POWER SCHOOL OF TECHNOLOGY

BASIC MICROECONOMICS - COURSE SYLLABUS

COURSE INFORMATION

1. Course Number : BACore1

2. Course Name : Basic Microeconomics

3. Course Description : This course is concerned with the theories and principles of
microeconomics which attempt to analyze how households, firms and government behave and
make economic decisions and how they interact in specific markets. The course deals with
price theory, market, demand and supply, consumer behavior, production process, cost
minimization, profit maximization, market failure, government intervention and other
microeconomic theories and variables with emphasis on the use of economic models such as
tables, graphs and equation for a comprehensive economic analysis.

4. Pre-requisite : None

5. Co-requisite : None

6. Credit : 3 units

7. Class schedule : Saturday 5pm-8pm

8. Expected Student Outcomes

Upon completion of the course, students will be able to:

1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in
economic decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both
market supply and demand curves on equilibrium price and output.
3. Summarize the law of diminishing marginal utility; describe the process of utility
maximization.
4. Calculate supply and demand elasticities, identify the determinants of price elasticity of
demand and supply, and demonstrate the relationship between elasticity and total
revenue.
5. Describe the production function and the Law of Diminishing Marginal Productivity;
calculate and graph short-run and long-run costs of production.
6. Identify the four market structures by characteristics; calculate and graph the profit
maximizing price and quantity in the output markets by use of marginal analysis.

7. Determine the profit maximizing price and quantity of resources in factor markets under
perfect and imperfect competition by use of marginal analysis.
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 8. Describe governmental efforts to address market failure such as monopoly power,
externalities, and public goods.
9. Identify the benefits of free trade using the concept of comparative advantage.

8. Subject Outline

Chapter 1. introduction to Microeconomics

Chapter 2. Basic Concepts of Demand and Supply
Chapter 3. Market Equilibrium
Chapter 4. Elasticity
Chapter 5. Consumer Behavior and Utility Maximization
Chapter 6. Production and Cost
Chapter 7. Profit, Loss and Perfect Competition
Chapter 8. Monopoly and Oligoploy

9. Teaching Methodology for Digital Offline/ Home Based / Online (Asynchronous)

Modular / power point presentation
Written Activities, research paper, and case studies

10. Exam Schedule (to confirm)

Prelim Exam – October 28 – 30, 2020
Final Exam – December 21-23, 2020

11. Course Evaluation

Assessment Weights
Methods
Activity Output (written activity, group/individual recorded presentations, 50%
and case studies) per Prelims and Finals period

Prelim Exam 50%

Final Exam 50%

12. Guidelines:
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 1. Copying of your classmate’s answers to activities are prohibited.
2. No late submissions of activities. Submission of activities are thru email/official GC
3. Group/ individual presentations (if applicable) shall be pre-recorded.
4. Format of Activity answer sheet is mandatory.
5. All students are required to accept the invitation on our official Group chat:

Basic Microeconomics-BACore1 1st Sem SY2020-21

https://www.facebook.com/groups/311832686781182

6. References are required to be included on all written activities, and case studies.

Instructor: Engr. Brian F. Joson

E-mail: bfjoson.PST@gmail.com
Cellphone no.: 09491926091
FB: Brian Joson

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