Course Title Principles of Economics

Course ID HUM 701

Course Program Undergraduate,  B.Arch,  

Course Type Optional Theory

Credits 2.00

Credits Hours 2 Hrs/WK

Semester Block A

Prerequisite None

Course Offered Yes

Description Introduction to Economics; economics and architecture; fundamental economic problems; branches of economics. Microeconomics: consumer behavior, theory of demand and supply and their elasticity; price determination; indifferent curve technique; factors of production; marginal analysis and optimization; market structure; theory of production; theory of costs; internal and external economies and diseconomies of scale of production. Macroeconomics: national income analysis; aggregate demand and aggregate supply; savings and investment; circular flow of income and expenditure; inflation; money; monetary policy, fiscal policy and trade policy with reference to Bangladesh; nature of an economic theory and the applicability of economic theories to the problems of developing countries; planning in Bangladesh.