Republic of the Philippines
BATANGAS STATE UNIVERSITY
Rosario Campus
Namunga, Rosario, Batangas
COLLEGE OF ACCOUNTANCY, BUSINESS, ECONOMICS
& INTERNATIONAL HOSPITALITY MANAGEMENT
COURSE SYLLABUS WITH SPECIFICATION
UNIVERSITY VISION
A globally recognized institution of higher learning that develops competent and morally
upright citizens who are active participants in nation building and responsive to the
challenges of 21st century.
UNIVERSITY MISSION
Batangas State University is committed to the holistic development of productive citizens
by providing a conducive learning environment for the generation, dissemination and
utilization of knowledge through innovative education, multidisciplinary research
collaborations, and community partnerships that would nurture the spirit of nationhood
and help fuel national economy for sustainable development.
COURSE CODE: ECO 101
COURSE TITLE: BASIC MICRO ECONOMICS
CREDIT UNIT: 3
PRE-REQUISITE:
ACADEMIC YEAR: 2018-2019
PROGRAM EDUCATIONAL OBJECTIVES
The Graduate of Bachelor in Business Administration Program should be able to:
1. Demonstrate competency across business disciplines, specifically apply the
essential elements of core business principles to analyze and evaluate problems
and to construct and implement solutions in the business environment.
2. Create teamwork and develop leadership skills in the evaluation of organizational
conditions using a system perspective.
3. Practice high level of professionalism necessary to deliver the knowledge,
expertise and skill of students through the application of research to business
problems and issues.
4. Demonstrate an understanding and appreciation of ethical principles both the
professional and community level.
5. Apply critical reasoning processes to specifically employ appropriate analytical
models to evaluate evidence, select among alternatives, and generate creative
options in furtherance of effective decision making.
6. Develop good oral and written communication skills relevant to business.
PHILOSOPHY
This is an introductory course to the study of Economics. It presents the economic
foundation of our present order and employs economic concepts, principles, practices,
application and current issues on economics, agrarian reform and taxation as tools for
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decision making.
It encompasses the development of basic economic theories, the
Philippine economic system, the theories on economic and product behavior as well as
the economics of market competition.
AUDIENCE
This course is intended for first year undergraduate Business Administration students of
Batangas State University.
STUDENT OUTCOMES
Student Outcomes
a. Demonstrate competencies in business economics, financial
management, human resource development management, marketing
management and operations management;
b. Think critically and creatively to solve complex business problem, cope
with global business trends and face the challenges brought by diverse
issues;
c. Practice ethical leadership and intelligent decision making as future
managers or entrepreneurs; and
d. Show appreciation of justice, arts and culture.
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INTENDED LEARNING OUTCOMES
1. Define the key concepts in economics, taxation, land and agrarian reform.
2. Explain the basic economic phenomena and make prediction about the outcome in a
market using economic models.
3. Criticize comprehensively the problem areas and identify the gaps which can be
utilized as subject for research study.
4. Demonstrate knowledge and understanding through the economic concepts, principles
and theories in the light of decision –making and policy formulation.
5. Formulate, develop and adopt new ideas of thinking and practice to facilitate desired
changes to the existing socioeconomic conditions.
6. Assess the knowledge and skills acquired from the economic concepts, principles and
theories.
RELATIONSHIP TO STUDENT OUTCOMES
Mapping of Intended Learning Outcomes vs Student Outcomes
Intended Learning
Outcomes
ILO 1
ILO 2
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Applicable Student Outcomes
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ILO 3
ILO 4
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SPECIFIC OBJECTIVES
Topics
ILO
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ILO
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1. INTRODUCTION
a. Define and understand economics as a social
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science
b. Explain the distinguishing characteristics of
the economic way of thinking
c. Understand the development of the different
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economic thought
d. Relate economics with other social sciences.
e. Understand Economics as a Science of Choice
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f. Understand the three fundamental economic
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questions
g. Comprehend the concepts of scarcity and
opportunity cost
h. Discuss the concept of Production Possibilities
Frontier (PPF)
i. Explain the circular flow of the economy
2. DEMAND, SUPPLY AND MARKET EQUILIBRIUM
a. Describe the law of demand and supply
b. Identify the determinants of demand and
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supply
c. Use demand and supply to explain how
equilibrium price and quantity are determined in
a market
d. Analyze how the circular flow model
provides an overview of demand and supply in
product and factor markets and how the model
suggests ways in which markets are linked.
3. ELASTICITY OF DEMAND AND SUPPLY
a. Understand the concept of demand elasticity
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and supply elasticity and its calculation.
4. THEORY OF CONSUMER BEHAVIOR
a. Define what economists mean by choice and
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utility.
b. Distinguish and illustrate the concepts of total
utility and marginal utility.
c. State, explain and illustrate the law of
diminishing marginal utility.
d. Discuss consumers’ equilibrium and
indifference curve.
e. Explain the notion of marginal rate of
substitution
f. Determine the income consumption curve
(ICC) and price consumption curve (PCC)
g. Derive a demand curve from the budget line
and indifference curve
h. Determine and illustrate the consumers
equilibrium, income consumption curve and
ILO
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ILO
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ILO
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ILO
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Engel curve.
5. THEORY OF PRODUCTION AND COST
a. Discuss the concept of cost
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b. Demonstrate and formulate a profit analysis.
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c. Explain the theory of production.
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d. Distinguish and illustrate the concepts of
average production, marginal production and
total production
e. State, explain and illustrate the concepts of
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increasing, diminishing, and negative marginal
returns and law of diminishing marginal returns.
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f. Understand the various measures of cost and its
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calculations
6. MARKET STRUCTURE
a. Understand the different market structures
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b. Differentiate perfect market from imperfect
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market
c. Identify the basic assumptions of the model of
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perfect competition and imperfect competition
d. Distinguish the different forms of imperfect
market
7. BUSINESS ORGANIZATION
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a. Know the nature and scope of business
organization
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b. Differentiate the basic form of ownership
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c. Determine the universally accepted principles
of cooperative
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d. Identify the types of cooperatives
e. Understand the importance of business
organization
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f. Identify types of business operations
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g. Analyze the stages of business cycle
8. ECONOMIC DEVELOPMENT VS. ECONOMIC GROWTH
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a. Compare economic development and growth
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b. Acknowledge theories of economic
development
9. NATIONAL INCOME ACCOUNTING
a. Explain comprehensively the Circular Flow
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Diagram
b. Compare Gross Domestic Product (GDP) with
Gross National Product (GNP)
c. Use the different approaches in measuring
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country’s performance
d. Analyze the difference between Real GDP
and Nominal GDP
10. LABOR AND EMPLOYMENT
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a. Identify the different labor problem
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b. Determine the forms of unemployment
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c. Familiarize with objectives and policies of
labor and employment
11. PRICE AND INFLATION
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a. Differentiate between inflation of losers and
gainers
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b. Discuss theories on inflations
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c. Explain reasons for price increase
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d. Analyze inflation in the Philippines
12. INTERNATIONAL TRADE
a. Understand the basic and essential concepts of
international economics
b. Explain the theories of international trade
c. Distinguish between the different types of
trade protections being employed by a country
d. Discuss foreign exchange market and foreign
exchange rate, and identify its determinants
e. Explain what is Balance of Payments (BOP)
13. ROLE OF WOMEN IN THE ECONOMY
a. Re-imagine sex, gender and sexuality toward a
more humane and gender-sensitive society
b. Know women’s equal rights with men in the
family, benefits, bank loans, mortagages and
other forms of financial credit.
c. Familiarize with women’s economic rights
14. TAXATION
a. Define what is taxation
b. Understand the concepts and principles of
taxation
c. Distinguish the three tax systems or structures
d. Identify the different classification of taxes
e. Explain the significant implications and
importance of taxations to the government.
f. Discuss the Income Taxation Concepts
g. Compute for Income Tax Return
15. AGRARIAN REFORM
a. Know the aspects of Agrarian Reform
b. Know the objectives of Agrarian Reform
c. Discuss the establishment and the development
of the Comprehensive Agrarian Reform Program
d. Familiarize with history of the agrarian reform
in the Philippines
e. Differentiate land reform versus agrarian
reform
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TEACHING, LEARNING AND ASSESSMENT STRATEGIES
Teaching and Learning Strategies
The different teaching and learning strategies that will be used in order to attain the
intended learning outcomes are enumerated and described below:
• Lecture – It is a primary method of transmitting information which can be a talk,
address or any other type of verbal presentation to students by the instructor/professor.
Its uses or value includes creating interest in a topic or subject; transmitting knowledge to
students; presenting students with new information, explanation, interpretation, and
generalization; helping students clarify and gain a better understanding of a subject, topic,
matter or event; and organizing and systematizing knowledge.
• Discussion – It is another widely used method of teaching which is usually
intermingled with lecture. Its uses or value includes transmitting knowledge to students;
assisting students in organizing knowledge and developing concepts and generalizations;
answering students’ questions; clarifying understanding; showing how to solve a problem
or do something; giving students opportunity to interact with each other and with the
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instructor/professor; and improving students’ ability to speak on a subject, to organize
thoughts and to communicate effectively.
• Question-and-Answer Method – It is another universal method of teaching which
is also known as the Socratic Method. It is impossible to consider adequately methods of
teaching without recognizing the question as an essential element in all teaching
procedures. The question is the key to all educative activity above the habit-skill level.
Questions challenge thought and test the students’ knowledge.
• Problem Solving Method – It is a process of raising reflective thinking in arriving
at a rational solution of the problem. It primarily develops the thinking and reasoning
power of the students. Reflective thinking is characterized by a process of careful
consideration of facts, beliefs or other items of mental experience for the purpose of
arriving at rational conclusions about some problems or perplexity.
• Inductive Method – Induction is the process of reasoning from the particular to
the general. The inductive method is a procedure through which one may arrive at a fact,
principle, truth or generalization.
• Deductive Method – Deduction is the process of reasoning from the general to the
particular. The deductive method is the reverse of the inductive method. It starts with a
generalization, principle or rule that is then applied to specific cases.
• Cooperative Learning – It is a relatively new approach to teaching and learning.
In this approach, students work on activities in small, heterogeneous groups, and they
receive rewards or recognition based on the overall group performance. Students tutor
one another so that everyone can succeed and each is accountable for learning.
Assessment Strategies
The following are the assessment tools that correspond to the teaching and learning
strategies described above:
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Paper-and-pencil Test or Examination – This is a written test, quiz or
examination that will be used to assess students’ learning from lecture, discussion,
problem-solving, induction and deduction.
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Recitation – This is an oral test or examination that corresponds to discussion,
question-and-answer, induction and deduction.
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Individual Seatwork, Homework, Boardwork and Library Research Work –
These are also written works or requirements for the assessment of students’
learning from lecture, discussion, and problem-solving.
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Group Seatwork/Homework – This assessment activity corresponds lecture,
discussion, problem-solving and cooperative learning.
COURSE REQUIREMENTS
The following requirements should be complied to pass the course:
1. Pass assessments which are in the form of quizzes and periodic examinations.
2. Submit projects on time.
3. Conduct and complete tasks or projects based on guidelines you will give
them.
4. Actively participate in class activities.
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5. Proactively contribute to class and group efforts.
6. Present an oral presentation as part of final examination.
Scoring Rubric for Oral Presentations:
Category
Organization
(15 points)
Scoring Criteria
Total
Points
The type of presentation is appropriate for the
topic and
audience.
5
Information is presented in a logical sequence.
5
Presentation appropriately cites requisite number
5
Score
of references.
Introduction is attention-getting, lays out the
problem well, and
establishes a framework for the rest of the
5
presentation.
Content
(45 points)
Technical terms are well-defined in language
appropriate for
the target audience.
5
Presentation contains accurate information.
10
Material included is relevant to the overall
10
message/purpose.
Appropriate amount of material is prepared, and
points made
reflect well their relative importance.
10
There is an obvious conclusion summarizing the
5
presentation.
Speaker maintains good eye contact with the
audience and is
appropriately animated (e.g., gestures, moving
5
around, etc.).
Presentation
(40 points)
Speaker uses a clear, audible voice.
5
Delivery is poised, controlled, and smooth.
5
Good language skills and pronunciation are used.
5
Visual aids are well prepared, informative,
effective, and not
distracting.
5
Length of presentation is within the assigned
5
time limits.
Information was well communicated.
Score
Total Points
10
100
Quizzes and Major Examinations
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There will be four major examinations: Prelim, Midterm, Semi-final and Final. All
major examinations will be in-class and closed notes and will be administered on the
schedule given by the University. Special examination shall be given only in case of
excused absence or conflict of examination schedule. Unless otherwise specified by the
instructor/professor, the scope of major exam shall be those topics for the given period
listed in the course calendar.
There will also be quizzes from time to time which may be announced or unannounced,
closed notes or open notes, in-class or take-home.
Oral and Written Report
Reports give students an opportunity to more deeply engage in the assigned material. A
secondary purpose is to encourage regular readings of the text which prevents, lastminute cramming before tests, enhances class discussions and help students better
understand class lectures.
Class Participation
From time to time, a graded recitation will be conducted in order to test whether the
students really understand their lessons. Likewise, the students are expected to participate
actively in the class discussions and are encouraged to share their thoughts and prove or
disprove other’s conviction in proper manner. This way, their thinking and reasoning will
be developed to the fullest. Further, the student’s communication skills will be improved.
The class will be grouped accordingly and will be given specific topics to research and
report inside the class. Group exercises will likewise be given to reinforce the learning
process. Furthermore, the class will be encouraged to attend different seminars and fora
related to the subject.
Consultation
The students are allowed to consult on the given time and date by the instructor. It
includes queries, topics and anything in relation to the subject.
Missed Exams
Make-up tests will be given for authorized university activities only if a student present
suitable documentation (evidence) explaining the absence to the instructor. The
instructor/university reserves the right to disapprove any explanations for absences
presented without prior notice and not provide the opportunity for a make-up test.
Students knowing they will be absent from an announced test because of personal or
business reasons are required to inform the instructor before the absence. A make-up test
may be given early in some cases.
COURSE POLICIES
Grading System
The work of students shall be graded at the end of each term in accordance with
the following system:
Numerical Grade
1.00
1.25
Percentage Equivalent
98-100
94-97
Description
Excellent
Superior
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1.50
1.75
2.00
2.25
2.50
2.75
3.00
5.00
Inc.
Drp
90-93
88-89
85-87
83-84
80-82
78-79
75-77
Below 75
Very Good
Good
Meritorious
Very Satisfactory
Satisfactory
Fairly Satisfactory
Passing
Failure
*Incomplete
Dropped
Students who will get a grade of 70-74 must be given a removal examination. A
grade of “3.0’ will be given to those who will pass the removal examination and those
who will fail will be given a grade of “5.0”.
*A grade of “Incomplete” must be complied with by the student within one (1)
semester or one hundred fifty (150) days. A student who fails to complete the
deficiency/deficiencies at the end of the succeeding semester shall automatically obtain a
grade of 5.0 in the course.
Attendance Policy
Prompt and regular attendance of students is required. Total unexcused absences
shall not exceed ten (10) percent of the maximum number of hours required per course
per semester (or per summer term). A semester has 18 weeks. For example, a semestral
subject with :
 3 units (3 hrs lec), 10% x 3 x 18 = 5.4 hrs or 6 hrs.
 3 units (2 hrs lec, 3 hrs lab), 10% x 5 x 18 = 9 hrs.
 5 units (3 hrs lec, 6 hrs lab), 10% x 9 x 18 = 16.2 hrs or 16 hrs.
Please refer to the provisions in the Norms of Conduct for the full text of
guidelines for the attendance.
Academic Dishonesty
Academic dishonesty includes acts such as cheating during examinations or
plagiarism in connection with any academic work. Such acts are considered major
offenses and will be dealt with according to the University’s Student Norms of Conduct.
Dropping
Dropping must be made official by accomplishing a dropping form and
submitting it at the Registrar’s Office before the midterm examination. Students who
officially drop out of class shall be marked “Dropped” whether he took the preliminary
examination or not and irrespective of their preliminary grades.
A student who unofficially drops out of class shall be given a mark of “5.0” by
the instructor.
ACADEMIC INFRASTRUCTURE
References: TIMBREZA, Florentino T., Quest for Meaning – Philosophy Made Easy
for Filipinos, New Day Publishers., 2000
COURSE OUTLINE/CALENDAR
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TIME FRAME
(No. of Sessions)
Week 1-2
Week 3
UNIT/MODULE/TOPIC
TITLE
REFERENCES
Basic Economics: with TLR
Introduction to
Economics
Economics: An Introduction.
Basic Economics: with TLR
Demand and Supply
Economics: An Introduction.
Week 4
Week 5
PRELIMINARY EXAM
Theory of Consumer Behavior
Basic Economics: with TLR
Economics: An Introduction.
Week 6
Theory of Production and Cost
Basic Economics: with TLR
Economics: An Introduction.
Basic Economics: with TLR
Week 7
Week 8
Market Structure
Economics: Principles and
Application
MIDTERM EXAM
Basic Economics: with TLR
Week 9
Week 10
Economic Development vs.
Economic Growth
International Economics
National Income Accounting
Basic Economics: with TLR
Macroeconomics
Basic Economics: with TLR
Week 11
Labor and Employment
Macroeconomics
Price and Inflation
Basic Economics: with TLR
Week 12
Macroeconomics
Week 13
SEMI FINAL EXAM
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Week 14
International Trade
Basic Economics: with TLR
International Economics
Week 15
Role of Women in the Economy Economics: Principles and
Application
Basic Economics: with TLR
Week 16
Taxation
Principles of Economics: Taxation
and Land Reform
Basic Economics: with TLR
Week 17
Agrarian Reform
Week 13
Principles of Economics: Taxation
and Land Reform
FINAL EXAM
Prepared by:
JAMES CARLO M. INANDAN
INSTRUCTOR I
Date Signed:
Reviewed by:
ASST. PROF. MARILOU A. VERA
OIC- DEAN, CABEIHM
Date Signed:
Approved by:
DR. ROSALINDA M. COMIA
Dean of Colleges
Date Signed:
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