ECO 611 International Trade Theory

ECO 612 International Financial Economics

b) Financial Economics and Banking

ECO 621 Financial Economics OR

ECO 612 International Financial Economics

ECO 622 Banking and Financial Institutions

c) Development Economics

ECO 631 Development Economics

ECO/DEV 570 Advanced Methods in Development Research

Mathematical Economics: This course addresses the applications of calculus and linear algebra in economics. The discussion will include mathematical concepts like optimization, linear algebra, matrix, comparative statics in utility and/or profit maximization, input output modeling, envelope theorem, duality etc. Topics also include optimization with inequality constraints, production functions, consumer demand theory, competitive market theory, behavior under uncertainty, risk aversion, intertemporal choices, general equilibrium, and welfare theorems.
Prerequisite: ECO 514 or ECO 244 and ECO 301 or equivalents

3 credits

Econometric Method: This is the first graduate course in Econometrics. There will be a balance between theory and applications. The first half of the course will be mostly theoretical. The later segment of the course is applied, in the sense that it deals with real data sets and real problems. Computer work is an integral part of the course. An important way in which econometrics differs from statistics is that econometrics focuses on links between economic theory and statistical analysis. In particular, this course will emphasize the kinds of inferences that can and cannot be drawn from statistical analysis, particularly from cross-section data. Understanding when to use particular methods and what conclusions you can draw is as important as understanding how to do the analysis. You are required to use EViews, STATA or SAS to solve data related assignments.
Prerequisite: ECO 514 or ECO 372 or equivalents

3 credits

Microeconomic Theory: The course is about analyzing problems in microeconomic theory at the beginning graduate level. Students successfully completing the course will be able to comfortably work standard problems in microeconomic theory using calculus based techniques and methods. Topics to be covered may include the theory of the consumer, theory of the firm, market equilibrium, general equilibrium, welfare measurement, market structures, risk and uncertainty and information economics.
Prerequisite: ECO 501 and ECO 511 or ECO 244 or equivalents

3 credits

Macroeconomic Theory: This is a graduate level one semester compact course on macroeconomics, which provides an advanced treatment of macroeconomic theory and policy. In this course, students will develop analytical skills in solving and constructing macroeconomic models. The advanced topics covered will include topics such as: the Solow growth model, infinite horizon and overlapping generations models, endogenous growth model, the real business cycle model, unemployment and inflation. The course assumes a prior knowledge of undergraduate macroeconomics (ECO 104 and ECO 204) or ECO 512. It entails extensive use of calculus, algebra and graphs.
Prerequisite: ECO 512 or ECO 204 or equivalents

3 credits

International Trade Theory: This course offers advanced treatment of trade models as well as incorporates new developments in international trade theory. Topics include preliminaries of two sector models, advanced treatment of Heckscher-Ohlin-Samuelson model and HOV, many goods and factors, trade in intermediate inputs and wages, increasing returns and Gravity Equations, gains from trade and regional agreements.
Prerequisite: ECO 328 or equivalents

3 credits

International Financial Economics: This course offers an advanced treatment of the financial and macro aspects of International Economics. Topics include : various concepts and measurement of exchange rates, traditional and modern theories of exchange rate determination, expectations and exchange rate dynamics, effectiveness of devaluation, monetary approach to balance of payments, Krugman’s model of balance of payments crisis, hedging exchange rate risk - futures, options and currency swaps, multinational corporations and foreign direct investment, international financial markets, role of international financial institutions, financial crisis, and objective analysis of recent issues in international financial system and common currency.
Prerequisite: ECO 204 or ECO 328 or equivalents

3 credits

Financial Economics: This course addresses the basic and some of the advanced issues of Financial Economics ranging from discussions of basic concepts of Financial Economics like expected utility theorem, choice under uncertainty, pure exchange economies, preference representation and risk aversion and also the characteristics, and valuation techniques and macroeconomic implications of basic financial assets, like bonds, equities and different types of financial derivatives. Other topics include risk, arbitrage, law of one price, capital asset pricing model (CAPM), financial markets, emerging financial markets, efficient market hypothesis, explaining anomalies in theory, behavioral finance, and real options.
Prerequisite: ECO 204 or equivalents

3 credits

Development Economics: This is an advanced course on economic growth and development. It offers an analytical exposition of selected topics in growth theory and development economics. It covers neoclassical and new growth theories and their relevance to understand the dynamics of developing economies. The course also provides a modern treatment of some of the traditional theories of growth and development. Finally, it covers some current applied issues in development. The course assumes a prior knowledge of a first course in development economics as well as a sound understanding of intermediate level micro and macroeconomics. It entails an extensive use of calculus, algebra and graphs.
Prerequisite: ECO 350 or equivalents

3 credits

Advanced Methods in Development Research: The main objective of this course is to lay the philosophical and methodological foundations of development research, both qualitative and quantitative. The course focuses on the bivariate and the multivariate analysis such as multiple regressions, analysis of variance and experimental designs, canonical correlation, multiple classification analysis and path analysis in the context of development research. Furthermore, stochastic statistical method such as Markov Chain Analysis and Cohort Analysis will be covered. For qualitative methods, the course begins with a critical appraisal of participatory method and focus group discussions, and focuses on thick narratives, case study method, and content analysis. Other recent methodologies used in development research will also be covered.
Prerequisite: ECO 173 or equivalents

3 credits

Economics of Exhaustible Resources: Topics include resource allocation under externality, intertemporal equilibrium, ecological and environmental models, production of depletable resources, optimal depletion of exhaustible resources, taxation of exhaustible resources, price movements in resource market, and laws and rules related to conservation of natural resources of Bangladesh.
Prerequisite: ECO 303 and ECO 244 or equivalents

3 credits

Special Topics in Environmental Economics: This course deals with the economics of pollution, taxation and optimal pollution, standards, taxes and subsidies, marketable permits for emission trading, pollution-control policy in mixed economy, global pollution policy and a set of case studies and policies on environment in the developing countries.
Prerequisite: ENV/ECO354

3 credits

Panel and Limited Dependent Variable: Topics include advantages and disadvantages of panel data, different kinds of static panel estimation such as fixed-effects, random-effects, and random coefficients model, dynamic panel data models such as Arelano-Bond, rationale for nonlinear models, binary choice models such as logit, probit, and tobit estimation, latent variable, sample selection, and Heckman’s two step method.
Prerequisite: ECO 502

3 credits

Time Series Model: Topics include dynamic regression models, univariate time series models such as AR, MA, and ARMA, trend and difference stationary models, time series models of heteroscedasticity such as ARCH, GARCH, EGARCH, Kalman filter, stationary dynamic systems such as VAR, impulse response function, non-stationary dynamic systems, unit root, cointegration, and error correction model.
Prerequisite: ECO 502

3 credits

Advanced Mathematical Economics: This course addresses basic and some of the applications of advanced mathematical concepts in Economics. The course starts with necessary discussion on real analysis. After proper foundation the course develops into nonlinear programming applied to standard utility and/or production maximization. Topics on economic dynamics like dynamic market models, dynamics of inflation and unemployment, overlapping generation models, and stochastic calculus with special application to economics (portfolio allocation, risk-return calculation etc.) will also be included.
Prerequisite: ECO 501

3 credits

International Trade Policy : The course applies the theory of international economics to the problems of policy design such as import tariffs and dumping, import quotas and export subsidies, political economy of trade policy, trade and endogenous growth, multinationals and organization of the firm, trade and environment, trade and labor standard, and the WTO.
Prerequisite: ECO 328

3 credits

Monetary Economics: Topics include empirical evidence on money and output, money in a general equilibrium framework, money and transactions, money and public finance, money and output in the short run, money and the open economy, the credit channel of monetary policy, discretionary policy and time inconsistency, monetary policy operating procedures, and interest rates and monetary policy.
Prerequisite: ECO 304

3 credits

Game Theory: Topics include Static Games of Complete Information: Normal Form Representation of Games; Dynamic Games of Complete Information; Dynamic Games of Complete and Perfect Information: Two-Stage Games of Complete but Imperfect Information; Sub game Perfection, Repeated Games; Dynamic Games of Complete but Imperfect Information; Static Games of Incomplete Information: Static Bayesian Games and Bayesian Nash Equilibrium; Dynamic Games of Incomplete Information: Introduction to Perfect Bayesian Equilibrium; and Signaling Games.
Prerequisite: ECO 303

3 credits

Agricultural Economics: Topics include Household Economics; Migration and Rural Labor Market; The Rural Land Market and Physical Constraint to Growth in Agricultural Production; Analysis of Agricultural Production System: Understanding Production Issues, Stagnation in Backward Agriculture, Tenancy and Efficiency, Technology, Ecology and Productivity; Market Structure, Marketing Issues and Agricultural Price Formation; Agrarian Relations; Risk and Insurance in an Agricultural Economy; and Issues in Macroeconomics and Agriculture.
Prerequisite: ECO 303

3 credits

Applied Econometric Forecasting: Topics include basics of forecasting, modeling and forecasting trend, modeling and forecasting seasonality, characterizing cycles, modeling cycles: MA, AR, and ARMA models, forecasting cycles, forecasting with regression models, evaluating and combining forecasts, unit roots, stochastic trends, ARIMA forecasting models and smoothing, and forecasting macro economy of Bangladesh.
Prerequisite: ECO 372

3 credits

Project Analysis and Evaluation: This course deals with project choice, institutional framework, and cost-benefit analysis. It also covers measuring of profitability of a project under different goals, framework of project proposal, logical framework analysis, and project monitoring with special reference to project proposal system used in Bangladesh
Prerequisite: ECO 101 and ECO 104

3 credits

Thesis: A thesis must be an original research of publishable quality. There shall be a thesis supervisor who shall guide the student to complete the research. A thesis must be defended in person by the student in front of a Thesis Examination Committee consisting of 3 to 5 members. Supervisor will serve as the Chairman of the Committee. Thesis defense is open to all interested persons. A student with minimum CGPA of 3.5 is eligible for taking Thesis with prior approval of the Chairman of the Department.

6 credits