UNIVERSITY OF THE PHILIPPINES VISAYAS

TACLOBAN COLLEGE
DIVISION OF SOCIAL SCIENCES
Magsaysay Blvd., Tacloban City
Tel. No. 832-2939 or Tel. Fax. 325-5108
E-mail: dss_upvtc@yahoo.com

Course Syllabus

COURSE NUMBER : Economics 11 PREPARED BY : Anita G. Cular, DBA

COURSE TITLE : Introduction to Economics

COURSE CREDIT : 3.0 Units CONSULTATION

HOURS : 4-5:30MTH 2:30-4 TF
1-2:30 MTH DM 13
10-11:30 TF AS 23 MOBILE
09194983179
NUMBER:
CLASS SCHEDULE : 1 2:30 TF DM13

COURSE Basic Principles, Economic E-MAIL

anita_cular@yahoo.com
DESCRIPTION: Institutions, the national ADDRESS:
Economy in Developing Setting

COURSE GOALS :
1. As an Appreciation Course, Economics 11 aims to provide the students with an overview of
Economics in its entirety.
2. To inculcate upon the students the basic principles that ought to be remembered as they go through
in their studies of Economics.
3. To equip the students with an integrated framework of analysis that aims to guide them in
addressing current economic issues.
COURSE
COURSE OBJECTIVES TOPICS REFERENCES
SCHEDULE

1. The students must be able to relate A. Basic Economic Concepts Paul Samuelson
economics to the real world based on and William
a day-to-day experience Scope and nature of Nordhaus.
2. The students must be able to economics( scarcity, Economics
Week 1
determine the present economic choices, opportunity cost, Ross D. Eckert and
system given the different criteria in PPF) Richard H.
judging a good economic system Basic Economic Leftwich.
3. The students must be able to problems The Price System
internalize how basic economic Economic System and Resource
problems are solved/decided Models Allocation
Criteria in Judging a Case Fair.
Good Economic System Economics

1. The students must be able to B. Microeconomics

recommend other possible
determinants of demand, supply and Demand, Supply and
Week 2
elasticity aside from those mentioned Case Fair.
elasticity Concepts
in the books Economics
2. The students must be able to Determinants of
appraise whether the Law of Demand Paul Samuelson
Demand, Supply and
and Supply holds true at all times if and William
Elasticity
applied in a day-to-day situations. Nordhaus.
Law of Demand
Economics
 Law of Supply
Law of Supply and
Demand Gerardo Sicat,
Types of Elasticity of Economics
Demand and Supply
Paul Samuelson
1. The students must be able to explain Theory on Consumers and William
the underlying reasons behind the and Producers Behavior Nordhaus.
differences between the consumers Theory on Economics
and producers behaviors/attitudes. Consumers Behavior
Law of the Feliciano Fajardo.
2. The students must be able to Diminishing Economics
actualize the theories learned Marginal utility
especially so in the Indifference Curves Ross D. Eckert and
Week 3 management/operation of ones own Budget Line Richard H.
business. Theory on Producers Leftwich.
Behavior The Price System
Law of the Diminishing and Resource
Returns Allocation
Isoquant
Isocost Case Fair.
Economics
Theory of Production and
Costs

Factors of Production
Production function
Economic Costs
Revenue
TR-TC Approach
MR-MC Approach

WEEK 4 1. The students must be able to Market Structures

characterize the different market
Paul Samuelson
structures Perfect Competition
2. The students must be able to and William
Pure monopoly
categorize all/some of the Nordhaus.
Oligopoly
establishments within the Economics
Monopolistic
locality/economy as to what type of Competition
market structure these establishments Case Fair.
fall. Economics

Macroeconomics
Overview of
1. The students must be able to assess macroeconomics and
the current economic condition of the National Income
Philippines given all the Accounting
WEEK 5 macroeconomic variables/indicators.
2. The students must be able to Macroeconomic goals Paul Samuelson
integrate the roles of all the actors in Macroeconomic and William
the economy variables Nordhaus.
3. The students must be able to assess Circular Flow Diagram Economics
whether GNP as an economic Approaches to GNP
indicator is the best economic tool accounting
that measures economic Money and Real Value Case Fair.
 development. of Output, Deflator Economics
Issues of GNP
Accounting

3.The students must be able to itemize Unemployment

the possible effects of
WEEK 6 unemployment to the overall Types of
performance of the economy Unemployment
4. The students must be able to Effects of
determine the effects of inflation to the Unemployment
economy as a whole Theories of
Unemployment
Inflation
Types of Inflation
Effects of Inflation

Week 7 . 1. They must be able to evaluate how Paul Samuelson

government spending and taxation and William
affect National Income Nordhaus.
the economic activity of a Determination Economics
certain country. Consumption
2. The students must be able to compute Investment
the value of income and Government Spending Case Fair.
spending(AS/AD) of the economy. Multiplier Effect Economics
Taxation

Paul Samuelson
WEEK 8 1. The students must be able to evaluate C. Money, Banking and and William
the possible economic impact if there is Credit Nordhaus.
an oversupply or undersupply of money Economics
in the economy. Functions of Money
2. They must be able to comprehend the Development of Money
different Money Supply Case Fair.
functions of money Monetary Theory Economics

3. They students must be able to Banking System

appreciate the role of Bases of Credit
WEEK 9 banking system in the Advantages and
progress of the economy. Disadvantages of a Credit
4. The must be able to critique the role Economy
of credit system in the economy

1. The students must be able to identify

the t the Comparative Advantage of the D. International Trade
Philippines in terms of its International
Trade Relationship with other countries. Economic Basis for
WEEK 10
2. They must be able assess the International trade
international trade transactions of the Theories of International
economy. Trade
3. They must be able to calculate the Balance of Payments
balance of payment of our economy
Week 11 4. The students must be able to explain
the impact of the foreign exchange Foreign Exchange
 fluctuations in the economy. Market
5. Find out the current and existing
international trade International trade
Policies of the Philippines Policies

1. Compare and contrast the economic Paul Samuelson

conditions of both First and Third World Economic Development and William
Week 12
Countries Nordhaus.
2. Assess whether the Philippines Stages of Economic Economics
already attains real economic Development
development Classification of Feliciano Fajardo.
Countries Economics

Case Fair.
Economics

TEACHING METHODS AND STRATEGIES :

1. Presentation

The class will be divided into groups and that topics will be assigned to them. The presenters are expected to
present the assigned topics in a creative manner. Reading the topic all throughout the period is a manifestation of non-
mastery, thus permissively not allowed. The objective of this presentation is to encourage students to talk in front of the
class, build their confidence as well as hone their communication skills.

2. Lecture Demonstration

This method will be resorted to simply to clarify some matters which were not clearly discussed by the
presenters.

3. Group work

Students will be divided into groups. An activity will be assigned to them. After which, they will be required
to present before the class their output.

4. Workshops / Seminars

Students will be required to organize a symposium/seminar by inviting resource speakers as part of their class
requirement.

5. Research Works

Students will be divided into groups. Each group should submit their proposed topics. Once a particular topic
is approved, they may proceed in conducting their research activities.

6. Film Showing.

Students should propose a certain film/movie which is relevant to the subject matter.

7. Quizzes

A quiz will be given prior or after the discussion of a topic.

CLASS ACTIVITIES

CLASS ACTIVITY POINTS

1. Presentation 20%
Students will be grouped on the first day of classes and topics will be assigned to them. They
should present the topics as much as possible in a very creative manner without however,
sacrificing the substantial content of the subject matter. Thus, reading the contents of the
presentation all throughout the period is not recommended. Mastery of the topic is a must.
Everyone is encouraged to participate in the discussion/open forum.

.
2. Class project/Field Report / Term Papers

15%
Students will be required to do research works. They may go to the community to gather the
necessary data as well as utilize the resources in the library. Requirements not submitted on
time will no longer be accepted. Grading system on the class project will depend on the
involvement of each member of the group, a criteria listed below will be followed.

Criteria of Grading You r Group Project

Content 60 points
Presentation 15 points
Over-all appearance 15 points
Group member-Evaluation 10 points

3. Quiz

15%
Quiz will be given at any point in time. This is to evaluate whether the student had read the
lesson before coming to class or understood previous lessons.
4. Examinations

50%
Four major examinations will be given for the whole semester. Passing mark is 60% or for a
50 items exam, one must get 30 points to get a passing mark. Any form of cheating is
vehemently abhorred. Anybody caught cheating will automatically be graded 5.0 for the
subject.
Grades will be allocated based on the points earned:

1.0 = 50-49 2.25 = 38-36

1.25 = 48-47 2.50 = 35-33

1.50 = 46-44 2.75 = 32-31
1.75 = 43-41 3.00 = 30
2.00 = 40-39 4.00 = 29-26
1.0 = 50-49 5.0 = 25 and below