Economics deals with the laws and principles which govern the functioning of an economy and its various

parts. An economy exists because of two basic facts. Firstly, human wants for goods and services are unlimited and secondly, productive resources with which to produce goods and services are scarce. Therefore, an economy has to decide how to use its scarce resources to obtain the maximum possible satisfaction of the members of the society. It is this basic problem of scarcity which gives rise to many of the economic problems. There has been a lot of controversy among economist about the true content of economic theory or its subjects matter. The subject matter and scope of economics has been variously defined. Each definition is incomplete inadequate and because of various conflicting definition, some confusion has been created about the nature and scope of economics. The subject matter of economics has been divided into two parts: microeconomics and macroeconomics. In Microeconomics we study the economic behavour of an individual, firm or industry in the national economy.It is thus a study of a particular unit rather than all the units combined.We mainly study the following in microeconomics: 1) Product pricing 2) Consumer behavior 3) Factor pricing 4) Economic conditions of a section of the people 5) Study of a firm and 6) Location of a industry. In macro economics, we study the economic behavior of the large aggregates such as the overall conditions of the economy such as total production, total consumption, total saving and total investment in it.It includes: 1) National income and output 2) General price level 3) Balance of trade and payments 4) External value of money 5) Saving and investment and 6) Employment and economic growth. The problem of scarcity and choice making can be depicted using the tool of production possibilities curve. The basic economic problems of what, how and for whom to produce can be solved in many ways by an economy. If it gives the whole charge of the economy, to private ownership we get capitalist economy, to public ownership we get socialist economy and jointly to private and public ownership we get mixed economy.

Branches of Economics Economics has two branches: microeconomics and macroeconomics. Microeconomics is the branch of economics that deals with the personal decisions of consumers and entrepreneurs. Its primary concern is to help consumers and investors make their lives better by increasing their earnings and satisfying their needs despite limited resources. Also included in its study are the consumers' decisions on what products to buy and how the cost of commodities is determined. Macroeconomics deals with the larger aspects of a nation's economy, such as the sectors of agriculture, industry, and service. It aims to (a) speed up the economy's growth rate and increase total production; (b) increase the rate of employment; (c) keep the prices of commodities stable so that they remain affordable; and (d) have sufficient reserves for foreign exchange for importing goods and paying off loans. Economists help in solving problems like unfair wages, rapid population growth, people migration to city centers, high crime incidence, and loss of human resources due to overseas migration.

SPECIALIZATION OF ECONOMICS:

Would you like to choose Economics as the core of your studies, then the major "Economics" is just right for you. Throughout the specialization phase (123 ETCS) you will deal exclusively with economics. You have to complete the following modules:

the module "Empirical Research in Economics" (6 ECTS) as part of the tray deepening of core competencies three of the four majors, "Applied Economics", "Companies and Markets", "Economics of the public sector" and "International Economics, Financial Markets and Macroeconomics" ( 12 ECTS) the specialization module "Economic Theory and Methods" (30 ECTS) the module "Special topics in economics" (12 ECTS) 18 ECTS from a Business or Economics Module or a supplementary module writing a thesis (including completion of a graduate seminar, 21 ECTS) within the framework of one of the completed (economics) modules The degree Business and Economics (WIWI) with major Economics provides a proper basis to seek a career in national and international institutions of Economic Policy Research, performing functions in public administration, interest groups and companies, or to follow up with an ambitious doctoral program (PhD) in Economics in Austria or abroad.

Curriculum has numerous definitions, which can be slightly confusing. In its broadest sense, the word is used to refer to all courses offered at a school. This is particularly true of schools at the university level, where the diversity of classes might be an attractive point to a potential student. A curriculum may also refer to a defined and prescribed course of studies, which students must fulfill in order to pass a certain level of education. For example, an elementary school might discuss how its curriculum, or its entire sum of lessons and teachings, is designed to improve national testing scores or help students learn the basics. An individual teacher might also refer to his or her individual course of classes, referring to all the subjects that will be taught during a school year. Skill An ability and capacity acquired through deliberate, systematic, and sustained effort to smoothly and adaptively carryout complex activities or job functions involving ideas (cognitive skills), things (technical skills), and/or people (interpersonal skills). See also competence.

Competency is the quality of being adequately or well qualified physically and intellectually.

MOTHER TONGUE
The 12 languages as mediums of instruction are: Tagalog, Kapampangan, Pangasinense, Iloko, Bikol, Cebuano, Hiligaynon, Waray, Tausug, Maguindanaoan, Maranao, and Chabacano.

Philippine Literature TTH/11:30-1:00PM

Educational Technology TTH/2:30-4:00PM

Ecology MW/7:00-8:30

Principles of Teaching 2 Campus Journalism TTH/4:00-5:30PM Plane & Solid Geometry TTH/5:30-7:00PM MW/11:30-1:00PM

Economics w/ LRT MW/5:30-7:00PM