Don Bosco Technical College COLL/ENTR-65424-ENTR 105

Bachelor of Science in Entrepreneurship

Course Syllabus and Curricular Guide

Course Title Microeconomics

Course Code ENTR 105
Credit/Schedule 3 units/ 3 hours
Course Description This course is an introduction to economics. It focuses on basic economics concepts, economic systems, and elementary microeconomics.
This course includes a discussion of cooperatives in the Philippines, taxation, land reform, consumer education, and the buy-Filipino
movement.
Prerequisite / (Co-requisite)
Expectation Upon successful completion of this course, students will:
o Examine critically the types of economic systems;
o Distinguish the laws of supply and demand, and elasticity;
o Appreciate the economic policies and international trade;
o Analyze and understand the nature of economics.

Textbook/Resources
1. Bon Gabay, Roberto Remotin. Economics: Its Concepts and Principles. Rex Bookstore. C2012.
2. Bernardo Villegas. Guide to Economics for Filipinos. Sinagtala Publisher. C2012.
3. Cristobal Pagoso. Introductory Microeconomics. Rex Bookstore. C2011.
4. Internet Materials

Course Goals
After completing this subject, students will be able to:
 explain economic events in individual markets and the aggregate economy using basic economic theory and tools;
 outline the implications of various economic policies on individuals and on the economy;
 demonstrate competence in using simple diagrams, graphs to explain economic principles and their applications;
 appreciate how your individual decisions and actions, as a member of society, affect the economy locally, nationally and
internationally.

Policies Grading Scale:

The numerical ranges for each number grade are as follows:
96-100 = 1
91- 95 = 1.25
87 - 90 = 1.5
82 - 86 = 1.75
78 - 81 = 2.0
73 - 77 = 2.25

Prepared by: Prof. Honeylette D.C. Villanueva

Date: Oct. 27, 2014
 Don Bosco Technical College COLL/ENTR-65424-ENTR 105
Bachelor of Science in Entrepreneurship

69 - 72 = 2.5
64 - 68 = 2.75
60 - 63 = 3.0
59 below = 5.0

Plagiarism:
The definition of plagiarism is passing someone else’s work (ideas, writing, concepts, theories, findings, etc.) off as your work without giving
proper recognition to the original source. Plagiarism in any form is considered grounds for serious discipline.

Attendance:
Students are allowed to be absent (excused or unexcused) only for 3 meetings. Beyond this, the instructor can drop you from the roll
without prior notice.

Submission of requirements:
Any requirement submitted late will be given a deduction of points equivalent to 10% of the perfect score. (i.e., perfect score is 100 points;
10% is 10 points. 10 points are automatically deducted from the scores of the requirement submitted late

Grading System:
70% Class Standing
30% Finals
Passing Grade: 60%

Missed exam(s):
Only students with valid reasons (sickness, death in the family) will be allowed to take make-up exam upon presentation of medical
certificate or letter of excuse from parents or guardian

Evaluation: Major exams (Midterm Exam and Comprehensive Final Exam) 40%
Class Standing (Quizzes, recitation, case studies, and assignments. ) 60%

FINAL GRADE = (MIDTERM+FINAL)/2

Passing Score 60%

Prepared by: Prof. Honeylette D.C. Villanueva

Date: Oct. 27, 2014
 Don Bosco Technical College COLL/ENTR-65424-ENTR 105
Bachelor of Science in Entrepreneurship

Schedule Objectives Contents Learning Materials/ Evaluation

Week No Experiences Resources
1 Orientation and Introduction

2 At the end of this topic, student will be able to: Chapter 1: The Scope and Discussion /lecture PowerPoint Assignment
Method of Economics Presentation Group Activity
o give the definition of Economics;
o learn why we need to study Economics; Internet Materials
o distinguish the scope of Economics;
o compare the methods and economic theory.
3 At the end of this topic, student will be able to: Chapter 2: The Economic Discussion /lecture PowerPoint Assignment
Problem: Scarcity and Presentation Group Activity
o define scarcity and opportunity cost; Choice
o learn the importance of Production Possibility Frontier; Internet Materials Quiz1
o elaborate the different economic systems.
4 -5 At the end of this topic, student will be able to: Chapter 3: Demand, Discussion /lecture PowerPoint Assignment
Supply, and Market Presentation Group Activity
o define the Law of Supply and Law of Demand; Equilibrium
o learn the determinants of household affecting the demand and Internet Materials
supply; Quiz2
o analyze the market equilibrium;
o create the Demand curve and Supply curve.
6 At the end of this topic, student will be able to: Chapter 5: Elasticity Discussion /lecture PowerPoint Assignment
Presentation Group Activity
o Give the meaning of elasticity;
o Enumerate the kinds of elasticity; Internet Materials
o Calculate the elasticity and their percentages;
o Analyze the determinants and factors of demand elasticity.
7 At the end of this topic, student will be able to: Chapter 6: Household Discussion /lecture PowerPoint Assignment
o Know the capital markets; Behavior & Consumer Presentation Group Activity
o Enumerate the determinants of household demand; Choice
o Emphasize the diminishing marginal utility; Internet Materials Quiz 3
o Analyze the income and substitution effects.
8 At the end of this topic, student will be able to: Chapter 7: The Production Discussion /lecture PowerPoint Assignment
Process: The Behavior of Presentation Group Activity
o Make a clear view of the production process; Profit-Maximizing Firms
o Enumerate the bases of decisions for market price of outputs; Internet Materials
o Compute the different production functions.

Prepared by: Prof. Honeylette D.C. Villanueva

Date: Oct. 27, 2014
Don Bosco Technical College COLL/ENTR-65424-ENTR 105
Bachelor of Science in Entrepreneurship

9 MIDTERMS
10 At the end of this topic, student will be able to: Chapter 8: Short-Run Costs Discussion /lecture PowerPoint Assignment
and Output Decisions Presentation Group Activity
o Define fixed costs, variable costs, and total costs;
o Compare costs and revenues to maximize profits; Internet Materials
o Analyze the Short-Run Supply curve.
11 At the end of this topic, student will be able to: Chapter 9: Long-Run Costs Discussion /lecture PowerPoint Assignment
and Output Decisions Presentation Group Activity
o Determine the increasing returns to scale;
o Compare the long-run adjustments to short-run conditions; Internet Materials Quiz 1
o Analyze how to maximize profits and minimize losses.
12 At the end of this topic, student will be able to: Chapter 10: Input Demand: Discussion /lecture PowerPoint Assignment
The Labor and Land Market Presentation Group Activity
o Know the basic concepts for input markets;
o Differentiate complementary and substitutable diminishing Internet Materials
returns;
o Analyze the firm’s profit-maximizing condition in input markets.
13 At the end of this topic, student will be able to: Chapter 11: Input Demand: Discussion /lecture PowerPoint Assignment
The Capital Market and the Presentation Group Activity
o Know all about capital market; Investment Decision
o Learn why investment and depreciation can greatly affect Internet Materials Quiz 2
capital;
o Emphasize the demand for new capital and the investment
decision.
14 At the end of this topic, student will be able to: Chapter 12: General Discussion /lecture PowerPoint Assignment
Equilibrium and the Presentation Group Activity
o Determine general equilibrium and the market adjustment to Efficiency of Perfect
changes in demand; Competition Internet Materials
o Know the importance of Pareto Efficiency;
o Enumerate the sources of market failure;
o Evaluate the market mechanism.
15 At the end of this topic, student will be able to: Chapter 13: Monopoly and Discussion /lecture PowerPoint Assignment
Antitrust Policy Presentation Group Activity
o Define monopoly and give examples;
o Know the price and output decisions in pure monopoly markets; Internet Materials Quiz 3
o Give examples of price discrimination;
o Emphasize the social costs of monopoly.
16 At the end of this topic, student will be able to: Chapter 14: Oligopoly Discussion /lecture PowerPoint Assignment

Prepared by: Prof. Honeylette D.C. Villanueva

Date: Oct. 27, 2014
Don Bosco Technical College COLL/ENTR-65424-ENTR 105
Bachelor of Science in Entrepreneurship

Presentation Group Activity

o Enumerate the market structure in an oligopoly;
o Explain the different oligopoly models; Internet Materials
o Emphasize how an oligopolistic market affects the economics
performance.
17 At the end of this topic, student will be able to: Chapter 15: Monopolistic Discussion /lecture PowerPoint Assignment
Competition Presentation Group Activity
o Determine monopolistic competition and its examples;
o Emphasize how the impact of advertising to product Internet Materials Quiz 4
differentiation;
o Expound on the economic efficiency and resource allocation.

18 FINAL EXAMINATION

Teacher’s Information:
Professor/ Instructor: Honeylette DC. Villanueva
E-mail: kj_9800@yahoo.com / scofield2011@ymail.com

Verified by:

Dr. Ma. Luisa R. Padlan

Program Chair

Approved by:

Dr. John Kliatchko

Dean
College of IT and Entrepreneurship

Prepared by: Prof. Honeylette D.C. Villanueva

Date: Oct. 27, 2014