IMUS INSTITUTE

COLLEGE DEPARTMENT
1st Semester 2013 - 2014
I.

COURSE NUMBER

EC205

II.

COURSE TITLE

MICROECONOMICS (THEORY & PRACTICE)

III.

COURSE CREDIT

3 (units)

IV.

PRE REQUESITE

None

V.

BRIEF DESCRIPTION

The course provide a working knowledge in Microeconomics (Theory & Practice).

VI.

GENERAL OBJECTIVES

At the end of the course, the students are expected to:

A.

B.

C.

COGNITIVE:
1.
Perform basic concepts and theories in economics.
2.
Apply its concepts and theories in the globally competitive world.
3.
Formulate strategy and prepare individual income tax return.
AFFECTIVE:
1.
Appreciate and value the importance of the study of economics with taxation and land reform..
2.
Develop the values of accuracy, neatness, patience, courage, honesty, cooperation, critical and analytical thinking and reasoning.
3.
Realize the importance of the concept, theories and principles in the study of Introduction to Economics..
PSYCHOMOTOR
1.
Used the learned knowledge is this course for their academic excellence.
2.
Transform such learned knowledge of theory, concepts, principles, and application for the common good and for being better citizens in the future.

VIII. SPECIFIC OBJECTIVES

LEARNING STANDARD/

CONTENT

TIME

VALUES

TEACHING

PERFORMANCE

ASSESSMENT

COMPETENCIES
* Explain the Mission/Vision
Statement of the Institute.
* Discuss the Rules and
Regulations as well as the
School policy.

FRAME
General orientation, - Explain course outline
and description.
- Solicit suggestions and
expectation from students
regarding the teaching
strategies and the output
after completing the
course.
I. Basic Concepts

* Introduction to its basic

concepts.
* Identify the basic concepts,
theories.
* History of Economics

* Identify the three basic

economic problems
* Learned the Economic
Systems
* Identify the three ISMS
* Identify the Law of Scarcity

* Build a sense of
patience in the
appreciation of different
concepts and meanings.
2

4
* Establish Sense of
Cooperation during class
Board Work and
Exercises

*Students are asked

their knowledge on
the Economics.
Review of the their
High School
Economics.

* Establish Sense of
Cooperation during class
Board Work and
Exercises

* Board work /
Recitation to
establish whether the
students understand
the theory and
concepts.

i. The three basic

economic problems
ii. The Economic System
iii. The three ISMS
iv.The Law of Scarcity

*Lecture/
Discussions
III. Elements of
Demand and
Supply
* Identify the Determinants
of Demand and Supply

i. Determinants of
Demand

TASK
* Students are able to
explain and understand
the concept of theories,
including the history of
economics.

* Seatwork

i. Introduction
a. Goals of Economics
b. Economics as related
to other Social Science
c. Historical
Background of
Economics
d. Economic Thought
II. The Economic
System

STRATEGIES

TOOLS
* Quizzes
* Assignments

* Solve problem involving the

Law of Supply and Demand
* Plot the linear equation of
the Supply and Demand
Schedule

ii. Demand Schedule

iii. Demand Curve
iv. Law of Demand
v. Demand Function
vi. Determinants of
Supply
vii. Demand Schedule
viii Supply Curve
ix. Law of Supply

Prelim Examination
B. Midterm

IV. Concept of
Elasticity

3
*Students are asked
to explain and
discuss the review
questions from the
book.

*Identify elastic, inelastic, and i. Type of Elasticity

unitary elasticity
ii. Price Elasticity
* Determine the Income
a. Price elasticity of
elasticity of Supply and
demand
Demand.
b. Classification of
* Determine the Cross
Price Elasticity
Elasticity
c. Determinants of
Price Elasticity
V. Agrarian Reform
* Students should be able to
discuss the Agrarian Reform
in the Philippines.
* To analyze the Principles of
Agrarian Reform Program.
* Identify the coverage of the
Agrarian Reform in the
Philippines.

i. Agrarian Reform in the

Philippines
ii. Principles of Agrarian
Reform
iii. Coverage of Agrarian
Reform

* Build a sense of
patience in the
appreciation of different
concepts and meanings.
12

* Establish Sense of
Cooperation during class
Board Work and
Exercises

* Recitation to
establish whether the
students understand
the theory and ints
application.
*Lecture/
Discussions
* Discussions.

* Problem
Solving
* Problem Solving are
asked to students to be
able to measure their
understanding on the
theorem and its
applications.

*Quizzes
* Board Work
* Seatwork

Midterm Examinations
C. Finals
* Identify how the land
acquire thru the Land Reform
Program in the Philippines.
* Identify the kinds of teants
and their examples.
* How Land Distribution is
undertaken under CARP.

* Identify the different taxes

in the Philippines.
* Solve problems involving
taxation.
* Identification of the
classification of taxes in the
Philippines.

iv. Procedure of Land

Acquisition
v. Kinds of Tenants
Practice
vi. Land Distribution of
CARP

VI. Taxation

14

i. Definition of Taxation
ii. Concept of Taxation
iii. Principles and
Theories of Taxation
iv. Essential
Characteristics of Tax
v. Significance of
Taxation
vi. Income Taxation
vii. Classification of
Income Tax
viii. Computation of
Income Tax
ix. Basic Personal
Exemption

*Students are asked

to answer review
questions from the
Book.
* Build a sense of
patience in the
appreciation of different
concepts and meanings.
* Establish Sense of
Cooperation during class
Board Work and
Exercises

* Board work /
Recitation to
establish whether the
students understand
the theory and ints
application.
*Lecture/
Discussions
*Board Work
Discussions.

Final Examination

* Problem Solving are

asked to students to be
able to measure their
understanding on the
theorem and its
applications.

* Problem
Solving
*Quizzes
* Board Work
* Seatwork

VIII. BIBLIOGRAPHY:
TEXTBOOK:
ECONOMICS Its Concepts and Principles (with Agrarian Reform and Taxation), Gabay et. Al. Manila, Philippines, Rex Bookstore, 2007
Other References
Fajardo, Feliciano and M. Manansala. Money, Credit and Banking, Manila: National Book Store, 1993
Pagoso, Cristobal, Philippine Economics (Macro Approach). Nelson Abeleda Publishing, 1989.
Samuelson, P. A. , Economics, New York: McGraw Hill Book Company, 1976

IX.

COURSE POLICIES
1. Observe strictly the pertinent and department policies
2. Regular attendance is expected of every student; in case of failure to attend the class due to unavoidable circumstances whether personal or official, the student
concerned is responsible to making up for any lesson and activity missed. Furthermore, he/she should secure a medical certificate or an excuse letter from the
parent / guardian.
3. Report to class on time and stay during the entire class session.
4. Active participation from the student is expected.
5. In-class activities must be accomplished in class as scheduled.
6. Extended out-of-class assignment must be encoded.
7. Observe course calendar particularly for the scheduled submission of projects.
8. Feel free to consult with the professor regarding problems in assigned tasks. Refer to the professors consultation hour.
9. Intellectual and academic honesty is expected of everyone. Properly acknowledge all sources of information used in student papers.
10. THE USE OF CELLPHONES IS NOT ALLOWED INSIDE THE CLASSROOM.

X.

COMPUTATION OF GRADES:
Prelim Period

30%
30%
40%

Class Standing (assignment, class participation, seatwork, uniform, ID)

Quiz (written or oral)
Major Exam (Prelim)

Midterm Period

30%
30%
40%

Class Standing (assignment, class participation, seatwork, uniform, ID)

Quiz (written or oral)
Major Exam (Midterm)

Pre-Final Period

30%
30%
40%

Class Standing (assignment, class participation, seatwork, uniform, ID)

Quiz (written or oral)
Major Exam (Final)

Final Grade

30%
30%
40%

Prelim Grade
Midterm Grade
Final Grade

Submitted by:

Submitted to:

Eulogio T. Catalan, Jr,

Instructor

Dr. Concepcion C. Libuit, Ph.D.

Dean, College of Education And G.E.C.