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Course Description

ECON 801(751801)     ADVANCED MICROECONOMIC THEORY I               3(3/3-0/0)

Abbreviation              ADV MICRO THEORY 1

Prerequisite                None

Course Description

                                   Theories of production and individual choice (under certainty and uncertainty); markets and competition; tools of comparative statics and their application to price theory.

ECON 802 (751802)   ADVANCED MICROECONOMIC THEORY II               3(3/3-0/0)

Abbreviation             ADV MICRO THEORY II

Prerequisite               ECON 801 (751801)

Course Description

                                   Theory of general equilibrium and applications and extensions. Optimality of equilibrium. Arrow’s impossibility theorem. Externalities and public goods. Intertemporal competitive equilibrium and insurance, and incomplete markets. Decision-making under uncertainty, information economics, incentive and contract theory. Risk-sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision-making under uncertainty. More depth in the advanced theory courses on Contract Theory.

ECON 803 (751803)   ADVANCED MACROECONOMIC THEORY I               3(3/3-0/0)

Abbreviation             ADV MACRO THEORY I

Prerequisite               None

Course Description

                       Growth facts and growth models. The neoclassical growth framework and its applications (growth, business cycles, public finance, asset pricing). Theories of endogenous growth (technological change, markets, institutions). Ramsey, Solow, Samuelson-Diamond, RBCs, IS-LM, Mundell-Fleming, and Fischer-Taylor Models.

ECON 804 (751804)   ADVANCED MACROECONOMIC THEORY II              3(3/3-0/0)

Abbreviation             ADV MACRO THEORY II

Prerequisite               ECON 803 (751803)

Course Description

                                    Consumption and savings decisions under certainty and uncertainty. Aggregate savings, wealth, and fiscal policy. Portfolio choice and asset pricing. Investment and finance decisions. Half-term subject. The macroeconomic implications of imperfections in labor markets, goods markets, credits and financial markets. The role of nominal rigidities. Half-term subject.

ECON 805 (751805)    ADVANCED ECONOMETRICS METHODS                 3(3/3-0/0)

Abbreviation              ADV ECON METHODS

Prerequisite                None

Course Description

                                    Specification and estimation of the linear regression model. Departures from the standard Gauss-Markov assumptions include heteroskedasticity, serial correlation, and errors in variables. Advanced topics including generalized least squares, instrumental variables, nonlinear regression, and limited dependent variable models. Economic applications debate.

ECON  806 (751806)   ADVANCED APPLIED ECONOMETRICS                   3(3/3-0/0)

Abbreviation              ADV APPLIED ECON

Prerequisite                ECON 805 (751805)

Course Description

                                    Identification, estimation and application of linear and nonlinear simultaneous equations models.

ECON 807 (751807)    ADVANCED MATHEMATICAL ECONOMICS             3(3/3-0/0)

Abbreviation              ADV MATH ECONOMICS

Prerequisite                None

Course Description

Optimization theory (including optimal control and recursive methods). Topology (continuity, compactness). Dynamical systems (including stability). Convex analysis, and fixed point theory.

ECON 810 (751810)    ADVANCED ECONOMETRICS TIME SERIES            3(3/3-0/0)

                                    ANALYSIS

Abbreviation              ADV ECONOMETRICS (T.S.A)

Prerequisite                ECON 805 (751805)

Course Description

                                            Theory and application of time series methods in econometrics, including representation theorems, decomposition theorems, prediction, estimation with stationary and nonstationary processes, VARs, unit roots, volatility and cointegration.

ECON 811 (751811)    ADVANCED ECONOMETRICS  NONLINEAR            3(3/3-0/0)

                                    ECONOMETRICS ANALYSIS

Abbreviation              ADV ECONOMETRICS (N.E.A)

Prerequisite                ECON 805 (751805)

Course Description

                                    Micro-econometric models, including large sample theory for estimation and hypothesis testing, generalized method of moments, estimation of censored and truncated specifications and duration models, nonparametric and semiparametric estimation, panel data, bootstrapping, and simulation methods. Methods illustrated with economic applications.

ECON 819 (751819)    SELECTED TOPICS IN ADVANCED                           3(3/3-0/0)

                                    ECONOMETRICS

Abbreviation              TOPIC IN ADV ECONOMETRICS      

Prerequisite                ECON 805 (751805)

Course Description

                                    Topics in econometrics and empirical modeling. Applied researchers working on cross-section and panel data applications

ECON 820 (751820)    Game Theory                                                          3(3/3-0/0)

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description

                                    Optimal decisions of economic agents depend on expectations of other agents' actions. Various models of equilibrium. Various kinds of games including static games, dynamic games, and games of incomplete information.

ECON 821 (751821)    ECONOMIC APPLICATIONS OF GAME THEORY     3(3/3-0/0)

Abbreviation              ECON APP OF GAME THEORY

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description  

                                    Misnomer for Multiperson Decision Theory, and analysis of situations in which payoffs to agents depend on the behavior of other agents. Analysis of conflict, cooperation, and (tactical) communication. Applications of game theory in several fields, such as economics, politics, law, biology, and computer science. Basic tools of game theoretic analysis.


ECON 822 (751822)    BEHAVIORAL ECONOMICS AND FINANCE              3(3/3-0/0)

Abbreviation              BEH ECON & FINANCE

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description  

Survey researches which incorporate psychological evidence into economics. Prospect theory. Biases in probabilistic judgment. Self-control and mental accounting with implications for consumption and savings. Fairness, altruism, and public goods contributions. Financial market anomalies and theories. Impact of markets, learning, and incentives. Some evidence on memory, attention, categorization and the thinking process.

ECON 823 (751 823)   DYNAMIC OPTIMIZATION AND ECONOMIC             3(3/3-0/0)

                                    APPLICATIONS

Abbreviation              DYN OPT & ECON APP

Prerequisite                ECON 807 (751807)

Course Description  

                                    Dynamic systems: local and global analysis: stochastic dynamic programming: theory implementation. Euler equations. Markov and strong convergence. And their applications.

ECON 824 (751824)    QUANTITATIVE MACROECONOMICS                      3(3/3-0/0)

Abbreviation              QUAN  MACROECONOMICS

Prerequisite                ECON 807 (751807)

Course Description

                                    Map data models, representative agent models, models with a continuum of agents represented with measures, overlapping generations models, as well as models where agents form households, equilibria optima, stationary and non-stationary equilibria, perfect commitment and without perfect information models. Construct and characterize the properties of the equlibrium allocations of artificial economic models.

ECON 829 (751829)    SELECTED TOPICS IN GENERAL ECONOMICS &   3(3/3-0/0)

                                    THEORY

Abbreviation              TOPIC IN GEN ECON & THEORY

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description

                                    Optimal decisions of economic agents. Various models of equilibrium. Various kinds of games. Misnomer for Multiperson Decision Theory. Survey researches which incorporate psychological evidence into economics.

ECON 830  (751830)   THE FARM INCOME ENHANCEMENT PROGRAM    3(3/3-0/0)

Abbreviation              FARM INCOME ENH PROGRAM

Prerequisite                None

Course Description

                                    The concepts to enhance income and promote long-term stability in Thailand’s agriculture. The first Farm Income Enhancement on evaluating value-added alternatives in marketing. The use of cooperatives as a way to involve farmers in the market chain beyond the farm gate. The projects to benchmark existing industry, propose new alternatives, or evaluate specific industry issues.

ECON 831 (751831)    MANAGING RISKS & PROFIT                                    3(3/3-0/0)

Prerequisite                None

Course Description  

Risk and profit management tools and strategies in commodity market. Impacts on farm's finances and profitability. Financial records, cash-flow schedules, costs of production and storage futures and options. Markets elevator contracts yield and price insurance.

ECON 832 (751832)    ECONOMICS & POLICY OF PRODUCTION,              3(3/3-0/0)

                                    TECHNOLOGY AND RISK IN AGRICULTURAL  &

                                    NATURAL RESOURCES

Abbreviation              ECON & POLICY OF PROD

Prerequisite                None

Course Description

Alternative models of production, resource and environmental risk management. Family production function; adoption and diffusion. Innovation and intellectual property rights. Agricultural and environmental policies and their impact on production and the environment. Water resources, pest control, biotechnology, and optimal control over space and time.

ECON 833 (751833)    INDUSTRIAL ORGANIZATION AND REGULATION  3(3/3-0/0)

                                    IN AGRICULTURE

Abbreviation              INDUS ORGAN & REG IN AGRI

Prerequisite                None

Course Description

                                    Horizontal relationships and mergers. Repeated interactions of firms. Vertical integration and control through contractual arrangements. Information, search costs and the provision of quality in the markets. Strategic behavior and auction.

ECON 834 (751834)    COMMODITY MARKETS: ANALYSIS, AND               3(3/3-0/0)

                                    STRATEGY

Abbreviation              COM MKT: ANAL & STG

Prerequisite                None

Course Description  

                                    Analysis of exchange-traded and over-the-counter commodity markets, their functions and performance. Evaluation of  hedging, speculation, and arbitrage strategies. Valuation of derivatives. Efficiency and the role of information in commodity markets. Market regulation. Price forecasting. Discuss the origin, purpose, and evolution of price-contingent contracts and markets.

ECON 835 (751835)    FOOD AND COMMODITY MARKETS                                    3(3/3-0/0)

Abbreviation              FOOD COMMODITY MARKETS                    

Prerequisite                None

Course Description

                                    Analysis selected economic problems in marketing agricultural products and discusses relevant theory and empirical methodologies for analyzing and interpreting research results: such as operational efficiency in marketing firms and industries; efficient allocation over space, form, and time; price-making institutions; analysis of factors affecting agricultural prices; analysis of agricultural prices and price movements with respect to time, space, and form; and research in demand stimulation and selected issues in trade.

ECON 836 (751836)    AGRICULTURAL PRODUCTION ECONOMICS         3(3/3-0/0)

Abbreviation              AGRI PROD ECONOMICS

Prerequisite                None

Course Description

Studies the theory of production economics with emphasis on applications to agriculture and natural resources. Topics include the derivation, estimation, and use of production, cost, profit, revenue, demand, and supply functions. Discusses the concepts of efficiency and productivity. Production response over time and under risk.


ECON 837 (751837)    ADVANCED NATURAL RESOURCE ECONOMICS    3(3/3-0/0)

Abbreviation              ADV NATURAL RESRCE ECON

Prerequisite                None

Course Description

                                    Emphasizes the role of public policy in natural resource use. Theory of allocating renewable and nonrenewable natural resources by using optimal control and other methods of dynamic optimization. Effects of institutions on resource use. Causes and consequences of technological change. Natural resources and economic growth, and applications of concepts to current natural resource issues.

ECON 838 (751838)    Environmental economics in developing   3(3/3-0/0)

                                    countries

Abbreviation              Envir  econ (in dev coun)

Prerequisite                None

Course Description

                                    Studies the theory and applications of environmental economics and policy. Framework for relevant economic relationships and the criteria appropriate for policy assessment. Examination of the effects on policy of market imperfections. Externalities and asymmetric information requiring government regulations such as those in agriculture. Valuation methods for nonmarket goods. Highlighted theoretical results through literature reviews and discussions of important empirical policy applications.

ECON 839 (751839)    SELECTED TOPICS IN AGRICULTURAL                  3(3/3-0/0)

                                    ECONOMICS

Abbreviation              TOPIC IN AGRI ECON

Prerequisite                ECON 801 (751801) and  ECON 802 (751802)

Course Description  

                                    The promotion of long-term stability in Thai agriculture. Risk and profit management tools. Alternative models of production, resource and environmental risk management. Commodity markets. The role of public policy in natural resource use.

Econ840 (751840)     Advanced Public Economics I                          3(3/3-0/0)

Abbreviation              Adv Public Economics I

Prerequisite                None

Course Description

                                    Theory of public economics. Role of the public sector in the economy. The reasons for government intervention in the economy, The extent of that intervention, and the response of private agents to the government’s actions.

ECON 841 (751841)    Advanced Public Economics II                         3(3/3-0/0)

Abbreviation              Adv Public Economics II

Prerequisite                None

Course Description

                                    Analysis of taxation. Theory of optimal income and commodity taxation, as well as empirical work, such as the study of how taxes affect labor supply. Theory and evidence on government expenditure policy. Theory of public goods; education; state and local public goods; political economy; redistribution and welfare policy; social insurance security and unemployment insurance; and health care policy.

ECON 849 (751849)    SELECTED TOPICS IN AGRICULTURAL                  3(3/3-0/0)

                                    ECONOMICS

Abbreviation              TOPIC IN AGRI ECON

Prerequisite                ECON 803 (751803) and ECON 804 (751804)

Course Description  

                                     Theory of public economics Role of the public sector in the economy. Theory and evidence on government expenditure policy. Theory of optimal income. Theory of public goods.

ECON 850 (751850)    Labor Economics                                                 3(3/3-0/0)

Abbreviation              Labor Economics

Prerequisite                None   

Course Description

                                    Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital theory. Topics discussed include theories of wage and employment determination, turnover, search, unemployment, equalizing differences, and union behavior. Particular emphasis on the interaction of theoretical and empirical modeling.

ECON 859 (751859)    SELECTED TOPICS IN LABOR ECONOMICS AND   3(3/3-0/0)

                                    HUMAN RESOURCE DEVELOPMENT

Abbreviation              TOPIC IN LAB ECON AND HU RES DEV

Prerequisite                ECON 803 (751803) and ECON 804 (751804)

Course Description

                                    Neoclassical analysis of the labor market and its institutions. Topics discussed place particular emphasis on the interaction of theoretical and empirical modeling.

ECON 860 (751860)    Development  Economics:                                 3(3/3-0/0)

                                    Microeconomic Issues and Policy Models

Abbreviation              Dev Econ: Micro & Policy

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description  

                                    Agricultural issues: peasant behavior, land tenancy, and interlinked markets. Credits and insurance market problems and institutions. Health, nutrition, and productivity. Gender bias. Education. Technological change. Government failures.

ECON 861 (751861)    Political Economy I: Theories of the          3(3/3-0/0)

                                    State and the Economy

Abbreviation              Political Economy I

Prerequisite                None

Course Description

                                    Critical analysis of liberal, neoclassical, and Marxist perspectives on modern society. Alternative theories of economic growth, historical change, the state, classes, and ideology.

ECON 869 (751869)    SELECTED TOPICS IN ECONOMIC                           3(3/3-0/0)

                                    DEVELOPMENT

Abbreviation              TOPIC IN ECON DEV             

Prerequisite                ECON 801 (751801) and ECON 802 (751802)

Course Description  

                                    Agricultural issues. Critical analysis of liberal, Marxist perspectives on modern society. Alternative theories of economic growth.

ECON 870 (751870)    Industrial Organization I                                 3(3/3-0/0)

Prerequisite                None

Course Description

                                    Theoretical and empirical work dealing with the structure, behavior, and performance of firms and markets and core issues in antitrust. The organization of the firm, monopoly, price discrimination, oligopoly, and auctions. Theoretical and empirical work are integrated in each area.

ECON 871 (751871)    Contract Economics                                          3(3/3-0/0)

Prerequisite                ECON 802 (751802)

Course Description

                                    Theoretical and empirical research on contracts. The different types of agency, property rights, transaction costs, relational contracts models. Empirical studies and  applications on executive compensation, insurance, transfer pricing, internal labor and capital markets, vertical and horizontal integration, alliances and joint ventures, entrepreneurship and liquidity demand.

ECON 872 (751872)    Organizational Economics                              3(3/3-0/0)

Prerequisite                ECON 871 (751871)

Course Description  

                                    Developed theory in Contract Economics. Decision-making in organizations (power and politics, culture and leadership), organizational structures and processes (classic organizational forms and recent alternatives, capital allocation and transfer pricing), careers in organizations (incentives revisited, networks, new employment systems), contracts between organizations (joint ventures, alliances, networks), and organizations besides firms (order without law, government agencies).

ECON 879 (751879)    SELECTED TOPICS IN INDUSTRIAL                         3(3/3-0/0)

                                    ORGANIZATION

Abbreviation              TOPIC IN INDUS ORGAN

Prerequisite                None

Course Description

                                    Theoretical and empirical work dealing with structure and contracts. Developed theory in Contract Economics. Decision-making in organizations.

ECON 880  (751880)   Economics of Health Management and      3(3/3-0/0)

                                    Policy

Abbreviation              Econ of Health Mgmt & Pol

Prerequisite                None

Course Description

                                    Concepts of health management and health policy issues using economic tools. Behavior of consumers, insurers, physicians, and hospitals. Managerial issues such as pricing decisions, and policy issues such as the medically uninsured. The potential impact of hypothetical changes in the health care system on costs and access as well as on providers and consumers.

ECON 881 (751881)    Integrative Seminar in Health Services       3(3/3-0/0)

Organization and Policy

Abbreviation                   Sem in Health Organ & Pol

Prerequisite                     None

Course Description  

Conceptual and methodological problems in the study of health services organization. Use of the scientific method and statistical design to study the provision and utilization of health services. Development and use of models from the social sciences as conceptual sources. For doctoral students in Health Services Organization and Policy.

ECON 882 (751882)    Applied Econometrics in Health                    3(3/3-0/0)

                                    Services Research

Abbreviation              App Econ in Health Resech

Prerequisite                None

Course Description

                                    Application of advanced econometric techniques to problems in the health services field. Focuses on selected econometric topics, including pooled cross-section/time-series data, limited dependent variables, multi-equation systems, and translog cost functions. General discussion of appropriate techniques, with emphasis on students applying these techniques, using a variety of data sets. Series of computer exercises and empirical term paper required.

ECON 889  (751889)   Selected Topics  in Health Economics                   3(3/3-0/0)

Abbreviation              Topic in Health econ

Prerequisite                None

Course Description

                                    Concepts of health management, health policy and problems in the study of health services issues using economic tools. Application of advanced econometric techniques to problems in the health services field.

ECON 890 (751890)    Advanced Financial Economics I                    3(3/3-0/0)

Abbreviation              Adv Fin Economics I

Prerequisite                None

Course Description  

                                    Advanced topics in the theory of financial markets with a focus on continuous time models. Multiperiod securities markets and martingales. Pricing of contingent securities such as options. Optimal consumption and portfolio problems of an individual. Dynamic equilibrium theory. The Intertemporal Capital Asset Pricing Model; term structure of interest rates; and equilibrium with asymmetric information, transaction costs, and borrowing constraints.

ECON 891 (751891)    Advanced Financial Economics II       3(3/3-0/0)

Abbreviation              Adv Fin Economics II

Prerequisite                None   

Course Description

                                    Surveys selected topics in current advanced research in corporate finance. Theoretical and empirical analyses of corporate financing and investment decisions.

ECON 892 (751892)    Advanced Financial Economics III                  3(3/3-0/0)

Abbreviation              Adv Fin Economics III

Prerequisite                None

Course Description

                                    Recent empirical methods in finance, including the estimation and testing of market efficiency, the random walk hypothesis, the CAPM/APT, various term structure models, option pricing theories, market microstructures, performance evaluation, bond rating and default analysis, event study methodology, continuous-time econometrics, and general time series methods.

ECON 889  (751889)   Selected Topics  in Health Economics                   3(3/3-0/0)

Abbreviation              Topic in Health econ

Prerequisite                None

Course Description

                                    Concepts of health management, health policy and problems in the study of health services issues using economic tools. Application of advanced econometric techniques to problems in the health services field.

ECON 899 (751899)    Thesis                                                                        36(0/0-36/P)

Abbreviation              THESIS

Prerequisite                Approved proposal                                         

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