ECO100: Introduction to Economics with LRT
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About
This course offers the students a broad perspective of the major fields and basic concepts in modern Economics using graphs, equations, and marginal measures. Topics for discussion include demand and supply analysis, market equilibrium and relationships among macroeconomic variables. Students learn how to measure the Gross National Product (GNP) and the use of fiscal, monetary, and trade policies as instruments for national development and stability. Other topics include land reform and taxation and how different systems of economic policy affect the general welfare.
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MIRIAM COLLEGE
College of Business, Entrepreneurship and Accountancy
Business Administration Department
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COURSE OUTLINE
1st Semester, SY 2009-2010
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Instructor: Ms. Erda Afable
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Course Code: Eco 100
Course Title: Introduction to Economics with LRT
Course Description: This course offers the students a broad perspective of the major fields and basic concepts in modern Economics using graphs, equations, and marginal measures. Topics for discussion include demand and supply analysis, market equilibrium and relationships among macroeconomic variables. Students learn how to measure the Gross National Product (GNP) and the use of fiscal, monetary, and trade policies as instruments for national development and stability. Other topics include land reform and taxation and how different systems of economic policy affect the general welfare.
Credit: 3 units
Prerequisite: N/A
Required Textbook:
Karl E. Case and Ray C. Fair. Principles of Economics. Prentice Hall International, Inc.
Other Resource:
Wiliam J. Baumol and Allan S. Blinder. Economics: Principles and Policy. Dryden Press
Course Objectives:
At the end of the course, the students will be able to:
1. explain basic concepts in micro and macroeconomic principles;
2. identify and discuss economic indicators used in analyzing the performance of the economy, use these indicators to understand and appreciate the Philippine economy, its policies and programs of the government; and
3. use graphs, charts, and other economic analytical tools in written expositions and reports.
Course Content and Timeframe:
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WEEK
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TOPIC
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STRATEGY/ METHODOLOGY
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SKILLS
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VALUES
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STUDENT OUTPUT
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Class Orientation
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1
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Grading System
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-Class Discussions
-Seatwork
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-Communication
Skills
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-Respect for
Others
-Openness
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-Class
Participation
-Seatwork
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Class Requirements/Policies
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Leveling of Expectations
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I. Introduction to Economics
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2
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The Scope and Method of Economics
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-Lecture
-Class Discussions
-Film Showing
-Quizzes
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-Analytical Skills
-Communication
Skills
-Eye for Detail
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-Respect for
Others
-Openness
-Honesty
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-Quiz/Current
Events
-Recitation
-Assignments
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The Economic Problem: Scarcity and Choice
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Production Possibilities and Opportunity Cost
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II. Microeconomics
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3
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Introduction to Microeconomics
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-Lecture
-Class Discussions
-Exercises
-Quizzes
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-Analytical Skills
-Communication
Skills
-Critical Thinking
-Eye for Detail
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-Respect for
Others
-Openness
-Honesty
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-Quiz/Current
Events
-Recitation
-Assignments
-Seatworks
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Demand, Supply, and Market Equilibrium
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4
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Demand and Supply Applications
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5
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Elasticity of Demand and Supply
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6
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Household Behavior and Consumer Choice
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Behavior of Profit-Maximizing Firms
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7
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Market Structures
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8
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Preliminary Examination
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III. Macroeconomics
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9
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Introduction to Macroeconomics
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-Lecture
-Class Discussions
-Film Showing
-Exercises
-Quizzes
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-Analytical Skills
-Communication
Skills
-Critical Thinking
-Presentation
Skills
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-Discipline
-Openness
-Honesty
-Teamwork
-Integrity
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-Quiz/Current
Events
-Recitation
-Assignments
-Seatworks
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Measuring National Income
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10
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The Government and Fiscal Policy
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11
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Money Demand, Equilibrium Interest Rate, and Monetary Policy
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12
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The Labor Market, Unemployment, and Inflation
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Long-Run and Short-Run Concerns
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IV. International Economics and Economic Development
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13
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International Trade, Comparative Advantage, and Protectionism
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-Lecture
-Class Discussions
-Exercises
-Quizzes
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-Analytical Skills
-Communication
Skills
-Critical Thinking
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-Discipline
-Openness
-Integrity
-Professionalism
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-Quiz/Current
Events
-Recitation
-Assignments
-Seatworks
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14
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Open Economy Macroeconomics: The BOP and Exchange Rates
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Economic Growth in Developing and Transitional Economies
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15
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Special Topics:
Land Reform
Taxation
Stock Market
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16
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Final Examination
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EXPECTATIONS FROM STUDENT:
The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the date scheduled. She should read the assigned problems prior to class. She is expected to attend each class and participate actively in the discussions.
ACADEMIC DISHONESTY
All students are expected to be academically honest. Cheating, lying and other forms of unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will receive an F or failure either in the course requirement or in the course. Plagiarism refers to the use of books, notes or other intellectual property without giving proper attribution to its author, or representing the work of another person as one’s own; Cheating refers to securing help in a test; copying tests, assignments, reports or term papers; collaborating with other students during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty.
GRADING:
Assignments/Seatwork 10%
Active Class Participation 10%
Preliminary Examination 25%
Quizzes 20%
Final Examination 35%
100%
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core
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Grade
Equivalent
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Score
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Grade
Equivalent
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97-100
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5
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77-80
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2.5
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93-96
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4.5
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73-76
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2
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89-92
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4
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69-72
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1.5
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85-88
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3.5
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65-68
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1
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81-84
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3
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Below 65
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F
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CONSULTATION HOURS:
Saturdays (2:30 pm to 3:30 pm)