Course Description

Course Description

Basic Course

EX 5001    Essentials of Economics 3  Credits

Students will learn essential and fundamental concepts in economics which will enable them to understand and analyze relevant issues. Key ideas and important terminology in both microeconomics and macroeconomics will be introduced. Additionally, current economic issues will be discussed.

EX 5002    Data Analysis for Executive Decision                 3 Credits

This course is an introduction to quantitative and qualitative tools for economic and business data analysis. The course covers topics including primary data collection, interview, questionnaire design, focus group conduct, brainstorming, sources of secondary data, descriptive statistics, graphical analysis, and calculation and interpretation of mean and variance.


Core Courses

EX 6001    Analysis of Open Economy 3 Credits

Students will learn the macroeconomic analysis of an open economy. This course focuses on the interaction between household and business and the effectiveness of government policy in the open market economy. Long run growth and short run fluctuations of a nation in an increasingly connected world are explored. Also, current challenges in global economic issues are investigated.

EX 6002    Managerial Economics 3 Credits

Managerial Economics is the application of economic theory and methodology to managerial decision making problems within various organizational settings such as a firm or a government agency.  The course focuses on demand analysis and estimation, production and cost analysis under different market conditions, forecasting and decision making under uncertainty. Students taking this course should have some background in economics and basic algebra




EX 6003    Economic Policy 3 Credits

This course is a study of the foundation of economic policy formulation. The course recognizes the importance of free market economy, discusses market failures, market imperfections and identifies conditions for government interventions in the economy. Economic policies are designed to achieve the three key economic objectives, they are, efficiency, stability and distribution criteria. A variety of policy issues will be discussed, such as, tax policy, social security policy, poverty policy, education policy or policies on natural resources and environment. In addition, policy analysis tools, such as, cost benefit analysis will be illustrated.

Major Courses

EX 7001  Competitiveness Analysis and Organization Strategy     3 Credits

This course covers the concept of competitiveness analysis in both country and organizational level. The techniques of the internal and external environmental analysis will be explored to enable students to analyze the strengths and weaknesses of the firm or the country and to determine suitable strategies for responding to the opportunities and threats of those. The concept of business and industry life cycle, value chain management, business-level, corporate-level and international-level strategy formulation are discussed. The applications of data analysis and case study involving competitive advantage creation in an organization are examined.

EX 7002    Financial and Risk Management 3 Credits

This course covers the concepts of financial management and builds on an understanding of financial planning and investment, the cost of capital and the sources of fund, risks and rewards, risk management of the organization and management of financial risk, as well as other important issues involved in a firm's financial decisions.

EX 7003    Project Planning and Analysis 3 Credits

This course covers the study the project cycles, project planning, project implementation, and project analysis covering both public and private investment projects. The project analysis includes various aspects such as demand and market analyses, technological analyses, financial and economic analyses, environmental and social analyses, project feasibilities, costs and benefits analyses, economic viabilities, discount rates, market prices and shadow prices, official exchange rates and shadow exchange rates, a valuation of non-market goods and services, strategic plans, business plans, and project appraisal reports.


EX 8000    Selected Topics in Economics and Management 3 Credits

This course aims to discuss some selected current issues in economics and management and enable students to understand and analyze those issues with economics foundation.

Elective Courses

EX 7004   Economic Indicators 3 Credits

This course is an introduction to the analysis of economic data, variables, and key economic indicators as needed for the understanding of the structure and the analysis of the present situation of the economy and economic forecast.

EX 7005   Human Resource for Competitiveness 3 Credits

This course covers the study of investment in human capital as part of human resource development planning which targets at raising the worker productivity as well as the return to the business firms in the short term and increasing national competitiveness in the long term.  Role of state and private policy on human resource development will be

examined. Applications of microeconomic principles to personnel management decision-making including hiring, training, promotion, compensation, and early retirement are enclose


EX 7006    Economics of Globalization 3 Credits

This course applies the theoretical concepts of international trade and finance for economic decision making under globalization and the stage of economic development.   Economic rationales of trade and investment liberalization; freer movements of goods, services, and factors of production are explored.               A dynamic responsiveness of the real sector to excessively fluctuations of both internal and external forces such as international capital mobility, labors, exchange rates, and technology changes, toward sustainable development of the nation are also discussed.

EX 7007    Innovation and Creative Economy 3 Credits

This course aims providing the importance of innovation adoption and management in different types of organizations that include types of innovation, innovative pricing, digital economy and network externality, innovative vision and strategic position. In the boarder context, innovative-driven structure such as creative entrepreneurship, innovative cluster, market structure for innovation, intellectual property rights and public policies for promoting innovation will be discussed.

EX 8800-8900  Directed Study 3 Credits

The course covers some specific issues in economics and management, which are current and benefit to the students’ research interests.


Independent Study and Thesis

EX 9000 Independent Study 3 Credits

This course will provide students the opportunity to pursue in-depth independent study of an economics and management issue, theme, or problem. Student will be in consultation with a faculty member to develop a research. The completed project displays the student’s abilities as an effective writer, knowledge of audience, and thorough familiarity with the selected topic area.


EX 9000 Thesis 12 Credits

Equivalent to coursework not less than 1 semester