BRAC University
Business School, MBA Program, Summer 2014
Eco 502 :Macroeconomics & Business, Section-1
Faculty: Dr.Salehuddin Ahmed
Email: asalehuddin@bracu.ac.bd
Office hours: Monday , Tuesday, Thursday 4.30 p.m. – 6.30 p.m.
Office Room Number: UB 20603
Course outline
Focus
The purpose of this course is to give ideas on economic aggregates such as national
income, employment, investment, inflation, foreign exchange, export and import. This course
will also deal with the policies which influence the macroeconomic aggregates.
This course will have an applied stance with discourse on macroeconomic issues with
reference to Bangladesh and global situations.
Course contents
These generally cover broad aspects and teaching may not follow the exact titles. The
faculty may change any topic below, exclude, and include any topic during teaching of the
course.
1. Concepts and issues of macroeconomics; National Income: concept, components,
circular flow; National Income Accounting in Bangladesh; Business Cycle.
2. Financial system; Monetary policy.
3. Inflation; effects, measures to tackle inflation.
4. Major aspects of budget formulation in Bangladesh; Role of budget in
development and stability of Bangladesh economy.
5. Unemployment: concept, problems of unemployment.
6. Investment: Importance, Measures to increase investment in the economy.
7. Capital Market: Present State, measures to develop it.
8. Foreign Exchange Reserve, Foreign exchange management, Remittances.
9. Bangladesh Economy: Macroeconomic Management, Challenges for sustained
growth, stability and distributional equity.
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Textbooks
1. “Macroeconomics “by N. Gregory Mankiw, Worth Publishers, 6th Edition, Reprinted
2008.
2. “Macroeconomics “ by Rudiger Dornbusch and Stanley Fisher, 6th Ed., Tata McgrawHill, 2005.
GRADING :
Grading will be on the basis of class attendance, examinations, project/term paper and other
assignments, following University rules( details will be informed later).
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