MINDANAO STATE UNIVERSITY-ILIGAN INSTITUTE OF TECHNOLOGY

ILIGAN CITY
CBAA- DEPARTMENT OF ECONOMICS
BS IN ECONOMICS
Course Syllabus
S.Y. 2019-2020
A. COURSE INFORMATION

Course Number ECN110

Course Credit 3
Course 3 hours lecture
Component,
Hours/Week
Course Title Introductory Economics
Course This course is a comprehensive introduction to economics. It covers the major topics on introductory microeconomics and macroeconomics. This course
Description also includes a discussion and analysis of important economic issues affecting the economy such as inflation, unemployment, taxation and land reform.
Prerequisite MAT016 Advance Algebra Co-requisite none
and Trigonometry
Reference/s Introduction to Economic Geography: Globalization, Uneven Development and Place. 2nd edition, Danny Mckinnon, copyright@2012, Taylor & Francis
Publication USA
Introduction to Economics, Land Reform, Taxation and Cooperatives, Anne J. Orejana and Maria Rizalia Y. Teves, copyright@2015, Philippines
Principles of Economics. 8th edition Case, Karl E and Ray C. Fair. , Ed. 2007
Economics. 3rd Stiglitz, Joseph E. and Carl E. Walsh, Ed. 2002
Other Newspapers, Cooperatives in the Philippines- CDA Code, Primer on CARP (RA 6057 ), SDG 2015
Supplemental
Materials
Course Outcome Students are expected to apply economic reasoning to the analysis of selected contemporary economic problems by making an economic data analysis.
Findings will be reported in class.
Course Attendance during the cooperative seminar. Passing is 60%
Requirement
Rubrics Oral presentation and written report
Grading System Class Standing – 25%
Prelim Exam – 25%
Midterm Exam – 25%
Final Exam – 25%
Total 100%
Instructor Lady Lou M. D’Lonsod
B. LEARNING PLAN

Course Intended Learning Outcome Topic Learning Activities Assessment Tasks

(CILO) and
Time allotment/Week
To familiarize the students with the vision and MSU-IIT Philosophy Vision and Mission, CBAA Lecture and discussion on the MSU-IIT and Oral Recitation
mission of the MSU-IIT as well as the vision. Mission and Goals, Nature and Scope of the course, CBAA vision Mission and Goals
Mission and goals of CBAA. Course requirements.
Grading System
0.5 week
To define and distinguish economics from Nature and Scope of Economics as a social science Video clip viewing and interpretation Oral Recitation
other social sciences Discussion Quiz
Basic Economic Problems Article reading on economic problems and
issues
Factors of Production and Production Possibility Graphing and Economic Data interpretation
1 week
The Circular Flow Diagram
To provide students with the tools that explain Law of demand and supply Lecture/discussion Quiz
how the market works Determinants of demand and supply Question and Answer, Computation and economic data gathering
interpretation of economic variables, Research (e.g prices of basic
on simple economic data goods in the market and
Equilibrium Analysis the demand and supply
To explain how prices and quantities bought Changes in demand and supply of these goods)
and sold are determined Individual and market demand and supply Oral Recitation

Demand and Supply Equations

2 weeks
To define and calculate the price elasticity of Price elasticity of demand and supply Lecture Quiz
demand and supply Graphing and mathematical interpretation Assignments
Problem Solving Problem Solving
To explain what determines the price elasticity Income and cross elasticities
of demand and supply
Determinants of price elasticity of demand and
To define and calculate other elasticities of supply
demand
2.5 weeks
To explain the effects of floor and ceiling Applications of demand and supply analysis Lecturer/Discussion Quiz
prices Supplementary reading analysis Oral Recitation
Floor and ceiling prices Graphing and Mathematical interpretation
To explain the market effects of specific and Exercise Tax Incidence Economic Data Analysis
ad valorem taxes

1.5 weeks
To understand how households (demand) and
businesses (supply) interact in various market Circular flow model on Income and Goods and Lecture/Discussion Quiz
structures to determine price and quantity of Services Question and Answer, Computation and Assignment
goods and services produced and consumed. National Income Accounting interpretation of economic variables, Research Oral Recitation
on simple economic data Research data on
To illustrate and explain the circular flow of Nominal and Real GNP economic variables( e.g.
income and the various income accounts. Supplementary Exercises GNP,GDP,NI, etc)
Consumption and saving functions
To distinguish nominal from real GNP.

To explain consumption and saving

To recognize and identify situations leading to

market failures and government failures. 

To evaluate the intent and outcomes of

government stabilization policies designed to
correct macroeconomic problems.

3 weeks
To explain the origin and functions of money, Money Lecture/Discussion Quiz
Computation and interpretation of economic Assignment
To define inflation and distinguish the types of variables, Oral Recitation
inflation Inflation Research economic data
(e.g. unemployment
To discuss the costs and types of rate, inflation rate, etc.)
unemployment Unemployment

1.5 weeks
To enumerate the sources and uses of Public Finance Lecture/Discussion Quiz
government revenues Computation and fill-up of individual tax Oral Recitation
return
To differentiate the types of taxation and taxes Exercises on Tax Computation
Taxation
Compute individual income tax return

1.5 weeks
To discuss the benefits of trade, distinguish the Foreign Trade Lecture/Discussion Quiz
theory of absolute advantage from comparative Trade Barriers Video showing, Computation, Open Forum, Oral Recitation
advantage; determinants of exports and Absolute and Comparative Advantage Article analysis Written and PowerPoint
imports Exports and Imports presentation of their
WTO, ASEAN, APEC, NAFTA report
To explain the importance, roles and functions,
and effects of the different international trade
organizations

To use economic problem solving skills to

discuss the opportunities and challenges of the
increasing globalization of the world
economy. 

1.5 weeks
To comprehend the nature, scope and
objectives of the CARP Comprehensive Agrarian Reform Program Lecture Quiz
Oral report, video showing, PowerPoint show, Oral Recitation
To scrutinize the provisions/guidelines of the concept map Written and PowerPoint
CARL presentation of their
report
1 week
To understand the nature and role of Cooperative Quiz
cooperative in economic development Seminar / Open Forum Oral Recitation
Final Exam
2 weeks
TOTAL NO. OF WEEKS: 18

C. CLASSROOM POLICIES
 The following are the policies for this course:
 Student may not be allowed to enter the class after being late for 5 minutes without a valid reason.
 Submissions of any requirements must be done on or before the deadline.
 Cheating automatically gives the student a failing grade of 5.0.
 Use of cellphone is strictly prohibited inside the classroom.

D. PROGRAM OUTCOMES

ECN110
Program Outcomes (PO) Introductory Economics
PO1 Ability to engage in lifelong learning and being cognizant of the need to keep abreast of development in the specific fields of practice L
PO2 Ability to effective communicate rally and in writing using both English and Filipino
PO3 Ability to work effectively and independently in multi-disciplinary and multi-cultural teams O
PO4 Recognition of professional, social and ethical responsibilities L
PO5 Appreciate of “Filipino historical and cultural heritage”
PO6 Understand and apply social science concepts and theories to the analysis of social issues
PO7 Design and execute social research using appropriate approaches and methods L
PO8 Practice professional and ethical standards in the fields of social sciences and communications
PO9 Demonstrate knowledge of economic theory and the standard methods used in economic research
PO10 Demonstrate the ability to diagnose economic problems using appropriate theories and methodologies L
PO11 Effectively communication economic arguments and research results L
PO12 Appreciate and practice good citizenship
PO13 Demonstrate a deep commitment to maintaining high ethical standards especially in constituting, analyzing, and interpreting economic
data and results
PO14 Participate in the generation of new knowledge or in research and development projects. L
PO15 Demonstrate commitment to contribute towards the attainment of lasting peace, sustainable, equitable and inclusive development L

Prepared by: Recommending Approval: Approved by:

LADY LOU M. D’LONSOD DR. MARIA RIZALIA Y. TEVES DR. POLAUS D. BARI
Instructor Chair Dean
Department of Economics CBAA