A Study on the Application of Economic Concepts and Theories Pertaining to Shipbuilding Industry of Bangladesh

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A Study on the Application of Economic Concepts and Theories Pertaining To[pic 5]

Shipbuilding Industry

of Bangladesh

A Study on the Application of Economic Concepts and Theories Pertaining To

Shipbuilding Industry

of Bangladesh

Prepared for:

Dr. A.K.M. Saiful Majid

Senior Fulbright Fellow

Professor, IBA, University of Dhaka

Course Instructor: Managerial Economics (E501)

Prepared by:

Md. Mehedy Hasan                 ID: 35

Nisa Nur Majumder                 ID: 36

Sourav Paul                        ID: 37

Fahmeda Ahmed                ID: 38

MBA 52-D

Institute of Business Administration

University of Dhaka

November 9, 2015

November 9, 2015

Dr. A.K.M. Saiful Majid

 Professor

 Institute of Business Administration

University of Dhaka

Subject: Submission of the Term Paper Titled “A Study On The Application Of Economic Concepts And Theories Pertaining To Shipbuilding Industries Of Bangladesh”

Dear Sir,

As per the requirement of the course “Managerial Economics (E 501)”, with reference to the classes we have attended and books we have studied (Economics- Paul A. Samuelson and Willian D. Nordhaus, Principles of Economics- N. Gregory Mankiw and Fundamentals of Managerial Economics- James L. Pappas and Mark Hirschey) we are assigned to work on the Shipbuilding industry in Bangladesh to construct a report with the title “A Study on the Application of Economic Concepts and Theories Pertaining To Shipbuilding Industry of Bangladesh”.

We would like to express our sincere gratitude to you for giving us the opportunity to work in this interesting report. We have created the study plan and have decided the appropriate personnel to contact from the industry. Thank you for giving us the opportunity to submit the term paper. For further information, please feel free to contact us at 01717463191 or mail us at fahmeda_momi@yahoo.com.

Sincerely yours,

Md. Mehedy Hasan

_____________________

Nisa Nur Majumder

_____________________

Sourav Paul

_____________________

Fahmeda Ahmed

_________________

EXECUTIVE SUMMARY

In this report, the shipbuilding industry of Bangladesh has been analyzed from the perspective of economic theories. The application of economic theories has unfolded various aspects of this industry.

One of the most ancient and vibrant sciences in the history is Economics. All the activities of business enterprise revolve around economics. It explains, facilitates and creates. It denotes the cause and effect of every occurrence in the market. The biggest dilemma is to meet all the demands with the scarce resources that human beings have.

We have collected data through exploratory research. Primary data were collected through observation, survey and unconstructed interviews were the methods used.  Secondary data were collected from internal sources as Company’s daily sales statement, Company’s leaflet annual report and other publications etc. The external sources were Different books and periodicals on shipbuilding industry, Government report, Newspaper etc.

This report’s sample frame consists of 21 companies. The sample size for the survey is set at 5, with a confidence level of 95% and a confidence interval of 40. The findings of the report are very positive since shipbuilding is a flourishing industry now. Right now this is the second largest contributor to export after RMG sector. This industry holds a lot of hope for Bangladesh. With the flow the industry is going forward, in the near future Bangladesh will be on the list of shipbuilding giants.

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