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01125421 Cooperatives and Economic and Social Development 3(3-0-6)

Pre: 01125212 and 01108212

Role, duty and importance of cooperatives to economic and social development in the field of promotion of savings, capital accumulation, occupation development and cooperation among people in various forms of business operations including in the provision of credit, marketing, processing, transportation and communication, banking and insurance.

01125422 Cooperatives Economics II 3(3-0-6)

Pre: 01125324 และ 01108111

Macroeconomics policies and their consequences to cooperatives  societies. Public policies on financial and trade which affected cooperatives in agricultural sector eg : price guarantee, price support, income guarantee, income distribution. Public policies which affected saving cooperatives and credit union e.g.: interest rate and exchange rate determination.

01125423 Institutional Economics and The Cooperatives 3(3-0-6)

Pre: 01125212

Role of cooperatives organization under the institutional economics school of thought. The flaw of Neoclassical economics concept, the study of the efficiency of formal and informal institutional economic actors on the successfulness of the society. Economic behavior and human cooperation in the society, and advantage of the collective action, social benefit over individual benefit. The merge between individual benefit and collective benefit of the society according to the economic governance. Superior and inferior of the institutions for economic problems solving.

01125424 Managerial Economics for Cooperatives Enterprise 3(3-0-6)

Pre: 01125212

Microeconomic theory and business economic to the business management of the cooperatives organization which oriented to the economic and social benefit of members more than business benefit of the organization. Management of the special type of business organization which concerning to the “not for profit” aspects, and consequently it is not a “non profit” organization. Impact of the asymmetric information on economic activities of the cooperative organizations, cost and optimum surplus, financing policy from both internal and external source of fund, investment policy, cost of investment and capital budgeting, business risk and return on investment, Optimal capital structure between debt and equity, liquidity and working capital, Surplus allocation policy for retain earning of the cooperative, rate of patronage refund and rate of dividend payout to members, Principal and agent problem among member-share holder and board of director as the principal and the management team and professional as the agent.



 

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