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Experiential English II
EXP ENG II
(Prerequisite: 5500111 Experiential English I)
Practice language skills in acquiring, analyzing and synthesizing information and
knowledge from different sources and media on topics of students interest under selected
themes; summarizing what they have learned, and presenting opinions from group discussion.
5500235

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English for Economics

ENG FOR ECON
(Prerequisite: 5500112 Experiential English II)
Practice in reading and writing on economic topics.

16
5500236

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English Writing for Economics

ENG WRITING ECON
(Prerequisite: 5500235 English for Economics)
Practice in advanced writing on economic topics.
5500333

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Oral English Communication for Economics

ENG COM ECON
(Prerequisite: 5500236 English Writing for Economics)
Practice in aural-oral communication skills in economic contexts including
discussions and presentations.
1.2

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Paragraph Writing
PARAGRAPH WRITING
Organizing ideas in paragraph writing : selecting appropriate vocabulary,
connectives and phrases; using appropriate Thai language for writing objectives and readers
abilities.

17
2400104

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Government and Politics of Thailand
POL GOVT THAI
Major characteristics of Thai politics and government; patterns of power
relationship, processes of legitimization value commitments, and behavior relevant to state
power, political power, and the allocation of public interests; changes and developments in Thai
politics and government and its future prospect.
3404117

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Introduction to Law
INTRO TO LAW
Introduction to the study of laws, nature and sources of law, kinds and
characteristics of law; the making, application, and interpretation of law and its abrogation; law
of persons; natural and juristic persons: legal rights; nature and kinds of rights; rights under the
Civil and Commercial Codes; other laws having economic implications including antitrust laws
and consumer protection law.
2.

2.1
2.1.1
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18
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Mathematics for Economists I
MATH ECONOMIST I
Mathematics applied to economics in the following topics: sets; relation; function
and graph; types of functions, equations and inequalities, limit; derivatives of functions with one
variable; maxima and minima of functions with one variable; partial & derivatives; total
differential; optimization of multivariable functions; equality constrained optimization.
2945112

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9 F 7 J 2 *
Mathematics for Economists II
MATH ECONOMIST II
(Prerequisite: 2945111 Mathematics for Economist I)
Mathematics applied to economics in the following topics: system of equations;
vectors; matrices; definite and indefinite integration; multiple integration; sequences and series;
interest; present value, future value; introduction to differential and difference equations.
2945113

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Statistics for Economists

STAT ECONOMIST
Applications of statistics in economics; random variables, probability; probability
distribution of discrete random variables; normal distribution; sampling distribution; estimation

19
theory; hypothesis testing; chi-square distribution; non-parametric testing; simple regression;
analysis of variance.
2945310

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)
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3 F7 >2 9 F? > F D 7 ?93 7 /*>5 Q B9 )*>2 /2& 9 +E )*I + IB

Introduction to Econometrics
INTRO ECONOMETRICS
(Prerequisite: 2945113 Statistics for Economists)
Statistics applied to economics in the following topics: correlation analysis;
simple linear regression analysis; multiple regression analysis; prediction; appropriateness of a
model; problems in multiple regression analysis with rejected hypothesis such as
autocorrelation, multicolinearity, heteroscedasticity; dummy variables; regression analysis of
system equations such as simultaneous equation model; binary choice model such as logit and
probit.
2.1.2
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20
Introduction to Economics
INTRO ECON
Fundamental economic concepts; Is economics an art or a science?; an
economic society in accordance to theories; the market structures; time and importance in
economics; Capitalistic economics stimulated by greed; how to manage risk in economics;
equilibrium and stability; fundamentals of classical schools and neo-classical schools; John
Maynard Keynes; the iron laws of demand theory; production function; the role of a
government in economic society; linkage to the international community; national income
accounts.
2940203

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Microeconomic Theory I
MICROECON THEO I
(Prerequisite: 2940104 Introduction to Economics and
2945111 Mathematics for Economists 1)
Consumers Theory; demand and elasticity, market demand; production
Function; Cost theory; Price and output determination under perfect competition, monopoly,
oligopoly, and monopolistic competition.
2940204

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21
Macroeconomic Theory I
MACROECON THEO I
(Prerequisite: 2940104 Introduction to Economics and
2945111 Mathematics for Economists 1)
The overview of macroeconomics, money and inflation, money supply and money
demand, open economy and exchange rate, labor market and unemployment, the introduction
to economic fluctuations, aggregate demand, the Mundell-Fleming model of the open economy.
2940308

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Microeconomic Theory II
MICROECON THEO II
(Prerequisite: 2940203 Microeconomic Theory I)
Theory of revealed preference; Slutsky equation; consumption with endowment;
intertemporal consumption; choice under uncertainty; factors market; general equilibrium and
welfare economics; game theory; market failure such as externalities, public goods and market
with asymmetric information.
2940309

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22
Macroeconomic Theory II
MACROECON THEO II
(Prerequisite: 2940204 Macroeconomic Theory I)
The Solow growth model, the endogenous growth model, macroeconomic theory
of consumption and investment; analysis of aggregate supply; used of stabilization policy;
impact of government debt on economy, dynamic aggregate demand and aggregate supply
model; advanced business cycle theory and the Neoclassical and new Keynesian approaches
to economic fluctuations; an introduction to microfoundation of macroeconomics analysis.
2940310

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History of Economic Thought

HIST ECON THOUGHT
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Evolution of concepts and philosophy of economists from various schools of
thoughts, from the past to the present time; evolution of concepts and philosophy of Thai
economists.
2941102
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Thai Economy
THAI ECONOMY
Broad picture of Thai economic system including the following issues:
macroeconomic development of Thai economy, mechanism of economic system,
interrelationship between Thai and global economy, and economic and social problems in every
day life.

23
2941401

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Field Seminar
FIELD SEMINAR
(Prerequisite: 2900305 Research Methodology and 2941102 Thai Economy)
Field study to experience and understand major socio-economic problems of the
country to recognize both positive and negative impacts of economic proposals and policies on
life of each group of people.
2941308

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2940204 ,K LD7 Q > 1)
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3 -(1&93 * ,>I&I 1- 3 F/ N 9 F 5SQ B)& 71 ))7 *,5& >0
*,5& 9 F &-8 2 *3 F , 34T 9 F, * ')S)* BC&
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Development Economics
DEV ECON
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Principles and concepts of economic development; basic characteristics,
structures and problems of developing countries; concepts and theories of economic
development; economic and other factors influencing development; agricultural and rural
development; industrial development; technological change; population; education and health,
saving; investment; international trade, investment, and debt; problems and alternatives of
economic development.

24
2942307

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A *& 2 *3 F ,
&I1 1 >0 F ?2 *3 F , )*>D , *
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International Economics
INTER ECON
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Theories of international trade in various eras; effect of transportation cost on
international trade and balance of payment; adjustment process of balance of payment; foreign
exchange market; international trade policy; international economic organizations.
2943307

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Public Economics
PUB ECON
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Public role in economic system; balance of public and private activities; structure
of public expenditures and revenues; principles of taxation; impact of tax collection; budget and
budget policy; fiscal policy.

25
2944310

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Economics of Money and Financial Markets
ECON MON FIN MAR
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Role and significance of money and credit in an economy; financial system and
financial markets; role of interest rates in the financial system; commercial banks and money
supply; central bank and use of monetary policy influencing economic activities; significance of
money in international trade and international payments.
2.1.3

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Research Methodology
RES METH
(Prerequisite: 2940203 Microeconomic Theory I and
2940204 Macroeconomic Theory I)
Methodology of the structuring of rationale thinking; scientific approach and
logical concepts of fact findings and theoretical proof concerning the body of knowledge in

26
economics and social science; literature review; data collection, data analysis and hypothesis
proof and presentation.
2601115

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>)7B? ) D.&* & T/Financial Accounting
FIN ACCTG
Characteristics and basic concepts of accounting recording process; adjusting
the accounts; closing the accounts; financial statement preparation; accounting for
merchandising, and manufacturing operations; value-added tax accounting; specific journals;
control accounts, and subsidiary ledgers; the use of computer program in account work.
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2940501

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Q B,(?@3Q 1. 0>? 79&2&)&9 F>? 7@729&2&)&
D ? A >? 7 07 ?S)* F
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Advanced Microeconomic Theory
ADV MICROECON THEO
(Prerequisite: 2940308 Microeconomic Theory II)
Consumer behavior and demand, production and cost theory, pricing and output
decision in various market structure, factor demand and supply, general equilibrium under
certainty and uncertainty, welfare economics, and market failure.

27
2940502

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D7 Q >S8& *
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H-1 Q B, *
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Advanced Macroeconomic Theory

ADV MACROECON THEO
(Prerequisite: 2940309 Macroeconomic Theory II)
The Solow growth model, the Ramsey-Cass-Koopmans model, the overlappinggenerations model, the endogenous growth models, real-business-cycle theory, the new
Keynesian theories of economic fluctuations, analysis of imperfection of economics system using
advanced microeconomic foundations, theories of consumption, theories of investment,
unemployment, inflation and monetary policy, budget deficits and fiscal policy.
2940418

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Seminar in Economic Theory

SEM ECON THEO
(Prerequisite: 2940501 Advanced Microeconomic Theory or
2940502 Advanced Macroeconomic Theory)
Discussion on topics related to Economic Theory.

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28
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9O' (Development Economics)

2941406

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+ 3 -(1&93 *A0 & *>7 7')* 9 F?C&P 7

Theories and Policies of Development Economics

THEO POL DEV ECON
(Prerequisite: 2941308 Development Economics)
Development of concepts and theories which explain economic backwardness:
development theories of major schools including orthodox theories, structuralist and neostructuralist schools; models of economic development of modern economies; issues of
economic growth and income distribution, industrialization, agricultural development,
employment and wages, foreign direct investment, technological development, roles of
government and alternative development; analysis of the relationship between economic
development and social, political and cultural changes.
2941413

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(?/ ,-( 0)* ) J2 &: 2941308
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Globalization and World Economic Development

GLOB WLD ECON DEV
(Prerequisite: 2941308 Development Economics)
Analysis of the development of the world economy in historical perspective;
different dimensions of globalization processes; theories and concepts to explain globalization;
the impact of globalization on the world economy and on different economics countries.

29
2941423

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)Q3 13 F AX& 2 * G -(1?

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Seminar in Development Economics

SEM DEV ECON
(Prerequisite: 2941412 Theories and Policies of Development Economics or
2941413 Globalization and World Economic Development)
Discussion on topics related to Development Economics.
-

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2942401

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(?/ ,-( 0)* ) J2 &: 2942307
D F ?2 *3 F , )
,K L-9 F&I1 1 >0 F ?2 *3 F ,
,K L-? > F DJ @A0+ >0 F ?2 *
3 F , ,K L- >0 F ?2 *3 F , S)* E &>
,K L- /) D-I) &-9M77? M& 9 F,K L)'(& G ,-( -(1?S0)* 9 +E )*34++1 J ,-( VB F + F+* >0 &>0 N(* E X+ 3 ,K L- >0 . 72
MN(* &0&S0) 77 9S2*S&.& A@72 7 D 3 F 1A 2)S& A 9 F ,>I&I 1- ? > F D
J F, S)* ./07 Q - 5 9 F7./2Q - 5 ? > F D 5J AE &&&I1 1
33)*>507> )* J Q 1.&3 F ,
?7,8* ?A) >507> )*,-(9,0+ * F >0 F ?2 *
3 F,
9 FJ F, S)* 3RA -, * >0 .& 39 2 *G + + >0 .& FA B 5
Q >- ?7 527, * >0 .& FA Q7Q > )A+& + + >0 - FA ,?Q >International Trade
INTER TRADE
(Prerequisite: 2942307 International Economics)
Theory and policy of international trade, theory of analysis of gains from
international trade, classical theory, Heckscher-Ohlin-Samuelson and related theorems, specific
factors model, trade in intermediate goods, and the new trade theory emphasizing imperfect
market, economies of scale, and technology, analysis of impacts of tariffs and nontariff
measures, arguments for protection and the measurement of effective protective rates,
principles and the impacts of various international trading arrangements including multilateral
trade negotiations, regional trade integration, and the formation of bilateral free trade
agreements.

30
2942412

! #?!
'
%!
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2942307
D F ?2 *3 F ,
')
2944310
D *&9 F A *&)
@ ,E * &S)* F
+9 3RA IA1 &0& , ,S)*) 9 3 -(1&Q 1. 0
F ) 9 3 -(1&9 2 * G 9 F>? 7 7B&PD F ?2 *) 9 3 -(1&9 F ?93 , *
D
)'(& G /2& ) A) -81 FA > A5 /E F *& 9 F 1@A03 F/ / ,K L-E &A)
9 3 -(1& ,K L-A5 /E F *& ,K L-?K D *& 9 F 5 D, *A0 &
D
F ?2 *3 F , ,-( E >T 3 F ,PQ BS)* AE &&&I1 17 Q > F ?2 *3 F , , ,S)* H &
*& F ?2 *3 F , >? 7 E X+9 F>? 7 07 ?S)* F *& F ?2 *3 F ,
International Monetary Economics
INTER MON ECON
(Prerequisite: 2942307 International Economics or
2944310 Economics of Money and Financial Markets)
Macroeconomics for open economies with an emphasis on roles of exchange
rate under various exchange rate regimes and its relation with interest rates, price levels, the
balance of payments and national income; exchange rate theories, balance-of-payments theory
and theories of currency crises; exciting world economic events; effectiveness of international
macroeconomic policies; roles of international monetary institutions; success and failure of the
domestic and international monetary systems.
2942418

' ! #?!
%!
(?/ ,-( 0)* ) J2 &: 2942401 >0 F ?2 *3 F ,
')
2942412
D *& F ?2 *3 F , )
)Q3 13 F AX& 2 * G -(1?
D F ?2 *3 F ,
Seminar in International Economics
SEM INTER ECON
(Prerequisite: 2942401 International Trade or
2942412 International Monetary Economics)
Discussion on topics related to International Economics.

3(3-0-6)

31
-

! #?!

(Public Economics)

2943410

%A#B& j ,- $ i ?
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2943307
D P F)
,K L-?2 A0?1 , ,9 FI> * 0 *
,K L-, * ')S)* P F ,K L- &>0
P F9 FJ F, Q 1&)
? > F D ./0+2 1S)*Q >
, ,9 FJ F, S)*
1+2 13 F Q, 2 * G S)* 9 F > * 2 * FA ? > F D 0&,5&9 FJ @A0S)* *,5&Q >

Theory of Public Expenditure

THEO PUB EXPEND
(Prerequisite: 2943307 Public Economics)
Economic theories regarding role and structure of public sector; public choice
theory; public goods and externalities; economic analysis of government expenditures; roles and
impacts of multi-level government expenditures; cost and benefit analysis of public investment.
2943411

%A#B& i #&
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2943307
D P F)
D ? > F DQ Q FQ -.& ) A5 1Q B VB F 2?&9 FA5 1Q B,(?@3
J F, A0 &BK 7S)*Q - 2 * G @A092 Q - *&@A0 Q - IQ> Q -, B1D & Q - F ?2 *
3 F,
, , > *S)*
*9 F
,0)*H(&.& F
+ &I1 1 > * 9 F
2) &-8 P F
Theory of Taxation
THEO TAXATION
(Prerequisite: 2943307 Public Economics)
Criteria for tax analysis; tax incidence in partial and general equilibrium
framework; behavioral effects of major taxes: income tax, international tax, sales tax, property
tax; roles of multi-level government taxes in economic system; fiscal policy and public debt.
2943418

' ! #?!
X
(?/ ,-( 0)* ) J2 &: 2943410 ,K L- ./0+2 1S)*Q >
2943411 ,K L- Q -) )
)Q3 13 F AX& 2 * G -(1?
D P F

3(3-0-6)
')

32
Seminar in Public Economics
SEM PUB ECON
(Prerequisite: 2943410 Theory of Public Expenditure or
2943411 Theory of Taxation)
Discussion on topics related to Public Economics.
-

! #?!

' (Monetary Economics)

2944410

%A#B& '.$ $ '

3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940309 ,K LD7 Q > 2 9 F
2944310
D *&9 F A *&)
9&?>A -(1? >? 7 0)* H') *& 3 7 *&9 F F ?& 2*J2 &,-( /'()7I1*
3 -(1&93 *.&3 7 *& 3 -(1&93 *.&+ 7, *
+ &I1 1 *&9 F+5A752* 7 1
S)*&I1 1
+7 Q >
3 F & F ?2 *&I1 1 *& &I1 1 > * B'()
H-1 Q B, *
+9 F>? 7+E T I , *
+ F *&9 F&I1 1 *& F ?2 *
3 F , ?7HN*9 +E )* 2 * G A0 &,K L- *&
Monetary Theory and Policy
MON THEO POL
(Prerequisite: 2940309 Macroeconomic Theory II and
2944310 Economics of Money and Financial Markets)
Role of money, transmission mechanism, monetary policy and stabilization, fiscal
and monetary policy co-ordination, global financial system and international monetary policies,
monetary models.
2942412

! #?!
'
%!
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2942307
D F ?2 *3 F ,
')
2944310
D *&9 F A *&)
@ ,E * &S)* F
+9 3RA IA1 &0& , ,S)*) 9 3 -(1&Q 1. 0
F ) 9 3 -(1&9 2 * G 9 F>? 7 7B&PD F ?2 *) 9 3 -(1&9 F ?93 , *
D
)'(& G /2& ) A) -81 FA > A5 /E F *& 9 F 1@A03 F/ / ,K L-E &A)
9 3 -(1& ,K L-A5 /E F *& ,K L-?K D *& 9 F 5 D, *A0 &
D

33
F ?2 *3 F , ,-( E >T 3 F ,PQ BS)* AE &&&I1 17 Q > F ?2 *3 F , , ,S)* H &
*& F ?2 *3 F , >? 7 E X+9 F>? 7 07 ?S)* F *& F ?2 *3 F ,
International Monetary Economics
INTER MON ECON
(Prerequisite: 2942307 International Economics or
2944310 Economics of Money and Financial Markets)
Macroeconomics for open economies with an emphasis on roles of exchange
rate under various exchange rate regimes and its relation with interest rates, price levels, the
balance of payments and national income; exchange rate theories, balance-of-payments theory
and theories of currency crises; exciting world economic events; effectiveness of international
macroeconomic policies; roles of international monetary institutions; success and failure of the
domestic and international monetary systems.
2944418

' ! #?!
'
(?/ ,-( 0)* ) J2 &: 2944410 ,K L-9 F&I1 1 *&
2942412
D *& F ?2 *3 F , )
)Q3 13 F AX& 2 * G -(1?
D *&

3(3-0-6)
')

Seminar in Monetary Economics

SEM MON ECON
(Prerequisite: 2944410 Monetary Theory and Policy or
2942412 International Monetary Economics)
Discussion on topics related to Monetary Economics.
2945501

! #?!

(Quantitative Economics)

! #? '
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2945310
7 '8)* 0&)
? > F D 0 * 9 F 3 F7 >2 ?9 +E )*, *
7 A0?1S0)7
)&5 7 ? @A092 3 F7 >? 7 7B&PD,-(7- ,8*/2?* ? 9 +E )*90@S>2 >? 7> A > '()&
9 +E )*) HAH)1 ? ) D ? > F D34++1 F 50&-J ) &)* 9 +E )*I>)&,- /&

34
9 +E )*) HAH)1 ? ) DQ 1. 0 *'()&@S>? 793 3 ?&@72>*,-(
Q 1. 0 *'()&@S>? 793 3 ?&@72>*,-(,(?@3

9 +E )*) HAH)1 ? ) D

Time Series Econometrics

TIME SERIES ECONO
(Prerequisite: 2945310 Introduction to Econometrics)
Analysis, formulation and estimation of time series econometric models;
distributed log model; error correction model; vector auto-regressive model; impulse-response
analysis; co-integration analysis; heteroscedastic and generalized VAR model.
2945502

! #? , i
(?/ ,-( 0)* ) J2 &: 2945310
7 '8)* 0&)
? > F D 0 * 9 F 3 F7 >2 ?9 +E )*, *
Q > AS? * @A092 9 +E )* ?93 7 /*>5 Q B9
1>2 9 +E )*I,
M) D@?? 9 +E )* ? > F D)& 1B 5 9 +E )*S0)7 9+*& 9 +E )*S0)7

3(3-0-6)
7 A0?1S0)7
?> F D
F&

Microeconometrics
MICROECONOMETRICS
(Prerequisite: 2945310 Introduction to Econometrics)
Analysis, formulation and estimation of cross-sectional econometric models;
multiple qualitative choice model; tobit model; survival analysis; multiple hazard model; count
data model; panel data model.
2945418

' ! #?
(?/ ,-( 0)* ) J2 &: 2945501
2945502
7 +5 Q >)
)Q3 13 F AX& 2 * G -(1?

3(3-0-6)
7 )&5 7 ?

')

Seminar in Econometrics
SEM ECONO
(Prerequisite: 2945501 Time Series Econometrics or
2945502 Microeconometrics)
Discussion on topics related to Econometrics.

35
-

! #?!

'

% 9$ '#$ (Labour and Human Resource Economics)

2946410

! #?!
'
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
9&?>A9 F,K L- -(1? ,E * &S)* A9 ** &
,K L-)53 *>D)53, &.&
A9 ** & E &A>2 +0 * 10 1H(&S)*9 ** & ?2 ** & , ,S)* H &9 ** & 9 F
&I1 1 ,-(7-J F, 2) A9 ** &
Labor Economics
LABOR ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Concepts and theories of labor market functioning; theories of labor demand and
supply; wage determination; labor migration; unemployment; role of labor organizations;
government policies in the labor market.
2946409

! #?!
% 9$ '#$
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
9&?>A, *
D -(1? , B1 7&5 1D *,5&.&,5&7&5 1D 39 2 * G
,8*.&A0 & N
5SQ B)& 71 h) 7 9 F 10 1H(&S)*9 ** & ? > F JD ) 9,&
2?& 5>> 9 FJ ) 9,& 2?& *>7+ *,5&.&,5&7&5 1DIA1 &0& N 9 F h) 7
? *9J&E *>& BC& E *>& &I1 1 BC& , B1 7&5 1DS)*@,1
Human Resources Economics
HUM RES ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Economic concepts of human resources; various forms of human capital
investment: education, health, training and labor migration; analysis of private and social
benefits from human capital investment emphasizing education and training; manpower
planning; manpower development; human resource development policies of Thailand.
2946419

' ! #?!
' % 9$ '#$
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2946410
D9 ** & ')
2946409
D, B1 7&5 1D)
)Q3 13 F AX& 2 * G -(1?
D9 ** &9 F, B1 7&5 1D

36
Seminar in Labor and Human Resources Economics
SEM LABOR HUM RES
(Prerequisite: 2946410 Labor Economics or
2946409 Human Resources Economics)
Discussion on topics related to Labor and Human Resources Economics.
! #?!
Agri-business)

% 9$ X

(Economics of Agriculutre and

2948406

! #?!
% 9$ X
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K L+D 5 Q > 2)
&1 7S)*, B1 P 7/ >5 7 A0 &
AS)*, B1 P 7/
>5 >2
S)*, B1 P 7/ 3 F15 D ,>&> >2 7 F,-( 5A ./0, B1 P 7/ 9 2 * G
34T ./0, B1 P 7/ .&34++5 &9 F9&?, *90@S
Natural Resources Economics
NAT RES ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Definition of natural resources; market characteristics of natural resources; value
of natural resources; applying of optimization techniques to the use of different types of natural
resources; problems of the use of natural resources and approaches to solving the problems.
2948411

! #?!
)
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
E &A>5 Q B (*9?A 0)7)12 * 7 F 7 ? > F DS0)7 >5 Q B (*9?A 0)7
.& /*
D)12 * 36& F
? > F D&I1 19 F7 +A A0 & (*9?A 0)7 ?P-
3 F 7&J F, 2) (*9?A 0)7 ,K L- 3 F 7&>2 , *
SD )* (*9?A 0)7 ?P- 3 F 7&
>2 , *
DS)*J F, 2) (*9?A 0)7 3 F15 D./0>2 , *
DS)*J F, 2)
(*9?A 0)7.& 3 F 7&I> *
Environmental Economics
ENV ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Determination of optimal environmental quality; systematic economic analysis of
environmental quality; analysis of policies and measures for environmental management;

37
methods for evaluation of environmental impacts; theories of economic evaluation of the
environment; methods for economic evaluation of environmental impacts; application of
economic values of environmental impacts in project appraisal.
2948420

' ! #?!
% 9$ X
(?/ ,-( 0)* ) J2 &: 2948406
2948411
D (*9?A 0)7)
)Q3 13 F AX& 2 * G -(1?

)
D, B1 P 7/

3(3-0-6)
')

D, B1 P 7/ 9 F (*9?A 0)7

Seminar in Natural Resources and Environmental Economics

SEM NAT RES ENV
(Prerequisite: 2948406 Natural Resources Economics or
2948411 Environmental Economics)
Discussion on topics related to Natural Resource and Environmental Economics.
! #?!
-)$
Industrial Organization)

(Economics of Organization and

2949413

3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
BK 7S)* &2?1P5 +.& A9S2*S&@72 7 D E A9 9S2*S&
A &.+ /* 15,PD.&9 +E )* 9S2*S&IA13 7 J 9 F > &>0 9S2*S&A0?1 &>0 ,-(
7->? 79 2 *& ?+19 F BC& ,P 9 F, B1D &, *34TT 15,PD 8* > &>0
.&9 2 * G
Industrial Organization
INDUS ORGAN
(Prerequisite: 2940308 Microeconomic Theory II)
Firms behaviour under imperfect competition; regulation; strategic decision
under quantity and price competition; product differentiation; research and development; patent
and intellectual property rights; pricing strategies.
2949419
! #?!
-)$
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
,K L-?2 A0?1 &2?1P5 +S)*&-I)>

+A)*>D S)* &2?1P5 +IA1,K L3 &M 3R - ) +& D +A)*>D S)* &2?1P5 + 7,K L- 0&,5& ,E P5 7 >? ?7+
I> * 0 *)*>D >? 7 36& +0 S)* 9 F)E & +.& >? >57 AE &&* &S)* &2?1P5 +

38
Economics of Organization
ECON ORG
(Prerequisite: 2940308 Microeconomic Theory II)
Neoclassical theory of firms; the principal-agent theory of firm organization; the
transaction cost theory of firm organization; merger; organization, ownership and control.
2949420

' ! #?!
-)$
(?/ ,-( 0)* ) J2 &: 2949413 )*>D )5
2949419
D?2 A0?1)*>D )
)Q3 13 F AX& 2 * G -(1?

3(3-0-6)

')

D?2 A0?1 &2?1P5 +

Seminar in Economics of Organization and Industrial Organization)

SEM ECON ORG
(Prerequisite: 2949413 Industrial Organization or
2949419 Economics of Organization)
Discussion on topics related to Economics of Organization and Industrial
Organization.
2.3
2900303

% ! #?!

)&$ 9

'- $ ,

'
.
(?/ ,-( 0)* ) J2 &: 2940203 ,K L ? *9J&I> * S-1&I> *
IA1 &0& - N S)*I> * P F 2 * G ,-( ASN8&+ *

-.% 3

'- $ )
3(3-0-6)

D+5 Q > 1)
I> * 9 F 3 F 7&I> *

Project Planning and Management

PROJ PLAN MGT
(Prerequisite: 2940203 Microeconomic Theory I )
Project planning; writing, managing and evaluating projects with emphasis on
case studies of public projects.

39
2900401

<9 ) 'j' ! #?!

(?/ ,-( 0)* ) J2 &: . 0 36&@3 73 F S)*> F
?S0) VB FA0 & 2 * G .&?/
D

3(3-0-6)
D)

Special Topics in Economics

SPEC TOP ECON
(Prerequisite: As announced by the Faculty)
Various topics in Economics.
2940408

! #?!

3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940310 3 F? >? 7>A, *
D)
9&?>A9 F,K LD 7')*>

IA1 VB F)12 *1(*9&?>A

D 7')*S)*> D 7 DMD 9 F9&?>A9 F,K LD 7')*)'(& G @A092
D
9&? H & 9&?>A ') P F 9&?>A)&5 D&17. 72 9&?>A A 9 F9&?>A)'(& G
)A+& E &>A
D 7')*@,1
Political Economy
POL ECON
(Prerequisite: 2940310 History of Economic Thought)
Concepts and theories of classical political economy in particular the political
economy of Karl Marx and a whole set of political economys thoughts and theories like
institutional economics, public choice, neo conservalism, radical political economy and other
thoughts; Thai political economy schools of thought.
2940414

%A#B&
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
,K L- 7 /* H 9 F /*B ? 7.&9 3 9 F9 S1 1 79 7- & ,
7 D9 F@72 7 D 15,PD 9&?>AA5 1Q B /2& ),- ,IA79&& 9&/ M-1&-9&/ M 7B) >-9&/ 9 F B) >- M-1&-9&/

Game Theory
GAME THEORY
(Prerequisite: 2940308 Microeconomic Theory II)
Static and dynamic game theory, normal-form game and extensive-form games,
complete and incomplete information games, strategies, equilibrium concepts, e.g. iterated
dominance Nash, Bayesian-Nash, subgame-perfect-Nash, and perfect-Bayesian-Nash.

40
2941402

$ ,'
8 - %- %&$ '
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2 9 F
2941308
D BC& )
F
+.& ,>? 7@72 ,2 ,-17& F ?2 * 527 2 * G .& *>7 BC&
S)*,K L- 2 * G A0 &>? 7@72 ,2 ,-17& 7 2 * G S)*>? 7@72 ,2 ,-17& ,8*7 , *
+
*>7 7')* 9 F>? 7 7B&PD,-(7- 2)& 0 *A/&-?A>? 7 5&9 *S)*>? 71 +&9 F>? 7@72
,2 ,-17& 9&?>A '8)* * 0 *A/&- ,>? 79 F* &?+1 -(1? >? 71 +&9 F>? 7@72 ,2
,-17&IA1 VB F.&3 F , E *BC& ? > F D&I1 1,-(7-J F, 2) F+ 1 1@A0
Poverty and Inequality
POV INEQUAL
(Prerequisite: 2940308 Microeconomic Theory II and
2941308 Development Economics)
Economic systems in the context of inequality among different groups in a
society; development of various theories on this topic; different dimensions of inequality:
economic, social and political inequality and their relationship; construction of inequality and
poverty indices; ideology behind the construction of different indices; articles and research on
inequality and poverty especially in developing countries; analysis of the impacts of various
policies on income distribution.
2941405

!
! #?,8%$
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2941102
+@,1)
9&?, * 2 * G .& N 3 F?
D
+@,1 IA1 VB F9&?, *S)* E &
D 7')*
+ A& 0&9 9 F?C&P 7S)*/& J2 @,
+ 72 0 &9 F
2* 2?1.& *>7 A& S1 1 ?S)* >0 2 *3 F , .& F A& J 7,5&&17 /2?* 71
?K D
+
1 B&P& A& * 2?& 9 F 9 ?* F
+. 72
+ F ?2 * *> 7 /2?* 71,5&&17S0 / S1 1 ?S)* F ,5&&179 F S1 1
/'()7I1*S)*
+.&3 F ,
+I 79J&BC&
+V 2 * G F9 ?+ D
BC& 3 F , @,19&?,5&&17
S0) &) B'()BC&
+9 F3O 3 F
+@,1
IA1 VB FS0) &)
+B) B-1* ')
+/57/&

41
Thai Economic History
THAI ECON HIS
(Prerequisite: 2941102 Thai Economy)
Various approaches to a study of Thai economic history especially the political
economy approach, the proto-Sakdina economy and culture of the Tai tribe, the village economy
and its tributes in the Sakdina society; the expansion of foreign trade in the Sakdina cum
capitalist economy; the period of economic crises; the partial abolition of the Sakdina economy
and the search for a new economic order; the economy during the war; the period of
bureaucratic capitalism; the expansion of capitalism and increasing linkages of domestic
economy with the world economy under various development plans; criticism of the capitalist
way of Thai development; proposals for economic development and reform, especially
proposals to create a selfsufficient or a communityoriented way of development.
2941414

! #?!
i i
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2940308 ,K LD+5 Q > 2)
?> F D
+ 7')*9 FQ7Q > ,K LD,-( -(1?S0)*
D 7')*
9 FQ7Q > ,-( 8*S)*+ 7, *
+9 F &2?1
+ 2 * G A5 1Q B /*B'8&,-(
D
Q7Q > /*B ? I> * 0 *9 2*A5 1Q BS)*/57/& 7')* >? 7+E TS)* 7')*9 F ? *9J& FA
7')*
3 F AX&34T S)*/57/& 7')*
9 +E )*9 F?P- ? > F DA0 &
DQ7Q >
BC& FA Q7Q >9 F&I1 1 ?7,8* ? *9J&.& FA Q7Q >
Urban and Regional Economics
URBAN REGION ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Analysis of urban and regional economics; related economic theories; urban
and regional economics; location of economic activities and economic units; spatial equilibrium;
dynamic regional economics; structure and equilibrium of urban setting; urban development and
planning; urban problems; models and analytical methods in regional economics; regional
development and policies, including regional planning.
2941417

)7

! #?, <9
%!
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2941308
D BC& )
? > F D /* NA0 & BC&
+S)*3 F , E >TS)*I /2& +-&
T-(35i& ')3 F , B'()& 0 &,-(7- 15,PD ')9&?, * ? *&I1 1
+,-(9 2 * ')

42
3 F , ,-(7->? 7&2 &.+.&3 F AX& BC&
+
&0& 3 F15 D,K L-BC&
+
3 F D BC& ? > F D34T 9 F 90@S34T I> * 0 * F
+ , ,
9 F , ,S)*Q >
+ 2 * G >? 7 7B&PD F ?2 * 3 -(1&93 *, *
+ 3 -(1&
93 *, * *>79 F 7')*
Economics of Selected Countries
ECON SELECT
(Prerequisite: 2941308 Development Economics)
In-depth analysis of the economic development of specific countries such as
China, USA, Japan or neighboring countries which have distinct strategies or economic policies
or the countries with interesting economic development with emphasis on the application of
economic development theories to development experiences; analysis of the problems and
solutions; structure of economic system; the states role and the roles of different economic
sectors; relationship between economic and social and political changes.
2942406

#%
3(3-0-6)
(?/ ,-( 0)* ) J2 &: 2942307
D F ?2 *3 F , )
, ,9 F>? 7 E >TS)* *,5& F ?2 *3 F , 9 F
,S0 7/ 2)
+
Q 1.&3 F , 9 F
+I
,K L-,-()P 1BK 7S)*
,S0 7/ -(1? 3 FA D
>A>0&9 F H2 1,)A ,>I&I 1- ,P 9 F )&5T . 0J 9 FM'8)S 1 15,PD J 9 F
9 ?* ? H5A ?7,8* E &A>2 +0 *9 F
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Multinational Enterprises
MULTI ENTERP
(Prerequisite: 2942307 International Economics)
The role and importance of international investment and multinational enterprises
(MNEs) in the domestic and the world economies; theories explaining the behavior of MNEs in
the areas of innovation and technology transfer, patents and licensing, production strategy and
sourcing, and wages and human resource management; market structure, conduct, and
performance of MNEs with emphasis on the impact on local firms and economies; the role of the

43
government and international organizations in promoting international investment and
multinational enterprises in developing countries.
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Derivatives for Economists
DER ECONOMIST
(Prerequisite: 2944310 Economics of Money and Financial Markets)
Options, forward contracts, futures contracts, and swaps including their value
and risk characteristics. How these derivative contracts work, how they are used, and how they
are priced as they allow one to tailor the amount and kind of risk one takes, be it risk associated
with changes in interest rates, exchange rates, stock prices, commodity prices, inflation, etc.
The main kind of derivatives, shows how they are used to achieve various hedging and
speculating objectives.
2944405

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Investments
INVESTMENTS
(Prerequisite: 2944310 Economics of Money and Financial Markets)
Analytical techniques within the Investments area. Focusing both on individual
securities and on portfolios of securities, describes and explains the techniques, vehicles, and
strategies for implementing investment goals in light of risk-return tradeoffs. In addition to a
discussion of the institutional details of the security markets, types of investment instruments,
and the traditional analysis of security prices, emphasis will be placed upon the determination of
security prices within the framework provided by Capital Market Theory.

44
2944406

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Corporate Finance
CORP FIN
(Prerequisite: 2944310 Economics of Money and Financial Markets)
Financial decision making in the modern corporation. An overview of the
fundamental concepts and techniques of managerial accounting, financial analysis and financial
management. Topics covered financial statement analysis, project budgeting and evaluation,
financial risk management, capital budgeting/corporate investment, weighted average cost of
capital, capital structure, investment decisions and financial funding.
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Health Economics
HEALTH ECON
(Prerequisite: 2943307 Public Economics)
Application of economic principles and analysis to health sector concerning
health problems; health care finance, establishment of security in health care and health
services; demand and supply of health care services; economic evaluation of health care and
health care services; evaluation of health care finance; health care reform.
2946411

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45
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Industrial Relation
INDUS RELATIONS
(Prerequisite: 2940203 Microeconomic Theory I)
Philosophy, objectives and development of industrial relations system;
components of organizations and government institutions related to industrial relations system;
dynamic changes affecting industrial relations system; outcome of industrial relations system in
forms of agreements and legal acts; analysis of economic, social and political factors affecting
industrial relations mechanism and its functioning; labor relations in Thailand and comparative
industrial relations.
2947410

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Agricultural Economics
AGRI ECON
(Prerequisite: 2940308 Microeconomic Theory II)
Production, consumption and price determination of agricultural products both in
the international and local level; microeconomic theory concerning agricultural products with
reference to resource management, including land and water; environmental deproduction;
suitable production technique and subsistent agriculture; agricultural policies suitable for
Thailand.
2949403

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46
Product and Marketing Management
PROD MKTG MGT
(Prerequisite: 2940203 Microeconomic Theory II)
Relationship between organizational production and marketing management;
production theory and managerial practice in planning, administration and factory control to
improve productive efficiency; marketing strategies; product management; price and marketing
channel; organization and marketing control.
2942411

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International Trade Policy
INTER TRADE
(Prerequisite: 2942401 International Trade )
International trade policy theories; the departure of trade policies from the free
trade conditionality; optimal tariff policy; quota restrictions and other non-tariff barriers;
principles of bilateral trade agreement; regional trade agreement and multilateral trade
agreement; empirical studies of non-tariff barriers; regional and multilateral trade agreements;
political economy of trade policy; issues regarding developing countries; theory of trade
agreements and trade negotiation
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Research Paper
RESEARCH PAPER
(Prerequisite: 2940418 Seminar in Economic Theory or
2941423 Seminar in Development Economics or
2942418 Seminar in International Economics or
2943418 Seminar in Public Economics or
2944418 Seminar in Monetary Economics or
2945418 Seminar in Econometrics or
2946419 Seminar in Labor and Human Resources Economics or
2948420 Seminar in Natural Resources and Environmental Economics or
2949420 Seminars in Economics of Organization and Industrial Organization)
Selection of research topics in chosen field of concentration; development of
stages of research; data collection and analysis, report writing.