Page 40 - BEc_Handbook_2024_2025

SPECIALIZATION AND RELATED ELECTIVE COURSES

1. APPLIED ECONOMICS

EIF2001 LABOR ECONOMICS
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. Explain the labor market theory and various concepts related to the labor market.
2. Use the labor market theory to explain the current issues in labor market.
3. Demonstrate the ability to analyze the government policy towards labor market and
its implications.
Synopsis This course analyzes various aspects in labor market such as the labor market model,
human capital investment, labor mobility, migration and labor turn-over, discrimination in
labor market, labor union, wages differential, unemployment and government policies
related to labor market.

Medium of English
Instruction

Assessment Continuous Assessment : 60%
Weightage Final Examination : 40%

EIF2002 ENVIRONMENTAL ECONOMICS
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. Explain environmental economics and related theories.
2. Analyse environmental issues through activities outside the classroom.
3. Form an awareness of the importance of conserving the environment.

Synopsis This course will focus strongly on theories of environment in order to broaden the
students’ understanding of the scope of environmental economics. The efficient market
theory emphasizes on the role of markets in achieving optimum allocation of resources.
In reality, market failure may happen under certain circumstances. This course will
emphasize the argument that market failure will lead to externalities related to
environmental problems and solutions need to be adopted to minimise environmental
degradation. Discussion will also focus on the need for development that leads to
environmental sacrifice. The course will also highlight the issues and the state of
environment in developing countries.

Medium of English
Instruction

Assessment Continuous Assessment : 50%
Weightage Final Examination : 50%