The “Master of Economics and National Development” programme at CUST seeks to cultivate the analytical and critical skills relevant to economic development. Thus it provides the rigorous quantitative training helping the students develop the ability to access, process and interpret a variety of data.
The objectives of this graduation programme are as follows:
1. Create qualified professional economists to find their position in the public and private sectors nationally or internationally.
2. Provide graduates with the opportunity to learn economic theory and methods and apply them to make economic decisions, and to engage in economic research.
3. Enable graduates to use economic theory, methods, and research to explain various complex social phenomena, identify social problems, and put forward recommendations.
4. Enable graduates to communicate economic ideas orally, in writing, and using computer technologies.
5. Sharpen the students’ analytical skills through integrating their knowledge of the economic theory with the decision making techniques in Business.
The learning outcomes of this programme are as follows:
1. Explain what is meant by economic efficiency and the mechanism by which competitive markets lead to an efficient allocation of resources, and discuss the potential for efficiency-improving government intervention into inefficient markets.
2. Learn how to analyze large amounts of data employing statistical and econometric methods and software with a view to extracting the important information and drawing inferences, which enable them to provide insightful feedback to businesses.
3. Use the basic models of consumer and firm theory to derive consumer demand and firm input functions, and why real and nominal values matters for understanding consumer and firm behavior.
4. Understand the economic issues and problems faced by individuals, organizations and society in general, and suggest measures in terms of allocation of resources to overcome such difficulties.
5. Recognize that markets fail to efficiently allocate resources in the presence of externalities, market power, and imperfect information.
The fields where graduates of “Master of Economics and National Development” programme of CUST can be employed are as follows:
1. International Economic Cadre (Asian Development Bank, World Bank, International Monetary Fund, World Health Organization etc).
2. Bangladesh Civil Services – Administrative, Economic and Foreign Cadre.
3. Stock-broking firms, National and Multinational Banks.
4. Donor Agencies and NGOs and INGOs, Financial Institutions and Consulting Firms.
5. Economic and Foreign Trade Sections of Embassies and High Commissions functioning in Bangladesh and elsewhere
6. Research Institutes, Policy Institute and other Think Tanks
7. Faculty in different universities and colleges, and specialists/consultants in training and management development.
The “Master of Economics and National Development” programme at CUST has a curriculum that blends all basic, contemporary and advanced economic theories and specially designed for students with prior understanding in economics or a cognate discipline with a strong analytical capability. The programme is very effective for students, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors and it also offers an appropriate foundation for further PhD study. The programme essentially equip the students with key capabilities to work in fields such as development organizations, financial markets, business, banking, and consulting in both the private and public sectors. The very uniqueness of “Master of Economics and National Development” at CUST is its long industrial attachment for as high as 09 credits (equivalent to 3 courses) where students come to know the relevance of “what we teach” and “what is being practiced in the field”. Such attachment thus serves as an important feedback mechanism for CUST to know the existing gap and to bring out desirable changes in its course contents, if needed. Importantly, during the industrial attachment, for 09 credits, the competent resource personnel of the concerned industry would serve as guest faculties of CUST and the assessment for those credits will essentially be done by them. Besides, as an employer you will have the opportunity to know the potential of a student before they are actually employed in your firm. It may be mentioned here that at CUST all lecturers and staff are passionate about the future of their respective industries and the students whose minds they shape and groom. Here efforts are always on to maintain the integrity of our courses and graduates by continuously shaping and updating the syllabus around industry needs and trends.