Principles of Economics With Tlr

Computer Comunication Development Institute Naga City 4th Floor Monzon Bldg. Cor. Arana & Elias Angeles St. Naga City Second Semester 2013-2014 I.

Course Code

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II.

Course Title

:

ECONOMICS W/ LAND REFORM & TAXATION

III.

Course Credit

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3 units

IV.

Course Description

:

This course provides a comprehensive coverage of all major topics in economics. Attention is given to establish student’s understanding of key economic principles with particular emphasis on the Phil. 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 illustration. Likewise, the course involves topics on taxation and agrarian reform with discussion on issues and problems related to its implementation.

V.

Course Rationale

:

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

VI.

Course Objectives

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A. General Objective

: At the end of the course, the students are expected to have appreciated the fundamental concepts of economics, and its application not only to a broader treatment, but also to personal exploits as well, performed task based on the fundamentals of economics and have related the basic economics concepts in view of the current economic problems.

B. Specific Objectives

:

At the end of the semester, the students should be able to:

1. Cognitive

:  

Demonstrate how a market is driven by individual decision; Explain how a business operates, and the different types of organizations.

2. Affective

: 

Utilizes appropriate economic concepts and principles in evaluating economic problems, issues and other related economic concerns Appreciate the importance of economics as an indispensable tool for their course.

 3. Psychomotor

:  

Operate different equation in economics Graph various equations

VII. Course Outline Specific Objectives

Subject Matter

Values Integrated

Teaching Method

Instructional Materials

Evaluation

Time Frame

Expected Output

Explain the do’s and don’ts in the classroom during the semester.

Orientation

Sociability Cooperation Compliance

Discussion

Whiteboard marker OHP Acetates

Observation

First Session

Internalize the classroom policies.

Discuss the foundation of economics.

Nature of Economics  Definition of Economics  Economic Structure  Branches of Economics  Economic Activities  Economics Systems  Circular flow of economic activities  Production possibilities curve

Efficient resource allocation Appreciation

Lectures/discus sion Question & answer

Reference books Textbooks Books / Visual Aids

Quiz and Recitation Homework

1st & 2nd weeks

Participate in the discussion of foundations of economics.

Analyze the concepts of demand and supply.

Demand and Supply Analysis

Patience Compromise Accuracy and carefulness

Lectures Discussion Graphical illustration Mathematical Computations

Reference books Graphical Illustrations Problem solving Exercises

Quiz and recitation

3rd &4th weeks

Identify the difference between demand and supply.

Attentiveness, carefulness, and accuracy

Lectures Problem Solving Board works

Reference books/ textbooks

Board work, seatwork, quiz and recitation

5th & 6th weeks

Compute the percentage response of buyers and sellers

Compute the equilibrium price and quantity. Analyze the changes in demand and supply Discuss the concepts of elasticity and its application and

   

Function Schedule Curves Determinants

The price elasticity of demand and supply 

Definition

Set work Board work

compute for the values.

 

Discussion

Types Formula and computation

to price changes.

Interpret the results of elasticity Explain how business attains profit or losses through economic viewpoint.

The Theory of Production

Graph the different outputs and determine the stages of production.



Link the behavior of production through its cost.

Production and Cost  Definition  Computation

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

Production – Cost Relationships

  

Definition of terms Formula and computation of products Law of Diminishing Returns Stages of Production

Lectures Graphical Illustration

Reference books/ textbooks OHP

Quiz, board work, graphical representation

7th & 8th weeks

Read and analyze graphical and mathematical representations of production curves.

Honesty Sense of appreciation

Lecture/ discussion

Reference books/ textbooks

Quiz, board work, recitation

9th week

Identify the types of market through graphical, and mathematical interpretations

Wise use of resources

Graphical Illustrations

Reference books/ textbook

Recitation

10th week

Awareness of students on the utilization of resources for economic development and growth

Accuracy Patience Values of fairness and integrity

Introduce the measurement of economic performance

Types of market structure

Board Work

OHP

Long Quiz

11th & 12th Acquire mastery weeks in the computation of different kinds of cost in relation to production.

Recitation, board work, quiz

13th week

Enthusiastic to compute the aggregate supply and demand and relate it to the real economic situation of the country.

MIDTERM EXAMINATION Explain the different approaches and components of GNP accounting

GNP and its Concepts  Approaches  Components of GNP  Measurement of GNP

Importance of linkage

Discussion/ Question & answer

Promote genuine human development at the center of socio-economic change and depression.



Unemployment and inflation Definition Types Causes and effect

Productivity and economic equity

Lectures Computation Problem Solving

Reference books OHP

Quiz & Recitation Board work

14th week

Determination of socio-economic solutions to unemployment problems and curbing inflation.

Introduce the concepts of taxation



Fiscal Policy and Taxation Tools of Fiscal policy Issues

Perseverance Importance of GNP to economic performance

Lecture and group dynamic

Reference books OHP Exercises

Quiz & Recitation

15th Week

Recognize the importance of taxation in the operation of government and the economy.

Discuss the general information about Philippine monetary system.

Monetary Policies  Define money and its characteristics  Concepts  Government Programs

Honesty Sense of Appreciation

Lectures Reporting and discussion

Reference books Exercises

Recitation

16th week

Submit a reaction paper about the Philippine monetary system.

Community Service

Agrarian Reform

Honesty Integrity

Lectures Discussion

Reference books

Quiz / Recitation

17th week

Internalize the significance of

  

 

Importance of linkage

Integration To enable the students to analyze the problems, prospects of agrarian reform as a tool for economic development for the adopted community.

     

Definition Concepts Problems Prospects and issues CARP Basic Provisions

Values of fairness Independence Self Reliance

Lecture/ Discussion Computation Recitation

Books Handouts Newspapers

Recitation Discussion

18th week

FINAL EXAMINATION IX.

References: Main References: Other References:

agrarian reform program as the backbone of economic recovery.

Villegas, Bernardo M. and Victor A. Abola, Basic Economics, UAAP, c2004 Pagoso, Cristobal M., Manuel, Dela Cruz M.Principles of Economics. Rizal: Nelson Publication, 2004 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

Approved y: MS. AILEEN A.BELO (AAC) Academic Affairs Coordinator

Noted by: IRWIN S. NACIANCENO School Administrator