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 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.
Other Skills Development
- English communication skills.
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.