Course Description

Core Courses


  • EE 611

    EE 611 Microeconomics 3(3-0-9)

    Consumer behavior using a preference-based approach (emphasizing axiomatic analyses on preference relations and the construction of utility functions. Utility maximization and expenditure minimization problems. Basic welfare economics. Production theory (i.e., Profit maximization and cost minimization problems). Consumer behavior at times of risk and uncertainty; Basic general equilibrium models.

  • EE 612

    EE 612 Macroeconomics 3(3-0-9)

    Dynamic macroeconomic theory. Dynamic programming and other recursive modeling techniques. Issues in dynamic fiscal policy such as Ricardian Equivalence, Tax smoothing, and Capital taxation. Models of asset pricing. Issues in dynamic monetary policy such as the welfare cost of inflation and the time inconsistency problem. Issues in economic growth and income difference across the nation. Real business cycle models.

  • EE 613

    EE 613 Contemporary Economic Issues 3(3-0-9)

    This course presents current economic issues in Thai and global economy. The main objective of this course is to apply economic theories and concepts to analyze current Thai and global economic issues.

  • EE 625

    EE 625 Econometrics 3(3-0-9)

    Econometric methods. Multiple regression models. Econometric problems arising from the violation of classical linear regression model assumptions and solutions. Estimation methods such as Ordinary least squares and Generalized least squares. System equation estimation methods. Maximum likelihood estimation methods. The Generalized method of moments.

  • EE 710

    EE 710 Research Methods in Economics 3(3-0-9)

    Prerequisite: EE 626 or EE 627 with the instructor’s permission.


    Research methods in economics include quantitative and descriptive approaches. Choosing research topic. Reviewing literature. Using the library and databases. Setting a research hypothesis. Searching for data. Proving or disproving the research hypothesis. Writing a thesis proposal.

Elective Courses


  • EE 626

    EE 626 Advanced Econometrics 3(3-0-9)

    Prerequisite: EE 625


    Advanced econometric models including microeconometric and macroeconometric models. Advanced time-series models. Models for limited and qualitative dependent variables. Linear and nonlinear panel data models. Practical applications of these models are offered, using econometrics software and interpreting the estimated results.

  • EE 627

    EE 627 Applied Econometrics 3(3-0-9)

    Prerequisite: EE 625


    Econometrics applications to economic Theories models. Using econometrics software and interpreting the estimated result.

Elective


  • (0) Political Economy and Institutional Economics
  • EE 711

    EE 711 Advanced Microeconomics 3(3-0-9)

    Prerequisite: EE 611 or with the instructor’s permission.


    Game theory and its applications to economic issues. Market power. Adverse selection. Moral hazard. Intertemporal decision making. Analysis of general equilibrium with risk and uncertainty. Social choice theory. Further extensions of game theory. Bargaining. Mechanism design. Contract theory. Auction theory.

  • EE 712

    EE 712 Advanced Macroeconomics 3(3-0-9)

    Prerequisites: EE 612 or with the instructor’s permission.


    Dynamic macroeconomic theory with tools in a dynamic general equilibrium framework. Dynamics of the optimal growth model and real business cycle. Stochastic growth models and their policy implications. Recursive methods for computing equilibria of business cycle models, including the simulation and calibration methods. Simple endogenous growth theory and its empirical implications. Other macroeconomic models.

  • EE 718

    EE 718 Economic Theory: Selected Topics 1 3(3-0-9)

    Prerequisites: EE 611 or EE 612 or with the instructor’s permission.


    This course covers selected topics in advanced microeconomics and advanced macroeconomics. Topics vary depending on the specific interests of the participants.

  • EE 719

    EE 719 Economic Theory: Selected Topics 2 3(3-0-9)

    Prerequisites: EE 611 or EE 612 or with the instructor’s permission.


    This course covers selected topics in advanced microeconomics and advanced macroeconomics. Topics vary from semester to semester depending on the interests of participants.

  • 1) Economic Theory
  • EE 711

    EE 711 Advanced Microeconomics 3(3-0-9)

    Prerequisite: EE 611 or with the instructor’s permission.


    Game theory and its applications to economic issues. Market power. Adverse selection. Moral hazard. Intertemporal decision making. Analysis of general equilibrium with risk and uncertainty. Social choice theory. Further extensions of game theory. Bargaining. Mechanism design. Contract theory. Auction theory.

  • EE 712

    EE 712 Advanced Macroeconomics 3(3-0-9)

    Prerequisites: EE 612 or with the instructor’s permission.


    Dynamic macroeconomic theory with tools in a dynamic general equilibrium framework. Dynamics of the optimal growth model and real business cycle. Stochastic growth models and their policy implications. Recursive methods for computing equilibria of business cycle models, including the simulation and calibration methods. Simple endogenous growth theory and its empirical implications. Other macroeconomic models.

  • EE 718

    EE 718 Economic Theory: Selected Topics 1 3(3-0-9)

    Prerequisites: EE 611 or EE 612 or with the instructor’s permission.


    This course covers selected topics in advanced microeconomics and advanced macroeconomics. Topics vary depending on the specific interests of the participants.

  • EE 719

    EE 719 Economic Theory: Selected Topics 2 3(3-0-9)

    Prerequisites: EE 611 or EE 612 or with the instructor’s permission.


    This course covers selected topics in advanced microeconomics and advanced macroeconomics. Topics vary from semester to semester depending on the interests of participants.

  • 2) Quantitative Economics
  • EE 623

    EE 623 Computational Methods for Economists 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    Basic programming. The Monte-Carlo method. Root finding methods. Numerical optimization. Solving dynamic stochastic general equilibrium models. Linear approximation technique. Parameter calibration. Method of undetermined coefficients. Numerical dynamic programming. Iteration Method for solving fixed points and functional equations.

  • EE 628

    EE 628 Quantitative Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    This course covers selected topics in quantitative economics. Topics vary depending on specific interests of the participants

  • EE 629

    EE 629 Quantitative Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    This course covers selected topics in quantitative economics. Topics vary depending on specific interests of the participants

  • 3) Monetary Economics
  • EE 631

    EE 631 Monetary Economics 3(3-0-9)

    Prerequisites: EE612 or with the instructor’s permission.


    Monetary economics. Theoretical and empirical analyses. Dynamic stochastic general equilibrium (DSGE) models for policy analysis. Nominal price and wage friction. Discretion and commitment in optimal monetary policy. Welfare-based policy analysis. The welfare cost of inflation. Open economy DSGE models for policy analysis. Monetary policy and asset prices.

  • EE 632

    EE 632 Financial Aspects of Economic Development 3(3-0-9)

    Prerequisite: EE612 or with the instructor’s permission.


    The complex relationship between financial factors and economic development. Financial structure and economic growth. Adjustment mechanisms for internal and external imbalance. Investment and saving behavior in developing countries. The financial consequences of public debt. Financial reform and the financial sector in distress. Independence of the central bank. The financial aspect of income distribution; Financial issues in macroeconomic management, with increasing trade and financial integration.

  • EE 638

    EE 638 Monetary Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    This course covers selected topics in monetary economics and the financial aspects of economic development. Topics vary depending on the specific interests of the participants.

  • EE 639

    EE 639 Monetary Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    Prerequisite: with the instructor’s permission. This course covers selected topics in monetary economics and the financial aspects of economic development. Topics vary depending on the specific interests of the participants.

  • 4) Public Economics
  • EE 641

    EE 641 Public Economics 1 3(3-0-9)

    Prerequisites. EE611 and EE612 or with the instructor’s permission.


    The theory and evidence of government expenditure policy. Theories of public goods, club goods, and local public goods. The theory of externalities and its corrective measures. Political economy, for example mechanisms and methods of collective decision making, voting theory, rent seeking, and fiscal federalism. The theory of the second best. The effect of government expenditure upon economic growth. Income distribution. Private decisions on consumption, saving, and work. Equity and distribution.

  • EE 642

    EE 642 Public Economics 2 3(3-0-9)

    Prerequisites: EE611 and EE612 or with the instructor’s permission.


    The Theory and evidence of government taxation policy. Tax incidence. Taxation and efficiency. Taxation and growth. Optimal tax theory. Income taxation. Commodity taxation, Inheritance and wealth taxation. The effect of taxation on the labor supply and savings. Taxation and corporate behavior. International issues in taxation such as tax harmonization, tax competition, fiscal externalities and coordination failure. The Implication of trade costs for tax and investment flows. Tax compliance. Wealth distribution and taxation.

  • EE 648

    EE 648 Public Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: EE 611 and EE 612 or with the instructor’s permission.


    This course covers selected topics in public economics. Topics vary depending on the specific interests of the participants.

  • EE 649

    EE 649 Public Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: with the instructor’s permission.


    This course covers selected topics in public economics. Topics vary depending on the specific interests of the participants.

  • 5) International Economics
  • EE 651

    EE 651 International Trade Theory and Policy 3(3-0-9)

    Prerequisites: EE611 and EE612 or with the instructor’s permission.


    International trade theory. Neo-classical and new trade theory. Trade policy analysis and empirical evidence. Regional integration and international factor movements. How trade growth and development relate.

  • EE 652

    EE 652 International Monetary Economics 3(3-0-9)

    Prerequisites: EE611 and EE612 or with the instructor’s permission.


    Balance of payments. International capital movements. Various adjustments of the balance of payments. Exchange rate determination. Macroeconomic policy on internal and external balances. Monetary integration and the balance of payments. Dynamic stochastic general equilibrium (DSGE) models for monetary policy analysis in an open economy.

  • EE 658

    EE 658 International Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: EE 611 and EE 612 or with the instructor’s permission.


    This course covers selected topics in international economics. Topics vary depending on the specific interests of the participants.

  • EE 659

    EE 659 International Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: EE 611 and EE 612 or with the instructor’s permission.


    This course covers selected topics in international economics. Topics vary depending on the specific interests of the participants.

  • 6) Development Economics
  • EE 661

    EE 661 Development Economics 3(3-0-9)

    Prerequisites: EE611 and EE612 or with the instructor’s permission.


    Theory and empirical evidence about growth and development in low-income countries. Topics include the measurement of poverty and inequality; the role of human capital in health and education, the internal structure of households, the role of social capital and institutions, how factor markets involving credit, labor, insurance and land functions. Growth models, and development economic policies.

  • EE 662

    EE 662 Regional Economics 3(3-0-9)

    Prerequisites: EE611 and EE612 or with the instructor’s permission.


    The application of economic theory to land price determination. Location choices. Land use patterns and transportation. Urban and regional growth. Urban-rural disparities. The interregional labor movement and other issues relating to regional development. Economic policies designed to achieve efficiency in resource allocation and the alleviation of regional disparities.

  • EE 668

    EE 668 Development Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: EE 611 and EE 612 or with the instructor’s permission.


    This course covers selected topics in development economics. Topics vary depending on the specific interests of the participants.

  • EE 669

    EE 669 Development Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: EE 611 and EE 612 or with the instructor’s permission.


    This course covers selected topics in development economics. Topics vary depending on the specific interests of the participants.

  • 7) Economics of Human Resources, Natural Resources and Environment
  • EE 671

    EE 671 Labor Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Labor economic theory. Supply and demand of labor in the short run and long run. Economics and institutional factors which affect the supply and demand of labor. Analysis of the labor market. Factors determining the levels of income, hiring, and labor relations. The governmental role in the labor market. Discrimination. Effects of globalization on the market.

  • EE 672

    EE 672 Human Resources Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    The theory of public and private investment in human resources. Investment and allocation of resources in education and training. Allocation of resources by households. Efficiency gains from education. Options in public and private healthcare services. Social safety nets.

  • EE 674

    EE 674 Health Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Health economics theory. Supply and demand of healthcare services. Market structures in the determining of healthcare prices and expenses. The role of health insurance. Evaluating healthcare programs. Health insurance. Public finance for public health. The impacts of international trade agreements on healthcare services.

  • EE 675

    EE 675 Natural Resources Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Intra-temporal and inter-temporal natural resource allocations in exhaustible and renewable resources. Market failure arising from failure in the property right system. Government policy design to manage the use of natural resources. Important issues relating to the economics of climate change.

  • EE 676

    EE 676 Environmental Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Economic concepts related to pollutions and environmental problems. Tools and measures to manage environmental problems. Cost-benefit analysis. Evaluation of environmental costs and benefits. The concept of sustainable development and indicators of welfare level.

  • EE 678

    EE 678 Economics of Human Resources, Natural Resources and Environmental: Selected Topics 1 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    This course covers selected topics in human resource economics and natural resource economics. Topics vary depending on the specific interests of the participants.

  • EE 679

    EE 679 Economics of Human Resources, Natural Resources and Environmental: Selected Topics 2 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    This course covers selected topics in human resource economics and natural resource economics. Topics vary depending on the specific interests of the participants.

  • 8) Industrial Organization
  • EE 681

    EE 681 Industrial Organization 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    The behavior of firms and industries. Factors determining market structure. The structure-conduct-performance approach. The price theory approach. The effect on welfare of imperfect competition. Price discrimination. Product differentiation. Entry or exit decision problems. Integration. Competition based on advertisement. Government policies such as antitrust and regulation.

  • EE 682

    EE 682 Empirical Industrial Organization 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Empirical techniques used to solve standard industrial organization problems. Demand estimation. Measurements of market power. Horizontal and vertical competition. Firms’ entry decision. Production functions and productivity. Contract and learning. Econometrics techniques for empirical industrial organization such as non-linear parametric estimations, non-parametric estimations, and solutions to the endogeneity and identification problems.

  • EE 688

    EE 688 Industrial Organization: Selected Topics 1 3(3-0-9)

    Prerequisite: EE611 with the instructor’s permission.


    This course covers selected topics in industrial organization. Topics vary depending on the specific interests of the participants.

  • EE 689

    EE 689 Industrial Organization: Selected Topics 2 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    This course covers selected topics in industrial organization. Topics vary depending on the specific interests of the participants.

  • 9) Agricultural Economics
  • EE 691

    EE 691 Agricultural Economics 3(3-0-9)

    Prerequisites: EE611 or with the instructor’s permission.


    Agricultural economics with emphasis on optimization models and equilibrium analysis. Production economics covering duality in production and demand models. Production efficiency and agricultural production models under risk. Applications of price theory to agricultural market analysis including vertical market relations. Product differentiation. Quality in agricultural and food markets. Storage. Futures markets and commodity prices. The analysis of market efficiency, market failure and government intervention in agriculture. Issues and models in the international trade of agricultural products.

  • EE 698

    EE 698 Agricultural Economics: Selected Topics 1 3(3-0-9)

    Prerequisite: EE611 or with the instructor’s permission.


    This course covers selected topics in agricultural economics. Topics vary depending on the specific interests of the participants.

  • EE 699

    EE 699 Agricultural Economics: Selected Topics 2 3(3-0-9)

    Prerequisite: EE611 with the instructor’s permission.


    This course covers selected topics in agricultural economics. Topics vary depending on the specific interests of the participants.

  • EE 800

    EE 800 Thesis 3(3-0-9)

    Prerequisite: EE710


    Constructing a research project and conducting research that creates new knowledge in economics. Writing a thesis related to economics. Presenting the thesis. Writing the paper for publication. Morality in conducting research and publishing the academic paper.

  • EE 900

    EE 900 Dissertation 3(3-0-9)

    Prerequisite: EE710


    Constructing a research project and conducting research that creates new knowledge in economics. Writing a dissertation related to economics. Presenting the thesis. Writing the paper for publication. Morality in conducting research and publishing the academic paper.