Course Objectives:

• This course focuses on decision making in markets. Microeconomic theory is used to explain behavior of individuals and firms. Consumer theory explains how individuals decide what and how much to buy and production theory describes how firms decide what and how much to sell under different economic environments. These theories, explained using words, tables, graphs, algebra and calculus, form the basic building blocks in understanding market structures such as perfect competition, monopoly, monopolistic competition and oligopoly as well as market imperfections such as externalities and asymmetric information.

Learning Outcomes:

• Explain the basics of microeconomic theory.
• Master the main set of microeconomic concepts useful in analyzing supply, demand, market, and policy issues.
• Understand the nature and consequences of general equilibrium (Pareto optimality)
• Apply microeconomic analysis to economic fields, including health, labor, development, taxation, international trade, etc
• Apply microeconomic concepts and related tools to unfamiliar realworld situations and to critically analyze the effects of alternative policy tools on market outcomes

Indicative Reading:

1. Varian, Hal R. Hal R. Intermediate Microeconomics; a modern approach. No. 04; HB172, V3y. 1987.
2. Eckert, Ross D., and Richard H. Leftwich. The price system and resource allocation. Harcourt School, 1988.
3. Henderson, James M. James M., and Richard E. Quandt. Microeconomic theory: A mathematical approach. No. 04; HB171. 5, H4 1980. 1980.
4. Koutsoyiannis, Anna. Modern microeconomics. Springer, 1975.
5. Perloff, Jeffrey M. Microeconomics: theory and applications with calculus. Pearson Higher Ed, 2017.
6. Nicholson, Walter, and Christopher Snyder. Microeconomic theory: Basic principles and extensions. Nelson Education, 2011.

Course Objectives:

• Explain the classical revolution
• Explain production and employment according to classical theory
• Explain how to derive vertical aggregate supply curve and its implications in the economy
• Explain quantity theory of money and its implications in the economy
• Describe the simple model of determination of equilibrium income according to Keynesian theory
• Describe consumption and savings function, multipliers and effects of fiscal and monetary policies 21
• Explain the demand for money, supply of money and money market equilibrium
• Describe the IS curve, equilibrium in the goods market, the LM curve, the IS-LM model, impacts of contractionary and expansionary monetary and fiscal policy on the IS-LM model, crowding out effect, liquidity trap and derivation of aggregate demand curve
• Introduce the linkages of macroeconomics and health

Learning Outcomes:

• Understand different classical theories and how to apply these theories practically in different situations of the economy
• Know about the behaviour of goods market, money market, bond market in the economy
• Apply the fiscal policy and monetary policy or mixed policy based on different economic situation
• Analyse and Compare different macroeconomic variables for different countries
• Apply knowledge of different macroeconomic theories in the health Sector

Indicative Reading:

1. Blanchard, O. Macroeconomics, 7th edition, Pearson, 2017
2. Shapiro, E. Macroeconomic Analysis, Galgotia; 1990.
3. Dornbusch, R. & Fischer, S., Macroeconomics, McGraw Hill.
4. Froyen, R. T., Macroeconomics: Theories & Policies, 10th edition, Macmillan, 2013.
5. Branson, W.H. Macroeconomic Theory and Policy, 2nd Edition; 1989.
6. Taslim, M. A., and Anis Chowdhury. Macroeconomic analysis for Australian students. Prentice Hall, 1995
7. The Report on Macroeconomics and Health: Investing in Health for Economic Development, WHO Report, the WHO Commissions on Macroeconomics and Health.

Course Objectives:

• Make enable the learner to set an objective considering the economic constraints
• Introduce to the techniques that efficiently applies all factors towards the achievement of the desired objective
• Familiarize with the process to solve different types of decision problems linked to health sector

Learning Outcomes:

• Formulate linear programme to solve different decision problems dealing with various types of constraints
• Evaluate various techniques to determine network optimization problems related to health sector
• Make decisions under different situations or having different levels of information

Indicative Reading:

1. Lapin, Lawrence L. Quantitative methods for business decisions: with cases. Wadsworth Pub Co, 1994.
2. Shogan A W. Management Science, Prentice Hall, 1988.
3. Williams, HP. Model Solving in Mathematical Programming, Wiley, 1993
4. Williams H P. Model Building in Mathematical Programming (3rd Edition), Wiley, 1995

Course Objectives:

• Provide a better understanding of the role of public sector
• Evaluate different government policy
• Designing optimal tax and expenditure for the government

Learning Outcomes:

• Describe the major items of government revenue and expenditure
• Compare explanations for government intervention
• Demonstrate why competition is efficient
• Explain the sources of market failure and potential policy responses 24
• Discuss the design of the tax structure using the concepts of efficiency and equity
• Describe how the level of government expenditures is determined
• Demonstrate how the interaction between jurisdictions affects the choice of policy
• Employ economic analysis to evaluate policy proposals.

Indicative Reading:

1. Browning E.K. and J.M. Browning public Finance and the Price System 3rd Edition, McMillan and Company, 1987.
2. Collis J. and P. Jones Public Finance and public Choice; Analytical perspective.
3. Rosen H.S. Public Finance 2nd edition RD Irwin, 1988
4. Stiglitz, J.E. Economics of Public Sector, 2nd edition, New York: WW Norton 1998
5. Musgrave, R.A. The Theory of public finance: A Study in Public Economics, 1959.
6. Browning, E.K. and J.M. Browning, Public Finance and the Price System, 3rd Edition, McMillan and Company, 1987.
7. Stiglitz, J. &J.K. Rosengard. Economics of the Public Sector, 4th edition. W. W. Norton & Company, 2015.
8. Hindriks , J. &G.D. Myles, Intermediate Public Economics, 2nd edition, MIT Press, 2013
9. Anderson, J.E. Public Finance: Principles and Policy, 1st edition, South-Western College Pub, 2002.

Course Objectives:

• General objective of this course is to give an introductionto theories and methods of Health Economics and how they could be appliedto analyze the functioning of health system and the determinants of health and use of health services.

Learning Outcomes:

• Describe how health care is different from other economic goods
• Explain theories of market justice and social justice and how they apply to health care
• Identify and explain economic concepts and theories related to the behavior of economic agents, markets, and firm structures, social norms and government policies in the field of health care
• Apply economic concepts and models to the fields of demand for health, demand for health services, demand for health insurance, provision of health insurance and provision of health care
• Describe the role of health policy in shaping incentives for consumers and providers

Indicative Reading:

1. J.Culyer and J.P. Newhouse. North-Holland Handbook of Health Economics, Elsevier,2000.
2. Arrow K. Social Choice and Individual Values,1975.
3. Folland, A.C. Goodman and M. Stano, The Economics of health and health Care, Macmillan (3rd edn), 2000
4. Jack , Principles of Health Economics for Developing Countries, World Bank Institute, 1995.
5. S Morris, J Appleby, and D Parkin, Economic Analysis in Health CareLeeK. and Mills A. The Economics of Health in Developing Countries. Oxford. Oxford University Press, 1983
6. McGuire A., Henderson J., Mooney G. The Economics of Health Care: an introductory text. London, Routledge and Kegan Paul, 1988
7. Mills a. and Gilson L. Health Economics for Developing Countries: A Survival Kit, 1988.
8. Zweifel and F. Breyer. Health Economics, O.U.P., 1997.
9. Drummond M F, Sculpher M J, Claxton K, Stoddart G L, Torrance G W (4th edn) , Methods for the Economic Evaluation of Health Care Programmes. Oxford University Press, 2015.
10. Sloan F A, Hsieh C R, , Health Economics. MIT Press, 2015.
11. Gottret P,Schieber G. Health Financing Revisited: A Practioner’s Guide. The World Bank, 2006.
12. Soeg S H , The Economics of Risk and Insurance, Wliey- Blackwell Publication, 2010.

Course Objectives:

• This course offers an introduction to the main theoretical tools and policies that are central to the study of international economics but with an emphasis on application to trade flows, trading blocks and international macroeconomic events that characterize the global economy today. The course relies predominantly on a standard collection of international trade models to understand the motivations behind modern trade policies. The objective of this course is to build the ability to use economic analysis to reach a deeper understanding of international trade.

Learning Outcomes:

• Compare at the level of formal analysis, the major models of international trade and be able to distinguish between them in terms of their assumptions and economic implications
• Identify benefits and limitations of free trade and how global markets work
• Use relevant economic principles to articulate insights into policy issues related to specialisation, trade protectionism, foreign exchange market and balance of payments
• Identify major recent developments in the world trading system and be able to critically analyse key issues raised both by the current round of WTO negotiations and by the spread of regional trading arrangements.

Indicative Reading:

1. Krugman, Paul R. International economics: Theory and policy, 8/E. Pearson Education India, 2008.
2. Sodersten, Bo, and Geoffrey Reed. International Economics, St. Martin’s Press, New York, 1980.
3. Miltiades Chacholiades, International Trade theory and Policy, McGraw-Hill Inc, 1980.
4. E. Caves and R.W. Jones, World Trade and Payments, Little – Brown, 2007
5. Trade in Health Services: Global, Regional and Country Perspectives. Washington DC: Pan American Health Organization, Program on Public Policy and Health, Division of Health and Human Development, 2002.

Course Objectives:

• Provide some basic understanding of public health issues, and its relevance to health economics
• Orient students with the public health system of Bangladesh

Learning Outcomes:

• Familiarize with public health concepts and different public health organizations
• Distinguish between public system of Bangladesh with other countries
• Critically evaluate national health and other related policy

Indicative Reading:

1. David E Lilienfeld, Paul D. Stolley. Foundation of Epidemiology. Oxford University Press, 1994.
2. Leon Gordis . Epidemiology. WB Saunders Company, 1996.
3. Health and Population Sector Programme, 1998-2003, 1998
4. Conceptual Framework for Health Nutrition and Population Sector Programme 2003-2006, 2003.
5. Park and Park. A textbook of Public health (6th Edition), 2000.
6. Rashid, Khabir, Haider. A text Book of Public Health (3rd Edition), 2000.
7. Selim Reza. Public Health, 2000.

Course Objectives:

• Develop the skill of applying modern economic principles (mainly micro) to the analysis of labour markets.
• Understand the wage determination, potential sources of wage differentials and discriminations in the labour market.
• Familiarize with the economic tools of marginal benefit, marginal cost analysis to explain how employers and employees behave under different institutional conditions.
• Explain and evaluate the short run and long run impact of labor market regulations such as minimum wage laws, and unions.
• Understand the cause of labor migration, its impact onlabor market, and policy options.
• Understand the relationship between risk of injury, wage and employee benefits layoffs.
• Develop the knowledge of the empirical evidence on labour market relationships, and the ability to interpret and evaluate that evidence.
• Familiarize with the basic structure of the labor market of Bangladesh.

Learning Outcomes:

• Demonstrate an understanding of basic labor economics theory, including labor market structures and wage determination.
• Apply their understanding of theoretical models to analyze trends in data pertaining to topics in labor economics.
• Construct, defend, and analyze important labor policy issues.
• Use the basic analytical tools employed in modern labour economics.
• Comprehend, assess, and criticize existing empirical work in labor economics.

Indicative Reading:

1. Ehrenberg, R. and R. Smith, Modern Labor Economics: Theory and Public Policy, 9th edition, Addison Wesley, 2006
2. Cahue, P. and A. Zylberberg, Labor Economics, MIT Press, 2004
3. Borjas, G., Labor Economics, 2nd edition, McGraw-Hill, Boston, 2002
4. Ashenfelter, O. et al (eds.), Handbook of Labor Economics, 1999.
5. Bosworth, D., P. Dawkins and T. Stromback, Economics of the Labour Market, Financial Times Press, 1997
6. Social Dimensions of Economic Reforms in Bangladesh, Proceeding of the National Tripartite Workshop, ILO-ARTEP, 1993.
7. Rahman, Mashiur, Structural Adjustment, Employment and Workers: Public Policy Issues and Choices for Bangladesh, University Press Limited, 1994.
8. Khuda, B. “Estimation of Potential Supply of Labour in a Rural Agrarian Society”, The Bangladesh Development Studies, Vol. VII, No.1, 1979, Dhaka.
9. Khuda, B. “Measurement of the Economically Active Population: An Alternative Approach”, The Bangladesh Development Studies,Vol. VII, No.4, 1979, Dhaka.