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The Great Plebeian College: College of Teacher Education
The Great Plebeian College: College of Teacher Education
Course Description: The course guides the students to demonstrate an understanding of the cause and effects of inflation,
unemployment, fiscal and monetary policies, modes of taxation, international trade, Gross National Policy, Gross Domestic Policy, and
consumer development index.
Learning Outcomes (LOs)
Graduate Attributes At the end of the course, the students will be able to:
LO1: Expert Learner describe the nature of Economics;
enumerate and differentiate the different methods and tools used in the study of economics;
discuss the consumption function;
discuss savings, investments, and their determinants;
discuss multiplier and accelerator;
identify the types of wages;
define labor union;
explain what collective bargaining is;
define fiscal policy;
define trade, international trade;
LO2: Critical and Creative analyze the market dynamics using the law of demand and law of supply;
Thinker enumerate and differentiate the different methods and tools used in the study of economics;
identify and distinguish the different concepts of consumption;
discuss the circular flow of output and income;
explain the relationship of the multiplier effect and the circular flow;
discuss the inflows and outflows of wealth in the circular flow of output and income;
discuss aggregate demand and its determinants, as well as aggregate supply and its determinants;
Explain Lorenz curve and relate the concept to income distribution in the Philippines;
differentiate between inflation and deflation;
calculate the purchasing power of the peso and inflation rate;
explain the bases of international trade;
LO3: Fluent and Effective discuss and identify the different approaches to national income accounting;
Communicator discuss and identify the different factors of consumption;
explain industrial unrest and its implication to the labor sector;
explain the objectives as well as shortcoming of fiscal policies.
LO4: Expert Doer compute the coefficient of elasticity of demand and supply;
define and discuss Economics and its two major divisions;
define and discuss demand, demand schedule and demand curve as well as supply, supply schedule
and supply curve;
compute money GNP and real GNP;
explain the monetary policies and their limitations;
differentiate between Balance of Trade and Balance of Payments;
conduct a survey of small -scale business/entrepreneurs on the challenges encountered .
LO5: Expert Self distinguish GNP from GDP, Money GNP from Real GNP
explain the causes, effects and measures to curb inflation;
discuss the functions of money, money supply, the Central Bank;
identify and explain the different trade barriers;
LO6: Expert Community differentiate between unemployment, underemployment and full employment;
Participant explain the causes, types, effects and measurement of unemployment;
explain the sources and uses of public funds;
explain the principles of taxation;