Economics For Managers REGIS

Ateneo Graduate School of Business
Rockwell Center, Makati City
ECONOMICS FOR MANAGERS

Ateneo-Regis MBA Program
Revised: March 2014

ECONOMICS and RESEARCH CLUSTER
Ateneo Graduate School of Business
Rockwell Center, Makati City
COURSE TITLE: ECONOMICS FOR MANAGERS
COURSE CODE: ECOMAN
COURSE DESCRIPTION:
The course focuses on the basic economic concepts and principles as applied to
business situations. Microeconomic concepts such as scarcity, opportunity costs,
marginalism, and efficiency will never lose their central role in economics as long as
scarcity itself exists. Macroeconomic concepts like GDP and GNP, employment and
unemployment, inflation and deflation, balance of payments and foreign exchange rates
will remain to be the primary concerns of all economies. These micro and macro
concepts are integrated into a framework that will assist business leaders and managers
in coping with the challenges arising from changes in a competitive business
environment.
The course will provide students with a working knowledge and skills of how consumers,
firms and industries behave in a complex macroeconomic environment, thus helping
them arrive at rational, optimal, and efficient choices. These informed choices when
added up to the choices that other people make, translate into better societal choices.
COURSE OBJECTIVES
Upon successful completion of this course, the students are expected to competently:
1. Analyze how market forces create both opportunities and threats for growth, given
the strengths and weaknesses of the individual firms.
2. Dissect how economies function including the efficacy of economic policies in

stimulating business in particular and building the nation in general.
3. Integrate economic concepts into various disciplines, specifically, strategic

management, financial management, and marketing management, in order to
formulate wholistic frameworks that business students can use to make strategic
decisions.
4. Identify the challenges of the external environment covering the macroeconomy,

industry, demography, societal structure, law/politics, and the physical environment,
both in the domestic and global settings.
1
Economics for Managers
March 2014
5. Define the problems of development, underdevelopment and poverty within the
context of a major set of issues in order to appreciate the social responsibility of the
business sector.
6. Determine the ethical dimension of economic concepts that guide business students
in responding to issues.
7. Demonstrate the use of information technology in researching, analyzing, and

presenting economic data that help business students make short-run and long-run
planning decisions.
8. Acquire an adequate level of written and oral communication proficiency in the use of
economic concepts.
COURSE OUTLINE
Session Topics Covered

Course Content, Objectives, Requirements, Grading System, Method and
Materials of Instruction
1 Scope and Method of Economics
Scarcity, Opportunity Costs, Marginalism, Efficiency
Tools of Microeconomic Analysis
Ethical Considerations
Demand, Supply and Market Equilibrium
Price, Income, and Cross Elasticities
2 Consumer Behavior: Utility Maximization
Theory of Production: Short Run and Long Run
3 Theory of Costs: Short Run and Long Run
Profit Maximization Under Different Market Structures:
- Perfect Competition
4 - Monopoly
- Oligopoly
- Monopolistic Competition
Macroeconomic Variables
- GDP/GNP
5 - Employment/Unemployment
- Inflation/Deflation
- Balance of Payments
- Foreign Exchange Rates
Policy Instruments
Circular Flow of Output, Income, Spending Framework
Statistical Presentation of Philippine Macroeconomic Indicators
- National Income Accounts
- Labor Force: Employment/Unemployment
6 - Consumer Price Indices and PPP
- Balance of Payments
- Peso to US Dollar Rates
Underground Economy
Alternative Measures of Development
Fiscal Deficits and Public Debt
2
March 2014
Money Supply, Money Demand and Equilibrium Interest Rate
Monetary Tools
7 Aggregate Demand/Aggregate Supply
Inflation and Unemployment: Types and Causes
Trade-off Between Inflation and Unemployment
Globalization:
- Absolute and Comparative Advantage
8 - Free Trade vs. Protectionism
- Trade Organizations
- Other Globalization Issues
COURSE REQUIREMENTS:
1. ATTENDANCE AND PARTICIPATION:

The class will meet once a week for four hours at a time, for a total of eight weeks.
The highly accelerated pace requires students to take a great deal of responsibility
for their own learning outcomes. While in class, students are expected to actively
participate in all discussions and interact with the professor and classmates. Outside
of class, students are expected to do a minimum of 15 hours per week of study,
homework assignments, and/or group projects.
Students are expected to attend all class sessions for this course. If an absence is
unavoidable, the professor should be advised beforehand. Arrangements will be
made at the time for additional assignments, if appropriate. However, points for
attendance and participation will be affected by this absence. Under existing rules,
the student should not incur more than one (1) absence; otherwise he will be
disqualified from the course.
2. GROUP PRESENTATION AND/OR INDIVIDUAL PAPER:
The following rubric will be used in assessing the quality of the group presentation:
Traits 1 2 3 4
Content Presentation Presentation had Presentation Presentation
Did the contained moments where valuable had a good had
presentation little to no material was present but amount of exceptional
have valuable valuable as a whole, content was material amount of
material material. lacking (occasionally valuable
relevant to the using material
topics exercises and (using
assigned? problems to exercises and
illustrate a problems to
concept or illustrate a
citing actual concept, citing
business actual
cases) and business
benefited the cases) and
class was beneficial
to the class.
Organization The There were minimal Presentation Presentation
Was the presentation signs of organization or had was well
3
March 2014
presentation lacked preparation. organizing organized,
well organized organizations ideas but well prepared
and easy to and had little could have and easy to
follow? evidence of been much follow.
preparation. stronger with
better
preparation.
Presentation Presenters Presenters were not Presenters Presenters
Did the were consistent with the level were were all very
presenters unconfident of occasionally confident in
speak clearly? and confidence/preparedness confident with delivery and
Did they demonstrated they showed the their they did an
engage the little evidence classroom but had some presentation excellent job
class? Was it of planning strong moments. however it of engaging
obvious the prior to was not as the class.
material had presentation. engaging as it Preparation is
been could have evident.
rehearsed? been for the
class.
Collaboration The members The members The members The members
Did everyone never worked sometimes worked from worked from always
contribute to from others others ideas. However it others ideas worked from
the ideas. It seems as though certain most of the others ideas.
presentation? seems as people did not do as time. And it It was evident
Did everyone though only a much work as others. seems like that all
seem well few people everyone did contributed
versed in the worked on the some work, equally to the
material? presentation. but some presentation.
people are
carrying the
presentation.
Use of Media Media is Relies heavily on the Looks at the Media are
Did the group superfluous or media used. Materials materials used
use any media nothing was rarely support the often to keep effortlessly to
or materials to used during presentation. track of the enhance
support their the presentation. presentation.
presentation? presentation. They are Materials are
Did they easy to use appropriate,
reinforce the and easy to
presentation understand. understand,
and are and attractive.
appropriate,
easy to
understand and
attractive?
The following rubric will be used in assessing the quality of individual paper:
Completeness Incomplete in Incomplete in Complete in Complete in all

most many respects. most respects. respects.
respects.
4
March 2014
Analysis and Use Presents an Presents Presents a Presents an
of Economic incomplete realistic or thorough insightful and
Principles, analysis of appropriate analysis of most thorough
Concepts, Tools, the issues recommendatio issues analysis of all
Theories, Models identified; ns supported by identified; issues
makes little the information makes identified;
or no presented. appropriate makes
connection connections. appropriate and
with powerful
principles, connections.
concepts and
tools learned.
Recommendations Presents Presents Presents Presents
unrealistic or realistic or specific, detailed,
inappropriate appropriate realistic and realistic, and
recommenda recommendatio appropriate appropriate
tions with ns supported by recommendatio recommendatio
little, if any, the information ns supported by ns clearly
support from presented. the information supported by
information presented. the information
presented. presented.
Writing Mechanics Writing is Writing lacks Writing is Writing
unfocused, clarity or accomplished in demonstrates a
rambling, or conciseness terms of clarity sophisticated
contains and contains and clarity,
serious numerous conciseness conciseness
errors; lacks errors; gives and contains and
detail and insufficient only a few correctness;
relevant data detail and errors; included includes
and relevant data sufficient details thorough details
information; and information; and relevant and relevant
poorly lacks data and data and
organized. organization. information; information;
well-organized. extremely well-
organized.
A list of pre-approved topics for term papers is included at the end of the syllabus.
3. INDIVIDUAL EXAMINATIONS
A case examination will be given on Session 4 and a mid-term examination will be

given during the first hour of Session 5. Both examinations cover all microeconomic
topics. The case examination takes longer hours since it covers reading and analysis
of cases and answering questions at the end of each case. Each case is meant to
illustrate specific microeconomic principle, concept, tool, theory or model. The mid-
term examination covers application problems requiring analysis and solutions.
The following rubric will be used in determining the grade:

4 at least 90% of total questions answered are correct.
1 49% and below of total questions answered are correct.
5
March 2014
GRADING CRITERIA:
The following Quality Point Index (QPI) applies to all MBA courses within this Program:
4.0 Excellent/Outstanding 98-100

3.5 Superior 95-97
3.0 Very Satisfactory 92-94
2.5 Above Average 89-91
2.0 Average 86-88
1.5 Pass 85
1.0 Fail 84 and below
GRADING SYSTEM:
Individual Examinations 70%
Group Presentation/Individual Paper 20%
Attendance and Class Participation _10%
Total 100%
SPECIAL ACCOMMODATIONS:
If a student is in need of course adaptation or special considerations due to certain
disability or other problems or constraints, the same should be discussed with the
instructor ASAP.
MATERIALS OF INSTRUCTION
1. Textbook: Karl E. Case & Ray C. Fair

Principles of Economics (9th Edition) 2009
Pearson Prentice Hall
Paul G. Farnham
Economics for Managers (2nd Edition) 2010
Pearson Prentice Hall
2. Supplementary materials: Clifford W. Smith Jr., James Brickley & Jerold L.

Zimmerman
Managerial Economics and Organizational
Architecture (4th Edition) 2007
McGraw-Hill College
Baye, Michael R.
Managerial Economics and Business Strategy
(5th Edition) 2006
McGraw-Hill Irwin
Hirschey, Mark
Basic Economics for Managers 2006
Thomson South-Western
Cooper, Cary L., Argyris, Chris& Starbuck, William H.
6
March 2014
The Blackwell Encyclopedia of Management (2nd
Edition) 2005
Basil Blackwell Publishing Ltd.
Other reference materials (e.g., articles, institutional websites, etc.) may be given by
the faculty.
Occasional paper or OPS:

OP 2: Bank Restructuring and Rehabilitation at the Micro Level: A Theoretical Approach
and Lessons from the Past
OP 5: The Community Metaphor in ASEAN Discourse and Its Influence on Economic
Integration
OP 6: The Ageing Population: Societal Response and Their Implications to Business and
Industry in Selected ASEAN Countries
SS5: Factors Associated with Poverty Movement of Negros
Women for Tomorrow
Foundation Clients
3. Web References:
The following APS online library resources are available for access:
a. EBSCO
b. Accessing Marketline Advantage Online
(See Appendices A & B)
The following internet resources can also be used:

http://www.geocities.com/vanderboon/Economiclinks.html A search engine for working papers
in economics plus links to sites
related to economics and finance.
http://www.stats.bls.gov Table providing overview of
economy, with links to programs and
surveys, research papers, and
regional information.
http://william- Provides detailed explanations about
king.www.drexel.edu/top/prin/txt/Intro/Ch1ToC.html economics.
http://william- Discussions about macroeconomic
king.www.drexel.edu/top/prin/txt/probs/Ch17ToC.html problems.
http://william- Offers discussions about economic
king.www.drexel.edu/top/prin/txt/gro/Ch16ToC.html growth.
http://william- Elasticity and applications in
king.www.drexel.edu/top/prin/txt/Elasch/Ch4ToC.html macroeconomics.
http://william- Advanced topics in the theory of
king.www.drexel.edu/top/prin/txt/MUch/ChToC.html demand in macroeconomics.
http://william- Introduction to the theory of demand
king.www.drexel.edu/top/prin/txt/MBch/Ch5ToC.html in macroeconomics.
http://william- Discussions about measuring the
king.www.drexel.edu/top/eco/EPE/GDPch/GDP.html national economy.
http://william- About applications of aggregate
king.www.drexel.edu/top/prin/txt/ASapp/Ch25ToC.html supply and demand.
http://william- Controversies in macroeconomics 1:
king.www.drexel.edu/top/prin/txt/controv1/Ch26ToC.html monetarism and the policy
ineffectiveness proposition.
http://william- Controversies in macroeconomics 2:
king.www.drexel.edu/top/prin/txt/controv2/Ch27ToC.html the nature of unemployment.
http://william- Covers about monopoly.
king.www.drexel.edu/top/prin/txt/Monch/Ch10ToC.html
7
March 2014
http://william- Offers discussions about marxist
king.www.drexel.edu/top/prin/txt/marx/ApxToC.html economics.
http://william- The twentieth-century economic
king.www.drexel.edu/top/prin/txt/comsysf/ApxToC.html systems
http://ecedweb.unomaha.edu/ Economic education web site,
provides economic updates and
information about economy globally.
http://www.economist.com/index.html A weekly magazine on the
international economy. This is a good
source for more in-depth analysis of
current political, business and
financial issues.
http://www.oswego.edu/~kane/econometrics Browse a guide to econometric
research projects and data
accessible on the internet.
http://www.bbh.com/ Commentary on exchange rate
http://pacific.commerce.ubc.ca/xr/currency_table.html Current information on a large
number of the world's currencies
(both in terms of exchange rates, as
well as symbols and types of
currency management regimes--
floating vs. fixed).
http://www.quickmba.com/econ/micro/elas/ped.shtml Defines price elasticity of demand,
discusses the implications of elastic
and inelastic demands, and lists
some factors that influence a
product's price elasticity of demand.
http://www.quickmba.com/econ/micro/indcon.shtml Discusses two common methods for
measuring the concentration of firms
in an industry.
http://www.themanager.org/Knowledgebase/Economics/index. Discussions about basics,
htm miscellaneous articles, statistics and
figures and microeconomics.
http://www.bris.ac.uk/Depts/Economics/Growth Economic growth resources web site
a general guide includes sections on
the latest research, literature surveys
and working papers.
http://www.neda.gov.ph/ Economic planning agency that
presents economic updates indicates
publications, reports and e-
commerce laws. Includes the
websites of
the Asian productivity organization.
http://www.econlib.org/ Economics classics online, featured
essays letters to the editors, chat with
economists, data links by topic, etc.
http://www.argmax.com/ Economics news, data and analysis
for the US economy and the world.
http://www.aeaweb.org/ Information for economists provided
by the American economic
association. Includes e-Jel, the
electronic edition of the journal of
economic literature.
http://www.federalreserve.gov/ Information the structure of the
federal reserve system, monetary
policy, consumer information,
testimony and speeches, federal
8
March 2014
reserve board press releases, and
more.
http://www.iie.com/ Institute for International economics,
contains working papers, speeches,
testimonies and essays related to
international economics.
http://www.emgmkts.com/ Non-current information on the
emerging markets. Includes some
good information on these markets.
http://www.helsinki.fi/WebEc/ Presents comprehensive world wide
web a resource in economics
includes online journal information
and publications in Finland, US, UK,
and Japan.
http://gerdb.org/ Provides a collection of links to
regional economies departments,
current job and grant postings,
conferences, associations and
journals.
http://www.economist.com/ Provides daily published news and
current affairs by categories opinion,
world, business, finance &
economics, science & technology,
people, books & arts, markets & data,
diversions, etc.
http://www.economy.com/dismal/ Provides economic analysts, financial
outlook and global data.
http://www.economymodels.com/ Provides essay about and software
for forecasting the economy through
the use of financial and macro
economic models.
http://www.pcastrd.dost.gov.ph/ Provides various resources for
economists on the internet including
teaching, resources and guides to
other economic sites on the net, etc.
http://directory.google.com/Top/Business/Resources/Associati Site from the "google web directory"
ons lists numerous trade Associations.
/Trade_Associations/ Trade Associations can be an
excellent way to find information on
an industry.
http://www.eh.net Site of economic history services that
provides resources and promote
communication among scholars in
economic history and related fields.
http://www.prb.org/ Site of the population reference
bureau, provides worldwide statistics
on all aspects of demographics.
http://economics.about.com/ Starting point for economics
information with features, articles,
web link library, economic data, and
more.
http://www.worldbank.org/data/countrydata/countrydata.html The world bank's economic and
social data on countries, from its
World Development Indicators
database.
http://www.barrons.com/ This newspaper often has some very
good insight into the markets. It
9
March 2014
comes out on a weekly basis, and
many of the major market analysts
often discuss their market calls in this
newspaper.
http://fairmodel.econ.yale.edu/ This site brings the power of large-
scale macro econometric analysis to
anyone with access to the internet. It
is a resource for business forecasts,
government policy analysts, macro
economic researchers, teachers and
students.
http://www.cyveillance.com This site provides solutions enable
businesses to capture revenue by
taking control of their brand identity,
digital assets, corporate reputation
online and strategic analysis.
http://econpapers.repec.org/ This website is a service for finding
and downloading the latest research
results in economics, It contains
around 11,000 papers.
http://www.economy.com/ Web portal for news, data and
analysis on the world's economies,
industry status and related topics.
SUPPLEMENTAL MATERIALS:
Please refer to Appendix B and to the Ateneo-Regis MBA website for Resource
Bibliography.
Please refer to the Case and Fair Web page for more applications.
The facilitator may provide additional readings and articles.
Current issues of any economic publications (Asian Wall Street Journal, The
Economist, Far East Economic Review, Forbes, Fortune, Asian Manager, Asia
week).
RESEARCH WORK:
AGSB recommends the use of standard style guides with preference to that of the
American Psychological Association (APA). The following websites are suggested as
guide references:
http://www.aresearchguide.com/styleguides.html
http://www.apastyle.org/index.html
http://apastyle.org/electrf.html
http://bob.ucsc.edu/library/ref/instruction/research/libres.html
ACADEMIC INTEGRITY POLICY:

Each learner is responsible to know the standards of conduct and expectations of
academic integrity that apply to undertakings. Academic dishonesty will not be tolerated
and will result in the maximum penalty allowable as defined in the Student Guidebook.
The following are considered serious violations per Guidebook:
Cheating during exams.
Submitting spurious reports copied from previous materials other than his/her
own.
Plagiarism.
In understanding what constitutes Plagiarism, see the following sites:
http://www.engl.niu.edu/conskills/students/plagiaris/Plagiarism.html
10
March 2014
http://www/ehhs.cmich.edu/~mspears/plagiarism.html
In addition to what is stated in the Guidebook, the following are examples of academic
dishonesty, which are pertinent to the requirements of this course:
Copying another students work including assignments and reports
Use of crib sheets or other hidden note for a quiz or an exam
Receiving assistance from anyone else with take-home quizzes
11
March 2014
SESSION 1
Assignments to be completed prior to Session 1:
1. Read and understand Chapter 1.
2. One-page paper assessing how the students organization takes into consideration
macroeconomic and microeconomic theories and principles when making business
decisions.
3. Bring a recent copy of any economic magazine or publication and be ready to

discuss a relevant news item or article illustrating the concepts of economics.
Learning Objectives:
At the end of this session, students are expected to competently:
1. Articulate the course format, expectations, and requirements;
2. Differentiate the various fields of economics;
3. Explain key economic concepts that influence personal lives, businesses, and
economies;
4. Apply economic concepts to real-world situations; and
5. Identify and resolve ethical issues in economics.
Activities:
1. Introduction of students and facilitator.
2. Submission of papers on organizational application of economic theories and

principles.
3. Discussion of a relevant news item/article.
4. Groupings for class presentations and reactions.
5. Discussion of basic microeconomic principles, concepts, and tools of analysis and

their application to managerial decision-making.
6. Selection of topics for the individual term paper and explanation of format and
content requirements (optional).
12
March 2014
SESSION 2
1. Read the assigned chapters and readings.
2. Be prepared to present and discuss assigned topics.
1. Understand how individual markets work in terms of the law of demand and supply;
2. Analyze the determinants of demand and supply;
3. Explain how the price system works in rationing and allocating resources;
4. Understand the responsiveness of consumers and producers in markets to price

changes; and
5. Explain how the individual consumer behaves and makes choices in both output and
input markets.
Activities:
Discussion of cases and problems relating to the topics assigned.
Assessment Tool:
Quizzes to check for the adequacy or inadequacy of students in applying the law of
demand and supply to real life situations.
13
March 2014
SESSION 3
1. Analyze the behavior of profit-maximizing firms in making decisions as to:

a. How much output to produce;
b. How to produce that output; and
c. What quantity of each input to demand.
2. Identify and analyze the different types of costs affecting production.
Activities:
Discussion of cases and problems relating to the topics assigned.
Assessment Tool:
Quizzes to measure the extent by which the students are able to grasp the theories of
production and cost.
14
March 2014
SESSION 4
1. Classify the different types of market structures and the factors that create them;
2. Analyze how they work and how profit-maximizing firms behave with respect to
output, costs, pricing, and revenues; and
3. Cite real-life examples of each type of market structure.
Assessment Tool:
Case Examination to find out the extent of learnings achieved by the student with
respect to how the microeconomic forces create opportunities and threats for growth of
individual firms, industry and market.
15
March 2014
SESSION 5
1. Translate the circular flow of output, income, spending framework into real-world
economic events;
2. Demonstrate the use of macroeconomic variables and policy instruments in

assessing the macroeconomic environment in which all firms operate; and
3. Apply the macroeconomic framework in formulating strategic management decisions.
Assessment Tool:
Mid-term Examination in Microeconomics (1 hour) to test the overall knowledge gained

by the student in understanding microeconomic principles.
16
March 2014
SESSION 6
1. Interpret the Philippine GDP/GNP performance historically;
2. Analyze inflation and unemployment trends in the country;
3. Identify each foreign exchange inflow and outflow in the Philippine BOP;
4. Compare the peso to the US dollar rates year-on-year and cite the reasons for the
movements;
5. Comprehend the nature, size, categories, significance and implications of the

underground economy;
6. Recognize the human development index as an alternative measure of development

and welfare; and
7. Be conscious of the real score on fiscal deficits and public debt on the national
economy.
Activity and Assessment Tool:
Presentation of Cases, or presentation of Group Projects/Research Papers.
17
March 2014
SESSION 7
1. Discuss the concepts of money supply and money demand;
2. Identify the factors affecting money supply and money demand;
3. Analyze the concepts of aggregate demand and aggregate supply and their
determining factors;
4. Discuss the twin issues of inflation and unemployment; and
5. Resolve the trade-off between inflation and unemployment.
18
March 2014
SESSION 8
1. Be prepared to present your group project or individual term paper.
2. Review for the final examination covering macroeconomics (this will be conducted if
no case examination in microeconomics is given).
1. Distinguish the Principle of Comparative Advantage from Absolute Advantage and

how it results in mutually beneficial trade among economies;
2. Present both sides of the Free Trade vs. Protectionism debate and decide which will
be more beneficial for the country in the long run;
3. Discuss the phenomenon of globalization and its driving forces, its effects on
production, trade, investments, and human resources, and the opportunities and
risks that the Philippines faces in participating in international economic agreements
such as AFTA, WTO, and APEC.
19
March 2014
LIST OF TOPICS FOR GROUP PROJECTS
1. Describe how the Philippine government measures GDP and GNP. What accounts
for the biggest difference between the two measures?
2. Describe the Philippines GDP and GNP growth rates over the last 10 years.
Compare with those of our ASEAN neighbors over the same period.
3. Describe the Philippines population size and growth rates over the last 10 years.
Compare with those of our ASEAN neighbors over the same period. Is population an
asset or a liability for the Philippines?
4. Describe the targets of the Philippines Medium Term Development Plan (as created
by NEDA) with respect to growth, price stability, and employment. How will these
targets be met?
5. Describe the BSPs framework of inflation targeting. How does the BSP control
money supply? What has been the BSPs track record in maintaining price stability?
6. Describe and analyze the Consolidated Public Sector Fiscal Position in the post-
Marcos period. What were the causes of the CPSFPS deterioration?
7. What is privatization? What is Build-Operate-Transfer? How did these contribute to

the alleviation of the fiscal deficit? What were their risks and disadvantages, if any?
8. Describe the Philippines employment and unemployment rates over the last 10
years. Compare with those of our ASEAN neighbors over the same period. Analyze
for causes.
9. Describe the Philippines labor productivity levels over the last 10 years. Compare
with those of our ASEAN neighbors over the same period. Analyze for causes.
10. Explain the Consumer Price Index, its significance, and how it is computed by the
National Statistics Office.
11. Describe the Philippines inflation rates over the last 10 years. Compare with those of
our ASEAN neighbors over the same period. Analyze for causes.
12. What is the Principle of Comparative Advantage, and how does it apply in
international trade? What are the arguments for Protectionism? For Free Trade?
What had been the Philippines economic performance under the protectionist
policies of the post-World War II administrations?
13. Describe the Philippines Balance of Trade and Balance of Payments over the last 10
years. What are our principal exports? Which countries are our major export
markets? What are our principal imports? Which countries are our major import
sources? How do our BOT and BOP compare with those of our ASEAN neighbors
over the last 10 years?
14. What was the Bretton Woods Accord? What was its role in creating the post-World
War II monetary exchange system? Why did it eventually fail? What is the current
system for determining exchange rates?
20
March 2014
15. What is globalization? What are its driving forces? What are its effects on production,
trade, investments, human resources, and the environment? What are the
opportunities and risks that we face in participating in international economic
agreements such as AFTA, WTO, and APEC? What does global competitiveness
mean, and how does the Philippines rank? In which areas is the Philippines strong?
In which areas is it weak?
21
March 2014
PRE-APPROVED TOPICS FOR RESEARCH PAPER IN ECOMAN REGIS
Topic Student
1. The Economic Role of the Stock Market
2. ASEAN Free Trade Area (AFTA) + China
3. General Agreement on Tariffs & Trade/ World
Trade Organization (GATT/WTO)
4. Asia-Pacific Economic Cooperation (APEC)
5. The Asian Economic Crisis: Chronology, Causes,
and Lessons Learned
6. Sustainable Development
7. Philippine post-World War II Economic
Development Strategies and Policies
8. The Build-Operate-Transfer Law: Benefits and
Risks
9. The Economics of Electric Energy: IPPs, the
PPA, and the Electric Power Industry Reform Act
(EPIRA)
10. The Economics of Oil: OPEC, the deregulation
law, MOPS, the Dubai crude oil benchmark, local
downstream players
11. The Philippine Dealing System: How it Sets
Exchange Rates
12. WTO and Intellectual Property Rights
13. International Finance: Foreign Investments
(Direct and Portfolio) in the Philippines vs. its
ASEAN neighbors
14. International Finance: Foreign Loans
15. The Anti-Money Laundering Act: Why the Need
and What It Means to the Banking Community
16. Philippine Agriculture: Coping with the
Challenges of Modernization and Globalization,
the Agriculture and Fisheries Modernization Act
17. The Economic Impact of the Open-Skies Policy
18. The Economic Impact of the Liberalization of
Telecommunications
19. The Special Purpose Asset Vehicle Law and
Banks Non-Performing Assets
20. The Economic Impact of Overseas Employment
21. The Economic Impact of Research and
Development in Science and Technology
22. The Economic Impact of Tourism
23. The Economic Impact of Fresh Water Scarcity
24. The Economics of Mass Transportation
25. The Economic Impact of Global Warming
26. The Economic Impact of E-Commerce
27. Improving the Economic Competitiveness of
the Manufacturing Sector
22
March 2014
28. The Economics of Health Care
29. The Economics of Business Process
Outsourcing
30. The Economics of Mass Housing
31. The Effect of Agrarian Reform (CARP) on
Agricultural Productivity
32. The Economic Impact of Small and Medium-
scale Enterprises
33. The Economic Impact of Shipping (RORO)
34. The Economic Impact of Mining
35. The Economic Impact of Adverse Supreme Court
Decisions on Major Investment Projects
36. The Role of Infrastructure in Economic
Development
37. The Economic Impact of Genetically Modified
Organisms
23
March 2014
Table of Contents
1. CASE STUDY The Underground Economy and the Tax Gap
2. CASE STUDY - The deepening crisis: The real score on deficits and the public debt.
School of Economics University of the Philippines
August 2004
3. CASE STUDY Does GNP Means Gross National Problems
4. CASE STUDY Local Currencies: A Do-It-Yourself Guide to Making Money
5. CASE STUDY Are We Headed for a Cashless Society
6. CASE STUDY The CPI and the Economic Policy
7. CASE STUDY Criminal Business Cycles
8. CASE STUDY The United States and the Asia-Pacific Economic Cooperation
Forum
24
March 2014

Economics For Managers REGIS

Încărcat de

Informații document

Titlu original

Drepturi de autor

Formate disponibile

Partajați acest document

Partajați sau inserați document

Opțiuni de partajare

Vi se pare util acest document?

Este necorespunzător acest conținut?

Drepturi de autor:

Formate disponibile

Economics For Managers REGIS

Încărcat de

Drepturi de autor:

Formate disponibile

Ateneo Graduate School of Business

Rockwell Center, Makati City

ECONOMICS FOR MANAGERS

Revised: March 2014

COURSE TITLE: ECONOMICS FOR MANAGERS

COURSE CODE: ECOMAN

2. Dissect how economies function including the efficacy of economic policies in

3. Integrate economic concepts into various disciplines, specifically, strategic

4. Identify the challenges of the external environment covering the macroeconomy,

7. Demonstrate the use of information technology in researching, analyzing, and

Session Topics Covered

1. ATTENDANCE AND PARTICIPATION:

2. GROUP PRESENTATION AND/OR INDIVIDUAL PAPER:

Completeness Incomplete in Incomplete in Complete in Complete in all

A case examination will be given on Session 4 and a mid-term examination will be

The following rubric will be used in determining the grade:

4.0 Excellent/Outstanding 98-100

1. Textbook: Karl E. Case & Ray C. Fair

2. Supplementary materials: Clifford W. Smith Jr., James Brickley & Jerold L.

Cooper, Cary L., Argyris, Chris& Starbuck, William H.

Occasional paper or OPS:

The following internet resources can also be used:

ACADEMIC INTEGRITY POLICY:

Assignments to be completed prior to Session 1:

1. Read and understand Chapter 1.

3. Bring a recent copy of any economic magazine or publication and be ready to

2. Differentiate the various fields of economics;

4. Apply economic concepts to real-world situations; and

5. Identify and resolve ethical issues in economics.

1. Introduction of students and facilitator.

2. Submission of papers on organizational application of economic theories and

3. Discussion of a relevant news item/article.

4. Groupings for class presentations and reactions.

5. Discussion of basic microeconomic principles, concepts, and tools of analysis and

Assignments to be completed prior to Session 2:

1. Read the assigned chapters and readings.

2. Be prepared to present and discuss assigned topics.

At the end of this session, students are expected to competently:

2. Analyze the determinants of demand and supply;

4. Understand the responsiveness of consumers and producers in markets to price

Discussion of cases and problems relating to the topics assigned.

Assignments to be completed prior to Session 3:

1. Read the assigned chapters and readings.

2. Be prepared to present and discuss assigned topics.

At the end of this session, students are expected to competently:

1. Analyze the behavior of profit-maximizing firms in making decisions as to:

2. Identify and analyze the different types of costs affecting production.

Discussion of cases and problems relating to the topics assigned.

Assignments to be completed prior to Session 4:

1. Read the assigned chapters and readings.

2. Be prepared to present and discuss assigned topics.

At the end of this session, students are expected to competently:

3. Cite real-life examples of each type of market structure.

Assignments to be completed prior to Session 5:

1. Read the assigned chapters and readings.

2. Be prepared to present and discuss assigned topics.

At the end of this session, students are expected to competently:

2. Demonstrate the use of macroeconomic variables and policy instruments in

3. Apply the macroeconomic framework in formulating strategic management decisions.

Mid-term Examination in Microeconomics (1 hour) to test the overall knowledge gained

Assignments to be completed prior to Session 6:

1. Read the assigned chapters and readings.

2. Be prepared to present and discuss assigned topics.