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Course Description :
This course introduces the student to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical
techniques that economists use to represent these ideas (optimization, equilibrium, and adding-up constraints). Most of the course is devoted
to price theory, elasticity, price regulation and consumer choice, which is the analysis of the role that price play in facilitating coordination
in a market economy. The last part of the course deals with situations where coordination through prices may not result in desirable outcomes.
This includes market structures: competition and monopoly, and monopolistic competition and oligopoly.
Course Objectives
Grading System
:
Midterm Grade
60% Partial Class Standing (includes all aggregate CS grades prior to the midterm exam)
40% Midterm Exam
Final Course Grade
50% Final Class Standing (includes all aggregate CS grades for the whole semester)
20% Midterm Exam
30% Final Exam
Class Standing (CS) Components
Page 1 of 5
- Quizzes (inclusive of Long Tests), Assignments, Seatwork, Research Papers, Class Activities and Class Participation
SUGGESTED
NUMBER
SPECIFIC OBJECTIVES
CONTENTS / TOPICS
STRATEGIES /
OF WEEK /
METHODS
HOURS
At the end of the semester, the
MODULE I
students are expected to:
NATURE OF ECONOMICS
Compare and contrast
microeconomics and
macroeconomic; normative and
positive economics
Discuss the factors and production
and the Production Possibility
Curve
Understand the meaning of scarcity
and its implication to societys
choices
A.
B.
C.
D.
E.
F.
G.
MODE OF
EVALUATION /
ASSESSMENT
Lecture
Discussion
Debate
Week 1- 3
9 hours
Quizzes
Seatwork
Recitation
Group Presentation
Lecture
Discussion
Practical
Applications
Week 4 - 6
9 hours
Quizzes
Seatwork
Recitation
Week 7
3 hours
Quizzes
Seatwork
Recitation
MODULE II
THE LAW OF DEMAND AND SUPPLY
A.
B.
C.
D.
E.
F.
G.
A.
B.
C.
D.
E.
Lecture
Discussion
Practical
Applications
Page 2 of 5
MODULE IV
CONSUMER BEHAVIOR
A.
B.
C.
D.
E.
F.
Consumer Preferences
Indifference Curves
Consumer Choice
Marginal Utility and Consumer Choice
Law of Diminishing Marginal Utility
Budget Constraints
Week 8
3 hours
Lecture
Discussion
Practical
Applications
Quizzes
Seatwork
Reaction Paper
Week 9
3 hours
MIDTERMS
MODULE V
PRODUCTION FUNCTION
A.
B.
C.
D.
E.
F.
G.
H.
Week 10-11
6 hours
Quizzes
Seatwork
Recitation
Week 12-15
12 hours
Quizzes
Seatwork
Recitation
Lecture
Discussion
Practical
Applications
MODULE VI
MARKET STRUCTURES
.
Discuss the different market
structures, their characteristics and
profit maximization.
A.
B.
C.
D.
Pure Competition
Monopoly
Monopolistic Competition
Oligopoly
MODULE VII
COMPETITIVE FACTOR MARKETS
Lecture
Discussion
Practical
Applications
Page 3 of 5
A.
B.
C.
D.
E.
F.
Week 16-17
6 hours
Lecture
Discussion
Practical
Applications
Quizzes
Seatwork
Recitation
Week 18
3 hours
Page 4 of 5
REFERENCES
Arnold, Roger A. (2010). Microeconomics. Victoria, AUS Cengage Learning.
Cruz, Peter T. (2011). Introduction to Economics. QC, Phils. C&E.
Leano, Jr. Roman D. and Corpuz, Ronald M. (2012). Fundamentals of economics with agrarian
taxation and
cooperatives. Manila, Phils. Mindshapers.
San reform,
Beda College
Alabang
McConnell, Campbell R., Brue, Stanley L. and Flynn, Sean M. (2012). Microeconomics: principles,
policies. New York, NY McGrawHill/Irwin.
Collegeproblems
of Arts andand
Sciences
Taylor, John B. and Weerapana, Akila (2010). Microeconomics. Victoria, AUS Cengage
BusinessLearning.
Administration & Entrepreneurship Department
Tucker Irvin B. (2010). Microeconomics for todays world. Victoria, AUS. South-Western.
Prepared by:
Business Administration & Entrepreneurship Department
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