Mix yeast with warm water and set aside few minutes to dissolve. Add flour, 1 tablespoon olive oil, honey, salt, parmesan cheese and cold water. Mix well. Combine remaining 1/3 cup olive oil and crushed garlic in small bowl. Set aside. Grease baking pan with olive oil. Roll out dough with rolling pin to large circle on lightly floured surface and transfer to pan. Puncture dough with fingers or fork and coat top of dough with garlic-olive oil mixture. Sprinkle with thyme. Let dough rise about 30 minutes. While dough is rising, preheat oven to 400 degrees. Bake until evenly browned, 25 minutes. Cool 30 minutes before serving.