Republic of the Philippines

Biliran Province State University

(formerly NAVAL STATE UNIVERSITY)
ISO 9001:2015 CERTIFIED

SCHOOL OF MANAGEMENT AND ENTREPRENEURSHIP

Bachelor of Science in Tourism Management (BSTM)

Applied Economics
nd
2 Semester, AY 2024-2025

I. Course Code : ABM 315

II. Course Title : Applied Economics
III. Pre-requisite : None
IV. Co-Requisite : None
V. Credit Units : 3 units
VI. Time Allotment : 3 hours/week, 54 hours/semester

Prepared by: Reviewed by: Approved:

JERSON M. CAOTIVO, MPM. MARIANNE SHYNE C. BALONDO SUSAN S. BENTOR, Ph.D.

Instructor CQMR, SME Vice President for Academic Affairs,
Date________ Date: ______ Date: ________
MA. LEE NEIL A. CAPARO RONABELLE C. BENTOR, MPM
Instructor SME, GAD Coordinator
Date: _______ Date: ______

EDEN R. CALVEZ, MPM

Chairperson, BSHM Program
Date: ______

MAFEL A. PIOL, D.M.

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 Dean, SME
Date: _____

Vision

A state university leading in research and innovation for human empowerment and societal development

Mission

To advance the university with innovative human resources, responsive researches, sustainable production and
demand-driven extension services

BiPSU-QUALITY POLICY

The Biliran Province State University is committed to providing quality education through its strategic direction,
“Weave of Worthiness: A 5-year Development Plan,” by developing globally competitive graduates and intensifying
instruction, research & innovation, extension, and production services in compliance with statutory and regulatory
requirements by ensuring customer satisfaction that leads to the continual improvement of the quality management
system.

SME GOALS

1. Provision of advance instructions in the fields of tourism and hospitality industries;

2. Yielding globally competitive graduates of the dynamic needs of tourism and hospitality industry while inculcating
professional ethics, traditional values and culture;

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 3. Building strong linkages among industries, government and educational institutions; both local and international, via
collaborative research works, community development and professional consultancy programs.
VII. OUTCOMES
Institutional Outcome
Leading in the
development of
knowledge, innovation,
and creative works
through research in
various disciplines
Innovate by contributing
solutions to the different
problems of society
Program Outcomes
 Articulate and discuss the
latest developments in the
specific field of practice.
 Work effectively and
independently in multi-
disciplinary and multi-cultural
teams
 Act in recognition of
professional of professional,
social and ethical responsibility
 Perform the basic function of
management such as
planning, organizing, leading
and controlling.
 Apply the basic concepts that
underlie each of functional
areas of business (marketing,
finance, human resources
management, production and
operations management,
information technology, and
strategic management) and
employ these concepts in
various business situation.
 Apply information and
communication technology
Program Educational
I,E,D
Objectives
 Acquire practical
knowledge and
analytical ability in
tourism and
hospitality
management
 Involve in various
research works
responsive to the
current trends
towards national and
global development.
 Demonstrate
interpersonal skills,
professional attitudes
and excellent work
habits in the practice
of their career
 Engage in life-long
learning for career
advancement.
Course Outcomes
CO 1: Analyze and propose
solution/s to the economic
problems using the
principles of applied
economics
CO 2: Conduct a survey of current
economic situations within
the vicinity
CO 3: Apply tools and techniques
for business opportunities
like the SWOT/TOWS
analysis
CO 4: Conduct a survey of macro
and micro environments
affecting business in a
locality
CO 5: Conduct a socioeconomic
impact study on consumers
(new product and
services);
suppliers; investors
(capital, income)
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 Plan and implement business
Transform knowledge,  Manage and market a service-
skills, attitudes and values
for personal and
professional growth, self-
determination and lifelong
learning
Contribute in
Communities to instill
cultural, moral and ethical
sensibilities for
sustainable development
and progress.
(ICT) skills as required by the government (tax revenues,
business environment. poverty alleviation, basic
services);
related activities. households (standard of
living, employment) and
 Prepare for local and international trade (exports
oriented business organization global work and imports of goods and
opportunities as services) leading to options
employees, in venturing into a business
managers,
entrepreneurs,
capitalists,
restaurateurs, and
hoteliers
 Participate in
community outreach
program to promote
human empowerment
and societal
development
 Work effectively with other
stakeholders and manage
conflict in the workplace
 Demonstrate corporate
citizenship and social
responsibilities
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 VII. Course Description

This course deals with the basic principles of applied economics, and its application to contemporary economic issues
facing the
Filipino entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries
for identification of potential business opportunities. The main output of the course is the preparation of a socioeconomic
impact study of a business venture.

VIII. Learning Plan

IX.
Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
Week 1 The Learners will VMGO Interactive lecture  Oral NS/U Vision
be able to: Orientation on the VMGO examination and Mission
1. NSU VMGO Logical arguments
1. Write reflection 2. NSU Quality
of their Policy
understanding
of VMGO and
cite ways on
how to they
could
contribute to
its attainment.
Week 2 CO 1 The learners will  Synchronous/ .
and 6 be able to: Asynchronous Tereso, T.S.
Analyze and Lecture- (2016).
propose Discussion Applied

Page 5 of 14
 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
solution/s to 1. Differentiate 1. Economics  Quiz on Economics
the economic economics as as social  The students economics for
problems social science science and will be given as social Progressive
using the and applied applied situations to science and Philippines
principles of science in science in classify applied Quezon
applied terms of nature terms of whether it is science City, The
economics and scope nature and social of Phoenix
scope applied Publishing
2. Examine the 2. utility and science  Presentatio House Inc.,
utility and application of n of the
application of applied drawing
applied economics to with Cengage
economics to solve  The students explanatio Learning
solve economic economic will be draw a n of the 2017.
issues and issues and picture that drawings Applied
problems problems represent a and how Economics:
characteristics the An
of the economics Introduction,
Philippines system Quezon
gives City: Abiva
benefits in Publishing
the House Inc.
3. Market Philippine
demand, economy.
market With
3. Analyze market supply and criteria for
demand, market rating the
market supply equilibrium presentatio
and market n
equilibrium  Picture

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 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
Analysis: The  Picture
students will be Analysis
provided a Rubric
picture and
analyze the
picture as to
market  Presentatio
4. Market demands and n of the
pricing on market supply graph and
economic  The students analysis of
4. Determine the decision- will plot the graph
implications of making demand and will be
market pricing schedule for rated using
on economic basic a rubric
decision- commodities
making and give an  Activity
5. Market analysis of the rubric
structures in graph.  Quiz on
terms of: a. market
5. Differentiate number of pricing and
various market sellers b. economic
structures in types of  The students decision-
terms of: a. products c. will be given makinh
number of entry/exit to series of
sellers b. types market d. questions to
of products c. pricing power answers and
entry/exit to e. others give  Quiz on the
market d. implications of various market
pricing power market pricing structures
e. others on economic  Differentiation

Page 7 of 14
 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
decision- of various
making. structures

 The students
differentiate
various market
structure
through
businesses
and product.
Weeks CO 2 The learners will  Synchronous/  Quiz on the Tereso, T.S.
7-8 Conduct a be able to: Asynchronous contemporary (2016).
survey of Lecture- economic Applied
current 1. Analyze the 1. Contemporar Discussion on issues facing Economics
economic effects of y Economic contemporary Filipino for
situations contemporary Issues economic entrepreneur Progressive
within the economic Facing the issues facing Philippines
vicinity issues Filipino Filipino Quezon
affecting the Entrepreneur entrepreneur City, The
Filipino a.  Presentation of Phoenix
entrepreneur Investment posters with Publishing
and interest  The students explanation House Inc.,
rate will create using a scoring
b. Rentals poster rubric
c. Minimum depicting Cengage
wage contemporary Learning
d. Taxes economic  Essay rubric 2017.
issues affecting Applied
Filipino Economics:

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 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
entrepreneur An
Introduction,
 The students Quezon
will write an City: Abiva
essay about Publishing
on House Inc.
strengthening
business
operations
when facing
contemporary
issues
Weeks CO 3 and 4 The learners will 2. Synchronous/ Dinio, R. P.
9 - 13 Apply tools be able to: Asynchronous & Villasis, G.
and Lecture- A. (2017).
techniques for 1. Analyze 1. principles, Discussion on Applied
business different tools, and the different  Quiz on Economics.
opportunities principles, techniques principles, educational Sampaloc,
like the tools, and in creating a tools, and principles, Manila, Rex
SWOT/TOWS tools, and Book Store
techniques in business techniques in techniques in
analysis creating a creating a creating a
business business business

Conduct a  Students will  Evaluation

survey of be given a scoring rubric
macro and business for the
micro situation and SWOT/TOWS
environments they will
affecting prepare
business in a SWOT/TOW

Page 9 of 14
 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
locality S analysis
for the given
situation

The learners will  Synchronous/  Quiz on the

be able to: Asynchronous business
Lecture- principles,
1. Apply 1. business Discussion on tools, and
business principles, the business techniques in
principles, tools, and principles, tools, participating in
tools, and techniques in and techniques various types
techniques participating in participating of industries in
in in various in various types the locality
participatin types of of industries in  Performance
g in industries in the locality task rubric for
various the locality Case Analysis
types of  Case Analysis:
industries The students
in the will be given a
locality case and
prepare an
environmental
scanning using
any of the
principles tools
and techniques
in participating
in various types
of industries in
the locality

Page 10 of 14
 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
Weeks CO 5 The learners will  Synchronous/  Quiz on the Dinio, R. P.
14 - 16 Conduct a be able to: Asynchronous socio-economic & Villasis, G.
socioeconomi Lecture- factors affecting A. (2017).
c Discussion on business and Applied
impact study socio-economic industry and Economics.
on factors affecting viability and Rex Book
consumers business and impacts of Store:
(new product industry and business on the Sampaloc,
and viability and community Manila
services); 1. Explain the 1. socio- impacts of
suppliers; effects of the economic business on the  Presentation of
investors various socio- factors community output using
(capital, economic affecting scoring rubric
income) factors business and  The students
government affecting industry will determine
(tax business and socio
revenues, industry economic
poverty factors that
alleviation, have affected
basic the business in
services); the locality and
households 2. viability and present sample
(standard of 2. Evaluate the impacts of picture of  Presentation of
living, viability and business on country facing the different
employment) impacts of the in relation to practices noted
and business on community the different during
international the community socio observation
trade (exports economic using the activity
and imports factors with observation
of goods and explanation of rubric

Page 11 of 14
 Time Intended Teaching Learning
Course Learning Content Assessment Resource Remark
Allotmen Outcomes Outcomes Learning Tasks s
t (ILOs) Activities s
services) the its effect
leading to
options  The students
in venturing will observe a
into a business in
business their
community and
list down
practices and
compare their
practices with
other
businesses.
The students
will evaluate
the factors that
made their
business viable

The teacher may allot Two(2) weeks to make adjustment on classroom engagement such as, major examinations, project
making, research works, outreach activities, self-directed learning and other curricular and extra-curricular activities.

X. References
 Cengage Learning (2017). Applied Economics: An Introduction, Quezon City: Abiva Publishing House Inc.
 Dinio, R. P. & Villasis, G. A. (2017). Applied Economics. Sampaloc, Manila, Rex Book Store
 Tereso, T.S. (2016). Applied Economics for Progressive Philippines Quezon City, The Phoenix Publishing House Inc.,
XI. Required Readings

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  Mohammed I, Guillet B. D., & Law, R. (2015). The contributions of economics to hospitality literature:A content analysis of
hospitality and tourism journals. International Journal of Hospitality Manangement, 44, 99-110. Retrieved from:
10.1016/j.ijhm.2014.10.010
 Reich A. (1993). Applied economics of hospitality production: reducing costs and improving the quality of decisions through
economic analysis. International Journal of Hospitality Management. 12(4), 337-352. Retrieved from:
https://doi.org/10.1016/0278-4319(93)90050-J
 Song H, Dwyer L, Li G, CAO Z. (2012). Tourism economics research: A review and assessment. Annals of Tourism
Research, 39 (3), 1653-1682. Retrieved from: http://dx.doi.org/10.1016/j.annals.2012.05.023.
 Suhel, A B. (2018). The role of tourism toward economic growth in the local economy. Economic Journal of Emerging
Markets, 10(1), 32-39. Retrived from: 10.20885/ejem.vol10.iss1.art4.

XII. Course Requirements

A. Completion of Modules tasks and activities

B. Written/online Examinations
C. Participation to Synchronous/Asynchronous Lecture Discussion

XIII. Grading Criteria

Module tasks and activities - 60%

Major Examinations - 40%

Midterm - 50%
Finals - 50%

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 TOTAL 100%

XIV. Flexible Learning Classes policies

1. Attendance and punctuality to all synchronous sessions are mandatory.
2. Cheating or copying from other works or modules are strictly prohibited.

3. All submissions online should be done through the LMS and email provided by the instructor.

4. All questions and concerns during asynchronous tasks or activities is through the class group chat and strictly no private messages.

5. Submission of late activities or works will result in a 20% decrease on its total points.

6. Unexcused absences will result to the loss of points on activities while excuse absences (with valid reasons and proofs) are still aloud
to pass activities and must show to the instructor on the following day for full credit, and,

7. Other applicable in consonance to par (2), Section 78, Rule 20 of the Students’ Handbook of NSU

XV. Consultation Hours

Every first Wednesday of the month 8:00 – 11:00 in the morning
XVI. Additional Requirements
A. Off-campus activities
a. None
B. Extension/Outreach programs
a. None
C. Development of instructional materials
a. Module in Applied Economics submitted to Production Office.

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