University of Santo Tomas Faculty of Arts and Letters Department of Communication and Media Studies BACHELOR OF ARTS IN JOURNALISM

PROGRAM A Philippine Center of Development in Journalism

COURSE TITLE COURSE NUMBER CREDIT UNITS CONTACT HOURS COURSE PLACEMENT PRE-REQUISITES COURSE FACILITATOR CONSULTATION PLACE/TIME EMAIL COURSE DESCRIPTION Business and Economic Journalism JRN 215 Three (3) 8-11 AM, 1-4 PM St. Raymund de Peafort Building Felipe F. Salvosa II, M.A. Media Practice and Research Unit, Saturdays, 11AM-1PM fsalvosa@gmail.com twitter: @felipesalvosa facebook: facebook.com/salvosa plus.google.com/+FelipeSalvosaII JRN 215 addresses the need for basic knowledge and skills of those who want to work within a specialized field in journalismBusiness and Economic Reporting. Students will be trained to report on the impact of economic and business developments in a way that readers will understand and appreciate. At the end of the course, students will become familiar with basic concepts in business and economics, make sense of economic statistics and financial data, and analyze government policies. The course will also be useful to those who are not planning to have careers in business journalism, as it emphasizes the need to strengthen general-interest reporting with empirical evidence.

APPROVED BY PROF. MICHAEL ANTHONY C. VASCO, Ph.D. Dean DATE OF APPROVAL

Intended Learning Outcomes

Faculty of Arts & Letters Graduate Attributes 1. Body of knowledge, research and creative skills. Acquire adequate knowledge in the Humanities, Social Sciences and Communication, and apply it in various academic researches and creative endeavors. Department of Communication & Media Studies Intended Learning Outcomes (DILO) Body of Knowledge, Research and Creative Skills 1.1 To acquire foundational theories and concepts in the study and practice of communication and journalism. 1.2 To develop sound methods, frameworks and newer knowledge in communication research and journalism studies. 1.3 To produce highly creative and quality communication and media outputs. AB in Journalism Program Intended Learning Outcomes (PILO) Body of Knowledge, Research and Creative Skills 1.1 To acquire theories and concepts in the study and practice of journalism, using a multidisciplinary approach. 1.2 To develop sound methods, frameworks, and new knowledge in journalism studies. 1.3 To produce top-quality journalistic outputs. Course Intended Learning Outcomes (CILO) 1. Learn the history of business journalism in the Philippines. 2. Understand basic concepts in economics and business. 3. Obtain and process relevant economic and social statistics. 4. Apply newswriting skills to business and economic topics. 5. Maintain a balanced view of economic and business developments.

2. Critical Skills and Effective Problem Solving. To progressively engage in theories and facts, in the light of reason, towards solving theoretical and practical problems.

Critical Skills and Effective Problem Solving 2.1. To examine actual case scenarios in communication and journalism practice in order to provide solutions to problems and issues confronting media education and practice.

Critical Skills and Effective Problem Solving 2.1. To improve journalism practice while confronting legitimate problems besetting journalists and the industry (economic, ethical, organizational, and professional, among others). 2.2 To acquire media literacy and educate the public on the workings of the news media.

6. Develop a habit of checking and rechecking statistics and other figures to ensure the accuracy of news stories. 7. Adopt a critical stance on government economic policies and pronouncements and guard against interest groups.

Intended Learning Outcomes

Faculty of Arts & Letters Graduate Attributes 3. Leadership Skills to Work Alone and in Teams. To exhibit a work ethic anchored on honesty, responsibility and accountability among students, and hone their leadership skills to both lead and work in cooperation with others. 4. Communicate Effectively. To articulate ideas and express positions as steeped on the Thomasian value of truth, guided by faith and reason. Department of Communication & Media Studies Intended Learning Outcomes (DILO) Leadership Skills to Work Alone and in Teams. 3.1 To demonstrate a professional work ethic and civic-mindedness in undertaking projects and advocacies related to communication and journalism. AB in Journalism Program Intended Learning Outcomes (PILO) Leadership Skills to Work Alone and in Teams. 3.1. To equip students with the right skills to lead news media teams capable of producing quality work. Course Intended Learning Outcomes (CILO) 8. Work alone and in teams to report in class and produce business and economic stories.

5. Social Awareness and Global Perspective. To demonstrate awareness and understanding of relevant social issues and respond to the needs of the global community through concrete social action.

Communicate Effectively 4.1 To articulate ideas in oral and written discourse and express positions in truth guided by faith and reason. 4.2 To excel in producing insightful and scholarly research across traditional and electronic platforms. Social Awareness and Global Perspective 5.1 To make students aware of contemporary media-related problems and issues that affect society in general. 5.2 To become proficient users of the different media platforms, traditional and emergent, disseminating information responsibly and ethically to national and global audiences.

Communicate Effectively 4.1 To convey information, ideas, meanings, and contexts using journalistic tools and methods. 4.2 To excel in producing insightful and scholarly journalistic research across traditional and electronic platforms. Social Awareness and Global Perspective 5.1 To make students aware of prevailing news media-related problems and issues that affect news audiences. 5.2 To provide audiences with truthful and meaningful information that they can use to form enlightened opinions and make informed decisions. 5.3 Advocate a free and responsible press.

9. Report on economic and financial information in a manner that is understandable to the ordinary reader, avoiding jargon.

10. Take into account the interests of the general public, wage earners, consumers, taxpayers, and ordinary shareholders in writing about economic and business issues.

Intended Learning Outcomes

Faculty of Arts & Letters Graduate Attributes 6. Ethical Action and Moral Character. To exhibit highest standards of integrity in both personal behavior and professional decorum. Department of Communication & Media Studies Intended Learning Outcomes (DILO) Ethical Action and Moral Character 6.1 To exhibit the highest ethical standards in generating and disseminating media outputs. 6.2 To exhibit professionalism and integrity in the practice of the communication and the journalism profession. AB in Journalism Program Intended Learning Outcomes (PILO) Ethical Action and Moral Character 6.1 To exhibit the highest ethical standards in the practice of journalism, guided by Christian values and Catholic teachings on social communication. 6.2 To exhibit professionalism and integrity in the practice of journalism starting at the university level. Course Intended Learning Outcomes (CILO) 11. Learn journalism ethics as applied to business and economic reporting.

Intended Learning Outcomes and Teacher-Learner Activities

Intended Learning Outcomes Learn the history of business journalism in the Philippines. [CILO 1] Learn journalism ethics as applied to business and economic reporting. [CILO 11] Understand basic concepts in economics and business. [CILO 2] Maintain a balanced view of economic and business developments. [CILO 5] Take into account the interests of the general public, wage earners, consumers, taxpayers, and ordinary shareholders in writing about economic and business issues. [CILO 10] Obtain and process relevant economic and social statistics. [CILO 3] Apply newswriting skills to business and economic topics. [CILO 4] Develop a habit of checking and rechecking statistics and other figures to ensure the accuracy of news stories. [CILO 6] Report on economic and financial information in a manner that is understandable to the ordinary reader, avoiding jargon. [CILO 9] Apply newswriting skills to business and economic topics. [CILO 4] Develop a habit of checking and rechecking statistics and other figures to ensure the accuracy of news stories. [CILO 6] Report on economic and financial information in a manner that is understandable to the ordinary reader, avoiding jargon. [CILO 9] Content Teaching- Learning Activities Assessment Tasks

The development of business journalism in the Philippines.

Lecture

Quiz

An Introduction to the Economy. Some important concepts and principles in economics. Poverty and inequality. Sustainable development and inclusive growth.

Lectures, film showing

Quiz, writing exercises

Measuring economic output. Performance of the economy. Major economic indicators GDP, GNI, per capita income, inflation, unemployment, balance of payments, etc. The business cycle.

Lectures, Internet research

Quiz, writing exercises

Doing Business. Corporations and the Securities and Exchange Commission. Reading and analyzing financial statements. Financial ratios.

Lectures, Internet research

Quiz, writing exercises

Intended Learning Outcomes and Teacher-Learner Activities

Intended Learning Outcomes Apply newswriting skills to business and economic topics. [CILO 4] Develop a habit of checking and rechecking statistics and other figures to ensure the accuracy of news stories. [CILO 6] Work alone and in teams to report in class and produce business and economic stories. [CILO 8] Report on economic and financial information in a manner that is understandable to the ordinary reader, avoiding jargon. [CILO 9] Obtain and process relevant economic and social statistics. [CILO 3] Apply newswriting skills to business and economic topics. [CILO 4] Develop a habit of checking and rechecking statistics and other figures to ensure the accuracy of news stories. [CILO 6] Report on economic and financial information in a manner that is understandable to the ordinary reader, avoiding jargon. [CILO 9] Obtain and process relevant economic and social statistics. [CILO 3] Apply newswriting skills to business and economic topics. [CILO 4] Adopt a critical stance on government economic policies and pronouncements and guard against interest groups. [CILO 7] Content Teaching- Learning Activities Assessment Tasks

The Stock Market. Listed firms. How companies raise capital. IPOs.

Lectures, Internet research, film showing

Quiz, writing exercises

Central Banking. The Bangko Sentral ng Pilipinas: History and mandate. Monetary policy and the economy. Banking regulation.

Lectures, film showing

Quiz, writing exercises, reaction paper

The Governments Economic Role. Fiscal policy. Government spending. Monitoring the countrys finances: revenues and the deficit. Government-owned or -controlled corporations. Privatization. PPPs.

Lectures

Quiz, writing exercises, reaction paper

SELECTED REFERENCES AND SOURCES OF READINGS:

Schiffrin, Anya and Bisat, Amer. (eds.) 2004. Covering Globalization: A Handbook for Reporters. New York: Columbia University Press The Economist. 2003. The Economist Guide to Economic Indicators: Making Sense of Economics . New York: John Wiley and Sons Martin, Paul. 2002. The Wall Street Journal Guide to Business Style and Usage. New York: Simon & Schuster Inc. Epstein, Gene. 2006. Econospinning: How to Read Between the Lines When the Media Manipulate the Numbers. Hoboken, NJ: Wiley Behravesh, N. 2009. Spin-Free Economics: A No-Nonsense, Non-Partisan Guide to Todays Global Economic Debates. New York: McGraw-Hill Chittum, et. al. (eds.) 2013. The Best Business Reporting 2013. New York: Columbia Journalism Review Books Chittum, et. al. (eds.) 2012. The Best Business Reporting 2012. New York: Columbia Journalism Review Books Gray, Jonathan, et. al. The Data Journalism Handbook. (Datajournalism.org) European Journalism Centre/Open Knowledge Foundation **Other readings to be given in the course of the semester.
GRADING SYSTEM:

Preliminary Period Exercises, assignments: 20% Quizzes: 20% Preliminary Exam: 60% Total: 100%

Final Period Exercises, assignments: 20% Quizzes: 20% Final Requirement: 60% Total: 100%

Final Grade: (Preliminary Period Grade + Final Period Grade) / 2

COURSE POLICIES:

1. Regular attendance is expected. In case of failure to attend the session due to unavoidable circumstances, you are responsible for making up for any work missed. The facilitator will announce changes in schedules beforehand. 2. Report to class on time and stay during the entire session. 3. Active participation is expected in every session. 4. Activities must be accomplished in the classroom. Computer printouts must be submitted for work done outside, unless instructed otherwise. 5. Observe strictly the schedule for submission of all requirements. 6. Feel free to consult the professor. 7. Observe proper classroom decorum. 8. Intellectual and academic honesty is expected of everyone. Acknowledge all sources of information. Avoid plagiarism. 9. Other policies may be decided and negotiated by students.

OFFICIAL FORMAT FOR PAPERS

None. No folders or envelopes. Always put your name and section. Write headlines for all journalistic works.

TENTATIVE COURSE CALENDAR: Week 1 1 Content Outline Introductions. Syllabus presentation. Preliminaries and discussion of classroom policies. The development of business journalism in the Philippines. Reading: Salvosa, F. II 2013. Post-War Economic Development and the Birth of Business Journalism in the Philippines. An Introduction to the Economy. Some important concepts and principles in economics. Poverty and inequality. Sustainable development and inclusive growth. Activity: Film showing Readings: Behravesh, pp. 103-112 Acemoglu, D. and Robinson, J. 2012. Theories That Dont Work. in Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Books Measuring economic output. Performance of the economy. Major economic indicators GDP, GNI, per capita income, inflation, unemployment, balance of payments, etc. The business cycle. Readings: Roubini, N. and Mihm, S. 2010. The White Swan. in Crisis Economics: How Not to Forecast a Crisis. New York: Penguin Books Doing Business. Corporations and the Securities and Exchange Commission. Reading and analyzing financial statements. Financial ratios. Reading: Goodell, J. 2012. The Dark Lord of Coal Country. in The Best Business Writing 2012. New York: Columbia Journalism Review Books Preliminary Examination The Stock Market. Listed firms. How companies raise capital. IPOs. Activity: Film showing Central Banking. The Bangko Sentral ng Pilipinas: History and mandate. Monetary policy and the economy. Banking regulation. Activity: Film showing Reading: Epstein: pp. 150-162 The Governments Economic Role. Fiscal policy. Government spending. Monitoring the countrys finances: revenues and the deficit. Government-owned or -controlled corporations. Privatization. PPPs. Reading: Behravesh, pp. 177-188. Salvosa, F. 2013. Sovereign Credit Ratings. Economic Issue of the Day. Makati: Philippine Institute for Development Studies Submission of Final Requirement

2, 3

4, 5

6, 7

8 9, 10 11, 12

13, 14

15