Economics and Accounting

📚 HUM 2207 3.0 Credits (3 Lectures/Week) 🎯 academic

    Economics

    Nature of the economics theory, Applicability of economic theories to the problem of developing countries, Some basic concepts - supply, Demand and their elasticities, The relationship among average, Margin and total and their derivation, Equilibrium - stable, Straight and Dynamic equilibrium, Producer’s equilibrium-isoquant, Production-factors of production, Production possibility curve-equilibrium of a firm, Fixed cost and variable cost, The short run and the long run, The cost curves and supply curves, Law of returns, Internal and external economics and diseconomies, Economics of development and planning, Basic concept-saving, Investment, GNP, NNP, Per capita income, Growth rate, Policy instruments of development, Fiscal policy, Monetary policy and trade policy and their relative applicability in Bangladesh, Inflation and unemployment cost-benefit analysis, International trade and comparative advantage.

    Accounting

    Introduction: Definition of accounts, its need and importance, Accounting and its environment, Users of accounting information, Generally accepted accounting principles (GAAP), Relationship of accounting with engineering education, Business transactions, Step in the recording process, Rules of debit and credit, Double entry system of accounting, The journal, The ledger, Cash book, The trial balance, Financial statement.

    Cost Accounting

    Concept of cost, Classification of cost, Statement of cost, Operating and service costing, Salary and wages/payroll account.

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