FACULTY OF ECONOMICS 1 คูมือการศึกษาระดับปริญญาตรี

Courses in Economics Consumer behavior, demand, supply, market price, price

Course code ECON (751)
ECON 100 GENERAL ECONOMICS 3(3/3-0/0)
Pre: None
(Not to be counted as Major or
Minor; Students who have
taken ECON 101, 102 will not
allowed to take this course.)
Basic concepts in economics. Elementary theories of price and
production. National income and employment. Public finance.
Money and banking. Contemporary economic problems.
Students who have taken ECON 101 and/or ECON 102 will not
allowed to take this course.
elasticities, classical utility and consumer demand, indifferent-
curve analysis and modern utility theory. Theory of the firm:
firm and its decisions. Theory of production, choices of inputs
and outputs, cost function and basic concepts of linear
programming.
ECON 302 MICROECONOMIC 3(3/3-0/0)
THEORY II
Pre: ECON 301
Price determination and policy in different forms of market.
Competitive pricing, general equilibrium and economic welfare,
monopoly pricing, price discrimination, pricing in imperfect
competition and prices of factor of production.

ECON 101 PRINCIPLES OF ECONOMICS I 3(3/3-0/0) ECON 303 PUBLIC FINANCE 3(3/3-0/0)
Pre: None Pre: ECON 301

Basic concepts in economics. Elementary price theory. Theory Revenue and expenditure activities of government. It deals with
of consumer behavior. Production theory and factors of budgets, taxes, government expenditures and public debts.
production. Microeconomic policy. Effects of budgets on the economy, particularly the effects on
the achievements of the major economic objectives; growth,
ECON 102 PRINCIPLES OF ECONOMICS II 3(3/3-0/0) stability, equity and efficiency.
Pre: ECON 101
ECON 304 ECONOMIC STATISTICS 3(3/3-0/0)
National income and national product. Income determination. Pre: ECON 102, STAT 272 and
Money and price level. Macroeconomic policy. International MATH 172
economics.
This course is intended to emphasize the application of statistics
ECON 202 HISTORY OF ECONOMIC 3(3/3-0/0) to economic analysis: index numbers, time series, correlation
THOUGHT and regression analysis, the method of least squares, simple and
Pre: ECON 102 multiple regression.

A survey of economic thoughts from ancient days through ECON 308 MACROECONOMIC 3(3/3-0/0)
contemporary economics. Biblical times, Greek and Roman, THEORY I
English-French-German. Mercantilism, Physiocrats and their Pre: ECON 102
doctrine. Philosophers, disciples, influence and criticism of
Classical Economics, Marginal utility Economics. Ideal an National income concepts, Static and dynamic theories of
scientific of Socialism, Keynesian Economics, Business determination of national income and employment and of
cycletheorist, price theorist, the old and new Welfare business fluctuations.
Economics.
ECON 309 MACROECONOMIC 3(3/3-0/0)
ECON 209 INTRODUCTION TO 3(3/3-0/0) THEORY II
MATHEMATICAL ECONOMICS Pre: ECON 308
Pre: ECON 102 and MATH 172
Fundamentals of Growth Economics. Problems of controlling
This course aims at furnishing the students of understand, as an economic activity Monetary and fiscal policies for promoting
introductory course, quantitative techniques of economics both economic. Stability and growth.
in mathematical contexts and as an application to economic
problems. It covers the nature of mathematical economics, ECON 320 INTERNATIONAL 3(3/3-0/0)
economic models, types of economic functions, static (or BUSINESS ECONOMICS
equilibrium) analysis, comparative statics analysis. Maximal Pre: ECON 308
and minimal, differentials, dynamic analysis, matrix algebra,
difference and differential equations. Principle of international business economics. International
business strategies in current economic situations. The US, EU,
ECON 220 ECONOMIC HISTORY 3(3/3-0/0) Chinese, Japanese, Russian and Middle East markets, cultures
Pre: ECON 102 and consumers’ behaviors. Import regulations and products-
standards. Markets-entries. Political economy between the US,
Development of European agriculture, industry, finance and EU, China, Japan, Russia, Middle East and major countries
international trade since 1750: growth of U.S. economy. A such as India, Korea and others that affect international
historical survey of the economic growth of some major Asian business.
countries, and Thailand, with emphasis on the development of
agriculture, industry, finance and international trade. ECON 321 COMMUNITY 3(3/3-0/0)
ECONOMIC DEVELOPMENT
ECON 301 MICROECONOMIC THEORY I 3(3/3-0/0) Pre: ECON 102
Pre: ECON 101 and MATH 171
Conceptual frame work of community economic development
including the study of the past and present economic structures
FACULTY OF ECONOMICS 2 คูมือการศึกษาระดับปริญญาตรี

of Thailand, the sustainable development, the community Man and land, the supply of land for economic use, population
economic development, the development of community pressure and demand for land. Land resource requirement,
economic development in Thailand, impacts of globalization input-output relationships affecting, land use and economic
and community adjustment. returns to land resource. Land resource development decisions,
conservation and values of land resource and the real estate
ECON 322 INTERNATIONAL 3(3/3-0/0) market. Impact of institutional factors on land use. Planning and
POLITICAL ECONOMY public measures for directing land use.
Pre: ECON 202
ECON 343 ECONOMIC ANALYSIS 3(3/3-0/0)
Political economy between the Middle East, US. and Europe. OF ENERGY AND
The ongoing wars: Seizure of natural resources. Strategic, RESOURCE MARKETS
economic and political alliances. Analysis of integrated impacts Pre: MATH 172 or MATH 162 and
of the international political economy on global and Thai ECON 100 or ECON 102
economies; applied strategies.
Fundamental concepts of production economics, market
ECON 323 MODERN CHINESE 3(3/3-0/0) structures, applications of game theory and principles of
ECONOMY nonrenewable resources. Economic analysis modeling of policy
Pre: Third year standing and planning issues in energy and nonrenewable resource
markets.
Understanding modern China: The historical turning points.
Reform and economic development. Business opportunities and ECON 345 TRANSPORTATION 3(3/3-0/0)
joint-venture potentials in China: Successful case studies. ECONOMICS
Building brands and niche products for Chinese markets. Pre: ECON 102

ECON 325 AMERICAN MARKETING 3(3/3-0/0) Transportation and economy, scope of transportation economy,
ECONOMICS transport location, transportation efficiency, land rent and
Pre: Third year standing transportation, transportation consideration, importance of
transportation.
American Marketing Economics: Cultures and consumers’
behaviors. Practical analysis of the middle and high-end ECON 347 COOPERATIVE ECONOMICS 3(3/3-0/0)
consumers. Empirical analysis of particular American markets. Pre: ECON 102
Tailoring products for American markets. Import regulations
and products-standards. Markets-entries and strategies for Historical development, idea and definition of cooperative.
various businesses. Rochdate principles and principles of different types of
cooperative organization, comparison of cooperative to other
ECON 330 MONEY AND BANKING 3(3/3-0/0) economic systems and to other types of business organization.
Pre: ECON 102 Development and cases study in cooperative problems in
Thailand Cooperative and the social and economic development
The nature and function of money and finance; the role of of Thailand. Cooperative movement in selected countries. The
money, kinds of money, monetary standards, debt, credit and preliminary cooperative organization work Cooperatives and
finance instruments, finance, intermediaries, Commercial their worldwide status.
banking system and policy. The role of central bank, central
banking system of the U.S.A., U.K. and Thailand. Instruments ECON 401 INTERNATIONAL 3(3/3-0/0)
of monetary policy. Monetary policy and fiscal policy. Money ECONOMICS
market and capital market. Credit market in Thailand. Pre: ECON 302 and ECON 308

ECON 332 MONETARY THEORY 3(3/3-0/0) This course is intended to provide general concepts and theories
Pre: ECON 330 of international trade, and related problems. Pure and monetary
aspect of international theories. International migration of
Meaning, changes, measurement and importance of changes of factors of production: labor and capital movement and the effect
the value of money. The early and improved Quantity Theory, of factor migration. Economic integration among developing
the equation of exchange and the demand for money. Rate of countries.
interest, loanable funds and liquidity preference theory. Keynes'
Monetary Theory, money market and IS LM curves, money and ECON 405 THEORY OF ECONOMIC 3(3/3-0/0)
industrial fluctuations, monetary policy and its practice. DEVELOPMENT
Pre: ECON 308
ECON 340 INTRODUCTION TO 3(3/3-0/0)
AGRICULTURAL ECONOMICS Concepts and theories related to the problems of economic
Pre: ECON 102 growth in both developed and developing countries. A general
survey of economic development theories from the classical era
General ideas in agricultural economics; land capital labor and up to present and the comparison and evaluation of those
management. Present farm management in Thailand. Land theories.
tenure, systems and types of farming, farm organization and
management. Agricultural credit. Demand, supply and ECON 408 RESEARCH METHODS 3(3/3-0/0)
marketing of agricultural products. Problems in agricultural IN ECONOMICS
economics. (Formerly ECON 441 since 2004)
Pre: Third year standing
ECON 342 LAND ECONOMICS 3(3/3-0/0)
Pre: ECON 102
FACULTY OF ECONOMICS 3 คูมือการศึกษาระดับปริญญาตรี

Basic procedures and methods of research in economic are Data Envelopment Analysis model and Stochastic Frontier
considered from the standpoint of their applicability to problem Analysis model.
solving and discovering of new scientific facts and
generalizations in economic. Definition of the problem, ECON 416 MATHEMATICAL 3(3/3-0/0)
statement of hypothesis, research design, data collection ECONOMICS
methods and data analysis constitute the major topics. Attention Pre: ECON 209
is given to proper style and preparation research reports in
economics. This courses approaches macroeconomic and micro-economic
theories mathematically beyond the introductory course (ECON
ECON 409 RESEARCH EXERCISE 3(0/0-3/P) 209). It covers how economists think and how they approach
IN CURRENT ECONOMICS ISSUES some of the analytical problems by resorting to the model
Pre: ECON 408 building approach using mathematical tools, emphasis on
method of analysis.
An individual research exercise on current economics issues
under general guidance and supervision of instructor. ECON 417 MANAGERIAL 3(3/3-0/0)
ECONOMICS
ECON 410 INTRODUCTION 3(3/3-0/0) Pre: ECON 302, MATH 172, STAT 272
TO ECONOMETRICS
Pre: STAT 272 and MATH 172 The decision-making process involving the economic activities
of a firm. These activities include: optimization techniques,
Concepts and understanding econometric models and methods. demand analysis and forecasting, production and cost analysis,
Deductive and inductive methods as applied in econo-metrics, market structures and pricing, risk analysis and long-run
economic vs. econometric models. The ideas and principles of
planning, government policy and regulations, and the
the quantitative analysis of economic phenomena. The relation
between economic theory and the organization and evaluation international economy.
of statistic. Static and dynamic models, empirical methods in
ECON 418 BUSINESS CYCLE 3(3/3-0/0)
econometrics; identification of econometric parameters,
THEORY
statistical estimation and testing.
Pre: ECON 308
ECON 411 THE ECONOMICS OF 3(3/3-0/0) Theories and concepts of business cycle, including an analytical
EUROPEAN ECONOMIC
survey of the history and nature of cyclical economic
INTEGRATION
Pre: ECON 401 fluctuations, policies of economic stabilization. Relationship
between business cycle theories and economic growth theory.
Theoretical analysis of economic integration and review of
relevant economic policies such as trade, agricultural, industrial, ECON 419 ECONOMIC THEORY 3(3/3-0/0)
monetary and fiscal policies of the European Union. Impact of AND ENTREPRENEURSHIP
the integration on external relations with other countries. Pre: Third year standing

ECON 413 INTRODUCTION TO 3(3/3-0/0) General concepts of economic theory and entrepreneurship.
INPUT-OUTPUT ANALYSIS Behavior and characteristics of entrepreneurs. Creation of new
Pre: ECON 209 ideas in doing business for potential entrepreneurs.
Entrepreneurial opportunities in small and medium enterprises
Concepts of Input-Output analysis and the applications of this (SMEs). Case studies of entrepreneurial success in progress.
technique to national economy. Methods and problems of
constructing and Input-Output table. ECON 420 INTERNATIONAL FINANCE 3(3/3-0/0)
Pre: ECON 401
ECON 414 INTRODUCTION TO 3(3/3-0/0)
APPLIED ECONOMETRICS Financial policies to maintain a monetary equilibrium in its
Pre: ECON 410 foreign transactions. Choice among exchange rent regimes as
the first step in making international policy. Free exchange rate
An introduction to stationary and nonstationary random and fixed exchange rate will be closely studied. The comparison
variables. Estimation and hypothesis testing. An introduction to study of internal equilibrium and external equilibrium; full
nonstationary univariate time series models. Developments of employment at home or payments equilibrium.
nonstationary univariate time series models. Stationary and
nonstationarity in single-equation regression analysis. ECON 421 ECONOMICS OF INVESTMENT 3(3/3-0/0)
Endogeneity and the fully modified ordinary least squares Pre: Third year standing
estimator. Econometric theory applications to the demand for
money, the term structure of interest rates, the Phillips curve, Investment decision and economic variables. Uncertainty and
the exchange rate and purchasing power parity. Multivariate decision making. Sources of information on investments.
and cointegration. Application of multivariate models involving Introduction to security valuation using economic theory.
cointegration. Autoregressive conditional heteroscedasticity : Industry analysis using economic theory. Company analysis
modeling volatility. using economic theory. Bond market. Introduction to bond
valuation. Introduction to financial derivatives and economic
ECON 415 EFFICIENCY AND 3(3/3-0/0) theory. Introduction to foreign exchange markets. Analysis of
PRODUCTIVITY MEASUREMENT foreign exchange rates using economic theory. Application of
OF INDUSTRIES financial derivatives and capital markets. Due diligence and
Pre: STAT 272 and ECON 209 initial public offerings. Mergers and acquisitions.
Applications of economic, statistical and mathematical concepts
ECON 422 TECHNICAL ANALYSIS 3(3/3-0/0)
in designing mathematical programming and parametric
methods to measure the efficiency and productivity of a FOR INVESTMENT
production process in energy and resource industries. An Pre: Third year standing
analysis of the efficiency and productivity in industry using the
FACULTY OF ECONOMICS 4 คูมือการศึกษาระดับปริญญาตรี

Dow theory. Basic concept of trends. Major reversal patterns. bargaining and productivity bargaining, collective bargaining in
Moving averages. Relative strength index. Moving average Thailand.
convergence and divergence. Stochastics. Oscillator.
Momentum. ECON 442 REGIONAL ECONOMICS 3(3/3-0/0)
Pre: ECON 302
ECON 424 ECONOMIC DEVELOPMENT 3(3/3-0/0)
OF DEVELOPING COUNTRIES Regional economic theories, interregional trade and factor
Pre: ECON 308 mobility regional economic growth, regional economic analysis
techniques, and regional planning.
Basic characteristics of poor countries; obstacles to
development; general requirements for development. Domestic ECON 443 INDUSTRIAL 3(3/3-0/0)
policy issues; prospect for development and some topics for ECONOMICS
case studies. Pre: ECON 102

ECON 427 ECONOMIC PLANNING 3(3/3-0/0) Nature and scope of the process of industrialization, the patterns
Pre: ECON 309 of industrial growth the structure and functioning of industries
and industrial relation, location of industries.
Types, methods and applications of planning. Concepts and
significance of economic planning as relevant to economic ECON 444 URBAN ECONOMICS 3(3/3-0/0)
development. Economic planning of Thailand. A survey of Pre: ECON 302
different approaches to economic planning in some other
countries. Economic analysis of urban location, land-use, and economic
growth. Problems of urban transportation, public finance,
ECON 428 POLITICAL ECONOMY 3(3/3-0/0) housing, poverty and environmental quality. Urban economic
Pre: ECON 100 or ECON 102 planning.
Fundamental concepts, structures, and system of political
Economy. Political economic interpretation of authoriatianism, ECON 445 NATURAL RESOURCE 3(3/3-0/0)
individualism, socialism, nationalism, and ethics. Thai ALLOCATION AND POLICY
economic system from political economic perspective. Political Pre: ECON 302
economic power concentration in Thai economic development
and problems. Policy analysis and allocation of natural resources to serve the
target of national economic and social development.
ECON 429 COMPARATIVE 3(3/3-0/0)
ECONOMIC SYSTEM ECON 446 ECONOMY OF THAILAND 3(3/3-0/0)
Pre: ECON 202 Pre: ECON 301 and ECON 308

Characteristics and functions of an economics system. Analysis A study of the structure of the Thai economy in the past and at
of alternative patterns of economic control, planning and market present. Analysis of the use of resources in production;
structure. Experiences under capitalism, socialism and mixed expenditure on consumption and investment; foreign trade;
economics. Consideration of their theories and philosophies. economic and social development, economic statilization;
including major economic problems.
ECON 434 COMMERCIAL BANKING 3(3/3-0/0)
Pre: ECON 330 ECON 447 SEMINAR IN CURRENT 3(3/3-0/0)
ECONOMIC PROBLEMS
Banking practice and policy; evaluation of Thai banking Pre: Fourth year standing
institutions, banking organization and management: deposits,
loans, discounts, investments and negotiable instruments. A general survey of current economic problems affecting
Branch banking: special aspects of bank accounting: role of economic progress and stability with special emphasis on
commercial bank financing in foreign trade; foreign exchange Thailand.
transaction interbank transaction and clearing system.
ECON 448 SEMINAR IN GLOBAL 3(3/3-0/0)
ECON 437 TAX SYSTEM 3(3/3-0/0) INVESTMENT ISSUES
Pre: ECON 102 Pre: ECON 421 and ECON 422

Principles and purpose of taxation. The effect of taxation upon
the economy, tax base and tax rate. The shifting and incidence
of taxation. Principles which regulate the incidence of taxes.
Principles of some major taxes. Tax system of Thailand. The
relationship of taxation and economic development. Taxation
and economic statilization. Problems of taxation of developing
countries. Tax as an instrument for fiscal policy.
ECON 440 LABOR ECONOMICS 3(3/3-0/0)
Pre: ECON 202
This course is intended to provide students with general views
and concepts of labor economics and industrial relations. Topics
included: supply of labor, demand for labor and labor market;
manpower and economic growth; trade unionism, collective
Global investment issues are presented, analyzed, and
discussed.
ECON 451 HEALTH ECONOMICS 3(3/3-0/0)
Pre: ECON 301 and ECON 308
Basic concepts in health economics, public goods, externalities
and health care services. Demand for and supply of health care,
the economic evaluation of health programs. Technical
efficiency, economic efficiency and cost of health care services.
Resource allocation in health sector and the development of
health. Health insurance, health care delivery system and
analysis of health problems in Thailand.