KOLEHIYO NG SUBIC

COLLEGE OF BUSINESS EDUCATION

Basic Microeconomics

Course Number: BA 111

Credit: 3 units
Prerequisite: none

Course Description:
Concentrated introductory course providing a general understanding of basic microeconomic concepts. Specifically, it acquaints the
students with the study of individual consumers, groups of consumers, and firms. The course will focus on how individuals make
decisions that affect their income and wealth, how firms make decisions that affect profits and production, and how government
regulation affects individuals and firms.

Other Resource:
RL Reynolds - Boise State University. Available at: https …, 2011 - researchgate.net
https://www.researchgate.net/profile/Stanislav-Skapa-2/publication/47804534_Basic_microeconomic

Objectives of the Course:

By the end of the course, students will be able to:

1. Demonstrate knowledge of the basic mechanism by which the economic system works, including various approaches to the
organization of production and the allocation of resources;

2. Demonstrate knowledge of the relationship between Utility Theory and the Model and Supply and Demand;

3. Demonstrate knowledge of the Production Function and its applicability to short-run output and the Theory of Cost;

4. Demonstrate knowledge of Returns to Scale and their application to long-run production and cost;
5. Demonstrate knowledge of the outcome and pricing decisions a real-world firm faces under differing market conditions;

6. Identify the tools of microeconomic analysis and analyze and formulate possible solutions to contemporary economic and social
issues such as agricultural production, world food problems, poverty and the distribution of income, the energy crisis and
environmental pollution.

Course Outline:

Week Hours Topic Learning Outcomes Strategies/Activities Assessment of Learning

Outcomes
5 14 1. The Basics of Define economic
Economic analysis.
Analysis

5 14 2. Introduction to
Microeconomics

4 13 3. The
Microeconomics
of Product
Markets

4 13 4. The
Microeconomics
of Factor
Markets
ToTal 54

SUMMARY:
 Total class hours (including weekly quizzes)
Formal examinations (Finals)
Departmental examinations
Total

Basis for Course Grade:( Amend based on the recommended grading policy)

Prelim Midterms Finals

Quizzes 30%
Assignment/Seatwork 20%
Recitation 10%
Major Examination 40%
Total 100%

Other Policies

1. Examinations and Quizzes

 Institutional (Regular, Finals, )

 Quizzes - Quizzes will be given regularly and may be unannounced.

2. Other Course Requirements:

a. Homework Policy -
The student’s responsibility is to come to each class prepared. He/she is also expected to take all examinations on the dates scheduled.
He/she should read the assigned materials and solve assigned problem materials prior to class. He/she is expected to attend each class and
participate actively in the discussions.
b. Academic Dishonesty
All student enrolled in this course are expected to be academically honest. Cheating, lying and other forms of immoral and unethical
behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will
(at a minimum) receive an F (or 5.0) or failure in the course. Plagiarism and cheating refer to the use of unauthorized books, notes or
otherwise securing help in a test; copying tests, assignments, reports or term papers; representing the work of another person as one's own;
collaborating, without authority, with another student during an examination or in preparing academic work; signing another students
name on an attendance sheet; or otherwise practicing scholastic dishonesty.

Prepared by: Approved: Approved

Dr. Elisa M. Benitez, CPA, DPA Dr. Helen Gacillos, Ed. D.

Instructor Dean VP-Academic Affairs