The MBA Program is an internationally-recognized degree designed to develop the skills required for careers in business and management. However, the value of MBA is not limited strictly to the business world. MBA Program can also be useful for students pursuing managerial career in the public sectors, government, and private industrial sectors, and other areas. The most core courses in the MBA program cover various areas of business such as Accounting, Applied Statistics, Business Communication, Business Ethics, Business Law, Organizational Behavior and Design, Global/International Business, Information Technology, Finance, Managerial Economics, Leadership and Management, Entrepreneurship, Marketing, and Operations in a manner most relevant to management analysis and strategy as well as elective courses that allow students/participants to follow their own personal or professional interests. Some schools require that MBA students/graduates have to complete internship at companies or organizations, which they can lead to concrete job opportunities after the completion of the MBA program.

Essentially, the business context in Cambodia has rapidly changed and need to improve their governance in the business firms, enterprises, organizations and government sectors. Therefore, in order to meet the globalization in Cambodia, the graduate programs in the Business Administration are designed to meet the urgent needs of professionals to advance and modernize business, leadership, management, and enrich professional skills and knowledge for innovation and wisdom to address our today’s global economic challenges.

MBA Program is designed to pursue and develop high performing students with an entrepreneurial spirit into innovative leaders and ready to tackle challenges of today's global business environment and seize the right opportunities for the right business with the right education. Therefore, the Graduate School of Management Economics offers MBA degrees with specializations in Human Resource Management, Management, Economics, Finance, International Business, Marketing and Entrepreneurship as well as EMBA, which intend to develop students into future leaders and executives. In addition,  the programs are directly linked to practical experiences, career goals, and professional development and respond to the major challenges and complexities in world economy, world businesses, and organizations today is changing rapidly: globalization, growing importance of knowledge and intangible, and the uncertainty and risks in the markets.

Major: Economics

1. Students who choose for research report writing (ECON 597), they do not need to take the elective courses.
2. Students who choose for project report or thesis writing (ECON 598 or ECON 599), they need to take 36 credits of

    the required courses and have to consult with GSME after foundation year courses (Year One).

Course Description

ENGL 500       Writing for Graduate Studies

Students will study the academic English to advance and broaden their knowledge in order to be able to keep pace with the requirements of the Graduate School assignments and progressive work. The course enables them to understand how human being utilizes oral and written language to interact with each other in the learning environments.  Furthermore, students will do their best to explore different styles of academic writing and develop basic skills in conducting academic research based on comparison and analysis of various case studies. Significantly, students will build on their foundation knowledge through their own research in various topics assigned and verified by professor of the course and strength in an academic essay writing style.

MGT 505         Fundamentals of Management

This course will provide students with the fundamental principles and skills needed for the field of Management. It refreshes students in the process of accumulating managerial responsibility at their workplace with updated theories and managerial cases. The course also discusses various topics related to management theory, history of management, organizational culture, planning and practical applications for managers who work in small and large organizations. Finally, it enables students to learn how to use management and leadership skills in a decision making process.

NATS 510        Global Environment Awareness

This course introduces students to concepts and theories related to world environment. It discusses a natural process of an ecological system, economic and social development in equilibrium to environmental conditions. Importantly, it brings updates about human activities and environmental pollution causing major problems from draught, inundation, desertification, contaminated soil, air and water to ozone depletion. The course also raises awareness of essence in environmental preservation through various debates about climate change, natural resource protection and conservation and sustainable development from an environmental perspective.

STAT 520        Fundamentals of Statistics

This course is designed for students who have never taken statistics before. It starts with the introduction of the elementary concept of statistics and descriptive statistics and ends with inferential statistics. By the completion of the course, students will learn how to present qualitative and quantitative data from using graphs to summary values. They also learn basic probability theory in order to understand the concept of inferential statistics. The students need to have an increased understanding of inferences, confidence intervals and hypothesis testing along with practices through the final step of the course, as these are vital for them to resume their studies in the field of academic research from Research Methodology course necessitating a requisite of Fundamentals of Statistics.

RESR 525        Research Methodology

This course targets at offering skills and techniques in research to the course followers. The major themes with regard to the course include problem statement development, hypothesis formulation and the practical aspects of research methods to attain the intended and desired research outcomes. It, of course, looks into research proposal, a research scheme and literature review. Essentially, it discusses the citation of documents or the ways to tell the sources of information, surveys, interviews and questionnaires. Moreover, it introduces a comparative aspect of research methods from social discipline to science and business on the basis of the use of the distinctive use of qualitative and quantitative approaches. Ultimately, the course members are expected to be able to develop their own themes and conduct the research for the class, together with the presentation of the written report from research findings.

MGT 530         Governance, Management and Leadership Dynamics

This is an upper level course of management and leadership which looks at how managers and leaders behave and make a decision to deal with an organizational change and a crisis situation. Students will be expected to actively participate in the debate on studies relevant to the themes such as advanced management skills, leadership dynamics and leadership styles. The subtheme on Effective Governance is also introduced for the course followers in order for them to increase an understanding about responsibility, decision making and accountability in the field of management and leadership. A combination of readings and class discussions with hands-on exercises will familiarize students with the variety of approaches one might take to management and leadership. To advance the students’ knowledge in the discipline, case studies on corporations, business firms and public institutions are incorporated into the course.

ECON 535       Microeconomic Theories

This course to acquaint and equip students with knowledge in microeconomics provides theories and practices closely linked to analysis of a firm’s and consumer’s behaviors, especially their action and influence in the realization of the microeconomics sector. It embodies utility function from an individual firm and elasticity of demand and supply. It also explains profit maximization, competition policy, economic trade-offs among firms and firms’ strategies in dealing with each other in terms of production and sales. Case studies on a firm’s behavior and market structure are needed to raise update and further knowledge in the application of microeconomics in the real business sector.

ECON 540      Macroeconomic Theories

Macroeconomics deals with aggregate demand and supply essential to gross domestic product and gross national product of a country. In fully understanding the crucial role of macroeconomics in an economic system, the course incorporates fiscal policy, monetary policy, unemployment, full-employment target, inflation, deflation, interest rate, the Philip curve and J-Curve. It provides a deep insight into macroeconomics fundamentals and stability, by analyzing LM Curve and IS Curve, especially its influences on an economy. Adding to that, the course explores a root cause of economic crisis, and importance of international trade in the stimulation of domestic economic performance. Finally, the course provides an analysis into GDP, GNP and economic growth as well as mechanisms of national income or national wealth redistribution.

FIN 550           Managerial Finance

The course will provide students the language and tools of finance and will give students the capacity to understand the theory and application in real world situations, the techniques that have been developed in corporate finance. The course discusses the main principles that guide corporate managers in maximizing firm value. The major topics of the course include the role of corporations and financial managers such Time Value of Money, Valuation, Capital Budgeting, Capital Structure, and Dividend Policy. The course will also help students to make better decisions in financial matters, through analyzing cases, as well as completing assigned exercises and problems. Students will further develop and strengthen own financial management skills required to meet the challenges facing today's complex organisations.

FIN 565           International Finance

This course remunerates background and update about international monetary system, international financial markets, i.e. bond, capital and commodity markets and global financial institutions and systems. It provides the analysis of monetary authority, banking systems and non-bank institutions. It also covers institutional foreign exchange markets, international trade and finance, the balance of payment, international financing and international financial analysis of the multinationals. It finally examines economic exposures from a foreign exchange rate, foreign currency risk management, the risk and return in an international setting, and international financial crises like those in Latin America, Mexico, and in Asia. Case studies about crisis of certain multinationals and emerging economies are introduced to enrich the students’ understanding and knowledge in international financial flows and operations.

ECON 550       Econometrics: Theory and Application

To provide an introduction to the application of statistical techniques to economic problems, the course is also known as “econometrics. This course is designed to carry out application rather than be a theory- oriented. It is meant to be useful and hand-on exercises by using real world examples and data to provide students with some powerful insights into economic issues. Students will learn how to use one of the most popular statistical packages (STATA) to do the analyses in class. This software will also be useful in their thesis writing as well as in their subsequent professional life. After reviewing essential concepts from probability and statistics, students will be introduced to the heart of the course, that is, regression analysis. The first part will include simple and multiple regression analysis involving the use of cross-sectional data, and the second part will cover the analysis for time series data.

ECON 570       Public Finance

This course treats public finance as one of the key economics that deals with budgeting the revenues and expenditure of a public sector entity, usually government. It analyses two objectives of budgetary policy as an efficient allocation of resources subject to a fair distribution of income and a stable macroeconomic environment. It also studies the interaction, cooperation and coordination of the private and public sector in the management of public finance, i.e. provision of public goods and social welfare. In addition to that, the course covers regulation of competition, the operation of public enterprises, and the conduct of monetary policy that associated with the economics of budget policy will be in part of the importance of this course. Finally, case study on the United States of America in the area of public financial system is introduced in comparison with public finance of Cambodia.

ECON 575       Industrial Organizations

Today, most of economies are oriented by industry that provides jobs and raise national welfare. The course is to develop a better understanding of industry’s value in national productivity, economic performance and promoting social progress. This course examines the use of industrial policy by the government in increasing exports and stimulating GDP growth. It also includes an analysis of industrial roles in bringing about balanced economic growth, the government’s management of economic transition from agriculture to industry, relative to the empirically economic studies of Cambodia.

ECON 515       Fundamentals of Economics

This course, in its traditional sense, does not deal with economic issues. It focuses on the principles of economics necessitated for practical applications in the economics. The course also provides basic knowledge in Microeconomics and Macroeconomics used as economic tools of analysis. This is to be accomplished by raising certain key problems or issues relevant to the economics principles, teaching the tools necessary for analysis, and finally applying these tools to analyze the problems.

FIN 540           Quantitative Methods in Decision Making

This course introduces the students to the basic methods of empirical inquiry in the social sciences. The major studies focuses on testing hypotheses, empirical models, predictions and estimating policy impacts based on quantitative or statistical analysis. This course provides a basic introduction for students ranging from quantitative approaches for research and policy analysts to qualitative ones. It also provides a solid foundation in statistical inference, enabling the student to become a competent producer of basic statistical research. In addition, the skills acquired from the course enable the students to become a more sophisticated consumer of advanced research methodologies.

FIN 545           Financial Management

Students can gain further knowledge in finance from the course of financial management. The themes of the course incorporates the revision of bond and stock valuing, present value and future value, corporate strategies in financing investments, dividend policy, common stock versus preferred stock and weighted average cost of capital. It also looks at how a firm applies its debt policy in exchange for capital to invest, and differentiates among short-term, mid-term and long-term financing and liabilities. It finally examines the essence and use of accounting principles in managing financial operations and transfers in a particular corporation, and compares the difference and similarity of a smart financial manager with a financial rule-oriented manager in solving real world business issues.

ACCT 545      Accounting for Managers

The course describes how accounting transactions are compiled into financial statements and how information about company performance can be extracted from those statements. It also addresses decisions in such areas as sales and marketing, human resources, and acquisitions that are impacted by accounting information. The course describes several tools, including target costing and constraint analysis, which can be used to understand how accounting information can be used to drive business decisions and improve upon business decisions.

BUS 555          International Businesses

This course explores the implications of global economic integration in a world of national differences, focusing on corporations and business global firms that operate in several countries. The emergence of a world economy has also produced unparalleled opportunities to test theories developed in a single national border relative to other trading nations. The course examines the growth of the multinationals and international trade theories linked to practical cases differing from country to country. It also deepens an understanding of basic human behavior and is to find out practical world business elevating real academic value relevant to the disciplines of politics, business, economics, psychology, and sociology. Due to the fact that the world has become more and more open in terms of economics, politics and culture, students can pursue their research studies in countries with widely divergent cultures, economic systems and political institutions so as to broaden their understanding and knowledge in international business.

BUS 560          Global Businesses Strategy

The course focuses on the development of skills to understand the issues that managers face in operating in international markets and supply chains. Students will develop an understanding of the conceptual frameworks that clarify the relationships between policies and domestic and global strategies. They will also have the opportunity as a team project to develop a proposal that focuses on a key strategic decision facing senior management involved in entering an overseas market for the first time; or expanding existing operations into a new foreign market as part of a corporate strategy. They will develop an understanding of the constraints and advantages in developing a new overseas market and managing existing offshore operations with new challenges. This course analyses how multinational firms leverage their capabilities and competencies to create competitive advantages in international and global markets. Topics include assessing foreign markets attractiveness; understanding the impact of differences in legal, socio-cultural, political, technological and economic regimes, evaluating international political and economic risks, building and operating global networks, including entry mode choice, understanding how managers design organizational architecture and implement internal control and incentive mechanisms; and assessing the challenges of global citizenship, ethical behavior and corporate social responsibility for international business.

MGT 565        Strategic Management and Business Policy

This course will provide students with an opportunity to apply concepts, skills, and techniques to real-world corporate problems and build on existing knowledge in management, hence advancing it to the use of strategies to better manage business and work. The course explains concepts and theories useful in understanding the strategic management process and strategic vision, strategic positioning of a business firm, strategy formulation and implementation. It delves into diamond strategy from Michael Porter, strategy theories and application of strategies for competitiveness and establishing a market niche. Case studies on successful grand business strategies are introduced to broaden further knowledge in strategies used in management assisting managers to achieve the organizational goals successfully and within the given time frame and budget.

FIN 567           Investment Analyses and Portfolio Management

This course is to acquaint students with investment theories, roles of Direct Foreign Investment (FDI) and portfolio investment in the management of international corporations. It discusses diversification of investments, risk analysis, corporate strategies in managing risks and benchmarks developed by outstanding business firms. It also covers the economy of scope and scale in the internationalization of business operations and productions, market value of firms on a national, regional and international scale. Empirical studies on corporations and firms are to provide update about investment and portfolio management as well as multilateral trade in an international business setting.

BUS 570          International Trade Law

This course introduces the legal framework, policies and jurisprudence of the World Trade Organization (WTO). It is designed to give students an overview of the regulation of trade in goods, services and intellectual property that is necessary for international legal practice, as well as provide the policy analysis that will equip students to better understand the trade dimensions of international legal disputes, the relationship between international and domestic law, bilateralism versus multilateralism, the WTO dispute resolution system, nondiscrimination obligations in international trade, regional trade agreements, the relation between WTO obligations and domestic regulations and controversies. 

FIN 574           Financial Markets

The course is to assist students to be acquainted with a financial market condition and structure. The knowledge in the field enables them to be active participants in the financial market of Cambodia. Importantly, the course incorporates the international capital market playing a vital role in long-term financing for business firms/corporations, money market, product market, factor market and stock market as a lever for the corporation establishment and activation in the context of Cambodia. It also focuses on a weight of foreign exchange, commodity exchange and various hedging strategies available in international capital markets and stock exchange. Empirical studies enhance an understanding of comparative domestic capital markets and the practice of international capital market operations and stock.

FIN 581           Derivatives and Risk Management

After being acquainted with principles of finance and a concept of risk, this course is an upper class dealing with risk involved in a management approach and use of financial derivatives. Financial engineering derived from the application of financial derivatives, i.e. swap, options, options strategies and other financial contracts and obligations is to provide a financial tool for managers to cope with different sorts of risk counting from interest, inflation, exchange rate, business, banking to finance. The focus of the course is also on the value of financial derivatives to recapitalize a business firm and protect any business against price uncertainty and its usefulness in preventing a firm from a financial collapse. Empirical studies on derivatives and its use by the multinationals as well as strategies to manage risk are necessitated to bring in new knowledge of financial innovations and services.

ENTR 586      Social Innovations and Entrepreneurship

The course aims to provide students with a new orientation and way of thinking to organize and lead sustainable development, namely through social innovation and entrepreneurship. Sustainability encompasses many dimensions, including the long-term maintenance of responsibility, which has environmental, economic, and social dimensions. This course focuses upon ways in which social innovation and entrepreneurship are driving the delivery of social (including environmental) value in communities, and the way in which this (accelerating economic) relationship drives social changes, both globally and locally. The course will help you to develop awareness and critical understanding of the accelerating economic relationship between the government, business and the third (non-for-profit) sectors, in areas of social innovation and entrepreneurship.

ECON 596      Comprehensive Examination

                        Complete two courses prior to written and oral comprehensive exams

ECON 597       Project Report

This course is designed for students to complete MBA in Economics by Project Report. The students take this graduation path, they are required to successfully complete all the required courses for 42 credits and project report for 6 credits totaling 48 credits. Prior to the project report writing, students are required to complete the required courses for 36 credits (18 foundation courses + 6 basic courses + 12 core courses).

ECON 598      MBA Thesis

This course is designed for students to complete MBA in Economics by Thesis. The students take this graduation path, they are required to successfully complete all the required courses for 36 credits and thesis for 12 credits totaling 48 credits. Prior to the thesis writing, students are required to complete the required courses for 36 credits (18 foundation courses + 6 basic courses + 12 core courses).