Key Outcomes
The first session of ECONM 7211 (Trade and Development) for SY 2026–2027 was held online, covering institutional orientation, course overview, and an introductory lecture on international trade theory. Seven students attended, a mix of new enrollees and refresher students returning after reaching maximum residency. The session concluded with a live simulation game applying Absolute Advantage, Comparative Advantage, and the Heckscher-Ohlin (H-O) theory. 12
Announcements
- Course ECONM 7211 : Trade and Development merges two previously separate subjects: International Trade and Economic Development. 3
- First two weeks are online; face-to-face sessions begin Week 3. 4
- ISO-certified and PQA Level 3 awardee institution; mock audit scheduled, with ISO visit on August 24–26. 56
- No plastic policy is enforced on campus. 7
- University tagline: "Build Dreams Without Limits." 8
- Students must register on the UV (university e-learning platform) to access course materials. 910
Course Structure & Grading
- Midterm exam: October 3 | Final exam: December 5 | Grade submission: December 18. 11
- Grading weights: 45% exam, 45% output (literature review + short research paper), 10% exercises/assignments. 1213
- Midterm focus: International trade theories and trade policy. 1415
- Finals focus: Trade-development relationship. 15
- A guest lecture on trade policy will be delivered by Lina Asmara Wati from Wageningen University, Indonesia. 16
- Students are required to complete course and faculty evaluations before viewing grades. 17
Decisions Made
- Refresher students (previously hit maximum 7-year residency) must attend and complete the course; prior grades from the old curriculum cannot be directly validated. 181920
- Individual literature review presentations will be assigned alphabetically per topic. 2122
- A short research paper is required; journal submission (not publication) is the requirement under the new 2022 curriculum. 15
- ORCID IDs required from all students; instructor to follow up with those who don't have one yet. 23
Trade Theory – Lecture Summary
- Mercantilism: Export-maximizing, import-restricting; benefits only the producing country. 2425
- Absolute Advantage (Adam Smith): A country produces more of a good with the same resources than another country. 2526
- Comparative Advantage (David Ricardo): Specialization based on lower opportunity cost, enabling win-win trade for both partners. 2627
- H-O Theory: Countries export goods that intensively use their abundant factor (labor or capital); applied in the Trade Ruler simulation. 272829
- Current trade issues highlighted: US tariffs (12.9% on Philippine exports), Trump trade policy, chip wars, global supply chain disruption, Strait of Hormuz energy crisis. 230
- Philippines' top exports: electrical/machinery components (63.3%), primarily to Hong Kong, US, and China. 31
Simulation Activity – Trade Ruler Game
- Students played as island rulers with different labor/capital endowments, producing cellphones (capital-intensive) and jeans (labor-intensive). 2932
- Key finding demonstrated: trading based on comparative advantage increases citizen welfare; no trade results in stagnant welfare. 3334
- Game requires Ruffle (alternative Flash player) since Adobe Flash is discontinued. 35
Action Items
- All students: Complete the Trade Ruler game exercise — choose an island, select a trade partner, play 3 years, screenshot results, analyze production/trade decisions, and submit next session. 3637
- All students without ORCID: Register for an ORCID ID. 23
- All students not yet on UV: Register at the university e-learning platform to access materials. 10
- Instructor (Jen): Upload syllabus, slide deck, and Trade Ruler exercise instructions to UV. 614
Pending Confirmation
- Final AI usage policy (draft: 15% AI-generated content threshold) still being finalized at the university level. 38
- Specific arrangement for refresher students (use of prior grades) to be confirmed once full class roster is settled. 2039
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