Thammasat University

Thammasat University was inaugurated on 27 June 1934. It was originally named by Professor Pridi Banomyong the University of Moral and Political Sciences. Professor Pridi sought to establish a university to educate Thai students about democracy, which had been introduced to the nation two years earlier.

Portrait photo of Founder of Thammasat University, Professor Pridi Banomyong

The university’s philosophy was stated in a speech by Professor Pridi before His Majesty the King’s Regent:

A university is, figuratively, an oasis that quenches the thirst of those who are in pursuit of knowledge. The opportunity to acquire higher education rightly belongs to every citizen under the principle of freedom of education.

During the years since its founding, Thammasat University has evolved from an open university for law and politics to a prestigious international university offering all levels of academic degrees across a broad spectrum of fields and disciplines.


Wheel of Dharma Emblem or dharmachakra,  a major symbol of the Buddhist religion, in gold on a red background. The wheel has 12 spokes, and a red and yellow constitution tray is at its center. The outer rim of the wheel, to which spokes are fixed, is inscribed with Thammasat University and T.U. in Thai language above and on English below, separated by a Thai floral pattern. The Wheel of Dharma signifies institutional faith in Buddhist doctrines as main guiding principles and practices.

Symbolic Colors are red and yellow. Professor Pridi Banomyong made  these choices for personal reasons, possibly because yellow represents religion, following the Wheel of Dharma, and deep red evokes blood, as alluded to in the lyrics of the new Thai National Anthem first heard in 1932, written by Sanga Kanchanakphan, known by the noble title Khun Wichitmatra.

Symbolic Tree is the flame tree or royal poinciana, (Delonix regia). On the occasion of his visit to the Thammasat Main Auditorium to play saxophone at a concert on 9 February 1963, HM King Bhumibol planted five flame trees in front of the main auditorium, as requested by Wittaya Sukdamrong, a student. The flame tree became a university symbol with its significant red and yellow coloring.


The Thammasat University Faculty of Economics was founded in 1949. A leading economics institute of Thailand, the Faculty offers a broad range of academic programs, including bachelor’s, master’s and doctoral degrees as well as training opportunities. With over 70 accomplished faculty members, most with PhD’s from leading international universities, the Faculty represents a wide spectrum of academic activities. These include influential research and contributions to teaching advancement through rigorous academic excellence focusing on critical thinking and problem-solving. Many of our graduates attain prominent positions in business, academia, and international organizations.

In 1956, the bachelor’s degree in economics (Thai program), a first for Thailand, was launched. In 1969, Professor Puey Ungphakorn founded the master’s degree in economics program, with English as language of instruction. This venture was funded by the Rockefeller Foundation, creating Thailand’s first master’s degree in economics program. It has trained Thai students as well as those from Japan, South Korea, Malaysia, Indonesia, Vietnam, Sri Lanka, Sweden,

In 1993, following the success of the international master’s degree program, the Faculty began administering the Ph.D. program in economics and the bachelor’s degree in economics (International Program), Thailand’s first such program.

Since 1997, the master’s degree in business economics has been offered to prepare business professionals with skills and understanding. 

Vision & Missions

“To develop quality graduates and international standard academic research, as well as services to society”

To produce graduates with cutting-edge knowledge and skills satisfying the job market and society.
To produce international standard academic research.
To operate with efficiency, sustainability and adjustability to changing situations.
To provide basic economic and intensive academic knowledge.

B.E. Program

The B.E. International Program began operation in 1993, as a self-financing semi-autonomous arm of the Faculty of Economics. The program combines a broad educational foundation with extensive preparation in varied aspects of economic theory and practice. The program is designed to promote self-development and critical thinking, and to provide familiarity with advanced theory and technology. 

With English as the medium of instruction, students develop effective communication skills in the language of international business and economic negotiations. The integration of practice and theory, of teaching and research which has long been a tradition at the Faculty of Economics forms the heart of this dynamic bachelor of economics program and contributes to the education of tomorrow’s leaders.
The program equips students with critical analytic and communication skills needed to cope effectively with challenges from an increasingly global economy. At the same time, a team of highly qualified instructors and a wide range of courses provide ample opportunity for specialization.
With a combination of highly-qualified Thai instructors, and respected visiting international lecturers, the Thammasat University Faculty of Economics continues its long tradition of offering a strong, comprehensive learning experience, combining theory with in-depth analysis of Thai and international economic realities.