Principles of Economics
Principles of Economics
Balanga Campus
COURSE SYLLABUS
SECOND SEMESTER AY 2018 - 2019
COURSE INFORMATION
Program: BACHELOR OF SECONDARY (ENGLISH )
Course Code: SSCI 111B
Course Title: PRINCIPLES OF ECONOMICS WITH TAXATION AND AGRARIAN REFORM
Course Description: The course presents a general background of economics, the interaction of its various elements and its effect in general to people’s lives. It also includes a
general background of the laws of taxation and land reform.
Credit Unit: 3 UNITS
Pre-requisite: NONE
Co-requisite: NONE
Schedule 10:30 – 12:00, MW, Rm. D-130
Term & Academic Year 2nd Semester, AY 2018-2019
University Vision A leading university in the Philippines recognized by its proactive contribution to sustainable development through equitable and inclusive programs and
services by 2030
(Nangungunang pamantasan sa Pilipinas na kinikilala sa maagap nap ag aambag sa Pagpapanatiling Pag-unlad sa pamamagitan ng mga karampatan at
pinagsamang program at serbisyo at sa taong 2030)
University Mission To develop competitive graduates and empowered community members by providing relevant, innovative and transformative knowledge, research, extension
and production programs and services through progressive enhancements of its human resources capabilities and institutional mechanisms.
(Makalinang ng mga magsipagtapos na nakikipagtagisan at sa mga mamamayang pinalakas sa pamamagitan ng pagbibigay ng program at serbisyong
pangkaalaman, pananaliksik, ekstensyon at produksyon na may katuturan, makabago at transpormatibo gamit ang progresibong pagpapahusay ng mga kawani at
institusyunoal na mekanismo.)
Quality Policy Bataan Peninsula State University commits itself to providing only the best to its stakeholders by:
Building a culture of quality in all core functions of the University
Providing responsive, relevant, innovative and transformative academic, research, extension and production, services to all stakeholders
Sustaining the University’s nationally and internationally recognized standards through adherence to statutory and regulatory requirements and continual
LEARNING PLAN
In order to achieve the outcomes of this course, learners will go through this learning plan:
Economics with
Taxation and
AR: (A Modern
Approach)
McEachern,
William A.
(2006).
Economics: A
Contemporary
Introduction.
Understand Illustrate how the Appreciate the
Week 2 basic economic problem of contributions of Bermudez, Neil
Day 2 processes. scarcity leads to different C. (2015)
III. The Economic
Comprehend fundamental economic Economics with
System
the processes problems that systems and Carp and
of production, economic; sectors in the Taxation
A.The Three Basic
distribution development
Economic
and national Pagoso,
Problems Graded
consumption. economy. Cristobal, et. al.
B.The Economic Lecture Recitation
CO 1, (2008)
System Class Discussion
CO2 Fundamentals of Handouts 1.5
C.Capitalism, Assignment Seatwork
CO3, Economics with Textbook hours
Communism and Open forum Written
CO4 Taxation and
Socialism Problem Solving Exam
AR: (A Modern
D.The Circular
Approach)
Flow of Economy
E. Production
McEachern,
Possibility
William A.
Frontier
(2006).
Economics: A
Contemporary
Introduction.
McEachern,
William A.
(2006).
Economics: A
Contemporary
Introduction.
to classify the To learn to Understand and V. Elasticity of Lectures Textbook Quizzes 3 hours
Week 4 different types compute the appreciate how Demand and Supply Bermudez, Neil Recitation materials: Recitations
Day 1 & 2 CO1, of demand price, cross, and price of goods C. (2015) Assignment handouts Graph
CO2, elasticity. income elasticity. and services is A. The Price Economics with Problem Solving newspaper Activity
CO4 determined. Elasticity of Carp and Graphical articles Seatwork
Demand Taxation Analysis
B. The Income
Elasticity of Pagoso,
Demand Cristobal, et. al.
C. The Price (2008)
Elasticity of Fundamentals of
Economics with
Taxation and
AR: (A Modern
Approach)
Supply
McEachern,
William A.
(2006).
Economics: A
Contemporary
Introduction.
To learn to To learn to To internalize the
distinguish compute marginal concept of Law of Bermudez, Neil
marginal utility utility and draw Diminishing C. (2015)
from total the movement of Marginal Utility. Economics with
utility. MU and TU Carp and
curves. Taxation
VI. The Basis of
Choice: Utility Pagoso,
Cristobal, et. al. Lectures Quizzes
A. Law of Marginal (2008) Recitations Recitations
Utility Fundamentals of Problem Solving Handouts Graph
Week 5 CO1,
B. Relationship of Economics with Graphical Textbook Activity
Day 1 & 2 CO2,
Total and Taxation and Analysis Seatwork
CO4
Marginal Utility AR: (A Modern
3 hours
C. Cardinal and Approach)
Ordinal Utility
McEachern,
William A.
(2006).
Economics: A
Contemporary
Introduction.
To understand To realize the XIV. General Bermudez, Neil Lectures Textbook Group 3 hours
Week 15 basic concepts Discuss the value of taxation Principles of C. (2015) Recitations materials: Reporting
To be familiar Learn how to Develop a sense XV. Double Bermudez, Neil Lectures Textbook Group
Week 16 CO1 with the basic compute income of nationalism by Taxation and Tax C. (2015) Recitations materials: Reporting
Day 2 CO3 components in tax being productive Exemptions Economics with handouts
CO4 a tax system and good member A. Kinds of Double Carp and newspaper Seatwork
like exemption of society by Exemptions Taxation articles Written 3 hours
Week 17 and avoidance. fulfilling one’s B. Kinds of Tax Exam
Day 1 To understand duty to the state. Exemptions Pagoso,
Income C. Income Taxation Cristobal, et. al.
Taxation and (2008)
its processes. Fundamentals of
To realize the Economics with
importance and Taxation and
necessity of AR: (A Modern
land reform as Approach)
means of
pursuing social
justice.
Discuss the Apprciate and XVI. Land Reform
To understand importance learn to practive A. Agrarian Reform Bermudez, Neil
land reform by agrarian reform the value of in the C. (2015)
looking at its efforts of the social justice Philippines Economics with
bases in Philippine B. Procedure of Carp and
economic, Government in Land Taxation
Group
socio-cultural the promotion of Acquisition
Lectures Reporting
Week 17 and moral social justice C. Government Pagoso,
CO1 Recitations Textbooks,
Day 1 aspects. Agencies Cristobal, et. al.
CO2 Hand outs Seatwork
Involved in the (2008)
CO3 Written 3 hours
Week 18 Implementation Fundamentals of
Exam
Day 1 of Carp Economics with
D. Economic, Taxation and
Socio-cultural AR: (A Modern
Biblical, Moral, Approach)
Legal, and
Political Aspects
Week 18 FINAL
Day 2 EXAMINATION
Management Plan No form of business Form of business ownership was Form of business ownership was chosen Form of business ownership was chosen, Total
SP, partnership, ownership was included in chosen. and defined. Some explanation of how defined, and reasoning was given for the
corporation the plan. No explanation of how things will be things will be accomplished. choice of ownership. Thorough explanation
ownership Permits/licenses/certifications done. of how things will be accomplished.
Qualifications of omitted. No explanation of
MGT team & methods of doing things.
comp. pkg.
Explanation of how
things will be done.
Product &/or Product/Service mix was Product/Service mix was partially Product/Service mix was clearly discussed Product/Service mix was clearly discussed Total
Services partially discussed or some discussed and seemed to lack a and included a complete line of and included a complete line of
Identify and was omitted. Explanation of complete line of product/service product/service offerings. Explanation of product/service offerings and included
describe all how your products will be offerings. Explanation of how your how your products will be competitive was reasoning for the selection. Includes
products/Services, competitive is missing. products will be competitive was unclear. explanation of how your products will be
explain how your missing. competitive.
products will be
competitive.
Marketing Marketing of the business Marketing of the business was Marketing of the business was discussed Marketing of the business was thoroughly Total
Who are your was partially discussed but partially discussed including some but including the identification of the target discussed including the identification of the
customers, where lacked mention of any not all of the following: identification market and how they will be reached, target market and how they will be
are they,what do specific information. of the target market and how they will customer needs and product characteristics, reached, customer needs and product
they want? be reached, customer needs and pricing, distribution, promotions. characteristics, pricing, distribution,
What is your product characteristics, pricing, promotion.
marketing mix (4 distribution, promotions.
p's).
Financial No start-up cost reports were Some start-up cost reports were Start-up cost reports included. Financing strategies and concepts were Total
Management included. included. discussed. Detailed start-up cost reports
Start-up Costs included.
Writing Skills Mechanics errors on every Fair number of mechanics errors. Occasional mechanics errors. Writing style No writing mechanics errors; writing style Total
page. Writing style lacks Writing style sometimes lacks clarity is easy for reader to follow. is easy for reader to follow.
GRADING SYSTEM
The following shall be used as basis for giving grades:
The Term Grade will be computed based on the 70-30 policy (70% class standing + 30% term exam)
The Final Grade will be computed based on the 50-50 policy (50% of the Midterm + 50% of the tentative Final Grade).
REFERENCES
Bermudez, Neil Catlyn. Economics with Carp and Taxation: Micro and Macro Approaches. Mandaluyong City: JNPM Design and Printing. 2015.
Clayton, Gary E. Economics: Principles and Practices. New York: McGraw Hill. Retrieved January 30, 2018 at https://economicsfccblog.files.wordpress.com/2016/09/
economics-principles-and-practices1.pdf.
Dang, Michelle. Economics. Retrieved January 30, 2018 at https://sites.google.com/a/hbuhsd.edu/msdanghistory/economics/lecture-notes
Gabay, Bon Kristoffer G., Remotin, Roberto et. al. Economics Concepts and principles with Agrarian Reform and Taxation 2nd ed. Manila: Rex Book Store. 2012.
Pagoso,
McEachern, William A. Economics: A Contemporary Introduction. US: Thompson South-Western. 2006
Make-up Policy
1. It is the responsibility of each student to recover material when she/he is absent. Absences due to illness or family emergency will be excused with a signed note from a parent. It is the
student’s responsibility to make-up any tests missed because of an excused absence the day they return to school (5 days if a medical certificate is enclosed). There will be NO make-
up tests for excused absences.
Quiz will be given after each topic discussion. No make-up tests are allowed for missed quizzes except for valid reason/ supported with evidences.
Prepared by:
Contact Information
RONALD Q. QUINTO
email address [email protected]
Associate Prof 1 FB Account Ronald Quinto
Consultation Hours MWF 90:00- 10:00 AM
Peer Reviewed by: (Please specify here the select members of the cluster.)
___________________________________ ___________________________________ ___________________________________
(Please specify the title/degree of the faculty, if necessary)
Endorsed by: Approved by:
_____________________
Date Approved