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Bachelor of Science in Entrepreneurship

(Level I- Accredited AACCUP, Inc.)


COURSE OUTLINE
First Semester A.Y. 2015-2016
Course Title:
Course Code:
Units;
Pre- requisite:
Faculty:
School:
Time:

Microeconomics
SOC SCI 224
3
Macroeconomics
School of Liberal Arts
3 hours/ week

Course Description:
The course offers the student on basic and relevant economic principles and concepts
dealing in micro level. The said course will hopefully enlighten the students and enable them to
distinguish economic concepts through basic economic analysis.
Course Objective:
At the end of the course, the student should be able to:
1. Understand the main concepts, principles and theories employed within the field of economics.
2. Apply economic concepts and principles to explain and analyze contemporary events at micro
levels.
3. Understand the various market structures.
4. Ability to explore ideas to minimize the costs and maximize output with concern the demand of
economy.
TOPIC
Prelimenaries

WEEK
1st Week

a.MSC Vision and Mision


b.SICS Goals and Objectives
I.Introduction
1.1. Concept of economics

1st Week

1.2. Goals of economics


1.3. Relation of economics to other branch of
Social science
1.4. Branches of Economics
1.5. Methodologies of Economics
1.6. Scientific Method of Economics
II. Concept of Scarcity, Needs and Wants
2.1. Scarcity
2.2. Needs.
2.3. Maslows Hierarchy of Needs
2.4. Wants

2nd Week

III. Economic Problems and the Economy


3.1. Three basic economic problems
3.2. Significance of Economic system
3.3. Circular flow of economy
3.4. Law of Scarcity
IV. Elements of Demand
4.1. Law of Demand
4.2. Determinants of Demand
4.3. Demand Function
4.4. Demand Curve
4.5. Demand Schedule

3rd-4th Week

5th-6th Week

V. Elements of Supply
5.1. Law of Supply
5.2 Determinants of Supply
5.3 Supply Function
5.4. Supply Curve
5.5. Supply Schedule
5.11. Market Equilibrium 5.5. Budget
Line
VI. Concept of Elasticity
6.1. Demand Elasticity
6.2. Supply Elasticity

7th- 8th Week

9th- 10th Week

MIDTERM EXAMINATION
11th Week

Unit VII. Consumer Behavior


7.1. Concept of Choice Utility
7.2. Law of Diminishing Marginal Utility
7.3. Consumer Equilibrium
7.4. Indifference Curve
7.5. Budget Line
VIII. Concept of Production
8.1. Theory of Production
8.2. Three Stages of Production
8.3. Computing for the Marginal Rate of
Technical Substitution (MRTS)
IX. Analysis of Cost, Profit and Total
Revenue
X. Market Structure
10.1. Perfect and Imperfect Market
10.2. Short -run and Long-run Analysis of
Perfect Competition
10.3. Forms of Imperfect Market
10.4. Monopoly
10.5. Oligopoly
10.6. Monopolistic Competition
10.7. Monopsony
10.8. Oligopsony

12th - 13th Week

14th - 15th Week


16th-17th Week

FINAL EXAMINATION

Final Grade Evaluation System:


Class Participation/ Attendance/ Quizzes/ Recitation
Projects/ Research Paper/ Reaction Paper /Written Report
Major Exams (Midterm & Final Examination)
TOTAL:

30 %
30%
40%
100%

References:
1.Economics: Principles and Applications, 2000, Achiles C. Costales, Amelia L.
Bello, Ma. Angeles o. Catelo, Agham C. Cuevas, Gregmar I. Galinto, U Primo
E. Rodriguez
2.Economics, Taxation and Agrarian Reform, Carlos L. Manapat, raymund
Julio A. Olaguer, Fernando R. Pedrosa
3.Economics Concepts and Principles (with Agrarian Reform and Taxation)
Second Edition Bon Kristoffer G. Gabay, Roberto M. Remotin Jr. Edgar Allan M.
Uy, Anna Corrina D. Pizarro-Uy
4. Agrarian Reform and taxation ( with Cooperatives and CARP), 1988 revised
Edition, Hector S. De Leon
5. Principles of Economics Philippine Copyright, 2008 by: Cristobal M. Pagoso,
Rosemary p. Dinio, George A. Villasis