CONTENT/TOPICS TIMEFRAME

(hrs)
Remarks
Part 1: Basic Economics
I. Basic Economic Principles
A. What is Economics
B. Economic Resources
C. Economic Systems and Tools


3

II. Economic Activities
A. Circular Flow of Economic Activities
B. Supply and Demand
C. Production, Cost and Profit
D. Monopoly and Competition
E. Philippine Financial System
F. Money and Monetary Policy

3


3


IV. Political Economy
A. Political Economic Framework
B. Two Ideal Type Political Economies
C. Key Problem for Each Ideal Type Political Economies
D. Mixed Economy
E. Isms in Political Economy

3


3

Part 2: Taxation
V. General Principles of Taxation
A. Taxation
B. Nature of Taxation
C. Taxation Distinguished from other Powers of the State

2

3

VI. Limitation on the Powers of Taxation
A. Inherent Limitations of Taxation
B. Constitutional Limitations

4

VI. Double Taxation and Tax Exemptions
A. Kinds of Double Exemptions
B. Kinds of Tax Exemptions

5


VII. Income Taxation
A. Definition of: Income, Income Tax, Gross Income, and
Taxable Income
B. Personal and Additional Exemptions
C. Computation of Individual Income Tax
D. Filing of Returns and Payment

3

2

2

Part 3: Agrarian Reform
VIII. Land Reform
A. Meaning of Land Reform
B. Meaning of Agrarian Reform
C. Components of Agrarian Reform

3

2

IX. Aspects of Agrarian Reform
A. Economic, Socio-cultural Biblical, Moral, Legal, and
Political Aspects
B. History of Philippine Agrarian Problem
C. The Role of Peasants and Land Lord

3

1

X. RA 6657 or Comprehensive Agrarian Reform
Program
A. Need for CARP
B. Objectives of the CARP
C. The CARL (Comprehensive
Agrarian Reform Law)


3

3

Total (54 hrs)