Philippine Science High School-Cagayan Valley Campus

Bayombong, Nueva Vizcaya

Social Science 5 Curriculum

Basic Economics

SCOPE AND SEQUENCE COURSE REQUIRMENTS

First Quarter
A. Introduction to Economics a. Short Quizzes
I. Significance of Economic Study b. Long Tests
II. Definition of Economics c. Oral Recitation
A. Economic as a Social Science d. Case analysis
B. Pitfalls in Economic Reasoning e. Comparative Analysis
C. Positive and Normative f. Graphic Organizer
Economics
B. Basic Concepts
I. Efficiency
II. Scarcity
III. Opportunity Cost
IV. Factors of Production
V. Goods and Services
VI. Basic Economic Problems
VII. Alternative Economic Systems
C. The Market Economy
I. The Invisible Hand
II. Perfect Competition
D. The Government in a Market Economy
I. General Economic Functions of
Government
II. Market Failures
E. Introduction to Microeconomics
I. The Demand Curve
II. Factors affecting Demand
III. The Supply Curve
IV. Factors Affecting Supply
V. Market Equilibrium

Second Quarter
A. Elasticity a. Short Quizzes
I. Elasticity of Demand b. Long Tests
II. Elasticity of Supply c. Seat Works
III. Tax Incidence d. Film analysis
B. Consumer Theory f. Case Analysis/Case Study
I. Utility g. Comparative Analysis
II. Consumer Behavior
C. Producer Theory
I. Production
II. Technology
III. Cost
IV. Producer Behavior
D. Market Structures
I. Perfectly Competitive Markets
II. Imperfectly Competitive Markets
III. Competition Policy

Third Quarter
A. Introduction to Macroeconomics a. Short Quizzes
I. Macroeconomic Objectives and Policies b. Long Tests
II. Aggregate Supply and Demand c. Seat Works
B. National Income Accounting d. Case Analysis/Case Study
C. GNI Expenditure Components e. Graphic Organizer
I. Consumption
II. Investment
III. Government
IV. Net Exports
D. International Trade

Fourth Quarter
A. Money and Banking a. Short Quizzes
I. Functions of Money b. Long Tests
II. History and Evolution of Money c. Case Analysis/Case Study
III. The demand for Money d. Business Plan/Proposal
 IV. The Money Supply
V. Central Banking
B. Introduction to Entrepreneurship
I. Market Structures
II. Business organizations
III. Entrepreneurship terms and Concepts
C. Simple Business Plan
I. Function and Importance
II. Essential Parts

Grading System
50% Test Requirements
15% Long Test/s
25% Periodic Exam
10% Short Quizzes
50% Non-test Requirements
10% Assignments/Seatworks
15% Recitation and Case Analyses
25% Project Proposals
______________________________________
TOTAL: 100%

Prepared by: Mr. Joseph Philip A. Addauan Jr.