POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF SOCIAL SCIENCES AND DEVELOPMENT

DEPARTMENT OF ECONOMICS

BS ECONOMICS PROGRAM OF STUDIES

Effective First Semester A.Y. 2022-2023

COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE

FIRST YEAR
FIRST SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
GEED 006 Art Appreciation 3
GEED 005 Purposive Communication 3
ACCO 014 Principles of Accounting 3
MATH 013 Algebra and Trigonometry 5
GEED 032 Filipinohiya at Pambansang Kaunlaran 3
PATHFit 1 Physical Activity Towards Health and Fitness 1 2
CWTS 001/ ROTC 001National Service Training Program 1 3
22
SECOND SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 101 Introductory Economics 3 MATH 013; MATH 014; MATH 015
MATH 014 Differential Calculus 3
GEED 004 Mathematics in the Modern World 3
GEED 002 Readings in Philippine History 3
GEED 002 Understanding the Self 3
ECON 102 Mathematical Statistics for Economists 3 ECON 101; MATH 013; MATH 014; MATH 015
PATHFit 2 Physical Activity Towards Health and Fitness 2 2
CWTS 002/ROTC 002 National Service Training Program 2 3
23
SECOND YEAR
FIRST SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 201 Microeconomics 3 ECON 101; ECON 102
ECON 202 Macroeconomics 3 ECON 101; ECON 102
GEED 037 Buhay at mga Gawa ni Rizal 3
GEED 018 Gender and Society 3
GEED 003 The Contemporary World 3
GEED 012 Living in the IT Era 3
MATH 015 Integral Calculus 3
PATHFit 3 Physical Activity Towards Health and Fitness 3 2
23
SECOND SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 204 History of Economic Thought 3 ECON 201; ECON 202
ECON 203 Mathematical Economics 3 ECON 201; ECON 202
GEED 007 Science, Technology, and Society 3
ENGL 014 Technical Writing 3
GEED 008 Ethics 3
GEED 020 Politics, Governance, and Citizenship 3
GEED 035 Panitikang Pilipino 3 GEED 032
PATHFit 4 Physical Activity Towards Health and Fitness 4 2
23
THIRD YEAR
FIRST SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 305 Econometrics Lecture 3 ECON 201; ECON 202; ECON 203
Econometrics Laboratory 1
ECON 306 Economic Development 3 ECON 201; ECON 202
ECON 308 Public Economics 3 ECON 201; ECON 202
ECON 310 Economic Research 3 ECON 204
Economics Elective 1 3
16
SECOND SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 307 Monetary Economics 3 ECON 201; ECON 202
ECON 309 International Economics 3 ECON 201; ECON 202
ECON 311 Thesis 3 ECON 305; ECON 310
Economics Elective 2 3
Economics Elective 3 3
15
FOURTH YEAR
FIRST SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 412 Economic Analysis for Public Policy 3 ECON 201; ECON 202; ECON 305; ECON 308
Economics Elective 4 3
Economics Elective 5 3
9
SECOND SEMESTER
COURSE CODE COURSE TITLE CREDIT PRE-REQUISITE
ECON 413 Project Development and Evaluation 3 ECON 201; ECON 202
ECON 414 Economics Practicum 3 4th Year 1st Semester Standing
Economics Elective 6 3
9

LIST OF ELECTIVES
Economics Elective 1
ECON 351 Managerial Economics 3
ECON 352 Growth Theory 3
Economics Elective 2
ECON 361 Economics of Labor and Human Resources 3
ECON 362 Welfare Economics 3
Economics Elective 3
ECON 371 Special Topics in Economics 3
ECON 372 Behavioral Economics 3
Economics Elective 4
ECON 481 Financial Economics 3
ECON 482 Game Theory and Its Application in Economics 3
Economics Elective 5
ECON 491 Health Economics 3
ECON 492 Agricultural Economics 3
ECON 493 Urban and Regional Development 3
Economics Elective 6
ECON 4101 Micro-Small & Medium Enterprise 3
ECON 4102 Industrial Economics 3
COURSES DESCRIPTION
Description of all courses except General Education courses indicating the credits units and pre-requisite.

Basic/Core Courses:

Course Code: ECON ECON 101 Course Title: Introductory Economics

Course Description:
This course will develop a set of core tools for: (1) understanding economic growth and fluctuations in
consumption, saving and investments, wages, and unemployment, inflation, interest rates; (2) understanding the
micro-foundations of macroeconomics; and (3) assessing the effects of various government policies (fiscal and
monetary) and shocks on macroeconomic variables.
Course Credit: 3
Pre-Requisite/s: MATH 013, MATH 014, MATH 015

Course Code: ECON 102 Course Title: Mathematical Statistics for Economists
Course Description:
This course focuses on the application of statistical concepts and tools in business and economics. The
course provides discussion of descriptive and inferential statistics – covering the topics of probability and
probability distributions, estimation and hypothesis testing. Nonparametric methods will also be discussed. The
course utilizes statistical computer packages as an aid to computation.
Course Credit: 3
Pre-Requisite/s: ECON 101, MATH 013, MATH 014, MATH 015

Professional/Major Courses:

Course Code: ECON 201 Course Title: Microeconomics

Course Description:
This course involves an exposition of the principles of microeconomics which would serve as a foundation
for advanced study of economics. Topics include the theory of consumer behavior, theory of the market, general
equilibrium, and welfare economics.
Course Credit: 3
Pre-Requisite/s: ECON 101, ECON 102

Course Code: ECON 202 Course Title: Macroeconomics

Course Description:
The course is designed as an introduction to monetary economics integrating such topics as the definition
and history of money, theories of money, demand and supply, the instruments available to the monetary
authorities to regulate the money supply, the consequences of monetary behavior or “misbehavior” on output,
employment, price level, the balance of payment, and growth in the long-run.
Course Credit: 3
Pre-Requisite/s: ECON 101, ECON 102

Course Code: ECON 203 Course Title: Mathematical Economics

Course Description:
This is a study of the concepts of sets, relations, functions, graphs, algebraic operations, matrix algebra,
analytic geometry, derivatives, differentials, and integrals and their application to economic analysis.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 204 Course Title: History of Economic Thought

Course Description:
This course deals with the different thinkers and theories in the field of political economy and economics
from the ancient world to the present day in the 21st century. It covers the various ideas propounded by
representatives/contributors of the different schools of economic thought. Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202
Course Code: ECON 305 Course Title: Econometrics Lecture
Course Description:
The course is an introduction to quantitative analysis of actual economic events to explain behavior of
observed variables or to forecast future behavior. Topics include OLS and ML estimation in both simple and
multiple linear regression models; properties of LS and ML estimators; test of significant relationship; criteria
used in selecting a good econometric model; non-linear functional forms; problems encountered in model
building; use of dummy and lagged variables; Binomial and Multinomial Regression; and Panel Regression
Model.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202, ECON 203

Course Code: Course Title: Econometrics Laboratory

Course Description:
This course introduces the students to basic statistical tools using computer packages that are frequently
used in econometric analysis. Its focus lies on linear regression analysis and at the same time, Econometric
Views (EViews), is introduced. EViews is easy to learn and supports students in finding the right econometric
models for conducting economic research.
Course Credit: 1
Pre-Requisite/s: ECON 201, ECON 202, ECON 203

Course Code: ECON 306 Course Title: Economic Development

Course Description:
This course covers the concepts and theories of development, major development problems of the Third
World, economic and non-economic analysis of the same; policy implications, and development prospects.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 307 Course Title: Monetary Economics

Course Description:
The course is designed as an introduction to monetary economics integrating such topics as the definition
and history of money, theories of money, demand and supply, the instruments available to the monetary
authorities to regulate the money supply, the consequences of monetary behavior or “misbehavior” on output,
employment, price level, balance of payment, and growth in the long-run.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 308 Course Title: Public Economics

Course Description:
The course deals with the study of the role of the government in the economy in the allocation of resources
and the distribution of income through its tax-expenditures program. Analysis and development of economic
criteria for the evaluation of government policies will be considered. Topics include comparison of alternative
public investment criteria, principles of public benefits and costs measurement, treatment of risk and uncertainty,
marginal cost pricing and capacity investment decisions, and problems of externalities and compensation.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202
Course Code: ECON 309 Course Title: International Economics
Course Description:
A course in economics that presents an exposition of the theories and principles of international economics
that are essential for understanding, applying, analyzing, criticizing, and evaluating proposed and implemented
economic policies, and ultimately creating alternative solutions to international economic problems and issues
that involve international trade and finance. The course deals with international trade theory, international trade
policy, the Balance of Payments (BOP), foreign exchange markets, national income accounts and the Open
Economy, and current advances in the field of international economics.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 412 Course Title: Economic Analysis for Public Policy
Course Description:
The course is designed to discuss the theoretical underpinnings and key concepts of public policy and apply
policy analytical tools to public problems. The discipline has been built on the shoulders of neo-institutional
economics, public management, behavioral psychology, econometrics, and statistics.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202, ECON 305, ECON 308

Course Code: ECON 413 Course Title: Project Development and Evaluation
Course Description:
An applied course in economics with the integration of financial and economic analysis in the project
management whether in the private or government sector. Topics include situation analysis, project design,
implementation and impact assessment. Analysis on return to the entity and to society of project undertaken is
presented via financial and economic analyses.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Research Courses:

Course Code: ECON 310 Course Title: Economic Research

Course Description:
The course deals with the study of the aspects of the research process essential in carrying out an entire
investigation; and the methods of research and fundamental tools of inquiry including statistical tools with a special
emphasis on the utilization of research techniques in economics. This course also is the proposal stage writing.
It covers Chapters 1-3: the selection of research topic, research problem, formulation of hypothesis, literature
survey, and choice of research method. Students are required to submit and defend orally their thesis proposal.
Course Credit: 3
Pre-Requisite/s: ECON 204

Course Code: ECON 311 Course Title: Thesis

Course Description:
Continuation of Thesis 1 and final oral defense. The course is designed to assess the extent of knowledge
application of the students in writing an academic research paper, specifically, the submission of the final paper
copy of their Chapters 1-5. Students are required to submit and defend orally their final thesis.
Course Credit: 3
Pre-Requisite/s: ECON 305, ECON 310
Practicum/Internship Course:

Course Code: ECON 414 Course Title: Economics Practicum

Course Description:
Application of course/professional subjects in actual office job situation or community involvement,
evaluation or student performance therein and provision of remedial instruction and training.
Course Credit: 3
Pre-Requisite/s: 4th Year 1st Semester Standing

Economics Electives:

Economics Elective 1

Course Code: ECON 351 Course Title: Managerial Economics

Course Description:
This course studies the application of the theories, tools, and findings of economic analysis to managerial
decision-making in all types of organizations, both profit and non-profit.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 352 Course Title: Growth Theory

Course Description:
This course covers theories about economic growth providing the students with the necessary method to
understand the foundations of modern economic growth theory. It shed light on the mechanisms of economic
growth, technological change, sources of income, and growth patterns across countries.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Economics Elective 2

Course Code: ECON 361 Course Title: Economics of Labor and Human Resources
Course Description:
This course offers an introduction to labor economics which applies microeconomic and macroeconomic
theories in the analysis of the labor market. It particularly discusses the link between research and public policy.
Topics include labor supply and demand, taxes and transfers, minimum wages, immigration, human capital,
education production, inequality, discrimination, unions, collective bargaining and strikes, and unemployment.
Special topics such as the Philippine labor law and overseas Filipino workers (OFWs) may also be covered.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 362 Course Title: Welfare Economics

Course Description:
The purpose of the course is to discuss how society evaluates an economic outcome from its point of view.
Society, in this context, consists of individuals with different tastes, endowments, and expectations. That
assumption is that the society in question considers all its members' choices in making decisions. This problem
is significant for evaluating economic policies. It will also go over the question, how can one defend (or criticize)
an economic policy decision by referring to its social desirability?
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202
Economics Elective 3

Course Code: ECON 371 Course Title: Special Topics in Economics

Course Description:
This course is consisting of two parts. The first part will focus on qualitative and quantitative research
(primary data using a survey questionnaire as the primary instrument). It will also tackle the use of software in
analyzing the data gathered. The second part will focus on conducting webinars for the chosen topic of the
students. Students will prepare a proposal for the conduct of each webinar.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 372 Course Title: Behavioral Economics

Course Description:
This course is grounded in empirical observations of human behavior, which have demonstrated that
people do not always make what neoclassical economists consider the rational or optimal decision. Several
principles have emerged from behavioral economics research that has helped economists better understand
human economic behavior. This course gives an overview of key insights from behavioral science and identifies
ways in which these findings have been used to advance policies on education, health, energy, taxation, and
more. Additionally, this course will review how government agencies and non-profit organizations have used
behavioral insights to improve social policy.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Economics Elective 4

Course Code: ECON 451 Course Title: Financial Economics

Course Description:
The path-breaking advances in finance theory and practice over the past decades have profoundly
changed the financial world. These changes are further accelerated by the extensive globalization of financial
markets and the rapid development in financial technologies in recent years. This course provides a rigorous
introduction to the fundamentals of modern financial analysis and their applications to business challenges in
capital budgeting, project evaluation, corporate investment and financing decisions, and basic security analysis
and investment management.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 452 Course Title: Game Theory and Its Application in Economics
Course Description:
This course is an introduction to game theory and strategic thinking. Ideas such as dominance, Nash
equilibrium, asymmetric information, and reputation are discussed. It has applications in a wide variety of areas
in decision theory, artificial intelligence, business, and political science.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Economics Elective 5

Course Code: ECON 461 Course Title: Health Economics

Course Description:
An introductory course in economics with a special focus on health care services offered to students in the
Nutrition and Dietetics program of the University. The purpose of this course is to present ways in which economic
concepts can be used to explain various types of behavior in the healthcare industry. Methods are explained that
are useful in the understanding of the demand for and supply of health care. Economic concepts will be used to
explain the behavior of consumers, producers, providers, and insurers of health care.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202
Course Code: ECON 462 Course Title: Agricultural Economics
Course Description:
This course is concerned with the basic principles of production economics, farm management, and
agricultural marketing and their applications to the analysis of agribusiness data; and a review of selected
agribusiness industry situations.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 463 Course Title: Urban and Regional Development
Course Description:
This course is a research-based course that covers basic theories and methodologies of social research
and analysis in urban economics. The emphasis is on nature and source of economic change, land use, growth
management, traffic congestion and transportation planning, urban design and development control, housing
and community development, environmental planning, and urban sustainability, culture, race and social justice,
and governmental and institutional arrangements. Specifically, the origin and development of regional planning,
issues, and practice of urban planning and development in the Philippines are the substantial areas and concepts
in this course. The development of a research project focused on a particular issue in urban economics in the
Philippines is part of the course requirements.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Economics Elective 6

Course Code: ECON 471 Course Title: Micro-Small and Medium Enterprise
Course Description:
The course focuses on the emerging vital MSME sector not only in the local but also in the global economy.
It serves as a bridge in enhancing the partnership between the educational institutions and the public and private
sectors in entrepreneurship and enterprise development. The course consists of classroom-based and teacher-
students learning activities devoted to the theoretical component. A practical work experience component treats
every student as “would be entrepreneurs”.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202

Course Code: ECON 472 Course Title: Industrial Economics

Course Description:
Using techniques from microeconomics, this course studies firms as organizations, market structures,
strategic interaction, market efficiency, and industrial policy. The first part of the course examines the internal
structure of firms, followed by an analysis of various aspects of strategic interaction between firms and
determinants of industrial structure. The course also discusses the role of policy on competition, industrial
policies, and regulation of firm activity. Theoretical concepts and tools are introduced and used to analyze current
socio-economic realities and global issues. From here on, its implications for public policy and business
strategies will be examined and discussed.
Course Credit: 3
Pre-Requisite/s: ECON 201, ECON 202