Master of Economics Program in Finance Economics

Program Name  
Master of Economics Program in Financial Economics

Degree Name  
Master of Economics (Financial Economics)
M.Econ. (Financial Economics) 

Philosophy and/or Objectives of the Program

1. Principle and Rationale of the Program Revision

Changes in current economic and financial situations in the world have taken place very rapidly. There have been much expansion in financial and capital markets at the bilateral, multilateral and regional levels. The developments in financial markets have become more complex and dynamic. Due to the increase in economic and financial integration among countries in the world, economic changes in one country will have rapid, extensive and widespread impact on other countries. Like many other countries, Thailand has begun to encounter more adverse economic effects which have occurred more frequently. However, this has given Thailand the opportunity to upgrade the country’s competitiveness in the world market.

Hence it is essential for Thailand to establish appropriate strategies to achieve the maximum benefits from the current globalization and be protected from future financial crisis

To support Thailand’s economic development, one of the problems that needs to be solved with urgency is the lack of professionals in financial economics, especially people who have competency in understanding the working mechanism of the economy and the ability to link economic data with financial analysis through the use of efficient analytical tools.

School of Development Economics realized the problem of shortage of manpower needs in the rapidly expanding financial sector and has acted timely in response to the problem. To alleviate this problem, the School has developed the Master of Economics Program in Financial Economics to produce human resources who have the knowledge performance capability, vision and ethics in financial economics. At present there is a great shortage of financial economists with such qualifications. Graduates are capable to analyze economic situations and their impacts on business organizations in the financial and other production sectors. These professionals in financial economics have enough tools to carryout their analyses and operations in time to take action.

To meet the learning and instructional objectives of the program and to respond to the increasing labor market demand for economic graduates with fields of specialization, Master of Economics Program in Financial Economics places great emphasis on 3 educational core areas: economic theory, financial theory and analytical theory and research tools in economic analysis. The program aims to produce graduates who understand the working of the economy and are capable of using analytical tools efficiently in linking economic theory and financial analysis.

 School of Development Economics has produced graduates in development economics and business economics for more than 20 years. The School has qualified and experienced faculty and staff members in the field of financial economist. The School has the readiness, flexibility and potential to carryout Master of Economics Program in Financial Economics with efficiency.

 2.  Objectives of the Program:

      The School aims to produce highly qualified financial economists who have the     knowledge and capability in the application of financial economics. Graduated of         the program will be working in various professions in the financial and other  production sectors.

 

Prospective Student’s Qualifications

1. Students Enrolled in Weekday Classes (during Public Office Hours)

           The student must hold a bachelor’s degree or its equivalent or have the equivalent academic status approved by National Institute of Development Administration Board of Trustees. If the prospective student graduates from a private or a foreign educational institution, his/her degree must be accredited by Office of the Commission for Higher Education or Office of Civil Service.

2.  Students Enrolled in Evening Classes (after Public Office Hours) and Weekend Classes

         If the prospective student graduates from a private or a foreign educational institution, his/ her degree must be accredited by Office of the Commission for Higher Education or Office of  Civil Service.

        The student must have at least 1 year of work experience after the completion of an undergraduate degree.

         The qualifications of a perspective student are subject to changes in accordance with National Institute of Development Administration announcements.

Education System

An academic year is divided into 2 semesters: first and second. Summer session may be open. Each regular semester comprises 16 weeks, and 8 weeks for a summer session. The classroom hours of each course in the summer session must be equivalent to the ones in the regular semester.

 Period of Study for the Degree

A student must complete the degree with the minimum requirements of a year and a half in the program within five years

Registration

In the regular semester the student must register for at least 9 credit hours and not more than 12 credit hours.

In the summer session, the student must register for at least 3 credit hours and not more than 6 credit hours.

Program

            17.1 Number of Credit Hours: Total number of program credit hours=36

            17.2 Program Structure

Plan A (2)

A  study of 24 credit hours of theoretical courses: non-credit remedial courses, 3 credit hours of basic courses, 6 credit hours of core courses, 15 credit hours of major courses, 12 credit hours of thesis and a comprehensive examination.

Plan B

A study of 36 credit hours of theoretical courses: non credit remedial courses, 3 credit hours of basic courses, 6 credit hours of core courses, 15 credit hours of major courses, 9 credit hours of elective courses, 3 credit hours of independent study and a comprehensive examination.

 

Courses Category

Program Structure Plan A (with a Thesis)

Program Structure Plan B

1. Remedial courses

15 credits (non credit)

15 credits (non credit)

2. Basic courses

3 credits

3 credits

3.Core courses

6 credits

9 credits

4. Major courses

15 credits

15 credits

5. Elective courses

-

9 credits

6.Independent study

-

3 credits

7.Thesis

12 credits

 

8.Comprehensive examination

The Comprehensive examination consists of a Written Examination

The Comprehensive examination consists of a written examination and an oral examination

Total

36 credits

36 credits

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