Republic of the Philippines

SULTAN KUDARAT STATE UNIVERSITY

College of Arts and Sciences
Tacurong City Campus
Tacurong City, Sultan Kudarat Province
School Year 2014-2015

SYLLABUS

University Vision

A trailblazer in Arts, Science and Technology in the region.

University Mission

The University shall primarily provide advanced instruction and professional training in Science and Technology, Agriculture, Fisheries, Education and other
relevant field of study. It shall undertake research and extension services, and provide progressive leadership in its areas of specialization.

University Goals

To produce graduates with excellence and dignity in arts, science and technology.

University Objectives

Specifically, to;

a. Enhance competency development, commitment, professionalism, unity and true spirit of service for public accountability, transparency and
delivery of quality services;
b. Provide relevant programs and professional trainings that will respond to the development needs of the region;
c. Strengthen local and international collaborations and partnerships for borderless programs;
d. Develop a research culture among faculty and students;
e. Develop and promote environmentally-sound and market-driven knowledge and technologies at par with international standards;
f. Promote research-based information and technologies for sustainable development;
g. Enhance resource generation and mobilization to sustain financial viability of the university.

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Program Objectives and its relationship to University Goals:
Program Objectives (PO) University Goals
The Bachelor of Arts in Social Science major in Economics program aims to produce economists, who can; a b c d e f g
a. Work as economic manager and adviser either in the government or non-government institutions. x x x
b. Manifest entrepreneurial management skills. x x
c. Serve as channel of learning with high sense of professionalism and competency. x x
d. Respond in the promotion of social equity and justice towards sustainable development of the economy. x x x

1. Course Code : Econ 121

2. Course Title : Econometrics
3. Pre-requisite : Econ 117 – Economic Statistics
4. Credit : 3 units
5. Course Description ;
This course introduces the students on the concept of econometrics, literally “economic measurement,” which is the
quantitative measurement and analysis of actual economic and business phenomena. It attempts to quantify economic reality
and bridge the gap between the abstract world of economic theory and the real world of human activity. This will include
describing economic reality, testing hypotheses about economic theory and forecasting future economic activity. Furthermore,
it will focus primarily on one particular econometric approach: single-equation linear regression. Majority of the activities will
thus concentrate on regression analysis, but it is important for every student to remember that regression is only one of many
approaches to econometric quantification.

6. Course Learning Outcomes and Relationships to Program Educational Objectives:

Course Learning Outcomes Program Objectives
At the end of the semester, the students can: a b c d
a. Demonstrate their comprehension on the Vision, Mission, Goals and Objectives of the University. x x
b. Manifest the ability to illustrate the economic system of an economy in a systematic flow of measurable economic activities. x x x
c. Strengthen analytical comprehension on regression analyses and other approaches to econometric quantification. x x x
d. Apply value judgement in pursuit of the attainment of optimum socio-economic welfare and equilibrium. x x

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 7. Course Content
Course Objectives, Topics, Time
Allotment
Topic: SKSU VMGO, Classroom Policies, Course Overview, Course Requirements, Grading System (3 hours)
1.1. Discuss the VMGO of the
University, classroom policies,
scope of the course, course
requirements and grading
system
Topic: Basic Terms in Economics and Econometrics (6 hours)
2.1. Discuss the meaning of
Economics and the basic terms
applied in Economics.
2.2. Differentiate macroeconomics
from microeconomics based on
the circular flow model.
2.3. Discuss the meaning of
Econometrics, its uses and
applications.
2.4. Discuss Linear Regression
Analysis and its relation to
Econometrics.
Outcome-Based
Desired Student Learning Course Program Values
Assessment (OBA) Evidence of Outcomes
Outcomes Objectives Outcomes Integration
Activities
1.1. Students can be aware of Rubric score cards of
and appreciative of the Individual participation in class participation
class discussion and group Value of
University’s VMGO, accomplished by: a d
presentation using a rubric appreciation
classroom policies, course  Professor
overview, requirements to assess quality of  Peer
participation.
and grading system.  Self
2.1. Students can clarify and
distinguish between
economic basic terms
and ordinary usage.
2.2. Students can differentiate
the microeconomics and Presentation of written
macroeconomics. Individual participation in summary and diagram Value of
b b
class discussion. (conceptual map) of the participation
2.3. Students can discuss discussion.
Econometrics, its uses and
applications.
2.4. Students can relate Linear
Regression Analysis to
Econometrics.
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 Outcome-Based
Course Objectives, Topics, Time Desired Student Learning Course Program Values
Assessment (OBA) Evidence of Outcomes
Allotment Outcomes Objectives Outcomes Integration
Activities

Topic: Circular Flow Model of Economic Activities of an Economy – Flow of Expenditures (3 hours)

3.1. Illustrate and discuss the
circular flow model of economic
activities of an economy.
Topic: Market (1 hour)
3.1. Students can define and
Presentation of written
analyze the spending
Individual participation in summary and diagram Value of a good
behavior of different b b
class discussion. (conceptual map) of the model
sectors of the economy.
discussion.
.

4.1. Explain the concept of market. 4.1. Students can analyze the Individual participation in A written summary and
Value of
concept of market. class discussion. schema of the b b
productivity
. discussion.

Topic: Demand (6 hours)

5.1. Explain the concept of

Demand on its economic term.

5.2. Discuss the Non-price Factors

5.0. Students can resolve a
Influencing Demand. Presentation of written
case study on the concept
summary and product
5.3. Explain the Demand Function. of demand and its
Individual participation in (shown in tabular,
functional relationship Value of
class activities both oral and graphical and b c
5.4. Illustrate the Demand Curves. between the different resourcefulness
written. mathemathical
variables in tabular,
5.5. Differentiate the Change in . approaches) of the class
graphical and
Quantity Demanded and activities
mathematical approaches.
Change in Demand.

5.6. Individual versus Market

Demand Curves.

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 Outcome-Based
Course Objectives, Topics, Time Desired Student Learning Course Program Values
Assessment (OBA) Evidence of Outcomes
Allotment Outcomes Objectives Outcomes Integration
Activities
Topic: Supply (6 hours)

6.1. Explain the concept of Supply

on its economic term.
5.0. Students can resolve a
Presentation of written
6.2. Discuss the Non-price Factors case study on the concept
summary and product
Influencing Supply. of supply and its
Individual participation in (shown in tabular,
functional relationship
6.3. Explain the Supply Function. class activities both oral and graphical and b c Value of resiliency
between the different
written. mathemathical
variables in tabular,
6.4. Illustrate the Supply Curves. . approaches) of the class
graphical and
activities.
6.5. Differentiate the Change in mathematical approaches.
Quantity Supplied and
Change in Supply.

Topic: Demand, Supply, and Equilibrium (8 hours)

7.1. Define Equilibrium Price and

Equilibrium Quantity.

7.2. Illustrate Lower-Than-

7.0. Students can resolve a
Equilibrium Prices.
7.3. Illustrate Higher-Than-
Equilibrium Prices.
7.4. Show the Mathematical
Example of Equilibrium.
7.5. Show Changes in Equilibrium
Prices and Quantities.
case study on the concept Presentation of written
of demand, supply and summary and product
equilibrium and its Individual participation in (shown in tabular,
functional relationship class activities both oral and graphical and Value of
b c
Hard work
between the different written. mathemathical
variables in tabular, . approaches) of the class
graphical and activities.
mathematical approaches.

7.6. Show Mathematical Example of

an Equilibrium Change

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 Outcome-Based
Course Objectives, Topics, Time Desired Student Learning Course Program Values
Assessment (OBA) Evidence of Outcomes
Allotment Outcomes Objectives Outcomes Integration
Activities

Topic: Demand Elasticities (9 hours)

8.1. Explain Demand Elasticity.

8.2. Explain Price Elasticity of

Demand.

8.3. Discuss Price Elasticity Values.

8.4. Elasticity and Total Revenue

8.5. Discuss the Determinants of

Price Elasticity of Demand.
8.6. Show Numerical Example of
Elasticity, Prices, and
Revenues. Calculating:
-Arc Price Elasticity, and
-Point Price Elasticity
8.7. Illustrate Vertical and
Horizontal Demand Curves.
8.0. Students can resolve a
case study which would Presentation of written
lead to analytical summary and product
understanding on demand Individual participation in (shown in tabular,
Value of
elasticity that could lead to class activities both oral and graphical and b c
Patience
practical analyses on its written. mathemathical
objective reality i.e. . approaches) of the class
understanding consumer activities.
demand and behavior.

8.8.Show Income and Cross-Price

Elasticities of Demand.

8.9. Discuss and Illustrate the

Budget Constraint

8.10. Discuss and show the

Consumer Maximization
Problem.

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 Outcome-Based
Course Objectives, Topics, Time Desired Student Learning Course Program Values
Assessment (OBA) Evidence of Outcomes
Allotment Outcomes Objectives Outcomes Integration
Activities
Topic: Techniques for Understanding Consumer Demand and Behavior (12 hours)

9.1. Understand the Consumer

Demand and Behavior:
Marketing Approach.

9.1.1. Expert Opinion

9.1.2. Consumer Surveys

9.1.3. Test Marketing and Price

Experiments.

9.1.4. Analysis of Census and Presentation of written

9.0. Students can resolve a
Other Historical Data. summary and product
case study that would lead
Individual participation in (shown in tabular,
to development of better Value of
9.1.5. Unconventional Methods. class activities both oral and graphical and b c
techniques for Competency
written. mathemathical
9.1.6. Evaluating the Methods. understanding consumer
. approaches) of the class
demand and behavior.
activities.
9.2. Understand the Consumer
Demand and Behavior:
Economic Approaches.

9.2.1. Relationship Between

One Dependent and
One Independent
Variable:

Simple Regression
Analysis.

Total: 54 hours

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8. Course Evaluation

Course Requirements:

1. Attendance
2. Face-to-Face class participation with portfolio of materials, such as:
a. 1 piece Short Brown Folder (Bonus)
b. 20 pieces White Intermediate Pad Paper (Star)
c. 40 pieces Graphing Papers (Star)
d. Pencil (Staedtler 2H), Eraser (gum) and Ruler (12”)
e. Photocopies of activities
3. Compilation of classroom activities in the prescribed folder as midterm and final term examinations requirement.
4. Midterm and Final Term Examinations

Grading System:

1. Class Participation - 20% CS - Class Standing (1 & 2)

2. Requirements (class activities) - 30% MTE - Midterm Examination
3. Examination - 50% MTG - Midterm Grade
FTE - Final Term Examination
FTG - Final Term Grade
Transmutation of Grades - 0 – 40 FG - FINAL GRADE

Computation:

MTG = CS + MTE FTG = CS + FTG FG = MTG + FTG

2 2 2

Schedule of Classes and Examination:

 Classes Start - November 13, 2014

 Midterm - January 13, 14, & 15, 2015
 Classes End - March 13, 2015
 Final Term - March 16, 17, & 18, 2015

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References:

Manapat, Carlos L. & Pedrosa, Fernando R. (2014). ECONOMICS, TAXATION, and AGRARIAN REFORM, C & E Publishing Inc., Quezon City.
Farnham, P.G. (2011). Economics for Managers. Second Edition, Pearson Education South Asia Pte. Ltd., Philippine Representative Office.
Viray, Marcelino, Malveda, & Avila-Bato. (2011). MACRO Economics Simplified. First Publication, National Book Store, Mandaluyong City.
Bello, A.L., & et. al. (2009). Economics. C & E Publishing, Inc., Quezon City.
Azarcon, E.R., & et.al...(2008). Principles of Economics. Second Edition, Valencia Educational Supply, Baguio City
McConnell, Campbell R. & Stanley L. Brue. (2008). Economics. Seventeenth Edition, McGraw-Hill Companies, Inc., New York..
Pagoso, C.M., R.P. Dinio & G.A. Villasis. (2006). Introductory Macroeconomics. Revised Edition, Rex Book Store, Manila, Philippines.
Pagoso, C.M., R.P. Dinio & G.A. Villasis. (2006). Introductory Microeconomics. Third Edition, Rex Book Store, Manila, Philippines.
Studenmund, A.H. (2001). USING ECONOMETRICS. Fourth Edition, Addison Wesley Longman, Inc. Printed in the United States.

Prepared by: Reviewed by:

ENRIQUE D. GONZALES, JR. MARY GRACE F. SANQUE, MS LOVINA P. COGOLLO, MMEM

Instructor Department Chairperson – Economics Department Chairperson – Entrepreneurial Management

Recommending Approval: Approved:

GENOVEVA B. PAUYA, Ph.D. REYNALDO H. DALAYAP, JR., Ph.D.

Dean – Tacurong City Campus Director – Tacurong City Campus