Shaping tomorrow’s realities. Today.
- Bachelor of Science in Business Economics
- Master of Science in Industrial Economic
BACHELOR OF SCIENCE IN BUSINESS ECONOMICS
The field of economics is broad, encompassing issues involving international trade, stock markets, government policies, economic growth and development, etc. The BS Business Economics aims to develop in students a rigorous, quantitative, and insightful approach to understanding the workings of economics in today’s society and business. It provides students with a solid grounding in economic theory and frameworks. It also aims to develop among students the analytical and statistical skills in applying such frameworks in business, social, financial, and policy sectors. Hence, there is an emphasis on applied research at the industry and national policy levels.
Students choose this course because it provides a good background for careers in business, capital markets, law, banking, real estate, and even entrepreneurship.
MASTER OF SCIENCE IN INDUSTRIAL ECONOMICS
The Master of Science in Industrial Economics, run by the School of Economics, is the only economics program of its kind in the country. It was developed in 1969 by two of the country’s foremost economists, Dr. Bernardo Villegas and Dr. Jesus Estanislao, shortly after founding the Center for Research and Communication (CRC). UA&P, a leading research institution and a catalyst of economic progress in the Philippines and in Asia, has earned a reputation for highly relevant research through the work of its faculty, alumni, and students.
An intensive program of academic and research work, MSIE equips graduates with the proper mental and intellectual approach, providing a mix of mathematical expertise and a thorough understanding of how the economy and business work. With faculty members holding doctoral and master’s degrees from the best institutions around the world, the students get a truly global education. The students learn from their mentors who have earned their reputation for highly relevant research in the fields of economic forecasting, financial markets, industrial economics, wage determination, and the workings of the economy.
Curriculum
BACHELOR OF SCIENCE IN BUSINESS ECONOMICS
Major Subjects
Second Year – Second Semester
MSM601E Introduction to Management
Third Year – First Semester
ACC300 Accounting
ECN1211 Intermediate Macroeconomics
ECN1212 Intro to Mathematical Statistics
Third Year – Second Semester
MSM301E Marketing
ECN1221 Intermediate Microeconomics
ECN1222 Mathematical Economics 1
ECN1223 Economic Development
MSM401E Finance 1
Fourth Year – First Semester
ECN1311 Social Economics
ECN1312 Financial Economics
ECN1313 International Economics
ECN1314 Industrial Organization
ECN1315 Econometrics 1
ECN1316 Econometrics Lab
ECN1317 Research Seminar 1
ECN1318 Money and Banking
Fourth Year – Second Semester
ECN1321 Elective 1 (Public Economics)
ECN1322 Macroeconomics 1 (Advanced Macroeconomics)
ECN1323 Microeconomics 1 (Advanced Microeconomics)
ECN1324 Quantitative Economics
ECN1325 Mathematical Economics 2
ECN1326 Economic History
ECN1327 Research Seminar 2
MASTER OF SCIENCE IN INDUSTRIAL ECONOMICS
Courses Offered
Second Year – Second Semester
MSM601E Introduction to Management
Third Year – First Semester
ACC300 Accounting
ECN1211 Intermediate Macroeconomics
ECN1212 Intro to Mathematical Statistics
Third Year – Second Semester
MSM301E Marketing
ECN1221 Intermediate Microeconomics
ECN1222 Mathematical Economics 1
ECN1223 Economic Development
MSM401E Finance 1
Fourth Year – First Semester
ECN1311 Social Economics
ECN1312 Financial Economics
ECN1313 International Economics
ECN1314 Industrial Organization
ECN1315 Econometrics 1
ECN1316 Econometrics Lab
ECN1317 Research Seminar 1
ECN1318 Money and Banking
Fourth Year – Second Semester
ECN1321 Elective 1 (Public Economics)
ECN2001 Macroeconomics 1 (Advanced Macroeconomics)
ECN2002 Microeconomics 1 (Advanced Microeconomics)
ECN2003 Quantitative Economics
ECN2004 Mathematical Economics 2
ECN2005 Economic History
ECN2006 Research Seminar 2
Fourth Year – Mid-year Term
ECN2007 Elective 2 (Special Economics Topics)
ECN2008 Microeconomics 2 (Economics of Strategy)
ECN2009 Mathematical Statistics
Fifth Year – First Semester
ECN2010 Econometrics 2
ECN2011 Elective 2 (Economic Policy)
ECN2012 Practicum
Fifth Year – Second Semester
ECN2013 Thesis
Qualifications to the Master's Program
Students are eligible to proceed to the master’s course starting the second semester of the fourth year if they have a general weighted average (GWA) of 1.8 for the major subjects in business and economics from the second semester of their second year up to the first semester of their fourth year (49 units of the business and economic subjects).
In their fifth year, the students spend a semester working in the field with corporations in the private and public sectors. This internship begins in the first semester of the fifth year and gives students a chance to apply the tools they learn in the classroom to actual business and economic problems. During the internship, students work for most of the week in their host organizations and return to UA&P on Fridays for their coursework.
One of the highlights of the program is when the students assist senior executives in the Strategic Business Economics Program in their economic forecasting exercise during an out-of-town conference. The students learn from the executives how to interpret the results of the quantitative frameworks learned in the classroom.
Graduates
BACHELOR OF SCIENCE IN BUSINESS ECONOMICS
Graduates with analytical skills in economics are sought after by employers from the private and public sectors including international organizations. In general, economists are needed in commercial and investment banks, corporations, and consulting firms. The government sector also offers economics graduates positions as trade analysts, finance specialists, and policy analysts.
MASTER OF SCIENCE IN INDUSTRIAL ECONOMICS
The highly relevant training turns out topnotch influential people who decide the destiny of the global economy. The program has produced an international trade negotiator of the Philippines in the World Trade Organization, a National Treasurer, a Filipino Lead Economist of the World Bank, a former Tariff Commissioner, a Senior Undersecretary of DTI, and senior economic advisers to the President and several government departments such as DOF, DOTC, DOT, DTI, and NEDA.