Globalization has created a profound impact on today’s complex society. The need for professionals who have excellent foundation in business, public policy, and international studies combined are highly-valued in any organization. Enderun’s new Bachelor of Science degree in Economics, offered by the Department of Saemaul Studies and Economic Development, is a unique academic program that infuses competencies in management, leadership, and social entrepreneurship. It will train students in good practices in international economics and management giving them a competitive advantage in the global career marketplace.The program will include a specialization in Saemaul Undong and International Development Cooperation, which will provide students with theoretical knowledge and practical competence in community development and international development. It will also introduce them to various global development organizations such as the United Nations (UN), World Bank, and the Asian Development Bank (ADB).
Graduates of this course will have a wide range of job opportunities as economists, development managers, social entrepreneurs, senior staff in NGOs, as well as high-level staff in global companies, multilateral banking and financial institutions and government agencies.
BSEcon Faculty
Faculty members of the College of Business, Technology, Economics and Entrepreneurship, with their expertise in the field of business either as academics or industry practitioners, reflect leading practices to deliver extensive real-world perspectives to global businesses and economy.
BSEcon Curriculum + Course Description
The Bachelor of Science Degree in Economics will provide students with rigorous training for problem solving and critical thinking pertinent to careers touching economic development issues.
General Education
LANG-ENG 101 Intermediate English Prerequisite None Course Credit 3 units (3 hours lecture per week) This course intends to consolidate the students' grasp of the basics by bringing their English skills a step higher. The students will be instructed in informal and technical writing. The methodical approach helps them learn how to take a proper, educated stand on any given issue, while creative activities help enrich their individual writing styles. LANG-ENG 110 Advanced English Prerequisite ENG 101 Course Credit 3 units (3 hours of lectures, readings, case studies, debates per week) This aims to raise the skills of the students through debate as a form of academic discourse as well as public speaking and presentation skills essential to collegiate and professional work. This aspect of the course integrates the students’ ability to think, converse, inform and persuade others on given issues. It also aims to incorporate logical thinking and in-depth, critical analysis and discussion of issues and matters relevant to students. LANG-FIL 101 Sining ng Pakikipagtalastasan Prerequisite None Course Credit 3 units Pag-aaralan ang Filipino bilang wikang buhay at patuloy na nadedebelop, at gagamitin ito sa pasalita at pasulat na pagpapahayag nang may pagsaalang-alang sa wastong baybay, bigkas at balarila bilang ambag sa patuloy na debelopment nito. Bilang pag-aaral ng sining ng pakikipagtalastasan, bibigyang-diin ang debelopment ng wikang Filipino, ang iba’t ibang nibel nito, at ang wastong konteksto ng gamit ng bawat isa. Lilinangin din ang kasanayan ng mga mag-aaral sa pagbasa at pakikinig upang ganap na maisaalang-alang ang masalimuot na sistema ng pakikipagtalastasan. LANG-FIL 110 Pagbasa’t Pagsulat sa Iba’t Ibang Disciplina Prerequisite None Course Credit 3 units Nilalaman ng kursong ito ang mga batayang prinisipyo ng pagbasa, pagsulat at pananaliksik tungo sa masining at epektibong paraan ng pagbubuo ng isang ganap na pananaliksik. Idedebelop dito ang mga kasanayan sa pasalita at pasulat na pagpapahayag ng mga istudyante bilang isang indibidwal, kasapi ng ethnic group, pagkamamamayan (citizenship) ng isang bansa at isang komyuniting global. Kaugnay ng apat na anyo ng pagpapahayag – paglalarawan, pagsasalaysay, paglalahad at pangangatwiran, na may tuon sa estilo at wastong gamit ng wikang Filipino, papalawakin ng kurso ang mga kaalaman at kasanayan ng mga istudyante sa kritikal na pagbasa at lohikal na pagsulat sa paggawa ng sariling pananaliksik. LANG-ENG 210 Literature Prerequisite None Course Credit 3 units Literature1 presents a survey of the World and Philippine Literature in English with emphasis on contemporary and emergent literary styles. The students will be acquainted with a variety of texts from here and around the world. The course includes an overview of different literary styles and methods of literary criticism thus providing the students with a framework for academic writing and critique. This deals with the evaluation and appreciation of literature by integrating reading, writing, listening and speaking skills gained in previous studies. By increasing your grip on these skills, you will eventually increase your knowledge and make you a better “reader” of the world. HUMA 201 Humanities Prerequisite None Course Credit 3 units This course introduces the student to the basic principles necessary for visual literacy and art appreciation. It makes use of a broad survey of art forms central to the development of Western and Philippine art and the tools needed for their interpretation and experience using the following approach: art history, art criticism, aesthetics, and art-making. HUMA 310 Introduction to Philosophy Prerequisite None Course Credit 3 units Introduction to philosophy is a course, which delves into the basic and fundamental issues in the field of philosophy. These issues shall be surveyed and investigated through the central teachings of the various prominent western philosophers and how their doctrines are reflected in reference to the recurrent issues of everyday human life. The central philosophical topics for discussion shall be concentrated on the nature of human knowledge, reality, religion and personhood. MATH 102 Algebra and Trigonometry Prerequisite MATH 101 Course Credit 3 units The course will tackle the basic definitions and applications of Algebra and Trigonometry in current business and social applications enabling the student to use these skills in providing alternative choices leading to an optimal decision making process. This course will tackle the basic definitions and applications of Algebra and Trigonometry in current business and social applications enabling the students to use these skills in providing alternative choices leading to an optimal decision-making process. MATH 250 Calculus 1 Prerequisite None Course Credit 3 units The course will tackle the basic definitions, theories and applications of Calculus in current business and social levels enabling the student to use these skills in providing alternative choices leading to an optimal decision making process. MATH 250 Calculus 2 Prerequisite None Course Credit 3 units The course will tackle the basic definitions, theories and applications of Calculus in current business and social levels enabling the student to use these skills in providing alternative choices leading to an optimal decision making process. MATH 201 Basic Statistics Prerequisite None Course Credit 3 units This math course is designed to teach students the use of statistical methods to describe and analyze various types of data leading to management decisions and recommendations. Topics include frequency distributions and their graphical representations, measures of central tendency, dispersion, position and shape, correlation, probability theories, simple linear regression and basic hypothesis testing. Sessions focus on the underlying concepts and the appropriate use and interpretation of these analyses in various applications such as management survey, forecasting of values and strategic profiles of given sample populations and specific industries. GEN SCI 201 Environmental Science and Environmental Resource Management Prerequisite None Course Credit 3 units The approach in learning Environmental Science consists of lectures, practical work and fieldworks. The course highlights basic knowledge of earth sciences and practical applications as part of developing environmental literacy and social responsibility. It further considers the context of global hospitality industry, business and entrepreneurship in advocating environmental management and sustainable development in pursuit of a green economy. GEN SCI 302 Biology Prerequisite None Course Credit 3 units The course highlights the underlying concepts of biology and practical applications as part of understanding life processes and developing a sense of awareness that can lead to responsible and sound decision-making. The course further provides a venue for discussing relevant and significant medical issues of today’s times that encourage critical thinking and develop careful analysis. Finally, it shall, where applicable, discuss the concept of Biology in Business and provide examples of Bio-based industries to broaden the students’ perspective on business opportunities utilizing biological science technologies.
The course highlights the underlying concepts of biology and practical applications as part of understanding life processes and developing a sense of awareness that can lead to responsible and sound decision-making. The course further provides a venue for discussing relevant and significant medical issues of today;s times that encourage critical thinking and develop careful analysis. Finally, it shall discuss the concept of Biology in Business and provide examples of Bio-based industries to broaden thr students’perspective on business opportunities.MATH 101 Business Math Prerequisite None Course Credit 3 units This course discusses the application of mathematical principles to a variety of business contexts, with particular emphasis on the fundamental concepts and principles in mathematics in business and financial costing. Selected topics relevant to business are being covered like arithmetic in business, algebra in business, percent and applications, mathematics of buying and selling, basic cost management, simple and compound interest and annuities. HIST 201 Philippine History, Government and Constitution Prerequisite None Course Credit 3 units This course studies the events and milestones in Philippine history from the pre-hispanic period to the EDSA 1 Revolution, in the light of the development of the Filipino nation, society and culture. The main outline follows the political periodization in the study of Philippine history, introduced and/or punctuated by references to Philippine contemporary society and culture. ECO 201 Fundamentals of Economics Prerequisite None Course Credit 3 units (3 hours of lecture per week) The course will introduce to the students the main definition, principles, levels, forms, and foundation of modern Economics, which will be the backbone for a rigid Economics course or educational pathing on a degree or certificate level. The course will also include various applications of Development Economics particularly in Community Development on both rural and urban settings, and how Economics require the active participation of various sectors of society (social groups and individuals, government and LGU’s, civic organizations, business and corporate entities among a wide range of important stakeholders). It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean Economy. GEN SCI 101 General Psychology Prerequisite None Course Credit 3 units This course serves as a synopsis of the different approaches of Psychology. The aim of the course is to create a solid theoretical framework about the different approaches of Psychology and their application to contemporary issues such as social psychology, stereotyping and personality will be given special emphasis. Furthermore, it aims to apply the different approaches of psychology to everyday life. HUMA 210 Cultural Anthropology Prerequisite None Course Credit 3 units The course is a comprehensive study of the theories and concepts involved in the discipline of cultural anthropology with specific regard to the fields of economics, kinship, religion, politics, art, med icine, and culture change as elements of a cultural tradition. HIST 210 World History Prerequisite None Course Credit 3 units This course takes a thematic/ linear approach to the study of world history, covering the principal forces, events, personalities and ideas that shaped civilization from antiquity until post-World War II. It also aims to develop among the students their analytical skills, and consciousness of the global events and their responsibility as citizens of the world. Through the study of the different ways of life and development of thoughts of the different periods of history, it is further hoped that the students will develop a deeper sensitivity and respect to social, cultural and religious differences. HIST 301 Life and Works of Rizal Prerequisite None Course Credit 3 units The course covers the life, major works and key ideas of Jose Rizal. By tracing Rizal’s intellectual and ideological development, the course dissects the historical process that led to the emergence of Filipino nationalism in the late 19th century. Through a close reading of Rizal’s biography and body of written works, the students will encounter the historical Rizal; not the heroic Rizal of countless public celebrations. This provides an opportunity for students to explore the intersections of History and Biography. NSTP 101 NSTP 1 with Application in: Civil Participation and Community Development Prerequisite None Course Credit 3 units As a requirement for graduation, students are required to complete two semesters of the National Service Training Program (NSTP) in any of the three components: Civic Welfare Training Service (CWTS), Literacy Training Service (LTS) and Reserve Officers’ Training Corps (ROTC). For the purpose of this class, we will be serving under the CWTS program. The program and activities in CWTS should contribute to the general welfare and the betterment of life for the members of the community or the enhancement of its facilities, especially those devoted to improving health, education, environment, entrepreneurship, safety, recreation, and morals of the citizenry. NSTP 202 National Service Training Program Prerequisite None Course Credit 3 units As a requirement for graduation, students are required to complete two semesters of the National Service Training Program (NSTP) in any of the three components: Civic Welfare Training Service (CWTS), Literacy Training Service (LTS) and Reserve Officers’ Training Corps (ROTC). For the purpose of this class, we will be serving under the CWTS program. The program and activities in CWTS should contribute to the general welfare and the betterment of life for the members of the community or the enhancement of its facilities, especially those devoted to improving health, education, environment, entrepreneurship, safety, recreation, and morals of the citizenry. PE 101 Physical Fitness 1 Prerequisite None Course Credit 2 units The course provides students with information regarding physical fitness and different kinds of exercises. PE 110 Physical Fitness 2 Prerequisite None Course Credit PE 201 Physical Fitness 3 Prerequisite None Course Credit PE 210 Physical Fitness 4 Prerequisite None Course Credit Global Economics Core
ENTREP 102 SU Microeconomics Prerequisite None Course Credit 3 units Study the behavior of how the individual modern household and firms make decisions to allocate limited resources. Typically, it applies to markets where goods or services are being bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services. ECO 400 SU Macroeconomics Prerequisite None Course Credit 3 units While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income). Governments to assist in the development and evaluation of economic policy use macroeconomic models and their forecasts.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean Economy.ECO 330 SU Econometrics Prerequisite None Course Credit 3 units The course will introduce to the students the main definition, principles and foundation of modern Econometrics. It will also cover the basics of various levels and forms of Economics and Statistics, which will be the backbone for a rigid Econometrics course or educational pathing on a degree or certificate level. The course will also include various applications of Development Economics particularly in Community Development on both rural and urban settings. ECO 450 SU Mathematical Economics Prerequisite None Course Credit 3 units Broad applications include (1) Optimization problems as to goal equilibrium, whether of a household, business firm, or policy maker static (or equilibrium) analysis in which the economic unit (such as a household) or economic system (such as a market or the economy) is modeled as not changing (2) comparative statics as to a change from one equilibrium to another induced by a change in one or more factors (3) dynamic analysis, tracing changes in an economic system over time, for example from economic growth. (Chiang, Samuelson)
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean economy.ECO 410 SU Development Economics and Rural Development Prerequisite None Course Credit The course will introduce the main definition, principles and foundation of modern Economic Development – inspired by Professor Micahel Todaro’s three decades of doing economic development teachings in Africa, Asia and Latin America. It will also cover the basics of various levels and forms of Economic Development, a rigid Economics course or educational pathing on a degree or certificate level. It will also touch on how Economic Development requires the active participation of various sectors of society (social groups and individuals, government and LGUs, civic organizations, business and corporate entities among a wide range of important stakeholders). It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean Economy. ECO 460 SU Public Economics with Applications in Political Economics Prerequisite None Course Credit 3 units This subject encompasses a host of topics including market failures, externalities, and the creation and implementation of government policy. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare.
Broad methods and topics include (1) the theory and application of public finance (2) analysis and design of public policy (3) distributional effects of taxation and government expenditures (4) analysis of market failure and government failure. Emphasis is on analytical and scientific methods and normative-ethical analysis, as distinguished from ideology. Examples of topics covered are tax incidence, optimal taxation, and the theory of public goods.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean economy.ECO 420 International Economics Prerequisite None Course Credit 3 units International economics is concerned with the effects upon economic activity of international differences in productive resources and consumer preferences and the international institutions that affect them.
Globalization is the underlying foundation of International Economics. The term globalization has acquired a variety of meanings, but in economic terms it refers to the move that is taking place in the direction of complete mobility of capital and labor and their products, so that the world's economies are on the way to becoming totally integrated. The driving forces of the process are reductions in politically imposed barriers and in the costs of transport and communication (although, even if those barriers and costs were eliminated, the process would be limited by inter-country differences in social capital). (Bergsten, Streeten)
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean EconomyECO 430 SU Economic Research Prerequisite None Course Credit 3 units Economic Research further comprises detailed work undertaken on a systematic basis in order to increase the stock of knowledge not only in Economics but economic related applications. It is also used to establish or confirm economic facts, reaffirm the results of previous work, solve new or existing economic problems, support theorems, or develop new economic theories. An Economic research project may also be an expansion on past work in the Economics. The primary purposes of Economic Research are documentation, discovery, interpretation, or the research and development (R&D) of new Economic methods and systems for the advancement of human knowledge.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean EconomyMGT 220 Principles of Management Prerequisite None Course Credit 3 units It introduces students to fundamental management principles like scientific management, general administrative management, bureaucratic approach, quantitative approach, behavioral approach and the contemporary approach to management.
The course will also introduce students to leadership theories like the great man theory, behavioral theory and the contingency theory. Emphasis will be given on the major management functions of planning, organizing, staffing, directing and controlling as they apply to general business processes and activities.
A substantial examination of key management topics, including leadership, training, human resource development, motivation, delegation, problem solving, decision-making and conflict resolution is also incorporated into the discussion.ACC 201 Basic Accounting Prerequisite None Course Credit 3 units The course is a hybrid of 4 general accounting topics namely: (1) Introduction to Financial Accounting (2) Basic Cost Management and Analysis (3) Introduction to Cost Control and (4) Financial Analysis. As an introductory Accounting course, the subject covers the accounting cycle, basic accounting theories, concepts, processes, and terminologies as well as the financial accounting routines of a business entity. The use of computer accounting systems and exposure to a computerized environment are integrated into the course instruction. For Cost Management, the subject covers the different types of costs, its effect on the financial accounting of a company with an introduction to cost control. For Financial Analysis, the course will cover vertical (common size), horizontal (comparative) and ratio analysis. Internship 1 (Immersion Program) Prerequisite None Course Credit Saemaul Undong and International Development Cooperation Courses
ECO 440 SU Financial Economics with Saemaul Financial Planning Prerequisite None Course Credit 3 units The subject is concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment". (Merton) It therefore centers on decision-making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean economy.ECO 470 SU Human Resource Development and Saemaul Leadership Prerequisite None Course Credit 3 units Labor economics seeks to understand the functioning and dynamics of the markets for wage labor. Labor markets function through the interaction of workers and employers. Labor economics looks at the suppliers of labor services (workers), the demands of labor services (employers), and attempts to understand the resulting pattern of wages, employment, and income. In economics, labor is a measure of the work done by human beings. It is conventionally contrasted with such other factors of production as land and capital.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean economy.ECO 480 SU Industrial Economics Prerequisite None Course Credit 3 units There are different approaches to the subject. One approach is descriptive in providing an overview of industrial organization, such as measures of competition and the size-concentration of firms in an industry. A second approach uses microeconomic models to explain internal firm organization and market strategy, which includes internal research and development along with issues of internal reorganization and renewal.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary South Korean economy.ECO 490 Urban and Regional Economics with Saemaul Applications Prerequisite None Course Credit 3 units Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance.
Much urban economic analysis relies on a particular model of urban spatial structure, the monocentric city model pioneered in the 1960s by William Alonso, Richard Muth, and Edwin Mills. While most other forms of neoclassical economics do not account for spatial relationships between individuals and organizations, urban economics focuses on these spatial relationships to understand the economic motivations underlying the formation, functioning, and development of cities.
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean Economy.ECO 520 International Development Cooperation Prerequisite None Course Credit 3 units This course is to understand the change of international society, and to study the definition, theories and practice of international development cooperation. Particular this course will exam their actors, partners and current issues of international development.
This course also includes, through various cases study of international development cooperation, students present practical techniques and policies to strengthen international development cooperation and then suggest directions what the Philippines to head in international society.MGT 481 Strategic and Project Management Prerequisite None Course Credit 3 units This course is an integrative course for senior and graduating HA and BA students. It deals with formulation of action plans – strategies – to address organizational challenges, close performance gaps and fulfill the enterprise’ objectives. Case studies are used to further elaborate and explain theories & concepts discussed. MGT 410 Methods of Research 2 Prerequisite None Course Credit 5 units This course provides students with the basic framework of thesis writing with various frameworks introduced to the students ranging from Descriptive Researches, Feasibility Studies, to Management Projects – where students can actually apply these in their own chosen industries. MGT 511 Corporate Social Responsibility with Saemaul Undong Prerequisite None Course Credit 5 units The course introduces students to business ethics, with an emphasis on corporate social responsibility. Businesses have multiple constitutencies – which include its customers, employees, stockholders, suppliers, distributors, the government and the broader community in which it operates. As a good corporate citizen, a business should be aware of its responsibilities and commitments to these constitutencies. SMU 101 Saemaul Undong: Philosophy and Concepts Prerequisite None Course Credit 3 units The course will introduce to the students the main definition, principles and foundation of Saemaul Undong. It will also cover the basics of various philosophical levels and success stories of SU which will be the backbone for a rigid Development Economics course. The course will also include various applications of Saemaul Undong including Poverty Reduction, Community Building, Government Roles, etc. Eventually, the course aims to introduce Saemaul Undong to students for them to replicate the Korean experience to their respective provinces or chosen places. SMU 110 Saemaul Undong: Skills and Techniques Prerequisite None Course Credit 3 units The is the 2nd course that introduced to the students the main definition, principles and foundation of Saemaul Undong. It will now cover the actual examples and success stories of SU which will be the backbone for a rigid Development Economics course. The course will also include various applications of Saemaul Undong including Poverty Reduction, Community Building, Government Roles, etc. Eventually, the course aims to introduce Saemaul Undong to students for them to replicate the Korean experience to their respective provinces or chosen places. SMU 120 Saemaul Undong: Applications and Studies Prerequisite None Course Credit 3 units This is to do research on practices of SAEMAUL DEVELOPMENT (UNDONG or SMU) and develop practical skills to be used in the community, based on SAEMAUL DEVELOPMENT (SMU) theories and methods. Students are to be empowered as SAEMAUL leaders by applying SAEMAUL DDEVLOPMENT skills into the community and studying various roles of experts in practice. In addition, SAEMAUL DEVELOPMENT practice model is developed suitable to different countries and communities based on theoretical studies and development SAEMAUL DEVELOPMENT skills and techniques in field level also. The course let the students to experience field works in various ways, by understanding of basic principles of SMU and foundation SAEMAUL DEVELOPMENT and its application. It will also cover the basics of various philosophical levels and success cases of SMU which will be the backbone for a community development course. The course will also include various applications of SAEMAUL DEVELOPMENT including Poverty Reduction, Community Building, Government Roles, etc. Eventually, the course aims to introduce SAEMAUL DEVELOPMENT to students for them to replicate the Korean experience to their respective provinces or chosen places. HIST 220 Korean History and Culture Prerequisite None Course Credit Korea, called Hanguk in South Korea and Chosŏn in North Korea, is an East Asian territory that is divided into two distinct sovereign states, North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by China to the northwest and Russia to the northeast.
The first 200 years of Joseon were marked by relative peace and saw the creation of the Korean Hangul alphabet by King Sejong the Great in the 14th century and the increasing influence of Confucianism. During the later part of the dynasty, however, Korea's isolationist policy earned it the Western nickname of the "Hermit kingdom". By the late 19th century, the country became the object of the colonial designs by Japan. In 1910, Korea was annexed by Japan and remained a colony until the end of World War II in August 1945. In 1945, the Soviet Union and the United States agreed on the surrender of Japanese forces in Korea in the aftermath of World War II, leaving Korea partitioned along the 38th parallel, with the north under Soviet occupation and the south under U.S. occupation. These circumstances soon became the basis for the division of Korea by the two superpowers, exacerbated by their inability to agree on the terms of Korean independence. The two Cold War rivals then established governments centered around their own respective ideologies, leading to Korea's division into two political entities: North Korea and South Korea. (Wiki Definition)
It will also tackle certain theories and principles of Community Development (Saemaul Undong) and Contemporary Korean Economy.LANG - Enderun Offered Language Courses Prerequisite None Course Credit 5 units