ENGLISH-LANGUAGE
M.S. DEGREE PROGRAM IN
AGRICULTURAL ECONOMICS
Introduction
Over a quarter of century, the Department of Agricultural and Resource Economics of Kasetsart
University was the only institution of higher education in Thailand which offered formal degree training in
agricultural economics. Since the 1960’s there has been a rapid expansion in higher education and this has led to
the establishment of B.S. degree program in agricultural economics in the regional universities. As a result,
starting from 1961 the Department of Agricultural and Resource Economics at Kasetsart University has become
a national center for graduate studies in Agricultural Economics. It became a regional center for short and long
term training for midcareer professionals from the ASEAN member countries Currently there are about 100
students enrolls in this M.S. program
As befitting Thailand’s emerging status of a middle income country, the expansion and specialization of
the graduate study program in agricultural economics has been made possible by a growing cadre of well trained
specialists. At present, the Department has a large number of highly qualified staff. There are more than 20
faculty members who have Ph.D.’s from leading universities. Capacity of the staff is recongnized in a wide
range of fields and has beed actively engaged in research for the Thai government as well as international
agencies.
TEACHING STAFF
There are 24 faculty members who have Ph.D.’s from leading universities. Capacity of the staff is
recognized in a wide range of agricultural and resource economics and has been actively engaged in research for
the Thai government as well as international agencies.
Students will be assigned to an academic advisory committee consisting of a chairman and two
members from the major and minor fields. The committee guides and advises the students in their study plan,
thesis topic selection, research planning, and thesis writing.
ADMISSION
Admission to the program is based on the careful scrutiny and evaluation of following documents by
the Department of Graduate Study Committee :
1) Applicant’s academic records.
Doc.บันทึกโครงการนานาชาติ
2) A certificate of English proficiency test.
3) Three letters of recommendation.
Application forms are available from the Department of Agricultural and Resource Economics,
Kasetsart University at a cost of 260 Baht (US$ 10) per set.
The felled in application form and documents should be submitted to Chairman, International Program
in Agricultural Economics, Department of Agricultural and Resource Economics, Faculty of Economics,
Kasetsart University, Bangkok 10900, Thailand (by November for the first semester enrollment and by May for
the second semester enrollment). Fax : 66-2-561-3467, 942-8047 . E-mail : fecoare @ nontri.ku.ac. th.
ACADEMIC YEAR
Second semester : November-March
Summer Session : April-May
First semester
: June-October
TUITION FEES AND OTHER CHARGES
Tuition, academic fee, and administrative costs (including a 3-month refresher course, 4 semesters, and
2 summer) are approximately US$ 6,000.Curriculum
1. Total credit requirement 38 credits
1.1 Major field
Core course
11 credits
Elective
9 credits, at least
1.2 Minor field
6 credits, at least
1.3 Thesis
12 credits
2. Course work
* Total credit in 1.1 and 1.2 must be at least 26 credits
A. Major Field: The major field consists of
Core Course:
119581 Quantitative Analysis in Agricultural Economics I
119583 Quantitative Analysis in Agricultural Economics III
119591 Advanced Research Methodology in Agricultural Economics
Doc.บันทึกโครงการนานาชาติ
119597 Seminar (3 semester, one credit per semester)
Elective
119511
119521
119522
119531
119532
119541
119551
119553
119554
119561
119562
119563
119572
119582
119598
Economics of International Comparative Agricultural
Farm Management
Analysis of Agricultural Production Economics I
Agricultural Market and Price Analysis
Economics of Futures Market in Agricultural Economics
Agricultural Finance
Agricultural Resource Economics
Economics of Aquaculture
Fishery Resource Economics
Agricultural Policy
Agricultural Development Economics
International Agricultural Trade and Policy
Agribusiness Management
Quantitative Analysis in Agricultural Economics II
Special Problems
B. Minor field
Students are required to take graduate level courses in microeconomic theory and
macroeconomic theory. One additional elective course in economics automatically makes
economics a minor field.
C. Thesis at least 12 credits
COURSE DESCRIPTION
119511 Economics of International Comparative Agriculture (3), 3-0
Food and agricultural problems of the world and specific countries. Effects of agricultural
structure and institutions on differences in farm production and income across countries. Differences in agricultural
development and special emphasis on developing countries of Asia.
Doc.บันทึกโครงการนานาชาติ
119521 Farm Management (3), 3-0
Anglysis of farming practices through case study method. Farm planning and budgeting
under changing economic, social and technological conditions using linear programming, game theory and simulation
methods. Field trips are included.
119522 Analysis of Agricultural Production Economics I (3), 3-0
Agricultural production economic theory under static and dynamic situations. Analysis of
allocation of factors of production, production efficiency, demand for factors of production and supply of agricultural
products, costs of production and farm growth. Comparative studies of agricultural areas. Application of linear
programming.
119531 Agricultural Market and Price Anlysis (3), 3-0
Construction of market models for analysis of various marketing conditions. Anlysis of
changes in marketing institutions resulting from problems and different production policies, prices and agricultural
marketing
119532 Economics of Futures Market in Agriculture (3), 3-0
Economics of present and future trading. Theory of future trading. Risk bearing in
marketing. Future trading prediction.
119541 Agricultural Finance (3), 3-0
Problems in agricultural funds. Short-run and long-run demand for credit. Credit
institutions. Public credit policy. Financial analysis of farmers and credit institutions. Principles of control credit. Costs
of credit and ways of cost reduction. Problems and policies on agricultural credit in Thailand.
119551 Agricultural Resource Economics (3), 3-0
Economics theories relevant to resource use and management. Concept of joint production and joint costs.
External effects of resource decisions. Application of public finance, welfare economics, and capital theory. CostCost-benefit analysis of investment projects. Investment and management problems in water resources, outdoor
recreation, forestry and fisheries. Economics problems of the pollution of environments and controls of environmental
quality.
119552 Land Economics (3), 3-0
Demand for and supply of land. Theory of land rent. Analysis of land development. Land use.
Land conservation. Land problems and policies. Agricultural land tenure. Economics of tenancy and land reform.
Doc.บันทึกโครงการนานาชาติ
119553 Economics of Aquaculture (3), 3-0
Application of economic theory to the analysis of aquaculture economics taking into account
physical factors, biological factors and environmental factors. Bio-economic model of aquaculture. Economic
optimization technique in aquaculture. Simulation in the economic analysis of aquaculture, Socio-economics and
social-welfare in aquaculture practice.
119554 Economics of Fishery Resources (3), 3-0
The concept of common property for fishery resources. Bio-economic model of fishery resources.
Economic theory as applied to the economic aspects of fishery resources management. Supply and demand for fishery
resources. Advanced dynamic analysis in maximizing social welfare from fishery exploitation.
119561 Agricultural Policy (3), 3-0
Analysis of agricultural policy and planning with emphasis on the role of agriculture in the
economic and social development. Thailand’s agricultural policy formulation. World and regional agricultural
policies.
119562 Agricultural Development Economics (3), 3-0
Role of agriculture in economic development. Agricultural economic problems in developing
countries. Theories of economic and social growth. Economic growth models. Development models of agricultural
sector. Relationship between consumption and agricultural production and agricultural development. Planning and
agricultural development policies.
119563 International Agricultural Trade and Commercial Policy (3), 3-0
Patterns of international trade in agricultural commodities. Competitive areas. Changes in
comparative advantage of agricultural trade. Policies and practices of exporting and importing countries.
Relationship between domestic and international agricultural policies. European common market trade policies.
Present plan for the development of trade in agricultural commodities and for the cooperation in international
agricultural trade.
119572 Agribusiness Management (3), 3-0
Domestic and export structure and business system of agricultural commodities. Management and
business administration of agribusiness unit. Budgeting, financial and price analysis of agribusiness unit.
Doc.บันทึกโครงการนานาชาติ
119581 Quantitative Analysis in Agricultural Economics I (3), 3-0
Construction of mathematical economic models applied to theories and problems of agricultural
economics. Economic models concerning economic growth under certainty and uncertainly of agricultural sector.
119582 Quantitative Analysis in Agricultural Economics II (3), 3-0
Mathematical analysis of agricultural economic problems. Analysis of linear programming and nonlinear programming applied to production firms and agricultural industry. Economics of transportation models.
Analysis of partial equilibrium of markets, production forms and agricultural industry.
119583 Quantitative Analysis in Agricultural Economics III (3), 3-0
Application of advanced statistical principles and theories to agricultural economic problems.
Statistical prediction and estimation. Estimation of regression coefficients and practical solution to the regression
problems. Application of regression analysis to agricultural economic models. Hypothesis testing. Statistical
interpretation of outcome of analysis. Econometric aspects of regression equations.
119591 Research Methodology in Agricultural Economics (3), 3-0
Analysis of research methodology. Formulation of problems. Formulation and testing of hypothesis.
Forms of research proposal. Statistical techniques used in research. Research problems and guides in agricultural
economics. Some examples of analytical techniques.
119597 Seminar (1-3)
119598 Special Problems (1-3)
Graduate research submitted as a report.
119599 Thesis (1-12)
Itemized Expenses
Cost of Study Program
 Tuition Fee (45 Credits X 2000)
 University and Faculty (6000X5)
 Library Fee (1500 X 5)
 EDITING THESIS
Baht
Baht
Baht
Baht
90,000
30,000
7,500
15,000
Doc.บันทึกโครงการนานาชาติ
 REFRESHER COURSE (10,000X1)*
Baht 10,000
 MISCELLINOUS
Baht
300
(Economics Magazine per year = B 100 and ID Card = 100)
Grand Total
Baht 152,800
Remark : * Refresher Courses Study for the Pre-first semester
1. Cost of Study Program for First semester
 Tuition Fee (12 Credits X 2000)
 University and Faculty
 Library Fee
 Refresher Course (10,000X1)*
 Another expense per year
Total
Baht
Baht
Baht
Baht
Baht
Baht
24,000
6,000
1,500
10,000
200
41,700
Remark : * Refresher Courses Study for the Pre-first semester
2. Summer Semester
 Tuition Fee (4 Credits X 2000)
 University and Faculty
 Library Fee
TOTAL
3. Second Semester
 Tuition Fee (12 Credits X 2000)
 University and Faculty
 Library Fee
TOTAL
Baht 8,000
Baht 6,000
Baht 1,500
Baht 15,500
Baht 24,000
Baht 6,000
Baht 1,500
Baht 31,500
Doc.บันทึกโครงการนานาชาติ
4. Third Semester
 Tuition Fee (8 Credits X 2000)
 University and Faculty
 Library Fee
 Another Expense Per Year
TOTAL
5. Fourth Semester
 Tuition Fee (9 Credits X 2000)
 University and Faculty
 Library Fee
 Editing Tjesis
TOTAL
Baht 16,000
Baht 6,000
Baht 1,500
Baht
100
BAHT 23,600
Baht 18,000
Baht 6,000
Baht 1,500
Baht 15,000
Baht 40,500
Contact to
Asst.Prof. Dr. Pemporn Janekarnkij, Chairperson Tel 0-2579-8547,0-2561-3467, 0-29428649-51 ext.127
Dr. Charuk Singhapreecha, Secretary. Tel 0-2579-8547,0-2561-3467, 0-29428649-51 ext.135
Ms.Kantima Chanamphai, Staff. Tel 0-2579-8547,0-2561-3467, 0-29428649-51 ext.102
Doc.บันทึกโครงการนานาชาติ