Economics Syllabus PDF
Economics Syllabus PDF
Economics Syllabus PDF
A Christ-Centered Institution
Taguig City
1st Semester, A.Y. 2015-2016
Course Syllabus
PROFESSOR:
EMAIL ADDRESS:
TELEPHONE NUMBERS:
COURSE DESCRIPTION:
This course covers a comprehensive study of economics and the economics of land reform and
taxation. Topics include important concepts in economics, circular flow of economic activities,
demand and supply, theory of production, theory of cost and profit, different economic systems,
national income accounting, monetary policy, international trade, cooperatives, globalization,
and measuring and forecasting demand. The last part of the course deals with the
Comprehensive Agrarian Reform Program (CARP) and principles of taxation. Current events
will be dealt with in every session.
COURSE OBJECTIVES:
At the end of the semester, the student should be able to:
1. Appreciate 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;
2. Demonstrate how a market is driven by individual decision;
3. Utilize appropriate economic concepts and principles in evaluating economic problems, issues
and other related economic concerns; and
4. Operate different equations in economics and graph various equations.
Page 1 of 10
INTRODUCTION
Getting to Know Each Other
Course Orientation and Discussion of Syllabus
Economics in Light of the Changes in Philippine Education Curriculum vis--vis
K to 12 Program and ASEAN Integration
2ND WEEK
ECONOMICS: AN INTRODUCTION
Basic Terms in Economics
Economic Resources
Types of Economic Systems
The Economizing Habit and the Tools of Economics
National Development Goals
THE CIRCULAR FLOW OF ECONOMIC ACTIVITIES
Economic Model of Production
Economic Model of Income and Consumption
The Circular Flows of Physical Goods and Money Income
Inflows and Outflows
3RD WEEK
4TH WEEK
Page 2 of 10
PRELIMINARY EXAMINATION
6TH WEEK
PURE COMPETITION
Pure and Perfect Competition
A Note on Profits
Profit Maximizing Output
Loss Minimizing Case
The Breakeven Price
The Shutdown Price
Long-Run Adjustments
An Evaluation of a Competitive Market
7TH WEEK
MONOPOLY
The PLDT Story
Short-run Equilibrium
Profit Maximization: Total Curve
The Long Run
Price Discrimination
The Welfare Effects of Pure Competition
Monopolies in Philippine Setting
IMPERFECT COMPETITION
Monopolistic Competition
Short-run Equilibrium
Adjustments: Open Entry
Welfare Effects of Monopolistic Competition
Oligopoly
Collusion vs. Independent Action
The Centralized Carte
The Kinked Demand Curve
The Profitability of Oligopolies
The Welfare Effects of Oligopoly
8TH WEEK
Page 3 of 10
9TH WEEK
GLOBALIZATION
Philippines 2000
What is APEC?
Peoples Assembly
Labor
Women
Food Security
Features of Globalization Present in the Philippines
The Crisis of Globalization
COURSE REQUIREMENTS:
Note: Submissions of academic papers and assignments beyond the deadlines
will not be entertained/accepted/approved!
Major Exams Four (4) major exams are usually given in a semester prelim, midterm, prefinal and final exams. However, in this class no prelim and pre-final tests will be given; only
midterm and final exams will be administered to you. There are other requirements you need to
submit in lieu of the prelim and pre-final exams which will be discussed below.
Read the instructions carefully and follow them. A student must be able to understand,
distinguish, and synthesize the ideas studied in class. All answers must be written in a direct,
comprehensive, and concise manner. In case of essays, long paragraphs, flowery words,
convoluted sentences, and flattery will not impress the instructor. Remember that the exam is
YOUR exam; it is meant to test your knowledge, not the instructors.
Workbook Exercises From time to time, you will be required to submit workbook exercises.
These constitute 30% of the Midterm Grade and 20% of the Final Grade, which in effect,
equivalent to Prelim and Pre-final Exams.
Critique Essays You are required to submit THREE (3) CRITIQUE ESSAYS on three articles
dealing with Philippine businesses and overall economy. Each essay must contain a minimum of
300 words. Look for essays (opinions, news, editorials) in different news sites, print them out,
submit them to me for approval, and write your critical analysis on the articles.
There are three important components of your article review:
1. Summary of the news article one paragraph
2. Analysis on the points raised in the articles
3. Conclusion one paragraph
STYLE OF WRITING/ STANDARD FORMAT FOR ACADEMIC PAPERS
(RESEARCH PAPERS AND CRITIQUE ESSAYS)
I want to reiterate (I always remind you in the class regarding this matter) several
important points when you prepare and submit academic papers such as critique essays
and research papers. These are the following:
1. Use 8.5" x 11" (short) white bond paper.
2. Use Times New Roman or Arial as your font type.
3. Use 12-point font size.
4. Double spacing is required for the entire essay except for quotations.
5. One inch in all margins is required.
6. Do NOT use sliding folder.
7. Prepare a Title Page of your paper (See the attached sample title page).
Deadline of submission: JULY 25, 2015 SATURDAY UNTIL 7:00 P.M.
Page 6 of 10
For the midterm exam, a combination of different types of tests will be given such as multiplechoice questions, enumeration, true-or-false questions, essays, etc. This will be a 100-point test.
The midterm exam will be administered on DURING THE REGULAR MIDTERM
EXAMINATION WEEK.
Mini-Research Paper. The class will be divided into several groups with 7-10 members each.
Each group will submit and present a research paper before an audience. A minimum of 10 pages
is required.
Examples of research topics/titles:
1. A Comparative Study on the Economic Growth and Development among South Signal,
Central Signal, and North Signal Villages in Taguig City
2. A Closer Look at Ayalas Development Plan for FTI Complex in Taguig City
3. A Rising Tiger: Analysis of Philippine Economy
4. A Study on the Employment Status of TFVC Alumni Who Graduated in 2014 & 2015
5. Survival of the Fittest: The Case of Mini-Stop and 7-Eleven Convenience Stores
6. K to 12 and Its Effects to Philippine Economy
7. Are We Ready for the ASEAN Integration?
Deadline of submission: SEPTEMBER 26, 2015 SATURDAY UNTIL 7:00 P.M.
For the final exam, questions will be composed of multiple-choice and essay questions. Coverage
includes but not limited to the questions on short quizzes and the midterm exam. Final
examination will be conducted DURING THE REGULAR FINAL EXAMINATION WEEK.
Recitation Class participation will measure your involvement during discussions. This class
is not designed for a one-way process; this is a two-way communication. Therefore, recitation is
of vital importance. If there is something that is not clear to you, you better ask. You are free to
disagree with me or your classmates even at the middle of my lecture. Exercise your freedom of
expression.
GRADING SYSTEM:
Midterm Period:
Workbook Exercises
Midterm Exam
Critique Essays
Recitation
MIDTERM GRADE
Final Period:
30%
Midterm Grade
30%
Workbook Exercises
30%
Final Exam
10%
Research Paper/Presentation
100%
FINAL GRADE
Page 7 of 10
40%
20%
20%
20%
100%
CLASSROOM POLICIES:
The moment you enrolled in the college, you agree to submit yourself to the school policies.
Academic institutions are not social clubs; we have rules to follow.
Attendance It is your responsibility to come to class on our schedule and on time. I will be
checking your attendance regularly. Inform me early if you will be late or if you will leave early.
Anyone who gets a perfect attendance will receive additional 25 points on their midterm and
final exam scores. Perfect attendance means being present in all class sessions. Those with
excused absences will not be given the bonus grade.
A student who has incurred 11 hours of absences in a 3-unit subject during the regular semester
shall be dropped from the roll and be given a failing grade (Article VIII, College Student
Handbook: The Fisher Valley College). The 5th absence will qualify you to receive a W/F
(withdrawal failure) mark. Necessary warnings will be given to you with excessive absences and
names of students who have incurred 4 or more absences will be reported to the Department
Heads Office so that necessary notice can be given to the parents/guardian (No. 4, Policy
Guidelines for Faculty).
Three (3) tardiness marks would mean one (1) day of absence. A student who leaves the
classroom and stay out for the duration of the class period without the professors permission
shall be marked absent (Article VIII, College Student Handbook: The Fisher Valley College).
However, don't use this as an excuse for you to come to class late. This time allowance has been
designed for working students and those who have children to take care of before going to
school. Unavoidable circumstances are also given consideration.
Cellphone and Other Electronic Gadgets Policy I strongly discourage you using your
cellphones, laptops, and other similar gadgets while we are having class discussions. It does not
only distract me; it is also annoying to your classmates who are listening to my lectures. You are
expected to demonstrate respect to everyone and avoid disruptive behaviors.
Make-up Exams I do not give make-up exams EXCEPT for serious illness or death in the
family. Do not make other commitments on the scheduled dates of examinations. If you have
your examination permit signed by the authorized school authorities and you fail to take the
exam, you will get a grade of 0% or 5.0 on that particular exam. Failure to take the final
examination because of unpaid tuition fee, on the other hand, would mean an INC grade. There
is NO EXEMPTION.
Academic Integrity You are expected to maintain academic integrity at all times. Avoid
cheating during quizzes and examinations. When you cheat, you are making a contribution to
the degradation of the quality of your college education. Plagiarism will not be tolerated as well.
In every academic paper you submit, make sure that you cite properly the authors/institutions of
your references. Claiming something as your own when you actually copied it from someone is a
clear violation. Hiring someone to do your assignments, research papers, or other related works
is also an offense to academic integrity. Any violation committed will have a corresponding
disciplinary action as outlined in the College Student Handbook.
Page 8 of 10
Index Cards - You are required to submit a index card no later than the 3rd class meeting
containing the following information:
Front:
Include a 1 x 1 recent photo PASTED (NOT STAPLED) on the upper right corner of the
index card.
Back:
a. All exams, quizzes, and assignments
If you follow all these policies and submit all course requirements, you will surely survive in this
course.
Page 9 of 10
By
JUAN Z. MASIPAG
BACHELOR OF SCIENCE IN ACCOUNTANCY 2