Center of Excellence in Higher Education
The First Private University in Bangladesh

Dr. Asad Karim Khan Priyo

Full-Time Faculty
Assistant Professor

PhD in Economics (Specialization: Macroeconomics & Finance), University of Toronto, Canada

MA in Economics, York University, Canada

Phone: +880-2-55668200 Ext- 1812
Office: NAC 831 (A)

Curriculum Vitae

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Dr Asad Karim Khan Priyo completed his Bachelors in Business Administration with a major in Finance and minor in Economics from North South University, Bangladesh and received the Chancellor’s gold medal from the President of Bangladesh for being the valedictorian of the class of 2004. He completed his MA in Economics from York University, Canada, and obtained his PhD in Economics from the University of Toronto, Canada.

Dr Priyo’s PhD thesis titled “Essays on Macroeconomics and Finance” analyzes the determinants of cross-country sectoral productivity differences, excess reserve holdings of U.S. commercial banks and excessive continuation by U.S. firms. Dr Priyo has extensive experience in conducting research, workshops, and seminars in the area of Economics and Finance. His expertise includes macroeconomic modelling - Computable General Equilibrium (CGE) modelling in particular - and empirical analysis based on micro-level data and experiments. His publications and working papers, including publication in The B.E. Journal of Macroeconomics, cover topics such as cross-country income differences, labor market distortions, investment decision making, impact of exchange rate regime change on currency value, impact of risk and ambiguity aversions on technology adoption, impact of risk and uncertainty in decision-making of financial institutions, regulatory issues in financial innovation for SME-s, and regulations, efficiency and cost associated with Government to Business (G2B) services in Bangladesh. He has hosted and participated in numerous seminars, conferences, and workshops in his areas of expertise at home and abroad. 

Publications in Peer-reviewed Journals:


"Sector-Specific Capital, Labor Market Distortions and Cross-Country Income Differences: A Two-Sector General Equilibrium Approach." The B.E. Journal of Macroeconomics: Vol. 12: Iss. 1 (Topics, 2012): Article 3. (The final publication is available at: [Link]


"How Do Bangladeshi Investors Take Decisions? An Ethnographic Decision Tree Model of Stock Selection." With Ashiqul Haq Chowdhury. 
North South Business Review. (School of Business and Economics, North South University): Vol. 10: Iss. 2 (June 2020): 107-132. [Link]

“A Comprehensive Exploration of the Digital Startup Ecosystem of Bangladesh.” With Zaki Md. Adnan. North South Business Review. (School of Business and Economics, North South University): Vol. 9: Iss. 2 (June 2019): 66-102. [Link]

"Impact of Exchange Rate Regime Change on the Value of Bangladesh Currency.” Social Science Review (Faculty of Social Science, University of Dhaka, ISSN: 1562-269x): Vol. 26: Iss. 1 (June 2009): 185-214. [Link]

Working Papers:

"Excess Reserve Accumulation and Credit Crunch in U.S. Commercial Banks during the Global Financial Crisis.” [Link]

“Overinvesting Via Delayed Exit: An Empirical Investigation of the Cost of Excessive Continuation”
 With Mohammad M. Rahaman and Varouj A. Aivazian. [Link]

“Mobile Financial Services in Bangladesh: An Investigation of Affordances.”  With Ummaha Hazra. [Link]

“Measuring Group Selection Effects on Attitudes toward Uncertainty: Experimental Evidence from Bangladesh.”  With Ahsanuzzaman and Kanti Ananta Nuzhat. [Link]
"Understanding the Stock Market Investment Decisions of Bangladeshi Investors: A Thematic Content Analysis Approach." With Ashiqul Haq Chowdhury and Ummaha Tul Hazra. [Link]

Policy Research:

1. Member of the Economic Research Group (ERG) research team in the project “Baseline Surveys to Track and Document Government Service Delivery Mechanism for Bangladesh Investment Climate Fund (BICF) Program Phase II” during the period December 2017 –December 2018. The objective of the project was to assist the World Bank Asad Karim Khan Priyo Professional Affiliations and Activities Group (WBG) Monitoring and Evaluation (M&E) Cell to conduct a number of baseline surveys to track the Government to Business (G2B) service delivery mechanisms for a selected set of government services for businesses, and to document perception and recommendation on G2B services and opportunities for further improvements.        

Main responsibilities: Undertook review of literature, designed process mapping, developed survey questionnaires, analyzed  data and reported the findings of G2B service delivery of BSTI (Certification Mark License) and EPB (GSP Certificate of Origin). 

2. Member of the ERG research team in the project “Innovative mSE Financing Products and Delivery Channels in Bangladesh: Opportunities and Challenges” during the period November 2017 – August 2018. The objective of the project (which was funded by the UK Aid and implemented by Bangladesh Bank and Monetary Regulatory Authority, Bangladesh) was to understand the regulatory barriers in launching, operationalizing, pilot-testing and up-scaling innovative financing products and delivery channels, as well as to understand the regulators’ views on the justifications of keeping regulations so that an enabling regulatory environment is created to ease the financing constraints faced by mSEs and recommend areas of further improvement.           
​​Main responsibilities: Conducted detailed survey of the literature to identify relevant international experience, participated in conducting interviews and FGDs of the relevant stakeholders and took part in writing the report and presenting the findings.

Newspaper Article:

“What students think about online class and assessment in private universities.”  With Ummaha Hazra. The Daily Star. (May 7, 2020). [Link] 


  • Research Grant worth BDT 4,00,000 for conducting research on “Attitudes Towards Uncertainty with Communication, Technology Adoption and Insurance Take up: Evidence from a Framed Field Experiment in Bangladesh.” With Ahsanuzzaman and Kanti Ananta Nuzhat, 2017.
  • Department of Economics Award: H. Stanley Hunnisett Fund 2013-14, University of Toronto
  • Department of Economics 2013 Award for Excellence in Teaching by Teaching Assistants, University of Toronto
  • Doctoral Completion Award (DCA), 2012-13 and 2011-12, School of Graduate Studies, University of Toronto,
  • Ontario Graduate Scholarship (OGS), 2011-12
  • University of Toronto Fellowship, 2007-2011
  • Connaught Tuition Award,2007, University of Toronto,
  • International Tuition Fee scholarship - York University
  • Chancellor’s Gold Medal from the honorable President of the People’s Republic of Bangladesh for being the Valedictorian of the class of 2004 of North South University.
  • Scholarship worth 50% of tuition received from North South University from Summer 2000 to Summer 2003
  • Award of Appreciation from North South University Debating Club (Bangladesh), Acclamatory award & Life Membership award from Notre Dame Debating Club (Bangladesh), Life Membership award from Notre Dame Chess Club (Bangladesh)

PhD in Economics
University of Toronto, Ontario, Canada, 2014
Thesis: Essays on Macroeconomics and Finance
Thesis Committee: Xiaodong Zhu (Supervisor), Gustavo Bobonis, Varouj A. Aivazian

MA in Economics
York University, Ontario, Canada, 2006
CGPA: 9/9

BBA,  Major: Finance, Minor: Economics
North South University, Dhaka, Bangladesh, 2004
CGPA: 3.99/4; Valedictorian of the class of 2004

Assistant Professor
Department of Economics 
School of Business and Economics
North South University, Dhaka, Bangladesh
Date of joining: January 1, 2015

Course Instructor
Microeconomic Theory (2nd year undergraduate level course)
Department of Economics, University of Toronto
September 2011 – April 2012

School of Business, North South University, Dhaka, Bangladesh 
September 2006 – August 2007
September 2007 – August 2013 (study leave)
September 2013 – August 2014 (extraordinary leave)

International Marketing Coordinator
International Marketing Communication Division
Bangkok Pattaya Hospital, Pattaya City, Thailand
August 2004 – July 2005

Graduate: Macroeconomic Theory (ECO 504), Macroeconomic Analysis (ECO 512), Economic Conditions Analysis (BUS 530), Investment Theory (FIN 637)

Undergraduate: Introduction to Business (BUS 101), Introduction to Macroeconomics (ECO 104),  Intermediate Microeconomics (ECO 204 at University of Toronto),  Investment Theory (FIN 435)

  • Executive Committee Member representing Bangladesh for the period 2019-20, Association for Economic and Development Studies on Bangladesh (AEDSB)
  • Senior Research Fellow at the Economic Research Group (ERG), Bangladesh
  • Conducted “Independent Review on Impact Assessment and Coping up Strategies of Graduation from LDC Status for Bangladesh, Zero Draft, April 2019.” With Sajjad Zohir and Wahiduddin Mahmud. (June 27, 2019). Submitted to: General Economics Division (GED), Bangladesh Planning Commission.
  • Reviewer of the final shortlisted applications for the 2019 Bangladeshi SDG Pioneers, the winners of which will represent Bangladesh in the Global SDG Pioneer program launched by the United Nations Global Compact
  • Reviewer of the BER Annual Economists’ Conference 2019 on “Inclusive Growth for Sustainable Development” held during July 6-7, 2019 organized by the Bureau of Economic Research (BER) and the Department of Economics, University of Dhaka
  • Refereed articles for The International Journal of Financial Economics (Canada), Business & Economic Review (Pakistan)” and The Bangladesh Development Studies
  • Member of the Scientific Committee for the 4th International Conference on Economics and Development 2020 (ICED 2020) to be held during December 3-4, 2020 in Colombo Sri Lanka
  • Member of the Scientific Committee for the 6th International Conference on Poverty and Sustainable Development 2019 held during December 5-6, 2019 in Colombo, Sri Lanka under the theme “SDG 1: A World free from Want: Poverty and Social Exclusion in the 21st Century”
  • Member of the Scientific Committee for the 3rd International Conference on Economics and Development 2019 (ICED 2019) held during June 13-14, 2019 in Bangkok, Thailand
  • Member of the Scientific Committee for the 5th International Conference on Poverty and Sustainable Development (ICPSD 2018) held during December 6-7, 2018 in Colombo, Sri Lanka
  • Member of the Scientific Committee at the 2nd International Conference on Economics and Development 2018 (ICED 2018) held during June 20-21 June, 2018 in Colombo, Sri Lanka under the theme “The Green Economy and Sustainable Development: Towards a New Research and Policy Agenda.”
  • Member of the Scientific Committee for the 4th International Conference on Poverty and Sustainable Development (ICPSD 2017) held during December 5-6, 2017 in Colombo, Sri Lanka under the theme "Strategies for meeting SDGs: Ending Poverty in all its Forms Everywhere"

Macroeconomics, Bank Finance, Corporate Finance, Economic Growth, Development Economics, Labor Economics, International Economics