North South University

Department of Economics

MS in Economics

Master in Development Studies

Bs in Economics

Economics is one of the most prestigious and intellectually demanding pursuits of knowledge. From its inception, therefore, North South University established the Department of Economics on a sound footing with a set of dynamic academic programs managed by a highly qualified faculty for competent teaching and research in this rich field of knowledge. Most of the faculty members are reputed and known at home and abroad for their teaching and research achievements. They are dedicated to make the department a Center of Excellence in Economics in Bangladesh.

Chairman

Dr. Mohammad Ali Rashid, Professor
Ph.D. in Economics
Newcastle University, Australia

Academic Programs:

The Department offers programs at both graduate and undergraduate levels. The bachelor degree program, BS in Economics, started in 1993 and master degree program, MS in Economics, started in 1994. Master in Development Studies (MDS) was introduced in January 2002 with an objective to enhance the competence and skills of the students as development practitioners. Besides, the department offers minor in economics for students enrolled in other bachelor programs at NSU.

MS in Economics (REVISED CURRICULUM)

Economics is the first academic department at NSU to offer graduate studies. The Master of Science (MS) in Economics at NSU is a degree program specially designed for students with a research bent of mind. MS in Economics is a 30 credit program and it has six broad spe-cializations: International Economics, Financial Economics & Banking, Development Eco-nomics, and Environmental & Natural Resource Economics, and Econometrics. It has two alternative modes: one with thesis, and another without thesis.

Requirements for the MS degree in Economics are:

1. Core Courses: (12 credits, Minimum CGPA requirement 3.0)

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 501	Mathematical Economics	3
ECO 502	Econometric Method	3
ECO 503	Microeconomic Theory	3
ECO 504	Macroeconomic Theory	3
Total:		12

2. Field Courses: (6 credits, Minimum CGPA requirement 3.0)

a) International Economics

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 611	International Trade Theory	3
ECO 612	International Financial Economics	3
Total:		6

b) Financial Economics & Banking

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 621 or	Financial Economics	3
ECO 612	International Financial Economics	3
ECO 622	Banking and Financial Institutions	3
Total:		6

c) Development Economics

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 631	Development Economics	3
ECO/DEV 570	Methods and Tools in Development Research	3
Total:		6

d) Environmental and Natural Resource Economics

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 641	Economics of Exhaustible Resources	3
ECO 649	Special Topics in Environmental Economics	3
Total:		6

e) Econometrics

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 651	Panel and Limited Dependent Variable	3
ECO 652	Time Series Model	3
Total:		6

3. Elective Courses: (6 credits)

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 681	Advanced Mathematical Economics	3
ECO 682	Contemporary Economic Ideas*	3
ECO 683	International Trade Policy	3
ECO 684	Monetary Economics	3
ECO 685	Quantitative Modelling	3
ECO 686	Game Theory	3
ECO 687	Agricultural Economics	3
ECO 688	Applied Econometric Forecasting	3
ECO 689 / DEV 584	Project Analysis and Evaluation	3
ECO 691	Selected Readings in Economics	3
ECO 692	Special Topics in Economics	3
**		3

* ECO 682 is compulsory for students with no coursework background in economic thought.
** This list also includes any 500 or 600 level courses from MS in Economics, MDS, or MBA or from other Departments.

4. Research Courses: (6 credits, must pass in Thesis or Supervised Research Paper)

Courses	Titles [ Click on Course Title to see in details ]	Credits
ECO 695	Research Based Term Paper	3
ECO 5xx	Course	3
or
ECO 699	Thesis	6
Total:		6

Note:The following courses of MS in Economics which follow the new curriculum can be used as a substitute for the following courses from the old curriculum and may be considered as cross-listed.

New Curriculum	Equivalent Old Curriculum
ECO 502	ECO 572
ECO 611	ECO 528
ECO 612	ECO 530
ECO 631	ECO 550
ECO 641	ECO 589
ECO 649	ECO 590
ECO 682	ECO 505
ECO 683	ECO 580
Total:	8(eight courses)

MS in Economics (OLD CURRICULUM)

Economics is the first academic department at NSU to offer graduate studies. The Master of Science (MS) in Economics at NSU is a degree program specially designed for students with a research bent of mind. MS in Economics is a 30 credit program and it has three broad specializations: International Economics, Development Economics, and Environmental & Natural Resource Economics. It has two alternative modes: one with thesis, and another without thesis.

Requirements for the MS degree in Economics are:

(a) Core Courses: (12 credits)

Minimum CGPA requirement 3.0

Course ID	Course Title	Credits
ECO 503	Advanced Micro Economic Theory	3
ECO 504	Advanced Macro Economic Theory	3
ECO 528	Advanced International Trade Theory	3
ECO 572	Advanced Econometrics	3
Total:		12

(b) Courses for specialization : (6 credits)

International Economics (6 credits):

Minimum CGPA requirement 3.0

Course ID	Course Title	Credits
ECO 580	Trade Policy Analysis	3
ECO 530 or	International Financial Economics	3
FIN 544	International Financial Management	3
Total:		6

Development Economics (6 credits):

Minimum CGPA requirement 3.0

Course ID	Course Title	Credits
ECO 550	Advanced Development Economics	3
DEV 570	Methods and Tools for Development Research	3
Total:		6

Environmental and Natural Resource Economics (6 credits):

Minimum CGPA requirement 3.0

Course ID	Course Title	Credits
ECO 589	Economics of Exhaustible Resources	3
ECO 590	Special Topics in Environmental Economics	3
Total:		6

(c) Elective Courses: (6 credits)

Two courses from a list of selected 500/600 level Economics, MDS & MBA courses.

(d) Research Courses: (6 credits)

Must pass in Thesis or Supervised Research Paper

Course ID	Course Title	Credits
ECO 699 or	Thesis	3
ECO 595 and	Supervised Research Paper	3
One other 500 level course from Economics, MDS and MBA Programs		3
Total:		6

(e) Comprehensive Examination:

Students must also pass through comprehensive examination in micro economics, macro economics and quantitative economics to earn master degree in Economics.

An economics graduate student might be allowed to transfer a maximum of six credits if the credits were completed by the students at NSU or any other respectable university but not used to fulfill their undergraduate degree requirements.

Master in Development Studies

Department has introduced Master in Development Studies program to create efficient development workers and program managers. Graduates from this program will be able to conceptualize development problems, design need-oriented development projects, negotiate development funds with donors, and manage development projects with confidence. The program will also help the students who have been away from academic works for some time but are involved in development programs or projects.

MDS is a 39 credit program. It includes courses on theoretical approaches to development, key development issues at national and international levels and applied courses on development management with policy-oriented focus, as well as internship for field experience.

Credit Waiver Policy

A maximum of 9 credits may be waived by the department in appropriate cases if the such courses were taken outside the curriculum of the entry requirements and are acceptable in terms of its academic contents and standards.

Graduation Requirements

Qualifying Grade: Minimum CGPA 3.0

Credits requirements: 39 credits

Residency requirements: 24 credits

Foundation Courses: (12 Credits )

Courses	Titles [ Click on Course Title to see in details ]	Credits
DEV 501	Basic Economics	3
DEV 502	Basic Sociology and Social Anthropology	3
DEV 503	Economic Analysis for Development Practitioners	3
DEV 504	Research Methodology in Social Science	3
Total:		12

Core courses : (18 Credits )

Courses	Titles [ Click on Course Title to see in details ]	Credits
DEV 563	Economic Development	3
DEV 564	Dynamics of Rural Development	3
DEV 565	Issues in Sustainable Development	3
DEV 566	Studies of Development Organization	3
DEV 567	Program and Project Analysis	3
DEV 573	Dynamics of Urban Development	3
Total:		18

Elective Courses: (6 Credits )

Courses	Titles [ Click on Course Title to see in details ]	Credits
DEV 569	Development Organization Management	3
DEV 570	Advanced Methods and Tools in Development Research	3
DEV 571	Gender and Development	3
DEV 572	Micro Credit and Small Enterprise Development	3
DEV 574	Healthcare and Education Management	3
DEV 575	Environmental Management	3
DEV 576	Poverty and Hunger	3
DEV 577	Corruption and Governance	3
DEV 592	Special Topics in Development Studies	3

At most one open elective may be taken from MBA level courses.

Internship / Fieldwork / Research Paper: (3 Credits )

Courses	Titles [ Click on Course Title to see in details ]	Credits
DEV595 / DEV596 / DEV597	Research Paper / Internship / Field Work	3

Waiver: Maximum 2 from Foundation
Transfer: Maximum 1 from Core/Foundation

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BS in Economics

BS program emphasizes on all round competence in economics. Students in this program will have all the necessary skills for jobs in the related fields and ability to complete successfully higher studies in Economics at home and abroad.

BS in Economics is a 125 credit hour program including a research paper/internship or a thesis. These credits are divided into core, elective, and general education courses. Students must complete 42 credits of general education courses, 47 credits of economics core courses, and 30 credits of elective courses (of which 15 credits must be economics courses). Of the remaining 6 credits students may opt for a 6 credit thesis or a 3 credit supervised research/internship and additional 3 credits course.

Requirements for the BS degree in Economics are:

I. General Education/Science/Liberal Arts/Humanities/Social Science/
Business Course Requirements:

42 Credits

(To be completed during the first two years in the program)

Courses	Titles [ Click on Course Title to see in details ]	Credits
English		6
ENG103	Intermediate Composition	3
ENG105	Advanced Composition	3
Mathematics		9
MAT125	Introduction to Linear Algebra	3
ECO134	Applied Mathematics- I	3
EC0244	Applied Mathematics-II	3
Computer Science		6
MIS105	Introduction to Computers	3
MIS205	Computer Information Systems	3
Business		6
BUS251	Business Communication	3
Any 200 level business course		3
Basic Science		3
Physics/Chemistry/Biology		3
Environmental Science		3
EC0260	Introduction to Environmental and Natural Resource Economics	3
Liberal Arts and Social Science		3
Open Electives		6

II. Economics Core & Research Courses:

53 Credits

A. Economics core courses: (47 Credits)
Courses	Titles [ Click on Course Title to see in details ]
ECO 101	Introduction to Microeconomics
ECO 104	Introduction to Macroeconomics
ECO 172	Introduction to Statistics
ECO 173	Applied Statistics
ECO 203	Intermediate Microeconomic Theory I
ECO 204	Intermediate Macroeconomic Theory I
ECO 249	Economy of Bangladesh
ECO 303	Intermediate Microeconomic Theory II
ECO 304	Intermediate Macroeconomic Theory II
ECO317	Money, Banking and Financial Markets
ECO 328	International Trade Theory & Policy
ECO 350	Development Economics
ECO 372	Introduction to Econometrics
ECO 406	History of Economic Thought
ECO 455	Research Methods and Seminar
ECO 450	Topics in Economic Growth & Development
B. Research (6 Credits)
ECO499	Thesis
or
ECO495 or ECO496	Supervised Research Paper or Internship
and
ECO4XX	One Course

III. Elective courses:

30 Credits

(At least 15 credits must be from Economics prefix courses)

200 level courses	3 Credits
300 level courses	12 Credits
400 level courses	15 Credits

200 level elective courses pool includes the following:

3 Credits

(a) Economics:
Courses	Titles [ Click on Course Title to see in details ]
ECO 250	Economic History of Selected Countries
ECO 253	Economic Development in Asia
ECO 255	Comparative Economic Systems
(b) Non-economics:
ACT202, FIN254
MGT210, MGT247, MGT274,
MKT202, POL260, POL280, PSY245, LAW200
(c) Other approved 200 level courses

300 level elective courses pool includes the following:

12 Credits

(a) Economics:
Courses	Titles [ Click on Course Title to see in details ]
ECO 309	Urban Economics
ECO 314	Public Finance
ECO 315	Agricultural Economics
ECO 329	Contemporary issues in Global Economy
ECO 341	Econ of Labor and Labor Markets
ECO 343	Health Economics
ECO 354	Environmental & Natural Resources Economics
ECO 360	Regional Economics
ECO 380	Industrial Organization
ECO 388	Law and Economics
ECO 399	Foreign Trade of Bangladesh
(b) Non-economics:
ACT331. ACT341. ACT345
MGT314. MGT315, MGT32I, MGT323, MGT343, MGT346, MGT351, MGT39I , MGT392, MGT393 FIN354, FIN357
MKT317, MKT320, MKT337, MKT344, MKT372, MKT380, MKT382
POL328, POL361, POL385
PSY335, PSY357
ENV315, ENV319.
(c) Other approved 300 level courses

400 level elective courses pool includes the following:

15 Credits

(a) Economics:
Courses	Titles [ Click on Course Title to see in details ]
ECO 417	Financial Economics
ECO 430	International Finance
ECO 435	Trade, Technology Transfer and Environment
ECO 436	The WTO & Globalization
ECO 451	Welfare Economics
ECO 460	Mathematical Statistics
ECO 465	Public Choice
ECO 472	Applied Time Series Forecasting
ECO 474	Mathematical Economics
ECO 475	Game Theory with Application in Economics
ECO 482	Model Building in Economics
ECO 484	Project Analysis & Evaluation
ECO 485	Mathematical Programming
ECO 486	Energy Economics and Policy
ECO 489	Economics of Exhaustible Resources
ECO 491	Readings in Economics
ECO 492	Special Topics in Economics
(b) Non-economics:
FIN417, FIN433, FIN435, F1N437, FIN444, MGT489, MKT 472
ACT403, ACT421
ENV403, ENV404, ENV409, ENV410, ENV418
(c) Other approved 400 level courses

Internship

Internship is OPTIONAL for students of BS in Economics. However, students are encouraged to complete a semester of internship (available on request by the Department of Career Services of NSU). Internship is mentioned in the student transcripts.

Minor in Economics

Students doing major in other areas can do a minor in Economics during their undergraduate studies. To receive a minor in economics a student must complete at least 30-credit hours in selected economics courses with a minimum CGPA of 2.5. Twenty-one credits of this shall be from the list of core courses and the rest from the list of elective courses in Economics. The course requirements for Minor in Economics are:

(a) Core Courses: 21 Credits
Courses	Titles [ Click on Course Title to see in details ]
ECO 101	Introduction to Microeconomics
ECO 104	Introduction to Macroeconomics
ECO 172	Introduction to Statistics
ECO 173	Applied Statistics
ECO 203	Intermediate Microeconomic Theory I
ECO 204	Intermediate Macroeconomic Theory II
ECO 249	Economy of Bangladesh
(b) Elective Courses (any three): 9 Credits
From 200 and above level approved Economics Courses.(At least two should be 300 & above level)
Grand Total: 30 Credits

The Department also offers a large number of service courses for students of Business, Computer Science, Environmental Studies and English.

Economics as a Second Major

Department of Economics also offers students of other academic discipline to take economics as their second major. To earn a second major in Economics by a non-econ student, he/she may have to take some additional courses beyond his/her required 120 credits. These students will not, however, receive a BS in Economics degree. Their degree will be named after the program they are already enrolled for but their degree will have a suffix '& Economics', for example, a BBA concentration in Finance student will now get BBA (Finance & Economics). a B.Sc. in Computer Science will get B.Sc. (Computer Science & Economics), BA (Environmental Studies & Economics), B.Sc. (Environmental Science & Economics), etc.

The following list of courses with a total of 42 credits are required to be completed with a minimum CGPA of 2.5 by non-econ students to receive a second major in Economics. (However students of other discipline, particularly business, are in anyway required to take many courses from this list. Therefore, additional course requirement for them to have a second major is not so much.)

Courses	Titles [ Click on Course Title to see in details ]
ECO 101	Introduction to Microeconomics
ECO 104	Introduction to Macroeconomics
ECO 172	Introduction to Statistics
ECO 173	Applied Statistics
ECO 203	Intermediate Microeconomic Theory-I
ECO 204	Intermediate Macroeconomic Theory-I
ECO 249 or	Economy of Bangladesh
ECO 260	Introduction to Environmental & natural Resource Economics
ECO 303	Intermediate Microeconomic Theory-II
ECO 304	Intermediate Macroeconomic Theory-II
ECO 372	Introduction to Econometrics
ECO 3XX	Any TWO courses
ECO 4XX	Any TWO courses

Department of Economics

Academic Programs:

MS in Economics (REVISED CURRICULUM)

MS in Economics (OLD CURRICULUM)

Master in Development Studies

BS in Economics