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Economics With LRT Syllabus PDF
Economics With LRT Syllabus PDF
Economics With LRT Syllabus PDF
COURSE SYLLABUS
1st Semester, A.Y. 2013-2014
COURSE DESCRIPTION:
This course covers a comprehensive study of economics and the economics of land reform and
taxation. Topics include important concepts in economics, circular flow of economic activities,
demand and supply, theory of production, theory of cost and profit, different economic
systems, national income accounting, monetary policy, international trade, cooperatives,
globalization, and measuring and forecasting demand. The last part of the course deals with the
Comprehensive Agrarian Reform Program (CARP) and principles of taxation.
LEARNING OBJECTIVES:
1. Appreciate the fundamental concepts of economics, and its application not only to a broader
treatment, but also to personal exploits as well, performed task based on the fundamentals of
economics and have related the basic economics concepts in view of the current economic
problems;
2. Demonstrate how a market is driven by individual decision;
3. Utilize appropriate economic concepts and principles in evaluating economic problems,
issues and other related economic concerns; and
4. Operate different equations in economics and graph various equations.
Syllabus in Economics with Land Reform and Taxation, Page 2 of 7
COURSE OUTLINE:
THEORY OF PRODUCTION
Production Function
The Law of Diminishing Returns
Production Isoquant
The Isocost Line
The Least-Cost Combination
Returns to Scale
IMPERFECT COMPETITION
Monopolistic Competition
Short-run Equilibrium
Adjustments: Open Entry
Welfare Effects of Monopolistic Competition
Oligopoly
Collusion vs. Independent Action
The Centralized Cartel
The Kinked Demand Curve
The Profitability of Oligopolies
The Welfare Effects of Oligopoly
INTERNATIONAL TRADE
The Need for Trade
Evolution of the Market Economy
Is There a World Economy?
Mercantilism
Trade Practices and Policies
Balance of Payments
Some of Our Trade Problems
Qualitative Techniques
Choosing the Appropriate Forecasting Technique
The College issues two grades for the semester – midterm grade and final grade – as per Article
X, Section B of the College Student Handbook. I will be using the following grading system in the
computation of your grades.
Major Examinations:
Four major examinations will be given throughout the semester. These are prelim, midterm,
pre-final, and final exams. A combination of multiple-choice questions (MCQ), essay questions,
and other types of tests will be given. The examinations will be conducted during examination
weeks. Each exam is equivalent to 100 points. The passing score is 50 points. I will be using the
following formula in determining the equivalent percentage for your scores:
Critique Essays:
From time to time, you will be instructed to write a news analysis or reaction paper on certain
economic issues that dealt with the Philippine economy at large. You need to make a
compilation of these critique essays in a portfolio. This is an individual work. In writing your
essays, use the following guidelines.
Submit your portfolio during the midterm examination day. Late submission will not be
accepted. Do not copy from websites. It will be you who will analyze issues, not other people.
Research Paper:
The class will be divided to several groups with at least five (5) members in each group. Each
group will write a research paper which will be presented orally on the 2 nd week of October. A
Powerpoint presentation is required together with the final output of your research.
Each group will focus on ONE TOPIC only. The following are good examples of topics to work on
in your research paper:
1. Assessment of Economic Policies of Taguig City Mayor Lani Cayetano
2. Flat Rate Tax? Perceptions from TFVC Working Students
3. Survival of the Fittest: The Case of 7-Eleven and Mini-Stop Shops
4. A Rising Asian Tiger: Analysis of Philippine Economy
5. Other topics
To do this, each group needs to prepare questionnaires, conduct surveys and/or interviews, and
use simple statistical techniques to analyze the data gathered.
Syllabus in Economics with Land Reform and Taxation, Page 7 of 7
Online Assignments:
An assignment will be given every two weeks. You need to visit our class website at
www.tfvc2014.weebly.com for instructions and details. Please be reminded of the deadlines of
submission. To avoid the rush, submit your answers BEFORE the deadline, NOT on the due date
of submission. I will inform you in class once the questions are posted online.
Answers submitted through email or handed down to me in class (printed copy) will not be
credited. All answers need to be submitted on the website itself. Familiarize yourself with
computers, websites, and other technology-based stuff. You are provided with internet card by
the school which is included in your school fees. Visit the Computer Laboratory for available
time so that you can do your assignments if you don’t have your own computer and internet.
Also, you need to have an email account and a Facebook account because you will use them
during the submission of your online assignments.
Attendance:
While attendance is not a component of your grade, your attendance will be checked regularly.
You need to affix your signature on the attendance sheet that will be provided to you before
the class discussion starts. Please take note that the maximum allowable absences are four (4)
sessions only. On your fifth absence, you will be dropped from this course regardless of the
reason for absence EXCEPT if you or your family member is sick. In this case, you need to
present a medical certificate.
TEXTBOOKS:
Nayve, Benito, and Virgilio Pagoso (2008). Principles of Economics. Paraňaque City:
Nelson Publication
REFERENCES:
Aban, Benjamin (2006). Law of Basic Taxation in the Philippines. Manila: National Book
Store
De Leon, Hector S. (2005). Textbook on Agrarian Reform and Taxation. Quezon City: Rex
Book Store
De Leon, Hector S. (2008). Textbook on the Philippine Constitution. Quezon City: Rex
Book Store, Inc.