Course Description

AC 201 Fundamental Accounting

3 (3-0-6)

A study of the evolution of accounting, the role of accounting in the society; the analyzing, recording, and classifying transactions; characteristics of various types of accounts; the accounting principles and concepts for measuring these transactions; a preparation of financial statements; the usefulness and limitations of accounting information and the code of ethics of accountants.

AC 202   Management Accounting*

3 credits

Prerequisites: AC 201

            A study of collecting and analyzing management accounting data for planning, controlling, performance evaluation, improving efficiency and effectiveness as well as the management decision making at all level.

BA 291   Introduction to Business

3 credits

This course focuses on key characteristics of business and entrepreneurial approaches, covering basic business functions like operation, marketing, finance, accounting, management information system, and human resource management.   These functions provide a solid foundation for doing a business plan.

CH 171   Chinese1

3 credits

To study the basic structure of Chinese including the phonetics and grammar and to learn to write 250 Chinese characters and to study vocabulary using these characters.

CH 172   Chinese2

3 credits

Prerequisites: students should pass CH 171, pass the test, or approval from the lecturer.

 Further the studies done in CH171 by studying more complex sentences, and by learning 300 more Chinese characters.

EE 210 Introductory Economics

3 (3-0-6)

(For non-economics major only; credits will not be awarded to students who are taking or have completed EE211 or EE212 or EE213 or EE214)

The general principles of microeconomics and macroeconomics. In the microeconomics section, topics covered include the supply of and demand for goods, consumer behavior, production and costs, structure and output of production units under perfect and imperfect competitive markets, the concept of market failures, and the role of government intervention. In the macroeconomics section, topics covered include objectives and problems in macroeconomics, the determination of national income, money and the banking system, introduction to fiscal and monetary policies used for economic stabilization, and the application of economic indices to analyze the economic situation. In the international economics section, topics covered include the importance of international trade and finance, as well as the conflict between free trade and market protection.

EE 211 Principles of Microeconomics

3 (3-0-6)

(Exclusively for economics major students or students who plan to transfer to the economics major)

Principles of microeconomics such as value, price, resource allocation, introduction to theories of consumption and production with an emphasis on factors determining supply and demand of goods and services, determination of price and efficiency of resource allocation in perfect and imperfect competitive markets; basic theories regarding factor markets and introductory concepts of market failures.

EE 212 Principles of Macroeconomics

3 (3-0-6)

(Exclusively for economics major students or students who plan to transfer to the economics major)

Indicators, goals, and problems in macroeconomics. Determination of national income, theories of aggregate consumption and aggregate investment, the accelerator principle, money markets, the theory of supply and demand for money, the joint quilibrium model of product and money markets (IS-LM model), the balance of payments, and fiscal and monetary policies as means to stabilize an economy, as well as applications of macroeconomic theory to analyze Thai economic conditions.

EE 213 Introductory Microeconomics

3 (3-0-6)

(For students who are not economics majors)

Concepts and applications of economic theories regarding fundamental economic problems, price mechanisms, the supply and demand of goods and services, basic theories of consumer behavior, production and costs, and price determination in perfect and imperfect competitive markets. Comparing market performances in resource allocation, basic theories of factor markets and market failures.

EE 214 Introductory Macroeconomics

3 (3-0-6)

(For students who are not economics majors)

Concepts and application of economic theories involving macroeconomic indicators; goals and problems in the context of macroeconomics; determination of national income; money markets, supply of and demand for money; macroeconomic problems including unemployment, inflation, and deflation, fiscal and monetary policies used for economic stabilization; the balance of payments; foreign exchange market and exchange rate determination; application of economic indicators to analyze economic situations.

EE 301 History of Thai Economy

3 (3-0-6)

Prerequisites: -

The evolution of Thailand’s economic system. The structure of the economy and society. The role of government in the Thai economy, starting with the signing of the Bowring Treaty in 1855 between the United Kingdom and the Kingdom of Siam that liberalized foreign trade in Siam.

EE 302 History of World Economy

3 (3-0-6)

Prerequisites: -

Analyzing the history and development of world capitalism. The importance of the world economy is stressed by such selected topics as the birth of capitalism, the Industrial Revolution, colonization, the Great Depression of the 1930s, the collapse of the Soviet Union, the development of the Chinese and East Asian economies, the Oil Crisis, and the GlobalFinancial Crisis of 2008-09.

EE 311 Microeconomics Theory

4 (4-0-8)

Prerequisites: EE211 (or EE213) and MA216 (or MA211)

Consumer behavior with the use of indifference curve analysis, intertemporal consumption, consumption and risks, and Information cost. Theory of production and cost, the birth of the firm, structure and behavior of different types of markets and introductory game theory. Price determination in factor markets, general equilibrium analysis, introductory welfare economics, market failures and measures to solve the problems.

EE 312 Macroeconomics Theory

4 (4-0-8)

Prerequisites: a) EE211 and EE212 or b) EE213 and EE214

The model of joint equilibrium in product markets, money markets, and foreign exchange markets (the IS-LM-BP model); changes in equilibrium; product markets and labor markets; the model of aggregate supply and demand in closed and open economies; inflation, unemployment, and the Phillips curve; economic stabilization policies; growth theory, new Keynesian economic theory; the real business cycle theory; applications of macroeconomic theory to analyze economic situations.

EE 320 Introductory Mathematical Economics

3 (3-0-6)

Prerequisites:

a) EE211, EE212 and MA216 (or MA211)

or b) EE213, EE214 and MA216 (or MA211)

(Credits will not be awarded to students who are taking or have completed EE421)

Applying mathematical concepts and tools such as functions, equations, matrices, univariate and multivariate differential calculus, constrained and unconstrained optimization and integral to explain concepts of microeconomic and macroeconomic theory and to understand the relationship between different economic variables. An emphasis will be placed on relationships between total, average, and marginal functions, the analyses of elasticity, market equilibrium, impacts of taxation, and the basic input-output model.

EE 325 Introductory Econometrics

3 (3-0-6)

Prerequisites: EE211, EE212, MA216 (or MA211) and ST216 (or ST211) (Credits will not be awarded to students who are taking or have completed EE425)

Applying statistical and economic theory to analyze economic data, with emphasis on parameter estimation techniques. Applying simple and multiple regression models to economic analysis, including using dummy variables and basic problems which occur in regression models. Using computer applications to analyze econometric models.

EE340 Introductory to Public Economics

3 (3-0-6)

Prerequisites: a) EE210 or b) EE213 and EE214 or c) EE211 and EE212

(Credits will not be awarded to students who are taking or have completed any 400-level courses in this field.)

The role of government in economic activity. Tools of government. Fiscal institutions in Thailand. Processes of governmental policy. Fiscal system including revenue, expenditure, public debt, state-owned enterprises, local public finance, and budgeting.

EE 360 Introductory Thai Economy

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 213 and EE 214 or c) EE 211 and EE 212 (only for students not majoring in Economics)

Thai social and economic structure and development. Development in the agricultural, manufacturing, and service sectors. Connections between the Thai and world economies. Analysis of key economic problems such as poverty and income distribution, as well as policy recommendations to solve them.

EE 361 Economics of East Asian Countries

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Economic development trends of various countries in Asia, particularly in China, South Korea, and Japan. The evolution of economic structure. The role of private and public institutions along with other economic, social, and political factors that contribute to economic adjustments. The relationship between the Thai and world economies.

EE 362 Economics of Selected Asian Countries

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211and EE212 or c) EE213 and EE214

Economic development trends of various countries in Asia. The evolution of economic structure. The role of private and public institutions along with other economic, social, and political factors that contribute to economic adjustments. The relationship between the Thai and world economies, focusing on selected Asian countries that will be be determined later.

EE 363 Economics of CLMV Countries

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211and EE212 or c) EE213 and EE214

Economic development trends of various countries in Asia, especially in Cambodia, Laos, Myanmar, and Vietnam (CLMV). The evolution of economic structure. The role of private and public institutions along with other economic, social, and political factors that contribute to economic adjustment. The relationship between the Thai and world economies.

EE 364 Cultural Economics

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Economic aspects of art and cultural heritage. Values and attitudes of people toward art and cultural perceptions. Evaluating art and cultural heritage based on economics. Studying different levels of art and cultural heritage and their influence on economic growth and development. Practical problems of art and cultural heritage management.

EE 365 Gender Economics

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Evolution of male and female roles within economic systems. Theories of family formation. Differences in gender-related time allocation for market and non-market activities. Supply and demand factors determining gender-related differences in occupations and income, such as the decision to invest in education and training or job market opportunities. Economic theories of gender discrimination. The integration of gender issues into governmental policies and regulations.

EE 366 Economics of Services Sector

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Organization and components of the services sector in an economy. Importance of the services sector. Applying economic and management aspects to selected service sectors, for example telecommunication and broadcasting, tourism, transportation, health and wellness, wholesale and retail trades. Case studies in the services sector relating to development and inclusive growth.

EE 375: Applied Economics for Natural Resource and Environment

3 (3-0-6)

Prerequisites: EE210 or EE211 or EE213 (Credits will not be awarded to students who are taking or have completed any 400-level courses in this subfield.)

The relationship between economic growth, natural resources allocation and environmental problems of developing countries. Basic economic theories used for analysis and application in natural resources management and environmental problems. The roles of government, community, and business sectors to control and solve problems in natural resource and environmental exploitation at local, national, and global levels. Basic concepts of sustainable development.

EE 376: Economics of Climate Change

3 (3-0-6)

Prerequisites: EE 210 or EE 211 or EE 213 

(Credits will not be awarded to students who are taking or have completed any 400-level courses in this subfield.)

Basic concepts of climate change relating to environmental economics, efficiency, externalities, and policy instruments. The role of economics in the formation of climate policy. Economic problems of climate change, such as intertemporal decisions, impacts of climate change, cost of mitigation, and adaptation. Thailand and international cooperation and debate in climate policy.

EE 380: Introduction to Industrial Economics

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211 and EE212 or c) EE213 and EE214

(Credits will not be awarded to students who are taking or have completed any 400-level courses in this field.)

The importance of the economy’s industrial sector. Relationship between the industrial sector and other sectors, at the domestic and international levels. Economic data, statistics, and applications for industrial economics. Market structure, conduct, and competitiveness of the industrial sector. Government policy, the legal system, and their effects on industrial development.

EE 381: Economics of Transportation

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211 or c) EE213

The role of transportation in the domestic and international economies. How transportation affects the location of businesses and production sites. Criteria and economic reasons for transportation pricing. Private and social costs related to transportation. How urban transportation is affected by expansion. Problems and policies related to investment in urban transportation.

EE 390: Economics of Agricultural and Rural Development

3 (3-0-6)

Prerequisites: EE210 or EE211 (or EE213) and EE212 (or EE214)

Forms and interactions of agricultural and rural development from the end of World War II until now. Factors affecting dynamics, including effects from macroeconomic, agricultural, and social welfare policies, as well as political philosophy. The role of the market and global trade, the potential and limitations of communities and the formation of economic groups. The relationship between agriculture, rural areas, the environment, and alternative development.

EE 391: Thai Rural Studies

6 Credits (Course offered only in summer semester with approximately 270 hours of field school)

Prerequisites: the consent of the lecturer.

Field studies to analyze Thai rural areas, quantitatively and qualitatively. Living with farmers in a rural area for a given time. Collecting and analyzing data about physical, economic, social, and political issues within a given area. Identifying and analyzing problems, causes, and potentials.
Note: a) a minimum of two months of field study is recommended.
b) there are two possible grades for this course: Satisfactory (S) and Unsatisfactory (U)

EE 401 Political Economics

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211 and EE212 or c) EE213 and EE214

Analyzing the development of capitalism. Theories and methodologies of different school of economics from classical political economics to Karl Marx’s political economics, post-Marxist political economics, and neoclassical political economics.

EE 402 Institutional Economics

3 (3-0-6)

Prerequisites: EE 311

Developing institutional economics. Analyzing the effects of institutions on socioeconomic change, examining factors which contribute to the creation and demise of institutions, transactional costs, and changes within institutions. Using mainstream economics to analyze political phenomena, the political market structure, and rent-seeking behavior as exercised by government bodies. Studying how forming diverse interest groups and organizations impacts economic policy change.  

EE 403 History of Thai Economy

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Thailand’s legal system. The relationship between law, economy, and politics. Applying economic theory to analyze reasons for the existence of property rights, civil, and commercial law. Controlling and regulating the economic system. The effect of law on economic behavior.

EE 404 History of Economic Thought

3 (3-0-6)

Prerequisites: a) EE 210 or b) EE 211 and EE 212 or c) EE 213 and EE 214

Development of economic thinking, from the pre-classical period up to the twentieth century. Examples are the agricultural doctrine, mercantilism, classical, neoclassical, Keynesian, socialist, post-Keynesian, and institutional economics. Emphasis is given to the underlying philosophies, essential concepts, and the influence of economic problems on formulating economic thought in each period.

EE 409 Seminar in Political Economics and Economic History

3 (3-0-6)

Prerequisites: Completion at least two 400 level or higher courses in the Political Economics and Economic History fields.

Seminar and research on specific topics in Political Economics and Economic History under the supervision of the lecturer.  

EE 411 Microeconomic Analysis

3 (3-0-6)

Prerequisite: EE 311 and EE320 (or EE421)

Microeconomic theory with an emphasis on utilizing mathematical tools to analyze economic issues such as consumer behavior, revealed preferences, intertemporal consumption, consumption and risk, and theories of production and cost, market structures and behavior of market types, game theory, factor markets, general equilibrium, welfare economics, externalities, public goods, and asymmetric information.

EE 412 Macroeconomic Analysis

3 (3-0-6)

Prerequisite: EE 312 and EE320 (or EE421)

Macroeconomic theory with an emphasis on utilizing mathematical tools to analyze economic issues, such as general equilibrium and welfare in resources allocation in modern macroeconomics, and long-term growth issues, analytical framework for growth and short-term fluctuations in economy, theoretical and empirical. The role of government in economy, basic concepts of social security, the role of money in the economy and its impact on the business cycle, rational expectations, macroeconomic policy framework, the problem of consistency and reliability in implementing macroeconomic policies, economic system rigidities, implications of macroeconomic policies in solving economic problems and modern modeling concepts for macroeconomic policy analysis.

EE 415 Game Theory

3 (3-0-6)

Prerequisite: EE 311 and EE320 (or EE421)

The application of game theory with complete and incomplete information including strategic games, Nash equilibrium; mixed-strategies equilibrium; extensive games; subgame perfect equilibrium; Bayesian games; extensive game of incomplete information; other applications of game theory.

EE 416 Behavioral Economics

3 (3-0-6)

Prerequisites: EE 311

The standard model of choice. Framework and tools for constructing and analyzing models of choice. Choice under uncertainty. Intertemporal and dynamic choice. Applying information and psychology for constructing alternative models.  

EE 421 Mathematical Economics 1

3 (3-0-6)

Prerequisites: MA217 (or MA212) and having completed or currently taking EE311

The application of matrices, Jacobian determinants, derivatives, partial derivatives and optimization, with and without constraints, to explain theories in microeconomics and macroeconomics, such as the theory of consumer behavior, the theory of production, equilibrium in goods and factor markets, equilibrium of national income in product and money markets, international trade, comparative static equilibrium analysis, the input-output model, determination of maximum-minimum point and duality of linear programming.

EE 422 Mathematical Economics 2

3 (3-0-6)

Prerequisites: EE421 and having completed or currently taking EE312

Applying mathematical tools such as integral calculus, differential equations, difference equations, phase diagram and dynamic optimization such as optimal control theory and dynamic programming to explain dynamic economic phenomena as well as for locating the time path and stability of variables in the context of both microeconomics and macroeconomics. The study of dynamic input-output models is also covered.

EE 425 Econometrics 1

3 (3-0-6)

Prerequisites: MA216 (or MA211) and ST217 (or ST212)

Applying statistical and economic theories to analyze economic data, including parameter estimation using the ordinary least squares (OLS) technique and hypothesis testing; simple and multiple regressions; estimations of parameters when independent variables consist of the dummy variable; examining problems in regression models, including autocorrelation, heteroscedasticity, multicollinearity, specification error, and stochastic regressors; other estimation techniques such as generalized least squares (GLS), maximum likelihood, and comparing different techniques; using computer applications to analyze econometric models.

EE 426 Econometrics 2

3 (3-0-6)

Prerequisites: EE425 and MA217 (or MA212)

Parameter estimating using maximum likelihood technique; parameter estimating in panel data models; systems of regression and seemingly unrelated regression (SUR); simultaneous equation systems and parameter estimation of simultaneous equation systems by the single equation and system of equations methods. Qualitative response models and time-series models, and their applications.

EE 431 Economics of Financial Markets and Institutions

3 (3-0-6)

Prerequisites: EE311

Money and capital markets at a micro-level. Financial assets, risks, and risk-bearing. The theory of equilibrium pricing of financial assets. CAPM and APT models. Interest rate structure. Bond and equity instruments. Financial derivatives. Asymmetric information in a financial market. The study of financial institutions, emphasizing theories about the roles and functions of commercial banks. Risk management of financial institutions. Monitoring and controlling financial institutions. The deposit insurance system and financial institution business activity from the perspective of industrial economics.

EE 432 Monetary Theory and Policy

3 (3-0-6)

Prerequisites: EE312

Monetary supply and demand. The role of the financial system at the macro-level; monetary policy goals, tools, policy implementation, and transmission mechanisms in the real economy, emphasizing the role of monetary policy in the business cycle, which targets inflation. The role of the central bank. The relationship between monetary and fiscal policies. The role of monetary policy in the open economy by considering the link between foreign exchange rate policy and changes in the macroeconomic and financial environment.

EE 435 Introductory Financial Econometrics

3 (3-0-6)

Prerequisites: EE325 (or EE425) and EE431

Estimating methods of financial econometrics models, such as the least square method and maximum likelihood, emphasizing the time-series models. This includes the univariate time-series model, high frequency time-series model, and multivariate time-series model. Financial forecasting. Regression estimating variables with the long-run relationship and short-run dynamics. Applying the model to analyze financial economic issues.

EE 439 Seminar in Monetary and Financial Economics

3 (3-0-6)

Prerequisites: EE431 and EE432

Seminar and research on topics in monetary economics with the lecturer’s supervision.

EE 441 Economics of Public Expenditure

3 (3-0-6)

Prerequisites: EE212 (or EE214) and EE311

The role of government in economic activity. Government outlay. Welfare economics. Public goods theory. Theory of externalities. Public choice. Public pricing and policies. Fiscal decentralization. Analysis of the effects of government spending on macroeconomic goals, such as price stability, economic growth, distribution of income, and employment conditions, as well as the effects of government spending on important economic sectors

EE 442 Economics of Public Revenue

3 (3-0-6)

Prerequisites: EE212 (or EE214) and EE311

Analyzing the structure and composition of government revenues. Theory of taxation. Tax burden. Tax incidence. Taxation and efficiency. Taxation and equity. The effect of taxation on individual decisions to perform economic activities, such as working, saving, investment and risk-bearing. Tax avoidance. Tax evasion. Public debts. Revenue structure for local governments. Analyzing of tax reform and comparative studies of international experience in tax reform.

EE 443 Local Public Finance

3 (3-0-6)

Prerequisites: EE311

The role of local governments in market efficiency and market failure. Public choice theory. Organization of local government. Demand for local goods and services and local provision of goods and services with user charges, intergovernmental transfers, borrowing and debt, local budgeting, local revenue. Applied economics and local public finance in education, transportation, health and welfare.

EE 449 Seminar in Public Economics

3 (3-0-6)

Prerequisites: EE441 and EE442

Seminar and research on topics in public economics under the lecturer’s supervision.

EE 451 International Trade Theory and Policy

3 (3-0-6)

Prerequisites: EE311

International trade theories. Basic factors in international trade. Outcomes from trade, such as production, commodity prices, resource allocation, and prices of the factors of production. Analysis of policies and regulations in international trade. Economic integration. Foreign investment.

EE 452 International Monetary Economics

3 (3-0-6)

Prerequisites: EE312

The balance of payments adjustment mechanism. Foreign exchange markets. International capital flows. The evolution of an international monetary system. International monetary problems encountered by developing countries, including Thailand. Financial crises as experienced by Thailand and the rest of the world.

EE 453 International Economic Cooperation and Trade Negotiations

3 (3-0-6)

Prerequisites: a) EE210 or b) EE211 and EE212 or c) EE213 and EE214

International trade regulation and control in the form of bilateral and multilateral trade agreements. Regionalism and trade blocs. The role of supranational organization such as the World Trade Organization. Analyzing disputes in international trade of goods and services as well as trade-related investment. Key international negotiations for developing countries. Criteria for trade regulation. Case studies of practical applications of trade regulation.

EE 459 Seminar in International Trade Theory and Policy

3 (3-0-6)

Prerequisites: EE451 and EE452

Seminar and research on specific topics in international economics under supervision and guidance of the lecturer.

EE 460 Thai Economy

3 (3-0-6)

Prerequisites: EE311 and EE312

Thai economic structure and how it changes. Economic performance in terms of development and growth. Solving problems of poverty, income distribution, economic stability, and quality of life. The Thai process of economic policy formulation. Implementing monetary and fiscal policy. Strategic policies reinforcing economic and social development for the entire economy and each economic sector, such as the industrial and agricultural sectors. The relationship between the Thai and world economies, the international economic order, and international organizations such as the World Bank, International Monetary Fund (IMF), and the World Trade Organization (WTO).

EE 461 Development Microeconomics

3 (3-0-6)

Prerequisites: EE311

Economic development theories. Economic, social, and political factors affecting economic development. The roles of the public sector, market, and community in the economic development process, including such issues as poverty and income distribution, development of the agricultural and industrial sectors, population, education, public health and development, natural resources, environment and development, and political economy in relation to growth.

EE 462 Development Macroeconomics

3 (3-0-6)

Prerequisites: EE312

Analyzing economics issues in the macroeconomics of developing countries. These include explaining economic growth and development policies of different countries. Analyzing monetary policies, exchange rates, balance of payments, flow of capital, financial crises, and international aid affecting economic growth. The effect of international trade and foreign direct investments on economic development. The relationship between economic growth, poverty levels, and income distribution.

EE 463 Project Evaluation

3 (3-0-6)

Prerequisites: a) EE 212 and EE 311 or b) EE 214 and EE 311 and c) completing at least one 400-level subject in field 3 to field 9.

Welfare economics framework as a basis for project evaluation. Project evaluation in the form of cost-benefit analysis, cost effectiveness analysis, and other analytical methods, with application to different case studies.

EE 468 Integrated Public Economics, Development Economics, and Political Economics

3 (3-0-6)

Prerequisites: EE 311 and having completed at least 6 credits of 400-level courses in political economics or public economics or development economics.

Integrating public economics development and political economics concepts through case studies and current events. Enhancing student ability to link and apply these economic theories to analyze situations and problems in Thailand and the world economy. Encouraging students to learn through current events, with an emphasis on the nature, cause, and effects of problems. Using economic theory to explain and analyze the roles of the market, the public sector, and community in problem-solving by considering institutional factors behind economic and political structure, culture, and history.

EE 469: Seminar in Development Economics

3 (3-0-6)

Prerequisites:  Completion at least TWO 400 level courses in Development Economics ; Except EE460 and EE468.

Seminar and research on topics in development economics with the lecturer’s supervision.

EE 471: Labor Economics

3 (3-0-6)

Prerequisites: a) EE312 and EE211 (or EE213) or b) EE311 and EE212 (or EE214)

Studying the supply and demand of labor in the short-term and long-term, as well as improving labor quality. Types of labor markets, wage structures, and the role of labor unions. The role of government in the labor market as employer or regulator. Social security, discrimination in the labor market, and the effect of globalization on employment.

EE 472: Economics of Population and Family

3 (3-0-6)

Prerequisites: EE311 or EE312

Processes generating change in size and structure of population and family through reproduction, death and migration. Factors causing these changes. The impact of demographics and family variables on the economy at the micro and macro levels.

EE 473: Economics of Education

3 (3-0-6)

Prerequisites: EE311 or EE312

Principles of investment in education. Measuring return on education. Theory of human capital. Choice theory explaining educational investment. Principles of investment in on-the-job training. Analyzing educational impact on key economic variables such as wages throughout the entire working period, growth in wage rate, job switching, and expansion of the economy as a whole. Evaluating efficiency and equality in governmental budget allocation within the educational system.

EE 474: Health Economics

3 (3-0-6)

Prerequisites: EE311 or EE312

Economic thought about health and health care services. Supply of and demand for health care. Market failure in the health care market and government intervention. Health insurance, fiscal policy on public health, factors of health service production, and efficiency and equality in the health care system. Evaluation of health care projects, asymmetric information in health insurance, health economics at the macro level. Health service system reform in Thailand and abroad.

EE 475: Natural Resource Economics

3 (3-0-6)

Prerequisites: EE311

The concepts of scarcity and economic rental of important natural resources and problems with these resources. Economic theories and tools used in natural resource management, including allocation among current users as well as intertemporal allocation. Market failure due to deficiencies in the property rights system. Government natural resource policy and measuring its impact on the use of all kinds of natural resources.

EE 476: Environmental Economics

3 (3-0-6)

Prerequisites: EE311

Essential environmental problems and related theories. The concepts of efficiency and cost-benefit analysis. The effectiveness of policies, measures, and tools to control and solve environmental problems. Estimating the effect of various economic development projects on the environment. The concept of sustainable development. Social welfare indicators which incorporate the environmental impact.

EE 477: Energy Economics

3 (3-0-6)

Prerequisites: EE311

Factors influencing energy resource production, processing, transportation and demand. The importance of energy to the economy. The impact of energy on the environment. Substituting among various types of energy. The energy market structure and prices of different types of energy, along with problems in global oil pricing and the role of OPEC. Governmental policy on the provision, production and use of energy, including price regulation and provision, production, and efficient use. The use of alternative energy to replace fossil fuel. International cooperation and agreement on different issues. Each topic will be studied focusing on Thai cases to improve understanding of energy issues in this country.

EE 479: Seminar in Human Resources, Natural Resources and Environmental Economics

3 (3-0-6)

Prerequisites: Completing at least two 400-level courses in human resource economics or completing at least two 400-level courses in natural resource economics, and environmental economics.

Seminar and research on topics in human resource economics, natural resource economics, and environmental economics with the lecturer’s guidance

EE 481: Industrial Economics

3 (3-0-6)

Prerequisites: EE311

How production units work. How units under different market structures interact. Analyzing how production agents behave, market structure, and performance. Analyzing price theory by using microeconomic theory. Advertising and firm strategies which affect market price. The relationship of information, research and development, technology adoption to firm strategies.

EE 482: Public Policy and Industrialization

3 (3-0-6)

Prerequisites: EE312

Industrial development strategy theories. The importance of the industrial sector and industrial development for Thailand’s economic system. Evolution of Thai industrial policy. The government role in the industrial sector. Laws relating to the industrial sector.

EE 483: Economics of Liberalization, Competition and Regulation

3 (3-0-6)

Prerequisites: EE311

Theories explaining why some economic activities should be liberalized and competition encouraged, while others should be regulated. Economic tools and methods used in regulation. The outcome of these measures, based on perfect and imperfect information. The theory explaining the role of beneficiary groups under regulation. Examples of the reform of structure, ownership and economic activity regulation in developed and developing countries.

EE 488: Integrated Business Economics

3 (3-0-6)

Prerequisites: EE 311, EE312 and EE325 (or EE425)

Theories and tools applicable to analysis of business problems and solutions, such as the application of economic concepts to forecast economic and industrial conditions, determination of business strategy, and decision-making.

EE 489: Seminar in Industrial Economics

3 (3-0-6)

Prerequisites: EE481 and EE482

Seminar and research on topics in industrial economics with the lecturer’s guidance.

EE 491: Analysis of Agricultural Production and Policy

3 (3-0-6)

Prerequisites: EE311

Production, supply, and the cost of producing agricultural products in the short-term and long-term. Analyzing market structure of the factors of production. Production at risk, forecasting, information, and production adjustment. Changes in technology, productivity, and efficiency in agricultural production. The roles and influence of institutions such as land ownership, agricultural credit, the cooperative system, contract farming, and governmental policies affecting agricultural production and efficiency.

EE 492: Analysis of Agricultural Markets and Policy

3 (3-0-6)

Prerequisites: EE311

The role and importance of the price of agricultural products, characteristics of supply and demand responses to agricultural products, price elasticity of demand, income elasticity of demand, cross-price elasticity of agricultural products, Analyzing pricing policy, price adjustment across time and place, storage and seasons of agricultural products, the effectiveness of marketing, domestically and internationally, the agricultural products futures market, governmental intervention, trade barriers, agricultural products in the global market, international marketing and pricing policies that affect the price of agricultural products in developing countries.

EE 499: Seminar in Agricultural Economics

3 (3-0-6)

Prerequisites:  EE491 and EE 492

Seminar and research on topics in agricultural economics with the lecturer’s guidance.

EE 501 Selected Topics in Political Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Studying selected topics in political economics and economic history to be announced later.

EE 502 Selected Topics in Political Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Studying selected topics in political economics and economic history to be announced later.

EE 503 Selected Topics in Political Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Studying selected topics in political economics and economic history to be announced later.

EE 504 Selected Topics in Political Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Studying selected topics in political economics and economic history to be announced later.        

EE 511 Selected Topics in Economic Theory 1

3 (3-0-6)

Prerequisite: the consent of the lecturer.

Study topics to be announced later.

EE 512 Selected Topics in Economic Theory 2

3 (3-0-6)

Prerequisite: the consent of the lecturer.

Study topics to be announced later.

EE 513 Selected Topics in Economic Theory 3

3 (3-0-6)

Prerequisite: the consent of the lecturer.

Study topics to be announced later.

EE 514 Selected Topics in Economic Theory 4

3 (3-0-6)

Prerequisite: the consent of the lecturer.

Study topics  to be announced later.

EE 515 Selected topics in Economic Theory 1

3 (3-0-6)

Prerequisites: By lecturer’s consent

Study of selected topics of interests in Economics Theory which will be announced in advance.

EE 516 Selected topics in Economic Theory 2

3 (3-0-6)

Prerequisites: By lecturer’s consent

Study of selected topics of interests in Economics Theory which will be announced in advance.

EE 517 Selected topics in Economic Theory 3

3 (3-0-6)

Prerequisites: By lecturer’s consent

Study of selected topics of interests in Economics Theory which will be announced in advance.

EE 518 Selected topics in Economic Theory 4

3 (3-0-6)

Prerequisites: By lecturer’s consent

Study of selected topics of interests in Economics Theory which will be announced in advance.

EE 519 Selected topics in Economic Theory 5

3 (3-0-6)

Prerequisites: By lecturer’s consent

Study of selected topics of interests in Economics Theory which will be announced in advance.

EE 521 Selected Topics in Quantitative Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE 522 Statistics for Economists

3 (3-0-9)

Prerequisites: ST217

Statistics for economics analysis; Probability; Various distributions; Expectation; Correlation; Estimation; Hypothesis testing; Analysis of variance; Linear regression.

EE 523 Selected Topics in Quantitative Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later.

EE 524 Selected Topics in Quantitative Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE531 Selected Topics in Monetary Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later

EE532 Selected Topics in Monetary Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE533 Selected Topics in Monetary Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE534 Selected Topics in Monetary Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later.

EE 541 Selected topics in Public Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE 542 Selected topics in Public Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later.

EE 543 Selected topics in Public Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE 544 Selected topics in Public Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later.

EE 551 Selected Topics in International Economics 1

3 (3-0-6)

Prerequisites: with the consent of the lecturer.

Study topics  to be announced later.

EE 552 Selected Topics in International Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics in to be announced later.

EE 553 Selected Topics in International Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be announced later.

EE 554 Selected Topics in International Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be announced later.

EE 561 Development Economics: Selected Topics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 562 Development Economics: Selected Topics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be determined later.

EE 563 Development Economics: Selected Topics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 564 Selected Topics in Development Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be determined later

EE 571: Selected Topics in Resource Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Students will study selected topics in human resource economics, natural resource economics, and environment economics that will be determined later.

EE 572: Selected Topics in Resource Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Students will study topics in human resource economics, natural resource economics, and environment economics that will be determined later.

EE 573: Selected Topics in Resource Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Students will study topics in human resource economics, natural resource economics, and environment economics that will be determined later.

EE 574: Selected Topics in Resource Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Students will study topics in human resource economics, natural resource economics, and environment economics that will be determined later.

EE 581: Selected Topics in Industrial Economics 1

3 (3-0-6)

Prerequisites: with the consent of the lecturer.

Study topics to be determined later.

EE 582: Selected Topics in Industrial Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics  to be determined later.

EE 583: Selected Topics in Industrial Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 584: Selected Topics in Industrial Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 591: Selected Topics in Agricultural Economics 1

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 592: Selected Topics in Agricultural Economics 2

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 593: Selected Topics in Agricultural Economics 3

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EE 594: Selected Topics in Agricultural Economics 4

3 (3-0-6)

Prerequisites: the consent of the lecturer.

Study topics to be determined later.

EL 171 English Course 2*  

3 credits

      This intermediate course aims to develop the four English skills—listening, speaking, reading and writing. Students are to be given more practice in speaking and reading longer passages.

EL 172 English Course 3*  

3 credits

This advanced course aims to further develop students' English skills. The emphasis is placed on listening to news and dialogues, reading more complex passages, and writing various types of paragraphs.

EL 295   Academic English 1

3 credits

Prerequisites: EL172

   A course to study and practice reading, writing, listening and speaking in relation to language patterns and expressions used in mathematics, statistics and computer science articles. Lessons will emphasize effective reading comprehension and note-taking.

* For offered general education courses (Part II), B.E. International Program reserves the right to alter the information above at any time with or without notice.

FN 201 Business Finance

3 (3-0-6)

This course studies the basic principles of financial management for business as well as the responsibilities of financial managers in order that they can perform their best to maximize the enterprise value. Discussions will covers financial analysis, cash flow analysis, financial planning and control, fundamental analysis on risk and return, time value of money, current asset management, fixed assets investments, allocation and acquisition of funds, short-term and long-term financing, and costs of financing.

FN 211 Financial Markets

3 credits

Prerequisites: Second-year status (have taken at least 30 credits)

This course covers topics on Money, Banking and Financial Markets. In particular, the effects on financial markets due to various variables will be explored. Such variables are monetary policy, interest rates, regulations and controls of financial institutions, money market, capital market and international financial market including roles and functions of financial institutions in Thailand.

FN 311   Financial Management

3 credits

Prerequisites: FN 201

This course studies theoretical concepts of corporate financial management which can be applied to resolve financial problems and issues encountered by management in the real world of business. The course emphasizes on the management of asset structure and financial mix. Discussion covers the application of financial models and instruments on managing the asset, liability and equity so that the goal of maximizing enterprise value can be sustained. Topics on Valuation, Costs of Capital, Capital structure, Capital Budgeting under risk, and Leasing will also be covered. Moreover, the concepts of agency problems and corporate governance will be explored.

FN 312   Investments

3 credits

Prerequisites: FN 201

  This course studies valuation methods for fixed income instruments, equity instruments, options, and future contracts. Topics to be studied also include risk and return measurement for individual security and portfolio of investment as well as the determinants of such risk and return.

HO 201   Principles of Management

3 credits

This course presents a thorough and systematic coverage of management functions, namely planning, organizing, leading and controlling. It focuses on characteristics of organizations and management, evolution and scope of management concepts, ranging from classic to contemporary periods. Special attention is given to an interrelationship between management functions and the extent to which an external environment makes a critical impact to an organization. It also examines the basic roles, skills, functions of management necessary for accomplishing the objectives on grounds of human-related effects to organizations and ethical implications of managerial decisions.

MA 216 : Calculus for Social Sciences 1

3 credits

Prerequisites: -

Limits and continuity of one variable; differentiation of algebraic functions and transcendental functions; implicit differentiation; higher-order differentiation; Roll’s theorem; the mean-valued theorem; applications of derivative for finding the limit and extremum of functions; differentials and its applications; antiderivatives; indefinite integrals and integration; definite integrals and applications of area integral; functions of several variables; limits and continuity of functions of several variables; partial derivatives; the chain rule; total differential and its applications.

MA 217 Calculus for Social Science 2

3 credits

Matrices, determinants, solutions of system of linear equations, higher order partial derivatives, application of maximum and minimum of several variables functions with unconstraint and constraint, techniques of integration for one variable functions, polar coordinates and area in polar coordinates, multiple integration and its applications.

MK 202 Fundamentals of Marketing*

3 credits

Marketing system, concepts and practices in the modern era with an emphasis on how products and services are offered, priced, promoted and distributed, based on an understanding of customer characteristics and behaviors as well as marketing implications on society and environment.

MK311 Consumer Behavior

3 credits

Prerequisites: MK 201

A study of concepts and theories of behavioral analysis in order to understand consumer and their behavior. Topics include both traditional thinking, which emphasizes psychological and behavioral theory for purchasing decision-making process, as well as contemporary alternative theories, which emphasizes understanding consumer from social and cultural dimensions. This course covers the understanding of both individual and organizational behavior that influences the purchasing decision.

MK 312   Marketing Management

3 credits

Prerequisites: MK 311

A study of marketing theories, concepts, and tools applicable to business operations by focusing on skills and experiences in developing a marketing plan. Topics cover the influences of environmental factors, consumer behavior, competitive and responsive conditions, development of marketing plan, implementation, and control of marketing execution. The teaching approaches emphasize case study and relevant examples to analyze marketing plans and techniques.

PY 211   General Psychology

3 credits

Human behavior by scientific methods. The course will cover the biological background of human behavior, growth and development, learning and thinking motivation, emotion, perception, intelligence, personality and social behavior.

ST 216 Statistics for Social Science 1

3 credits

Introduction to descriptive statistics; index numbers; unconditional and conditional probability; random variables and probability distribution; unconditional and conditional expectations; elementary sampling and sampling distribution; estimation and hypotheses testing for one population; statistical package results interpretation.

ST 217 Statistics for Social Science 2

3 credits

Estimation and hypotheses testing for two populations; one – way and two – way analysis of variance; curve fitting; simple and multiple linear regression and correlation analysis; classical time series analysis; chi – square test; statistical package results interpretation .

TH 160 Basic Thai

3 credits

(For foreign students or allowed by Thai Department) Basic Thai language – alphabet, vocabulary, phrases, and sentences. It also provides the four basic skills: listening, speaking, reading and writing.

TH 161 Thai Usage

3 credits

Thai language usage skills: listening, reading, writing and speaking, with emphases on drawing the main idea, communicating knowledge, thoughts and composing properly.

TU 100 Civic Education 

3 credits

 This course aims to promote learning and instill in the students the meaning of "citizenship" under the democratic system, and how to abide by the rules and regulations, respecting rights of others, respecting differences, respecting equality, self-reliance, and social responsibility.

TU 110   Integrated Humanities

2 credits

To study the history of human beings in different periods, reflecting their beliefs, ideas, intellectual and creative development.  To instill analytical thinking, with an awareness of the problems that humanities are confronting, such as the impacts of: technological development, violence, wars, and various world crises so that we can live well in a changing world.

TU 111 Thailand in Historical, Social and Cultural Perspective

3 credits

To explore Thai social, cultural and intellectual backgrounds from the old days (known as the Kingdom of Siam) until today.  To emphasize the formation of the Thai identity as well as directions towards the development of Thai culture and society in the globalization context.

TU 112 Heritage of the Pre-modern World

3 credits

To study significant problems and solutions in the Pre-modern World Society, which have been passed on to various institutions, including those responsible for religion, intellect, culture, society, economics, and politics in the Present World Society.

TU 113 Fundamentals of Philosophy and Religions

3 credits

To equip learners with the vital philosophical and religious concepts, which have influenced attitudes, morality, and ways of life. To train learners to think analytically and critically towards certain phenomena in order that they can apply their knowledge and understanding to their own social situations.

TU 116 Man and Arts: Visual Art, Music and Performing Arts

3 credits

This course is a study of art in relation to its function and the development of people, society and environment by focusing on various creative works, such as visual arts, music and performing arts, depicting the culture and perception of mankind. The course also aims to instill learners with real awareness of art values through personal experience, and also the appreciation of the aesthetic values of creative works. An emphasis is placed upon the influence of art on Thai values and the Thai way of life.

TU 120 Integrated Social Sciences

2 credits

This interdisciplinary course focuses on the fact that social sciences play an important role for society.  The course explains the origins of the social sciences and the modern world, the separation of social sciences from pure sciences, and the acceptance of the scientific paradigm for the explanation of social phenomenon. It also involves the analysis of important disciplines, concepts, and major theories of social sciences by pointing out strengths and weaknesses of each one. Included is the analysis of contemporary social problems, using knowledge and various perspectives—-individual, group, macro-social, national and world perspectives-- to view those problems.

TU 122 Law in Everyday Life

3 credits

To study general aspects of law as correct patterns of human conduct in society. To equip learners with basic principles of public law (rules of law), and its values which are associated with citizens’ moral core. To provide basic knowledge in public law and private law, involving the issues of rights and duties, dispute settlement, Thai Justice procedures, the usage and interpretation of law principles, with an emphasis on case studies in our daily lives.

TU 124   Society and Economy 

3 credits

To provide guidelines for the study and analysis of society and economy.  To analyze social and economic evolution in Thailand and worldwide.  To emphasize the influence of culture and institutions on the social and economic system.

TU 130 Integrated Sciences and Technology

2 credits

To study basic concepts in science, scientific theory and philosophies. Standard methods for scientific investigations. Important evolutions of science and technology influencing human lives as well as the impacts of science and technology on economies, societies and environments. Current issues involving the impacts of science and technology on moral, ethics and human values.

TU 152 Fundamental Mathematics

3 credits

(This course is for students who have already studied mathematics in high school and have gained not less than 16 credits or as demanded by their faculty.) To prove logical rules, methods of proofs, arguments, mathematical induction, proofs of theorems of inequalities and absolute values, inequalities solving, functions, type of functions, applications of functions, curve sketching, partial fractions decomposition, solving of simple systems of linear equations.