The Bachelor of Science in Management Economics (BSME), an undergraduate program of the Institute of Management, provides knowledge and training in business management anchored on conceptual foundations developed in the field of economics. The program is envisioned to respond to the growing needs of the North Luzon Region for managerial skill and expertise with solid grounding in economics.
Students of the program learn the skills for effective business practices adapted to a prevailing context, but responsive to change and conducive to innovation. In addition to learning about the fundamental business management areas of operations, marketing, finance, and human resources, the program covers macro- and micro-economic tools of analysis for management and decision making. Equipped with these tools and with the knowledge on how to wield them with flexibility, the student is prepared to analyze business operations and the economic situation of an organization, an industry, and the country.
The program responds to the demand for business practitioners with a more holistic perspective of decision making and business operations, preparing careers in professional management, corporate planning, technical analysis, and industry analysis. It shall also hone the student’s research skills, not often given importance in undergraduate programs in management and business-related courses. The advantage of the program is the combination of theory and application from business and economics courses as well as research training. The inclusion of a thesis requirement and several courses developing research skills will not only prepare the student to perform research functions in the context of business enterprises but also to pursue graduate studies in business management or economics.
The Program offers a unique balanced mix of business management education and economics. This dual orientation is the strength of the program as global and local events have shown that organizational survival does not only depend on sound internal business management but also on how one can cope with external economic forces. To identify the fundamental trends and changes taking place in the national and international economies and understand how these influence the performance of the specific business, government or non-profit organization, the graduate will be well-poised to reposition and optimize limited resources of his/her organization so that it becomes adaptable to changes in the business and economic environment, thus, creating opportunities for growth. Thus, the advantage of the program is the combination of application (business management) and theory (economics) or praxis that gives graduates flexible career options.
To be retained in the BS Management Economics program, a student must maintain a cumulative grade of 2.50 or better in business administration and economics courses taken at the end of the sophomore year. Thereafter, the student has to maintain a cumulative average of 2.50 in economics, business administration, and management economics courses every semester until his/her second semester of third year standing. A student who fails to meet this retention grade will be put on probation. This probation can be lifted by earning a cumulative average of 2.50 or better at the end of the semester when the student was placed on probation. Failure to meet this requirement disqualifies the student from the program.