Republic of the Philippines

Bulacan State University

City of Malolos, Bulacan
Tel/Fax(004)791-0513

Office of the Dean of Instruction

COURSE SYLLABUS
MICROECONOMICS
nd
2 Semester, A. Y. 2019 - 2020

COLLEGE : Bustos Campus DEPARTMENT: CBA

COURSE CODE : EC 103
FACULTY : MARIA CELIA G. SARRONDO
MA. ANTONETTE M. TOMAS
CONSULTATION HOURS :

COURSE DESCRIPTION:
This course introduces the students to the meaning and concerns of economics; the role
of scarcity in economics, basic economic problems and methodology of economics. It
also presents basic concepts in consumer behavior, firm behavior, the notion of supply
and demand, and the different types of market. Its objective is to present simple
frameworks for analyzing the choices made by consumers and firms and how their
decisions affect market.

ATTRIBUTES OF IDEAL LEARNING OUTCOMES (LO) On completion of the

GRADUATE (AIG) course, the student is expected to be able to do the
following:
LO1. Internalize the vision, mission, goals and
Highly competent objectives of the institute to achieve excellence in
education. Be oriented with the policies and rules,
and course requirements.

Ethical professional
Service-oriented
Contribute to country’s
sustainable growth and
development
LO2. Grasp how economies work, gain the basic
motivation and behavior of individual economic
agents, and how they react to changing economic
environments.
LO3. Understand that markets, through the price
system, are quite an efficient mechanism for
meeting individual needs.
LO4. Apply the analysis of demand and supply and how
these two basic forces determine how much of
any good will be willingly produced and consumed
and at what price it will voluntarily be traded.
LO5. Understand that one’s opportunities and
constraints are defined by his/her purchasing
power, as influenced by his/her income and the
market prices of goods of his/her interest.
LO6. Explain the concept of production function
and delineate the three stages of production
using the concepts of total product,
marginal product and average product.
LO7.Compare and contrast the behavior and
characteristics of a market controlled by a single
firm (monopoly) and many firms (perfectly
competitive firms) Use the concepts of pricing,
output production and welfare.

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 FINAL COURSE OUTPUT:
 The whole class will be required to submit a holistic portfolio of their
culminating performances to provide evidences of achieving the learning
outcomes and demonstrating the AIG set by the University.

RUBRIC FOR ASSESSMENT:

Criteria 5-4 3-2 1-0

Structure Ideas All or almost all of the Most entries have a Few entries have a
entries have a connection to connection to
connection to structure. structure. structure.

Format The proper format has The proper format has The proper format has
been followed for all of been followed for been followed for few
the entries. most of the entries. of the entries.

Mechanics All or almost all of my Most of my entries Few of my entries use

entries use correct. use correct correct

Completion All entries are present, in All entries are All entries are not
order, and together. present, but are either present, but they are
not together or in together or in order.
order.

Rubric for Individual Report

Needs Satisfactory Very Excellent
Criteria Improvement Satisfactory
70 – below 85-90 95-96 97-100
No mastery of the Poor mastery Good Outstanding
contents of the of the contents; presentation; presentation;
Mastery of the study; never lots of errors researchers above-and-
Contents of the practiced on his/her with no effort to show that they beyond;
Study own, or quit before improve or have practiced presentation is
completion of the proof of outside of excellent and
oral presentation. practice. rehearsal. well-rehearsed.

No movement or Very little Made Movements

descriptive movement or movement or seemed fluid
Body
gestures. descriptive gestures that and helped the
Language
gestures. enhanced audience
articulation. visualize.

No eye contact with Displayed Consistent use Holds attention

audience. minimal eye of direct eye of entire
contact with contact with audience with
Eye Contact
audience. audience. the use of
direct eye
contact.

Introduction Student does not Student clearly Student Student

and Closure display clear uses either an displays clear delivers open
introductory or introductory or introductory or and closing
closing remarks. closing remark, closing remarks that
but not both. remarks. capture the

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 attention of the
audience and
set the mood.

Delivery is either Delivery is in Delivery is Good use of

too quick or too bursts and patterned, but drama and
Pacing slow to meet does not meet does not meet student meets
apportioned time apportioned apportioned apportioned
interval. time interval. time interval. time interval.

Tension and Displays mild Makes minor Student

nervousness is tension; has mistakes, but displays
obvious; has trouble trouble quickly relaxed, self-
Poise recovering from recovering from recovers from confident
mistakes. mistakes. them; displays nature about
little or no self, with no
tension. mistakes.

Consistently uses a Displays some Satisfactory Use of fluid

monotone voice. level of use of speech and
inflection inflection, but inflection
Voice throughout does not maintains the
delivery consistently interest of the
use fluid audience.
speech.

OTHER REQUIREMENTS AND ASSESSMENTS:

 Regular Class Attendance
 Group Activities
 Active Class Participation
 Submission of Projects and Assignments
 Major Examinations and Quizzes

GRADING SYSTEM:
Long Test/Chapter Test/Quizzes 30%
Midterm and Final Examination 40%
Oral Recitation 20%
Activities and Project 10%
Total 100%

Final Grade = Midterm Grade + Final Grade ÷ 2

1.0 1.25 1.5 1.75 2.0 2.25 2.5 2.75 3.0 5.0
74 and
97- 94-96 91-93 88-90 85-87 82-84 79-81 76-78 75 below
100

LEARNING EPISODES:

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 Learning Learning
Outcomes Topics Week Activities
- VMGO of the College
Memorize the
- Course Outline
LO 1 1 VMGO of the
- Grading System
College.
- Class Policies
CHAPTER 1 - INTRODUCTION Define the
1.1. What is Economics 2-3 economics as a
1.2. Economics as a Social Science social science.
1.3. Microeconomics and Macroeconomics Compare and
LO 2
1.4. Positive and Normative Economics contrast the
1.5. The Methodology of Economics two main
branches of
economics.
CHAPTER 2 - THE ECONOMIC PROBLEM
Enumerate and
2.1. Scarcity and the Basic Economic
discuss the
Questions 4-7
basic questions
LO 3 2.2. Technological Choices and the
that economics
Production Possibility Frontier
seeks to
2.3. How Economic Systems Answer the
explain.
Basic Questions
CHAPTER 3 - DEMAND, SUPPLY, AND Distinguish
MARKET EQUILIBRIUM between a shift
3.1. The Concept of Demand in the supply
3.2. The Concept of Supply curve versus a
3.3. Changes in Quantity Demanded and movement
Quantity Supplied along the
LO 4 3.4. Shifts in the Demand and Supply Curves supply curve.
8-11
3.5. Market Equilibrium
3.6. Elasticity Concepts Discuss how
3.7. Some Applications does the
3.8. Other Related Concepts - Consumer’s market adjust
Surplus and Producer’s Surplus when there is
disequilibrium.
CHAPTER 4 - THE THEORY OF
CONSUMER BEHAVIOR Distinguish
4.1. Utility Concepts and Measurement between
12-13
LO 5 4.2. Consumer Equilibrium ordinal and
4.3. Indifference Curve Approach cardinal utility;
4.4. The Budget Line total and
4.5. Income and Substitution Effects marginal utility.
CHAPTER 5 - THEORY OF PRODUCTION
AND COST Explain the
5.1. The Production Function concept of
5.2. Production Analysis with One Variable production
Input function and
5.3. Costs of Production delineate the
5.4. Production Analysis with Two Variable three stages of
Inputs production
LO 6 14-15 using the
concepts of
total product,
marginal
product and
average
product.
LO 7 CHAPTE 6 - THE MARKET SYSTEM 16-17 Discuss the
6.1. Perfectly Competitive Market assumptions
6.2. Imperfect Competition about the
6.3. The Role of Government perfectly
competitive
market.

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 Compare and
contrast the
behavior and
characteristics
of a market
controlled by a
single firm
(monopoly) and
many firms
(perfectly
competitive
firms) Use the
concepts of
pricing, output
production and
welfare.

REFERENCES:
Pagaduan, Martina B. Dr. PA., MICROECONOMICS PRICE THEORY Copyright 2011
Costalles, Achilles C., ECONOMICS: Principles and Applications, Copyright 2010

ONLINE RESOURCES:
-http://iheartintelligence.com/2015/05/14/22/economics_as_socialscience
-http://www.iep.utm.edu/greekphi/
- https://en.wikipedia.org/wiki/Consumer_behavior
- http://www.theologicalstudies.org/cgi-sys/suspendedpage.cgi

CLASSROOM POLICIES:
1. All students must attend classes promptly and regularly. Only students enrolled in the course
are allowed to attend the sessions, sit-ins may be allowed depending on the instructor’s
approval. A student shall be marked tardy 15 minutes after the set time and absent after 20
minutes of the scheduled time. Unless the instructor have prior notice of his/her absence or
tardiness. Lastly, unless the subject instructor concerned gave prior notice, the students may
leave their assigned room 15 minutes after the start of the scheduled time. (see F. Attendance,
BulSU Student Handbook)

2. Students must be in the prescribed uniform for the day. (Monday, Tuesday and Thursday in
university uniform, W- washday sleeveless, shorts, rip jeans are not allowed; and SFED
and recognized organization Shirt is allowed). Furthermore, male students must sport a
haircut that does not exceed the collar line and does not cover the ears. Wearing of earrings for
the male is prohibited and for female students excessive jewelries’ and make-up as well. (see
Responsibility, BulSU Student Handbook)

3. During written examinations, class presentations, laboratory activities and term examinations
the students must be in the prescribed uniform or the instructor may refuse to give the student the
written or practical activities. Students must refrain from talking to their seatmates, answering
phone calls and text messages and listening to music through their earphones while taking the
written exam or laboratory activities. No students can use the restroom/lavatory unless necessary
during the examination.

4. During classroom discussions, the student must refrain from making too much noise, playing
with their cell phones, answering a text message and phone calls.

5. Students are not allowed to stay earlier than 15 minutes and later than 15 minutes before and
after their class schedule.

6. For unavailable circumstances such as sickness or death of an immediate family, a medical

certificate authorized by a physician or an excuse letter with photocopy of parents’
identification card should be passed on the day of return to school.

Prepared by:

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 MARIA CELIA G. SARRONDO, LPT. MA. ANTONETTE M. TOMAS, DBA
Faculty, CBA Program Coordinator, CBA

Checked by

EDITHA N. DE REGLA, MAEd

Curriculum Coordinator

Noted by

ALLAN B. PLENO. MBA

Area Chair, CBA

Recommending Approval:

ALBERT C. SANTOS, Ph.D.

Campus Secretary

Approved by:

CIRIACO M. GARCIA, Ph.D.

Campus Dean

Declaration
I have read and understood the above syllabus in full and in participating in this course I agree
to the above rules. I have a clear understanding of the policies and my responsibilities, and I
have discussed everything unclear to me with the instructor.
I will adhere to the academic integrity and policy and I will treat my fellow students and my
teacher with due respect.
I understand that this syllabus can be modified or overruled by announcements of the
instructor in class or on any social media site at any time
_________________________________ ________________________________
Printed name Signature Date
Student’s Copy
-------------------------------------------------------------------------------------------------------------------------------------
---------------------
Declaration
I have read and understood the above syllabus in full and in participating in this course I agree
to the above rules. I have a clear understanding of the policies and my responsibilities, and I
have discussed everything unclear to me with the instructor.
I will adhere to the academic integrity and policy and I will treat my fellow students and my
teacher with due respect.
I understand that this syllabus can be modified or overruled by announcements of the
instructor in class or on any social media site at any time
_________________________________ ________________________________
Printed name Signature Date
Instructor's Copy

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