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DMC COLLEGE FOUNDATION

DIPOLOG CITY
CURRICULUM PACING GUIDE

I. GENERAL DESCRIPTION

Subject: INTRODUCTION TO MICRO ECONOMICS THEORY AND POLICY WITH TAXATION AND LAND REFORM
Credit: 3 units

II. COURSE DESCRIPTION

This subject uses the tools of basic economics and some empirical analysis to study the Philippine economy and the whole world. The principal goal is to
become proficient in evaluating empirical analysis and in applying economic reasoning concerning the entire economy. In particular, the subject focuses
on how market functions what society can do to improve peoples living standards.

III. GENERAL OBJECTIVES

This subject is designed to help the student understand the factors that influence the demand and supply of the total goods and services in the Philippine
economy, analyze public policy alternatives in attempting to achieve cost containment, quality and access in the different public and private programs
and to understand how the subject can contribute to a more prosperous world. In addition, the subject also aims to help the students understands the basic
laws of taxation as well the program on land reform.
By the end of this course, students should be able to:
a. Understand basic concepts of supply and demand of goods and services.
b. Apply techniques that may be helpful to issues related the production and distribution of various goods and services.
c. Understand and explain economics as a science and as a subject matter
d. Identify different forms of taxes in the Philippines
e. Understand the role of economic incentives, competition, and regulation of the functioning of the different sectors in the economy
f. Explain the land reform programs

IV. GRADING SYSTEM


Major exam: 40% Quizzes: 30%
Activities/Projects/Assignments: 20% Attendance: 10%
TOTAL: 100% Prepared by: MR. MARKWENDELL CABUGNASON, RN
Coordinator-School of Business

DATE TOPIC OBJECTIVE TEACHING TIME EVALUATION REFERENCES


STRATEGY FRAME
(number of
hours)
June 15 Orientation of the subject After completing this term, the Lecture Discussion 1.5 Quizzes Economics by: Paul
Introductory concepts: students will be able to: Assignment Oral Recitation Samuelson and William
a. understand and explain the Case Studies Graded case analysis Nordhaus
basics of supply and Power point Long exams
demand presentation Term exams
b. explain economics and the One-on-one question
factors the supply and and answer
demand Debate
c. discuss the rationale of the Internet:
study of economics as a www.google.com
discipline www.yahoo.com
June 17 The fundamentals of 1.5
economics
Scarcity and efficiency
Micro and
macroeconomics
June 22 Three problems of 1.5
economics organization
Input and output
The production-possibility
frontier
Opportunity cost
June 24 Definition of market 1.5
Trade, money, capital
Basic elements of supply
and demand
The supply and demand
schedule
Equilibrium of supply and
demand
Factors affecting the
demand curve
Factors affecting the
supply curve
Market equilibrium
Different types of market
organization
June 29 Application of supply and 1.5
demand
Elasticity of demand and
supply
July1 Demand and Consumer 1.5
behavior
Choice and utility theory
Marginal utility
Law of diminishing
marginal utility
July 6 Business organizations 1.5
The nature of the firm
Individual proprietorship
Partnership
Corporation
July 8 Different types of cost 1.5
Total cost
Fixed cost
Variable cost
Marginal
Cost
July 13 The basics of economic 1.5
costs and fundamentals of
accounting
The income statement
Balance sheet
Statement of profits and
loss
July 15 Opportunity costs and 1.5
markets
Review
July 20 PRELIM EXAM
July 22 Rationalization 1.5
July 27 Introduction to perfectly After completing this term, the 1.5
competitive markets students will be able to:
Overview on analysis of a. discuss the differences
perfectly competitive between perfect and
markets imperfect competition
market
b. explain income and its role
in economic activity
c. understand uncertainty and
game theory and its
application
July 29 Introduction to imperfect 1.5
competition and its polar
case of monopoly
Definition of imperfect
competition
Varieties of imperfect
competitors
Aug 3 Oligopoly and 1.5
monopolistic competition
Measures of market power
The nature of imperfect
competition
Aug 5 Uncertainty theory 1.5
Economics of risk and
uncertainty
Speculation
Arbitrage
Shedding
Insurance and risk
spreading
Aug 10 Basic concepts of game 1.5
theory
Aug 12 Income and wealth 1.5
Factor incomes vs.
personal incomes
Aug 17 Overview of the 1.5
distribution of the national
income
Review
Aug 19 MIDTERM EXAM
Aug 24 Rationalization
Aug 31 The labor market After completing this term, the 1.5
Fundamentals of wage students will be able to:
determination a. understand market and
Economics of labor unions government interventions
among the labor union
b. explain concepts related to
international trading
c. explain the fundamentals
of environmental
economics
Sept 2 Discrimination by wage 1.5
and gender
Sept 7 The nature of international 1.5
trade
International vs. domestic
trade
The sources of
international trade in goods
and services
Sept9 Government expenditures 1.5
The economic function of
the government
Cultural and technological
impacts
Sept 14 Protecting the environment 1.5
Population and resource
limitations
Natural resource
economics
Environmental Economics
Sept 16 Review 1.5
Sept 21 SEMIFINAL EXAM
Sept 23 Rationalization 1.5
Sept 28 The challenge of economic After completing this term, the 1.5
development student shall be able to:
Economic growth in poor a. understand the key
countries concepts in taxation
Aspects of a developing b. understand the major
country provisions of the national
land reform program
c. explain the economic
effects of globalization
particularly on the health
care sector
Sept 30 Inflation 1.5
Definition and impact of
inflation
The history of inflation
Three strains of inflation
Anticipated vs.
unanticipated inflation
The economic impacts of
inflation
Oct 5 Taxation and tax 1.5
administration
Definition of taxation
Characteristic of taxation
Classification of taxes
Definition of different
kinds of taxes
Oct 7 Limitation on the power of 1.5
taxation
The evasion and tax
avoidance
Oct 12 Globalization 1.5
Definition of terms
Factors to consider
Land and agrarian reform
Land tenure structure
Production structure
Oct 14 Review 1.5
Oct 19 FINAL EXAM