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A degree in Economics would open a wealth of opportunity by allowing graduates to better understand the global dynamics that is shaping the future.The Martin de Tours School of Management and Economics, Assumption University has a long-standing reputation in business education, which is the core strength of the Department of Business Economics. The program is designed to develop the numerical and analytical skills in creative and innovative ways. Through encouraging intellectual curiosity, and critical reflection, ethical deliberation, students would be prepared for the most challenging career opportunities in the future. Students are offered a choice from three areas of specialization – Business Administration, Economics, and Accounting. With a flexible curriculum students can design their own learning experience to prepare them for the future career of their choice.

Future career opportunities are strengthened through the areas of specialization. Graduates with BBA specialization can choose to work as a financial risk or investment analyst in insurance companies, investment funds, or even in the public sector. Financial risk analysts are critical in the process of risk management to evaluate and predict events that might negatively impact the financial stability of the respective organization. The Economics specialization offers graduates an understanding about the trend in trade and economics. Graduates can become economic consultants, study economic and statistical data encompassing many disciplines. As a result, graduates can complete various analytics regarding economic phenomena and possible scenarios. Those with the Accounting specialization might work for financial consultancy companies as auditors, who are responsible for reviewing the financial status and accounts of organizations.

The Business Economics program also has a strong collaboration with the University of Essex, which is ranked in the top 50 for social sciences. The University of Essex ranks among the top 20 universities in the UK for the quality of its research and the top 5 for social science. Students of the Business Economics program can choose the option of 3+1 program. For this program students would spend three years at Assumption University plus one year at the University of Essex. Graduates would receive a Bachelor’s Degree from Assumption University and a Masters Degree from the University of Essex.

Chairperson

Lo, Shih-Tse

Shih-Tse Lo Ph.D.

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Curriculum Brief

B.ECON. Degree

  • Study According to Study Plan
  • Mix and match among various concentration/professional certificates to meet 21 credits. 
    • At least 15 credits must be MSME courses.
    • Those who would like to take less than 15 credits (more courses in other faculties) must submit a petition to the Chairperson of Business Economics Department
    • Submit a petition to the Registrar Office to issue a document certifying business concentration(s) and professional certificates.

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, business core courses, and major required 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/a business elective course 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. Seven Major Required Courses
  2. Five Major Electives Courses
  3. Five Business Concentration Courses
  4. Two Free Elective Courses

During a senior year, students also have an option to pursue their study in the University of Essex (United Kingdom), and transfer their credits into Major Elective and Business Elective Courses.

Study Plan
Course Code Course Title Credit Prerequisites
BG14031 Profressional Ethic Seminar I 0
BG1001 English I 3
BBA1001 Business Exploration 1
BBA1101 Seminar in Business I 3
BEC1301 Foundations of Mathematics and Logic 3
BEC1401 Thinking as an Economist 3
GE1302 Ecology and Sustainability 3
GE1403 Communication in Thai 3 Thai Students Only
or GE1405 Thai Language and Culture For International Students
or GE1408 Thai Usage For Students Who Graduated from International Schools
Total 18
Course Code Course Title Credit Prerequisites
BG14032 Profressional Ethic Seminar II 0
BG1002 English II 3 BG1001
BAC1621 Accounting for Economists 3
BEC1101 Microeconomics 3
BEC1201 Macroeconomics 3
BEC1301 Basic Probability Theory and Statistics 3
GE2102 Human Heritage and Globalization 3
Total 18
Course Code Course Title Credit Prerequisites
BG14033 Profressional Ethic Seminar III 0
BBA1104 Fundamentals of Marketing 3 BBA1001
BBA2102 Organization and Management 3
BEC2301 Calculus I 3 MA1200
BEC2303 Fundamentals of Econometrics 3
BEC2401 Information Literacy Skills 3
BG2000 English III 3 BG1002
Total 18
Course Code Course Title Credit Prerequisites
BG14034 Profressional Ethic Seminar IV 0
BG2001 English IV 3 BG2000
BBA2001 Human Behavior 3
BBA2106 Seminar in Business II 1
BEC2101 Microeconomics II 3
BEC2102 Economic Decision Making for Management 3
BEC2302 Calculus II 3
BEC2304 Business and Economic Forecasting 3
Total 19
Course Code Course Title Credit Prerequisites
BG14035 Profressional Ethic Seminar V 0
BEC3101 Firms, Competition, and Market Structure 3
BEC3201 Macroeconomics II 3
BEC3301 Computer Tools for Economic Analysis 3
BEC3402 Ethics and Economics 1
BBA2103 Corporate Finance 3
GE2202 Ethics 3
One Business Elective Course 3
Total 19
Course Code Course Title Credit Prerequisites
BG14036 Profressional Ethic Seminar VI 0
BEC3102 Competitive Strategy 3
BEC3302 Quantitative Methods in Economics 3
BEC 3303 Data Analysis in Business and Economics 3
BEC 3401 Professional Communication in Economics 3
One Business Elective Course or Professional Certificates Course 3
One Major Elective Course 3
Total 18
Course Code Course Title Credit Prerequisites
BG14037 Professional Ethic Seminar VII 0
BEC4401 Senior Project 3
3 Business Elective Courses or Professional Certificates Course 9 Consult Course Prerequisites
One Major Elective Course 3 Consult Course Prerequisites
Total 15
Course Code Course Title Credit Prerequisites
BG14038 Profressional Ethic Seminar VIII 0
3 Major Elective Courses 9 Consult Course Prerequisites
2 Free Elective Courses 6 Consult Course Prerequisites
Total 15
Major Required Courses (40 Credits)

Minimum passing grade is C

Subject Subject Name
BEC 1302 Basic Probability Theory and Statistics
BEC 2101 Microeconomics II
BEC 2102 Economic Decision Making for Management
BEC 2301 Calculus I
BEC 2302 Calculus II
BEC 2303 Fundamentals of Econometrics
BEC 2304 Business and Economic Forecasting
BEC 3101 Firms, Competition and Market Structure
BEC 3102 Competitive Strategy
BEC 3201 Macroeconomics II
BEC 3302 Quantitative Methods in Economics
BEC 3303 Data Analysis in Business and Economics
BEC 3402 Ethics and Economics
BEC 4401 Senior Project
Major Electives (15 Credits)

Minimum passing grade is D

Subject Subject Name
BEC 3403 Monetary Economics
BEC 3404 Labor Economics
BEC 3405 Economic Valuation of Projects
BEC 3406 Public Economics
BEC 3407 Economic Development in Historical Context
BEC 3408 Economics of Sustainability
BEC 3409 International Finance
BEC 3410 Asset Pricing
BEC 3411 International Trade
BEC 4001 Internship
BEC 4101 Microeconomics III
BEC 4102 Microeconomics IV
BEC 4201 Macroeconomics III
BEC 4202 Macroeconomics IV
BEC 4301 Advanced Econometrics I
BEC 4302 Advanced Econometrics II
BEC 4303 Applied Economics I
BEC 4304 Applied Economics II
BEC 4402 Special Topics in Economics
BEC 4403 Honor Thesis
Certificates

Default passing grade is D.

Some Certificates May have Additional Requirements and Passing Grade (Stated in Certificate Details)

MSME Certificates

1. Digital Business Management

Subject Subject Name Prerequisites
BDM3201 Digital Business
BDM3202 Digital Commerce
BDM3203 Cybersecurity
BDM3204 Enterprise Resource Planning
BDM3205 Information Systems Strategy, Management, and Acquisition

2. Entrepreneurship and Innovation Management

Subject Subject Name Prerequisites
BEN3201 Innovation and Design Thinking BBA2102
BEN3202 Entrepreneurial Commercialization BBA1104
BEN3304 Project Management BBA2102
BEN4212 Growth Mindset and Sustaining Organization
BEN4214 Entrepreneurial Strategic Management Senior Standing

3. Finance

Subject Subject Name Prerequisites
BFN3220 Investment Strategy and Applied Valuation BBA2103, completion of 80 credits
BFN3222 Financial Modeling and Analysis Tools , completed 80 credits
BFN4320 Personal Wealth Management and Financial Planning BBA2103, completion of 100 credits
BFN4421 Portfolio Management and Analysis BFN3220, completion of 100 credits
BFN4431 Startup Finance and FinTech BBA2103, completion of 100 credits

4. Hospitality and Tourism Management

Subject Subject Name Prerequisites
BHT3201 Introduction to Hospitality and Tourism Management BBA1104
BHT3202 Consumer Behavior in Hospitality and Tourism BBA1104
BHT3203 Food and Beverage Management BBA2102
BHT3204 Personality and Communication in Hospitality and Tourism BBA2102
BHT3205 Marketing for Hospitality and Tourism BHT3201

5. Risk Management and Insurance

Subject Subject Name Prerequisites
For 65x and Newer Students
BRM3211 Risk Management and Insurance
BRM3221 Property Insurance BRM3211
BRM3222 Casualty Insurance BRM3211
BRM3223 Life Assurance BRM3211
BRM4311 Personal Risk Management BRM3211
For 63x and 64x Students Only
BIR3211 Risk Management and Insurance
BIR3221 Property Insurance BIR3211
BIR3222 Casualty Insurance BIR3211
BIR3223 Life Assurance BIR3211
BIR4311 Employee Benefits BIR3211

6. International Business Management

Subject Subject Name Prerequisites
BIB3201 Cross Cultural Human Resource Management BBA2104
BIB3202 Export Import Policy and Strategy BBA2104
BIB3203 Global Business in Practice BBA1104
BIB3204 International Management BIB3201
BIB4209 International Strategic Management BIB3204, Completed 118 Credits

7. Marketing

Subject Subject Name Prerequisites
BMK3201 Consumer Behavior BBA1104, BBA2001
BMK3202 Digital Marketing BBA1104
BMK3203 Brand Driven Innovation BBA1104
BMK3204 Competitive Analysis and Strategy BBA1104 and completed 75 credits
BMK4302 Contemporary Issues in Marketing BBA1104 and completed 75 credits

8. Real Estate

Subject Subject Name Prerequisites
BRE3201 Real Estate Business BBA1001
BRE3202 Real Estate Law
BRE3203 Real Estate Economics BBA1002, BBA2002
BRE3204 Building Design and Construction Techniques
BRE3205 Real Estate Development BRE3201

9. Supply Chain Management

Subject Subject Name Prerequisites
BSC3201 Logistics and Supply Chain Management BBA2102
BSC3203 Lean Manufacturing and Agile Supply Chain BSC3201
BSC3204 International Transportation and Distribution Management BSC3201
BSC3205 Warehousing and Material Handling BSC3201
BSC4302 Procurement and Supply Management BBA2105

10. FinSurance

Subject Subject Name Prerequisites
BFN3211 Investment Strategy and Applied Valuation BBA2103, Completed 80 credits
BFM4314 Personal Wealth Management and Financial Planning BBA2103, Completed 100 credits
BFM4431 Startup Finance and FinTech BBA2103, Completed 100 credits
BRM3211 Risk Management and Insurance
BRM3221 Property Insurance BRM3211

11. Global Supply Chain Strategy

Subject Subject Name Prerequisites
BIB3202 Export Import Policy and Strategy BBA2104
BDM3204 Enterprise Resource Planning
BSC3204 International Transportation and Distribution Management *Only for taking BSC3204 as Business Concentration -BBA2105
BSC3205 Warehousing and Material Handling *Only for taking BSC3205 as Business Concentration - BBA2105
BIB4406 Global Supply Chain Management BIB3202
Business and Economic Data Analysis
Subject Subject Name Prerequisite
BEC2303 Fundamental of Econometrics
BEC2304 Business and Economic Forecasting
BEC3303 Data Analysis in Business and Economics
Creative Idea Development
Subject Subject Name Prerequisite
BEN3201 Innovation and Design Thinking BBA2102
BEN3202 Entrepreneurial Commercialization BBA1104
BEN3406 Legal Aspects and IP of Entrepreneurship
Cross Cultural Business Studies
Subject Subject Name Prerequisite
BIB3201 Cross Cultural Human Resource Management BBA2104
BIB3204 International Management BIB3201
BIB3404 Cross Cultural Communication, Conflict and Negotiation BIB3201
Airline Business Management
Subject Subject Name Prerequisite
BHT3407 Introduction to Airline Business Management
BHT3408 Ground Operation Management
BHT3409 In flight Service Management
Food and Beverage Operation for Restaurant
Subject Subject Name Prerequisite
BHT3404 Food and Beverage Service
BHT3405 Kitchen Operation
BHT3406 Catering, Bakery, and Pastry
Tourism and MICE
Subject Subject Name Prerequisite
BHT3414 Tour Guiding and Operation in Practice
BHT3415 Tourist Destination Management
BHT3416 Introduction to MICE Business
Advanced Investment and Risk Management
Subject Subject Name Prerequisite
BFN3211 Investment Strategy and Applied Valuation BBA2103 and Completion of 80 credits
BFN3224 Derivatives and Risk Management BFN3211 and Completion of 80 credits
BFN4421 Portfolio Management and Analysis BFN3211 and Completion of 121 credits
Business Startup
Subject Subject Name Prerequisite
BEN4214 Entrepreneurial Strategic Senior Standing
BEN4418 Current Issues in Entrepreneurship and Innovation Senior Standing
BEN4420 Creative Industries Entrepreneurship Senior Standing
Global Supply Chain Management
Subject Subject Name Prerequisite
BIB3202 Export Import Policy and Strategy BBA2104
BIB4305 Designing and Managing Global Operations BBA2105
BIB4406 Global Supply Chain Management BIB3202
Risk Management and Insurance
Subject Subject Name Prerequisite
For 65x and Newer Students
BRM3211 Risk Management and Insurance
BRM3221 Property Insurance BRM3211
BRM3223 Life Assurance BRM3211
For 63x and 64x Students only
BIR3211 Risk Management and Insurance
BIR3221 Property Insurance BIR3211
BIR3223 Life Assurance BIR3211
Digital Commerce
Subject Subject Name Prerequisite
BDM3201 Digital Business
BDM3202 Digital Commerce
BDM3203 Cybersecurity
Innovative Technology
Subject Subject Name Prerequisite
BDM3401 Artificial Intelligence (AI)
BDM3402 Blockchain and Financial Technology
BDM3403 Robotic Process Automation
Data Science
Subject Subject Name Prerequisite
BDM3301 Data Analytics Fundamentals
BDM3302 Data Management
BDM3303 Data Mining
Digital Marketing
Subject Subject Name Prerequisite
BMK3410 Digital Consumer Insights BMK3202
BMK3411 Content Marketing BMK3202
BMK4403 Digital Media Strategy BMK3202
Modern Marketing
Subject Subject Name Prerequisite
BMK3412 Experiential Marketing BBA1104
BMK3413 Lifestyle Marketing BBA1104
BMK4401 Sustainability Marketing BBA1104
Real Estate Business in Practices
*Only Real Estate Students
*Minimum Passing Grade is C
Subject Subject Name Prerequisite
BRE4411 Advanced Real Estate Investment BRE4301
BRE4412 Contemporary Issues in Real Estate Business BRE3205
BRE4451 Internship in Real Estate Business Approval by Chairperson
Commercial Property Management
Subject Subject Name Prerequisite
BRE3201 Real Estate Business BBA1001
BRE3303 Commercial Property Management BRE3201
BRE4431 Contemporary Issues in Commercial Property Management BRE3303
Real Estate Business
Subject Subject Name Prerequisite
BRE3201 Real Estate Business BBA1001
BRE3205 Real Estate Development BRE3201
BRE3422 Implications of Real Estate Finance and Appraisal
Commercial Property Management
Subject Subject Name Prerequisite
BSC3203 Lean Manufacturing and Agile Supply Chain *Only for taking subject as 9 credits certificate - BBA2105
BSC3204 International Transportation and Distribution Management *Only for taking subject as 9 credits certificate - BBA2105
BSC4302 Procurement and Supply Management BBA2105
Catering, Bakery and Pastry
Subject Subject Name Prerequisite
BHT3406 Catering, Bakery and Pastry
Tour Guiding and Tour Operation
Subject Subject Name Prerequisite
BHT3410 Perfecting Personality for Career and Life
Tour Guiding and Tour Operation
Subject Subject Name Prerequisite
BHT3414 Tour Guiding and Operation in Practice
Certificates from Other School/Faculty

Maximum of 12 Credits from Other Faculty/School.

Please double check prerequisites and minimum grade required to pass with respective schools that offer the certificates.

LOUIS NOBIRON SCHOOL OF MUSIC
Minimal Passing Grade is C
Music Business (6 Credits)
Subject Subject Name Prerequisite
MB2531 Music Business
MB2532 Music Industry MB2531
Music Appreciation (6 Credits)
Subject Subject Name Prerequisite
MU1001 Music Appreciation
MU1702 Popular Music Appreciation
Pop Song Writing (3 Credits)
Subject Subject Name Prerequisite
MB1131 Pop Songwriting
Music Therapy (3 Credits)
Subject Subject Name Prerequisite
MU3602 Music Therapy
Music Performance (6 Credits)
Subject Subject Name Prerequisite
MA1301 Applied Music I
MA1302 Applied Music II MA1301
MA2301 Applied Music III MA1302
VINCENT MARY SCHOOL OF SCIENCE AND TECHNOLOGY
Minimal Passing Grade is C
Mobile Application Design and Development (9 credits)
Subject Subject Name Prerequisite
ITX3001 Fundamentals of Computer Programming
ITX2004 or DM3403 UI/UX Design and Prototyping or UI and UX Design (offered by Albert Laurence School of Communication Arts)
CSX4108 or CSX4109 iOS Application Application Development or Android Application Development
IoT Business Applications (9 Credits)
Subject Subject Name Prerequisite
ITX3001 Fundamentals of Computer Programming
CSX 2009 Cloud Computing
CSX4306 Internet of Things
MONTFORT DEL ROSARIO SCHOOL OF ARCHITECTURE
Minimal Passing Grade is D
Architectural Business (12 credits)
Select 4 courses out of the list
Subject Subject Name Prerequisite
AR 5417 or IND4301 Project Management or Design Management
IND 4409 Brand Experience in Art and Design
AR 4106 Method of Research and Data Processing
AR 5407 Real Estate Development
AR 5425 Project Feasibility Study
Design and Imagination (12 credits)
Select 3 courses
Subject Subject Name Prerequisite
GS1004 Art of Delineation
AR1002 or IN1101 or IND1101 Visual Studies and Communication or Visual Study in Interior Architecture or Visual Design
GS1006 or IN2106 Creative Culture and Trends in Design or Contemporary Issues in Design
IND1103 Interior Design Rendering
IND1306 Design Fundamentals I
And Select 1 Specialized course
IND1307 Design Fundamentals II
IND 2308 or IND4410 Furniture Design and Production or Furniture Design and Production
IND2309 or IND2306 Material Application in Interior Architecture or Material and Application for IND
IND4407 Decorative Art
IND4409 Brand Experience in Art and Design
AR5405 Individual Study in Architecture
AR5409 Architectural Psychology
Lighting Design (12 credits)
Select 1 course
Subject Subject Name Prerequisite
GS1006 or IN2106 Creative Culture and Trends in Design or Contemporary Issues in Design
IND1104 Human Factors in Design
And Select 3 Specialized course
AR5415 or IND4307 Interactive Features Design or Interaction Design
IN2304 or IND3306 Lighting Design for Interior Architecture or Lighting Design
AR5420 Lighting, Perception, and Culture
History and Culture (ART) (12 credits)
Select 1 course
Subject
GS1006 or IN2106 Creative Culture and Trends in Design or Contemporary Issues in Design
And Select 3 Specialized course
AR1108 or IN1105 or IND2301 History of Art and Architecture or Art and Architectural History or History of Interior Design
AR3109 History of Thai Architecture
IN5417 Art Appreciation
IND4407 Decorative Art
THEODORE MARIA SCHOOL OF ARTS
Minimal Passing Grade is C
Chinese for Beginners I (3 Credits)
Subject Subject Code Prerequisites
CN0400 Chinese for Beginners I
Listening and Speaking (3 credits)
Subject Subject Code Prerequisites
EN2230 Listening and Speaking BG1002
English for Tourism (3 credits)
Subject Subject Code Prerequisites
EN3281 English for Tourism BG2000
Japanese for Beginners I (3 credits)
Subject Subject Code Prerequisites
JA0721 Japanese for Beginner I
ALBERT LAURENCE SCHOOL OF COMMUNICATION ARTS
Minimal Passing Grade is C
. Art and Design for Communication (9 credits)
Select 3 courses
Subject Subject Code Prerequisites
ART1208 Computer Graphics Foundation
ART2311 Photography
ART1001 Drawing ART0011
ART3924 Print Making
THEOPHANE VERNARD SCHOOL OF BIOTECHNOLOGY
Minimal Passing Grade is D
Getting Start with Biotechnology (9 credits)
Subject Subject Code Prerequisites
FBT1001 Overview of Agro-Industry (Need Info)
FBT1002 Biotechnology for Beginner (Need Info)
FBT4009 Everyday Uses of Bio-Based Products (Need Info)
Food and Well-being (9 credits)
Subject Subject Code Prerequisites
FT1001 Food Technology Exploration
FT4133 Introduction to Wine Appreciation
FT4134 Food Health and Beauty (Need Info)
BERNADETTE DE LOURDES SCHOOL OF NURSING SCIENCE
Minimal Passing Grade is C
Basic Life Support (3 credits)
Subject Subject Code Prerequisites
NE 4504 Basic Life Support
Free Electives Not Permitted by MSME

Students are not permitted to take any of the free electives in the following list.  These subjects will not be counted towards graduation.

Course Course Name Credit
ACT1601 Fundamentals of Financial Accounting 3
ACT1602 Fundamentals of Financial Accounting 3
BAC1103 Fundamentals of Financial Accounting 3
BAC1601 Fundamentals of Financial Accounting 3
BAC1602 Fundamentals of Financial Accounting I 3
BAC1603 Fundamentals of Financial Accounting II 3
BAC1621 Accounting for Economists 3
BEC2200 Introduction to Economics 3
BEC1101 Microeconomics I 3
BEC1201 Macroeconomics I 3
BEN3001 Entrepreneur and Innovation 3
BG1301 Fundamentals of Statistics 3
BG1400 Business Law  I 3
BG1401 Business Law  II 3
ECO2202 Macroeconomics 3
ECO2531 Principles of Microeconomics 3
ECO2541 Principles of Macroeconomics 3
GE1101 Thai Civilization 3
GE1103 Thai Historical Perspectives 3
GE1203 Society, Politics and Economics 3
GE1207 Fundamental Psychology 3
GE1301 Environmental Science 3
GE1403 Communication in Thai (for Thai students only) 3
GE1404 Thai Culture and Tradition 3
GE1405 Thai LanguaGEand Culture (for International students) 3
GE1408 Thai usaGE(for students who graduated from international schools) 3
GS1008 Applied Mathematics 3
MA1000 Business Mathematics and Statistics 3
SA1201 Statistics I 3
SA2200 Statistics II 3
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