POLYTECHNIC COLLEGE OF DAVAO DEL SUR

COURSE SYLLABUS
2nd Semester, S.Y. 2016-2017

Course Code : Soc. Sc. 3

Course Title : Basic Economics, Taxation & Agrarian Reform

Course Credits : 3 units

Course Students : 3rd Year BSN Students

Days & Room :

Course Instructor : CRISPIN M. TIZON

Masters in Public Administration (for COMPRE Exams)
Cor Jesu Graduate School Digos City, D/S
Bachelor of Laws (undergraduate)
Cor Jesu College of Law Digos City, D/S
Bachelor of Arts major in Political Science, U.M. Davao City

E-mail Ad : padztizon@gmail.com

COURSE OBJECTIVES

A. General Objectives At the end of the course the student should be able to:
1. Have a clear insight of economic concepts, principles, and variables
significant in the understanding of the performance of the economy,
2. Understand the economic behaviors of the different economic units
such as the consumers, firms, government, and foreign sector.
3. Solve mathematical problems as applications to economic concepts
and/or theories.
4. .Appreciate events in economic history and understand how the
present-day system of economic came to be.
5. Learn the ways in which the economics explain the activities of man
through its tools, models, principles and standards.
6. Make use of production and consumption concepts in business
endeavors or simply in understanding peoples economic behavior.
7. Manage economic and financial affairs; thereby, achieving a good
standard of living for ourselves, our families and our nation.
8. Understand governments functions in economics and choose leaders
who are economically sensible.
9. Understand what is happening in the economy of the Philippines and
the world and know how nationwide and worldwide economic policies and
events affect us all.

B. Specific Objectives.
Specifically, the student should be able to:
1. Understand the need to choose from limited alternatives due to the
concept of scarcity,
2. Emphasize the importance of the efficiency criterion in making
judgments,
3. Understand the important concepts in determining the sensitivity of
producers and consumers in responding to price and income changes,
 4. Determine the effects of tax impositions to different organizations and
entities, and
5. Understand the important contributions of land reform in the life of
tenants and on the concept of distribution (of wealth)

COURSE OUTLINE

CHAPTER 1: THE NATURE AND SCOPE OF ECONOMICS

1. Definition of Economics
2. Importance of Economics
3. Nature of Economic Choice
4. The Production Possibilities Frontier
5. Fundamental Economic Problems/Questions
6. Types of Economic System
7. Economic Activities
8. Economic Resources
9. Economic Goals
10. Economic Models
11. Ceteris Paribus
12. Normative and Positive Economics
13. Microeconomics versus Macroeconomics
14. Circular Flow of Income
15. Graphs
16. Linear Relationship

CHAPTER 2: BASIC ELEMENTS OF DEMAND AND SUPPLY

1. The Market
2. Demand
3. Individual Demand and Market Demand
4. Law of Demand
5. Demand Schedule and Demand Curve
6. Non-Price Determinants of Demand
7. Supply
8. Law of Supply
9. Supply Schedule and Supply Curve
10. Non-Price Determinants of Supply
11. Market Equilibrium
12. Shortage and Surplus

D. CHAPTER 3: ELASTICITY AND CONSUMER BEHAVIOR ANALYSIS

1. The Elasticity Concept
2. Demand, Income, and Cross Price Elasticity
3. Elastic, Inelastic and Unitary Demand
4. Importance of Elasticity Concepts
5. The Concept of Consumer Behavior
6. Total Utility and Marginal Utility
7. The Indifference Curve
8. The Budget Line
9. Utility Maximization
E. CHAPTER 4: PRODUCTION & COST
1. Inputs of Production
2. Production Function
3. Total Product, Marginal Product and Average Product
4. Law of Diminishing Returns
5. Three Stages of Production
6. Cost Analysis
7. Economies of Scale
8. Revenue and Cost
9. Profit Maximization

F. CHAPTER 5: MARKET STRUCTURES

1. Basic Market Models
2. Characteristics of Market Models
3. Pure Competition
4. Monopoly
5. Monopolistic Competition
6. Oligopoly
7. Price and Output Determination

G. CHAPTER 6: THE BUSINESS ORGANIZATION

1. Single-Proprietorship
2. Partnership
3. Corporation

CHAPTER 7: INTRODUCTION TO MACROECONOMICS

1. Definition of Macroeconomics
2. Macroeconomic Goals
3. Components of the Macroeconomy
4. Circular Flow of Funds in a Macroeconomy
5. The Role of the Government in the Macroeconomy
6. Business Cycle I.

CHAPTER 8: NATIONAL OUTPUT AND NATIONAL INCOME ACCOUNTING

1. Concept of Economic Growth
2. Indicators of Economic Growth
3. Economic Growth vs. Economic Development
4. Gross Domestic Product
5. Gross National Product
6. Nominal versus Real GDP
7. Approaches to Calculating GDP

CHAPTER 9: CONSUMPTION, SAVINGS AND INVESTMENT

1. Consumption Defined
2. The Consumption Function
3. Consumption Patterns
4. Savings Function
5. Investment Function

CHAPTER 10: INFLATION AND UNEMPLOYMENT

1. The Concept of Inflation
2. Demand-Pull and Cost-Push Inflation
3. Effects of Inflation
 4. Deflation
5. Unemployment and Employment
6. Types of Unemployment
7. Causes and Effects of Unemployment

CHAPTER 11: MONEY, CREDIT AND BANKING

1. Importance of Money
2. Functions and Kinds of Money
3. Value of Money
4. Peso Devaluation
5. Nature and Functions of Credit
6. Credit Instruments
7. Elements of Financial System
8. The Philippine Financial System
9. Bangko Sentral Ng Pilipinas (BSP)
10. Monetary Policies

CHAPTER 12: INTERNATIONAL TRADE

1. International Trade Defined
2. Economic Basis of Trade
3. Absolute Advantage and Comparative Advantage
5. Balance of Trade: Exports and Imports
6. Trade Barriers
7. Economic Issues of International Trade
8. Exchange Rate and Foreign Exchange Market
9. Globalization

CHAPTER 13: FISCAL POLICY AND TAXATION

1. Fiscal Policy
2. Government Spending
3. What is Taxation?
4. Objectives and Characteristics of Taxation
5. Classification of Taxes
6. Philippine System of Taxation

CHAPTER 14: AGRARIAN REFORM

1. Land Reform
2. The Comprehensive Agrarian Reform Program
3. Beneficiaries and Other Issues

COURSE REQUIREMENTS:

Note: Submissions of academic papers and assignments beyond the deadlines will not
be entertained/accepted/approved!

A research paper and/or term paper is a major requirement in this course. This is a
group work. Each group should have two (2) members each. Use 8.5 by 11 bond
paper; font size should be 12 if you use Times New Roman or 11-point size if you use
Arial (Dont use other font type!); one inch in all margins; double space; and with a title
page. Contents of the research/term paper, e.g., format, will be discussed to you.

The research group can choose topics which will be announced later.
Group Facebook Account (BETAR-BSN3) is created for the students to download their
respective report topics 3 days before their corresponding class reporting. It is also
made for avenues of information and some important class topics and assignments.
Students are mandated to join the group account.

For the exams, questions will be composed of either multiple-choice, matching type,
true or false, fill-in the blanks, and essay questions. Coverage includes but not limited to
the questions on short quizzes and the other exams.

Short Quizzes There will be a minimum of eight (8) short quizzes to be given for the
entire semester. All questions are objective type. Questions could be enumeration,
multiple choice, or true-or-false. Each quiz consists of not less than 10 items but not
more than 30 items. They will be given right after the lecture-discussion but the topics
covered are those that have been discussed before. This type of test will measure your
memory. Please be aware of the dates of the short quizzes.

Class Participation Class participation will measure your involvement during

discussions. This class is not designed for a one-way process; this is a two-way
communication. Therefore, recitation is of vital importance. If there is something that is
not clear to you, you better ask. You are free to disagree with me or your classmates
even at the middle of my lecture. Exercise your freedom of expression. Just make sure
that you are able to defend and justify your position.

GRADING SYSTEM:

should be based on the school policy and procedure

CLASSROOM POLICIES:

The moment you enrolled in the college, you agree to submit yourself to the school
policies. Academic institutions are not social clubs; we have rules to follow.

Attendance It is your responsibility to come to class on our schedule and on time. I

will be checking your attendance regularly. Inform me early if you will be late or if you
will leave early. The 3rd absence will qualify you to receive a W/F (withdrawal failure)
mark equivalent to a grade of 60. Necessary warnings will be given to you with
excessive absences and names of students who have incurred 3 absences will be
reported to the College Director/Dean so that necessary notice can be given to the
parents/guardian.

Three (3) tardiness marks would mean one (1) day of absence. A student who leaves the
classroom and stay out for the duration of the class period without the professors
permission shall be marked absent. However, don't use this as an excuse for you to
come to class late. This time allowance has been designed for working students and
those who have children to take care of before going to school. Unavoidable
circumstances like traffic are also given consideration.

Cellphone and Other Electronic Gadgets Policy I strongly discourage you using your
cellphones, laptops, and other similar gadgets while we are having class discussions. It
does not only distract me; it is also annoying to your classmates who are listening to my
lectures. You are expected to demonstrate respect to everyone and avoid disruptive
behaviors.

Make-up Exams I do not give make-up exams EXCEPT for serious illness or death in
the family. Do not make other commitments on the scheduled dates of examinations. If
you have your examination permit signed by the authorized school authorities and you
fail to take the exam, you will get a grade of 60% or 5.0 on that particular exam. Failure
to take the final examination because of unpaid tuition fee, on the other hand, would
mean an INC grade. There is NO EXEMPTION.

Academic Integrity You are expected to maintain academic integrity at all times.
Avoid cheating during quizzes and examinations. When you cheat, you are making a
contribution to the degradation of the quality of your college education. Plagiarism will
not be tolerated as well. In every academic paper you submit, make sure that you cite
properly the authors/institutions of your references. Claiming something as your own
when you actually copied it from someone is a clear violation. Hiring someone to do
your assignments, research papers, or other related works is also an offense to academic
integrity. Any violation committed will have a corresponding disciplinary action as
outlined in the College Student Handbook.

Index Cards - You are required to submit an index card no later than the 2nd class
meeting containing the following information:

Front:

a. Last Name, Given Name, Middle Name

b. Address
c. E-mail ad

If you follow all these policies, you will surely survive in my subject.