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Republic of the Philippines

BOHOL ISLAND STATE UNIVERSITY


Main Campus
CPG North Avenue, Tagbilaran City
Vision: A premier S&T university for the formation of a world class and virtuous human resource for sustainable development in
Bohol and the country.
Mission: Committed to provide quality and innovative education in strategic sectors for the development of Bohol and the world.

COLLEGE OF ENGINEERING, ARCHITECTURE & INDUSTRIAL DESIGN


Second Semester- AY 2010-2011

Subject Code
Nomenclature
Units Credit
Prerequisite Subject

: Soc Sci 1
: Basic Economics with Taxation and Agrarian Reform
:3
: None

I. Course Description
This course presents a general background of economics, the interaction of its various
elements and its effect in general to peoples lives. Specifically, it provides an introduction to
economics and economic concepts in theory, policy and practice, with particular reference and
emphasis to the Philippine economic experience. It also includes a general background of the
laws of taxation and land reform.
II. Course Objectives: At the end of the course, the student are expected to:
Cognitive:
1. To appreciate the importance of taxation as means of supporting the government in
sustaining its programs and projects as opposed to common notion on taxation as a burden.
2. To realize the necessity for land reform program as means of states pursuit of social justice.
3. To instill in the students human values and cultural refinement through the humanities and
social sciences.
4) To understand other political and governmental systems, their ideological basis and compare
these with the Philippine system;
5) To understand the basis of the agrarian laws in the economic perspective and evaluate the
significance of land reform to the landless poor.
Psychomotor:
1. To have critical studies and discussions of the basic economic principles and processes i.e.
resources, market, money etc.
2. To describe and evaluate selected economic policies and issues in relation to how these
affect the Filipino nation and the lives of the people.
Affective:
1. To inculcate high ethical standards in the students through its integration in the learning
activities.
2. To identify and internalize citizen's economic rights and responsibilities to develop their sense
of nationalism and love of country.
III. Methodologies/Strategies/Techniques
Lecture
Brainstorming
Inductive Method
Group Activity

Class Reporting
Research Paper
Deductive Method
Demonstration

Group Discussion
Interactive Discussion
Exercises Method
Critical Reading

IV. Course Content


CONTENT/TOPICS
Part 1: Basic Economics
I. Basic Economic Principles
A. What is Economics
B. Economic Resources
C. Economic Systems and Tools
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
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
Part 2: Taxation
V. General Principles of Taxation
A. Taxation
B. Nature of Taxation
C. Taxation Distinguished from other Powers of the State
VI. Limitation on the Powers of Taxation
A. Inherent Limitations of Taxation
B. Constitutional Limitations
VI. Double Taxation and Tax Exemptions
A. Kinds of Double Exemptions
B. Kinds of Tax Exemptions
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
Part 3: Agrarian Reform
VIII. Land Reform
A. Meaning of Land Reform
B. Meaning of Agrarian Reform
C. Components of Agrarian Reform
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
X. RA 6657 or Comprehensive Agrarian Reform
Program
A. Need for CARP
B. Objectives of the CARP
C. The CARL (Comprehensive
Agrarian Reform Law)

TIMEFRAME
(hrs)

2
3

3
2
2
3
2

3
1

3
3
Total (54 hrs)

Remarks

V. Course Requirements
A. Regular Attendance
1) All students are required to regularly and promptly attend all class sessions.
2) Midterm: Written Report, Research Paper,
3) Final term: Portfolio
VI. Grading System
Class participation, quizzes, activities, recitation, attendance 33.33%
Major Exams 33.33%
Projects 33.33%
VII. Integration
A. Suggested Topics
1. The Agrarian Code of the Philippines
2. The End of Poverty (Documentary Film)
B. Suggested Activities
1. Class Debate
VII. References
Aban, Benjamin (2006). Law of Basic Taxation in the Philippines. Manila: National Book
Store.
Danziger, James (2000). Understanding the Political World (5th Ed.). New York: Longman.
De Leon, Hector (2002). Textbook on Philippine Constitution. Quezon City: Rex Book Store.
De Leon, Hector (2005). Textbook on Agrarian Reform and Taxation. Quezon City: Rex Book
Store.
Pagoso, Cristobal and Virgilio Pagoso (2004). Principles of Economics. Paraaque: Nelson
Publication.
Internet Sources
Basic Economics Lectures in Social Sciences. Article online. <ocw.mit.edu/Political-ScienceMIT> 13 November 2011.
Land ownership can end poverty in developing countries. Land Reform. Article online.
<www.landesa.org/> 19 October 2011.
Agrarian Reform in the Philippines CHIBA-U. Article Online. <www.h.chibau.ac.jp/mkt/LANDREF> 11 January 2012.

Designed by:
MENELITO P. MANSUETO, M.A.
Instructor

Checked by:
ZINA D. SAYSON, Ph.D.
Dean, CEA

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