Course Outline for Civil HUM-103

Part A
1. Course Code: HUM-103

2. Course Title: Engineering Economics

3. Course Type: Core Course

4. Level/ Term: Level: 1 Term: I

5. Academic Session: 2020-21

6. Course Teacher:

1. Mrs. Mahmuda Akhter Khanam, Assistant Professor, Department of Humanities, CUET.

7. Prerequisite(s): None

8. Credits: 2

9. Contact Hours: 3 hours of lab work per week

10. Total Marks: 200

11. Rational of the Course:

The course focuses on economic and cost analysis of engineering projects, giving insights
on modern techniques and methods used on economic feasibility studies relating to design and
implementation of engineering projects. It provides a sound understanding of concepts and
principles of engineering economy and to develop proficiency with methods for making rational
decisions regarding problems likely to be encountered in professional practice.
12. Course Content:
Fundamental Concepts: Definition and scope of economics, demand and supply and their
elasticity, market equilibrium, consumer behavior and producer behavior, cost and revenue
theory, price theory under different market structure, market economy and mixed economy.
Introduction to Income Determination: Basic concepts-GNP, GDP, investment, inflation
demand and supply side equilibrium, fiscal policy and monetary policy, demand and supply in
the labor market and its equilibrium.
Development Economics Models and Methods: Growth vs. development, input–output
analysis, tax structure and their applicability in Bangladesh, share market, foreign currency
reserves, economic planning and development problems related to technology, agriculture,
industry and population of Bangladesh, characteristics of five years plan of Bangladesh.
International Economics: The pure theory of international trade, theory of commercial policy
WTO, IMF and World Bank, theory of economic integration.

12. Course Objectives:

 The main objective of the course is to introduce engineering students with the
knowledge of the fundamental and technical concepts of economics.
 To analyze the basic theories of economics in critical thinking and problem solving.
 Students will be able to demonstrate an awareness of their role in the global
economics environment.
 Students will be able to make decisions using cost-benefit analysis.
 Students will identify the policy options and their effectiveness.
 Understanding importance of international relations to trade and finance.

13. Course Learning Outcomes (CLOs) and Mapping of CLOs with Program
Learning Outcomes (PLOs)

a) CLOs

CLO1 Understand the basic terminology of microeconomics and how changes in supply and
demand impact the market equilibrium.
CLO2 Analyze market for cost estimation also gain knowledge about open economy and
different exchange rate policies.
CLO3 Distinguished between different market structures.
CLO4 Describe the simple circular flow of income with withdrawals and injections.
CLO5 Determine about the whole economic activity of the country and different policy
making effects of the government.
 b) Mapping of CLO with PLO
Program Learning Outcomes (PLOs)
CLOs
PLO1 PLO2 PLO3 PLO4 PLO5 PLO6 PLO7 PLO8 PLO9 PLO10 PLO11 PLO12

CLO1 1 2 1
CLO2 1 1 2 1
CLO3 1 1 1 2 1
CLO4 1 1 1 2 1
CLO5 2 2

Part B
14. Course plan specifying content, CLOs, co-curricular activities (if any), teaching
learning and assessment strategy mapped with CLOs
` Topic Teaching-Learning Assessment Corresponding
Methodology Method CLOs

Week-01 Fundamental  Lecture and ppt Assignment CLO-1

concepts of
Economics,
demand, supply
and market
equilibrium,
Mathematical
application

Week -02 Elasticity of  Lecture and ppt Class test CLO-1

demand and
supply, utility

Week -03 Indifference curve  Lecture Class Test CLO-1

analysis,  Assignments
Final Exam
consumers surplus,
producers surplus, Assignments
mathematical
illustration

Week -04 Producer’s theory,  Lecture Class Test CLO-2

 revenue curve Final Exam

Week -05 Cost theory and  Lecture Class Test CLO-2

profit function  Assignments
Final Exam
Assignments

Week -06 Market structure  Lecture Class Test CLO-2

 Assignments
Final Exam
Assignments

Week -07 National Income  Lecture Class Test CLO-4

Analysis  Assignments
Final Exam
Assignments

Week -08 Aggregate supply  Lecture Class Test CLO-4

and aggregate
Final Exam
demand

Week -09 Consumption,  Lecture Class Test CLO-4

saving function,  Assignments
Final Exam
and investment
function. Assignments

Week -10 Money, fiscal  Lecture Class Test CLO-3

Policy, and  Assignments
Final Exam
monetary policy
Assignments

Week -11 Mixed economy  Lecture Class Test CLO-3

 Assignments
Final Exam
Assignments
 Week -12 Inflation,  Lecture Class Test CLO-5
Unemployment
Final Exam

Week -13 International  Lecture Class Test CLO-5

Trade, WTO, IMF
Final Exam

Part C
15. Assessment and Evaluation

l) Assessment Strategy

2) Marks distribution:
a) Continuous Assessment: 30%
b) Summative: 70%
c) Make-up Procedures:
 Feedback on continuous assessment is given to the students immediately after
the test.
 The minimum number of class-test/assignment are (n+1) with best n will be
counted (here, n is number of credit). Based on the students’ feedback
additional class-test/assignment may be taken by the course teacher

Part D
16. Learning Materials

1) Recommended Reading
 Dr. Mohammad Saiful Islam, “Microeconomics”.
 H. L. Ahuza, “Modern Economics”.
 Dorn Bush and Fishcher, “Macroeconomics”.
 Domnick Salvatore, “International Economics”.
2) Others
 Handout/lecture material provided by the course teacher