussion

     

    White board

     

     

    MMP

     

    Videos

    40 Minutes  X 4 session  

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

      

    MMP

    10 Minutes  X 4 session  


  • Economics of Textile Materials

    By this section the students will gather knowledge regarding different types of textile materials like fibre, fabrics , dye chemicals and so on. 

    Topic Title: Economics of Textile Materials

    Target Pupils: 35-40

    Duration: 60 Minutes X5 session =300 minutes

    Topic objectives:

    ·         To review overall of worldwide fibre consumption.

    ·         To gain knowledge about economics of cotton fibre.

    ·         To gain knowledge about economics of cotton fibre.

    ·         To learn about leading cotton importer and exporter as well as Bangladeshi cotton.

    ·         To gather knowledge on cotton price of different brand.

    ·         To study the market of polyester market of the world as well as Bangladesh.

    ·         To learn about uses of polyester

    ·         To know about the market of jute fibre and its application

    ·         To know the global denim market as well as Bangladeshi contribution.

    ·         Opportunities and challenges of Bangladeshi RMG sector in the world.

    Learning Outcome:

    After completing this lectures the students will gain knowledge on -

    ·         Fibre consumption in textile section globally

    ·         Economics and market of Cotton, polyester, jute, wool fibre of the world and Bangladesh

    ·         Prospect of Denim market of Bangladesh

    ·         Opportunities and challenges of RMG sector of Bangladesh

    Content

    Methods/ Techniques

    Resources / Aid

    Time required

    Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

    Lecture, Q & A

    White board/ Projector

    10 Minute  X5 session 

    Development:

    a)      Session 1 & 2: Fibre consumption and Cotton market of the world as well Bangladesh aspects.

    b)      Session 3: Polyester market and use of polyester.

    c)      Session 4: Jute and wool market

    d)     Session 5: Opportunities and challenges of Bangladeshi RMG sector

    Lecture

     

     

    Group Study

     

    Discussion

     

    White board

     

     

    MMP

     


    Videos

    40 Minutes X 5 session  

    Conclusion:

    Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

    Discussion

    Q & A

    Quiz

    White board

      

    MMP

    10 Minutes  X 5 session  


  • Sharing Reflection & Peer Discussion

  • Semester Final Examination

    Syllabus for Semester Final Examination

    Instruction for Semester Final Examination

    • Semester Final Examination will be held as the semester (summer'20) schedule published by the university.
    • Total marks and time of the examination are 30 and 120 minutes respectively.
    • There will be at least five sets of question in the question paper and every set of question may have 2-3 questions. 
    • In case of off line examination there will have optional question but there will have not any optional question for online examination.