Principles of Economics (POE)
Principles of Economics (POE)
Full Marks: 100
Module-A: Economics: Introduction
- Definition; Micro Vs. Macro; Positive Vs. Normative Economics
- Scarcity, Resources, Opportunity Cost
- Circular Flow, Production Possibility Curve, Economic Models
- Economic Systems – Market Economy and Regulated Economy
Module-B: Basics of Microeconomics
- Market forces of Demand and Supply; Market Equilibrium
- Shifts and Changes in the Demand and Supply
- Consumer’s Equilibrium – Utility Analysis and Indifference Curve Analysis
- Consumer Surplus; Price Ceiling and Floor
- Elasticity and its Application
Module-C: Production and Cost
- Concepts of Production; Production in the Short run
- Short-run Costs of Production
- Relations between Short-run Cost and Production
- Production Isoquants and Isocost Curves
- Optimal Combination of Inputs; Optimization and Cost
- Expansion Path and Returns to Scale
- Long Run Costs, Relationship between SR and LR Cost
Module-D: Market Structure
- Various Forms of Markets
- Characteristics of Perfect Competition – Profit Maximization in SR and LR
- Nature of Monopoly and Monopolistic Competition
- SR and LR Equilibrium under Monopoly and Monopolistic Competition
- Strategic Decision Making in Oligopoly Markets
Module-E: Market Failure and Market Intervention
- Concepts of Market Failure and Externalities
- Market Failure and Policy Intervention in the Financial Sector
Module-F: Macroeconomics
- Overview of Macroeconomics
- National Income & Accounts
- Government Income and Expenditure Accounts
- Monetary Account, Balance of Payment Account
- Interactions among these macro accounts
- Macro-economic Policies (Monetary and Fiscal Policy) and Equilibrium
Module-G: Macroeconomic Performance of Bangladesh
- Indicators of Macroeconomic Performance
- National Income, Savings, Investment
- Capital Formation, Inflation, Unemployment