SS12

MAPÚA INSTITUTE OF TECHNOLOGY School of Languages, Humanities and Social Sciences

Mapúa • • •

VISION shall be an international center of excellence in technology education by: Providing instructions that are current in content and state-of-the art in delivery; Engaging in cutting-edge research; and Responding to the big local and global technological challenges of the times

MISSION a) The mission of Mapúa Institute of Technology is to disseminate, generate, preserve and apply scientific, engineering, architectural and IT knowledge. b) The Institute shall, using the most effective means, provide its students with professional and advanced scientific and engineering, architectural and information technology education through rigorous and upto-date academic programs with ample opportunities for the exercise of creativity and the experience of discovery. c) It shall implement curricula that, while being steeped in technologies, shall also be rich in the humanities, languages and social sciences that will inculcate ethics. d) The Institute shall advance and preserve knowledge by undertaking research and reporting on the results of such inquiries. e) The Institute, singly or in collaboration with others, shall bring to bear the world's vast store of knowledge in science, engineering and other realms on the problems of the industry and the community in order to make the Philippines and the world a better place. MISSION

PROGRAM EDUCATIONAL OBJECTIVES a

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1. To Provide students with solid foundation in mathematics, basic sciences, physics and general chemistry and their application to engineering, architecture and other related disciplines. 2. To compliment the technical training of the students with proficiency in oral and written communications. 3. To instill in the students human values and cultural refinement through the humanities and social sciences.

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4. To inculcate high ethical standards in the students through its integration in the learning activities.

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COURSE SYLLABUS 1. Course Code

: SS12

2. Course Title

: General Economics with Taxation and Entrepreneurship

3. Pre-requisite

: none

4. Co-requisite

: none

5. Credit / Class Schedule : 3 units 6. Course Description

Course Title:

General Economics with Taxation and Entrepreneurship

: The course presents the study of Economics as an essential aspect of life covering basic economic problems, economic systems, prices of goods and services and economic growth. Integrated in this course are the principles of taxation and fundamentals of entrepreneurship.

Date Effective:

Date Revised:

SY2008-2009

Sept. 19, 2008

Prepared by:

Social Science Cluster

Approved by:

Dean Amalia S. Baltazar

Page 1 of 5

7. Program Outcomes and Relationship to Program Educational Objectives Program Educational Objectives 1 2 3 4

Program Outcomes An ability to apply knowledge of mathematics, science, and engineering An ability to design and conduct experiments, as well as to (b) analyze and interpret data An ability to design a system, component, or process to meet (c) desired needs (a)

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(d) An ability to function on multi-disciplinary teams (e)

An ability to identify, formulate, and solve engineering problems √

(f) An understanding of professional and ethical responsibility √

(g) An ability to communicate effectively The broad education necessary to understand the impact of (h) engineering solutions in a global and societal context A recognition of the need for, and an ability to engage in life(i) long learning

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(j) A knowledge of contemporary issues (k)

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An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice.

8. Course Objectives and Relationship to Program Outcomes: Course Objectives The students should be able to: 1. Discuss the definitions of Economics and its 2.

3. 4. 5. 6.

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Program Outcomes c d e f g h i

significance to our lives. Analyze how market prices are affected by the interaction between supply and demand of goods and services. Recognize the value of entrepreneurship. Differentiate the various forms of business firms. Realize the importance of Taxation in the existence of sovereign state. Discuss the basics of taxation.

Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

SY2008-2009

Sept. 19, 2008

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Prepared by:

Social Science Cluster

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Approved by:

Dean Amalia S. Baltazar

Page 2 of 5

9. Course Coverage : Week Topic 1 Course Orientation

Methodology

Definitions of Economics Significance of Economics The Scope & Methodologies of Economics

Lecture and Discussion

Basic Economic Problems Economic Systems Circular Flow of Economy

Market Equilibrium Changes in Equilibrium

Analysis of prevailing Economic situations

Government Affecting Prices Decentralized Decision-making The Concept of Elasticity Household Behavior and Consumer Choice: Tastes & Preferences, utility, & budget constraints Income & Substitution Effect Government Policies

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Assignment

Graphical illustrations of the Law of Supply and Demand Graded Recitation

The Law of Supply & Demand

3

Graded Recitation

Analysis of Newspaper Readings

Economic Resources & Markets Opportunity Cost & Efficiency

2

Lecture and Discussion

Assessment

FGD

Graded Recitation Seatwork

Graphical illustrations of elasticity & Consumer behavior

The Production Process Lecture & Short-run vs. Long-run Production Discussion Production with Two Variable Inputs: Isocost & Isoquant Graphical Profit Analysis illustrations and Profit Maximization problem-solving on Market Structures & Competition production Unemployment & Inflation Economic Growth

Assignment QUIZ 1 Graded Recitation Assignment

Seatwork Use of comparative chart Case study of Assignment business QUIZ 2 Proposals/ feasibility studies FGD MIDTERM EXAMINATION

Definitions of Entrepreneurship Principles of Entrepreneurship Major Forms of Business Organizations Business Management Social Responsibility of Management

Definition of Tax and Taxation Importance of Taxation Essential Characteristics of Tax Nature of the Power of Taxation

Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

SY2008-2009

Sept. 19, 2008

Lecture and Discussion

Prepared by:

Social Science Cluster

Graded Recitation

Approved by:

Dean Amalia S. Baltazar

Page 3 of 5

Week

Topic

Methodology FGD

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Income, Income Tax Gross Income, and Taxable Income Personal and Additional Exemptions

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Basic Principles of a Sound Tax System

QUIZ 3

Computation of Individual Income Tax

Computation of Individual Income Tax

Assessment

Exercises on the computations of Income Tax Graded Recitation

Lecture and Discussion 9

Fling of Returns and Payment of Tax

FGD

Graded Recitation QUIZ 4

10

Assignment

Lecture & Discussion

ORAL PROFICIENCY TEST

Graded Recitation 11

F I N A L

E X A M I N A T I O N

10. Course Outcomes and Relationship to Course Objectives/ Program Outcomes Course Outcomes

Course Objectives

A student completing this course should at the minimum be able to:

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Program Outcomes

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Explain the nature and importance of √ Economics.
Describe the circular flow of economic








activity. Identify the basic elements of demand and supply. Discuss the importance of consumer behavior. Explain the significance of production as a major component of the field of economics. Define market and differentiate the kinds of market structures. Express the meaning and importance of taxation. Prepare a computation of the individual income tax. Describe and differentiate the various forms of business firms.

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11. Contribution of Course to Meeting the Professional Component: Engineering topics – 10% General education component -90 % Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

SY2008-2009

Sept. 19, 2008

Prepared by:

Social Science Cluster

Approved by:

Dean Amalia S. Baltazar

Page 4 of 5

k

12. Textbook:

Eleanor Doyle. The Economic System. John Wiley & Sons Pte., Ltd. West Sussex, England, 2005.

13. Course Evaluation: The minimum requirement for a passing grade is 60% (120 pts) of the final grade average from the following: Quizzes Written Tasks Class Participation/Seatwork Oral Proficiency Co-curricular Activity Midterm Examination Departmental Final Examination TOTAL

40 % (80 pts) 15 % (30 pts) 10 % (20 pts) 5% (10 pts) 5 % (10 pts) 10 % (20 pts) 15% (30 pts) 100 % (200 pts)

Aside from academic deficiency, other grounds for a failing grade are: Cheating during examinations Absences of more than 20 % of the total number of meetings in a quartermaster or seven (7) absences Failure to take the final examination with no valid excuse. 14. References: Case Karl E. et. al. Principles of Economics, 7th Edition. Pearson Prentice Hall: New Jersey, U.S.A., 2004. Feliciano Fajardo. Principles of Economics. Rex Bookstore, Inc., rep.2006.

Gabay, Bon Kristoffer et. al.. Economics: Its Concepts & Principles (with Agrarian Reform & Taxation). Rex Bookstore, 2007. Pagoso. Introductory Economics, Revised Edition, Rex Bookstore, Inc. Roberto Medina. Principles of Economics. Quezon City: Rex Bookstore, 2003. Feliciano Fajardo. Principles of Entrepreneurship. Rex Bookstore, Inc., rep. 2005. D.A. Duncano. Philippine Taxation Handbook. National Bookstore, 2006. Japar Dimaampo. Basic Approach to Taxation. Rex Bookstore, Inc., 2005. 15. Course Materials Made Available: Course goals and instructional objectives Course schedule for lectures and exams End of course self-assessment report 16. Committee Members: Prof. Filomena J. Berenguela– Social Science Cluster Chair Prof. Benigno B. Agapito, Jr. Dr. Nestor M. Asuncion Dr. Melba M. Bergado Prof. Danilo R. Gotera Dr. Bienvenido B. Nepomuceno Prof. Gil Astrophel B. Orcena Dr. Victoria C. Perez Prof. Josephine E. Tuliao

Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

SY2008-2009

Sept. 19, 2008

Prepared by:

Social Science Cluster

Approved by:

Dean Amalia S. Baltazar

Page 5 of 5