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Colegio de San Juan de Letran Intramuros, Manila College of Business Administration and Accountancy ECONOMICS AREA School Year

2006 2007 I. II. III. IV. V. Course Number Course Title Credit Pre-requisite Course Description : : : : : ECON 201 Basic Micro-Economics with Taxation and Land Reform 3 units None

This course provides a comprehensive coverage of all major topics in economics. Attention is given to establish students understanding of key economic principles with particular emphasis on the Philippine Economic system, its growth and development. The course covers the foundation of economics, demand and supply analysis, the concept of elasticity, the theory of production and the fundamental concept of micro and macroeconomics with the use of simple graphical and mathematical illustrations. Likewise, the course involves topics on taxation and agrarian reform with discussion on issues and problems related to its implementation. VI. Course Rationale :

Students are provided with clear exposition and analysis of the principles of economics, focusing on the core theories and applications of t he subject. Thus, attention is given to establish students understanding of key economic principles, and then illustrate each of these principles with relevant applications.


Course Objectives A.

: :

General Objectives

At the end of the course, the students are expected to know the fundamental principles of economics, and their application to everyday life. B. Specific Objectives i. ii. Cognitive Describe economic concepts, principles and terms. Distinguish the different economic behavior of consumers and procedures. Affective Explain the importance of elasticity of demand and supply in making decisions Identify relevant economic problems and issues. :

iii. Psychomotor Operate different equation in economics Graph different basic economic equations.

VIII. Course Outline Specific Objectives Describe the foundation of economics. Subject Matter Nature and scope of Economics - Definition - Economic Structure - Branches - Economic Activities - Economic Systems - Circular flow - Production possibilities curve Demand for good and services -- Function Schedule Curves Determinants Supply for goods and services -- Function Schedule Curves Determinants Values Integrated Efficient resource allocation Appreciation Strategies / Teaching Methodologies Lectures/Discussion Question & answer Situational analysis Instructional Materials Reference books Textbooks Books/Visual Aids Evaluation Quiz Recitation Homework Time Frame 1st week to 2nd week Expected Outcome Described foundations of economics and identified branches its economics.

Analyze the concepts of demand.

Patience Compromise Accuracy and carefulness

Lectures Discussion Graphical illustration Mathematical Computations Lectures Discussion Graphical illustration Mathematical Computations

Reference books Graphical Graphical Illustrations Problem Solving Exercises Reference books/ Textbooks

Quiz and recitation Set work Board work

3rd week

Analyzed the concepts of demand

Analyze the concepts of supply

Patience Compromise Accuracy and carefulness

Board work, seatwork, quiz and recitation

4th week

Analyzed the concepts of supply

Analyze the concepts of demand and supply

Demand and Supply Analysis Function Schedule Curves Determinants Price elasticity of demand Price elasticity of supply Cross elasticity of demand Income elasticity of demand Definition Types Formula and computation

Patience Compromise Accuracy and carefulness

Lectures Discussion Graphical illustration Mathematical Computations

Reference books/ Textbooks

Board work, 5th and 6th seatwork, quiz week and recitation

Analyzed the concepts of demand and supply

Interpret the results of elasticity.

Reference books/ textbooks Attentiveness, carefulness, and accuracy Lectures Problem Solving Board works Discussion

7th, 8th, and 9th week Quiz, board work, graphical representation

Interpreted results of elasticity.

Community Service Integration Utilize resources wisely and economically for sustainable future. Apply the knowledge acquired by the students to adopted community. MIDTERM

Determined stages of production.

EXAMINATION Determine the stages of production The Theory of Production Definition of terms Formula and computation Graphical Illustration Law of Diminishing Returns Stages of Production Accuracy Patience Values of fairness and integrity

Lectures Graphical Illustration

Reference books/ textbooks OHP

Quiz, board work, recitation 10h to 11h week Explained how businesses make profits and incur losses.

Sense of appreciation

Graphical Illustrations

Reference books/ textbook

Long Quiz 12h to 13th week Related the behavior of production and cost

Explain how businesses make profits and incur losses.

Related the behavior of production and cost

Theory of Cost and Profit Definition of Terms Formula and Computation Graphical Illustration Wise use of resources Production Cost Relationships

Board Work Books/ OHP Recitation, board work, quiz 14th week

Lecture and group dynamic Perseverance Importance of GNP to economic performance Explain how businesses Reference books OHP Exercises Recitation Quiz / Recitation

Utilize resources wisely and economically for sustainable future

make profit or incur losses.

Market structures and price output determination

Honesty Sense of Appreciation Honesty

Lectures Reporting and discussion Reference books Lecture/ Discussion Computation Recitation Recitation Books Handouts Newspapers Recitation Discussion

15th to 16th week

Enumerated the concepts of taxation.

Enumerate the concepts of taxation. Taxation Principles of Taxation Burden of Taxation Land Reform Definition Concepts Problems Prospects and issues CARP Basic Provisions Self Reliance

17th week

Related the development of agrarian reform program.

State the measurement of economic performance. Explain approaches and components of GNP accounting.

18th week

Community Service Integration

Relate the problems of agrarian reform to the lives of the residents of the community.

FINAL EXAMINATION IX. Grading System Midterm Grade: Class Standing Quizzes Mid-term

30% 30% 40% _________ 100% Final Grade = (Midterm Grade + Pre-Final Grade) /2

Pre-Final Grade: Class Standing Quizzes Final Exam

30% 30% 40% ________ 100%

X. REFERENCES: Villegas, Bernardo M. and Victor A. Arboleda, Basic Economics, Pasig City: CRCFI, 2004 Pagoso, Cristobal M., Manuel, Dela Cruz M.Principles of Economics. Rizal: Nelson Publication, 2000 Frank, Robert H. Principles of Economics. Boston: Irwin McGraw-Hill, 2001. Mankiw, Gregory N. Principles of Economics. Forth Worth: Dryden Press, c1998. Miranda, Gregorio S. Introductory Economics. Manila: L & G Business House, 2001. O Sullivan, Arthur. Economics: Principles and Tools. New Jersey: Prentice Hall, 1998. Samuelson, Paul A., Nordhaus, William D. Economics. Boston: Irwin, c1998. Slavin, Stephen L. Economics. Chicago: Irwin, 1996. Mc Aleece, Dermot. Economics for Business. Great Britain: Prentice Hall, 2001 Rosas, Ma. Victoria et al, Basic Economics IMC Press 2004