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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
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