GENERAL EDUCATION DEPARTMENT

TABLE OF SPECIFICATION
(Midterm Examination)
SS4: Introduction to Economics with LRT
LESSON

1
Introduction

2
Economic
System

3
Elements of
Demand and
Supply
4
Concept of
Elasticity

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OBJECTIVES
Define the meaning of
economics and the
distinguish negative and
positive analysis.
Distinguish
macroeconomics from
microeconomic
Know the concept of
scarcity, choice and
opportunity cost.
Know the basic economic
problems and the factors
of production
Know the concept of
demand and supply and
their determinants.
Know how to determine
the equilibrium quantity
and price or the market
situation
Know different types of
elasticity and its
determinants and
classification of goods.
Know how to compute for

Knowledg
e

Compre

Applicati
on

NO. OF
HOURS

NO. OF
ITEMS

6
(1-6)

6
(7-12)

4.5

8
(13-20)

4.5

Evaluatio
n

Analysis

8
(21-28)

GENERAL EDUCATION DEPARTMENT

5
Consumer
Behaviour

6
Concept of
Production

7
Cost Analysis.
Profit and Total
Revenue

demand and supply

elasticity's.
Know the concept of
utility and indifference
curves.
Know the major
assumptions underlying
theories of consumer
behaviour.
Know the concept of
marginal returns and
isoquant.
Understand analysis of
short run and long run
production.
Know how to compute
total, fixed, variable,
marginal and average
costs.
Know the concept of
profit and total revenue
TOTAL

Prepared by:

________________________________
CARLOS C. RABAGO, JR
Instructor

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6
(29-34)

6
(35-40)

10
(41-50)

13

13

16

27

50