Principles of Economics With TLR

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Computer Comunication Development Institute

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

Course Code

II.

Course Title

ECONOMICS W/ LAND REFORM & TAXATION

III.

Course Credit

3 units

IV.

Course Description

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 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 students understanding of key economic principles, and
then illustrate each of these principles with relevant applications.

VI.

Course Objectives

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 dos


and donts 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

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