Business Economics Website
Reference : Undergraduate Bulletin 2015 - 2016

Degree Conferred: Bachelor of Economics (Business Economics)

B.Econ. (Business Economics)

Program Objectives: To produce graduates who have the characteristics, knowledge and skills as follows: 

  • Morally sound, committed to acting justly and open to further growth.
  • Have essential concepts, frameworks, core body of knowledge, and necessary technical skills to work as a full potential economic professional.
  • Able to understand and apply economic reasoning to every aspect of the management and the organization.
  • Able to interpret economic information, make economic analysis and forecasting useful for business decision making.
  • Flexible, competent and well-rounded in confronting and solving economic problems.
  • Able to work as a team and motivate others to work.
  • Able to communicate effectively and have good IT skills.

A. General Education Courses 36 Credits

Language

Language Courses 15 Credits
BG 1001 English I 3
BG 1002 English II 3
BG 2000 English III 3
BG 2001 English IV 3
GE 1403 Communication in Thai 3
or GE 1401 Language and Communication Skills (For international students) 3

Social Science

Social Science Courses 6 Credits
GE 2202 Ethics 3
MGT 1101 Introduction to Business 3

Humanities

Humanities Courses 9 Credits
GE 2101 World Civilization 3
GE 2103 Art of Reasoning 3
MGT 2404 Managerial Psychology 3

Science and Mathematics

Science and Mathematics Courses 6 Credits
BG 1200 Mathematics for Business 3
GE 1301 Environmental Science 3

B. Specialized Course 99 Credits

Business Core Courses

Business Core Courses 42 Credits
ACT 1600 Fundamentals of Financial Accounting 3
ACT 2620 Fundamentals of Managerial Accounting 3
BG 1201 Statistics I 3
BG 1230 Calculus 3
BG 2200 Statistics II 3
BIS 1141 Business Software Applications 0
BIS 2180 Information Technology 3
BIS 3340 Computer Tools in Research 0
ECO 1401 Economic Reasoning 3
ECO 2501 Principles of Microeconomics 3
ECO 2502 Principles of Macroeconomics 3
ECO 2503 Economy, Society and Government 3
FIN 3701 Corporate Finance 3
MGT 2900 Principles of Management 3
MGT 3940 Business Research Methodology 3
MKT 2280 Principles of Marketing 3

Major Required Courses

Major Required Courses 30 Credits
ECO 3711 Intermediate Microeconomics 3
ECO 3712 Intermediate Macroeconomics 3
ECO 3713 Economics of Money and Banking 3
ECO 3714 Mathematical Economics 3
ECO 3715 Introduction to Econometrics 3
ECO 3716 International Trade 3
ECO 3717 Managerial Economics 3
ECO 4711 International Macroeconomics 3
ECO 4712 Economics of Strategy 3
ECO 4911 Seminar in Economics 3

Major Elective Courses

Major Elective Courses 12 Credits
Student must choose any FOUR major elective courses.
ECO 3721 Industrial Organization 3
ECO 3722 Business Cycle and Forecasting 3
ECO 3723 Public Finance 3
ECO 3724 Comparative Economic Systems 3
ECO 3725 Financial Economics 3
ECO 4721 Project Evaluation 3
ECO 4722 Economics of Human Resources 3
ECO 4723 Agriculture Economics and Agri-business 3
ECO 4724 Economics of E-business 3
ECO 4725 Economics of Sustainability 3
ECO 4726 Business and Government 3
REM 3113 Real Estate Economics 3

Business Concentration Courses

Business Concentration Courses 15 Credits
Student must choose ONE of the following groups of concentration as their business concentration:
Finance and Banking Credits
FIN 3711 Investment 3
FIN 3712 Money and Capital Markets 3
FIN 3713 Business Analysis and Valuation 3
FIN 4813 Financial Management 3
FIN 4815 Bank Management 3
Hospitality and Tourism Management Credits
HTM 3101 Introduction to Hotel Management 3
HTM 3102 Introduction to Tourism Industry Management 3
HTM 3103 Consumer Behavior in Hospitality and Tourism Industry 3
HTM 3205 Marketing for Hospitality and Tourism 3
HTM 3211 Food and Beverage Management 3
International Business Management Credits
IBM 3711 Comparative Management 3
IBM 3713 International Management 3
IBM 3714 Export-Import Policy and Strategy 3
IBM 4811 International Strategic Management 3
MKT 3620 Global Marketing 3
Industrial Credits
IDM 3203 Logistics and Supply Chain Management 3
IDM 3204 Industrial Safety and Risk Management 3
IDM 4201 Manufacturing Planning and Control 3
IDM 4203 Quality Management 3
IDM 4206 Industrial Environmental Management 3
Insurance Credits
INS 3101 Principles of Risk Management and Insurance 3
INS 3201 Property Insurance 3
INS 3202 Casualty Insurance 3
INS 3301 Principles of Life Assurance 3
INS 4206 Essentials of Risk Management 3
Management Credits
MGT 3915 Project Management 3
MGT 3917 Innovation and Change Management 3
MGT 3922 Introduction to New Ventures 3
MGT 4910 Productivity and Quality Management 3
MGT 4916 Negotiation Strategy 3
Marketing Credits
MKT 3525 Sales Management 3
MKT 3530 Consumer Behavior 3
MKT 4725 Competitive Analysis and Strategy 3
MKT 4730 Marketing Management 3
MKT 4809 Marketing for Services 3
Real Estate Credits
REM 3111 Principles of Real Estate 3
REM 3114 Building Design and Construction Techniques 3
REM 3211 Principles of Real Estate Development 3
REM 3212 Real Estate Finance 3
REM 3213 Real Estate Appraisal 3

C. Free Electives Courses 9 Credits

Students can take free elective courses of 6 credits from any faculty in Assumption University upon completion of the prerequisites (if any)


Study Plan

First and Second Years (Freshmen and Sophomore)
During the freshmen year, all students in Business Economics pursue the same study plan consisting of general education courses and business core courses, which provides them with the basic knowledge on all the disciplines in Economics and Business. The study plan also prepares the students with adequate knowledge to select a business concentration that suits his/her ability, background, and preferences.

Third and Fourth Years (Junior and Senior)
During the junior and senior years, Business Economics students follow the Economics program of studies:

  1. Ten Major Required Courses
  2. Four Major Electives Courses
  3. Five Business Concentration Courses
  4. Three Free Elective Courses

First Year

FIRST YEAR
First Semester
Course Code Course Title Credits
BG 1001 English I 3
BG 1200 Mathematics for Business 3
BG 1201 Statistics I 3
ECO 1401 Economic Reasoning 3
GE 1403 Communication in Thai 3
or GE 1401 Language and Communication Skills (For international students) 3
GE 2103 Art of Reasoning 3
  Total 18
Second Semester
Course Code Course Title Credits
ACT 1600 Fundamentals of Financial Accounting 3
BG 1002 English II 3
BG 1230 Calculus 3
BG 2200 Statistics II 3
BIS 1141 Business Software Applications 0
ECO 2501 Principles of Microeconomics 3
MGT 1101 Introduction to Business 3
  Total 18

Second Year

SECOND YEAR
First Semester
Course Code Course Title Credits
ACT 2620 Fundamentals of Managerial Accounting 3
BG 2000 English III 3
GE 1301 Environmental Science 3
BIS 2180 Information Technology 3
ECO 2502 Principles of Macroeconomics 3
MKT 2280 Principles of Marketing 3
  Total 18
Second Semester
Course Code Course Title Credits
BG 2001 English IV 3
BIS 3340 Computer Tools in Research 0
ECO 2503 Economy, Society , and Government 3
ECO 3711 Intermediate Microeconomics 3
ECO 3713 Economics of Money and Banking 3
GE 2202 Ethics 3
MGT 2900 Principles of Management 3
  Total 18

Third Year

THIRD YEAR
First Semester
Course Code Course Title Credits
ECO 3712 Intermediate Macroeconomics 3
ECO 3714 Mathematical Economics 3
FIN 3701 Corporate Finance 3
GE 2101 World Civilization 3
MGT 3940 Business Research Methodology 3
  One Major Elective Course 3
  Total 18
Second Semester
Course Code Course Title Credits
ECO 3715 Introduction to Econometrics 3
ECO 3716 International Trade 3
ECO 3717 Managerial Economics 3
MGT 2404 Managerial Psychology 3
  Two Business Concentration Courses 6
  Total 18

Fourth Year

FOURTH YEAR
First Semester
Course Code Course Title Credits
ECO 4711 International Macroeconomics 3
ECO 4712 Economics of Strategy 3
  Two Business Concentration Courses 6
  Two Major Elective Courses 6
  Total 18
Second Semester
Course Code Course Title Credits
ECO 4911 Seminar in Economics 3
  One Business Concentration Course 3
  One Major Elective Course 3
  Three Free Elective Courses 9
  Total 18