Principles of Economics (POE)

(Please Click on Each Topics To See the Details)

Module-A: Economics: Introduction

1.Definition

2.Micro Vs. Macro, 

3.Positive Vs. Normative Economics, 

4.Scarcity

5.Resources

6.Opportunity Cost, 

7.Circular Flow, 

8.Production Possibility Curve,

9. Economic Models. 

10.Economic Systems Market

12. Economy and Regulated economy.

Module-B: Basics of Microeconomics

1.Market forces of Demand and Supply: 

2.Market Equilibrium: 

3.Shifts and Changes in the Demand and Supply; 

4.Consumer’s equilibrium Utility analysis and Indifference Curve Analysis; 

5.Consumer Surplus: 

6.Price Ceiling and Floor,

7. Elasticity and its application.

Module-C: Production and Cost

1.Concepts of Production;

2. Production in the Short run;

3. Short-run Costs of Production;

4. Relations between Short-run Cost and Production; 

5.Production Isoquants and Isocost Curves, 

6.Optimal Combination of Inputs

7.Optimization and Cost

8. Expansion Path and Returns to Scale

9. Long Run Costs

10. Relationship between SR and L.R Cost.

Module-D: Market Structure

1.Various Forms of Markets;

2. Characteristics of Perfect Competition Profit Maximization in the Short run (SR) and Long run (LR); 

3.Nature of Monopoly and Monopolistic Competition- SR and LR Equilibrium under Monopoly and Monopolistic Competition; 

4. Strategic Decision Making in Oligopoly Markets.

Module-E: Market Failure and Market Intervention:

1.Concepts of Market Failure and Extermalities, 

2.Market Failure and Policy Intervention in the financial sector.

Module-F: Macrocconomics

1.Overview of Macroeconomics;

2. National Income & Accounts;

3. Govt. Income and Expenditure Accounts; 

4.Monetary Account; 

5.Balance of Payment Account;

6. Interactions among all these macro accounts; 

7. Macro-economic Policies (Monetary and Fiscal Policy) and macro-economic equilibrium.

Module-G: Macroeconomic Performance of Bangladesh

1.Indicators of macroeconomic performance; 

2.National Income, 

3. Savings, 

4. Investment, 

5.Capital formation, 

6.Inflation, 

7.Unemployment etc.