BEC 2371: Advanced Economics (August 2023)

This is an extended analysis of the Microeconomics and Macroeconomics courses. This course intends to discuss advanced topics in economics to equip students with extensive knowledge in economics necessary to make both firm-level and macro-level decisions. This is a compulsory course covering the concepts, theories, and applications of advanced economics. First module of the course focuses on economic models, testing the validity of models and discussion on importance of models in economics. Then the foundation of economics is discussed under economic thought in the second module. Third module focuses on the cost-benefit analysis and welfare economics. At the end of the course, students will have an enhanced ability to understand and critically assess contemporary advanced economic concepts across a broad spectrum of economics. Microeconomics, Macroeconomics, Business Mathematics, Business Statistics and Mathematical Economics are pre-requisites for this course.

BEC 2372: Mathematical Economics (August 2023)

The course of Mathematical Economics extends the discussions of Business Mathematics and Business Statistics into its applications in Economics. This course consists with two modules. First module of the course discusses the applications of mathematical methods in investigating economic theories and scrutinising issues available in economics. It covers applications of linear and non-linear models, differential calculus, integration, differential equations, matrix algebra and continuous time models. The course permits formulation and derivation of key relationships in a theory with clarity, generality, rigour, and simplicity. Second module of the course discusses the basic econometric tools used to analyse the real-world economic activities. It focuses on applications and issues related to estimation, inference, and linear models. Pre-requisites of this course are Business Mathematics, Business Statistics, Microeconomics and Macroeconomics.