The field of economics is broad, encompassing issues involving international trade, stock markets, government policies, economic growth and development, etc. The BS Business Economics aims to develop in students a rigorous, quantitative, and insightful approach to understanding the workings of economics in today’s society and business. It provides students with a solid grounding in economic theory and frameworks. It also aims to develop among students the analytical and statistical skills in applying such frameworks in business, social, financial, and policy sectors. Hence, there is an emphasis on applied research at the industry and national policy levels.
Students choose this course because it provides a good background for careers in business, capital markets, law, banking, real estate, and even entrepreneurship.
Second Year – Second Semester
MSM601E Introduction to Management
Third Year – First Semester
ECN1211 Intermediate Macroeconomics
ECN1212 Intro to Mathematical Statistics
Third Year – Second Semester
ECN1221 Intermediate Microeconomics
ECN1222 Mathematical Economics 1
ECN1223 Economic Development
MSM401E Finance 1
Fourth Year – First Semester
ECN1311 Social Economics
ECN1312 Financial Economics
ECN1313 International Economics
ECN1314 Industrial Organization
ECN1315 Econometrics 1
ECN1316 Econometrics Lab
ECN1317 Research Seminar 1
ECN1318 Money and Banking
Fourth Year – Second Semester
ECN1321 Elective 1 (Public Economics)
ECN1322 Macroeconomics 1 (Advanced Macroeconomics)
ECN1323 Microeconomics 1 (Advanced Microeconomics)
ECN1324 Quantitative Economics
ECN1325 Mathematical Economics 2
ECN1326 Economic History
ECN1327 Research Seminar 2
Introduction to Management (MSM601E)
This introductory course provides an overview of the four functional areas of management and introduces basic managerial functions, concepts, and processes. It exposes students, as future managers, to the decision-making processes involved in management functions, provides a basic understanding of the importance of business planning, and introduces the concept of social responsibility and environmental awareness.
This course is discussed within the context of business and decision making. It provides students with adequate background on the accounting cycle, taking financial reporting and ethical standards into consideration.
Intermediate Macroeconomics (ECN1211)
The course discusses the various effects of macroeconomic policies and other relevant parameters/variables on the macroeconomic environment.
Intro to Mathematical Statistics (ECN1212)
This course aims to provide sufficient background in graduate economics and business (i.e., econometrics, operations research, decision sciences) and cover the material necessary to enable simple econometric model building and/or mathematical programming models in subsequent courses.
This course aims to enable the student to understand the dynamics of marketing as a basic function of management. It takes an integrated view of the process of formulating and implementing a coherent and competitive “marketing mix” starting with the most basic 4Ps of marketing.
Intermediate Microeconomics (ECN1221)
This course deals with the economic behavior of consumers and producers (firms and industries). It is meant to help students understand the basis for managerial decision-making and the design of public policies.
Mathematical Economics 1 (ECN1222)
This introductory course aims to familiarize students with the essential mathematical concepts and techniques necessary for higher studies in the field of economics. It deals with optimization techniques, equilibrium analysis, and comparative statistics, among other mathematical techniques.
Economic Development (ECN1223)
This course focuses on the theories of economic growth and economic development. It highlights the various analytical, empirical, and historical perspectives of economic development and their applicability to Philippine economic conditions.
This course introduces students to the fundamentals of accounting and the use of accounting information in making business decisions. Financial analysis and management accounting form part of the framework for discussion.
Social Economics (ECN1311)
This course integrates the findings and limitations of mainstream economics with specific or selected socio-economic issues, and applies both economic and ethical solutions to such issues.
Financial Economics (ECN1312)
This course examines the economic principles that determine the allocation of resources through time in market economies. It uses supply and demand relationships to value capital assets or projects more generally.
International Economics (ECN1313)
This course covers various trade theories and dwells on trade policies and economic integration. Special topics such as International Trade in Services, World Trade Organization, and designing foreign trade agreements are also taken up.
Industrial Organization (ECN1314)
This course is concerned with the study of the microeconomic behavior of firms. It specifically examines the economic organization of industry including a survey of theoretical and applied issues in this field.
Quantitative Economics 2: Econometrics (ECN1315)
This course provides students with the key concepts required for model building and economic forecasting. The main topics covered are the normal linear regression model, the violation of its assumptions and their corresponding methods of correction, and the various estimation methods for single equations and systems of equations.
Econometrics Lab (ECN1316)
The course focuses on the estimation, inference, and identification of linear models. Topics covered include estimation issues such as model misspecification, measurement errors, endogenous regressors, as well as instrumental variable regressions, panel data approaches, and econometric analysis using matrices.
Research Seminar I (ECN1317)
The course focuses on the importance of industry analysis to firms in making strategic decisions. It also introduces students to the different analytical framework of industrial organization starting from the works of Bain to those of Porter, and their points of possible integration.
Money and Banking (ECN1318)
The course introduces students to monetary and financial institutions. It delves into how monetary policy influences interest rates and asset markets, such as the bond market and the stock market. It also helps analyze financial intermediation and the role of banks in the economic system and study the economic rationale behind banking regulation.
Public Economics (ECN1321)
The course tackles the role of the government in a market economy and its financing and spending activities. Topics include public goods and externalities, public finance, welfare economics, public choice, and regulatory economics.
Advanced Macroeconomics (ECN1322)
This course is oriented toward examining real-world puzzles in domestic and international macroeconomic events and policies. It equips students with a framework to analyze the effects and relationships of the broad macroeconomy to the internal affairs of a business or firm.
Advanced Microeconomics (ECN1323)
This course focuses on theories that deal with the operations of firms and the decision-making process of consumers. It aims to give students the proper orientation for analyzing Philippine firms and industries.
Quantitative Economics (ECN1324)
This course covers the mathematical tools used in economics, finance, and quantitative business decision making. Focus is on teaching and solving optimization problems faced in modern economics and business studies. Topics include constrained and unconstrained optimization, contemporary and practical techniques of calculus, and probability in economic evaluation and business decision making.
Mathematical Economics 2 (ECN1325)
In this introductory course, the topics shift to dynamic analysis and the tools of differential and difference equations and their uses in economic models. It also enables students to appreciate the literature present in professional journals.
Economic History (ECN1326)
The course covers the historical analysis of economic growth and economic development using theories, concepts, and principles of neoclassical and new institutional economics.
Research Seminar II (ECN1327)
The course aims to equip students with a practical understanding of the macroeconomic environment and help them understand the interrelationships between macroeconomic variables, how changes in one variable can affect another, and how the macroeconomic environment as a whole can affect conditions in specific industries.
Graduates with analytical skills in economics are sought after by employers from the private and public sectors including international organizations. In general, economists are needed in commercial and investment banks, corporations, and consulting firms. The government sector also offers economics graduates positions as trade analysts, finance specialists, and policy analysts.
School of Economics