ECN 200: Introduction to Economics

Offered Under: All Undergraduate Programs.
Description

Basic concepts of Economics. Distinction between Micro and Macro Economics. General view of price system: Demand and Supply. Elasticity of demand and supply. Consumer’s behavior: Utility analysis, Inferior good and Giffen good. Market Structures: Perfect competition, Monopoly, Monopolistic competition and Oligopoly. Factors of Production: labour, land, capital and entrepreneur. Basic concepts of macroeconomics. Circular flow of income, mixed economy, private and public economic sector interactions. Measuring domestic output: national income and the price level. Aggregate Expenditures Model. The Multiplier, net exports and government. Aggregate demand and aggregate supply. Fiscal policy. Money and banking. Demand and supply of money. Money market equilibrium.

 

Please contact the Department of Social Sciences and Humanities for further details.

Website for the Department of Social Sciences and Humanities - http://slass.iub.edu.bd/socialscience/


Prerequisites:
  • None

Course Type Foundation
Credit Hour 3
Lecture Hour 45
Expected Outcome(s):

Suggested Books:

Grading Policy:

Letter Grade Marks Grade Point
A 90 - 100 4.00
A- 85 - 89 3.70
B+ 80 - 84 3.30
B 75 - 79 3.00
B- 70 - 74 2.70
C+ 65 - 69 2.30
C 60 - 64 2.00
C- 55 - 59 1.70
D+ 50 - 54 1.30
D 45 - 49 4.00
F 00 - 44 4.00