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GRADE LEVEL/STRAND
Detailed Teaching Syllabus

1stSemester , Course Code/Number Course Title: Day/Time: Hours per week: Prerequisite
Academic Year: T-TH
2019-2020 ABM_AE12 Applied Economics (T) 8:00-10:00 4.5 None
(TH) 8:00-8:30
Institutional Outcome:
1. Develop professionally competent, technically skilled, globally competitive and morally upright graduates committed to professional and service excellence;
2. Hire and train highly qualified, skilled, motivated and globally competent faculty and personnel to advance the aims of the school.
3. Promote leadership capabilities, high sense of awareness of community needs, and meaningful engagement in public and civic affairs among alumni, faculty
and students;
4. Promote research among the faculty, staff and students;
5. Establish linkages with different sectors of society for the effective and efficient utilization of professional competencies and technical know-how of the students,
graduates and faculty.

PROGRAM OUTCOMES: (CMO # 30, s. 2013).

The BS in Tourism and Hospitality Management students are expected to equip graduates with the following:
1. An ability to perform all the required competencies, skills and qualities.
2. Resources: identifies goals-relevant activities, ranks them, allocate resources.
3. Interpersonal: work with others.
4. Information: acquires and evaluates information.
5. Systems: understands complex interrelationships.
6. Technology: works with a variety of technologies.

COURSE OUTCOME:
At the end of the semester the BS in Tourism and Hospitality Management students are expected to:
1. Solve business word problems involving whole numbers, integers, fractions and decimals.
2. Solve business word problems on percentages, ratio and proportion.
3. Solve business word problems on commercial discount, simple interest and simple discount.
4. Solve word problems on wages, commission and taxes.

GENERAL COURSE DESCRIPTION: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the
Filipino entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential business opportunities. The
main output of the course is the preparation of a socioeconomic impact study of a business venture.

COURSE CALENDAR
UNITS/TOPICS/SUBJECT MATTER No. of Hours Jun Week Jul Aug Week Sep Week Oct Week
Week
Lec. Lab Total 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Chapter 1
Introduction to Applied Economics
1.1 Revisiting Economics as a social science 6 6 X X
1.2 Economics as an applied science
1.3 Basic economic problems and the Philippines
socioeconomic development in the 21st century

Chapter 2
Applied Economics:
6 6 X X
2.1 Application of Supply and Demand
a. Prices of basiccommodities
b. Labor supply, populationgrowth, and wages
c. Labor migration andthe Overseas Filipino Worker
(OFW)Phenomenon and Decimal
3. Business Application/Solving Word Problems

d. The Philippine peso and foreign currencies

e. The Philippine housing shortage and the real
estate boom: Rent and Price structure 9 9 X X X

2.2 Contemporary Economic

Issues Facing the Filipino Entrepreneur
a. Investment and interestrate
b. Rentals
c. Minimum wage
d. Taxes
QUARTER II
Chapter 3.
Industry and Environmental Analysis:
Business Opportunities Identification 9 9 X X X

3.1 Principles, Tools, and

Techniques
a. competition
b. customers
c. suppliers
d. competitors
e. substitutes
3.2 Types of Industries
a. agribusiness
b. manufacturing
c. retail and services
d. international trade (exports and imports) 9 9 X X X

3.3 identification of Business Opportunities

Chapter 4.
Socioeconomic Impact Study
a. consumer (new products and services)
9 9 X X X
b. suppliers - investors(capital, income)

c. government(tax revenues, poverty alleviation , basic services)

d. households (standardof living, employment)

e. international trade (exports and imports of goods and services) 6 6

X X
 Total 54 54

INTENDED LEARNING
Week/Inclusiv TOPICS OUTCOME (ILO) TEACHING-LEARNING ASSESSMENT TIME REFERENCES/ REMARKS
e Date (Knowledge, ACTIVITIES TASK FRAME TEACHING
Understanding, DEVICES
Proficiency)
Chapter 1 .
Introduction to Applied
Economics  Discuss why The class will be divided into four R1
Week 1&2 1.4 Revisiting economics is an groups, each group will answer R2
Economics as a applied science the question: 2 Weeks R3
social science  Explain the basic IF YOU ARE THE ECONOMIC
1.5 Economics as an economic PLANNER, HOW CAN
applied science problems YOU RESOLVE
1.6 Basic economic  Understand how UNEMPLOYMENT?
problems and the applied economics • List down your option/s.
Philippines work Discuss
socioeconomic
development in
the 21st century

Chapter 2
Applied Economics:

2.1 Application of Supply

and Demand
Week 3&4
a. Prices of basic
commodities 2 Weeks
 b. Labor supply,
population growth, and
wages R1
R2
c. Labor migration and R3
the Overseas Filipino
Worker (OFW)
Phenomenon

d. The Philippine peso

and foreign currencies

e. The Philippine housing

shortage and the real
estate boom:
Week 5, 6 &
7 Rent and Price structure

R1
2.2 Contemporary 3 Weeks R2
Economic R3
Issues Facing the Filipino
Entrepreneur
a. Investment and
interest
rate
b. Rentals
c. Minimum wage
d. Taxes
QUARTER II
Chapter 3.
Industry and
Week 8, 9 & Environmental
10 Analysis: 3 Weeks R1
R2
 Business Opportunities R3
Identification

3.1 Principles, Tools, and

Techniques
a. competition
b. customers
c. suppliers
d. competitors
e. substitutes

3.2 Types of Industries

a. agribusiness
Week 11, 12 b. manufacturing R1
& 13 c. retail and services 3 Weeks R2
d. international trade R3
(exports
and imports)

3.3 identification of
Business
Opportunities
Chapter 4.
Socioeconomic Impact
Study
Week 14, 15 a. consumer (new
& 16 products and services) 3 Weeks R1
R2
b. suppliers - R3
investors(capital,
income)

c. government(tax
revenues, poverty
alleviation , basic
 services)

d. households (standard
of living, employment)

e. international trade
Week (exports and imports of R1
17&18 goods and services) 2 Weeks R2
R3

COURSE REFERENCES:

R1 McEachern, William A. , Burrow, James L. PhD 2017 Applied Economics: An Introduction

Quezon City: Abiva Publishing House, Inc.

R2
R3 Curriculum Guide

COURSE REQUIREMENTS: BASES OF GRADING:

A- Class Participation A- Class Participation 50%
 Attendance  Attendance-10%
 Exercises/Quizzes  Exercise/Quizzes-20%
 Oral recitation  Oral recitation/Assignment-20%
 Assignment B- Major Exam 50%
 B- Major Exams  Preliminary Examination
 Preliminary Examination  Midterm Examination
 Midterm Examination  Semi-Final Examination
 Semi-Final Examination  Final Examination
 Final Examination
C- Total 100%

PREPARED BY: REVIEWED BY: APPROVED BY:

MICHELLE ANN T. GARBIN JOSEFINA J. DOMINADO, LPT, Ed.D. ROMEO G. MANINGDING, JR

Signature over printed of faculty Signature Over Printed Name of Faculty Chief Operations Officer