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Bachelor of Science in Business Economics

Institute of Accounts, Business, and Finance

The Bachelor of Science in Business Economics (BSBE) is a four-year degree program under the Institute of Accounts, Business and Finance of Far Eastern University and will be offered in the heart of the business district of Makati City, and in the capital city of the Philippines – Manila. The BS in Business Economics curriculum and course offerings are designed to highlight the practical importance of knowledge of Economics in understanding today’s local, national, and global issues.

The proposed straight program has a total of 167 units inclusive of WRP and NSTP. The Electives are composed of eight (8) Economics and SDG courses. The program will require Economics Research and Economic Practicum.

The BS in Business Economics program will train students analytical and problem-solving skills through the use of mathematical models, economic concepts, and statistical tools to understand complex markets and businesses, market dynamics; and adopt a scientific approach in making business and management decisions. Specifically, the students are expected to be trained common skills such as critically analyzing complex data sets, constructing and presenting arguments, approaching issues from multiple perspectives, presenting complex information to audiences unfamiliar with subject, strong numeracy and statistics skills, research skills, critical evaluation, problem-solving, data-drivenness, professional communication, producing written technical and non-technical documents, self- and time-management, including planning and meeting deadlines, and good awareness of current affairs.

The Bachelor of Science in Business Economics program is designed to equip graduates with the analytical skills and economic knowledge necessary to thrive in a globalized business environment. The program integrates economic theory with practical applications, preparing graduates to solve complex business problems and make informed decisions.

The five key program objectives are:

1. Graduates will demonstrate a comprehensive understanding of economic principles, theories, and models to analyze market behavior, firm strategies, and consumer choices. They will be able to leverage economic frameworks to make informed business decisions across various organizational functions.

2. Graduates will develop strong quantitative skills, including statistical analysis and econometric modeling techniques. They will be proficient in interpreting and communicating economic data to solve real-world business problems and inform strategic decision-making.

3. Graduates will gain the ability to critically evaluate the impact of domestic and international economic policies on business operations. They will be able to assess the effectiveness of government interventions in markets and their implications for businesses, allowing them to adapt strategies accordingly.

4. Graduates will develop the skills to conduct independent economic research using appropriate methodologies and data sources. They will be able to employ empirical methods

to address real-world economic challenges relevant to business contexts and formulate well-reasoned solutions.

5. Graduates will demonstrate strong communication skills, both written and verbal, allowing them to effectively communicate economic analyses, recommendations, and research findings to diverse audiences within a business environment. They will be able to collaborate effectively with professionals across different disciplines.

Graduates of a Bachelor of Science in Business Economics degree program are expected to possess a range of knowledge, skills, and abilities that prepare them for various career paths in economics and related fields. Upon completion of the BSBE degree program, students shall have demonstrated:

PELO 1: Conceptual Proficiency

Students will attain a deep understanding of fundamental economic concepts, theories, and principles.

PELO 2: Critical Thinking and Decision-Making Skills

Critical thinking skills will be fostered to enable students to analyze complex economic issues and propose well-reasoned solutions.

PELO 3: Quantitative Aptitude in Economic Analysis

Students will acquire strong quantitative skills, including statistical analysis and economic modeling, to analyze and interpret economic data effectively.

PELO 4: Policy Development and Evaluation Skills

Students will be trained to evaluate economic policies and assess their potential impact on various stakeholders, both domestically and internationally.

PELO 5: Research Competence in Economics

Students will develop the ability to conduct economic research, gather relevant data, and employ empirical methods to address economic questions.

Below showcases the wealth of opportunities awaiting graduates equipped with a comprehensive understanding of business economics, guiding them through a diverse array of professional trajectories.

  1. Economist

Economists analyze economic data, conduct research, and provide insights on economic trends and policies. They work in various settings, including government agencies, research organizations, and businesses.

  1. Financial Analyst

Financial analysts assess investment opportunities, evaluate financial data, and provide recommendations on investment strategies. They typically work in the financial sector, including banks, investment firms, and insurance companies.

  1. Data Analyst/Data Scientist

Graduates with strong quantitative skills can pursue careers as data analysts or data scientists, working with large datasets to derive meaningful insights. Many industries, including finance, healthcare, and tech, require these skills.

  1. Policy Analyst

Policy analysts examine government policies and regulations, assessing their impact on the economy and society. They often work for government agencies, think tanks, or advocacy groups.

  1. Market Research Analyst

Market research analysts collect and analyze data on consumer preferences, market trends, and competitors. They help businesses make informed decisions about product development, marketing, and expansion.

  1. Business Consultant

Business consultants advise organizations on various aspects of their operations, including financial management, strategy, and market positioning. An economics background is valuable for understanding market dynamics.

  1. Banking and Finance Careers

Graduates can pursue careers in banking, including roles as bank managers, loan officers, or financial advisors. These positions often involve financial analysis and risk assessment.

  1. Government Positions

Governments at various levels employ economists for roles such as policy advisors, budget analysts, and statisticians. Working in government allows economists to influence public policy and economic development.

  1. International Organizations

Graduates can work for international organizations like the United Nations, World Bank, or International Monetary Fund, where they may focus on global economic issues and development.

  1. Academia and Research

For those interested in teaching and research, pursuing graduate studies (Master’s or Ph.D.) in economics can lead to academic positions or research roles in universities, research institutions, and think tanks.

  1. Nonprofit and NGO Work

Many nonprofits and non-governmental organizations hire economists to analyze socioeconomic issues, design development programs, and measure their impact.

  1. Environmental and Resource Economics

Those with an interest in environmental issues can work on sustainability, resource management, and climate policy in roles related to environmental and resource economics.

  1. Healthcare Economics

Graduates can specialize in healthcare economics, analyzing the economics of healthcare systems, insurance, and healthcare policy.

  1. Entrepreneurship

Some economics graduates choose to start their own businesses, using their understanding of market dynamics and economic principles to guide their ventures.

The BS Business Economics program at FEU cultivates a comprehensive understanding of economic principles with a focus on their practical applications in the modern business world.

In the first year, students solidify their foundation in mathematics, communication, and critical thinking – essential skills for economic analysis. Introductory courses in accounting, finance, and economics provide a springboard for further exploration. General education courses broaden students’ knowledge base and equip them with well-rounded professional competencies.

The second year deepens students’ economic knowledge. Advanced courses delve into the intricacies of micro and macroeconomics, equipping them with a comprehensive understanding of market behaviour and economic forces. Rigorous coursework in advanced calculus and mathematical economics hones students’ quantitative skills, empowering them to tackle complex business problems. Students also gain proficiency in data management, visualization, and econometrics – powerful tools for data-driven decision making. This year introduces electives, allowing students to tailor their studies to specific areas of business interest.

By year three, students refine their practical skillset. Business communication and presentation courses enhance their ability to confidently communicate economic concepts and insights. They explore the integration of sustainability principles into business strategies, fostering a responsible and forward-thinking approach. Advanced analytics and econometrics courses further equip students to translate data into actionable strategies. Continued opportunities for specialization through electives allow them to focus on areas like business writing or negotiation.

The fourth year culminates in the application of students’ acquired knowledge and expertise. They conduct independent economic research, tackling real-world problems and showcasing their analytical abilities. Electives provide opportunities for deeper exploration in specific economic fields such as public sector economics, international economics, or financial economics. The program concludes with a 600-hour capstone economic practicum, providing invaluable hands-on experience applying economic principles to solve practical business challenges.

Teaching-Learning Approaches

We implement a range of teaching and learning strategies in the BSBE program. By assessing student needs and acknowledging industry demands, we design teaching and learning activities effectively.

Student-Centered Learning

Adhering to the University’s educational philosophy and learning paradigm, the BSBE program uses active and collaborative teaching-learning methods designed to empower students such as project-based activities, oral presentations, business simulation, and consulting activities.

Experiential Learning

The BSBE program provides hands-on opportunities for students to apply theory in real-world settings. Through internships, case studies, and collaborative projects, students develop practical economics skills under mentor guidance, preparing them for successful careers.

Didactic Approach

Students engage in structured learning experiences that blend theoretical knowledge with practical applications. Through classroom lectures, workshops, and seminars led by industry experts, students gain a solid understanding business economics principles. Students participate in case studies, simulations, and group discussions to analyze real-world scenarios and develop problem-solving skills. The program also includes Economic research course, where students delve into the methodologies and practices of conducting rigorous economic research.

Interdisciplinary Approach

BSBE program integrates insights and methodologies from diverse fields to enhance students’ understanding of economic principles within the context of business operations. Rather than studying economics in isolation, students explore how it intersects with other disciplines such as finance, accounting, marketing, psychology, sociology, and management.

Blended Learning

BSBE implements and employs a variety of learning management systems (LMSs) for delivering lectures, conducting simulations, and managing other tasks. In response to rapid technological advancements, the program has adjusted accordingly, promoting pervasive learning across online resources, traditional classrooms, and modules.

Utilizing LMSs like Canvas, Connect, MindTap, and MyLab, programmed instructions are seamlessly executed through modules containing prerequisite activities and assignments. These programmed instructions feature built-in algorithmic functions designed to assess the amount of reading or study required for students to accurately complete their assessments.

Research-Based Approach

Students in the BSBE program are encouraged to conduct research projects. The program also maintains updated information and content to remain relevant and abreast with current industry practices through case studies and other researches involving economics.

Integration of Digital ALICE

Project Digital ALICE (Adaptive Learning through Immersive and Collaborative Environment) provides FEU students with an exceptional learning experience through an innovative model that combines international-quality content, state-of-the-art delivery methods, and tailored instruction. By integrating both in-person and online classes, ALICE establishes a dynamic and immersive learning environment that addresses many educational gaps, including those caused by pandemic-related challenges.

 Assessments

Throughout the program, students and teachers freely negotiate their assessments and assessment-related tasks for each course, especially in their GE courses. As most of the department are field practitioners and industry experts, teachers are encouraged to use their experience to develop relevant formative and capstone summative assessments. These assessments include:

Formative assessments

Formative assessments allow teachers to identify learning gaps and possibly recalibrate the content and flow of instruction throughout the semester. Formative assessments include small projects, case analysis and presentations, simulations, group activities, peer or self-assessments, online and in-class exercises, assignments, and ungraded quizzes.

Formative assessments provide a feedback mechanism which allows teachers to reinforce student learning.

Summative assessments and capstone project

Regular departmental examinations are commonly conducted during the midterm while comprehensive examinations are administered during the final period. In select business economics professional courses, students are also required to submit final outputs in lieu of comprehensive examination.

BSBE students undertake research project as part of their capstone assessment towards the end of the program.

Internship

BSBE students are required to complete a 600-hour mandatory Internship in their final year of study. They are provided opportunities to embark on dynamic internships with various industry partners in the sectors of finance and banking, consulting, consumer goods, information, communications and technology, human capital management, logistics, manufacturing and supply chain, aviation, civic and public service, education, events and hospitality, healthcare and pharmaceuticals, insurance, and real estate.

Beyond the Philippines, students also have the option to take their internship abroad, with the help of the student apprenticeship program. The internship is designed to provide our students a head-start in their careers in economics.

Students must complete a total of 167 credit hours of course work, including 600 hours of economic practicum, and research to finish the program.


Downloadables

  • Viewbook for BS Business Economics

Contact Information

Rey G. Parcon
Department Chair for Business Economics and Human Capital Studies

+632 8777-7

FEU local 245/246/247


Institute of Accounts, Business, and Finance

Maria Carmen B. Lapuz
Dean

Joselito P. Tem, Ed.D.
Associate Dean

Gino Ray N. Garcia
Associate Dean

Earl Joseph M. Borgoña
Associate Dean (FEU Makati)


Office Location
Room 702 7th Floor, Accounts Business and Finance Building
Contact Numbers

TEL (02) 8849-4124; (02) 8849-4000 loc 245/246
FAX (02) 8849-4124

E-mail

iabf@feu.edu.ph

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