Undergradute degree programs

BA Economics
BS Applied Economics

For more information, view our SOE Programme Specification (Undergraduate Catalogue) here.

BA Economics

The BA Economics program is designed to equip students with knowledge in economic theory and skills for undertaking economic analysis. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. 

BS Applied Economics

The applied economics program is designed to equip students with knowledge in economic theory and skills for undertaking economic analysis. The program is for those who are interested in understanding how economic analysis can resolve issues encountered within the business environment. Two tracks: industrial economics, financial economics.The ladderized program culminates to the Master of Science in Economics.
Bachelor of Science in Applied Economics (Honors) and Master of Science in Economics 
BS in Applied Economics Major in Industrial Economics
BS in Applied Economics Major in Industrial Economics and BS in Accountancy
BS in Applied Economics Major in Industrial Economics and BS in Advertising Management
BS in Applied Economics Major in Industrial Economics and BS in Applied Corporate Management
BS in Applied Economics Major in Industrial Economics and BS in Business Management
BS in Applied Economics Major in Industrial Economics and BS in Legal Management
BS in Applied Economics Major in Industrial Economics and BS in Management of Financial Institutions
BS in Applied Economics Major in Industrial Economics and BS in Marketing Management
BS in Applied Economics Major in Financial Economics
BS in Applied Economics Major in Financial Economics and BS in Accountancy
BS in Applied Economics Major in Financial Economics and BS in Advertising Management
BS in Applied Economics Major in Financial Economics and BS in Applied Corporate Management
BS in Applied Economics Major in Financial Economics and BS in Business Management
BS in Applied Economics Major in Financial Economics and BS in Legal Management
BS in Applied Economics Major in Financial Economics and BS in Management of Financial Institutions
BS in Applied Economics Major in Financial Economics and BS in Marketing Management
Bachelor of Arts (AB) Major in Economics
AB Major in Economics and BS in Accountancy
AB Major in Economics and BS in Advertising Management
AB Major in Economics and BS in Applied Corporate Management
AB Major in Economics and BS in Business Management
AB Major in Economics and BS in Legal Management
AB Major in Economics and BS in Management of Financial Institutions
AB Major in Economics and BS in Marketing Management

Bachelor of Science in Applied Economics
Degree Codes: Program- BSAEC Plan -BSAEC

 

Rationale

The applied economics program is designed to equip students with knowledge in economic theory and skills for undertaking economic analysis. The program is for those who are interested in understanding how economic analysis can resolve issues encountered within the business environment. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country. Aside from incorporating mathematical and logical rigor, the curriculum encompasses important fields like corporate planning, financial economics, international trade and finance and money and banking.

It takes 9 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 159 units of formal academic coursework as well as comply with other academic requirements set by the department. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of achieving a wholistic student development. Students in this program need to write a  thesis that conforms with standards prescribed by the department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate ability by writing a research paper. Four course electives in economics designed for those who belong to the applied economics track are required.

Course Descriptions

Basic Subjects

Basic Microeconomics (ECONONE)
3 units
The course introduces students to basic microeconomics. It focuses on individual decision-making units like the consumer and suppliers. It is also deals with trends that affect particular business firms, workers, or regions in the economy.

Basic Macroeconomics (ECONTWO)
3 units
This course is an introduction to macroeconomics, the study of aggregate (or national) economic behavior and the economy as a whole. It provides concepts and tools necessary to read the newspaper critically for economic content, while providing a foundation for future economics courses.

Computer Package 1 for Economics majors (COMP1AE)
3 units
This course reviews students of the basic computer concepts as well as the Internet. The course provides an initial description of Microsoft Windows environment and an application of MS Office (latest) such as Word, Excel and PowerPoint. All exercises will focus on applications in Economics.

Mathematical Economics 1 (MATECO1)
3 units
The course discusses introductory concepts on mathematics for economists including the foundations and applications of one-variable calculus, exponential functions and logarithms. It also tackles linear algebra, systems of linear equations, matrix algebra and the determinant, and Euclidean spaces. The course covers mathematical theories with economic applications.

Mathematical Economics 2 (MATECO2)
3 units
The course deals with the theories and economic applications of calculus of several variables and optimization. It specifically covers limits, the different functions of several variables, implicit functions, total derivatives, differentials, higher-order derivatives, and constrained and unconstrained optimization.

Mathematical Economics 1 Laboratory (LBYECO1)
0.5 units
This course is the computer laboratory counterpart of MATECO1 – Mathematical Economics 1 lecture. It is designed to provide students with the basic skills and knowledge of the software Mathematica that will aid them in understanding the various Mathematical Economic tools and techniques.

Mathematical Economics 2 Laboratory (LBYECO2)
0.5 units
This course is the computer laboratory counterpart of MATECO2 – Mathematical Economics 2 lecture. It is designed to provide students with the basic skills and knowledge of the software Mathematica that will aid them in understanding the various Mathematical Economic tools and techniques.

Econometrics Laboratory (LBYEMET)
1.5 units
This course is the computer laboratory counterpart of ECONMET – Econometrics lecture. It is designed to provide students with the basic skills and knowledge of various Econometric softwares such as EVIEWS and STATA. Morevoer, it is a computer application of the Econometric tools and techniques.

Econometrics 2 Laboratory (LBYMET2)
0.5 units
This course is the computer laboratory counterpart of ECOMET2 (Econometrics 2). It is designed to equip students with the skills on how to use the Stata software to create panel data regression models, dynamic econometric models, etc.

Major Subjects

Intermediate Macroeconomics 1 (MACREC1)
3 units
The course deals with the analysis of the overall behavior of the economy. Using a framework that defines equilibrium based on the goods market, the financial markets, and the labor market, the course will explain the determination of equilibrium output, prices, and interest rates in the short run and medium run. It will also analyze how monetary and fiscal policies affect these macroeconomic variables.

Microeconomics 1 (MICREC1)
3 units
This course is the first of a two-course Intermediate Microeconomic Theory sequence. It aims to provide students with the central concepts of decision-making and optimization in a competitive market framework. It concentrates on the theories of consumer decision-making, production and costs, and the partial equilibrium competitive model.

Economic Statistics (ECOSTAT)
3 units
A study of the foundations of statistics, probability theory and distributions, hypothesis testing, estimation and introduction to regression techniques. Applications of these statistical methods in the pursuit of economic analysis are considered.

Intermediate Macroeconomics 2 (MACREC2)
3 units
This course will discuss certain macroeconomic issues that are concerned with economic growth and the role of expectations. It will also present the dynamics of the open macroeonomy, focusing on exchange rates, the IS-LM model, among others.

Microeconomics 2 (MICREC2)
3 units
This course is the second of a two-course Intermediate Microeconomic Theory sequence. It examines partial equilibrium analysis of price determination in the market for goods under imperfectly competitive structures (monopoly, oligopoly, and monopolistic competition). It also analyzes the efficiency of a competitive model of market interdependence as well as the limits to optimal market allocation due to externalities and public goods. Special topics on optimal allocation and price determination, decision-making under uncertainty, and the economics of information are also taken up.

Econometrics (ECONMET)
3 units
A study of econometric methods for students who have had a term’s work in economic statistics. The course includes a study of the classical linear regression model and the basics of econometric theory covering among others autocorrelation, multicollinearity, and heteroscedasticity.

International Economics (INTECON)
3 units
A study of the theory and practice of international trade and developmental factors in national economics that affect international business operations. Topics include: comparative advantage, factor endowments, trade restrictions, customs unions, contribution of foreign investment to development.

Development Economics (ECONDEV)
3 units
A course involving a digression of development theories and growth models. Economic explanations of various problem in development and policy alternatives are taken. Experiences of developed and fast growing economies are considered for the exposition of various development paths.

Public Finance (PUBFINA) for AB-Economics majors
3 units
A course which analyzes the economic considerations of the government’s role in the economy. Instruction is geared towards providing an adequate framework for evaluating policy interventions made by the government.

Industrial Organization (ECOIORG) for BS Economics majors
3 units
This course considers the different economic principles, concepts and consequences in the market interaction of firms. Interactions are considered within horizontal, vertical, conglomerate and network externalities relations. Implied anti-trust policies will also be considered as part of the analysis.

Methods of Research (METRESE)
3 units
This is a hands-on learning course where students are 1) familiarized with a general approach for conducting a basic scientific research project and 2) expected to implement the process of doing research in economics with the end result of producing an extensive review of related literature and mini-thesis proposal.

Econometrics 2 (ECOMET2)
3 units
This course is a sequel to Introductory Econometrics (ECONMET) and focuses on the theory and applications of advanced single equation and basic simultaneous equations econometric models. Topics to be covered include qualitative response regression models, panel data regression models, dynamic econometric models and the basics of simultaneous-equation models. The course will culminate in the discussion of the various tools and techniques used in time series econometrics.

Thesis Writing 1 (THSECO1)
3 units
Thesis proposal stage writing wherein the students get to meet their panel advisers to present their proposal.

Thesis Writing 2 (THSECO2)
3 units
Continuation of thesis writing and final defense.

Practicum (PRCECON)
3 units
This course is the practical application of the theories and models discussed in the major subjects. Students get to be exposed in the corporate world and prepare a research paper related to their assigned work.

Electives

Prerequisites: MACREC2 & MICREC2

Corporate Planning (CORPLAN)
3 units
A course focusing on the processes of systematic corporate decision-making and planning for the future. It discusses the various stages of planning including formulation of objectives, identification of resources, identification, selection of alternative courses of action, and evaluation of decisions.

Development Planning (DEVPLAN)
3 units
A course in the use of economy-wide planning with emphasis on less developed countries. The course considers economics aggregates such as total output, savings, investment, government spending, and foreign transactions, and explores sectoral relationships in the economy.

Energy and Resource Economics (ENRECON)
3 units
An introduction to economic geography of the Philippines. It covers the distribution, utilization, exploitation, and conservation of the different natural resources of the Philippines. It is also intended as an introduction to the analysis of supply and demand for energy resources.

Economic Model Building and Forecasting (ECOFORE)
3 units
A course introducing students to procedures in the development, maintenance, and utilization of univariate and multivariate forecasting models. The course includes a survey of time-series analysis tools, numerical procedures for the solution of linear and non-linear forecasting models together with their dynamic properties.

International Finance (INTEFIN)
3 units
A course which focuses on different theories, approaches, and practices relating to balance of payments adjustments, international capital movements, international liquidity, exchange rate determination, and optimum currency areas including contemporary international problems and monetary arrangements.

Introduction to Managerial Economics (MANAGEC)
3 units
A study of how the theory of consumer behavior, firm and market structures can be used to guide management decision making. Applications are made under different market situations. Emphasis on the use of mathematical tools are given.

Money and Banking (MONBANK)
3 units
A study of the role of money and financial institutions in the economy. The course includes discussion of monetary policy, money and income determination, inflation, exchange rate management, interest rate determination and financial development.

Project Analysis (PRANALY)
3 units
An introduction to cost-benefit analysis of projects. Topics include identification and measurement of costs and benefits, valuation, shadow pricing, and investment criteria for comparing costs and benefits. Different methodoligies in statistics, econometrics and operations research are given extensive application in this course.

Special Topics in Economics (SPECTOP)
3 units
This course covers a wide range of special topics for BS Economics majors.

Urban Economics (URBANEC)
3 units
A study of the allocation of space and locations in urban setting. Key concepts, theories and techniques of urban economics are also presented. Economic aspects of urban problems are analyzed and relevant policy implications are considered.

Bachelor of Science in Applied Economics major in Industrial Economics
Degree Codes: Program – BSAEC   Plan – BSAEC-IE

 

Rationale

The applied economics major in industrial economics program is designed to equip students with knowledge in economic theory and the basic skills needed for undertaking economic analysis. The program is for those who are interested in understanding how economic analysis can be applied to resolve issues and problems encountered in a corporate or business environment. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. Aside from incorporating mathematical and logical rigor, the curriculum encompasses important fields like corporate planning, financial economics, industrial organization, international trade and finance, money and banking, and other fields directly relevant to the business world.

It takes 9 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to sucessfully complete 159 units of formal academic coursework as well as comply with other academic requirements set by the department. Students will also have to take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write a thesis that conforms with standards prescribed by the department. Students are also required to undertake practicum work in any private corporation or government entity.

Course Descriptions

Basic Subjects

LBYECON                  Computer Package 1 for Economcis Major
3 units
This course aims to introduce students to basic computer concepts. It is designed to provide students with a broad understanding of the World Wide Web/Information Technology (IT), and provides an initial description of the Microsoft Windows XP environment and usage of the Microsoft Office suite. As much as possible, each exercise will focus in applications in Economics.

Pre-requisite: none
Pre-requisite to: LBYECO1

 

ECONONE                 Basic Microeconomics
3 units

The course aims to give an understanding and appreciation of the basic theories and concepts in economics and their applications to current national and international economic concerns. In addition, this course exposes the students to alternative tools of economics analysis and how they are used to solve the problems of a country.

Pre-requisite: COMALGE
Pre-requisite to: ECONTWO and LBYECO1

 

ECONTWO                Introduction to Macroeconomics
3 units
This course is an introduction to macroeconomics, which will provide students with sufficient understanding of the definition and determinants of aggregate variables in the economy. After a quick review of the fundamental principles of economic analysis, including graphing and theoretical concepts, the rest of the term will focus on learning the tools of macroeconomics, exploring the role of fiscal policy in stabilizing the economy, and studying functions of money and how it can be used as a policy tool in achieving a country’s macroeconomic goals.  Armed with the basics, the succeeding sessions will be devoted to deeper discussions of issues involving unemployment and inflation, government budget deficits, exchange rates, the open economy and other current policy concerns.

Pre-requisite: ECONONE
Pre-requisite to: LBYECO2, MACREC1, MICREC1 and ECOSTAT

 

LBYECO1                  Mathematical Economics 1 Lab.
0.5 unit
This course supplements the discussions in MATECO1, which aims to discuss how to solve problems in economics using Mathematica. Being familiar with statistical softwares such as Mathematica will open more learning opportunities and save a lot of time for students.

Pre-requisite: LBYECON and ECONONE
Pre-requisite to: LBYECO2

 

LBYECO2                  Mathematical Economics 2 Lab.
3 units
This course supplements the discussions in MATECO2 aims to discuss how to solve problems in economics using Mathematica. Solving problems manually is not always the best way to achieve learning, especially when problems are hard to do manually.

Pre-requisite: MATECO1, LBYECO1 and ECONTWO
Pre-requisite to: LBYMET2

 

MATECO1                 Mathematical Economics 1
3 units
This course represents the first in a sequence of two mathematical economics courses. The course discusses introductory concepts on the foundations and applications of one-variable calculus and its essential extensions to the multivariate case.  In essence, this course highlights how mathematics, in its formalized form, can be integrated into problems in  economics like comparative static analysis and highlight and emphasize essential model construction features that will ultimately lead to an enhanced capability to formal model building. This course should be taken simultaneously with LBYECO1 (Basic Mathematica 1).

Pre-requisite: BUSANA1
Pre-requisite to: MATECO2 and LBYECO2

 

MATECO2                 Mathematical Economics 2 (Lecture)
3 units
The course deals with the more advanced theories and economic applications of calculus of several variables and optimization. It specifically covers the different functions of several variables, implicit functions, total derivatives, differentials, higher-orders derivatives, and unconstrained and constrained optimization.  Building upon the skills learned from its predecessor, MATECO1, this course emphasizes on the logic of mathematical reasoning provided by proofs. This course should be taken simultaneously with LBYECO2 (Basic Mathematica 2).

Pre-requisite: MATECO1
Pre-requisite to: MICREC1, MACREC1 and ECOSTAT

 

Major Subjects

ECONDEV                 Economic Development
3 units
The course is designed to provide students with a thorough understanding of the concepts and principles of development economics and equip them of tools necessary to analyze, evaluate and interpret contemporary Philippine economic development issues.  The course includes a rigorous discussion of the models of economic growth and development as well as a critical analysis of these models particularly in the context of the experience of less developed countries. It will also look into current policy controversies in developing countries and alternative forms of financing economic growth.  Issues concerning trade orientation, trade reform and its effects on growth and development will be discussed along with financial reform and its effects on savings, investment and growth.   The course examines the critical problems and issues that these countries face as they try to develop, and the government policies that are implemented to address these issues. Classes are conducted principally through class discussions and lectures.

Pre-requisite:   None
Pre-requisite to: THSECO1

 

ECOSTAT                  Economic Statistics
3 units
This course is an introductory subject in statistical data analysis. Emphasis is given to the understanding of basic statistical tools and techniques as used by practicing economists.  This course also prepares the students for the rigors of empirical courses like econometrics and economic research.

Pre-requisite: ECONTWO and MATECO2
Pre-requisite to: ECONMET and LBYEMET

 

ECONMET                 Econometrics
3 units
This course uses basic econometric theory to enable students to appreciate the applications of this quantitative method in support of economic analysis.  Relying mainly on statistical inferences, the course allows students to understand economic behavior, effects on market agents and measure probable impacts of different policies and scenarios.

Pre-requisite: ECOSTAT
Pre-requisite to: METRESE

 

ECOIORG                  Economics of Industrial Organization
3 units
This course considers the different economic principles, concepts and consequences of inter-market agents’ relations.  These Interactions are considered within the context of horizontal, vertical, conglomerate and network perspectives. The anti-trust implications of inter-market agents’ relations using these perspectives are likewise considered.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none

 

ECOMET2                  Econometrics 2
3 units
This course is meant to provide Economics majors the opportunity to specialize on advance econometric modeling tools and techniques frequently used in the empirical literature.

Pre-requisite: ECONMET
Pre-requisite to: none

 

INTECON                   International Economics
3 units
The course deals with the economic basis of the global trade in goods and services. It covers various economic theories explaining the causes, pattern and gains from trade. In evaluating the gains from international trade, the course will analyze the effects of trade on production, consumption, employment, income distribution, economic growth, and social welfare. It will also cover the basis and implications of various commercial policies that can hinder the free flow of goods and services internationally.  The course will also feature causes, trends, and potential impact of international factor movements, particularly labor migration and capital flows. Finally, the course will present various avenues for regional economic integration.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: METRESE and THSECO1

 

LBYEMET                  Econometrics Laboratory
1.5 units
This course supplements the discussions in ECONMET, aims to discuss the use of software packages for data management and econometric analysis. You will be introduced to using EXCEL, EVIEWS, GRETL, MATHEMATICA, STATA, and many other software packages that are convenient, powerful, and practical.

Pre-requisite: ECOSTAT
Pre-requisite to: None

 

LBYMET2                  Econometrics 2 Laboratory
0.5 unit
This course is a supplement to Advanced Econometrics (ECOMET2) that allows hands-on demonstration of the estimation techniques to be learned in ECOMET2. This course uses Stata as the software to implement the estimation techniques and tests. It also provides an opportunity for students to conduct a study and apply the techniques learned on real-world data.

Pre-requisite:  LBYECO2
Pre-requisite to: none

 

MACREC1                 Macroeconomics 1
3 units
The course deals with the analysis of overall behavior of the economy. It will strive to explain trends or fluctuations in important macroeconomic aggregates like output, employment and prices. It will also cover important theoretical underpinnings behind different paradigms in macroeconomics as in Keynesian and classical models. Using basic aggregate demand and aggregate supply framework, the course will explain the determination of equilibrium output, prices, interest rates under a closed economy and open economy model. It will use microeconomic foundations to explain behavior of macro variables like consumption, investment, government spending etc.   Towards the end, special topics like theory of economic policy and inflation-unemployment trade-off will be discussed.  Discussion of theories will be related to recent developments in the economy which have important policy implications.

Pre-requisites: ECONTWO and MATECO2
Pre-requisite to: MACREC2 and METRESE

 

MACREC2                 Macroeconomics 2
3 units
This course will elucidate on core concepts and special topics in macroeconomics. It will deal with the analysis of the behavior of economic aggregates like output, employment, prices interest rates, exchange rate and balance of payment under more complex assumptions. It will tackle open economy macroeconomic models, explain the existence of hyperinflation and high unemployment, expound on the existence of business cycles and on the concept of long-run economic growth. It will give some attention to the role of expectations in accounting for intertemporal choices of household, firm, government sector and foreign sector.  It will strive to give an understanding of workings of financial markets and how current global financial crisis came to fore. In the end, it is hoped that students will be well equipped to analyze and understand with greater depth current macroeconomic problems within the local and international context.

Prerequisite:  MACREC1
Prerequisite to: INTECON, ECOIORG, MONBANK, and OPERRES

 

METRESE                  Methods of Research
3 units
This course initiates students into the experience of proposing a “discovery-based” economic research problem (as opposed to other forms of research, e.g., “action”, “pedagogical”, etc.). Through lectures, workshops, and group presentations, they are expected to produce a properly formatted research proposal containing an abstract, as well as introductory, review, theory and method chapters that are to be presented to their prospective thesis panelists.

Pre-requisite: MACREC1, MICREC1, CAFINS1, CAFINS2 and ECONMET
Pre-requisite to: THSECO1

 

MICREC1                   Microeconomics 1
3 units
This course is the first of a two-course Intermediate Microeconomic Theory sequence where it provides students with the central concepts of decision-making and optimization in a competitive market framework. Simple mathematical models are used to develop these concepts. It concentrates on the theories of consumer decision-making, production and costs, and the partial equilibrium competitive model. At the intermediate level, the course will provide students with a more theoretical treatment of topics that they have been exposed to in previous basic principles of economics courses.

Pre-requisite:   ECONTWO and MATECO2
Pre-requisite to: MICREC2 and METRESE

 

MICREC2                   Microeconomics 2
3 units
This course is the second of a two-course study of Intermediate Microeconomic Theory.  This course examines partial equilibrium analysis of price determination in the market for goods under imperfectly competitive structures (monopoly, oligopoly and monopolistic competition).  We then analyze the efficiency of a competitive model of market interdependence (e.g., general equilibrium and welfare).  Moreover, we will become familiar with the limits to optimal market allocation (market failures) due to externalities and public goods. Finally, special topics on optimal allocation and price determination in the market for production inputs (labor and capital services), decision-making under uncertainty, and the economics of information are taken up.

Prerequisite: MICREC1
Prerequisite to: INTECON, ECOIORG, MONBANK, and OPERRES

 

OPERRES                  Operations Research
3 units
The course tackles the relevance and applicability of quantitative tools in managerial decision-making. Specifically, it trains students to construct mathematical models of problem situations calling for executive action.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none

 

PRCECON                 Economics Practicum 
3 units
This course is the practical application of the theories and models discussed in the major subjects.  Students get to be exposed in the corporate world and prepare a research paper related to their assigned work. Students who are enrolled in the program are required to render at least two hundred (200) hours of practicum training with an organization that is based in the Philippines and are expected to submit a progress report on a periodic basis

Prerequisite: THSECO2
Prerequisite to: none

 

THSECO1                  Economics Research & Project Study 1
3 units
This course discusses the thesis proposal stage writing process where students meet their panel advisers to present their research proposal.

Pre-requisite: METRESE, INTECON and ECONDEV
Pre-requisite to: THSECO2

 

THSECO2                  Economics Research & Project Study 2 (no deferral)
3 units
This course is a continuation of Thesis Writing 1 where students meet regularly with their panel advisers to present their thesis.

Pre-requisite: THSECO1
Pre-requisite to: PRCECON

 

Industrial Economics Electives

CORPLAN                 Corporate Planning
3 units
This course focuses on the total planning-decision-making function of a corporate unit — an enterprise, a firm, a company, a corporation, or a group of companies – either a business organization or a service institution. It puts planning function in its proper relationship with the other coordinate development functions of policy and management; and addresses the social, political, and economic environments in which the unit operates.

Pre-requisite: MICREC2 and MACREC2
Prerequisite to: none

 

DEVPLAN                  Development Planning
3 units
This course discusses the use of economy-wide planning with emphasis on less developed countries. It also considers economic aggregates such as total output, investment, government spending, and foreign transactions, and explores sectoral relationships in the economy.

Pre-requisite: MICREC2 and MACREC2
Prerequisite to: none

 

ENRECON                 Energy & Resource Economics
3 units
The course is designed to enable students to appreciate the relevance of Economics into understanding energy markets.  Focus is given to the behaviour of firms, implications on consumer welfare, inter-firm relations and rationale of regulation mechanisms.

Pre-requisites: MICREC2 and MACREC2
Prerequisite to:

 

FINALEC                    Financial Economics
3units
This course is an introduction to the field of Financial Economics. In particular this course aims to introduce students to the main theoretical models used by financial economists. It will focus on risk attitudes, financial portfolio theory, and static equilibrium in capital markets.  The course is a blend of theory and technique. The material in this course is arranged to commence at the utility theoretic foundations of individual financial decisions under conditions of certainty and uncertainty and proceed to the theories of asset pricing and issues of capital market equilibrium. The course will also tackle the application of financial concepts and techniques. Due to time constraint, this course concentrates only on risk-free assets and risky securities including stocks and bonds and only.  Overall, the course provides a broad perspective of the economic foundations of Modern Portfolio Theory which is the subject of the course Portfolio Theory and Investment Analysis (PORTIVA).

The course relies heavily on concepts that have been introduced in the intermediate microeconomics course (MICREC1) such as utility maximization, individual demand, and perfectly competitive market equilibrium. In addition, the course will utilize mathematics and mathematical statistics in building the conceptual models of the financial markets. Therefore, students enrolled in this course are also expected to review the materials from their calculus (MATECO1, MATECO2) and statistics (ECOSTAT) courses. Also, knowledge of elementary concepts of probability theory would be very helpful for understanding some of the ideas developed in this course.

Pre-requisite:  MICREC2 and MACREC2
Pre-requisite to: None

 

MANAGEC                Managerial Economics
3 units
This course applies different economic principles, concepts and theories into managerial decision-making.  The perspective taken is formulation and implementation of inter-firm competitive strategy.

Pre-requisite: MICREC2 and MACREC2
Pre-requisite to: none

 

MONBANK                Money and Banking 
3 units
This course introduces the subject matter of money and banking from an economic perspective.  It focuses on the study of the behavior of money and credit, financial markets and institutions, interest rates, monetary policy and the interrelationship of money and banking to the economy as a whole.    The objective of the course is to acquaint students with the nature of money and its impact on commercial relationships both domestically and in an open economy world.  The structures of domestic commercial and central banking systems and the global financial system will be examined.  Attention will be extended to money related macroeconomic problems and governmental policies directed towards these problems.

Prerequisite: MICREC2 and MACREC2
Prerequisite to: None

 

PRANALY                  Project Analysis
3 units
This course is designed to provide students with a thorough understanding of the core concepts of Project Analysis, in order for them to apply the techniques in research, and use this as the basis for deciding systematically on various investment alternatives given at any point of time

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Accountancy
Degree Codes: Program – BSAE2   Plan – BSAE-I/ACC

 

This program combines the disciplines of economics and accountancy to equip students with the skills necessary to understand and apply economic theory to real world problems specifically those encountered in a corporate setting or business environmentand and to prepare the student for a career in accountancy and related fields. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

Students are prepared to take the Certified Public Accountant (CPA) licensure examination. The program also aims to provide vital skills and technical knowledge required in formal accounting work through specialized courses in auditing practice, cost accounting, and financial accounting, among others. The economics curriculum encompasses important fields like corporate planning, financial economics, industrial organization, international trade and finance, money and banking, and other fields directly relevant to the business world.

It takes 14 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 274 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Accountancy

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Advertising Management
Degree Codes: Program – BSAE2 Plan – BSAE-I/ADV

 

This program combines the field of economics and the specialization in advertising management to equip students with the skills and knowledge to understand and apply economic theory to real world problems specifically in understanding consumer and firm behaviour as the basis for the formulation of effective advertising strategies. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. With the economics of choice as the underlying principle, students under this program will also learn skills required in the systematic conceptualization, implementation, evaluation and able management of advertising programs and projects.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 225 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Advertising Management

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Applied Corporate Management
Degree Codes: Program – BSAE2   Plan – BSAE-I/APC

 

This program combines the fields of economics and corporate management to equip students with the skills to understand and apply economic theory to real world problems that are faced in a corporate environment. The program aims to provide students with both theoretical knowledge and practical experience in the various aspects of business and nurture a well-rounded manager equipped with both technical and management skills. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 15 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 225 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

BS in Applied Corporate Management

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Business Management
Degree Codes: Program – BSAE2   Plan – BSAE-I/MGT

 

This program combines the disciplines of economics and business management to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding how firms adapt within the macroeconomic and microeconomic environments. Students under this program will also learn skills required in understanding business operations and effective business management. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 12 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 240 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Business Management

Updated: July 29, 2013

 

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Legal Management
Degree Codes: Program – BSAE2   Plan – BSAE-I/LGL

This program combines the disciplines of economics and law to equip students with the skills to understand and apply economic theory to real world problems specifically in legal matters requiring in-depth economic analysis. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. The degree proagram is also designed to prepare the student for a career in law.

It takes 12 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 216 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Legal Management

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in the Management of Financial Institutions
Degree Codes: Program – BSAE2   Plan – BSAE-I/FIN

This program combines the disciplines of economics and finance to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding the impact of developmental policies on shaping expectations and risk orientation or attitudes of consumer and firms, imperfections in the financial markets, and asset valuation. Taking advantage of the strong complementarity between finance and economics, students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. Students under this program will also learn practical and technical skills required in understanding the conduct of financial markets, their relation to the macroeconomy and the practical aspects of financial institution management, an important functional area in practical business management.

It takes 12 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to complete 219 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses and undertake separate practicum work that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Management of Financial Institutions

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Industrial Economics and Bachelor of Science in Marketing Management
Degree Codes: Program- BSAE2   Plan – BSAE-I/MKT

This program combines the disciplines of economics and marketing to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding consumer and firm behaviour as the basis for formulating marketing strategies. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. With the economics of choice as the underlying principle, students under this program will also learn skills as well as formulate strategies required in carrying out effective marketing practice.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 213 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Industrial Economics

Bachelor of Science in Marketing Management

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Financial Economics
Degree Codes: Program – BSAEC   Plan – BSAE-FE

 

The applied economics major in financial economics program is designed to equip students with knowledge in economic theory and the basic skills needed for undertaking economic analysis in general and their application to financial markets and financial decision making. The program is for those interested in pursuing a career in financial analysis.

Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. Aside from incorporating mathematical and logical rigor, the curriculum encompasses important fields like financial statement analysis, international trade and finance, money and banking, futures, options and derivatives, portfolio analysis, and other fields directly related to finance.

It takes 9 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to sucessfully complete 159 units of formal academic coursework as well as comply with other academic requirements set by the department. Students will also have to take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write a  thesis that conforms with standards prescribed by the department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Course Descriptions

BASIC SUBJECTS

LBYECON Computer Package 1 for Economcis Major
3 units

This course aims to introduce students to basic computer concepts. It is designed to provide students with a broad understanding of the World Wide Web/Information Technology (IT), and provides an initial description of the Microsoft Windows XP environment and usage of the Microsoft Office suite.

Pre-requisite: none
Pre-requisite to: none


ECONONE Basic Microeconomics
3 units

The course aims to give an understanding and appreciation of the basic theories and concepts in economics and their applications to current national and international economic concerns. In addition, this course exposes the students to alternative tools of economics analysis and how they are used to solve the problems of a country.

Pre-requisite: COMALGE
Pre-requisite to: ECONTWO and LBYECO1


ECONTWO Introduction to Macroeconomics
3 units

This course is an introduction to macroeconomics, which will provide students with sufficient understanding of the definition and determinants of aggregate variables in the economy. After a quick review of the fundamental principles of economic analysis, including graphing and theoretical concepts, the rest of the term will focus on learning the tools of macroeconomics, exploring the role of fiscal policy in stabilizing the economy, and studying functions of money and how it can be used as a policy tool in achieving a country’s macroeconomic goals. Armed with the basics, the succeeding sessions will be devoted to deeper discussions of issues involving unemployment and inflation, government budget deficits, exchange rates, the open economy and other current policy concerns.

Pre-requisite: ECONONE
Pre-requisite to: LBYECO2, MACREC1, MICREC1 and ECOSTAT


LBYECO1 Mathematical Economics 1 Lab.
0.5 unit

This course supplements the discussions in MATECO1, which aims to discuss how to solve problems in economics using Mathematica. Being familiar with statistical softwares such as Mathematica will open more learning opportunities and save a lot of time for students.

Pre-requisite: LBYECON and ECONONE
Pre-requisite to: LBYECO2


LBYECO2 Mathematical Economics 2 Lab.
0.5 unit

This course supplements the discussions in MATECO2 aims to discuss how to solve problems in economics using Mathematica. Solving problems manually is not always the best way to achieve learning, especially when problems are hard to do manually.

Pre-requisite: MATECO1, LBYECO1 and ECONTWO
Pre-requisite to: None


MATECO1 Mathematical Economics 1
3 units

This course represents the first in a sequence of two mathematical economics courses. The course discusses introductory concepts on the foundations and applications of one-variable calculus and its essential extensions to the multivariate case. In essence, this course highlights how mathematics, in its formalized form, can be integrated into problems in economics like comparative static analysis and highlight and emphasize essential model construction features that will ultimately lead to an enhanced capability to formal model building. This course should be taken simultaneously with LBYECO1 (Basic Mathematica 1).

Pre-requisite: BUSANA1
Pre-requisite to: MATECO2 and LBYECO2


MATECO2 Mathematical Economics 2 (Lecture)
3 units

The course deals with the more advanced theories and economic applications of calculus of several variables and optimization. It specifically covers the different functions of several variables, implicit functions, total derivatives, differentials, higher-orders derivatives, and unconstrained and constrained optimization. Building upon the skills learned from its predecessor, MATECO1, this course emphasizes on the logic of mathematical reasoning provided by proofs. This course should be taken simultaneously with LBYECO2 (Basic Mathematica 2).

Pre-requisite: MATECO1
Pre-requisite to: MICREC1, MACREC1 and ECOSTAT


CAFINS1 Corporate Accounting and Financial Statement Analysis 1
3 units

This is the first of a two-part course in corporate accounting and corporate financial statement analysis. Part I of this course deals with transactions, financial statements and problems peculiar to the operations of corporations as distinguished from the sole proprietorship. Special topics on book value per share and earnings per share are also included. Part II of this course provides students with the basic principles, techniques and analytical tools needed in conducting financial analysis, in evaluating and forecasting a business firm’s short-term financial performance and profit planning. It also deals with managing working capital, with focus on cash, marketable securities, accounts receivables, inventories and short term financing sources.

Pre-requisite:
Pre-requisite to: CAFINS2


CAFINS2 Corporate Accounting and Financial Statement Analysis 2
3 units

This is the second of a two-part course in corporate accounting and corporate financial statement analysis. It covers the more complex and long-term aspects of financial decisions such as valuation of financial assets, risk and return, medium to long-term investments, capital structure, dividend policy and hybrid securities.

Pre-requisite: CAFINS1
Pre-requisite to:


MAJOR SUBJECTS

ECONDEV Economic Development
3 units

The course is designed to provide students with a thorough understanding of the concepts and principles of development economics and equip them of tools necessary to analyze, evaluate and interpret contemporary Philippine economic development issues. The course includes a rigorous discussion of the models of economic growth and development as well as a critical analysis of these models particularly in the context of the experience of less developed countries. It will also look into current policy controversies in developing countries and alternative forms of financing economic growth. Issues concerning trade orientation, trade reform and its effects on growth and development will be discussed along with financial reform and its effects on savings, investment and growth. The course examines the critical problems and issues that these countries face as they try to develop, and the government policies that are implemented to address these issues. Classes are conducted principally through class discussions and lectures.

Pre-requisite: None
Pre-requisite to: THSECO1


ECOSTAT Economic Statistics
3 units

This course is an introductory subject in statistical data analysis. Emphasis is given to the understanding of basic statistical tools and techniques as used by practicing economists. This course also prepares the students for the rigors of empirical courses like econometrics and economic research.

Pre-requisite: ECONTWO and MATECO2
Pre-requisite to: FINALEC, ECONMET and LBYEMET


ECONMET Econometrics
3 units

This course uses basic econometric theory to enable students to appreciate the applications of this quantitative method in support of economic analysis. Relying mainly on statistical inferences, the course allows students to understand economic behavior, effects on market agents and measure probable impacts of different policies and scenarios.

Pre-requisite: ECOSTAT
Pre-requisite to: METRESE, ECONMETF and PORTIVA


ECOMETF Financial Econometrics
3 units

This course is designed to provide the students the opportunity to learn and apply certain advanced econometric modeling tools and techniques frequently used in the empirical financial economics literature.

Pre-requisite: ECONMET
Pre-requisite to: NONE


INTRAFN International Trade and Finance
3 units

This is an introductory course in international trade and open-economy macroeconomics (also know as international finance). It examines both the microeconomic and macroeconomic issues relevant to the economic relations among countries via international trade. The first half of the course tackles the microeconomic issues of international trade and includes such issues as why countries trade, what do countries trade, how gains from trade are distributed, and protectionism versus free trade and regional economic integration. The second half of the course deals with issues in international finance or open-economy macroeconomics such as the markets for currencies and exchange rates, exchange rate regimes (fixed versus flexible), balance of payments, foreign exchange rate adjustment processes, and the role of monetary and fiscal policies in an open economy.

Pre-requisite: MACREC2, MICREC2, FINALEC
Pre-requisite to: FOPDERV


ECOINFO Economics of Information and Game Theory
3 units

This course is an introduction to the economics of information and game theory. Specifically, it introduces students to an economic methodology that tackles what happens when economic agents maximize their utility subject to constraints imposed by their information, endowments and production functions. It examines strategic behavior among parties having opposed, mixed or similar interests. It also explores how information is subject to the laws of economics and provides students with an understanding of how they affect strategy, structure and pricing.

Pre-requisite: MACREC2, MICREC2, ECONMET
Pre-requisite to: PORTIVA


FINALEC Financial Economics
3 unts

This course is an introduction to the field of Financial Economics. In particular this course aims to introduce students to the main theoretical models used by financial economists. It will focus on risk attitudes, financial portfolio theory, and static equilibrium in capital markets. The course is a blend of theory and technique. The material in this course is arranged to commence at the utility theoretic foundations of individual financial decisions under conditions of certainty and uncertainty and proceed to the theories of asset pricing and issues of capital market equilibrium. The course will also tackle the application of financial concepts and techniques. Due to time constraint, this course concentrates only on risk-free assets and risky securities including stocks and bonds and only. Overall, the course provides a broad perspective of the economic foundations of Modern Portfolio Theory which is the subject of the course Portfolio Theory and Investment Analysis (PORTIVA).

Pre-requisite: MICREC1, ECOSTAT
Pre-requisite to: PORTIVA


LBYEMET Econometrics Laboratory
1.5 units

This course supplements the discussions in ECONMET, aims to discuss the use of software packages for data management and econometric analysis. You will be introduced to using EXCEL, EVIEWS, GRETL, MATHEMATICA, STATA, and many other software packages that are convenient, powerful, and practical.

Pre-requisite: ECOSTAT
Pre-requisite to: None


LBYMET2 Econometrics 2 Laboratory
0.5 unit

This course is a supplement to Advanced Econometrics (ECOMET2) that allows hands-on demonstration of the estimation techniques to be learned in ECOMET2. This course uses Stata as the software to implement the estimation techniques and tests. It also provides an opportunity for students to conduct a study and apply the techniques learned on real-world data.

Pre-requisite: LBYECO2
Pre-requisite to: none


MACREC1 Macroeconomics 1
3 units

The course deals with the analysis of overall behavior of the economy. It will strive to explain trends or fluctuations in important macroeconomic aggregates like output, employment and prices. It will also cover important theoretical underpinnings behind different paradigms in macroeconomics as in Keynesian and classical models. Using basic aggregate demand and aggregate supply framework, the course will explain the determination of equilibrium output, prices, interest rates under a closed economy and open economy model. It will use microeconomic foundations to explain behavior of macro variables like consumption, investment, government spending etc. Towards the end, special topics like theory of economic policy and inflation-unemployment trade-off will be discussed. Discussion of theories will be related to recent developments in the economy which have important policy implications.

Pre-requisites: ECONTWO and MATECO2
Pre-requisite to: MACREC2 and METRESE


MACREC2 Macroeconomics 2
3 units

This course will elucidate on core concepts and special topics in macroeconomics. It will deal with the analysis of the behavior of economic aggregates like output, employment, prices interest rates, exchange rate and balance of payment under more complex assumptions. It will tackle open economy macroeconomic models, explain the existence of hyperinflation and high unemployment, expound on the existence of business cycles and on the concept of long-run economic growth. It will give some attention to the role of expectations in accounting for intertemporal choices of household, firm, government sector and foreign sector. It will strive to give an understanding of workings of financial markets and how current global financial crisis came to fore. In the end, it is hoped that students will be well equipped to analyze and understand with greater depth current macroeconomic problems within the local and international context.

Prerequisite: MACREC1
Prerequisite to: INTRAFN, ECOINFO, MONBANK, OPERRES, PORTIVA and FOPDERV


METRESE Methods of Research
3 units

This course initiates students into the experience of proposing a “discovery-based” economic research problem (as opposed to other forms of research, e.g., “action”, “pedagogical”, etc.). Through lectures, workshops, and group presentations, they are expected to produce a properly formatted research proposal containing an abstract, as well as introductory, review, theory and method chapters that are to be presented to their prospective thesis panelists.

Pre-requisite: MACREC1, MICREC1, CAFINS1, CAFINS2 and ECONMET
Pre-requisite to: THSECO1


MICREC1 Microeconomics 1
3 units

This course is the first of a two-course Intermediate Microeconomic Theory sequence where it provides students with the central concepts of decision-making and optimization in a competitive market framework. Simple mathematical models are used to develop these concepts. It concentrates on the theories of consumer decision-making, production and costs, and the partial equilibrium competitive model. At the intermediate level, the course will provide students with a more theoretical treatment of topics that they have been exposed to in previous basic principles of economics courses.

Pre-requisite: ECONTWO and MATECO2
Pre-requisite to: MICREC2 and METRESE


MICREC2 Microeconomics 2
3 units

This course is the second of a two-course study of Intermediate Microeconomic Theory. This course examines partial equilibrium analysis of price determination in the market for goods under imperfectly competitive structures (monopoly, oligopoly and monopolistic competition). We then analyze the efficiency of a competitive model of market interdependence (e.g., general equilibrium and welfare). Moreover, we will become familiar with the limits to optimal market allocation (market failures) due to externalities and public goods. Finally, special topics on optimal allocation and price determination in the market for production inputs (labor and capital services), decision-making under uncertainty, and the economics of information are taken up.

Prerequisite: MICREC1
Prerequisite to: INTRAFN, ECOINFO, MONBANK, OPERRES, PORTIVA and FOPDERV


OPERRES Operations Research
3 units

The course tackles the relevance and applicability of quantitative tools in managerial decision-making. Specifically, it trains students to construct mathematical models of problem situations calling for executive action.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none


PRCECON Economics Practicum
3 units

This course is the practical application of the theories and models discussed in the major subjects. Students get to be exposed in the corporate world and prepare a research paper related to their assigned work. Students who are enrolled in the program are required to render at least two hundred (200) hours of practicum training with an organization that is based in the Philippines and are expected to submit a progress report on a periodic basis.

Prerequisite: THSECO2
Prerequisite to: none


THSECO1 Economics Research & Project Study 1
3 units

This course discusses the thesis proposal stage writing process where students meet their panel advisers to present their research proposal.

Pre-requisite: METRESE, INTRAFN and ECONDEV
Pre-requisite to: THSECO2


THSECO2 Economics Research & Project Study 2 (no deferral)
3 units

This course is a continuation of Thesis Writing 1 where students meet regularly with their panel advisers to present their thesis.

Pre-requisite: THSECO1
Pre-requisite to: none


FINANCIAL ECONOMICS ELECTIVES

PORTIVA Portfolio Choice and Investment Analysis
3 units

This course provides the economic framework that describes the environment in which portfolio managers, security analysts, investment advisors, and investors make choices. Specifically, it extends the concepts in portfolio choice introduced in FINALEC to the case of more than two risky securities and introduces students to the analytical models and techniques used in investment management, investment performance analysis, and security valuation. This course is a blend of theory and technique using spreadsheet and model building tools such as Excel’s Solver and Regression Analysis tools, and estimation using econometric software such as Stata that has been introduced in ECONMET. The course relies heavily on mathematics and statistics/econometrics in building the conceptual models of financial markets. Therefore, students are expected to review the materials from the courses in linear algebra, calculus, and statistics/econometrics.

Pre-requisite: MACREC2, MICREC2, ECOINFO, FINALEC, ECONMET
Pre-requisite to: none


MONBANK Money and Banking
3 units

This course introduces the subject matter of money and banking from an economic perspective. It focuses on the study of the behavior of money and credit, financial markets and institutions, interest rates, monetary policy and the interrelationship of money and banking to the economy as a whole. The objective of the course is to acquaint students with the nature of money and its impact on commercial relationships both domestically and in an open economy world. The structures of domestic commercial and central banking systems and the global financial system will be examined. Attention will be extended to money related macroeconomic problems and governmental policies directed towards these problems.

Prerequisite: MICREC2 and MACREC2
Prerequisite to: None


FOPDERV Futures, Options and Other Derivatives
3 units

This course is designed to introduce students to a category of financial instruments whose value derives from the values of other, more fundamental, underlying variables. Specifically, this course examines the theoretical models, techniques and skills related to the valuation of derivative-related financial instruments such as forwards, futures, swaps, and options. These skills include understanding how derivatives work (mechanics), how they are used hedging, trading, other strategic analysis), and how they are priced (valuation).

Prerequisite: MACREC2, MICREC2, FINALEC, INTRAFN
Prerequisite to: None

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in Accountancy
Degree Codes: Program – BSAE2   Plan – BSAE-F/ACC

 

This program combines the disciplines of financial economics and accountancy to equip students with the skills necessary to apply economic theory to an understanding of financial markets and financial dicision-making and to prepare the student for a career in finance, accountancy, and related fields. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic.  They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

Students are also prepared to take the Certified Public Accountant (CPA) licensure examination. The program will provide vital skills and the technical knowledge required in formal accounting work through specialized courses in auditing practice, cost accounting, and financial accounting, among others. The economics curriculum encompasses important fields like financial statement analysis, international trade and finance, money and banking, futures, options and derivatives, portfolio analysis, and other fields directly related to finance.

It takes 14 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 274 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science in Applied Economics major in Financial Economics

Bachelor of Science in Accountancy

Updated: July 29, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in Advertising Management
Degree Codes: Program- BSAE2 Plan – BSAE-F/ADV

This program combines the field of financial economics and the specialization in advertising management to equip students with the skills and knowledge to understand and apply economic theory to real world problems specifically in understanding financial markets and financial decision-making and consumer and firm behaviour as the basis for the formulation of effective advertising strategies. It is designed for students who wish to pursue a career in either in finance or marketing or both.

Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 225 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science major in Financial Economics

Bachelor of Science in Advertising Management

 

Updated: July 24, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in Applied Corporate Management
Degree Codes: Program- BSAE2 Plan – BSAE-F/APC

This program combines the fields of financial economics and corporate management to equip students with the skills to apply economic theory to an understanding of financial markets and financial decision-making and to real world problems that are faced in a corporate environment. The program aims to provide students with both theoretical knowledge and practical experience in the various aspects of business and nurture a well-rounded manager equipped with both technical and management skills with a focus on corporate finance. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 15 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 225 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science major in Financial Economics

BS in Applied Corporate Management

 

Updated: July 24, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in Business Management
Degree Codes: Program- BSAE2 Plan – BSAE-F/MGT

This program combines the disciplines of financial economics and business management to equip students with the skills to apply economic theory to an understanding of financial markets and financial decision-making and how firms adapt to the macroeconomic and microeconomic environments. Students under this program will learn skills in financial analysis and effective business management. It is quite suitable for students who are interested in pursuing a career in management with a strong focus on financial management.

Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 12 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 240 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science major in Financial Economics

Bachelor of Science in Business Management

 

Updated: July 24, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in Legal Management
Degree Codes: Program- BSAE2 Plan – BSAE-F/LGL

This program combines the disciplines of financial economics and law to equip students with the skills to apply economic theory to an understanding of financial markets and financial decision-making and legal matters requiring in-depth economic analysis. Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. The degree proagram is also designed to prepare the student for a career in finance and law.

It takes 12 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 216 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science major in Financial Economics

Bachelor of Science in Legal Management

 

Updated: July 24, 2013

Bachelor of Science in Applied Economics major in Financial Economics and Bachelor of Science in the Management of Financial Institutions
Degree Codes: Program- BSAE2 Plan – BSAE-F/FIN

This program combines the disciplines of financial economics and financial management to equip students with the skills to apply economic theory to an understanding of financial markets and financial decision-making and prepare them for a career in financial analysis and management. Taking advantage of the strong complementarity between finance and economics, students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life. Students under this program will also learn practical and technical skills required in understanding the conduct of financial markets, their relation to the macroeconomy and the practical aspects of financial institution management, an important functional area in practical business management.

It takes 12 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to complete 219 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses and undertake separate practicum work that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Descriptions

Bachelor of Science major in Financial Economics

Bachelor of Science in Management of Financial Institutions

 

Updated: July 24, 2013

BS in Applied Economics major in Financial Economics and BS in Marketing Management
Degree Codes: Program- BSAE2 Plan – BSAE-F/MKT

This program combines the disciplines of financial economics and marketing to equip students with the skills to apply economic theory to real world problems specifically in understanding financial markets and financial decision-making and consumer and firm behaviour as the basis for formulating marketing strategies. The program prepares students for a career in financial analysis and or marketing management.

Students will learn the importance of formal economic and econometric modeling frameworks and strategies emphasizing the increasingly dominant role of mathematics and logic. They will develop the ability to communicate the essential aspects of economic policy and its implications through applied research, develop problem solving skills, and integrate the core La Sallian values into one’s life.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 213 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects for their wholistic development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity.

 

Course Description

Bachelor of Science major in Financial Economics

Bachelor of Science in Marketing Management

 

Updated: July 24, 2013

Bachelor of Arts major in Economics
Degree Codes: Program- ABECO Plan – ABECO

The AB Economics program is designed to equip students with knowledge in economic theory and skills for undertaking economic analysis. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country.

It takes 9 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 162 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the economics track are required.

Bachelor of Arts major in Economics

Course Descriptions

BASIC SUBJECTS

COMP1AE      Computer Applications for Applied Economics 1
3 units

This course aims to introduce students to basic computer concepts. It is designed to provide students with a broad understanding of the World Wide Web/Information Technology (IT), and provides an initial description of the Microsoft Windows XP environment and usage of the Microsoft Office suite.

Pre-requisite: none
Pre-requisite to: none


ECONONE      Introduction to Microeconomics
3 units

The course aims to give an understanding and appreciation of the basic theories and concepts in economics and their applications to current national and international economic concerns. In addition, this course exposes the students to alternative tools of economics analysis and how they are used to solve the problems of a country.

Pre-requisite: COMALGE
Pre-requisite to: ECONTWO


ECONTWO      Introduction to Microeconomics
3 units

This course is an introduction to macroeconomics, which will provide students with sufficient understanding of the definition and determinants of aggregate variables in the economy. After a quick review of the fundamental principles of economic analysis, including graphing and theoretical concepts, the rest of the term will focus on learning the tools of macroeconomics, exploring the role of fiscal policy in stabilizing the economy, and studying functions of money and how it can be used as a policy tool in achieving a country’s macroeconomic goals. Armed with the basics, the succeeding sessions will be devoted to deeper discussions of issues involving unemployment and inflation, government budget deficits, exchange rates, the open economy and other current policy concerns.

Pre-requisite: ECONONE
Pre-requisite to: MACREC1, MICREC1 and ECONDEV


LBYECO1       Basic Mathematica 1
1 unit

This course supplements the discussions in MATECO1, which aims to discuss how to solve problems in economics using Mathematica. Being familiar with statistical softwares such as Mathematica will open more learning opportunities and save a lot of time for students.

Pre-requisite: COMP1AE and ECONONE
Pre-requisite to: LBYECO2


LBYECO2      Basic Mathematica 2
1 unit

This course supplements the discussions in MATECO2 aims to discuss how to solve problems in economics using Mathematica. Solving problems manually is not always the best way to achieve learning, especially when problems are hard to do manually.

Pre-requisite: MATECO1, LBYECO1 and ECONTWO
Pre-requisite to: LBYEMET


MATECO1       Mathematical Economics 1
3 units

This course represents the first in a sequence of two mathematical economics courses. The course discusses introductory concepts on the foundations and applications of one-variable calculus and its essential extensions to the multivariate case. In essence, this course highlights how mathematics, in its formalized form, can be integrated into problems in economics like comparative static analysis and highlight and emphasize essential model construction features that will ultimately lead to an enhanced capability to formal model building. This course should be taken simultaneously with LBYECO1 (Basic Mathematica 1).

Pre-requisite: BUSMATH
Pre-requisite to: MATECO2 and LBYECO1


MATECO2      Mathematical Economics 2
3 units

The course deals with the more advanced theories and economic applications of calculus of several variables and optimization. It specifically covers the different functions of several variables, implicit functions, total derivatives, differentials, higher-orders derivatives, and unconstrained and constrained optimization. Building upon the skills learned from its predecessor, MATECO1, this course emphasizes on the logic of mathematical reasoning provided by proofs. This course should be taken simultaneously with LBYECO2 (Basic Mathematica 2).

Pre-requisite: MATECO1
Pre-requisite to: MICREC1, MACREC1 and ECOSTAT


MAJOR SUBJECTS

ECOIORG      Industrial Organization
3 units

This course considers the different economic principles, concepts and consequences of inter-market agents’ relations. These Interactions are considered within the context of horizontal, vertical, conglomerate and network perspectives. The anti-trust implications of inter-market agents’ relations using these perspectives are likewise considered.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none


ECONDEV      Economic Development
3 units

The course is designed to provide students with a thorough understanding of the concepts and principles of development economics and equip them of tools necessary to analyze, evaluate and interpret contemporary Philippine economic development issues. The course includes a rigorous discussion of the models of economic growth and development as well as a critical analysis of these models particularly in the context of the experience of less developed countries. It will also look into current policy controversies in developing countries and alternative forms of financing economic growth. Issues concerning trade orientation, trade reform and its effects on growth and development will be discussed along with financial reform and its effects on savings, investment and growth. The course examines the critical problems and issues that these countries face as they try to develop, and the government policies that are implemented to address these issues. Classes are conducted principally through class discussions and lectures.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: THSECO1


ECOSTAT      Economic Statistics
3 units

This course is an introductory subject in statistical data analysis. Emphasis is given to the understanding of basic statistical tools and techniques as used by practicing economists. This course also prepares the students for the rigors of empirical courses like econometrics and economic research.

Pre-requisite: ECONTWO and MATECO2
Pre-requisite to: ECONMET and LBYEMET


ECONMET      Introduction to Econometrics
3 units

This course uses basic econometric theory to enable students to appreciate the applications of this quantitative method in support of economic analysis. Relying mainly on statistical inferences, the course allows students to understand economic behavior, effects on market agents and measure probable impacts of different policies and scenarios.

Pre-requisite: ECOSTAT
Pre-requisite to: METRESE


ECOMET2      Advanced Econometrics
3 units

This course is meant to provide Economics majors the opportunity to specialize on advance econometric modeling tools and techniques frequently used in the empirical literature.

Pre-requisite: ECONMET and LBYEMET
Pre-requisite to: none


INTECON      International Economics
3 units

The course deals with the economic basis of the global trade in goods and services. It covers various economic theories explaining the causes, pattern and gains from trade. In evaluating the gains from international trade, the course will analyze the effects of trade on production, consumption, employment, income distribution, economic growth, and social welfare. It will also cover the basis and implications of various commercial policies that can hinder the free flow of goods and services internationally. The course will also feature causes, trends, and potential impact of international factor movements, particularly labor migration and capital flows. Finally, the course will present various avenues for regional economic integration.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: INTEFIN


LBYEMET      Laboratory for Econometrics
1.5 units

This course supplements the discussions in ECONMET, aims to discuss the use of software packages for data management and econometric analysis. You will be introduced to using EXCEL, EVIEWS, GRETL, MATHEMATICA, STATA, and many other software packages that are convenient, powerful, and practical.

Pre-requisite: ECOSTAT
Pre-requisite to: LBYMET2


LBYMET2      Advanced Econometrics Laboratory 2
1 unit

This course is a supplement to Advanced Econometrics (ECOMET2) that allows hands-on demonstration of the estimation techniques to be learned in ECOMET2. This course uses Stata as the software to implement the estimation techniques and tests. It also provides an opportunity for students to conduct a study and apply the techniques learned on real-world data.

Pre-requisite: ECOMET and LBYEMET
Pre-requisite to: none


MACREC1      Macroeconomics 1
3 units

The course deals with the analysis of overall behavior of the economy. It will strive to explain trends or fluctuations in important macroeconomic aggregates like output, employment and prices. It will also cover important theoretical underpinnings behind different paradigms in macroeconomics as in Keynesian and classical models. Using basic aggregate demand and aggregate supply framework, the course will explain the determination of equilibrium output, prices, interest rates under a closed economy and open economy model. It will use microeconomic foundations to explain behavior of macro variables like consumption, investment, government spending etc. Towards the end, special topics like theory of economic policy and inflation-unemployment trade-off will be discussed. Discussion of theories will be related to recent developments in the economy which have important policy implications.

Pre-requisites: ECONTWO and MATECO2
Pre-requisite to: MACREC2


MACREC2      Macroeconomics 2
3 units

This course will elucidate on core concepts and special topics in macroeconomics. It will deal with the analysis of the behavior of economic aggregates like output, employment, prices interest rates, exchange rate and balance of payment under more complex assumptions. It will tackle open economy macroeconomic models, explain the existence of hyperinflation and high unemployment, expound on the existence of business cycles and on the concept of long-run economic growth. It will give some attention to the role of expectations in accounting for intertemporal choices of household, firm, government sector and foreign sector. It will strive to give an understanding of workings of financial markets and how current global financial crisis came to fore. In the end, it is hoped that students will be well equipped to analyze and understand with greater depth current macroeconomic problems within the local and international context.

Prerequisite: MATECO2 and MACREC1
Prerequisite to: ECONDEV, INTECON, METRESE and ECOIORG/PUBFINA


METRESE      Methods of Research
3 units

This course initiates students into the experience of proposing a “discovery-based” economic research problem (as opposed to other forms of research, e.g., “action”, “pedagogical”, etc.). Through lectures, workshops, and group presentations, they are expected to produce a properly formatted research proposal containing an abstract, as well as introductory, review, theory and method chapters that are to be presented to their prospective thesis panelists.

Pre-requisite: MACREC1, MICREC1 and ECONMET
Pre-requisite to: THSECO1


MICREC1      Intermediate Microeconomic Theory I 3 units

This course is the first of a two-course Intermediate Microeconomic Theory sequence where it provides students with the central concepts of decision-making and optimization in a competitive market framework. Simple mathematical models are used to develop these concepts. It concentrates on the theories of consumer decision-making, production and costs, and the partial equilibrium competitive model. At the intermediate level, the course will provide students with a more theoretical treatment of topics that they have been exposed to in previous basic principles of economics courses.

Pre-requisite: ECONTWO and MATECO2
Pre-requisite to: MICREC2


MICREC2      Intermediate Microeconomic Theory II
3 units

This course is the second of a two-course study of Intermediate Microeconomic Theory. This course examines partial equilibrium analysis of price determination in the market for goods under imperfectly competitive structures (monopoly, oligopoly and monopolistic competition). We then analyze the efficiency of a competitive model of market interdependence (e.g., general equilibrium and welfare). Moreover, we will become familiar with the limits to optimal market allocation (market failures) due to externalities and public goods. Finally, special topics on optimal allocation and price determination in the market for production inputs (labor and capital services), decision-making under uncertainty, and the economics of information are taken up.

Prerequisite: MICREC1
Prerequisite to: INTECON, ECONDEV, METRESE and ECOIORG/PUBFINA


PUBFINA      Public Finance
3 units

The course focuses on the microeconomic implications of government activity, that is, how it affects the allocation of existing resources and the distribution of income. It focuses not only with the positive aspects (the analysis of the impact of government taxes and spending activities) but more so with the normative aspects (an evaluation of the desirability of a policy). It also introduces the student to the framework and tools used in the economic analysis of government policies and illustrate their application to some of the tax and expenditure programs of governments.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none


OPERRES      Operations Research
3 units

The course tackles the relevance and applicability of quantitative tools in managerial decision-making. Specifically, it trains students to construct mathematical models of problem situations calling for executive action.

Pre-requisite: MACREC2 and MICREC2
Pre-requisite to: none


PRCECON      Economics Practicum
3 units

This course is the practical application of the theories and models discussed in the major subjects. Students get to be exposed in the corporate world and prepare a research paper related to their assigned work. Students who are enrolled in the program are required to render at least two hundred (200) hours of practicum training with an organization that is based in the Philippines and are expected to submit a progress report on a periodic basis.

Prerequisite: THSECO2
Prerequisite to: none


THSECO1      Thesis Writing 1
3 units

This course discusses the thesis proposal stage writing process where students meet their panel advisers to present their research proposal.

Pre-requisite: METRESE, INTECON and ECONDEV
Pre-requisite to: THSECO2


THSECO2      Thesis Writing 2
3 units

This course is a continuation of Thesis Writing 1 where students meet regularly with their panel advisers to present their thesis.

Pre-requisite: THSECO1
Pre-requisite to: none


AB ECONOMICS ELECTIVES

AGRIECO      Agricultural Economics
3 units

The course provides a complex approach to the agricultural food sector and to its role in the economy and in the society. It discusses the major characteristics of agriculture at microeconomic, macroeconomic and international levels. Also, the course helps to understand the complex problem of agricultural and rural development, and encourages the students to create new alternatives for the development of the Philippine agriculture and rural life.

Prerequisite: MACREC2 and MICREC2
Prerequisite to: none


COMPRES      Comparative Economic Systems
3 units

This course discusses the different mechanisms for organizing economic units in different societies and decision making in response to economic problems. It concentrates on problems in production and distribution as well as understanding the limitations of different economic systems.

Pre-requisite: MICREC2, MACREC2 and ECONDEV
Pre-requisite to: none


ECONHIS      Philippine Economic History
3 units

This course is designed to provide students with a thorough understanding of the concepts and principles of development economic as they apply to Philippine economic history. It provides a rigorous discussion of the models of economic growth and development as well as a critical analysis of these models particularly in the context of the experience of less developed countries. It also examines the critical problems and issues that the country faces as it tries to develop, and the government policies that are implemented to address these issues.

Pre-requisite: MACREC2, MICREC2 and ECONDEV
Pre-requisite to: none


GRWECON      Growth Economics
3 units

This course explores the modern theories of economic growth. It seeks to answer three basic questions about economic growth and development: (a) Why are developed economies so rich and developing economies so poor? (b) What is the engine of economic growth that allows economies to grow on a sustained basis over a century or longer? (c) How is it that some economies are able to undertake rapid transformations from being poor to being rich? Conversely, how is it that other economies wallow in low or negative growth over long periods?

Pre-requisite: MICREC2 and MACREC2
Pre–requisite to: none


INTECOR      International Economic Relations,br/> 3 units

This course covers the contemporary issues confronting the economic relations among nations. It focuses on the discussion of global economic issues and trade relations of the Philippines with the major market. Also, it covers the leading contemporary issues in international trade and finance.

Prerequisite: MICREC2 and MACREC2
Prerequisite to: none


LABOREC      Labor Economics
3 Units

This course introduces how the labor market works and focuses on the behavior of profit-maximizing firms and utility-maximizing workers in the labor market, and the implied equilibrium of labor demand and supply. Other topics covered in the course include investment in education and training, migration and turnover, and inequality and gender in the labor market.

Pre-requisite: MICREC2 and MACREC2
Pre–requisite to: none


POLECON      Political Economy
3 units

This course deals with the interactions of the economic, social and political units which either directly or indirectly influence the allocation of resources into their most productive utilization. It discusses the historical account of the major schools of thought, and the corresponding personalities involved in the development of political economic theory.

Pre-requisite: MICREC2 and MACREC2
Pre–requisite to: none


SPECTO      Special Topics in Economics
3 units

Other special topics for AB Economics major will be discussed in this course.

Pre-requisite: MICREC2 and MACREC2
Pre-requisite to: none

 

Updated: July 24, 2013

Bachelor of Arts Major in Economics and Bachelor of Science in Accountancy
Degree Codes: Program- ABEC2 Plan – AB-ECO/BSA

This program combines the disciplines of economics and accountancy to equip students with the skills necessary to understand and apply economic theory to real world problems specifically those present in the business and policy environments. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, develop problem solving skills needed for business, appreciate the complex relationships between the fields of economics and accountancy, and integrate the core La Sallian values to transform oneself into a vital resource for God and country. The program also aims to provide vital skills and technical knowledge required in formal accounting work through specialized courses in auditing practice, cost accounting and financial accounting among others.

It takes 15 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 292 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the economics track as well as specialized accounting elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Accountancy

 

Updated: July 24, 2013

AB Major in Economics and BS in Advertising Management
Degree Codes: Program- ABEC2 Plan – AB-ECO/ADV

This program combines the field of economics and the specialization on advertising management to equip students with the skills and knowledge to understand and apply economic theory to real world problems specifically in understanding consumer and firm behaviour vis-à-vis the effectiveness of advertising strategies. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, appreciate the relationships between advertising management and economics, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country. With the economics of choice as the underlying principle of importance, students under this program will also learn skills required in the systematic conceptualization, implementation, evaluation and able management of advertising programs/projects.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 243 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the applied economics track as well as specialized advertising management elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Advertising Management

 

Updated: July 24, 2013

Bachelor of Arts Major in Economics and BS in Applied Corporate Management
Degree Codes: Program- ABEC2 Plan – AB-ECO/APC

This program combines the fields of economics and corporate management to equip students with the skills to understand and apply economic theory and developmental policy to real world problems encountered within a corporate environment. The applied corporate management program aims to provide students with both theoretical knowledge and practical experience in the various aspects of corporations. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country.

It takes 16 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 243 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to finish three practicum courses. Three course electives in economics designed for those who belong to the applied economics track as well as specialized applied corporate management elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

BS in Applied Corporate Management

 

Updated: July 24, 2013

AB Major in Economics and BS in Business Management
Degree Codes: Program- ABEC2 Plan – AB-ECO/MGT

 

This program combines the disciplines of economics and business management to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding how businesses are affected by developmental policies and economic programs. Students under this program will also learn skills required in understanding business operation and effective business management. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students under this program will also learn skills required in understanding business operation and effective business management. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, appreciate the relationship between businss management and economics, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country.

It takes 13 trimesters and 1 summer term to finish the program. To successfully complete the program, students should be able to hurdle 240 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the applied economics track as well as specialized business management elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Business Management

 

Updated: July 24, 2013

AB Major in Economics and BS in Legal Management
Degree Codes: Program- ABEC2 Plan – AB-ECO/LGL

This program combines the disciplines of economics and legal management to equip students with the skills to understand and apply economic theory to real world problems and appreciate the complementarities of economics and the law especially in understanding the interaction between economic systems and the legal environment. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country. This program provides a good preparatory environment for students who seek to further studies in law by equipping them with the essentials of economic reasoning and the facility of the legal language.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 234 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the applied economics track as well as specialized legal management elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Legal Management

 

Updated: July 24, 2013

AB in Economics and BS in Management of Financial Institutions
Degree Codes: Program- ABEC2 Plan – AB-ECO/FIN

 

This program combines the disciplines of economics and finance to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding the impact of developmental policies on shaping expectations and risk orientation or attitudes of consumer and firms, imperfections in the financial markets and asset valuation. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Taking advantage of the strong complementarity between finance and economics, students are expected to understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and implications through applied research, develop problem solving skills needed for business and integrate the core La Sallian values. Students under this program will also learn practical and technical skills required in understanding the conduct of financial markets, their relation to the macroeconomy and practical aspects of financial institution management, an important functional area in practical business management.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 237 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses that conform with standards prescribed by each department. Students are also required to undertake practicum work in any private corporation or government entity and must demonstrate research ability by writing a research paper. Three course electives in economics designed for those who belong to the applied economics track as well as specialized finance elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Management of Financial Institutions

AB Major in Economics and BS in Marketing Management
Degree Codes: Program- ABEC2 Plan – AB-ECO/MKT

 

This program combines the disciplines of economics and marketing to equip students with the skills to understand and apply economic theory to real world problems specifically in understanding consumer and firm behaviour vis-a-vis marketing strategies. The program is designed for students who prefer a multidisciplinary approach to economics. It is for those who are keen in understanding how economic analysis is relevant in explaining and resolving pressing economic issues of social importance. Students are expected to: understand the importance of formal economic and econometric modeling frameworks and strategies emphasizing on the increasingly dominant role of mathematics and logic, achieve effective communication in conveying the essential aspects of economic policy and its implications through applied research, appreciate the complex relationship between marketing and economics, develop problem solving skills needed for business and integrate the core La Sallian values to transform oneself into a vital resource for God and country. With the economics of choice as the underlying principle of importance, students under this program will also learn skills as well as formulate strategies required in carrying out effective marketing practice.

It takes 13 trimesters to finish the program. To successfully complete the program, students should be able to hurdle 231 units of formal academic coursework as well as comply with the academic requirements set by the two departments. Aside from this academic requirement, students will take up 12 units of non-academic subjects mainly in the interest of enabling a wholistic student development. Students in this program need to write two independent theses and undertake practicum work that conform with standards prescribed by each department. Three course electives in economics designed for those who belong to the applied economics track as well as specialized marketing management elective courses are required.

COURSE DESCRIPTIONS

Bachelor of Arts major in Economics

Bachelor of Science in Marketing Management

 

Updated: July 24, 2013