SAINT MICHAEL’S COLLEGE OF LAGUNA

OLD NATIONAL ROAD, PLATERO, CITY OF BIÑAN, LAGUNA

INSTITUTE OF EDUCATION, ARTS AND SCIENCES

Course Outline in SSE 106

Microeconomics
Second Semester, A.Y. 2020 - 2021

Course SSE 106 Course Title Microeconomics

Code
Credit 3 units/ Course Prerequisites None
Units/ 54 hours
No. of Hrs.
Course The course focuses in analyzing the market system, means of production, consumption,
Description exchange, determinants of supply and demand, theories of consumer behavior, basic economic
theories and history of economics.
Course At the end of the course, students should be able to:
Intended 1. Demonstrate knowledge of the market system, means of production, consumption,
Learning exchange, determinants of supply and demand
Outcomes 2. Demonstrate understanding on the theories of consumer behavior, basic economic
theories and history of economics; and
3. Apply critical and creative thinking through a survey of small-scale
business/entrepreneurs on the challenges encountered.
Period Content
Prelim Period
Week 1 • Course Orientation
• Vision-Mission
• Policies
• Grading System
• Diagnostic Test
Week 2 • Introduction and General Orientation
1. Understanding Economics
a. Economics defined
b. Nature of Economics
c. Approaches, Methods and Tools of Economics
d. Microeconomics defined
e. Microeconomics vs Macroeconomics
f. Characteristics of Microeconomics
Week 3 • Economic Theory

1. The Construction of Economic Theory

2. Functions of Economic Theory
• An Overview of the Economy
1. The three Fundamental and Interdependent Economic Problems
2. Types of Economic System
3. The Circular Flow of Economic Activity

Week 4 Long Test/Remediation

Midterm Period
Week 5-7
• An Introduction to Demand and Supply
A. Demand
1. Demand Schedule and Demand Curve
2. Law of Demand
3. Changes in Quantity Demand and Movements along the Demand Curve
4. Ceteris Paribus Assumption
5. Changes in Demand and Shifts in the Demand Curve
B. Supply
1. Supply Schedule and Supply Curve
2. Law of Supply
3. Changes in Quantity Supply and Movements along the Supply Curve
4. Change in Supply and Shifts of the Supply Curve
C. Elasticity of Demand and Supply
1. Elasticity of Demand
2. Elasticity of Supply
Week 8 Midterm Examination/Remediation/Accomplishment of Requirements
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Pre-final Period
Week 9-10 V. Consumer Behavior and the Theory of Production

1. Determinants of Consumer Behavior

2. Theory of Utility
3. Other Concepts of Consumption
- Equi-Marginal Principle
- Income and Substitution Effects
4. Production Function
5. The Law of Diminishing Returns

Week 11 VI. Market Structures and Price Output Determination

1. Market Structures
- Pure Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
2. Determinants of Market Structure
3. Price and Output Determination
4. Graphical depiction of market behavior
5. Profit maximization and cost minimization in a competitive market
6. cost and revenue functions in profit maximization and minimization of losses

Week 12 Long Test/Remediation

Final Period
Week 13- VII. Labor Organizations and
15 Wages

1. Unionism and the contributions of labor unions

2. Unfair labor practices 3. Collective bargaining: Goals and Purposes
3. Types and determinants of Wages
4. Theories of Wages
5. Some current thoughts on wages
6. Lorenz Curve

Week 16 Final Examination/ Remediation/ Accomplishment of Requirements

COURSE REQUIREMENTS
Written Works OTHER REQUIREMENTS:
Quizzes, Assignment, Research, Long Test

Performance Task
Individual Activity, Group Activity

Periodical Exam
Midterm Exam, Final Exam
Grading System
PG1 = Midterm FG= PG1+PG2 Written Works = 25%
Period Grade 2
Performance Task = 50%
PG2 = Final Period
Grade Periodic Exam = 25%
Grade Point
1.00 2.00 87-89 3.00 75-77 AW authorized withdrawal NG no grade
99-100
1.25 2.25 84-86 4.00 Conditional UW unauthorized NC no credit
96-98 withdrawal
1.50 2.50 81-83 5.00 Failed FA failure due to absences INC incomplete
93-95
1.75 2.75 78-80
90-92

COURSE REFERENCES
Textbook/ . Azanza, P. A. (2001). Economics, society and development. Mandaluyong City: National
References Bookstore.

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 Fajardo, F. R. (1995). Economic development. Manila: National Bookstore.

Mc Connell, C. R. & Brue, S. L. (1996). Economics: principles, problems and policies. Mc Graw-
Hill, Inc.

Miranda, G. (2001). Introductory economics. Manila: L & G. Business House, 3rd Revised Edition

Pagoso, C. M. (1996). Introductory economics. Manila: Rex Bookstore.

Ramos, C.C. R. (2003). Globalization and technology. Manila: Rex Bookstore

Resurreccion, C. O. (1996). Basic economic concepts in Philippine context. Quezon City: Phoenix
Press Inc.

Tullao, T. Jr. S. (1995). Understanding economics in the Philippines setting. Quezon City: Phoenix
Publishing House.

Villegas, B. M. (2001). Guide to economics for Filipinos. Manila: Sinagtala Publishers, Inc

Resource Pack for Economics Curriculum.

https://cd1.edb.hkedcity.net/cd/pshe/resources/econ_income_inequality/English%20Version/
index_e.htm
Prepared by:

ANJO E. VELASCO
Faculty
Date:

Reviewed and Checked by:

ELENA R. MANALO, EdD

Program Chair, BEED/BECED

NESTOR V. HADI, EdD

Program Chair, BSED
Date: August 10, 2020

Approved:

ELENA R. MANALO, EdD

Administrator, IEAS
Date:
Date of Revision: Effectivity Date: Second Semester, AY 2020-2021

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