COLLEGE OF BUSINESS AND MANAGEMENT - GRADUATE SCHOOL OF BUSINESS

Master in Business Administration

Master in Business Administration – Top Executive Program
Master in Business Administration
Subject
MBA 632-1 Subject Management Economics
Code
Faculty Leandro S. Estadilla, PhD Days S M T W TH F S Time
University Vision-Mission GSM Vision-Mission

Vision Vision

Guided by the values of academic excellence, integrity, Leading formulation center for the development of
and social responsibility PLM endeavors to be one of
professionals and leaders in business and public
the leading universities in the ASEAN.
service
Mission
Mission
The PLM Board of Regents, Management, Faculty and
Staff are committed: Nurture professionalism, leadership, and community
relations through excellent management education,
1. To be recognized by the Philippines and
training, research, and extension service.
ASEAN Academic Accrediting Agencies as a premier
university for its quality education, research, and Administrators
extension services.

2. To ensure that PLM maintains a higher than the

national average performance on all professional PROF. BERNARD LETRERO - Dean
licensure examinations taken by its graduates;
3. To provide students with high quality education
that will give them a competitive advantage for Staff
employment opportunities; Ma. Cristina B. Laysico
4. To encourage and support research initiatives Susan A. Nicandro
that will contribute to the advancement of human Basil M. Santiago
knowledge especially in pioneer areas not given
attention by other institutions;
 (02)-86432526
5. To establish a University culture that will inculcate
the highest level of academic excellence, integrity,
and social responsibility among its students, faculty,
and staff.

REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 1 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
 This course provides an introduction to basic
managerial economics as it integrates economic
theory with management science and other
disciplines (accounting, finance, marketing, and
management). It also provides a significant impact
on both Economics and Business Management
students since the course applies the theories of
economics and management to business decision-
making in both the private and private sectors of the
economy.
At the end of the term, the students must be able to:
Course 1. Discuss the concepts Managerial Economics, in relation to other disciplines, the
Description methodology applied in the study of the course, and its public and private
application in view of world liberalization.
2. Apply these basic theories to actual situations by solving problems and
constructing graphs that will be relevant to business decisions;
3. Analyze Managerial Economics by using the microeconomics and
macroeconomics concepts, theories, and issues;
4. Evaluate these economic concepts, theories, and issues by analyzing cases and
issues relevant to decision-making.
At the end of the term, the students must be able to:
5. Discuss the concepts Managerial Economics, other disciplines, the methodology
Course applied in the study of the course, and its public and private application in view
of world liberalization.
Objectives
6. Apply these basic theories to actual situations by solving problems and
constructing graphs that will be relevant to business decisions;
7. Analyze Managerial Economics by using microeconomics and macroeconomics
concepts, theories, and issues;
8. Evaluate these economic concepts, theories, and issues by analyzing cases and
issues relevant to decision-making.
Course Outline and Timeframe
Meetings
A. Orientation on class policies, grading system, outputs, and the expectations of both
1 the students and the lecturer
B. Introduction to Managerial Economics
A. Ten Principles of Economics / Managerial Economics
2 B. Thinking Like an Economist Caysip & Marquez
C. Interdependence and the Gains from Trade
3 The Market Forces of Supply and Demand Santos
4 Elasticity and Its Application Tamayo
A. The Theory of Individual Behavior
5
B. The Costs of Production Tuason & Villacorta
6 A. Consumers, Producers, and the Efficiency of Markets Escasinas
7
B. The Costs of Taxation Capin
International Trade
8
A. Perfect Competition
B. Monopoly
Flores
A. Monopolistic Competition
9
B. Oligopoly Models Andrada & Bercadez
10 Measuring a Nation’s Income Librodo & Pinlac
11 Unemployment Alac
REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 2 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
 12 Money Growth and Inflation Mista & Obar
13 RESEARCH PRESENTATION

Required Mankiw, G. (2021). Principles of Economics. 9th Edition. Cengage

Reading Samuelson, F., Marks, S. (2012). Managerial Economics. 7th Edition. Wiley

• Outputs: oral presentation, assignments, submission of written reports, case

Suggested analysis, and research works.
Readings and • Evaluation: insights, questions and answers, final examination
References • Final Output: Research study in publishable format

• Class Participation, Questions and Answers, Insights 20%

• Assignments 25%
• Topic presentations and submission of outputs 25%
• Final Examination or research output 30%

98 - 100 1.00 1.0 to 1.25 – Excellent

95 – 97 1.25 1.50 to 1.75 – Very Good
92 – 94 1.50 2.00 to 2.25 – Good
89 – 91 1.75 2.50 to 2.75 – Passed
86 – 88 2.00 3.00 – No Credit
83 – 85 2.25 5.00 – Failed
80 – 82 2.50 (5.00) – Dropped Unofficially
77 – 79 2.75 (DU)
Course 75 – 76 3.00 Inc. – Incomplete
Requirements Below 75 5.00 DO – Dropped Officially

In addition, credit is given to a grade not lower than 2.00 in the masteral program, 1.75
in the doctoral program in any course taken, within a given trimester.

Furthermore, in case a student obtains a grade of 2.25 or lower, he/she will be advised
to repeat the course, if it’s a major one, and if a minor as advised by the Director, take a
substitute course to satisfy the 3-unit requirement.

On the other hand, a grade of “Inc.” is given to a student whose class standing
throughout the trimester is PASSING, but fails to take the final examination or fails to
complete other requirements for the course, due to illness or other valid reasons. The
deficiency indicated by the grade of “Inc.” must be removed within a period of one (1)
year, otherwise; the student will have to repeat the course.

• Absences beyond 20% of the lecture hours for the trimester or term is tantamount
to being dropped unofficially;
• Presenter who will be absent during his turn shall get zero from the reporting;
Grading System • No special exam for unexcused absences;
• Students can be given consideration to offset deficiencies in grades due to any one
(1) absence with valid reason, except official travel/assignment in the work place, by
undertaking to submit a research output pertaining to the topics during the missed
meeting within the deadline set by the lecturer;

REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 3 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
 • Laptops/mobile phones on-line with facebook and other non-educational related
sites are prohibited during the class;
• Mobile phones must be turned off or on silent mode while classes are going on.
The students may schedule consultations with the professor at least a day before desired
Classroom
consultation to confirm meeting. Scheduling may be done at the GSM Office or by phone
Policies
call, text message or email.

The students may schedule consultations with the professor at least a day before desired
Consultation
consultation to confirm meeting. Scheduling may be done at the GSM Office or by phone
Hours
call, text message or email.

Learning Plan
Learning Topic
Outcome
Orientation
- Syllabus and
Learning Outcome
- Grading System • Laptop/Personal
- Guidelines for Computer
• Follow the class - Lecture • White Board none
Doing the
rules;
Presentation • WB Marker
I. Introduction to • Paper and Pen
Managerial
Economics

II. Fundamentals of • Oral • Laptop/Personal • Quizzes

• Explain the Managerial Presentation Computer • Ratings on
Fundamentals Economics
• Question and • White Board presentation,
of Economics (a) Ten Principles of • WB Marker written report
Answer
Economics
• Discussion • Textbooks and • Ratings on
(b) Thinking Like an class
Economist • Case internet
Presentation participation
(c) Interdependence • Paper and Pen through Q &
and Gains from A and
Trade Insights

• Illustrate the III. Market Forces • Laptop/Personal • Quizzes

market forces, (a) Demand and • Oral Computer • Ratings on
i.e., demand Supply Presentation • WB Marker presentation,
and supply (b) Market • Question and • Textbooks and written report
• Determine Equilibrium Answer internet • Ratings on
equilibrium and (c) Price Restriction • Discussion • Paper and Pen class
price • Case participation
restrictions Presentation through Q &
A and
Insights
• Illustrate IV. Quantitative • Oral • Laptop/Personal • Quizzes
quantitatively Demand Analysis Presentation Computer • Ratings on
the demand (a) The Concept of • Question and • White Board presentation,
analysis; the Elasticity Answer written report
REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 4 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
 elasticity of (b) Price Elasticity • Discussion • WB Marker • Ratings on
price and (c) Income Elasticity • Case • Textbooks and class
income Presentation internet participation
• Explain the • Paper and Pen through Q &
concept of A and
elasticity Insights
• Explain the V. The Theory of • Laptop/Personal • Quizzes
theory of Individual Behavior • Oral Computer • Ratings on
individual (a) Consumer Presentation • White Board presentation,
behavior Behavior
• Question and • WB Marker written report
(b) Budget Answer • Textbooks and • Ratings on
Constraint
• Discussion internet class
(c) Substitution and • participation
Income Effect • Case Paper and Pen
through Q &
Presentation
(d) Indifference A and
Curve Analysis Insights

• Illustrate the VI.The Production • Laptop/Personal • Quizzes

functions of Process and Cost Computer • Ratings on
productions, (a) Production • White Board presentation,
cost and output Function •
• Oral WB Marker written report
functions (b) Short-run versus • Ratings on
Presentation • Textbooks and
• Differentiate the Long-run
• Question and internet class
factors Decisions
(c) Cost Function Answer • Paper and Pen participation
considered in through Q &
(d) Economies of • Discussion
the short-run A and
and the long- Scale • Case Insights
run decisions (e) Multiple-Output Presentation
• Explain the Cost Functions
concept of
economies of
scale
• Explain how VII. Consumers, • Laptop/Personal • Quizzes
consumers and Producers, and the Computer • Ratings on
producers react Efficiency of Markets • White Board presentation,
to changes in (a) Consumer • Oral • WB Marker written report
the price of Surplus Presentation
• Textbooks and • Ratings on
basic (b) Producers • Question and internet class
commodities Surplus Answer
• • Paper and Pen participation
Explain how (c) Market • Discussion through Q &
surpluses are Efficiency • Case A and
computed VII. Costs of Taxation Presentation Insights
• Compute for the (a) Deadweight
DWL and Loss of
identify its Taxation
determinants
• Describe the VIII. International • Oral • Laptop/Personal • Quizzes
nature of Trade Presentation Computer • Ratings on
international (a) Determinants of
• Question and • WB Marker presentation,
trade. Trade • Textbooks and written report
Answer
(b) Theories of
Trade • Discussion internet

REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 5 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
• Explain the (c) Winners and • Case • Paper and Pen • Ratings on
different trade Losers from Presentation class
theories. Trade participation
• Identify the (d) Arguments for through Q &
advantages and Restricting A and
disadvantages Trade Insights
of trade
• Elaborate the IX.Managing in • Laptop/Personal • Quizzes
concept of Competitive, Computer • Ratings on
managing Monopolistic and • White Board presentation,
competitive, Monopolistically • WB Marker written report
monopolistic Competitive Market • Ratings on
(a) Perfect
• Textbooks and
and internet class
monopolistically Competition
competitive 1. Conditions • Paper and Pen participation
through Q &
market 2. Short-run A and
• Define and Output • Oral
Presentation Insights
differentiate Decisions
each of the 3. Maximizing • Question and
perfect Profits/Minimi Answer
competition, zing Losses • Discussion
monopoly (b) Monopoly • Case
• 1. Sources of Presentation
Monopoly
Power
2. Economies
of Scope
3. Patents and
Other Legal
Barriers
4. Maximizing
Profits
1.
• Illustrate X. Monopolistic • Laptop/Personal • Quizzes
conditions Competition • Oral Computer • Ratings on
under perfect 1. Conditions Presentation • White Board presentation,
and 2. Maximizing •
• Question and WB Marker written report
monopolistic Profits • Ratings on
3. Long-run
Answer • Textbooks and
competition
Equilibrium • Discussion internet class
• Case • Paper and Pen participation
4. Implication of through Q &
Product Presentation
A and
Differentiation •
Insights
X.
• Describe the XI. Basic Oligopoly • Oral • Laptop/Personal • Quizzes
concepts under Model Presentation Computer • Ratings on
the oligopolistic (a) Conditions • Question and • White Board presentation,
model (b) Maximizing Answer • WB Marker written report
Profits in Four • Discussion • Ratings on
(4) Oligopoly
• Textbooks and
Settings
• Case internet class
(c) Collusion
Presentation • Paper and Pen participation
through Q &

REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 6 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics
 (d) Comparing A and
Oligopoly Models Insights

• Explain how the XII. Measuring the • Laptop/Personal • Quizzes

nation’s income nation’s income • Oral Computer • Ratings on
is computed (a) GDP Presentation • White Board presentation,
using different (b) GNP • Question and • WB Marker written report
approaches. (c) National Answer •
• Textbooks and Ratings on
Income • Discussion internet class
• Case • Paper and Pen participation
Presentation through Q &
A and
Insights
• Determine how XIII. Unemployment • Laptop/Personal • Quizzes
unemployment (a) Identifying • Oral Computer • Ratings on
is computed unemployment Presentation • White Board presentation,
and its effect to (b) Types of • Question and • WB Marker written report
the economy’s unemployment Answer •
• Textbooks and Ratings on
welfare (c) Theory of • Discussion internet class
efficiency
• Case • Paper and Pen participation
wages Presentation through Q &
A and
Insights
• Explain the XIV. Money Growth • Laptop/Personal • Quizzes
concepts of and Inflation • Oral Computer • Ratings on
inflation and (a) Classical theory Presentation • White Board presentation,
money. of inflation • Question and • WB Marker written report
• Determine the (b) Costs of Answer •
• Textbooks and Ratings on
different costs inflation • Discussion internet class
of inflation • Case • Paper and Pen participation
Presentation through Q &
A and
Insights

REVIEWED BY NUMBER
COURSE CODE/ EFFECTIVITY REVISION PREPARED BY APPROVED BY
(Program OF
TITLE DAT DATE (Faculty (Dean)
Director) PAGES
MBA 632-1 2nd Trimester 7 of 8
Management N/A Leandro S. Estadilla, PhD
2023-2024 pages
Economics