Traditionally, economics is the study of resource allocation under scarcity; most believe that economic problems are distant from them.
In reality, however, as recent studies in economics embodies various elements, e.g., decision science, strategy, quantitative and statistical analysis; thus, economic problems are everywhere and closer than one may realize. No matter how minuscule or immense they are – from waking up for classes to incentive problems causing traffic jams, from firms competing in markets to consumers choosing product quality, from consumers purchasing insurance to firms offering menu of insurance, from financial crisis to personal relationship crisis, from consultant forecasting product demands to policymaker forecasting inflation and stabilizing the economy – all these are economic problems. Literacy in economics is, therefore, a must for all individual in the ever complicated world. Possessing strong background in economics is a tremendous advantage and economics-majors are highly desirable in modern organization.
Studying at B.E. International Program has given me such broader aspect of economics. The program has equipped me with economic intuition and tools necessary for solving problems, along with other socializing skills, as well as good preparation for my further studies. I am confident that this program would be the most valuable 4-year experience in life for undergraduate studies. If you are looking for the best faculty with enthused community to study economics and enhance your life, look no further!
Lecturer in Economics and the College at the University of Chicago, Kenneth C. Griffin Department of Economics
Recipient of the Ananda Mahidol Foundation Scholarship, Thammasat Division