Course Title:

General Economics with

Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 1 of 7

MAPA INSTITUTE OF TECHNOLOGY
School of Languages, Humanities and Social Sciences

COURSE SYLLABUS

1. Course Code : SS121

2. Course Title : General Economics with Taxation and Land Reform and
Entrepreneurship

3. Pre-requisite : none

4. Co-requisite : none

5. Credit / Class Schedule : 3 units

6. Course Description : The course is the study of Economics as an essential aspect of life covering basic
economic problems, prevailing economic systems, prices of goods and services
and economic growth. Integrated in this course, is the study of the basics of
taxation, the various types of national internal revenue taxes and the Land
Reform Program of the Philippines and Entrepreneurship.


VISION
Napua shall be an international center of excellence in technology education by:
Providing instructions that are current in content and state-of-the art in delivery;
Engaging in cutting-edge research; and
Responding to the big local and global technological challenges of the times


MISSION
a) The mission of Napua !nstitute of Technology is to disseminate, generate, preserve and apply scientific,
engineering, architectural and !T knowledge.
b) The !nstitute shall, using the most effective means, provide its students with professional and advanced
scientific and engineering, architectural and information technology education through rigorous and up-
to-date academic programs with ample opportunities for the exercise of creativity and the experience of
discovery.
c) !t shall implement curricula that, while being steeped in technologies, shall also be rich in the humanities,
languages and social sciences that will inculcate ethics.
d) The !nstitute shall advance and preserve knowledge by undertaking research and reporting on the results
of such inquiries.
e) The !nstitute, singly or in collaboration with others, shall bring to bear the world's vast store of
knowledge in science, engineering and other realms on the problems of the industry and the community
in order to make the Philippines and the world a better place.

MISSION
PROGRAM EDUCATIONAL OBJECTIVES
a b c d e
1. To Provide students with solid foundation in mathematics, basic
sciences, physics and general chemistry and their application to
engineering, architecture and other related disciplines.

2. To compliment the technical training of the students with proficiency
in oral and written communications.

3. To instill in the students human values and cultural refinement
through the humanities and social sciences.

+. To inculcate high ethical standards in the students through its
integration in the learning activities.



Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 2 of 7

7. Program Outcomes and Relationship to Program Educational Objectives

Program
Educational
Objectives
Program Outcomes
1 2 3 4
(a)
An ability to apply knowledge of mathematics, science, and
engineering

(b)
An ability to design and conduct experiments, as well as to
analyze and interpret data

(c)
An ability to design a system, component, or process to meet
desired needs

(d) An ability to function on multi-disciplinary teams
(e)
An ability to identify, formulate, and solve engineering
problems

(f) An understanding of professional and ethical responsibility
(g) An ability to communicate effectively
(h)
The broad education necessary to understand the impact of
engineering solutions in a global and societal context

(i)
A recognition of the need for, and an ability to engage in life-
long learning

(j) A knowledge of contemporary issues
(k)
An ability to use the techniques, skills, and modern engineering
tools necessary for engineering practice.



8. Course Objectives and Relationship to Program Outcomes:

Program Outcomes Course Objectives
The students should be able to:
a b c d e f g h i j k
1. Gain a clear understanding of Economics and its
significance to our lives.

2. Appreciate the goal of Economics which is social
justice.

3. Analyze how prices are affected by the interaction
between supply and demand of goods and services.

4. Learn the value of a sound business idea.
5. Realize the importance of Taxation in the existence of
sovereign state.

6. Comprehend and compute the different types of
national internal revenue taxes.

7. Understand the Agrarian Reform problems in the
Philippines and appreciate the Comprehensive
Agrarian Reform Program (CARP) under R.A. No.
6657.










Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 3 of 7

9. Course Coverage :

Week Topic Methodology Assessment
1 Orientation
Economics Defined Lecture and Discussion Recitation
Nature of Economic Choice
Types of Economic Systems Analysis of newspaper Recitation
The Economic Resources
Economic Goals
Divisions of Economics
readings

2 Stock & Flow Concepts Lecture QUIZ

The Circular Flow of Goods,
Services and Income
The Production Process Lecture with graphical Assignment

The Flow of Goods Among
Producing Firms
illustrations of flow of the
production process Recitation

Good & Income Flow Among
Household & various types
of Producers
Analysis of prevailing economic
situations and Graphical
illustrations of the Circular flow of
Goods & income of household
firms
Recitation
Income Flow
The Concept of Equilibrium

The Effect of Savings &
Investments

Flow in a Market with Govt. &
Foreign Countries
3 Market Defined Lecture Seatwork
How a Market Functions
Market Demand Lecture and Discussion QUIZ

Non-Price Determinants of
Demand
With graphical illustration of the
Law of Supply and Demand

Effect of Changes in Non-Price
Determinants of Demand
Market Supply Assignment

Non-Price Determinants of
Supply

Effect of Changes in Non-Price
Determinants of Supply
Market Equilibrium
4 Elasticity Defined Lecture Recitation

Elasticity of Demand
Price Elasticity of Demand
Lecture with Graphical illustration
of the elasticity of supply and
demand

Implications of Price Elasticity
of Demand
Cross Elasticity of Demand
Determinants of Demand Elasticity
Newspaper and magazine readings Homework

Elasticity of Supply


Classification of Supply
Elasticity

Determinants of Supply
Elasticity
Lecture and Discussion

QUIZ

Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page + of 7


5 The Concept of Production Use of chart to show the Seatwork

Transforming Input into
Outputs Cost of production
Production Functions

Analysis of the Production Process
Production with one variable
Input Homework
Cost of Products

Production with two variable
Inputs
Kinds of Market Structure
Output of Price under Pure
Competition
Price and Output Determination
under Monopoly
Price and Output
Determination under
Oligopoly
Price Determination under
Monopolistic Competition

M I D T E R M E X A M I N A T I O N
6 Definition of Taxation Lecture and Discussion Recitation

Importance and Purposes of
Taxation
Definition of Tax
Essential Characteristics of Tax
Theory and Basis of Taxation Discussion Recitation
Nature of the Power of Taxation
Basic Principles of a Sound Tax
System
Classification of Taxes Analysis of tax Recitation

Taxes Distinguished from
other Terms

Limitations on the Power of
Taxation
Tax Evasion and Tax Avoidance:
Definition and Distinction
7 Kinds of Taxes Under Existing Discussion QUIZ
Laws
Kinds of National Revenue Taxes
Definition of: Income, Income
Tax, Gross Income, and
Taxable Income
Personal and Additional Exercises on the
Exemptions Computation of Individual computations of
Computation of Individual Income Tax Income Tax
Income Tax
Filing of Returns and Payment
of Tax

Definition and Nature of Estate Lecture and Discussion Recitation
And Inheritance Taxes

Definition and Kinds of Donation
or Gift Tax
Tax Imposed on Net Gift
Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 5 of 7


8
Value-added Tax: Definition
and Nature Discussion Recitation
Rates and Bases of the VAT
Overseas Communication Tax
Amusement Tax
Definition and Nature of Excise Discussion QUIZ
Tax
Documentary Stamp Tax
Travel Tax
Energy Tax
Meaning of Land Reform Lecture and Discussion Seatwork
Meaning of Agrarian Reform
Components of Agrarian Reform:
Land Tenure Structure,
Production Structure,
Structure of Supporting
Services
9 Aspects of Agrarian Reform:
Reading of newspapers and
magazines Oral Report
Economic, Socio-cultural
Biblical, Moral, Legal, and
Political
Implementation of Agrarian
Reform
The Philippine Agrarian Problem: Discussion Recitation
A Historico-political Survey
of Agrarian Problems and
Agrarian Legislations

Necessity of Agrarian Reform
in the Philippines Lecture and Discussion QUIZ
Objections to Agrarian Reform
10 Role of the Farmer in Agrarian Discussion Assignment
Reform
Role of the Landlord in Agrarian
Reform
Selected Constitutional Provisions Discussion Recitation
Relevant to Agrarian Reform
The CARP (Comprehensive Lecture and Discussion Recitation
Agrarian Reform Program)
Republic Act No. 6657
Need for CARP
Objectives of the CARP
The CARL (Comprehensive
Agrarian Reform Law)
11 F I N A L E X A M I N A T I O N

Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 6 of 7


10. Course Outcomes and Relationship to Course Objectives/ Program Outcomes

Course Outcomes
A student completing this course should at
the minimum be able to:
Course Objectives Program Outcomes
1 2 3 4 5 6 7 a b c d e f g h i j k
Meaning of demand and supply
Different forms of business
organizations and the social
responsibilities of Management

Definition, importance, and purpose of
taxation

Different filing systems of the various
kinds of national internal revenue taxes

Different aspects of agrarian reform
Necessity of agrarian reform in the
Philippines

Constitutional Provisions relevant to
agrarian reform

Appraise the value of the course.

Analyze and evaluate the prevailing
economic system

Analyze the price system and the
regulatory function of the government.

Understand the explanation of economic
development and growth.

Analyze the limitations on the power of
taxation.

Develop the ability to compute the
individual income tax.

Discriminate insights into the Philippine
agrarian problem.

Develop an appreciation for the
provisions of the Comprehensive
Agrarian Reform Program (CARP)
R.A. No. 6657.




11. Contribution of Course to Meeting the Professional Component:

Engineering topics 10%
General education component -90 %

12. Textbook: Medina, Roberto G., Principles of Economics, Quezon City, Rex Bookstore, 2003

13. Course Evaluation :

The minimum requirement for a passing grade is 60% final grade average from the following:
Quizzes 30 %
Recitation 20 %
Oral Proficiency 10 %
Seatwork/Homework 10 %
Co-curricular Activities 5 %
Midterm Examination 10%
Pre-Final Examination 15%
TOTAL 100 %


Course Title:
General Economics with
Taxation and Land Reform
and Entrepreneurship
Date Effective:

1
st
Qtr
SY2005-2006

Date Revised:

June 30, 2005

Prepared by:

Dr. Nestor N. Asuncion
Approved by:

Prof. Amalia S. Baltazar Page 7 of 7

Aside from academic deficiency, other grounds for a failing grade are:

Cheating during examinations
More than 20 % of the total number of meetings in a quartermester
Failure to take the final examination with no valid excuse.

14. Other References:

a. De Leon, Hector S., Textbook on Agrarian Reform and Taxation (with Cooperatives), 3
rd
Edition,
Quezon City, Rex Bookstore, Inc., 2000.
b. Fajardo, Feliciano R., Economics, Third Edition, Rex Bookstore, Inc., reprinted March 2004.
c. Pagoso, Introductory Economics, Revised Edition, Rex Bookstore, Inc.
d. Nollado, Jose, Principles of Agrarian Reforms, Cooperatives and Taxation, 16
th
and Revised
National Bookstore Inc., 1991.


15. Course Materials Made Available:

Course goals and instructional objectives
Course schedule for lectures and exams
End of course self-assessment report


16. Committee Members:

Prof. Remedios V. Trajano Social Science Cluster leader
Dr. Nestor M. Asuncion Group Leader, General Economics with TLR and Entrepreneurship
Prof. Benigno Agapito Member