Course Title

Course No.
School Year and Term
Faculty
Course Pre-Requisites
Course Description
Week Number Topic/Content Instructional Delivery/Strategies/Activities Assessment
Evidence of
Performance
1
Session 1
OVERVIEW
Establishing the nature and relevance
of Economics; basic Economic
concepts; tools for Economic analysis
1. Powerpoint presentation to introduce the Course
2. Video presentation on the relevance & importance of
Economics
>>> www.youtube.com/watch?v=UgStkKhXXcw
>>> www.youtube.com/watch?v=PETPLXuuoIQ
>>> www.youtube.com/watch?v=kCQfqjhnC2E
3. Economics Game -- Show & Tell: Identification & classification
of current issues & reports by students.
4. Synthesis: converting Game results & additional student inputs
into a Concept Map. Do the inputs, when organized visually,
relate to the Course Outline?
Assigned web links for Session 2:
http://cstl.syr.edu/fipse/tabbar/contents.htm
http://lilt.ilstu.edu/gmklass/pos138/datadisplay/sections/goodch
arts.htm
http://wps.pearsoncustom.com/pls_1256647969_pwo/217/5569
2/14257338.cw/content/index.html
Group Work/Project:
Each group to monitor &
record, on a weekly basis,
the prices of the following
products: (1) diesel/liter
(2) gasoline/liter (3)
sugar/kilo (4) jeepney fare
(5) rice/kilo (6) pandesal
(7) galunggong/kilo (8)
tomatoes/kilo (9)
chicken/kilo (10) pork/kilo
(11) beef/kilo (12) cooking
oil. Prices to be recorded
in a workbook to be given
by Professor. Results to be
processed before
Midterm.
Economic Game,
basic/primary data
gathering & recording,
trend analysis
An introduction to the fundamental concepts, principles, theories, and issues in Economics, including Agrarian Reform, Taxation, and Cooperatives.
1. Manifest knowledge and skills in applying economic concepts, principles and theories in understanding vital economic issues and problems.
2. Demonstrate an ability to make sound and ethical economic decisions in the students' everyday life.
3. Show an understanding of how the Philippine economy works in relation to the global economy.
4. Exhibit financial literacy & practical appreciation of financial management.
SYLLABUS
ORIENTATION AND PRELIMINARY ACTIVITIES
Course Learning
Outcomes
Economics Education
TCG-SS-01
2014-2015: 1st Term
Jaime V. Florentino, M-AE (email: jflor9@yahoo.com)
None
COURSE CONTENT
Session 2
Continuation of Overview/Intro to
Economics
1. Powerpoint presentation on statistical tables & various types
of graphs & charts commonly used in Economics
2. Classroom exercise: constructing line, bar, pie charts
Assigned web links for Session 3:
>>>
http://www.ssag.sk/SSAG%20study/EKO/scarce%20resources.pdf
>>>
http://www.vrml.k12.la.us/curriculum/ms/8th_grade/ss/unit2/U
n2Act6/4BasicQuestionBLM.pdf
>>>
http://isite.lps.org/bkabour/documents/EconomicSystemsNotesE
P.pdf
Group Work/Project:
(1) Convert statistical data
to be given by the
Professor into an
appropriate table, graph
or chart.
(2) Provide summary
analysis/implications.
Output to be submitted
thru LMS. Critique of a
selected report to be
conducted at start of next
class.
Basic Economic data
processing
2
Sessions 3- 4
Continuation of Overview/Intro to
Economics
1. Critique of selected Group Report
2. Powerpoint presentation: issue of scarcity; the 4 basic
Economic questions, and the 3 major economic systems
3. Mini Class Debate: Which economic system is the best?
Links to required reading for Session 5:
>>>
http://www.glencoe.com/sec/socialstudies/ose/econtt/sample/d
ocs/Chap07.pdf
>>> http://www.pearsoned.co.nz/media/358719/education-pdf-
senior-economics-workbook-sample-pages.pdf
Individual Report:
Each student to select an
Economics-related
news/report in any major
daily & provide summary
& analysis. Report to be
submited thru LMS.
Standards for evaluation
provided at end of
syllabus. Critique of
selected report/s to be
conducted next class.
Economic review &
analysis
3
Session 5
Introduction to Microeconomics:
A look at Consumer & Firm Behavior;
Demand & Supply; Understanding the
Law of Demand & Supply;
Differentiating the different types of
Economic Goods; Inquiry on the
concept of Elasticity, its practical uses
1. Critique of selected Individual Report
2. Trading Game (Simulation of Market Operations, Consumer &
Firm Behavior)
3. Powerpoint presentation on Consumer & Firm behavior
4. Powerpoint presentation on Demand & Supply, Law of Demand
& Supply
Link to required reading for Session 6:
>>> http://www.investopedia.com/exam-guide/cfa-level-
1/microeconomics/price-elasticity.asp
Individual Report:
Select another Economics-
related news report in any
major daily & provide
summary & analysis.
Report to be submitted
thru LMS. Evaluation
standards at end of
syllabus also applies.
Critique of a selected
report to be conducted
next class.
Economic review &
analysis, Economics
Game
Session 6
Continuation of Intro to
Microeconomics
Focus on Elasticity
1. Critique of selected Individual Report
2. Powerpoint presentation on Types of Economic Goods,
Elasticity
3. Case Analysis: A look at actual past estimates of elasticity for
various products (focus on Sin Products & Airline Industry)
Links to required reading & workbook for Session 7-8:
>>> http://www.pearsoned.co.nz/media/358719/education-pdf-
senior-economics-workbook-sample-pages.pdf
>>>
https://www.etsu.edu/coe/uschool/faculty/campbell/economics/
1chap07.pdf
>>> http://www.youtube.com/watch?v=9Hxy-TuX9fs
Economic review &
analysis
4
Sessions 7 - 8
Market Structures:
Comparing various market structures
(Perfect Competition; Monopoly;
Oligopoly; Monopolistic
Competition), establishing the
advantages and limits of perfectly
competitive markets, presence &
effects of market failures
1. Critique of selected Individual Report
2. Powerpoint presentation on Types of Market Structures
3. Class Discussion:
Fact: Textbooks say that Perfect Competition is the best
economic structure!
Question: how come recovery still eludes the US and poverty is
still prevalent in Phl?
Lecture Notes for next Session to be provided by Professor
Group Report:
Evaluate selected local
industries as to possible
type of market structure:
banks, airline, oil/gas,
personal computers,
cellfones, internet cafes,
sari-sari stores.
Are all monopolies to be
avoided?
Reports to be submitted
thru LMS & evaluated
using same standards at
end of syllabus.
Economic review &
analysis
5 - 6
Sessions 9 - 10
Introduction to Macroeconomics,
Overview of Development
Economics:
Understanding GDP, GNP, GNI,
Inflation, Unemployment, Poverty,
Income Distribution. Distinguishing
growth vs development.
1. Critique of selected Grp Report
2. Powerpoint presentation on major macroeconomic indicators
3. Processing of output of data collection assignment from
Session 1
Links for required reading for Session 11:
>>> http://data.worldbank.org/about/country-
classifications/country-and-lending-groups
>>>
http://hdr.undp.org/sites/default/files/hdr2013_en_summary.pdf
Group Report/Project:
Each group to compile,
present & analyse the
country's time-series
macroeconomic data on
the following: GDP,
Inflation, Unemployment
Rate, Foreign Investments,
Remittances, Poverty,
Foreign Trade.
Report to be submitted
online thru LMS prior to
next class. Each group to
make short PPT
presentation at start of
next class.
Economic analysis
Session 11
Continuation of Intro to
Macroeconomics, Overview of
Development Economics
Inquiry on the level of Philippine
development relative to rest of the
world
1. Short group presentations on results of macroeconomic data
collection & analysis
2. Lecture on the importance of Development Economics;
diffrentiating growth from development
3. Presentation of the country's 1980 and 2007 macroeconomic
indicators: significant changes, implications, and possible
direction in the short- and long-run. Comparative analysis of data
with respect to other Asian countries will be performed.
4. Mini Class Survey: is the Philippines a poor country?
5. Placing results of Mini Class Survey within context of actual Phl
ranking in terms of growth & development
6. Medium Term Philippine Development Plan
Links to required readings for Session 13:
>>> http://budgetngbayan.com/budget-101/budget-legislation/
>>> http://www.treasury.gov.ph/wp-
content/uploads/2014/04/yr_corsum.pdf
Group Report/
Forecasting Game: each
group to submit their best
estimate of Phl's 2nd Q
real GDP growth, using
what they have learned so
far. Closest estimate to
NSCB announcement by
end-Aug to receive bonus
points in Finals.
Economic analysis,
Economics Game
Session 12
7
Session 13 - 14
The Government & the Economy:
Understanding & appreciating the
role of the Government in the
economy. A close look at Fiscal &
Monetary Policy; their effects on
economic activity, role during
economic fluctuations.
1. Powerpoint presentation on Fiscal Policy
2. Overview of Phl government budget
3. Data analysis: taxation; budget deficit, implications.
Links to required reading for Session 15:
>>> http://www.bsp.gov.ph/monetary/targeting.asp
>>>
http://www.bsp.gov.ph/downloads/Publications/FAQs/targeting.
pdf
Group Report:
Evaluate 1st Semester
2014 fiscal position of the
Philippine Government: Is
a fiscal crisis in the offing?
Reports to be submitted
thru LMS.
Economic analysis
MID TERM EXAMINATION
8
Session 15 - 16
Continuation: The Government &
the Economy
Focus on Monetary Policy (MP)
1. Critique of selected Grp Report
2. Powerpoint presentation: BSP & MP; tools of MP
Individual Report:
Select another Economics-
related news report in any
major daily & provide
summary & analysis.
Report to be submitted
thru LMS. Evaluation
standards at end of
syllabus also applies.
Critique of a selected
report to be conducted
next class.
Economic analysis
9
Session 17
Debriefing on BSP Lecture &
Congress Visit
1. Critique of selected Individual Report
2. Class Sharing on BSP, Congress Experience (special focus on
realization/s with respect to financial literacy, wealth creation,
responsible consumerism)
Links to required readings for Session 18:
>>>
http://www.un.org/cyberschoolbus/briefing/globalization/globali
zation.pdf
>>>
ftp://ftp.cgiar.org/isnar/Publicat/globalization/Glob_06%20ch01.
pdf
>>> http://www.buzzle.com/articles/advantages-and-
disadvantages-of-globalization.html
>>> http://www.slideshare.net/gerhaldvillasis/globalization-as-a-
philippine-reality-by-villasis
Group Report:
Household Family Income
Analysis
(Identifying, addressing
gaps & risks relating to
family income and
expenses)
Financial literacy
Session 18
Understanding & exploring
Globalization:
What is globalization, its advantages
and disadvantages? Understanding
data on exports, imports; BOP; BOT;
trade surplus; trade deficit; exchange
rate. Analysing barriers to trade;
economic integration. Understanding
international trade organizations.
1. Powerpoint presentation on globalization
2. A look at trade & other external indicators
Group Report:
Understanding multilateral
institutions & economic
aggrupations (WB, IMF,
WTO, ASEAN, APEC, EU,
UN). Reports to be
submitted thru LMS.
Economic analysis
10
Session 19 Continuation: Globalization
1. Group Presentations on international organizations &
aggrupations
Individual Report:
Revisit your first two
individual economics-
news analysis.
Expand/provide new
summary & analysis.
Identify changes in your
analysis, presentation,
data usage. Same
standards apply.
Submission thru LMS.
Economic analysis
Session 20 Continuation: Globalization
1. Continuation of Group Presentations on international
organizations & aggrupations
2. Synthesis of reports
Links to required readings & video presentations for Session 21-
22:
>>> http://hal.archives-ouvertes.fr/docs/00/78/54/83/PDF/2092-
3549-1-PB.pdf
>>>
http://workspace.unpan.org/sites/internet/Documents/S3PH09%
20Impact%20of%20the%20Global%20Financial%20and%20Econo
mic%20Crisis%20on%20the%20Philippines.pdf
>>> http://wikieducator.org/images/5/57/Banking.pdf
>>> http://www.ugr.es/~franrod/ingrowth04.pdf
>>>
http://www.bus.indiana.edu/riharbau/RePEc/iuk/wpaper/bepp20
09-02-fratianni-marchionne.pdf
>>> http://www.youtube.com/watch?v=JVSpPXterd0
>>>
http://www.neok12.com/video/Banking/zX486f7e5a58016c5d43
040a.htm
>>> http://www.southparkstudios.com/clips/27im67/the-
importance-of-saving-money
>>> http://www.youtube.com/watch?v=0zPyZZIvwCc
11
Sessions 21-22
Overview of Money & Banking, A
look at the 2007-2008 US and Global
Financial Crisis
1. Critique of selected individual reports
2. Lecture on banks' importance to economic development &
stability, their role in the recent US and global economic
recession. 3. The importance of
savings & investments.
4. Revisiting the 2007-2008 US & global financial crisis; effects on
small economies like Phl
12
Session 23 FINAL EXAMINATION
NO OF HOURS
FLA 1
Basic price data gathering &
monitor
ing 4
FLA 2 Special tutorial: creating tables charts using Excel 2
FLA 3 Financial Literacy Lecture at BSP * 4
FLA 4 Visit to Congress (HOR/Senate) for Legislative Briefing * 2-3
FLA 5 Seminar: Family-based projects & small/micro businesses 3
FLA 6 Online Discussion via PNU E- online sourcing of vital economic data 2
FLA 7
FLA 8
FLA 9
FLA 10
Total 17 hours
FLEXIBLE LEARNING ACTIVITIES
Lecture Highlights & assigned Readings: to be provided/announced by the Course Professor. Students are expected to read all materials before lecture date.
Course Requirements
Midterm & Final Exams 40%
Group & individual Reports 40%
Class Participation 10%
Attendance 10%
*Subject to approval & final arrangement with involved agencies
Suggested References:
Blanchard, Olivier (2006). Introduction to Macroeconomics, 4th Edition.
Besanko, D. & Braeutigam, R. (2006). Microeconomics, 2nd Edition.
Human Development Report 2013. United Nations Development Program.
ADB Key Indicators 2013. Asian Development Bank.
Todaro, M. et al (2011) Essentials of Development Economics, 10th Edition
REQUIRED READINGS:
"Rich Dad, Poor Dad" by R.T. Kiyosaki
"Freakanomics" by S. Levitt, S. Dubner
"50 Economic Ideas" by E. Conway
Additional Supplementary Materials
Course Policies
Students are expected to observe the Academic Policies and Code of Conduct and Discipline based on the University Student Handbook.
In addition, the following guidelines shall be observed:
On tardiness: all students are expected to be in class on time. Doors will be closed 10 minutes after start of class. The University policy on allowed absences shall apply.
Individual Reports shall be submitted online not later than two (2) days after relevant date of the class.
Group Reports shall also be submitted online within one (1) week after assignment of topic.
Appropriate deductions shall be imposed on late submissions.
Students are required to submit parental or guardian consent for off-campus activities/visits/lectures/tutorials.
Cellfones must be turned off or muted during class.
Courteous attention to lectures, reports, and class discussions shall form part of grading for class participation.
Method and schedule of exams may be changed, subject to prevailing conditions.
Consultation Period: to be determined throughout Term