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Gain an understanding of the terms
of Microeconomics and Macroeconomics
which Introduction to various economic systems – capitalist, communist
and mixed economy; Fundamental economic problems and the mechanism through
which these problems are solved; Theory of demand and supply and their elasticity’s;
Theory of consumer behaviour; Cardinal and ordinal approaches of utility
analysis; Price determination; Nature of an economic theory; Applicability of
economic theories to the problems of developing countries; Indifference curve
techniques; Theory of production, production function, types of
productivity; Rational region of production of an engineering firm; Concepts
of market and market structure; Cost analysis and cost function; Small scale
production and large scale production; Optimization; Theory of distribution;
Use of derivative in economics: maximization and minimization of economic
functions, relationship among total, marginal and average concepts.
Macro-economics: Savings; investment, employment; National income analysis;
Inflation; Monetary policy; Fiscal policy and trade policy with reference to
Bangladesh; Economics of development and planning.
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