Welcome to the FUNDAMENTALS OF ECONOMIC DEVELOPMENT Course ECON101

I’m Prof. Shahria Khalid-Mautante, your instructor. I am a graduate of the

Accountancy Department of Mindanao State University. I have a Master’s Degree in Business
Management, Major in Human Resource Management MSU IIT, Iligan City. I am also a
graduating student of MS Farming System at MSU Main.

Course Title: FUNDAMENTALS OF ECONOMIC DEVELOPMENT (ECON101)

Course Description: This course deals with the introduction of the basic economic concepts,
theories, and principles and their application in the allocation of economic resources. These
include an introduction to the major branches of economics, the problems of economic
organization and the instruments used to solve them, the modern economy, the basic
elements of supply and demand, demand and consumer behavior, analysis of cost, analysis
of perfectly competitive markets, imperfect competition and monopoly, oligopoly and
monopolistic competition, uncertainty, and game theory, how markets determine incomes,
the economic growth, and international trade.

Course Objectives:
At the end of the course, the students are expected to have
1. Discussed the basic concepts, circular flow, production possibilities frontier, and
principles of Economics
2. Discussed the different Microeconomics concepts underlying demand, supply,
market equilibrium, elasticity, consumer behavior, theory of production and costs. 3.
Examined the different Macroeconomics concepts pertaining to National Income
Accounting savings and investment, unemployment, inflation, and the business cycle,
monetary and fiscal policies, money and banking
4. Reviewed the different policies for economic development and legal parameters 5.
Analyzed the relevance of International Economics in development

Course Content & Schedule

Schedule Dates

UNIT 1 – BASIC ECONOMIC CONCEPTS

Module Nature and Methods of Economics Week June 23

1 2

Module Markets & Government in a Modern Economy & the Week June 30
2 Law of Supply and Demand 2

Module Applications of Supply and Demand (Elasticity) Week

3 3
 Module Demand and Consumer Behavior & the Production Week
4 and Business Organization 4

Module Analysis of Cost Week

5 4

Midterm Examination Week July 07,

2022

UNIT 2 – ECONOMIC MARKETS & MARKET STRUCTURES

Module Analysis of Perfectly Competitive Market, Imperfect Week

6 Competition and Monopoly, & Oligopoly and 5-6
Monopolistic Competition

Module Uncertainty & Game Theory and How Markets Week

7 Determine Incomes 7

Module Introduction to International Trade Week

8 8

UNIT 4 MACROECONOMICS

Module Gross National Product VS Gross Domestic Week

9 Product 14

Module Problems and measurements of GNP; Week

10 Consumption 15

FINALS EXAMINATION WEEK 1st Week

of August

Google Classroom: Learning Delivery System

Choosing the BS Accounting Program in higher education means you have decided
to equip yourself with both the skills and the tools for practice in business and
management system. It means you must be able to use currently available ICT
(Information and Communications Technology). Being “Knowledgeable” means nothing if
you’re not being “competent.” It means you will use computers and software, as well as
the internet and electronic files for skills/competency-capability-building.

Note: 1. If you are not able to use ICT and computers, you are allowed to take this course,
but are encouraged to look for ways to use recommended tools, to apply, master
and become skilled for professional practice.
 2. Excel, Word and Powerpoint free and available for Android mobile phones, will
be used in learning activities.
3. Paper submissions may be accepted (with a strict deadline) during the Corona
Virus pandemic.

Delivery Mode Option 1 Option 2

Requirement Computer Submit at the

Mobile Phone Internet/Wifi

Class Google Classroom Face to face

Attendance

Official Gmail, Gmail,

Notifications Messenger/GC and Messenger/GC and
Telegram Telegram

Regular Synchronous, Synchronous,

Learning asynchronous asynchronous

Video/Podcast Video/Podcast

Activities Google Forms, Word, Actual Test

Excel, Powerpoint, and Questions (F2F)
Quizziz App

Research Paper Word Submit at the AKIC

Office

Learning Announced, Announced,

Assessment Google Forms & Quizziz Actual Test
App Questions Given
(F2F)

GRADING SYSTEM
Class Performance 60%
Required Student Activity Outputs 15%
Learning Assessment, Quizzes 15%
Attendance and Behavior 10%
Long Examination 60%
Total Grade per Term (i.e. Mid-Term and Finals) 100%
Final Grade = Average Grade of all 3 Terms
ACADEMIC INTEGRITY
This semester is during a period of “New Normal” situation due to the pandemic.
Students are very much on their own with little teacher supervision of learning. As such,
they must practice honesty, particularly during quizzes and in written outputs.
Classes will be held through the internet using Google Classroom and a limited
class size F2F during the difficult topics’ discussion. Students must be careful in encoding
answers to quizzes and written outputs, which will be in Google Forms or Quizziz App and
Actual Test Questions.
This course is designed to be both synchronous and non-synchronous and
therefore has face-to-face or live-streaming sessions. We will use Google Meet for
synchronous sessions. All enrolled students shall acquire and submit official Gmail
accounts with clearly spelled names, not aliases, pseudonym nor abbreviation, together
with a Gmail account of parents or official guardian who shall be notified of all your
activities and assessment grades.
Weekly files for learning activities shall be announced at the class Facebook
Messenger group chat and can be downloaded from Google Classroom (if online). Those
with poor resources for wifi signals can have the files copied for them from their nearest
classmate who has them.
Weekly deadlines for submitting encoded or filled-in forms for quizzes or learning
assessments shall be sent on a schedule, such that it will have a time-stamped when
received by Google Forms for validating, checking, grading, and securely recorded (for
online) and at the school office for F2F. Late submission will no longer be accepted.
I hope that everyone including myself will be able to adjust to this “new normal” way
of learning and get the most under the circumstances.

Thank you.