HOLY ANGEL UNIVERSITY
SCHOOL OF BUSINESS AND ACCOUNTANCY Graduate School of Business
COURSE OUTLINE: ECONOMIC ANALYSIS AND POLICY (DBMBUSECO)
Holy Angel University VGMOs
Vision: To become a role-model catalyst for countryside development and one of the most influential, best-managed Catholic universities in the Asia-Pacific region.
Mission: To offer accessible quality education that transforms students into persons of conscience, competence, and compassion.
Core Values: Christ-Centeredness, Integrity, Excellence, Community, and Societal Responsibility
Strategic Objectives:
1. Academic Quality and Organizational Excellence 2. Authentic Instrument for Countryside Development 3. Great University to Work for
4. Faithful Catholic Education Graduate School of Business VGMOs Vision Statement
A premiere graduate business education in the Asia-Pacific Region dedicated to helping professional, entrepreneurs and public servants become competent and socially responsible leaders and to contribute to countryside development.
Mission
To provide advanced and high quality business education in the field of management, accountancy, entrepreneurship, public governance and hospitality to professionals and leaders through a wide range of relevant, educational experience.
Goal
To provide our sincerest service to our graduate students as we are committed to the shared ideals of integrity, excellence, community service and societal responsibility.
GSB Strategic Objectives
1. To offer programs that are more relevant and responsive to the shifting needs of the real world.
2. To promote practitioner-research oriented that will allow us to participate in the furtherance of knowledge and elevate our GSB programs to higher level of excellence.
3. To forge and maintain strategic functional linkages and/or partnership with academic institutions, relevant organizations, national government agencies and local government units for knowledge transfer, sharing of resources and advocacy training for public service.
4. To act as reputable workplace preferred by faculty members who are experts in their corresponding fields and proficient in interdisciplinary and multi-disciplinary approaches in teaching.
5. To foster culture that promotes integrity, innovation, and the highest ethical standards in the Catholic context.
DBM Program Educational Objectives
1. Students will be able to produce business research using multivariate analytical tools.
2. Students will be able to integrate the emerging topics and issues of organization in the global context.
3. Students will be able to solve problems arising from corporate finance using business analytical tools.
4. Students will be able to judge whether business practices conform to the ethical standards in business.
HAU Strategic Objectives GSB Strategic Objectives DBM
Program Educational Objectives
Institutional Students’
Learning Outcomes 1. Academic Quality and
Organizational Excellence
1. To offer programs that are more relevant and responsive to the shifting needs of the real world.
#2 and #3 • Civic and Global
Learning
• Applied and Collaborative Learning
• Critical and Creative Thinking
2. Authentic Instrument for Countryside Development
2. To promote practitioner- research oriented that will allow us to participate in the furtherance of knowledge and elevate our GSB programs to
#1, #2, and #3 • Civic and Global Learning
• Applied and Collaborative Learning
• Critical and Creative
higher level of excellence. Thinking
3. To forge and maintain strategic functional linkages and/or partnership with academic institutions, relevant organizations, national government agencies and local government units for knowledge transfer, sharing of resources and advocacy training for public service.
#2 • Civic and Global
Learning
• Applied and Collaborative Learning
• Communication and Interpersonal Skills
3. Great University to Work For 4. To act as reputable workplace preferred by faculty members who are experts in their corresponding fields and proficient in interdisciplinary and multi-disciplinary approaches in teaching.
#4 • Communication and
Interpersonal Skills
• Valuing and Ethical Reasoning
4. Faithful Catholic Education 5. To foster culture that promotes integrity, innovation, and the highest ethical standards in the Catholic context.
#2, #3 and #4 • Civic and Global
Learning
• Applied and Collaborative Learning
• Communication and Interpersonal Skills Valuing and Ethical Reasoning
• Communication and Interpersonal Skills
Course Learning Outcomes
At the end of the course and having completed the essential reading and activities, students should be able to:
1. Describe the main theories, debates and concepts in international economic analysis and policy.
2. Demonstrate a clear understanding of the major economic policy issues in developing countries.
3. Be able to read, understand and critique empirical analysis in the context of international economic policy evaluations at a non- technical level.
4. Demonstrate an understanding of how theories of economic analysis have evolved and shaped.
Course Description
This is a course that prepares Doctoral students for the system of international trade and analysis of fiscal policy. A critical analysis of fiscal policy decisions requires a far greater depth of knowledge than can be received from news reports and political speeches. Issues such as how best to reduce traffic congestion, reduce acid rain, improve airline safety or develop a parcel of land are better understood by organizing, measuring and weighing the effects of alternative policies. This course is the ideal venue for students to obtain an intensified understanding of benefit-cost analysis, the economics of efficiency, risk analysis and present value, and is suitable for managers with only a modest background in mathematics and economics. It is a course integrating international economics, including topics such as the balance of payments, exchange rates, monetary and fiscal policy, and trade policy. The course will help students to understand how central banks affect the money supply, and the implications of monetary policy for exchange rates and trade. Class activities also include the discussion of some aspects of international monetary system and multilateral institutions. The course stresses on select economic and policy issues for advanced economies, and emerging and developing countries. In addition, this course provides an accessible, yet rigorous discussion of policy analysis for development that is suitable for Doctoral students from a wide variety of backgrounds. Furthermore, the unit will equip the students with the skills to critically read quantitative research testing the extent to which economic theories reflect reality and the success of fiscal policies.
No. of units 3 units
Required Textbook William K. Bellinger, W. K. (2015). The Economic Analysis of Public Policy. Routledge.
Other Resources/References
Arnold, R. (2015). Principles of Economics, 11th ed. Cengage Asia.
Hilmer, C. et al. (2014). Practical Econometrics : Data Collection, Analysis, and Application Newbold, P. et al. (2013). Statistics for Business and Economics, 8th ed
Peck, R. (2016). Introduction to Statistics & Data Analysis, 5th ed.
Websites
https://academic.oup.com/economicpolicy http://www.economic-policy.org/
Requirements
There will be one major examination for the entire trimester - the final exam. Active class participation, economic policy analyses and assignments shall also be required to evaluate student performance based on the assigned chapters, lectures and readings. Students shall be required to submit written reports and do oral presentation to evaluate how well they could apply economic analysis and policy in research and management.
Course Content
Meeting Learning Competencies
Topic Methodology Student Output Evaluation of
Learning Assessment 1 Explain the principles
of microeconomics in relation to policy development.
Explain how these principles guide policy in product markets.
Analyse how main ways economic theory of equity is manifested in economic policy.
Orientation to the Course
Measuring the economy
• Supply and demand
• Measuring GDP Monitoring jobs and inflation
• The long-run economy Labor markets and growth
Financial markets,
• Saving and Investment
• Money and inflation
Interactive Discussion Students to answer class exercises
Class
Participation/Discussion Presentation of
Answers to class exercises
Rubric assessment
2 Evaluate the measurement of private wealth,
The short-run economy Aggregate supply and demand
Interactive Discussion Students to answer review exercises
Class
Participation/Discussion Presentation of
Rubrics assessment
business
organizations and social welfare Describe the means of
and rationale for redistribution in an economy.
Critically evaluate contemporary policy debates with
reference to
economic principles as applied to
business and services.
Fiscal and monetary policy
Consumer Theory Constraints,
Preferences & Demand
Answers to the review exercises
3 Evaluate the structure of the tax-transfer system in the economy.
Identify the main characteristics of the business industries of business and services.
Demand and supply analysis
• Elasticity
• Market efficiency Producer theory
• Organizing production
• Output and costs
Interactive Discussion Students to perform an economic policy review
Student presentation
Class Participation/
Discussion
Presentation of Policy Reviews
Case Study Analysis Rubrics
4 Analyse how the main ways economic theory is used to explain business organizations, economic, societal and governmental
Market structure
• Competitive markets
• Market power
• Competitive strategy
Interactive Discussion Students to perform case analyses on the assigned class readings
Class Participation/
Discussion Presentation of analyses to the case study
Oral Presentation Rubrics
formation and function.
5 Critically evaluate contemporary policy debates with
reference to
economic principles as applied to
business and social services.
Presentation of Article Report
Interactive Discussion Class Participation/
Discussion Presentation of a critique on the article report
Written Report Rubrics
Expectations from Students
Students are held responsible for meeting the standards of performance established for each course. Their performance and compliance with other course requirements are the bases for passing or failing in each course, subject to the rules of the University.
The students are expected to take all examinations on the date scheduled, read the assigned topics prior to class, submit and comply with all the requirements of the subject as scheduled, attend each class on time and participate actively in the discussions.
Furthermore, assignments such as reports, reaction papers and the like shall be submitted on the set deadline as scheduled by the faculty. Extension of submission is approved for students with valid reasons like death in the family, hospitalization and other unforeseen events. Hence, certificates are needed for official documentation. Likewise, special major examination is given to students with the same reasons above. Attendance shall be checked every meeting. Students shall be expected to be punctual in their classes. And observance of classroom decorum is hereby required as prescribed by student’s handbook.
Academic Dishonesty
It is the mission of the University to train its students in the highest levels of professionalism and integrity. In support of this, academic integrity is highly valued and violations are considered serious offenses. Examples of violations of academic integrity include, but are not limited to, the following:
1. Plagiarism – using ideas, data or language of another without specific or proper acknowledgment. Example: Copying text from the Web site without quoting or properly citing the page URL, using crib sheet during examination. For a clear description of what constitutes plagiarism as well as strategies for avoiding it, students may refer to the Writing Tutorial Services web site at Indiana University using the following link: http://www.indiana.edu/~wts/pamhlets.shtml. For citation styles, students may refer to http://www.uwsp.edu/psych/apa4b.htm.
2. Cheating – using or attempting to use unauthorized assistance, materials, or study aids during examination or other academic work.
Examples: using a cheat sheet in a quiz or exam, altering a grade exam and resubmitting it for a better grade.
3. Fabrication – submitting contrived or improperly altered information in any academic requirements. Examples: making up data for a research project, changing data to bias its interpretation, citing nonexistent articles, contriving sources.
(Reference: Code of Academic Integrity and Charter of the Student Disciplinary System of the University of Pennsylvania at http://www.vpul.upenn.edu/osl/acadint.html).
Policy on Absences
1. A student who incurs two (2) absences in any subject shall be given a mark of “FA” as his final rating for the trimester, regardless of his performance in the class.
2. Attendance is counted from the first official day of regular classes regardless of the date of enrolment.
Grading System (Campus ++): Grading System. Student Catalogue (2011), Graduate School, Holy Angel University)
Grades Percentage Grade General Classification
1.0 97 – above Outstanding
1.25 94 – 96 Excellent
1.50 91 – 93 Superior
1.75 88 – 90 Good
2.00 85 – 87 Failed
6.00 FA Failure Due to Absences
8.00 UW Unauthorized Withdrawal
9.00 DRP Dropped with Permission
Assessment Criteria for Written examination
Grades Percentage Grade General Classification
1.0 97 – above Outstanding
1.25 94 – 96 Excellent
1.50 91 – 93 Superior
1.75 88 – 90 Good
2.00 85 – 87 Failed
