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Intramuros, Manila College of Business Administration and Accountancy Economics Area First Semester, School Year 2007-2008 I. II. III. IV. Course Code Course Title Course Credit Course escri!tion : Econ101 : PRINCIPLES OF ECONO ICS !it" #LR : $ units : This course !ro"ides a com!rehensi"e co"era#e o$ all ma%or to!ics in economics. &ttention is #i"en to esta'lish student(s understandin# o$ )e* economic !rinci!les +ith !articular em!hasis on the ,hil. -conomic s*stem, its #ro+th and de"elo!ment. The course co"ers the $oundation o$ economics, demand and su!!l* anal*sis, the conce!t o$ elasticit*, the theor* o$ !roduction and the $undamental conce!t o$ micro and macroeconomics +ith the use o$ sim!le #ra!hical and mathematical illustration. .i)e+ise, the course in"ol"es to!ics on ta/ation and a#rarian re$orm +ith discussion on issues and !ro'lems related to its im!lementation. : Students are !ro"ided +ith clear e/!osition and anal*sis o$ the !rinci!les o$ economics, $ocusin# on the core theories and a!!lications o$ the su'%ect. Thus, attention is #i"en to esta'lish student(s understandin# o$ )e* economic !rinci!les, and then illustrate each o$ these !rinci!les +ith rele"ant a!!lications. : : &t the end o$ the course, the students are e/!ected to ha"e a!!reciated the $undamental conce!ts o$ economics, and its a!!lication not onl* to a 'roader treatment, 'ut also to !ersonal e/!loits as +ell, !er$ormed tas) 'ased on the $undamentals o$ economics and ha"e related the 'asic economics conce!ts in "ie+ o$ the current economic !ro'lems.
V.
Course 0ationale
VI.
: &t the end o$ the semester, the students should 'e a'le to: : : emonstrate ho+ a mar)et is dri"en '* indi"idual decision5 -/!lain ho+ a 'usiness o!erates, and the di$$erent t*!es o$ or#ani6ations. 7tili6es a!!ro!riate economic conce!ts and !rinci!les in e"aluatin# economic !ro'lems, issues and other related economic concerns &!!reciate the im!ortance o$ economics as an indis!ensa'le tool $or their course. 1!erate di$$erent e9uation in economics 2ra!h "arious e9uations
2. &$$ecti"e
8. ,s*chomotor
VII. Course 1utline S%ecific O&'ecti(es -/!lain the do(s and don(ts in the classroom durin# the semester. iscuss the $oundation o$ economics. Su&'ect
1rientation
atter
E(aluation 1'ser"ation
<ature o$ -conomics e$inition o$ -conomics -conomic Structure 3ranches o$ -conomics -conomic &cti"ities -conomics S*stems Circular $lo+ o$ economic acti"ities ,roduction !ossi'ilities cur"e emand and Su!!l* &nal*sis Function Schedule Cur"es eterminants
0e$erence 'oo)s >ui6 and Te/t'oo)s 0ecitation 3oo)s = Visual ;ome+or) &ids
!rice and 9uantit*. &nal*6e the chan#es in demand and su!!l* iscuss the conce!ts o$ elasticit* and its a!!lication and com!ute $or the "alues. Inter!ret the results o$ elasticit* -/!lain ho+ 'usiness attains !ro$it or losses throu#h economic "ie+!oint. 2ra!h the di$$erent out!uts and determine the sta#es o$ !roduction. The !rice elasticit* o$ demand and su!!l* e$inition T*!es Formula and com!utation &ttenti"eness, care$ulness, and accurac* .ectures ,ro'lem Sol"in# 3oard +or)s iscussion 0e$erence 'oo)s= te/t'oo)s 3oard +or), seat+or), 9ui6 and recitation Ath ? Bth +ee)s Com!ute the !ercenta#e res!onse o$ 'u*ers and sellers to !rice chan#es.
The Theor* o$ ,roduction e$inition o$ terms Formula and com!utation o$ !roducts .a+ o$ iminishin# 0eturns Sta#es o$ ,roduction
.ecture= discussion
Cth +ee)
Identi$* the t*!es o$ mar)et throu#h #ra!hical, and mathematical inter!retations &+areness o$ students on the utili6ation o$ resources $or economic de"elo!ment and #ro+th
Community ,roduction D Cost Ser(ice 0elationshi!s Integration -na'le the students to utili6e resources +isel* and economicall* $or sustaina'le $uture &!!l* the )no+led#e ac9uired '* the students to ado!ted communit*. Introduce the measurement o$ economic !er$ormance T*!es o$ mar)et structure
2ra!hical Illustrations
0ecitation
40th +ee)
3oard :or)
1;,
.on# >ui6
44th ? 42th &c9uire master* +ee)s in the com!utation o$ di$$erent )inds o$ cost in relation to !roduction.
I+#ER
E,A INA#ION
Im!ortance o$ lin)a#e
48th +ee)
-nthusiastic to com!ute the a##re#ate su!!l* and demand and relate it to the real economic situation o$ the countr*. etermination o$ socio-economic solutions to unem!lo*ment !ro'lems and cur'in# in$lation.
,romote #enuine human de"elo!ment at the center o$ socioeconomic chan#e and de!ression. Introduce the conce!ts o$ ta/ation
4@th +ee)
>ui6 ? 0ecitation
4Ath :ee)
0eco#ni6e the im!ortance o$ ta/ation in the o!eration o$ #o"ernment and the econom*. Su'mit a reaction !a!er a'out the ,hili!!ine monetar*
Monetar* ,olicies e$ine mone* and its characteristics Conce!ts 2o"ernment ,ro#rams
0ecitation
4Bth +ee)
monetar* s*stem. Community Ser(ice Integration To ena'le the students to anal*6e the !ro'lems, !ros!ects o$ a#rarian re$orm as a tool $or economic de"elo!ment $or the ado!ted communit*. &#rarian 0e$orm e$inition Conce!ts ,ro'lems ,ros!ects and issues C&0, 3asic ,ro"isions
lin)a#e ;onest* Inte#rit* Values o$ $airness Inde!endence Sel$ 0eliance .ectures iscussion 0e$erence 'oo)s >ui6 = 0ecitation 47th +ee)
s*stem. Internali6e the si#ni$icance o$ a#rarian re$orm !ro#ram as the 'ac)'one o$ economic reco"er*.
0ecitation iscussion
48th +ee)
: Midterm 2rade: Class Standin# >ui66es Mid-term -/ams 80E 80E @0E 400E ,re-$inal 2rade: Class Standin# >ui66es Mid-term -/ams 80E 80E @0E 400E
Final -rade . / id0term -rade 1 Pre0Final -rade2 3 4 IF. 0e$erences: Main 0e$erences: 1ther 0e$erences:
Ville#as, 3ernardo M. and Victor &. &'ola, 3asic -conomics, 7&&,, c200@ ,a#oso, Cristo'al M., Manuel, ela Cru6 M.,rinci!les o$ -conomics. 0i6al: <elson ,u'lication, 200@ Fran), 0o'ert ;. ,rinci!les o$ -conomics. 31ST1<: Ir+in Mc2ra+-;ill, 2004. Man)i+, 2re#or* <. ,rinci!les o$ -conomics. Forth :orth: r*den ,ress, c4CC8. Miranda, 2re#orio S. Introductor* -conomics. Manila: . ? 2 3usiness ;ouse, 2004. 1( Sulli"an, &rthur. -conomics: ,rinci!les and Tools. <e+ Gerse*: ,rentice ;all, 4CC8. Samuelson, ,aul &., <ordhaus, :illiam . -conomics. 3oston: Ir+in, c4CC8. Sla"in, Ste!hen .. -conomics. Chica#o: Ir+in, 4CCB. Mc &leece, ermot. -conomics $or 3usiness. 2reat 3ritain: ,rentice ;all, 2004 htt!:==+illiam-)in#.+++.dre/el.edu=to!=!rin=t/t=-coToC.html - ,rinci!les o$ -conomics htt!:==+++.mises.or#=ete/ts=men#er=!rinci!les.as! - ,rinci!les o$ -conomics htt!:==mason.#mu.edu=Htlidderd=men#er= - ,rinci!les o$ -conomics '* Carl Mer#er
1nline 0e$erences: