Doctor of Philosophy (Economics)


            The Faculty of Economics at Chiang Mai University (CMU) is the only public educational institution in Northern Thailand that offers training in economics at both undergraduate and graduate levels. Its aims are to promote education, impart knowledge of economics. and produce academicians and professional economists to meet the demands of both government and privaie agencies in Thailand, particularly the northern region, as well as throughout Asia.The economics program began in 1964.

            There are several philosophical mandates underlying the creation in 2006 of a new English-language, international-quality Ph.D. program for excellent candidates from all over Asia. First. the Faculty of Economics at Chiang Mai University holds that economics education should train world-class economics personnel with profound potential. responsibility, and leadership skills, as well as moral and ethical concerns in responding to their countries' and the region's constantly changing needs. Secondly, the Faculty of Economics believes that the economics profession should focus on renewing highly-trained personnel who are knowledgeable in theory, analysis, and practical application.

            CMU graduates will thus be personnel who understand their countries' and the region's economy and can carry out economic management, formulate policies, select policy tools, and set price signals and other policy objectives. Because their new-found knowledge is compatible with Asia's economic systems in the 21st century, it will enhance their countries' ability to benefit from globalization and compete on world markets. Graduates will help contribute to sustained economic growth, improve economic efficiency, and manage the risk and volatilities inherent in increasingly integrated market economies. They will not only have pride in their profession; they will gain the knowledgeand skills needed to integrate new knowledge. create appropriate solutions. protect the environment and assure greater equality of opportunity in their countries' and the region's economic systems.





            The overall goal of this program is to produce Ph.D. economists who have all-round competency and holistic views of the economics discipline. Graduates from Chiang Mai can thus function as teachers, researchers, or incubators of new, state-of-the-art knowledge. They will also be capable of putting their newly earned knowledge and research findings into practical uses in an efficient and systematic manner. This will raise the efficiency of human resource development. to the benefit of either Thailand and/or the students' home countries.

More concretely, the program is designed to meet seven specific objectives :

a) offer an American-style doctoral education on Asian soil

b) multiply the number of Asian economists trained in the latest theoretical advances

c) develop high-level research capability in both theoretical and empirical aspects

d) develop research specialists and teachers with an international perspective requiring globally oriented. economic and social development

e) emphasize practical solutions to the key macro- and micro-economic challenges facing Asia in an era of globalization

f) offer a publishing outlet for all doctoral theses in Chiang Mai University's new Applied Economics Journal.

g) provide scholarship aid for needy students


            Each doctoral student must complete at least 36 credits of course work and 36 credits of research, for a total of 72 credits. 24 of the 36 course credits are allocated to s required courses of 3 credits each to be taken in year as the basis for the qualifying examinations


Advanced microeconomic theory I

Advanced microeconomic theory 2

Advanced macroeconomic theory

Advanced macroeconomic theory 2

Advanced mathematical economics

Advanced econometric methods

Advanced applied econometrics

Economic research methodology


            The remaining 12 course credits (2 courses in each of two fields) are be taken during the first half of year 2. These fields are

General Economics and Theory

Statistics and Econometrics

Agricultural & Natural Resource Economics

Public Economics

Labor Economics and Industrial Relations

Economic Development / Transition

Industrial Organization

Health Economics

International Trade and Finance

Financial Economics

            To promote this research, Ph.D. students have access to the Information Technology Center. The Faculty has a total of 163 computers. The Library at the Faculty of Economics has acquired a massive set of information in both printed documents and digital formats, including subscriptions to 19 top-flight journals. The Economics Faculty has also recently opened its Investment Center to be used as a laboratory.

            The center utilizes real time or almost real time (with 15-20 minutes delay) financial and investment information from major markets, tracking key economic indicators as well as news around the world. Since Ph.D. students are expected to publish in English-language international journals, the Faculty of Economics has recently launched its own international-quality journal Applied Economics Journal (AEJ).



-           Applicants must have completed a Masters degree in Economics or a related field, such as Business Administration. Engineering, or Mathematics.

-           Offer proof of English proficiency with either the TOEFL or the IELTS score. The TOEFL score must be a minimum of soo. Students who have a score between soo and sso must take a one-semester English for Economists sequence to improve their use of economic terminology and concepts in micro, macro and international business. The score should be no less than 2 years old. As for the IELTS score. this must be s.s. Any student who has earned 6 or higher will not have to take the English for Economists, but is still encouraged to do so.

-           Provide statement of intent or interest of up to three pages (Times New Roman 12-point one-and-a-half spaced). This statement should contain three major sections : a) why are you applying for the program b) which fields and specific research interests are you hoping to pursue at Chiang Mai University, c) how do you intend to use your education in your career.

            - Three letters of recommendation from former professors or employers are also requires (please see form on the website).

-           Copies of up to three published research papers or reports (if possible by email attach­ment, if not by mail.), if you have done any. should be sent.



            A total of 30 professors (18 Thai professors with foreign Ph.D.s. 12 Foreign professors). provide a rigorous, varied, and in-depth pattern of instruction in both the core required courses and the ten fields of specialization. The foreign professors come to Chiang Mai to teach intensive courses on a modular basis (four 6 to six weeks) based on their recent teaching and research in such acclaimed international universities as the University of New England. University of Auckland. Southern Methodist University, University of Western Australia. Kyoto University. Nagoya University. University of Kentucky. Siam Commercial Bank, University of Canterbury. the University of Kentucky, and the University of Plymouth. Thai professors received their Ph.D. training at such institutions as the University of Manchester, the University of Wisconsin, the University of South Carolina, the University of Illinois, the University of Northern Illinois, Australian National University. the University of New York. Texas A&M University. the University of the Philippines in Los Banos, Santo Tomas University. the University of New Mexico and Pennsylvania State University.



            In addition to the home universities of the 18 foreign professors, other national and international organizations provide financial support and expert advice to the program. To date, these include the Thailand Research Fund and the Stock Exchange of Thailand.



            Application materials and inquiries should be sent by email attachment to This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or to

Office of International Programs (OIP)

Attention: Prof. Dr. Peter H. Calkins

and Mrs. Saratsanun Tungpisansumpul Faculty of Economics

Chiang Mai University

Chiang Mai 50200 THAILAND

FAX: (66 53) 942202

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

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