বিষয়ঃ অর্থনীতি
বিষয় কোডঃ ৪০৩
পূর্নমানঃ ১০০
1. Introduction:
Definition, nature and scope of Economics, Micro Economics and Macro Economics,
Positive Vs. Normative Economics, The basic problems of Economic organization,
Production and exchange, Production possibility frontier, The market mechanism.
2. Supply and
Demand: Concept
of supply and demand and their determinants. Market equilibrium and shifts of
market equilibrium, Consumer's and producer's surplus, Concepts and
measurements for various elasticity of demand and supply.
3. The Theory of
Consumer Behavior: Utility-total and marginal utility, cardinal and ordinal
utility, Law of diminishing marginal utility, Equmarginal principle and
derivation of demand curves.
4. Theory of
production: Production function. Fixed Vs variable factors of production,
Short run and long run, total, average and marginal product, The law of
diminishing returns; Returns to scale, technological change.
5. Theory of Cost
and Revenues: Short and long run cost functions. Implicit and opportunity
cost, Fixed and variable costs, Total, average and marginal cost. Envelope
curves, the link between production and economic profit, Profit maximizing
conditions.
6. Market: Perfect
competition and monopoly, short and long run equilibrium of firm and industry,
Profit maximization, shut down condition, Resource allocation and economic
efficiency.
Macro Economics
1. Macro
Economics Overview: Objective and instrument of macroeconomics. Fundamental
concepts of macroeconomics, Potential GNP, GNP gap, Okun's law, natural rate of
unemployment, Business cycles, Budget deficit and international deficit,
aggregate demand and aggregate supply.
2. National
Income Accounting: Circular flow of income. Injections and leakages,
Different concepts of national income-GNP, GDP, NNP, NI at factor price, market
price and constant price, personal income, disposable income, real and national
GDP. Net Economic Welfare (NEW): The Consumer Price Index (CPI) & the GDP
Deflator, The methods and problems of computing national income.
3. Consumption and
Saving Function: Concepts of MPC, APC. MPS, APS. Short run and long run
viewkuznet's Puzzle.
4. Inflation: Measures of
inflation, causes of crutlation, source of inflationary pressure, consequences
of inflation, deflation.
5. Money and Monetary
Policy: Meaning of money, different concepts of money (M1. M2.
M3), credit creation by banking system, function of money, demand and supply of
money, velocity of money, long run impact of money on prices, short run impact
of money on output, changes in income velocity, monetary policy.
6. Fiscal Policy: Theory of fiscal policy,
relationship of fiscal policy to monetary policy, problems in implementing
fiscal policy