Economics

The purpose of this course is to clarify phenomena and problems that are inherent in the market economy by an examination of the laws and economic systems that support the internal and contractual structure of the market. In particular, the course focuses on Coase Theorem and its application to nuisance law, sales law, and tort law. This is a lecture course, but students are expected to work on "legal cases" into three groups (plaintiff, defendant, and judge) in each class, and are expected to participate in the deliberations of the cases among the three groups.

This course is designed for students wishing to clarify and advance their career goals through an 8-week internship in Thailand. It provides a structured learning environment to help students make the most of their internship experience. While there are no regularly scheduled class meetings, internships are conducted under the close academic supervision of the School of Global Studies at Thammasat University. An assigned internship coordinator provides oversight and guidance for the duration of the internship. The course requires a minimum of 288 total work hours. 

This course examines the importance of health and human capital to individual well-being and economic growth. It evaluates how the natural, social, economic, and political environments affect the accumulation and stock of health and human capital and the ways in which health and human capital interact with one another. It documents the considerable inequality in health and human capital across society and considers ways in which policy may help reduce this inequality.

This course explores the theory and practice of market design. Economists study market mechanisms, and are also involved in the design of markets. Key examples include auctions to sell electricity, radio spectrum, or procurement contracts; mechanisms to sell internet advertising; online marketplaces; algorithms to match candidates to jobs, students to schools, or allocate courses to students; organ exchange systems. The field of market design studies how to choose the rules of mechanisms that solve such allocation problems, or how to organize successful marketplaces. It builds on the tools of game theory and mechanism design. This course explains the underlying theory in an intuitive way, and discusses actual designs. The goal is to understand why some market institutions succeed and other fail. The course is based on lectures to expose the theory, and class discussion of applications.

The course provides a deepened overview of macroeconomic theory. The content of the course mainly focuses on business cycle fluctuations, unemployment, inflation, the current account, and fiscal and monetary policy. The analysis is extended to include the fact that economic agents are forward-looking, which considerably deepens the insights into the determination and development of a country’s consumption, investment, current account, and economic policy. In addition, the course contains the IS–LM model that is important for analysis of economic policy.

This course provides an opportunity to rediscover one of the classic fields of anthropology, economic anthropology. It explores both classic and contemporary economic culture and allows for experimental use of economic anthropology in analysis of the student’s own empirical data, planned fieldwork, or theoretical discussions. The course explores issues such as forms of value, work, consumption, distribution and welfare society, spheres of exchange, spirits of capitalism, financialization, precarization, market fantasies, and economic cosmologies. The course consists of lectures, group discussions, presentations, and feedback sessions where students read and comment on each other’s writing.

This course explores the relative and absolute valuation models for securities investment, macroeconomics analysis, industry analysis and company analysis of securities investment, and technical form analysis and technical index analysis. These theories and technical analyses are applied to the practical investment cases in our securities market to let students have a deep understanding of securities investment practice of our country and help them lay a solid foundation for the relevant work in the future.  

The main contents of the course: steps, methods, and logic of securities investment analysis; relative valuation model: price-earnings ratio model, price to book ratio model, PEG model, etc.; absolute valuation model: dividend discount model, free cash flow model.; modern value model: capital asset pricing model, arbitrage pricing theory; technical analysis theory: characteristics of market behavior; graphic technical analysis: line profile analysis, price pattern; technical index analysis: confirmatory factor index, and momentum index; macroeconomics analysis: important economic variables and economic policy; macroeconomics and sector rotation: Merrill Lynch Investment Clock; analysis of company’s basic quality: competitive status, operational capacity; and analysis of financial statements: analysis of profitability and growth.