Courses

ECON 110
PRINCIPLES OF ECONOMICS
3 UNITS
Pre-requisite: None
An introduction to the basic concepts and methods in microeconomics and macroeconomics. Topics include the methodology of economics, supply and demand analysis, modeling the behavior of households and firms, types of markets, the role of the government, and the performance of the economy as a whole.

ECON 111
INTERMEDIATE MICROECONOMIC THEORY
3 UNITS
Pre-requisite: ECON 110
An analysis of the pricing processes in a market economy under varying competitive conditions, their role in the allocation of resources, and the functional distribution of national income.

ECON 112
INTERMEDIATE MACROECONOMIC THEORY
3 UNITS
Pre-requisite: ECON 110
An analysis of the theory of national income determination and economic growth in alternative models of the national economy and the interaction and relation of aspects of these models to empirical aggregate analysis.

ECON 113
ECONOMICS OF MONEY AND BANKING
3 UNITS
Pre-requisite: ECON 112
A systematic treatment of the determinants of money supply, the volume of credit, and monetary theory. Topics include the economic analysis of credit markets and financial institutions in the Philippines such as the central bank, commercial banks, rural banks, insurance companies, and agricultural credit cooperatives.

ECON 114
INTERNATIONAL FINANCE
3 UNITS
Pre-requisite: ECON 112
An examination of open economy macroeconomics, including the concepts of the balance of payments, international accounts, and economic imbalances, interest rate parity and purchasing power parity, exchange rate determination, external debt, and policy.

ECON 115
INTRODUCTION TO MATHEMATICAL ECONOMICS
3 UNITS
Pre-requisites: ECON 111 and ECON 112
An application of mathematical techniques in economic analysis. Topics include economic models, static analysis, comparative static analysis, constrained and unconstrained optimization problems, duality theory, linear programming, and game theory.

ECON 116
STATISTICS FOR ECONOMISTS
3 UNITS
Pre-requisite: None
An introduction to mathematical statistics in economic analysis. Topics include measures of central tendency and dispersion, probability theory, random variables and special distribution functions such as the binomial, Poisson and normal distributions, hypotheses testing, correlation analysis, and simple and multiple linear regression models.

ECON 117
INTRODUCTION TO ECONOMETRICS I
3 UNITS
Pre-requisite:  ECON 111, ECON 112, and ECON 116 or equivalent
An introduction to empirical methods for the quantitative analysis of economic phenomena. Topics include estimation and inference using classical linear regression model with emphasis on cross-section data, violations of the classical linear regression model, instrumental variables, simultaneous equations, and basic discrete choice models and instrumental variables, and simultaneous system of equations.

ECON 117.01
INTRODUCTION TO ECONOMETRICS LECTURE I
1 UNIT
Pre-requisite:  ECON 111, ECON 112, and ECON 116 or equivalent
This is an introduction to basic empirical methods for the quantitative analysis of economic phenomena. Topics include estimation and inference using the classic linear regression model, detection and remedy of violations of the classical linear regression model assumptions, and basic time series analysis and forecasting. 

ECON 117.02
INTRODUCTION TO ECONOMETRICS LABORATORY I
Pre-requisite:  ECON 111, ECON 112, and ECON 116 or equivalent
This is an introduction to software applications for multiple linear regression analysis, basic time series analysis, and forecasting.

ECON 118
INTRODUCTION TO ECONOMETRICS II
3 UNITS
Pre-requisite:  ECON 117 or equivalent
Further introduction to empirical methods for the quantitative analysis of economic phenomena. Topics include time series and panel regression techniques.

ECON 118.1
INTRODUCTION TO ECONOMETRICS LABORATORY II
1 UNIT
Pre-requisite: ECON 117.1 or equivalent
An introduction to software applications for the analysis of time series and panel data.

ECON 121
DEVELOPMENT ECONOMICS
3 UNITS
Pre-requisite: ECON 110
A study toward provoking and maintaining accelerated economic growth and equity in less developed countries. Emphasis is on competing perspectives on development, interaction of socio-cultural change and economic growth, outside participation in economic modernization, the role of the state and the role of international specialization.

ECON 122
INTERNATIONAL TRADE
3 UNITS
Pre-requisite: ECON 111
An introduction to international trade theory and policy. Topics include a systematic treatment of traditional comparative advantage theory and new trade theory based on economics of scale. Emphasis on the importance of the foreign exchange market in the macroeconomy using the asset approach to exchange rate determination.

ECON 124
HISTORY OF ECONOMICS I
3 UNITS
Pre-requisite: ECON 110
A survey of economic ideas from the early modern period to the early 20th century. 

ECON 125
HISTORY OF ECONOMICS II
3 UNITS
Pre-requisite: ECON 110
A survey on the developments of economic ideas in the 20th century to the present.

ECON 130
ECONOMIC HISTORY OF THE PHILIPPINES
3 UNITS
Pre-requisite: ECON 110
An analysis of the colonial and contemporary economic policies and institutions of the Philippines. 

ECON 131
ECONOMIC HISTORY OF MODERN JAPAN
3 UNITS
Pre-requisite: ECON 110
A study of the processes and problems of economic growth, and the evolution of economic institutions since the Tokugawa period. Focus is also on contemporary economic policy and experience after the Meiji Restoration.

ECON 132
ECONOMIC HISTORY OF MODERN EUROPE
3 UNITS
Pre-requisite: ECON 110
An analysis of significant processes and relationships in the economic development of Europe from the close of the Middle Ages to the present. Attention will be given to reciprocal relationships between the social and political context and the behavior of the economy over time. Focus is also on the contemporary economic policy and experience in Europe.

ECON 133
ECONOMIC HISTORY OF THE UNITED STATES
3 UNITS
Pre-requisite: ECON 110
An examination of the major characteristics of the American economy from the late colonial period to the present. Special emphasis is given on the functional relationship between structural changes in the economy, and political demographic and social variables. Focus is also on the contemporary economic policy and experience in the United States.

ECON 134
COMPARATIVE ECONOMIC DEVELOPMENT IN SOUTHEAST ASIA AND EAST ASIA
3 UNITS
Pre-requisite: ECON 110
A survey of economic development in Southeast Asia and East Asia in an effort to discover typologies of development. Focus is also on contemporary economic policy and experience in Southeast and East Asia.

ECON 140
INDUSTRIAL ORGANIZATION
3 UNITS
Pre-requisite: ECON 111
This is a study of the ‘structure-conduct-performance’ paradigm of industrial organization economics, focusing on issues such as industry concentration, economies of scale, and alternative theories of the firm. Emphasis is on firm behavior. Topics include game-theoretic reinterpretations of oligopoly theories, limit pricing, and strategic entry deterrence.

ECON 141
MANAGERIAL ECONOMICS
3 UNITS
Pre-requisite: ECON 111
An application of general economic principles in the solution of business problems, with the view of developing an economic approach to management decisions. Relevant economic concepts such as imperfect competition, profits, demand, and cost are used as guiding principles in making managerial decisions.

ECON 142
FINANCIAL ECONOMICS
3 UNITS
Pre-requisite: ECON 111
A study of corporations as economic institutions for ordering the allocation and administration of resources. Topics include short-term and capital financing, financial expansion and reorganization, emerging money and capital markets in the Philippines, and current programs for correcting dislocation in the financial structure of domestic firms.

ECON 150
ECONOMICS OF PUBLIC FINANCE
3 UNITS
Pre-requisite: ECON 110
An analysis of the role of government in allocating resources through its tax-expenditures program. Focus is on the national government and the use of fiscal policies to promote growth and maintain economic stability. Evaluation criteria are developed and applied to specific policies. 

ECON 153
HEALTH ECONOMICS
3 UNITS
Pre-requisite: ECON 111
An introduction to economic analysis as applied to the health sector. Topics include the relationships between health and development, current concerns on efficiency and equity of public and private systems, evaluation of health and health care, and pricing and government regulations.

ECON 155
ECONOMICS OF LABOR
3 UNITS
Pre-requisite: ECON 111
A study of the institutional organization of labor markets and the major policy questions involved. Major topics include wage and employment theory, determinants of the level and structure of wage, technological change, unemployment; poverty and income distribution, inflation and income policy, and international trade and labor policy.

ECON 157
URBAN AND REGIONAL DEVELOPMENT
3 UNITS
Pre-requisite: ECON 110
A study of the economies of industry location, land utilization, urban structure and regional expansions, emphasizing their independence and the contribution of public policy to locational objectives, methods, stability, and balance.

ECON 159
ECONOMICS OF NATURAL RESOURCES AND ENVIRONMENT
3 UNITS
Pre-requisite: ECON 110
An analysis of the relationship and effects of economic activities on the environment but also the conceptual and policy tools to address environmental problems. Key topics include market failure and externalities, economic functions of the environment, and meaning, conditions, and constraints of sustainable development. Other topics include culture and values in resource management, market and non-market based approaches to environmental problems, valuation techniques of non-marketed goods, property rights and concept of environmental rights and justice, and importance of environmental education in promoting positive environmental attitudes.

ECON 160
ECONOMICS OF AGRICULTURAL DEVELOPMENT
3 UNITS
Pre-requisite: ECON 110
An analysis of the transformation of a country’s agricultural sector to support the industrial and service sectors. Topics include the problem and processes of evoking agricultural modernization, techniques of capturing gains in agricultural productivity for accelerated capital accumulation, and the major policy implications involved.

ECON 161
PRIVATE ENTERPRISE AND PUBLIC POLICY
3 UNITS
Pre-requisite: ECON 110
An economic analysis of public policy in the private enterprise system. Topics include bases for defining the public and private sectors, the role of economic nationalism through public legislation, and the economic performance of industrial organizations characterized by varying degrees of government intervention.

ECON 170
COMPARATIVE ECONOMIC SYSTEMS
3 UNITS
Pre-requisite: ECON 110
A comparative study of economic performance of various free and planned economies on the following major points: stability, resource utilization and growth of industrial and agricultural production, consumption, investment, foreign trade, and total output. 

ECON 171
ECONOMIC RESEARCH I
3 UNITS
Pre-requisites: ECON 117 and ECON 118
A course applying research procedures and integrating theories and statistical analysis in the writing of a thesis.

ECON 177
THEORY AND PRACTICE OF SOCIAL DEVELOPMENT
3 UNITS
Pre-requisite: ECON 110
An integration of the theory and practice of social development through exposure to and analysis of social organizations working with various grassroots sectors in society. The course is built on the principles of general equilibrium and social welfare theory. 

ECON 180
ECONOMICS OF MULTINATIONAL ENTERPRISES
3 UNITS
Pre-requisite: ECON 110
An integration of economic theory and empirical evidence to facilitate an understanding of the role of the Multinational Corporation (MNC) in international business.

ECON 185.1
SPECIAL TOPICS IN ECONOMICS: PEASANT ECONOMY
3 UNITS
Pre-requisite: None
A study of the peasantry as a theoretical category of political economy. Topics include the existence and nature of the peasant economy, the external relationship of the peasantry with the national and global economy, and the relationship of agriculture to industrial in a peripheral economy.

ECON 185.2
SPECIAL TOPICS IN ECONOMICS: INTERNATIONAL ECONOMIC RELATIONS
3 UNITS
Pre-requisite: ECON 110
An exploration of various economic topics relating to the open economy, including a survey of international trade theories. Topics include controversial issues in the debate over trade liberalization, the role of international bodies such as the World Bank, and the importance of factor movements.

ECON 185.3
SPECIAL TOPICS IN ECONOMICS: DISTRIBUTIVE JUSTICE
3 UNITS
Pre-requisite: ECON 110
A study of different concepts of fairness used in economics. The theoretical concepts are used to aid the process of economic policy-making especially in the area of regulation. Ph    ilosophical roots of economic justice are also discussed.

ECON 185.5
SPECIAL TOPICS IN ECONOMICS: RURAL DEVELOPMENT
3 UNITS
Pre-requisite: None
An analysis of the agrarian situation within the framework of the logic of capitalism in relation to peripheral economies. Principles of project and resource management are also discusses as tools that can aid in the goal of rural development.

ECON 185.10
SPECIAL TOPICS IN ECONOMICS: MARXIST POLITICAL ECONOMY
3 UNITS
Pre-requisite: None
A workshop on the original text by Karl Marx. Focus is on economic theory.

ECON 185.12
SPECIAL TOPICS IN ECONOMICS: INTERNATIONAL POLITICAL ECONOMY
3 UNITS
Pre-requisite: ECON 110
An introduction to international political economy, integrating insights of economics and political science and focusing on the activities within particular states and the international arena. Topics include the ideologies of international political economy, the experience of developed and developing economies, and Philippine trade policies.

ECON 185.13
SPECIAL TOPICS IN ECONOMICS: ECONOMICS OF HUMAN RESOURCES
3 UNITS
Pre-requisite: ECON 110
An introduction to topics pertaining to human resources, including human capital and labor markets. Focus is on specific issues such as returns to education and other types of human investment, the distribution of earnings and income, population growth and poverty, and labor market policy.

ECON 185.16
SPECIAL TOPICS IN ECONOMICS: STATE AND DEVELOPMENT
3 UNITS
Pre-requisite: None
An introduction to perspectives in the politics of development and the theory of the state, underlining the importance of the political element in the development process. Particular attention is given to the twin issues of the development state and the democratic state.

ECON 185.18
SPECIAL TOPICS IN ECONOMICS: DEVELOPMENT PLANNING
3 UNITS
Pre-requisite: ECON 121
An overview of development planning, including the rational for planning in developing countries. The lectures cover macroeconomic methods, sector/inter-industry analysis project appraisal, and regional and spatial planning models. Emphasis is given to the Philippine experience with development planning.

ECON 185.20
SPECIAL TOPICS IN ECONOMICS: CONTEMPORARY ISSUES IN JAPANESE ECONOMY AND BUSINESS MANAGEMENT
3 UNITS
Pre-requisite: None
A discussion of contemporary issues in Japan’s domestic economy and international economic issues involving Japan. Topics include factors behind the strong yen, impact of a strong yen,, impact of an aging Japanese population, recession and recovery in Japan, and the role of Japan in Asia.

ECON 185.22
SPECIAL TOPICS IN ECONOMICS: PHILIPPINE-JAPAN RELATIONS
3 UNITS
Pre-requisite: None
A survey of Philippine-Japan relations from the 16th century to the present. Topics include immigration, trade, investments, and cultural exchanges.

ECON 185.29
SPECIAL TOPICS IN ECONOMICS: INDUSTRIAL ORGANIZATION
3 UNITS
Pre-requisite: ECON 111
A study of the ‘structure-conduct-performance’ paradigm of industrial organization economics, focusing on issues such as industry concentration, economies of scale, and alternative theories of the firm. Emphasis is on firm behavior. Topics include game-theoretic reinterpretations of oligopoly theories, limit pricing, and strategic entry deterrence.

ECON 185.30
SPECIAL TOPICS IN ECONOMICS: PROJECT/INDUSTRIAL ANALYSIS
3 UNITS
Pre-requisite: ECON 110
A study of the economic analysis of investment projects. Topics include the concept of the project cycle and the logical framework approach to projects as well as the theoretical and different methodologies of financial and economic of social cost-benefit analysis of projects of different industries. 

ECON 185.35
SPECIAL TOPICS IN ECONOMICS: OPTIONS, FUTURES, AND OTHER DERIVATIVES
3 UNITS
Pre-requisite: ECON 110
A study of risk and its management with the use of financial instruments. The course discusses the different financial derivatives, from futures and options to more exotic instruments. Contract specifications, trading rules, pricing, and hedging strategies are discussed for each of the financial derivatives studies.

ECON 185.36
SPECIAL TOPICS IN ECONOMICS: GAME THEORY FOR ECONOMISTS
3 UNITS
Pre-requisite: ECON 115
An introduction to game theory with emphasis on non-cooperative game theory: static and dynamic games of complete and incomplete information. Other topics include the basics of cooperative game theory, theories of bargaining, and the limits of game-theoretic economic analysis.

ECON 185.39
SPECIAL TOPICS IN ECONOMICS: INPUT-OUTPUT ECONOMICS
3 UNITS
Pre-requisite: ECON 115
A study of input-output models of national economies using linear algebra as a tool for input-output analysis. This technique can be used for planning purposes and multiplier analysis.

ECON 185.40
SPECIAL TOPICS IN ECONOMICS: NGOs IN THE PHILIPPINE ECONOMY
3 UNITS
Pre-requisite: None
An overview of the contributions of non-government organization (NGOs) to Philippine development, emphasizing the activities and dynamics of NGOs vis-à-vis other institutions. Topics include theoretical explanations of the emergence of NGOs and their role in the economy, the political arena, and in social transformation.

ECON 185.41
SPECIAL TOPICS IN ECONOMICS: ETHICS AND ECONOMICS
3 UNITS
Pre-requisite: ECON 110
An examination of the ethical concerns in economic policy and policy in general focusing on issues about justice and inequality, efficiency and Pareto optimality, maximization of welfare, poverty, freedom, and rights. The theoretical inadequacy of contemporary utilitarian-based normative economics or welfare economics is presented.

ECON 185.42
SPECIAL TOPICS IN ECONOMICS: INTRODUCTION TO EUROPEAN ECONOMIC INTEGRATION
3 UNITS
Pre-requisite: ECON 110
An analysis of economic theories and empirical studies on European economic integration through the adoption of common policies and the elimination of economic frontiers. Focus is on the relevant economic theories and empirical studies to understand the integration process.

ECON 185.43
SPECIAL TOPICS IN ECONOMICS: TRANSPORTATION ECONOMICS
3 UNITS
Pre-requisite: ECON 111
An introduction to economic concepts and principles, analytical and empirical methods, and empirical studies used to solve problems encountered in the transport sector, including public policy developments in the Philippines and around the world.

ECON 185.48
SPECIAL TOPICS IN ECONOMICS: MODERN CHINESE ECONOMY
3 UNITS
Pre-requisite: None
An introduction to the modern Chinese economy focusing on reforms undertaken to move from a centrally-planned to a market-oriented economy, and how it has increasingly integrated itself into the global economy.

ECON 185.57
SPECIAL TOPICS IN ECONOMICS: SURVEY SAMPLING METHODS FOR ECONOMISTS
3 UNITS
Pre-requisite: ECON 116 or equivalent
An introduction to the history, theories, and methods of survey research. Focus is on the design, development, execution, and analysis of surveys. Survey sampling, question construction, questionnaire design, survey data analysis, and research ethics are covered. Topics include theoretical and intellectual basis of surveys.

ECON 185.58
SPECIAL TOPICS IN ECONOMICS: POPULATION/ECONOMIC DEMOGRAPHY
3 UNITS
Pre-requisite: ECON 110
An examination of the factors that lead to population growth and its economic consequences. Using household consumption and production models, the existing conditions pertaining to the country’s demography are not only analyzed but the evolution of the different methodologies used are also considered.

ECON 185.61
SPECIAL TOPICS IN ECONOMICS: SOCIAL, POLITICAL, AND ECOLOGICAL ECONOMICS
3 UNITS
Pre-requisite: ECON 110
A historical map of economic thought including contemporary social, political, and ecological economics. Starting from the early classical works of the Physiocrats, Sismondi, John Stuart Mill, and Karl Marx, the development of these streams of thought are traced to provide fresh insights into modern problems.

ECON 185.62
THEORY OF CAPITALIST DEVELOPMENT
3 UNITS
Pre-requisite: None
An introduction to the fundamental theory of capitalism and capitalist development (as developed by Karl Marx and Marxists). Students learn the basics of capitalist dynamics, from its strengths to its problems. Topics include value creation, accumulation, crises and depressions, and imperialism.

ECON 185.63
SPECIAL TOPICS IN ECONOMICS: COMPARATIVE ECONOMIC THEORIES: NEOCLASSICAL VS. MARXIAN ECONOMICS
3 UNITS
Pre-requisite: ECON 110
An introduction to the debates between capitalism and socialism. Students review the representative economic theory of capitalism (Neoclassical economics) and discover the representative economic theory of socialism (Marxian economics).

ECON 185.66
SPECIAL TOPICS IN ECONOMICS: WORKSHOP IN HAPPINESS ECONOMICS
3 UNITS
Pre-requisite: ECON 110
An introduction to the economics and psychology of subjective well-being.

ECON 185.67
SPECIAL TOPICS IN ECONOMICS: TIME SERIES ANALYSIS AND GENERAL LINEAR MODELS
3 UNITS
Pre-requisite: ECON 117
An introduction to time series analysis (ARMA and ARIMA processes) and general linear models (logistic regression and Poisson regression) useful for doing research in economics. Students learn how to apply the statistical techniques using statistical software and interpret the results.

ECON 197
PRACTICUM
3 UNITS
Pre-requisite: None
Application of knowledge and skills acquired in theory and methods courses to task or assignment in the context of a government agency, private corporation, school, or non-governmental organization. Students render two hundred hours of practicum training; and, at the end of their program, submit a report on their work and experiences.