COURSE OUTLINE
COURSE TITLE:
INTRODUCTION TO ECONOMICS WITH TAXATION AND LAND
REFORM (TLR)
COURSE CODE:
ECO 101
ACADEMIC YEAR:
1st Semester, 2015-2016
CREDIT UNITS:
3 units lecture
CONTACT HOURS / SEM:
54 lecture hours
Course Description: This course provides a comprehensive coverage of all major topics
in economics. Attention is given to establish understanding on the key economic
principles with particular emphasis on the Philippine 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. Likewise, the course involves topics on
taxation and agrarian reform with discussion on issues and problems related to its
implementation.
Course Objectives:
At the end of the course, the learners are expected to:
Cognitive:
1. Know the nature, scope and importance of economics to an individual,
organization and to the government as a whole;
2. Develop the capability of analyzing and resolving personal economic
problems or choices;
Affective:
3. Relate the economic concepts with core concepts and issues on land
reform, cooperatives and taxation as affecting the community;
4. Show sensitivity to social problems and act upon them as responsible Filipino
in achieving national goals and ideals;
Psychomotor:
5. Perform and adapt relevant topics of this course on actual projects and
exercises.
TIME FRAME
WEEK 1
WEEK 2
I.
II.
Course Content
TOPICS
EXPECTED OUTCOME
Introduction
Economics and our Lives
Classroom and Course
Policy Awareness
A. Importation of Goods
Ability to:
and Products
B. Notion of Tax
1. Discuss the
C. Power and the
connection of
Allocation of Resources
importation to the
D. Series of Cause and
notion of
Effects
Economics
E. Religion & the Capitalist
2. Describe the
Society
LEARNING PLATFORM
Formal Lecture
1
WEEK 3
WEEK 4
WEEK 5
WEEK 6
WEEK 7
WEEK 8
WEEK 9
WEEK 10
III. History of the Economic
Thought and
Development
A. The Ancient Economic
Thought
B. The Industrial Revolution
and Classical Economics
C. The Neo Classical
Economics
IV. The Basics of Economics
A. The World of Economics
and Its Significance
B. The Economic
Environment and Its
Processes
C. The Inputs to Production
D. The Production Possibility
Frontier (PPF)
V. The Economic Models and
the Flow of Production
A. The Economic System
B. The Circular Flow of
Economic Activities
C. Outflows and Inflows to
the Circular Flow
PRELIMINARY EXAMS
VI. Presentation of Grades and
Output Activity
VII. Film Showing & Overview
VIII. Economic Strategies
A. Monetary Policy
B. Fiscal Policy
C. Foreign Trade Policy
IX. Basic of Demand and
Supply
system of taxation
3. Correlate the
relationship found
in Religion and
the Capitalist
Society
Ability to:
Formal Lecture
1. Identify the
contributions of
prominent
economists to our
present society
2. Explain the
Industrial
Revolution
Ability to:
Formal Lecture
1. Understand the
interrelationship
of nations and
their
corresponding
economies
2. Discuss the inputs
to Production
3. Describe the
Production
Possibility Frontier
(PFF)
Ability to:
1. Resolve on
potential
problems found in
each of the
Economic Models
2. Discuss the
Circular Flow of
Economic
Activities
Ability to:
1. Appreciate and
recognize the
significance of
policies formed
by the society
2. Recognize
relevant
Economic
Strategies
Ability to:
Formal Lecture /
Student Facilitated
Classes
Formal Lecture
Formal Lecture/
Student Facilitated
2
A.
B.
C.
D.
WEEK 11
WEEK 12
WEEK 13
WEEK 14
WEEK 15
WEEK 16
WEEK 17
The Law of Demand
The Law of Supply
The Market Equilibrium
Elasticity of Demand and
Supply
X. The National Income
Accounts
A. Measurement of National
Income
B. Other Approaches of
Measuring GNP
C. Other Concepts of
National Income
Accounting
D. The Distribution of
National Income
MIDTERM EXAMS
XI. Presentation of Grades and
Output Activity
XII. Film Showing & Overview
XIII. The Agrarian Reform
Program of the
Philippines
A. The Meaning, Nature and
History of Land Reform
B. Importance, Aspects and
Components of Agrarian
Reform
C. The Comprehensive
Agrarian Reform Program
XIV.
Taxation
A. The Meaning, Nature and
Importance of Taxation
B. Basic Principles and
Classification of Taxes
C. Limitations on the Power
of Taxation
XV. The Cooperative Program in
the Philippines
A. Meaning and History of
Cooperatives
B. The Cooperative
Development Program of
the Philippines
C. Types of Cooperatives in
1. Illustrate the
correlation found
between the
Laws of Supply
and Demand
2. Understand the
importance of
Market
Equilibrium on
Price
Determination
3. Explain the
causes and
effects of Supply
and Demand
Elasticity
Ability to:
Classes
Formal Lecture
1. Understand the
National Income
Accounts
2. Discuss various
approaches in
measuring GNP
Ability to:
Formal Lecture
1. Understand the
rationale behind
reforms made on
land
2. Recognize the
history of land
ownership
Ability to:
1. Apply necessary
calculation in
determining
Income Tax
2. Understand the
system of
Taxation
Ability to:
Formal Lecture/
Student Facilitated
Classes
Formal Lecture / ELearning
1. Realize the cause
behind the
formation of
Cooperative
Programs
2. Understand the
3
the Philippines
WEEK 18
System of
Cooperatives
and its effects in
the Economy
ENDTERM EXAMS
COURSE WEBSITE:
http://gciceco.wordpress.com
ACADEMIC PROFESSOR:
Mr. Erwin Baloaloa
REFERENCE:
 PRIMARY REFERENCE:
 Leaño, Roman, Jr. et al; Fundamentals of Economics with Agrarian Reform,
Taxation and Cooperatives (A Modular Approach), Mindshapers Co., Inc.,
Intramuros, Manila, 2012.
 SECONDARY REFERENCE:
 Manapat, Carlos L., et al; Economics, Taxation, and Agrarian Reform, C & E
Publishing, Inc., Quezon City, 2010.
GRADING SYSTEM:
DESCRIPTION
Class Standing
Output/Project
Recitation
Tests
Assignment
Major Exam
PERCENTAGE (%)
60
40%
20%
20%
20%
40
Total
100
Final Grade:
Prelim
30%
Midterm
30%
Final Term
40%
100%
4