Pamantasan ng Lungsod ng Maynila (University of the City of Manila) Intramuros, Manila College of Education Course Syllabus Microeconomics Professor: Paulyne Joanne R. Pascual, MAEd A. Course Code: SST B. Course Title: Macroeconomics C. Course Description: This course is designed to help the students develop an in-depth understanding of the nature, scope and significance of micro-economics. It provides them with an understanding the cause and effects of inflation, unemployment, fiscal and monetary policies, modes of taxation, international trade and national income. This course will equip students with the knowledge in Gross National Policy, Gross Domestic Policy and Consumer Development Index. Through these, the Social studies majors will gain competence in teaching the subject and eventually lead their future in a higher standard education. D. Prerequisite: None E. Credit Units: 3 Units F. Course Outcome: At the end of the course, the students will be able to: 1. Understand the basic economics concepts. 2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. 3. Understand the Consumers’ Behavior Theory and Production Theory. 4. Explain the market structures and apply it in real market. 5. Define economic growth through revenue and profit. 6. Understand International Trade and Government Policy. Time Allotment Week 1 Week 2 Learning Outcome 1. Discuss the requirements, rules and grading system in subject. 2. Present the expected learning activities and academic discourse in the subject. 3. Discuss the meaning, nature and scope of Macroeconomics. 4. Present the difference between Microeconomics and Macroeconomics. Learning Content Course requirement, rules and grading system in the subject Strategies/Activities Lecture and Discussion Resources Syllabus Assessment Reflection paper I. Lecture and Discussion Individual Report Books Laptop and projector Audio visual presentation Power point Task Sheet Basic Economic Concepts A. The Essence of Economics Scope of Economics: Microeconomics and Macroeconomics Characteristics of an Economic Theory Application and definition of the Ceteris Paribus 5. Explain the importance of Economics. 6. Expound the ideas of Opportunity Cost and TradeOff. phrase The Method of Economics The Economic System and the Basic Economic Question Opportunity Cost and Trade-Off Circular flow model II. Demand and Supply The Getting Curve and the Demand Schedule Getting the Slope of the Demand Curve Shifts in Demand and their Determinants The Supply Curve and the Supply Schedule Getting the Slope of the Supply Curve Other Factors that Influence Supply Market Equilibrium Getting the Equilibrium Condition via the Schedule Approach The Graphical Approach The Algebraic Equations Surplus and Shortage III. Elasticity and Its Application Price Elasticity of Demand and Pricing Decision Importance of Total Revenue in Pricing Decision Income Elasticity of Demand Cross Elasticity of Demand Price Elasticity of Supply Week 3 7. Understand the Demand and Supply Curve and Schedule. 8. Explain the Market Equilibrium. Week 4 9. Understand the different concepts and uses of elasticity. Week 5 10. Explain consumer behavior through utility approach and the budget line and indifference curve analysis. IV. Consumer’s Behavior Theory The Utility Aporoach The Law of Diminishing Maginal Utility The Budget Line and Indefference Curve Optimum Combination and the Marginal Rate of Substitution 11. Explain how goods are efficiently produced and input costs, minimized. V. Week 6 Week 7 presentation Lecture and Discussion Individual Report Books Laptop and projector Audio visual presentation Power point presentation Task Sheet Lecture and Discussion Individual Report Books Laptop and projector Audio visual presentation Power point presentation Task Sheet Lecture and Discussion Individual Report Books Laptop and projector Audio visual presentation Power point presentation Task Sheet Books Laptop and projector Audio visual presentation Power point presentation Task Sheet MIDTERM EXAMINATION Production Theory Lecture and Production and Production Theory Discussion Individual Report The Production Function and the Law of Diminishing Marginal Returns Long Run and Short Run Adjustments The Analysis of Isocots and Isoquants Week 8 12. Understand how costs and profit affect market behavior. VI. Theory of Costs Cost Analysis Revenue and Profit Lecture and Discussion Individual Report Week 9 13. Understand how competition influences market behavior affects the way the market will function in the long run. VII. Market Structures Perfect and Imperfect Competition Pure Competition Monopoly Oligopoly Monopolistic Competition Lecture and Discussion Individual Report Week 10 14. Explain the different issues of the government in Microeconomics. VIII. Government Issues in Microeconomics Trade Barriers: Impacts on price and Demands Types of Taxes and The Philippine Tax Code: Impact on Microeconomics Government Regulation Circular Flow of Economic Activity Lecture and Discussion Individual Report Week 11 15. Visit the Central Bank of the Philippines IX. Bangko Sentral ng Pilipinas Visitation Lecture and Dicscussion Week 12 G. Course Requirements: FINAL EXAMINATION Reporting (motivational activity/report/handouts to your classmates and prof) -20% Class Participation and Attendance-20% Task Sheet -20% Major Examination-40% H. Print Resources and References: Case. (2017). Principle of Economics Volume 1: Microeconomics. Pearson Publishing Inc. Mutya (2018). Economic s woth Agrarian Reform and Taxation. Anvil Books. Pagoso etal (2017). Introductory Microeconomics. 4th Edition. Rex Book Store Avila. etal. (2018). Microeconomics Simplified. Anvil Publishing Books Laptop and projector Audio visual presentation Power point presentation Books Laptop and projector Audio visual presentation Power point presentation Books Laptop and projector Audio visual presentation Power point presentation Task Sheet Task Sheet Task Sheet