ACES TAGUM COLLEGE

Mankilam, Tagum City 8100

Province of Davao del Norte, Philippines
Tel. # (084) 400-2099 E-mail: atc_tagum@yahoo.com

BACHELOR OF SCIENCE IN ENTREPRENEURSHIP

ENT 3 – Basic Macroeconomics

Course Syllabus
As of AY 2019-2020

I. INSTITUTIONAL VISION-MISSION STATEMENT

Institutional Vision
Aces envisions to produce technically skillful workforce imbued with the values of entrepreneurship in their own field of choice.
Institutional Mission
In order to realize the vision, Aces shall earnestly pursue and adhere to the principles of applied competence, business incubation,
consistency of work, valuing the fruits of hard labor and believing in the intervention of the divine providence.
It shall promote the dignity of technical skills and recognize the value of such skills demonstrated in the daily lives of the ordinary men
and women who have done extra ordinary jobs in their respective communities.
Institutional Goals
The college in its entire capabilities shall endeavor to:
1. Offer courses of high technical value which enable the graduates to be either employed or self-employed.
2. Provide advance teaching technologies that enhance thorough learning and easy understanding.
3. Establish linkages with the employment sector in order to assist graduates who are seeking employment.
4. Encourage and support graduates who want to establish their own business.
5. Develop existing staff through a sound human resource development program.
6. Provide a wholesome working condition worthy of human dignity.
7. Promote an atmosphere conducive for learning where skills are developed through exposure in the business incubation centers.
8. Recognize graduates and local entrepreneurs who excel in their chosen field and extend appropriate incentive.
9. Promote and develop entrepreneurship program and recognize the value of its contribution in the society.

II. INSTITUTE OF ENTREPRENEURSHIP VISION-MISSION STATEMENT

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Institute’s Vision
We educate students to become technically skillful individual characterized with values of entrepreneurship who are socially responsible
and globally oriented in their field of proficiency.
Institute’s Mission
We are dedicated to the development of an integrated person with commitment to achieve their role of leadership in their community,
valuing the fruits of hard labor and believing in the intervention of the Divine Providence.

III. INSTITUTE OF ENTREPRENEURSHIP GRADUATE ATTRIBUTES

Graduates who are:
1. Learning continuously to develop knowledge and skills based on personal initiatives and acceptance of constructive feedback
2. Effective communicators with relevance in terms of context, purpose and audience
3. Critical thinkers to address business problems with strategies in order to generate, interpret and use effective information
4. Effective leaders and collaborators to facilitate the productivity and cohesiveness of work teams
5. Socially responsible in imparting values and principles applied to determine and judge the implications of actions
6. Appropriate information and technology to manage efficiently and effectively
7. Confident and self-motivated with discipline and independent inquiry in using their knowledge and skills to address the challenges
of professional activity
8. Faith Motivated
IV. PROGRAM OUTCOMES COMMON TO ALL TYPES OF SCHOOLS
1. Discuss the latest developments in the specific field of practice.(PQF level 6 descriptor)
2. Communicate effectively using both English and Filipino, orally and in writing.
3. Work effectively and independently in multi-disciplinary and multi-cultural teams. (PQF level 6 descriptor)
4. Exemplify professional, social, and ethical responsibility.
5. Preserve and promote “Filipino historical and cultural heritage”.

V. PROGRAM OUTCOMES COMMON TO ALL ENTREPRENEURSHIP PROGRAMS

1. Demonstrate Corporate and Responsibility.
2. Implement the basic functions of management such as planning, organizing, staffing, directing, leading and controlling.
3. Use information and communication technology (ICT) effectively and efficiently.
4. Work well with others.
5. Use the proper decision tools to critically, analytically, and creatively solve problems and drive results.

VI. COURSE INFORMATION

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Course Code & Title: ENT 3 – Basic Macroeconomics
Number of Units: 3 Units
Prerequisite: None
Year/Semester Offered: Second Year/ First Semester
Number of 5 Hours per week (10 Weeks – 20 Sessions)
Weeks/Sessions:
Laboratory: None
Course Description: This course is an introduction to Economics, the basic concepts of microeconomics, money and
banking, economic growth and development and international economics. Also discussed are the basic
concepts of taxation and land reform.
Course Intended Learning At the end of the course, the students are expected to:
Outcomes: 1. To distinguish the fundamentals of Economics in the Philippines.
2. To undergo oral defense in relation to the formulation of feasibility study of a micro economic
enterprise.
3. To see the value of knowledge in analyzing socio-economic aspects of man.
Course Requirements:  Reports
 Case Assignment
Grading System:  Periodical Examination - 35%
 Quizzes - 25%
 Participation - 10%
 Assignments - 10%
 Project- 10%
 Attendance - 10%
References:  Economics 1994 Edition Feliciano Fajardo
 Agrarian Reform and Taxation 1994 Edition Hector de leon
 Start and Manage your Own Business 1998 Edition Marco Sanchez
 Principles of Economics 2003 Edition Roberto G. Medina
 http://www.fao.org/docrep/x5577e/x5577e04.htm
 http://www.williams.edu/Economics/wo/Conning_agreform.pdf
 http://sitesources.worldbank.org/INTPOVERTY/Resouces/WDR/Dfid-Project-Papers/herring.pdf

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VII. COURSE OUTLINE

Teaching and Learning

Time Intended Learning Course Content/ Assessment Resource Textbooks/
Activities (TLAs)
Frame Outcomes (ILO) Subject Matter Tasks (ATs) Materials References
Week After having been  Definition of Introductory Activity:  Quiz  Marking Pens  Syllabus
1& 2 given basic Economics  Ask students to pick  Student
 Assignment
orientation of the an animal or things  Reference Handbook
whole course and  Limitations of that best represent  Case analysis Book
Economic and problem  Economics 1994
discussing the topic them.
solving Edition Feliciano
financial reporting Methods  Ask them about the  Laptop
Fajardo
overview, the expectation about
students are  Efficient Use of the course taken.  Calculator
expected to: Resources  Ask them to group
themselves for
 The Basic
1. Familiarize each reporting and FS
Economic
other other’s name. presentation
Problems Connecting Activity
2. Practice classroom with present lesson:
 Economic System  Ask students the
rules.
Models relationof the
subjects with their
3. Give their
 Validity of the course.
expectations about Input:
Law of Demand
the course.  Review of the
 Law defined classroom policies
4. Distinguish various and the rules and
aspects of  Analysis of Price regulation of the
Economics, system school.
Services, Elasticity,  Discussion of the
Consumer  Elasticity formula grading system,
Behavior and course outline,
Production.  Economic course
5. To activate significance of requirements.
individual analysis demand elasticity  Discussion/Lecture

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 supply and demand Application:
to the recent world.  Budget line  The students will
participate in oral
6. To feel the  Equilibrium and board work
intervention of man activities.
in the growth of Valuing activities:
economic system in Reflection Paper
the Philippines.  Explain the
determinant of
supply and demand
elasticity.
 Write own example
of Budget line.
PRELIM EXAM
Week The students will be  Message of Law Introductory Activity:  Quiz  Marking Pens  Syllabus
3 &4 able to:  Economic cost  Ask the students to
 Assignment
 Marginal cost and answer assignment.  Reference  Economics 1994
1. Determine the average cost  Let the students Book Edition Feliciano
basic of market relationship recite the past topics. Fajardo
structure, price-  Appropriate Connecting Activity  Laptop
output, markets, with present lesson:
technique of
income, business  Review of the past
organization and Production  Calculator
topic and state the
management.  Revenue
relevance of it in
 Total revenue – today’s discussion.
2. Undergo Total Cost Input:
individual analysis Approach  Cite some article
on business  Pure Competition that related in the
organization.
 Monopolistic discussion.
Competition  Discussion/Lecture
3. See the  Oligopoly
Application:
importance of  Pure monopoly
 The students will
social processes  Determinants of
toward economic participate in oral
market structure
growth in the and board work

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 Philippines  Price and output activities.
determination  The students will
4. Understand the  Graphical demonstrate their
function of
analysis knowledge and
production.
 Determinants of application the
5. Familiarize the factor demand subject matter.
payments of the  Demand of labor Valuing activities:
factors of  Types of Income Reflection Paper
production. distribution  Do you consider
 Causes of money as capital in
6. Relate economies economics? Why?
Income inequality
of scale with  What is the
profits.  Theories of
Income significance of the
7. Differentiate the distribution law of diminishing
basic market  Economic rent returns?
models.  Interest  Is there need to
 Single Tax – key advertise products
to progress under pure
competitions?
Explain your answer.
 Why the demand
curve of an
oligopolistic firm is
kinked?
 Which is the best
business
organization? Why?

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Week The students will be  Product Introductory Activity:  Quiz  Marking Pens  Syllabus
5&6 able to: expenditure  Ask the students to  Economics 1994
 Assignment
1. Understand some approach answer assignments.  Reference Edition Feliciano
causes of our  Industrial origin  Let the students Book Fajardo
economic approach recite the past topics
recession.  Depreciation and .  Laptop
2. Know how to indirect business Connecting Activity
measure the taxes with present lesson:  Calculator
income of the  Double counting  Review of the past
topic and state the
nation  Limitation of GNP
relevance of it in
3. Understand the  Factors today’s discussion.
circular flow of influencing Input:
goods, services consumption  Cite some article
and money.  Consumption that related in the
4. Know the function discussion.
different ways in  Factors  Discussion/Lecture
calculating influencing Application:
national income. consumption  The students will
5. Relate the  Determinants of participate in oral
consumption as investment and board work
part of the  Types of activities.
measurement of unemployment  The students will
national income.  Effects of demonstrate their
6. Relate the unemployment knowledge and
implication of  Types of inflation application the
unemployment to  Causes of the subject matter.
the economy. recession Valuing activities:
7. Gasp the concept  Functions of Reflection Paper
of inflation. money  How does change in
8. Know the  Monetary supply income affect
importance of  Bases of credit consumption
banking in the  Advantages and behavior?
economy. disadvantages of  How does price level
9. Understand the a credit economy affect consumption?

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 composition of  Monetary policies  What are the
money supply  Universal probable reasons
10. Understand the Banking why investors decide
importance of  Central Banking in favor of
credit to an  Biggest bank in investment?
individual and to the world  Describe the
a nation. situation of the poor
in connection with
credit.
 Give your own
solution to inflation.

MIDTERM EXAM
Week The students will be  Shortcomings of Introductory Activity:  Exercises  Marking Pens  Syllabus
7&8 able to: fiscal policies  Ask the students to
 Assignment  Reference  Economics 1994
1. Understand the answer assignments.
Book Edition Feliciano
importance of  Fiscal policies Connecting Activity  Case analysis
Fajardo
fiscal policy. and the masses with present lesson: and problem  Laptop
 Review of the past solving
2. State the
importance of  Public topic and state the  Calculator
expenditures relevance of it in
taxation in our today’s discussion.
economy. Input:
 Tax structures
3. Know the  Discussion/Lecture
economic activities  Direct taxes Application:
that are exempted  The students will
in taxation.  Indirect taxes participate in oral
4. Know the reasons activities.
for international  Specialization Valuing activities:
trade. Reflection Paper
5. Grasp the concept  Why is there a need

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 of international  Absolute of taxation?
trade and balance advantage  Explain one criterion
of payment of a good tax return.
6. Understand the  Comparative  What do you mean
meaning of foreign advantage by favorable foreign
exchange. trade?
Week The students will be  Land reform Introductory Activity:  Exercises  Marking Pens  Syllabus
9 able to:  Ask the students to
 Agrarian Reform  Assignment  Reference  Economics 1994
answer assignments.
1. Determine the Book Edition Feliciano
Connecting Activity  Case analysis
different key  CARP and Problem Fajardo
with present lesson:  Laptop
concepts in Solving
 Review of the past
Agrarian Reform.
topic and state the  Calculator
relevance of it in
2. Activate learners
today’s discussion.
for analysis
Input:
agrarian problems
 Discussion/Lecture
in the Philippines.
Application:
3. Feel the  The students will
importance of participate in oral
people’s activities.
participation in the  The students will
implementation of participate in seminar
Agrarian Reform regarding Land
Law. Reform.
Valuing activities:
Reflection Paper
 What early attempts
at land reform were
made?
FINAL EXAM

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XI. CLASSROOM POLICIES
1. Prayer. Each class begins and ends with a prayer.
2. Civility. Students ought to show politeness and respect to the teacher in the class.
3. Set Policies at the Beginning of the Course. In particular, make sure attendance and grading policies are clear, preferably in
writing.
4. Promptness. Students are expected to come to class on time, 15 minutes late is considered absent.
5. Attendance. Regular attendance is required from all students. Maximum absences excused or unexcused, should not more than 20%
of the total number of class hours required. Any student who exceeds the number of absences allowed shall be denied of academic
credit. Only legitimate reasons are acknowledged to class.
6. Proper and Complete Uniform. Students are expected to wear proper and complete school uniform upon entering the class.
7. Participation. Participation in class (no side discussions). Contribute to the class discussion when appropriate.
8. Intellectual Integrity. Be honest with yourself; be honest with your sources. Avoid plagiarism.
9. Use of Cell phones and other Electronic Devices. Cell phones and other electronic devices will be turned off prior to the start of the
class or place on vibrate during the class.
10. Energy Conservation. Lights and fans are turned off every after class. Conservation can be form of regulation.
11. Submission of Requirements. “You may delay, but time will not”. Submit all requirements on time.
12. Courtesy. Being polite and courteous is the key that opens doors. Show respect for others at all times.

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