Syllabus in Basic Economics, Taxation, and Land Reform

Republic of the Philippines BOHOL ISLAND STATE UNIVERSITY Main Campus CPG North Avenue, Tagbilaran City Vision: A premier S&T university for the formation of a world class and virtuous human resource for sustainable development in Bohol and the country. Mission: Committed to provide quality and innovative education in strategic sectors for the development of Bohol and the world.

COLLEGE OF ENGINEERING, ARCHITECTURE & INDUSTRIAL DESIGN Second Semester- AY 2010-2011

Subject Code Nomenclature Units Credit Prerequisite Subject

: Soc Sci 1 : Basic Economics with Taxation and Agrarian Reform :3 : None

I. Course Description This course presents a general background of economics, the interaction of its various elements and its effect in general to people’s lives. Specifically, it provides an introduction to economics and economic concepts in theory, policy and practice, with particular reference and emphasis to the Philippine economic experience. It also includes a general background of the laws of taxation and land reform. II. Course Objectives: At the end of the course, the student are expected to: Cognitive: 1. To appreciate the importance of taxation as means of supporting the government in sustaining its programs and projects as opposed to common notion on taxation as a burden. 2. To realize the necessity for land reform program as means of state’s pursuit of social justice. 3. To instill in the students human values and cultural refinement through the humanities and social sciences. 4) To understand other political and governmental systems, their ideological basis and compare these with the Philippine system; 5) To understand the basis of the agrarian laws in the economic perspective and evaluate the significance of land reform to the landless poor. Psychomotor: 1. To have critical studies and discussions of the basic economic principles and processes i.e. resources, market, money etc. 2. To describe and evaluate selected economic policies and issues in relation to how these affect the Filipino nation and the lives of the people. Affective: 1. To inculcate high ethical standards in the students through its integration in the learning activities. 2. To identify and internalize citizen's economic rights and responsibilities to develop their sense of nationalism and love of country. III. Methodologies/Strategies/Techniques Lecture Brainstorming Inductive Method Group Activity

Class Reporting Research Paper Deductive Method Demonstration

Group Discussion Interactive Discussion Exercises Method Critical Reading

IV. Course Content CONTENT/TOPICS Part 1: Basic Economics I. Basic Economic Principles A. What is Economics B. Economic Resources C. Economic Systems and Tools II. Economic Activities A. Circular Flow of Economic Activities B. Supply and Demand C. Production, Cost and Profit D. Monopoly and Competition E. Philippine Financial System F. Money and Monetary Policy IV. Political Economy A. Political – Economic Framework B. Two Ideal Type Political Economies C. Key Problem for Each Ideal Type Political Economies D. Mixed Economy E. “Isms” in Political Economy Part 2: Taxation V. General Principles of Taxation A. Taxation B. Nature of Taxation C. Taxation Distinguished from other Powers of the State VI. Limitation on the Powers of Taxation A. Inherent Limitations of Taxation B. Constitutional Limitations VI. Double Taxation and Tax Exemptions A. Kinds of Double Exemptions B. Kinds of Tax Exemptions VII. Income Taxation A. Definition of: Income, Income Tax, Gross Income, and Taxable Income B. Personal and Additional Exemptions C. Computation of Individual Income Tax D. Filing of Returns and Payment Part 3: Agrarian Reform VIII. Land Reform A. Meaning of Land Reform B. Meaning of Agrarian Reform C. Components of Agrarian Reform IX. Aspects of Agrarian Reform A. Economic, Socio-cultural Biblical, Moral, Legal, and Political Aspects B. History of Philippine Agrarian Problem C. The Role of Peasants and Land Lord X. RA 6657 or Comprehensive Agrarian Reform Program A. Need for CARP B. Objectives of the CARP C. The CARL (Comprehensive Agrarian Reform Law)

TIMEFRAME (hrs)

3

3

3

3

3

2 3

4

5

3 2 2 3 2

3 1

3 3 Total (54 hrs)

Remarks

V. Course Requirements A. Regular Attendance 1) All students are required to regularly and promptly attend all class sessions. 2) Midterm: Written Report, Research Paper, 3) Final term: Portfolio VI. Grading System Class participation, quizzes, activities, recitation, attendance – 33.33% Major Exams – 33.33% Projects – 33.33% VII. Integration A. Suggested Topics 1. The Agrarian Code of the Philippines 2. The End of Poverty (Documentary Film) B. Suggested Activities 1. Class Debate VII. References Aban, Benjamin (2006). Law of Basic Taxation in the Philippines. Manila: National Book Store. Danziger, James (2000). Understanding the Political World (5th Ed.). New York: Longman. De Leon, Hector (2002). Textbook on Philippine Constitution. Quezon City: Rex Book Store. De Leon, Hector (2005). Textbook on Agrarian Reform and Taxation. Quezon City: Rex Book Store. Pagoso, Cristobal and Virgilio Pagoso (2004). Principles of Economics. Parañaque: Nelson Publication. Internet Sources “Basic Economics” Lectures in Social Sciences. Article online. 13 November 2011. “Land ownership can end poverty in developing countries.” Land Reform. Article online. 19 October 2011. “Agrarian Reform in the Philippines” CHIBA-U. Article Online. 11 January 2012.

Designed by: MENELITO P. MANSUETO, M.A. Instructor

Checked by: ZINA D. SAYSON, Ph.D. Dean, CEA