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1.  Curriculum

1.1  Credits

Plan C (1 (1.1))

Focuses on research, no requirement for courses, a total of 48 credits

Plan A (2 (2.1))

Research and course requirements, a total of 66 credits

Plan B (2 (2.2))

Research and course requirements, a total of 90 credits

 

1.2  Program Structure 

Courses

Plan C (1(1.1))

Focuses on research,

no requirement for courses

Plan A (2 (2.1))

Research and courses requirements

Plan B (2 (2.2))

Research and courses requirements

1. Basic Courses

3 credits

(Non credit)

3 credits

(Non credit)

12 credits

2. Core Courses

-

18 credits

18 credits

3. Field Courses

-

6 credits

6 credits

4. Elective Courses

-

6 credits

6 credits

5. Dissertation

48 credits

36 credits

48 credits

6. Qualifying Examination

Required

Required

Required

Total

48 Credits

66 Credits

90 Credits

 

1.3  Courses List

a)   Plan C (1 (1.1))

The formal course requirements for Plan C (1 (1.1)) Focuses on research only. a total of 48 credits.

 

Basic Course (Non credits)

DE 7000  Mathematics for Economists

3 Credits

 

Dissertation (48 Credits)

DE 9900  Dissertation  

48 Credits

                                       

All candidates for the Ph.D. degree must have an advisor who is a faculty member of the School of Development Economics. The advisor is considered the primary reader of the dissertation.  The defense must be open to the academic community of the university and be publicly announced at least one week prior to the occurrence.

Remark: The thesis defenseís criterion is accordance with the National Institute of Development Administration academic regulations 2006 and itís revised, and the standard graduate studies criteria 2005.

 

b)    Plan A (2 (2.1))

The formal course requirements for Plan A (2 (2.1)) must be met with 66 credits. No credit earned in DE 7000 Mathematics for Economists may be applied toward the Ph.D. degree.

 

Basic Course (Non credits)

DE 7000  Mathematics for Economists

3 Credits

This is a required course for all doctoral students in the program. To be exempted from the course, students must petition for the permission from the School Dean.

 

Core Courses (18 Credits)

DE 8100  Microeconomic Theory

3 Credits

DE 8200  Advanced Microeconomics

3 Credits

DE 8300  Macroeconomic Theory 

3 Credits

DE 8400  Advanced Macroeconomics

3 Credits

DE 8500  Econometrics I 

3 Credits

DE 8600  Econometrics II

3 Credits

 

Field Courses (6 Credits)

Students must choose one field courses of specialization from the list below.

1.    Development Economics

Required field courses:

DE 9100  Development Economics 

3 Credits

DE 9101  Empirical Issues in Development Economics

3 Credits

 

2.    International Economics

Required field courses:

DE 9200  International Trade  

3 Credits

DE 9201  International Finance

3 Credits

 

3.    Financial Economics

Required field courses:

DE 9300  Financial Economics

3 Credits

DE 9301  Asset Pricing Theory

3 Credits

 

4.    Environmental Economics

Required field courses:

DE 9400  Environmental Economics

3 Credits

DE 9401  Environmental Valuation

3 Credits

 

5.    Public Economics

Required field courses:

DE 9500  Public Economics: Taxation 

3 Credits

DE 9501  Public Economics: Expenditure

3 Credits

 

Elective Courses (6 Credits)

Students must choose two Ph.D.-level courses in economics or related to their area of specialization as electives under the guidance of advisor.   

DE 9600  Economics of Labor Market 

3 Credits

DE 9601  Wage Determination

3 Credits

DE 9602  Health Economics     

3 Credits

DE 9603  Game Theory    

3 Credits

DE 9604  Independent Research Paper

3 - 6 Credits

DE 9605  Directed Study   

3 - 6  Credits

 

Dissertation (36 Credits)

DE 9900  Dissertation 

36 Credits

All candidates for the Ph.D. degree must have an advisor who is a faculty member of the School of Development Economics. The advisor is considered the primary reader of the dissertation.  The defense must be open to the academic community of the university and be publicly announced at least one week prior to the occurrence.

Remark: The thesis defenseís criterion is accordance with the National Institute of Development Administration academic regulations 2006 and itís revised, and the standard graduate studies criteria 2005.

 

c)    Plan B (2 (2.2))

The formal course requirements for Plan B (2 (2.2)) must be met with 90 credits.

Basic Course (12 Credits)          

DE 6001  Intermediate Microeconomics   

3 Credits

DE 6002  Intermediate Macroeconomics

3 Credits

DE 6003  Basic Econometrics 

3 Credits

DE 7000  Mathematics for Economists

3 Credits

 

Core Courses (18 Credits)

DE 8100  Microeconomic Theory

3 Credits

DE 8200  Advanced Microeconomics

3 Credits

DE 8300  Macroeconomic Theory 

3 Credits

DE 8400  Advanced Macroeconomics

3 Credits

DE 8500  Econometrics I 

3 Credits

DE 8600  Econometrics II

3 Credits

 

Field Courses (6 Credits)

Students must choose one field courses of specialization from the list below.

1.    Development Economics

Required field courses:

DE 9100  Development Economics 

3 Credits

DE 9101  Empirical Issues in Development Economics

3 Credits

 

2.    International Economics

Required field courses:

DE 9200  International Trade  

3 Credits

DE 9201  International Finance

3 Credits

 

3.    Financial Economics

Required field courses:

DE 9300  Financial Economics

3 Credits

DE 9301  Asset Pricing Theory

3 Credits

 

4.    Environmental Economics

Required field courses:

DE 9400  Environmental Economics

3 Credits

DE 9401  Environmental Valuation

3 Credits

 

5.    Public Economics

Required field courses:

DE 9500  Public Economics: Taxation 

3 Credits

DE 9501  Public Economics: Expenditure

3 Credits

 

Elective Courses (6 Credits)

Students must choose two Ph.D.-level courses in economics or related to their area of specialization as electives under the guidance of advisor.   

DE 9600  Economics of Labor Market 

3 Credits

DE 9601  Wage Determination

3 Credits

DE 9602  Health Economics     

3 Credits

DE 9603  Game Theory    

3 Credits

DE 9604  Independent Research Paper

3 - 6 Credits

DE 9605  Directed Study   

3 - 6  Credits

Remark: schedule of elective courses are subject to approval of the school of Development Economics.

 

Dissertation (48 Credits)

DE 9900  Dissertation 

48 Credits

All candidates for the Ph.D. degree must have an advisor who is a faculty member of the School of Development Economics.  The advisor is considered the primary reader of the dissertation.  The defense must be open to the academic community of the university and be publicly announced at least one week prior to the occurrence.

Remark: The thesis defenseís criterion is accordance with the National Institute of Development Administration academic regulations 2006 and itís revised, and the standard graduate studies criteria 2005.

 

d)    Master of Economics

This alternative set of requirements for the Masterís Degree must be met with 36 credits if students change their plans or fail to satisfy the Ph.D. requirements. 

 

Basic Courses (12 Credits)

DE 6001  Intermediate Microeconomics   

3 Credits

DE 6002  Intermediate Macroeconomics

3 Credits

DE 6003  Basic Econometrics 

3 Credits

DE 7000  Mathematics for Economists

3 Credits

 

Core Courses (9 Credits)

DE 8100  Microeconomic Theory

3 Credits

DE 8300  Macroeconomic Theory 

3 Credits

DE 8500  Econometrics I 

3 Credits

 

Field Courses (6 Credits)

Students must choose one field courses of specialization from the list below.

1.    Development Economics

Required field courses:

DE 9100  Development Economics 

3 Credits

DE 9101  Empirical Issues in Development Economics

3 Credits

 

2.    International Economics

Required field courses:

DE 9200  International Trade  

3 Credits

DE 9201  International Finance

3 Credits

                      

3.    Financial Economics

Required field courses:

DE 9300  Financial Economics

3 Credits

DE 9301  Asset Pricing Theory

3 Credits

                    

4.    Environmental Economics

Required field courses:

DE 9400  Environmental Economics

3 Credits

DE 9401  Environmental Valuation

3 Credits

               

5.    Public Economics

Required field courses:

DE 9500  Public Economics: Taxation 

3 Credits

DE 9501  Public Economics: Expenditure

3 Credits

 

Elective Courses (6 Credits)

Students shall choose any course from elective courses under the guidance of advisor to complete the requirement.

DE 8xxx/9xxx  Elective Course (#1) 

3 Credits

DE 8xxx/9xxx  Elective Course (#2) 

3 Credits

 

Independent Studies (3 Credits)

DE 8900  Independent Studies  

3 Credits

                    

 

2.  Study Plan

A typical program of a Ph.D. student consists of the following sequence:

a)    Plan C (1 (1.1))  Dissertation only no requirement for courses

                                      First Summer (8 weeks)

DE 7000  Mathematics for Economists

Non credit

                                      First Year, 1st Semester

DE 9900  Dissertation  

6 Credits

                                      First Year, 2nd Semester

DE 9900  Dissertation  

6 Credits

                                     Following Semesters

DE 9900  Dissertation  

36 Credits

 

b)    Plan A (2 (2.1)) Dissertation and course requirements

                                      First Summer (8 weeks)

DE 7000  Mathematics for Economists

Non credit

                                    First Year, 1st Semester

DE 8100  Microeconomic Theory

3 Credits

DE 8300  Macroeconomic Theory

3 Credits

DE 8500  Econometrics I  

3 Credits

                                      First Year, 2nd Semester

DE 8200  Advanced Microeconomics

3 Credits

DE 8400  Advanced Macroeconomics

3 Credits

DE 8600  Econometrics II  

3 Credits

                                      Second Year, 1st Semester

DE 9xxx  Field Course (#1)

3 Credits

DE 9xxx  Elective Course (#1)      

3 Credits

DE 9xxx  Elective Course (#2)     

3 Credits

                                      Second Year, 2nd Semester

DE 9xxx  Field Course (#2)    

3 Credits

DE 9900  Dissertation  

6 Credits

                                      Third Year, 1st Semester

DE 9900  Dissertation 

12 Credits

                                      Third Year, 2nd Semester

DE 9900  Dissertation      

12 Credits

                                        Fourth Year, 1st Semester

DE 9900  Dissertation  

6 Credits

 

c)    Plan B (2 (2.2))  Dissertation and course requirements

                                      First Summer (16 weeks)

DE 6001  Intermediate Microeconomics   

3 Credits

DE 6002  Intermediate Macroeconomics  

3 Credits

DE 6003  Basic Econometrics  

3 Credits

DE 7000  Mathematics for Economists

3 Credits

                                       First Year, 1st Semester

DE 8100  Microeconomic Theory 

3 Credits

DE 8300  Macroeconomic Theory  

3 Credits

DE 8500  Econometrics I 

3 Credits

                                      First Year, 2nd Semester

DE 8200  Advanced Microeconomics

3 Credits

DE 8400  Advanced Macroeconomics

3 Credits

DE 8600  Econometrics II 

3 Credits

                                      Second Year, 1st Semester

DE 9xxx  Field Course (#1)    

3 Credits

DE 9xxx  Elective Course (#1) 

3 Credits

DE 9xxx  Elective Course (#2)

3 Credits

                                      Second Year, 2nd Semester

DE 9xxx  Field Course (#2)    

3 Credits

DE 9900  Dissertation

6 Credits

 

                                      Third Year, 1st Semester

DE 9900  Dissertation

12 Credits

 

                                      Third Year, 2nd Semester

DE 9900  Dissertation

12 Credits

 

                                        Fourth Year, 1st Semester

DE 9900  Dissertation

12 Credits

                                        Fourth Year, 2nd Semester

DE 9900  Dissertation

6 Credits

                                                           
 

There is an alternative set of requirements that can be used for the Masterís Degree if students change their plans or fail to satisfy the Ph.D. requirements: 

d)    Master of Economics

                                      First Summer

DE 6001  Intermediate Microeconomics

3 Credits

DE 6002  Intermediate Macroeconomics 

3 Credits

DE 6003  Basic Econometrics 

3 Credits

DE 7000  Mathematics for Economists  

3 Credits

                                      First Year, 1st Semester

DE 8100  Microeconomic Theory

3 Credits

DE 8300  Macroeconomic Theory

3 Credits

DE 8500  Econometrics I  

3 Credits

                                      First Year, 2nd Semester

DE 9xxx  Field Course (#1)

3 Credits

DE 9xxx  Elective Course (#1) 

3 Credits

DE 9xxx  Elective Course (#2) 

3 Credits

                                      Second Year, 1st Semester

DE 9xxx  Field Course (#2)

3 Credits

DE 8900  Independent Studies

3 Credits

                                                   

 

3.   Course Description

A.   Basic Course

Plan C (1 (1.1)) and Plan A (2 (2.1))

DE 7000  Mathematics for Economists

(Non Credits)

The course reviews/introduces mathematical concepts and techniques commonly used in economic analysis and the graduate theory courses.

 

Plan B (2 (2.2))

DE 6001  Intermediate Microeconomics

3 Credits

The course offers fundamental approaches to explain rational decisions of economic agents. Economic analysis of consumer behavior and demand for goods, production theory and costs, market structure, and price determination mechanism are the core focus. Basic concepts in general equilibrium theory, welfare economics and market failure, and remedies mechanism are topics to be discussed.   

 

DE 6002  Intermediate Macroeconomics

3 Credits

Mainstream theoretical model in macroeconomics analysis is introduced. Fundamental theories such as Classical theory, Keynesian theory, Monetarist, Rational expectations and modern macroeconomic theory are explored. Assessing and forecasting economic situation under different circumstances as well as macroeconomic policy determination are included.

 

DE 6003  Basic Econometrics

3 Credits

The study of fundamental and advanced probability theory and probability distribution function in applied statistics. Moreover, the course covers an introduction to random variables, large sample theory, point estimation, interval estimation and hypothesis/hypotheses testing. A simple bivariate and multi-variate linear regression model is also introduced.

 

DE 7000  Mathematics for Economists

3 Credits

The course reviews/introduces mathematical concepts and techniques commonly used in economic analysis and the graduate theory courses.

 

B.   Core Courses

Plan A (2 (2.1))  and  Plan B (2 (2.2))

DE 8100  Microeconomic Theory

3 Credits

Microeconomic theory with an emphasis on analysis of consumer behavior, theory of firm, decision making under uncertainty, perfect competition, monopoly and monopsony, and imperfect competition. Game theory will also be introduced.

 

DE 8200  Advanced Microeconomics

3 Credits

The course is emphasis on the basic topics of classical microeconomic theory including market equilibrium, individual decision making, traditional market failure, and general equilibrium theory.

Prerequisite: DE 8100 Microeconomic Theory

 

DE 8300  Macroeconomic Theory

3 Credits

This course aims to introduce the students to the most relevant issues and developments of dynamic modern macroeconomics. Economies are therefore modeled as dynamic equilibrium systems based on inter-temporal decisions. This framework is then used to study social security systems, growth, macroeconomic fluctuations (business cycles), and economic policy.

 

DE 8400  Advanced Macroeconomics      

3 Credits

Advanced topics in Macroeconomics with emphasis on economic fluctuations. The competitive equilibrium business cycle and deviations from the competitive model are the main focus. Topics include consumption and investment theories, real business cycle theory, and new Keynesian theory.

Prerequisite: DE 8300 Macroeconomic Theory

 

DE 8500  Econometrics I 

3 Credits

Econometric methods for economic analysis. Topics include the theory and application of the LS and ML estimators of the linear single equation, nonlinear econometric methods, and structural models for cross-sectional and panel data, specification analysis, and model choice issues and analysis of limited dependent variables.

 

DE 8600  Econometrics II

3 Credits

The course focuses on advanced and recent topics in econometrics. Topics include time series econometrics, non-parametric estimation, asymptotic theory, unit roots and co-integration, and methods for measurement error.

Prerequisite: DE 8500 Econometrics II

 

C.   Field Courses

Plan A (2 (2.1))  and  Plan B (2 (2.2))

1.    Development Economics

DE 9100  Development Economics

3 Credits

This course covers advanced topics of development economics spanning micro-development and macro-development economics. Topics include dual economy, inter-linkage in rural markets, structural transformation, economic roles of institutions, social welfare, poverty and income distribution, international trade and economic development and computable general equilibrium analysis of development policy scenarios.

 

DE 9101  Empirical Issues in Development Economics

3 Credits

A variety of current issues pertaining to economic development will be explored. Students will also be encouraged to apply analytical tools in discussing development issues.

 

2.    International Economics

DE 9200  International Trade

3 Credits

The theory and evidence concerning causes and consequences of international trade with attention focused on the interplay of economic theory and empirical descriptions of foreign trade and foreign direct investment.  Topics include comparative advantage on the imperfectly competitive markets, income distribution and the gains from trade, and the impact of taxes, tariff, and subsidies on international trade.

 

DE 9201  International Finance

3 Credits

Analysis of international capital markets, exchange rates, interest and prices.  International monetary economics covering topics like exchange rate and balance of payment determination, speculative attacks and target zones, monetary approaches to the adjustment mechanism, portfolio and asset market approaches, monetary integration and policy coordination.

 

3.    Financial Economics

DE 9300  Financial Economics         

3 Credits

A synthesis of finance theory from the perspective of continuous-time analysis. It examines the microeconomic foundations of individual financial behavior, the financial market, and financial intermediation with some emphasis on risk and uncertainty. Topics include portfolio selection theory and investment decision, market signaling, market imperfection, capital pricing models, option pricing, arbitrage pricing, securitization, derivatives, hedge funds and agency theory.

 

DE 9301  Asset Pricing Theory

3 Credits

Dynamic models in finance and modern asset-pricing theory are examined:  discrete-time models for portfolio choice and security prices, and continuous-time models.  Models of the term structure of interest rates and the pricing of derivative claims are also explored.

 

4.   Environmental Economics

DE 9400  Environmental Economics

3 Credits

Conceptual, methodological and policy issues associated with environmental protection.  It illustrates the use of  economic theories to analyze public policy measures designed to preserve and improve environments. Topics include modeling externalities and common property resources, regulation, taxes, and subsidies, tradable permits and environmental risk.

 

DE 9401  Environmental Valuation

3 Credits

Investigating various types of environmental values: use value, non-use value and option value.  Methods developed in the course are contingent valuation method, hedonic price model, travel cost methods, averting behavior, replacement cost method, and benefit transfer approach.  Empirical issues on the use of environmental values are discussed.

 

5.    Public Economics

DE 9500  Public Economics: Taxation

3 Credits

The course starts with the introduction of welfare economics. Then, the focus is on the roles of government and taxation. The fundamentals of public economics are to examine the impact of taxations on resource allocation and distribution in conjunction with the economic efficiency and equity, and, to determine the optimal taxation as to balance government expenditure and stabilize the economic growth. The course also analyzes the effects of fiscal policies on the decisions of economic agents and the economic stability. A priori objective of the course is for students to development their own economic tools as to analyze and evaluate the tax systems.

 

DE 9501  Public Economics: Expenditure

3 Credits

The economic roles of government, the public expenditure theory, and how government policies affect social welfare will be examined. The evaluation of public expenditure with reference to the Thai economy will be discussed.

 

D.  Elective Courses

Plan A (2 (2.1))  and  Plan B (2 (2.2))

DE 9600  Economics of Labor Market    

3 Credits

Theoretical models and current empirical issues in labor economics. Topics include analysis of labor markets; labor supply and allocation of time; behavior of unemployment, vacancies, and wages; endogenous job destruction and job creation; labor turnover and on-the-job search; job matching.

 

DE 9601  Wage Determination

3 Credits

Current research in wage determination and the functioning of labor markets. Effects of investments in information and human capital on wage growth and mobility. Topics include female labor supply and wage structure; credit constraints and human capital investment decisions; within-firm wage growth; tradeoff between risk and incentives.

 

DE 9602  Health Economics

3 Credits

The course offers an analysis of the economics of health care and health care reform with respect to allocation efficiency and equity. Topics include the economic determinants of health, market for medical care, insurance market, interaction between health and other markets, investment in health sector, and government regulation and public financing in health care.

 

DE 9603  Game Theory 

3 Credits

The behavior of economic agent and the analysis of optimal decisions being dependent upon other agentsí actions. Various models of equilibrium are explored to capture various ways economic agents make their decisions under different games: static games, dynamic games, or games of incomplete information.

 

DE 9604  Independent Research Paper

3 - 6 Credits

Students write a substantial research paper under supervision of a faculty member approved by Dean of School of Development Economics. 

 

DE 9605  Directed Study

3 - 6 Credits

Topics not offered as a regular course but are of individual interests to students could be offered as a directed course under guidance of a faculty member.

 

E.  Dissertation

Plan A (2 (2.1))

DE 9900  Dissertation

36 Credits

All candidates for the Ph.D. degree must have an advisor who is a faculty member of the School of Development Economics. The advisor is considered the primary reader of the dissertation. The defense must be open to the academic community of the university and be publicly announced at least one week prior to the occurrence.

Remark: The thesis defenseís criterion is accordance with the National Institute of Development Administration academic regulations 2006 and itís revised, and the standard graduate studies criteria 2005.

 

Plan C (1 (1.1)) and Plan B  (2 (2.2))

DE 9900  Dissertation

48 Credits

All candidates for the Ph.D. degree must have an advisor who is a faculty member of the School of Development Economics. The advisor is considered the primary reader of the dissertation. The defense must be open to the academic community of the university and be publicly announced at least one week prior to the occurrence.

Remark: The thesis defenseís criterion is accordance with the National Institute of Development Administration academic regulations 2006 and itís revised, and the standard graduate studies criteria 2005.

 

F.   Independent Studies

Master of Economics

DE 8900  Independent Studies

3 Credits

Students develop research proposal and write a substantial research paper (or thesis) related to economic issues. The work shall be done under supervision of a faculty member approved by the Dean of School of Development Economics.

 

Doctoral Program in Economics,

School of Development Economics,

National Institute of Development Administration,

118 Seri-Thai Road, Klong-Chan, Bangkapi, Bangkok 10240,Thailand.

Tel: +66 (0) 2727-3640, 2727-3177 Fax: +66 (0) 2375-8842

For Admission Information: phdecon@nida.ac.th