Composition of Course (Update 2022)

01101284

Economics of Natural Resources and Public Policy

  3

Pre: 01101281

     Causes and consequences of market failures. Problems of natural resource and environmental management. Role and necessity of government in market economy. Fundamental principles of economics regarding government environmental policies including taxation and tax structure. Applications of taxation policies as remedy to market inefficiencies and environmental problems.

01101312

Thai Economy

3

Pre: 01101281 and 01101282

     Basic structure of Thai Economy and its current performance.

01101314

Economic Development

3

Pre: 01101385

     General theory of development and underdevelopment. Economic growth
models. Agricultural and economic development. Industrial development. Human resource development. Saving - investment and economic development. Monetary and fiscal policies for developing countries. Role of foreign trade on economic development. Foreign aid and investment.

01101316

Urban Economics

3

Pre: 01101281 and 01101282

 Urban development, urban spatial structure and choosing the location of households and firms. Using the tools of economics to analyze urban issues, environment, local government finance, and remedial policies to solve these issues. Roles of community and government in urban development. Field trip required.

01101321

Financial Business Economics

3

Pre: 01101384

 Business finance and its role in the economy, the impact of monetary policies on business, financial statements, cost of capital and structure of the capital the short-term and long-term financing.

01101331

Economics of Industrial Organization

3

Pre: 01101231

 Economic principles applied in industrial organization. Relation among market structure, conduct and performance. Firm behavior and performance. Game theory, advertising, research and development, market barrier to entry, integration and merger of firms, pricing strategies, market strategies, role of information, and government intervention.

01101332

Economics of Human Resources

3

Pre: 01101231

 Theories and concepts in economics of human resources. Investment in human resources. Education. Training. Migration and health. Government policies on human resource. Manpower planning and human resource management. Human resources and globalization.

01101333

Logistic Management Economics

3

Pre: 01101231

 Principles of traffic control and their application in commerce and industry. Managing transportation business and physical distribution of raw materials and finished goods. Location theory. Warehouse management and inventory control. Field trip required.

01101334

Intermediate Transportation Economics

3

Pre: 01101231

 Transportation demand and supply estimation. Transportation cost and its determinants. Transportation rate and pricing. Location Economics. General transportation planning processes. Transportation system analysis and evaluation of urban transportation.

01101335

Labour Market Analysis

3

Pre: 01101231

  Overview of labour market analysis. Critical issue of labour market. Factors affecting the labour market. Determination of wage and employment. Analysis of unemployment problems. Relation between wage and unemployment. Information system of labour market. Roles of government and unions in labour market. Policies to solve unemployment problems. Analysis of international labour migration.

01101352

Household Financial Economics

3

Pre: 01101181 and 01101182

 Household financial management. Household income and expenditure management. Saving plan management. Household investment management. Tax management. Insurance management. Retirement financial planning. Household inheritance management. Household financial planning and management.

01101361

Natural Resource Economics

3

Pre: 01101284

 Natural resources as production factors and consumption goods; resource depletion and scarcity; conservation and sustainable resource uses; principles, guidelines and economic tools for natural resource management in both market and non-market system. Field trip required.

01101362

Environmental Economics

3

Pre: 01101284

 Welfare economics; market and market failures; externalities and public goods; carrying capacity of natural resources and the environment; the problem of natural resources depletion and pollutions; effects of pollutions on quality of life; principles, guidelines and economic tools in solving environmental problems.  Field trip required.

01101363

Economic Development and Natural Resources Utilization

3

Pre: 01101284

Concepts and theory of economic development; natural resources and the environment as factors of production and waste assimilating sources: the material balance model principle and toxic wastes discharged into the atmosphere; resources depletion; cause of pollutions; status of Thailand’s and the world’s vital natural resources and the environment; impacts of natural resources and the environment deterioration; guidelines for natural resources development and corrective measures to cope with natural resources and the environment deteriorations. Field trip required.

01101371

Economic Statistics II

3

Pre : 01101181, 01101182 and 01101272

  An introduction to statistics as a tool to analyze economics data through interval estimation, hypothesis testing, statistical inference about means and proportions of two economics populations, inferences about economics population variances, tests of goodness of fit and independence, analysis of variance and experimental design in economics, nonparametric methods for economics, statistical methods for quality control in economics, and sample survey in economics.

01101372

Econometrics I

4

Pre: 01101371

  Relationships between economic variables. Properties of estimators. Simple and multiple regression theories and its application. Diagnostic testing for regression. Definition and detection of multicollinearlity, autocorrelation and heteroscedasticity. Selection of functional form. Regression modeling with dummy variables. Estimation with simultaneous equation system. Cointegration.

01101373

Mathematical Economics III

3

Pre: 01101271

 Integral calculus, differential equations, and difference equations in economic dynamics. Linear programming and its applications in economics.

01101374

Economic Data Analysis

3

Pre: 01101371

 Economic data handling including data sourcing, data cleaning and data summarizing. Analysis of different types of economic data including cross-sectional data, time series data and panel data. Economic data visualization and presentation.

01101375

Operations Research for Economic Applications

3

Pre: 01101271, 01101281 and 01101282

 Analysis of economic problems by using mathematical methods, linear programming, and queuing methods. Decision under uncertainty.

01101381

History of Economic Thought         

3

Pre: 01101282

  History of the evolution of economic thoughts since the time of Bible, Greek, Roman, and Medieval up to Mercantilism, Physjiocrats, Classical School, Socialism, Keynes, Neoclassical, and Contemporary Schools.

01101382

Microeconomics III

3

Pre: 01101281

  Mathematical analysis of consumer behavior theory, production and cost theory, market price determination theory, general equilibrium theory, welfare economics and economic model.

01101383

Macroeconomics III

3

Pre: 01101282

  Mathematical analysis in determining national income, equilibrium in demand, and supply side of the economy, static equilibrium model, wage determination and unemployment, monetary and fiscal policies, international revenue policies and balance of payments, inflation, relationship between wage, price, and output and economic growth.

01101384

Economics of Money and Banking

3

Pre: 01101182

 Money. Monetary system. Financial market. Financial market instruments. Financial institutions. Fundamental of monetary theory and policy. International financial system and institution in the context of global market.

01101385

Economic Development and International Trade

3

Pre: 01101281 and 01101282

 Meaning and importance of economic development. Features of developing economies. Economic factors and other factors that influence economic development. Obstacles to economic development. Case study of economic development and planning in Thailand. Theories of international trade and applications to describe real world international trade conditions. International movements of factors of production. The effect of international trade on domestic economy. Trade policies and economic integration. 

01101395

Study Abroad

1-6

 Learning and personal development from course registered at oversea university. Credit equivalence according to Kasetsart University regulations.

01101396

Body of Knowledge from Oversea University

1-15

 Knowledge in economics at the bachelor’s degree level from course registered at oversea university. Credit equivalence according to Kasetsart University regulations.

01101411

Economic Planning

3

Pre: 01101385

     Role, rationale and types of economic planning. Planning process. Uses of mathematical and statistical models in economic planning. Macro and sectoral planning models. Community planning. Economic planning of Thailand.

01101412

Regional Economics

3

Pre: 01101281 and 01101282

  Hierarchy of regional economic activities between regions. Theories explaining regional disparity. Various techniques for analyzing interregional economic relationship. Location theory. Theories on regional mobilization. Analysis of factor of production and output. Measures to solve region disparity. Field trip required

01101413

Project Preparation and Evaluation

3

Pre: 01101385

  Project preparation with emphasis on economic and social aspects. Economic and financial analysis of project. Identification and analysis of project benefits and costs. Project implementation. Project selection criteria.

01101414

Economic Administration

3

Pre: 01101281 and 01101282

  Concept and principle government’s economic administration. Economic and social development plan. Structuring of the economic development organizations, the impact of monetary and fiscal policy, and politics on the country’s economic administration.

01101415

Economic Development of ASEAN Countries

3

Pre: 01101281 and 01101282

  Characteristics and economic structure. Economic development. Obstacles,  planning and policies in stimulating economic development of ASEAN countries

01101416

Economics of Poverty and Inequality

3

Pre: 01101182 

  Definition and characteristics of poverty and inequality. Their causes and resulting problems. Measurement of poverty. Policies and measures to overcome such problems with emphasis on the case of Thailand. Field trip required.

01101417

Comparative Economic Development

3

Pre: 01101181 and 01101182   

  Comparison of economic systems such as capitalism socialism and other economic systems. Institutional economics, economic values and objectives of each system. Comparison of the evolution of economic development, economic structure, social structure and political structure of countries and economic groups such as ASEAN and European Union.

01101421

Business Economic Forecasting

3

Pre: 01101371

 Basic business economic forecasting, model selection for forecasting, forecasting with multiple regression, time - series decomposition, choosing forecasting techniques.

01101422

Economics of Financial Risk Management

3

Pre: 01101171, 01101181 and 01101182

 Financial risk and its effect on business and economy. The use of derivatives in financial risk management. Forward contracts, futures, options, and swap. The analysis of benefits and concerns from risk management.

01101423

Marketing Business Economics

3

Pre: 01101281

 The role of marketing, marketing process, analysing the marketing environment, consumer behavior, marketing research and information, estimating and forecasting market demand, identifying market segments and selecting market targets, production and costs, market structure and designing marketing strategies, pricing, managing marketing channels, marketing promotion and international marketing.

01101424

Business Economics of Strategy

3

Pre: 01101181 and 01101182

Economics and strategy. Business firm operation in the modern economy. Economic concepts for strategy. Economic and public policies affecting strategic management and business policy. Analysis of macroeconomic environment. Industry analysis and business strategy. Business organization analysis and strategy.                                                                                                                             

01101425

Business Economic Ethics

3

Pre: 01101181 and 01101182

 The relationship between business economics and social ethics. Developments of social ethics from personal to organization and institutional levels. Ethics, efficiency, and the market system. Ethical responsiveness to business and economic stakeholders. Ethical issues related to politics and socio - economics, economic policy, environment, human rights and corporate good governance. Trend of social ethical standard and its application for business and economic developments.

01101426

Real Estate Business Economics

3

Pre: 01101181 and 01101182

  Demand and supply of real estate sector. Analyses of real estate markets. Real estate development and investment. Real estate business sector and economic system. Economic factors affecting real estate business sector. Real estate business sector and economic and public policies.

01101431

Economics of Industrialization

3

Pre: 01101231

 Economics principles for industrialization, establishing industrial enterprise industrial, growth and development. Factors contributing to industrial growth and development, industrial competitive advantage analysis, industrial promotion policy design and evaluation.

01101432

Game Theory and Its Applications in Industrial Economics

3

Pre: 01101231

  Basic concepts of game theory. Static games. Solution techniques for solving static games. Dynamic games. Repeated games. Games with imperfect information. Game applications under oligopoly. Location model. Entry deterrence. Principal-Agent problem. Signaling.

01101433

Labour Economics

3

Pre: 01101231

  Theory of labour supply and demand. Wage determination and employment in various labour markets. Job search theories. Wage theories. Unemployment. Labour management. Labour organizations. Labour relation system. Theory of conflict and conflict resolution. Government policies related to labour. Law related to labour relation. Field trip required.

01101434

Public Utilities Economics

3

Pre: 01101181 and 01101182

       The evolution and development of public utilities, its laws and regulations. Management, accounting and statistical control. Forecasting and planning. Rate determination. Cost analysis. Government role in public utilities investment, particularly in Thailand.

01101435

International Transportation

3

Pre:  01101231

  Role of transportation in international goods and passenger movement. Operations of international air and ocean transportations. Organizations and associations controlling international transportation to raise efficiency. Problems and suggested solution. Field trip required.

01101437

Economics of Education

3

Pre:  01101231

 Theories and concepts of education economics. Education efficiency. Roles of government and private sectors in education management. Cost and benefit analysis of education. Public finance of education. Education impacts on economic and social development. Manpower planning. Education and socio-economic problems. Education and welfare economics.

01101438

Health Economics

3

Pre:  01101231

 Theories and concepts of health economics. Important aspects of health market, market trends and future problems. Public goods and services related to health. Demand and supply in health markets.  Failure of market system and provision of health services by government. Cost and benefit analysis in service related to health. Effects of health development and public health medicine on economic and social development. Planning and allocation of public health resources. Economic and social problems related to health and public health medicine. Health insurance economics.

01101441

International Trade Policy

3

Pre: 01101282

  Basic theory of international trade policy, both export and import. Objectives of the policy. Tariff and non - tariff trade barriers. The efficiency and distribution effect of export promotion, import substitution and other measures. The methodology of measuring effective rate of protection. Roles of the General Agreement on Tariff and Trade (GATT) in promoting free trade. Roles of the United Nations Conference on Trade and Development (UNCTAD) in protecting the developing countries interest. A policy to raise the bargaining power of exporting countries. Price and income stabilization policy.

01101443

Theory of International Finance

3

Pre: 01101282

  National income accounting and the balance of payments. Exchange rates and foreign exchange market. Models of exchange rate determination. Relationship between exchange rate and the balance of payments. Macroeconomics policy in open economy. International monetary system. International financial institutions and international aid.

01101444

International Finance Policy

3

Pre: 01101282

  Foreign debt sustainability analysis. Evolutions of international monetary system and related policies. Economic crises and government bailout. Capital control policies on international movements of currency and capital, and conditional assistance policy. Global debt, problems and solutions.

01101445

Economics of International Investment

3

Pre: 01101384

  Types of international investment and theories explaining causes. The economic effects of international investment on home and host countries. Measures for promoting foreign investment. Multinational corporations and government and international organization policies.

01101446

Economics of International Integration

3

Pre: 01101385

  Basic theory of economic integration, stage of international integration and theory of customs union. Welfare and dynamic effects of the international integration. The impact on the international trade and monetary policy. Conditions of integration success. The European Union and ASEAN experience.

01101451

Monetary Theory and Policy

3

Pre: 01101384

 Monetary theories. The impacts of monetary variables on price, employment, income, interest and international balance of payment. Monetary policy for economic stabilization. Internal monetary policy.

01101452

Financial Market Theory

3

Pre: 01101384

  Functions and roles of financial markets in an economy. The importance of saving and investment. Demand and supply of financial funds. The nature of money and capital markets. The nature and types of securities in the markets: flow - of - fund account. Theory of interest rate and prices of securities. The investment decision rules. The monetary and fiscal policy and financial markets. Money markets and securities exchange in Thailand. Field trip required.

01101453

Economics of Monetary Fluctuations

3

Pre: 01101384

  Monetary fluctuations and causes. Its impact on the efficiency of resources utilization, income distribution, and economic development. Monetary stabilization policy.

01101454

Financial Institutions and the Economy

3

Pre: 01101384

  Main characteristics of financial institutions in Thailand. Their behavior and role in mobilizing and distributing financial fund. Impact on monetary variables and economic development. The international financial institutions and their role in Thailand. Field trip required.

01101455

Fiscal Theory and Policy

3

Pre: 01101284

 Economics of public activities including the analysis of government functions, expenditures, as well as alternative means of obtaining revenue. Government policies for economic stabilization and growth. The relationship between monetary policy and fiscal policy. Public debt and policies for managing public debt.

01101456

Economics of Government Expenditure

Pre: 01101284

Government expenditure. Theories of Public goods. Goals of Government in production and income distribution. Project appraisal in government budgeting. Impact of government expenditure. State enterprises. Field trip required.

01101457

Economics of Government Revenue

3

Pre: 01101284

  Government revenue budget. Principles of Taxation. Tax incidence and effect of taxation. Tax structure in Thailand and other countries. Taxation and economic problems. Income from state enterprises. Income from sales of assets and services. Other miscellaneous sources of revenue. Public debt. Treasury accounts.

01101458

Wealth Theory

3

Pre: 01101384

  Birth of wealth and its impact on an economy. Types of wealth: money wealth in barter, commodity money, and fiat money economy, nonmonetary wealth and its components. Wealth and consumer behavior. Wealth in macroeconomic models analysis.

01101459

Economics of Central Banking

3

Pre: 01101181 and 01101182

 Development and function of central banks. Development of monetary policy and exchange rate policy. Monetary policy operations. Financial system stability measure. Financial market development. Financial institution development. Financial regulation and supervision of central bank. Payment system policy and financial innovation of central bank.

01101461

Economic Valuation Techniques of Natural Resources and Environment

3

Pre: 01101284

  Value in economic context, market failure in valuation, benefit and cost in market and non-market economy. Principles and concepts of resources and environmental valuations; economic concepts related to natural resources and environmental valuation, preliminary - valuation techniques. Application and problems of valuation techniques used in Thailand.

01101462

Energy Resources Economics

3

Pre: 01101284

  Definitions and types of energy in various forms; applications of economic concepts to energy topics and environmental impacts due to energy consumption and production; energy price determination mechanism; public policies in managing energy utilization and environmental impact mitigation. Field trip required.

01101471

Mathematical Programming for Economic Applications

3

Pre:  01101181, 01101182 and 01101271 

  Concepts and theories of linear and nonlinear programming for economic applications.

01101473

Input - Output Analysis

3

Pre: 01101281, 01101282 and 01101271

  Concepts and theories of input - output analysis. Its application to economic problems.

01101474

Econometrics II

3

Pre: 01101372

            Simultaneous - equations estimation, types of equation systems, identification problems, problems of contra - assumptions, ordinary least squares, maximum likelihood estimation, K - class estimators, and lagged variables. Econometric forecasting.

01101475

Mathematical Economics IV

3

Pre: 01101373

  Covering the concepts from Mathematical Economics which are missing from Mathematical Economics I, II, and III, in a way which strengthens the students’ formal reasoning and prepares them for advanced economic theory including set, logic, proof, metric space and consumer choices, sequences and series of economic variables, utility function and continuity.

01101476

Microeconometrics

3

Pre: 01101372 or 01422341

  The use of Probit Model, Logit Model, Tobit Model, Multinomial Logit Model, Ordered Probit Model, Sample selection Model and Duration Analysis to analyze microeconomic data.

01101478

Intermediate Computational Economics

3

Pre: 01101273, 01101373 and 01101471

 Language programming to visualize, analyze and numerically solve various economic problems including solving static equilibrium problem using root finding algorithms, solving basic problems of economic agents using numerical optimization. Steady state and convergence of time-varying economic variables.

01101481

Welfare Economics

3

Pre: 01101281

 Concept and basic proposals for economic welfare. Theory of welfare economics and social optimum. The application of welfare policy for social and state enterprises.

01101482

Economic Growth and Stability

3

Pre: 01101282

  Dynamic theories in economics, business cycle, and growth models. Policy impact on economic growth acceleration and stability.

01101483

Political Economics

3

Pre: 01101181 and 01101182 

  Basic concepts of philosophy, politics, and society. Expansion of the economy, steps of socio - politico - economic evolution process. Structure of socio - politico - economic system. Patterns of society’s production. Mechanism of economic functioning in the perspective of Marxian economics and politics together with those of Lenin, Mao, and other great local and foreign economists.

01101485

Buddhist Economics

3

Pre: 01101181 and 01101182

  A comparative analysis of mainstream economic principles and the concept of human behavior in Buddhism: production and consumption. An application of Buddhist economics to development economics, human resource economics, natural and environmental economics, and other branches of economics. Sufficient economy. Green economy. Alternatives in solving economic problems and crises from Buddhist economic perspectives.

01101486

Behavioural Economics

3

Pre: 01101281

  Economic behavior of human beings based on real observed data. Various behavioral factors including risk preferences, time preferences and social preferences affecting individual consumption. Various behavioral factors affecting investment decisions.

01101491

Research Methods in Economics

3

Pre: 01101281, 01101282 and 01101371

 Principle and procedure of economic research. Research methodology, problem identification, hypothesis testing, data collecting, data processing, data analyzing, and research conclusion. Computer usage in economic research.

01101496

Selected Topics in Economics

3

  Selected topics in economics at the bachelor’s degree level. Topics are subject to change each semester.

01101497

Seminar

1

  Presentation and discussion on interesting topics in economics at the bachelor’s degree level.

01101498

Special Problems

3

  Study and research in economics at the bachelor’s degree level and compile into a written report.