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Courses

The following are all the courses offered by the Department of Business Economics. Note that

  • Course Type:
    • BBA required means required for students obtaining the bachelor degree in Business Administration.
    • Major required means required for students obtaining the bachelor degree in Business Economics.
  • Grade Requirements:
    • BBA Required Courses: Students must have at least a “D” grade.
    • Major Required Courses: Students must have at least a “C” grade. If student gets C- or less, that subject must be repeated.

ECO 1401 Economic Reasoning (3 credits)

  • Course Type: Major required
  • Description: Economic way of thinking to examine development of economics, structure and framework of micro- and macro- economic theories, basic concepts in economic research analysis, concept of marginal analysis, externalities, perception of cost benefit analysis.
  • Prerequisites: None
  • Semester Normally Offered:
  • Current Instructor: Poonyawat Sreesing
  • Syllabus

ECO 2200 Introduction to Economics (3 credits) – Formerly BG2403

  • Course Type: BBA required
  • Description:
  • Prerequisites: BG1001 English I
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 2201 Microeconomics (3 credits) – Formerly BG2401

  • Course Type: BBA required
  • Description:
  • Prerequisites: BG1001 English I
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 2202 Macroeconomics (3 credits) – Formerly BG2400

  • Course Type: BBA required
  • Description:
  • Prerequisites: BG1001 English I
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 2501 Principles of Microeconomics (3 credits)

  • Course Type: Major required
  • Description: Allocation of scare resources in market economies, theory of consumption and production, demand, supply, market equilibrium, production, cost, roles of firms, market mechanisms to determine prices and efficiency of resources allocation.
  • Prerequisites: ECO 1401 Economic Reasoning
  • Semester Normally Offered:
  • Current Instructor: Piyanan Suwanmana
  • Syllabus

ECO 2502 Principles of Macroeconomics (3 credits)

  • Course Type: Major required
  • Description: Principles of national income, macro-economic issues: unemployment, inflation, economic growth, economic fluctuations, level of interest rates, savings and investment, exchange rate and balance of payments, role of government fiscal and monetary policies influencing the economy.
  • Prerequisites: ECO 1401 Economic Reasoning
  • Semester Normally Offered:
  • Current Instructor: Kyi Cin Thant
  • Syllabus

ECO 2503 Economy, Society and Government (3 credits)

  • Course Type: Major required
  • Description: Interrelation between economy, society and government, influence of the government policies, and the range of government policies’ impacts on both society and economy.
  • Prerequisites: ECO 1401 Economic Reasoning
  • Semester Normally Offered:
  • Current Instructor: Aung Kyaw San
  • Syllabus

ECO 3711 Intermediate Microeconomics (3 credits)

  • Course Type: Major required
  • Description: Theory of consumer choice: analysis of consumer preference and utility maximization, theory of production: production maximization, cost minimization and factor demands, market structure: price determination, competition, analysis of general equilibrium and welfare economics.
  • Prerequisites: ECO 2501 Principles of Microeconomics
  • Semester Normally Offered: 
  • Current Instructor: Shih-tse Lo
  • Syllabus

ECO 3712 Intermediate Macroeconomics (3 credits)

  • Course Type: Major required
  • Description: Structure of macroeconomic models, relationship between aggregate demand and aggregate supply in determining general economic stability, growth, and employment, theory of income determination, growth theory, government economic policies in the closed and open economy, and implications of different theories for macroeconomic policy.
  • Prerequisites: ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: Suppanunta Romprasert
  • Syllabus

ECO 3713 Economics of Money and Banking (3 credits)

  • Course Type: Major required
  • Description: Money and capital markets, role of bank and non-bank financial institutions, theories of money, time value of money, bonds, role of central bank, conduct of monetary policy in stabilizing the economy, and basic for IS-LM framework.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: Zhuoran Zhang
  • Syllabus

ECO 3714 Mathematical Economics (3 credits)

  • Course Type: Major required
  • Description: Mathematical techniques: derivatives, differential equations, linear programming, matrix, and determinants to solve problems in economics, particular applications including solving system of equation supply and demand models, input – output models, marginal analysis, optimization problems.
  • Prerequisites: BG 1230 Calculus
  • Semester Normally Offered:
  • Current Instructor: Wanida Ngienthi
  • Syllabus

ECO 3715 Introduction to Econometrics (3 credits)

  • Course Type: Major required
  • Description: Estimating economic relationships, analyzing economic data, building economic models, testing hypothesis, simple and multiple regression analysis, technical problems of multicollinearity, heteroscedasticity, autocorrelation, dummy variables and other error correction models, and evaluating government and business policies through econometrics tools.
  • Prerequisites: BG 2200 Statistics II AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered: Second semester
  • Current Instructor: Dhanoos Sutthiphisal
  • Syllabus

ECO 3716 International Trade (3 credits)

  • Course Type: Major required
  • Description: Theories and policies of international trade, neoclassical trade theory to modern trade theory, absolute advantage versus comparative advantage, H-O Model, Standard Trade Model, Inter- and Intra- Industry Trade, instruments of trade policies, trade policies and strategies in both developing countries and advanced countries, and economic integration.
  • Prerequisites: ECO 2501 Principles of Microeconomics
  • Semester Normally Offered:
  • Current Instructor: Wanida Ngienthi
  • Syllabus

ECO 3717 Managerial Economics (3 credits)

  • Course Type: Major required
  • Description: Applications of economic tools to the analysis of management decisions: demand analysis and forecasting, production and cost analysis, market structure and competitive analysis, game theory and competitive strategy, decision making under uncertainty, organizational design.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: Ing-wei Huang
  • Syllabus

ECO 3721 Industrial Organization (3 credits)

  • Course Type: Major elective
  • Description: Analysis of firm behavior in imperfectly competitive market, relationship between industrial structure and performance of firms, impacts of technological change on costs, profitability and industrial structure, pricing strategy in different market structures, strategy of firms to create market power.
  • Prerequisites: ECO 2501 Principles of Microeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 3722 Business Cycle and Forecasting (3 credits)

  • Course Type: Major elective
  • Description: Applications of economic tools to the analysis of management decisions: demand analysis and forecasting, production and cost analysis, market structure and competitive analysis, game theory and competitive strategy, decision making under uncertainty, organizational design.
  • Prerequisites: ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 3723 Public Finance (3 credits)

  • Course Type: Major elective
  • Description: Economic role of government with emphasis on public expenditure and taxation, budgetary policy and impacts of government policy on the economy, theory of taxation.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 3724 Comparative Economic Systems (3 credits)

  • Course Type: Major elective
  • Description: Comparisons between the major economic systems in the world: capitalism, socialism and economies of less- and developing countries, operation of modern market economy, variants of capitalism, transformation of socialism into market economy, the Asian economy.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 3725 Financial Economics (3 credits)

  • Course Type: Major elective
  • Description: Applications of economic principles in the development of modern finance theory, theoretical models used finance, competitive market model, capital asset- pricing model, arbitrage and option pricing, models of firm, theory of financial structure of firm.
  • Prerequisites: ECO 3713 Economics of Money and Banking
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4711 International Macroeconomics (3 credits)

  • Course Type: Major required
  • Description: International monetary theory, macroeconomics in open economy, balance of payments, foreign exchange market, exchange rate systems, theories of exchange rate determination, international financial markets and instruments, international macroeconomic policies.
  • Prerequisites: ECO 3712 Intermediate Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: Chairath Chayunwat
  • Syllabus

ECO 4712 Economics of Strategy (3 credits)

  • Course Type: Major required
  • Description: Strategy from the perspective of economics, economies of scale and scope as sources of competitive advantage, analysis of vertical and horizontal integration, analysis of firm boundaries and diversification, industry and competitive analysis and competitive approaches, analysis of strategic positioning for competitive advantage, and sustaining competitive advantage strategies.
  • Prerequisites: ECO 3711 Intermediate Microeconomics OR ECO 3717 Managerial Economics
  • Semester Normally Offered:
  • Current Instructor: Ing-wei Huang
  • Syllabus

ECO 4721 Project Evaluation (3 credits)

  • Course Type: Major elective
  • Description: Strategy from the perspective of economics, economies of scale and scope as sources of competitive advantage, analysis of vertical and horizontal integration, analysis of firm boundaries and diversification, industry and competitive analysis and competitive approaches, analysis of strategic positioning for competitive advantage, and sustaining competitive advantage strategies.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND FIN 3701 Corporate Finance
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4722 Economics of Human Resources (3 credits)

  • Course Type: Major elective
  • Description: Economic analysis of human resources management, traditional model of labor demand and labor supply, marginal productivity theory, theory of wage differentials and structure of earnings, human resources development and planning, provision of training and skills, human capital theory, labor relation and theory of bargaining.
  • Prerequisites: ECO 2501 Principles of Microeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4723 Agricultural Economics and Agri-business (3 credits)

  • Course Type: Major elective
  • Description: Economic theory of agricultural sector, nature of supply, demand and production in agricultural products, market and price risks, market and industry structures, role of the financial market and future exchange in agricultural products, competitive strategy in the world market, and government intervention in agricultural sector.
  • Prerequisites: ECO 2501 Principles of Microeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4724 Economics of E-business (3 credits)

  • Course Type: Major elective
  • Description: Economic analysis of electronic business, linkage of e-business to economics, analysis of impacts of e-commerce on cost of goods and services, relationship between business and information technology, economic aspects of e-commerce, e-business, and e-government.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND BIS 2280 Information Technology
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4725 Economics of Sustainability(3 credits)

  • Course Type: Major elective
  • Description: Theoretical and empirical studies of the economic effects of national or local environmental policies around the world, costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming, pattern of resource use to meet human needs while preserving the environment.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4726 Business and Government(3 credits)

  • Course Type: Major elective
  • Description: Linkage between business sectors and government, impact of government policies (fiscal, monetary, trade and industrial policies) on business sectors, analysis and evaluation of impact and remedies, national income, business cycles, money supply, inflation, interest rates and financial assets.
  • Prerequisites: ECO 2501 Principles of Microeconomics AND ECO 2502 Principles of Macroeconomics
  • Semester Normally Offered:
  • Current Instructor: TBA
  • Syllabus

ECO 4911 Seminar in Economics (3 credits)

  • Course Type: Major required
  • Description: Development of student’s economic research, review of past economic research, economic research topic development, literature review, methodology, interpretation of economic results and evaluation of economic research results.
  • Prerequisites: ECO 3711 Intermediate Microeconomics, ECO 3712 Intermediate Macroeconomics, ECO 3715 Introduction to Econometrics, AND MGT 3940 Business Research Methodology
  • Semester Normally Offered:
  • Current Instructor: Dhanoos Sutthiphisal
  • Syllabus

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