School of Economics (Course Descriptions)

Courses & Degree Programs
School of Economics

Course Descriptions

Basic economic problems leading to labor divisions in society and economic systems; mechanisms, concepts and theories of micro and macroeconomics in consumption, production, savings and investment of government and private sectors; analysis of the relationships and equilibrium of various markets of both closed and open economies; general guidelines for dealing with basic economic problems.

60221 Economic History and History of Economic Thoughts

The evolution of economic, social and political structures through an analysis of economic problems up to the Second World War; the development of economic throught from the beginning of mercantilism to the present with emphasis on the works of Smith, Malthus, Ricardo, Marx, Marshall and Keynes, and the economic problems of their respective eras.

60222 Thai Economy and Comparative Economic Systems

Comparison of economic systems under capitalism, socialism and Marxism with emphasis on the structure of organizations, institutions, values, objectives and economic behavior of each system; basic structure and changes in the Thai economic system; characteristics of current developements; agriculture; industry; foreign trade; population and labor force; monetary and fiscal policy; regional and urban development; the distribution of income and property; economic ideology, economic systems; and political and social factors affecting the production and distribution of goods and services.

60310 Economics and Business Statistics
General knowledge of statistics; classification and condensation of data; descriptive statistics; random variables and mathematical expectation; probability distribution of some discrete and continuous random variables; sampling distribution; methods of estimation and tests of hypotheses; chi-square tests; analysis of variance, regression and correlation analysis; non-parametric methods; calculation methods and methods for using different types of index numbers; time-series analysis; decision-making under uncertainty according to Bayes' Theory.

60323 Microeconomic and Macroeconomic Analysis

Theories and models of microeconomics : scope and methods of economics analysis; construction of different models; the role of price mechanisms in allocating resources; demand; supply; analysis of consumer behavior and application of theories; production theories; production cost analysis; structure of different types of markets; analysis and evaluation of business units in different types of markets; price determination of factors of production in perfect and imperfect markets; analysis of general equilibrium; introduction to welfare economics.

Theories and models of macroeconomics; analysis of the determination of national income; output; employment and price level; Classic, Neo-classic and Keynesian economic theories; factors affecting consumer demand, demand for investment, money supply; interest rates; government monetary and fiscal policies on employment and price levels; introcution to theory of economic growth.

60330 Economic Growth and Development

Factors influencing economic growth such as land, labor, capital, raw materials, technology, entrepreneurship; aggregated demand, determinants of various types of equilibrium; processes of economic growth and Classic, Neo-classic, Keynesian and Post-Keynesian economic growth models. Economic development; definition, evaluation and positive and negative aspects of economic development; definition and basic characteristics of developing countries; exogeneous factors influencing economic development; eriteria for resource accumulation for economic development; problems and various alternatives in resource allocation; the role of agriculture, industry, foreign trade and human factors in economic development and planning.

60331 Regional and Urban Economics

Regional economics; factors determining area expansion; causes of relocation of economic activities; causes of growth differences in each region; analysis of persistent interregional equalization problems requiring government intervention; theories on regional development; strategies in regional development and basic regional development planning. Urban economics; economic theories related to community crises; urban poverty; national policies for combating poverty; location of economic activities and survival of inner city areas; housing and urban renewal; urban transportation systems; government's role in urban areas; urban size, consumer welfare, prospects for large communities.

60340 International Economics

Systematic study of international trade theories, concepts, and hypotheses including Mercantilistic, Classic, Neo-classic, Ricado's trade theories, Heckcher-Ohlin's trade theories, Leontiefs paradox, Strollper and Samuelson's theories, Rybczynski's theories, and price equalization and production factors theories, analysis of comparative static and dynamic conditions in international trade under different balance of trade situations; balance of payment adjustment process; foreign exchange markets; multinational corporations; international trade policies; international economic organizations; economic development and international trade problems.

60360 Manpower Economics

Human resource economics and manpower planning with emphasis on the importance of human resources in the economic system; concepts concerning human beings; investment for creating human capital; manpower planning techniques; manpower in individual economic sectors; different forms of investment in human capital including investment in education and public health; the use of cost-benefit theory in analysing and evaluating the effects of investment in human resources.

60361 Labor Economics and Relations

Fundamentals of labor economics including definitions of labor, labor market, employment, wages and hours of work; labor relations; history of industrial development; theory of labor unions; relationship between labor unions and labor relations; role and objectives of the government, labor unions nad employers; rules and regulations determining the relations between government, labor unions and employers such as collective bargaining; handling labor disputes and solving disputes conciliation and abitration; female and child labor; hours of work; labor inspection and the content of Thai labor laws; differences in the regulations and practices of labor relations between private and state enterprises; comparison of labor relation systems in democratic countries and others including the evolutionary stages of law and institutions in democratic countries and countries adopting other political ideologies.

60370 Agricultural Economics and Cooperatives

Theory of agricultural production units; structure of resources and demand for agricultural production factors; changes and innovations in agricultural production technology; management of agricultural production units; characteristics of agricultural funds; structures of agricultural markets and institutions.

Definition, characteristics, and significance of cooperatives; hisotry of cooperatives in various countries including Thailand; principles and types of cooperatives; cooperative promotion; administration and management of cooperatives; principles of economic and business cooperatives; limitations of cooperatives.

60371 Agricultural Marketing and Policy

Definition, scope, characteristics and the importance of agricultural marketing; market functions and services; types of markets and middlemen; problems and principles of agricultural extension; fundamental agriculture knowledge including soil, vegetation, animals, water, and climatic conditions; agricultural markets for important products such as rice, maize, cassava, hemp, rubber, swine and poultry.

The importance of agricultural extension, definition, and methods of agricultrual extension management in Thailand; definitions, scope and the importance of agricultural policies; policy formulation; implementation of agricultural policies.

60380 Welfare and Environmental Economics

Theories of welfare economics; social welfare function; principles and thories of private and social costs; distribution of goods and services; Pareto's criteria and optimality; the Second Best Theory; principles of welfare economics problems in economic systems including the planning to meet objectives and the distribution for the well-being of society.

Basic concepts concerning encironmental economics and environmental indicators; application of economic principles and theories to envirnmental problems; cost appraisal of the value of infrastructure; environmental quality standards; effciency and optimal level of environmental control; governmental policies and criteria for managing environmental problems and economic growth.

60410 Econometrics

Definition, concepts and application of econometrics in economic study; linear normal regression models; application of matrix algebra to general linear equaton models; problems encountered in single equation models; simultaneous equation systems; estimation techniques in simultaneous equations system; comparison of various estimation techniques.

60411 Mathematical Economics

Application of mathematics in sutudying economics including linear programing, input-output analysis, game theory for analysis of linear economic models in production and exchange theories; application of economic dynamics to economic growth models; Cobweb and inventory models; production cost theory; fixed point theorems; non-constained and constrained optimization; dynamic models; optimal growth models; other tools used.

60412 Applied Statistics and Research Methodology

Research methods; principles and methods of data processing; sampling methods; important aspects of scientific methods of social and economic research; systematic methods for preparing research project methods proposal; theory and methodology of social and economic research; construction of research concepts, hypotheses, general principles and theories; quantitative methods; comparison of primary and secondary data research; individual research practice; application of research findings for professional use.

60424 Monetary Theory and Pllicy

Characteristics and functions of money and credit; the commercial banking system; expansion and contraction of deposits; sources and use of funds; characteristics of other financial institutions; objectives and functions of the central bank; mechanisms for the control of money supply; basic monetary theories; international monetary systems with emphasis on money and banking in Thailand; the role of money and credit in price determining, employment, national income, interest, and international balance of payments; Thailand's monetary policy.

60432 Economic Planning

Definition and basic concept of the development planning process; techniques and methods of planning and the preparation of development projects; role of the state; organizational set-up and co-ordination of economic development planning; analytical principles of development projects; the importance and definition of maximization of limited resources in planning development projects; principles for the selecting and inclusion of different projects in development plans; project division; project evaluation throgh the analysis of cost-benefit ratio and external economics.

60433 Economic Development Theory and Policy

Theories on economic growth and development from the classical period to the present; various factors affecting economic development; foreign aid; trade and strategies in economic development; balanced and unbalanced growth; import substitution; export promotion; planning and the use of price mechanisms in economic development; monetary and fiscal policies for development; selecting strategies; plans and policies for economic development inThailand; international economic cooperation.

60450 Public Economics

Fundamentals of public finance; the government's role in society; economics and politics; micro and macroeconomic analysis of government revenue and expenditure: theories of public finance under static and dynamic conditions; ceonomic theory as applied to the operation of the government sector; government's role in the economy; theories on the appropriate level of government expenditure; the application of fiscal policies in maintaining economic stability; solving economic problems and promoting economic development.

60472 Industrial Economics and Cost Theory

Importance of the industrial sector in the economy; industrial expansion; industrial development policies and private investment promotion in Thailand; case studies on various types of industries; proprietorship and management control in various types of industries; criteria for selecting industrial locations; criteria for investment decisions by prodcution units in various industries; monopolistic power in industry.

Fundamentals of security investment; characteristics of securities; valuation of securities; risks; rate of return; criteria for investment; analysis of securities and investment timing; security management through case studies.

60481 Poupulation Studies and Demography

Methods of analysis in population; analysis of the importance of population studies in relation to other fields; relationship between poplation and various economic activities; sources of population data including census, registration, and sampling surveys; population make-up; measurement of fertility; mortality; vital statistics tables; migration and distribution of the population; the labor force; population growth and population control.

Theories of population from economics and historical perspectives; population growth; social conditions and economic systems prior the the Pre-Industrial Revolution; population's role in the Industrial Revolution; population growth in developing and developed countries; the role of the government concerning population policies and economic development.

60482 Business Economics and Finance

Application of economic principles to business administration; decision making under condition of uncertainty; concept of profit; forecasting in business and economics; various maket demands; objectives of market surveys; production planning and cost analysis; theory and practice of pricing; expenditure planning; financing of capital goods; analysis of security values; analysis of policies regarding credit terms; investment decision-making; money; commercial banks, the central bank and international banks; the role of each type of financial institution in the economic system; system analysis; performance measurement and reporting; government policy and decision-making in the business sector.

60499 Professional Experience in Economics

Interdisciplinary application of micro and macroeconomic principles and theories; integration of economic tools in short-term and long-term public and business administration; principles and methods for solving economic problems; use of case studies in analyzing and present economic conditions and assessing future trends for administrative decision-making; professional ethics; group dynamics activities to nurture ethics, moral and leadership in students.

61401 Project and Program Analysis

Principles and processes of project and program administration; formulating project goals and policies; principles and mehtods of project and program planning; project and program administration; principles and mehtods of project and grogram evaluation; modern business administration techniques such as MBO, PERT and CPM; processes of work improvement with emphasis on the application of business problems.

Project feasibility study; cost-benefit analysis for both government and private projecs; project efficiency and effectiveness measurement; program structure; determination of project alternatives; determination of project priority; project examination and review; project and program principles and decision-making procedures; system analysis of projects and programs.

61402 Thai Economy and Government-Business Sector Relationship

An analytical study of the structure of the Thai economy; the relationship between economic sectors; the relationship between urban and rural areas; the situation in such important economic sectors as agricultural, industrial and service; manpower, finance and banking, public finance, and international trade situations; factors motivating economic growth and development which emphasize quality of life, the role of government; and Thailand's crucial economic problems.

The economic relationship between the government and business sectors; monetary policy; fiscal policy; investment promotion policy; the effect of international economic coooperation on international trade; social policies affecting business; the role of government organizations which affect business operations; case studies on economic cooperation between the Thai government and the private sectors.

61403 Production Economics and Operation Research

Linear programing; simplex method; sensitivity analysis; duality problems; network theory comprising PERT, CPM and critical path analysis; dynamic programming; inventory models; queueing theory.

Application of mathematics principles and operation research for effcient planning and supervision; long-term planning for decision-making on plant site and layout; short-term production planning; forecasting for production planning purposes; inventory control; quality control; on-time production; work measurement and work standard analysis through case studies.

61404 Computer Applications and Research for Business

Basic knowledge and methodology of business research by applying statistics principles and processes to data collected both from primary and secondary sources; research project methods and systematic presentation of findings; the application of research findings to business.

Importance and evolution of computers; fundamental principles of computers; effects of computers on business; business data and information; computers and the compilation of information; basic computer components; the use of software in research; basic principles of writing a computer program.

61405 Human Behavior and Business Ethics

Basic knowlege of human behavior; the relationships between individuals and groups in business organizations; principles and methods of establisting human relations; motivation; communication in an organization; managerial leadership and work cooperation; the evaluation of the attitudes and good will of customers and the public toward business.

Ethic and human behavior in conducting business; the relationships between ethics and business; government policies and law affecting business ethics; the responsibility of business organizations to people and society; business ethics related to production, advertising, international business; case studies of business ethics in Thailand; solving ethical problem; development of business ethics.

61406 Mathematical Economics and Econometrics for Business

General concepts concerning mathematical economics and econometrics and their use in solving business problems; sets; number systems; relations and functions; analytical geometry; interests and annuities; vectors; matrices; determinants; differentiation; integration; difference and differential equations; permutation; combination; probability.

Theory of econometrics with emphasis on single equation and system equations, model construction, estimation techniques, forecasting, and simulation techniqus. application of models to economic situations through case studies.