Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND
SATELLITE CAMPUSES
SANTA ROSA CAMPUS

COURSE SYLLABUS

BACHELORS OF SCIENCE IN
COLLEGE: SANTA ROSA CAMPUS PROGRAM:
MANAGEMENT ACCOUNTING
COURSE TITLE: Managerial Economics
COURSE CODE: ECON 351
COURSE CREDIT: 3 UNITS

PRE-REQUISITE: Basic Economics

COURSE
An introductory course in microeconomics that includes basic concepts, demand and supply analysis, theory of consumer behavior,
DESCRIPTION:
theory of production and costs, market structures, factor markets and role of government.

VISION OF THE UNIVERSITY

Clearing the paths while laying new foundations to transform the Polytechnic University of the Philippines into an epistemic community.

MISSION OF THE UNIVERSITY

Reflective of the great emphasis being given by the country’s leadership aimed at proving appropriate attention to the alleviation of the plight of the poor, the
development of the citizens, and the national economy to become globally competitive, the University shall commit its academic resources and manpower to achieve its
goals through:

1. Provision of undergraduate and graduate education which meet international standards of quality and excellence;
2. Generation and transmission of knowledge in the broad range of disciplines relevant and responsive to the dynamically changing domestic and international
environment;
3. Provision of more equitable access to higher education opportunities to deserving and qualified Filipinos; and
4. Optimization, through efficiency and effectiveness, of social, institutional, and individual returns and benefits derived from the utilization of higher education
resources

GOALS OF THE CAMPUS

To provide efficient, relevant and quality education essential to the holistic development of the individual, the PUP Santa Rosa is committed to:

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 1. Enhance the necessary skills and right attitude geared towards productivity, self-reliance, employability and managerial acumen;
2. Promote competence and excellence on one’s field of interest/s through research studies and community extension activities;
3. Inculcate a strong sense of nationalism, social awareness, recognition of one’s right and concomitant responsibilities;
4. Develop moral uprightness and spirituality among the academe and the community.

LEARNING OUTCOMES (LO):

On completion of the course, the student is expected to be able to do the following:

Institutional Learning Outcomes Program Outcomes Course Objectives

1. Creative and Critical Thinking
2. Effective Communication
3. Strong Service Orientation
4. Passion to Life-long Learning
5. Sense of Nationalism and
Global Responsiveness
6. Community Engagement
7. Adaptness in the Responsible
Use of Technology
8. High Level of Leadership and
Organizational Skills
9. Sense of Personal and
Professional Ethics
Demonstrate basic and higher level literacy, communication, necessary critical
thinking, and learning skills needed for higher learning
 To explain different principles
surrounding microeconomics.
Execute a wide-range of teaching process skills (including curriculum  To demonstrate the usefulness of
development, lesson planning, materials development, educational microeconomic theories in
assessment and teaching approaches) applicable in various contexts providing solutions to
(community, nation and world) and life-long learning contemporary economic problems
and issues.
Share expertise in literacy, numeracy, and livelihood technology to the adopted  To discuss how microeconomics
community. can deal with the basic problem of
Use various educational tools and technologies in day-to-day lesson to resource allocation.
facilitate learning
 To apply the tools of
Display high level of leadership and organizational skills in school and Microeconomics to the ordinary
classroom management business of life and to contribute to
the betterment of economic well-
being of the society.
Practice the professional and ethical requirements of the teaching profession

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LEARNING PLAN:
WEEK
TOPIC LEARNING OUTCOME METHODOLOGY RESOURCES ASSESSMENT
NO.

Orientation with University To be able to identify the Hands-on activities PC desktop

1 Oral Discussion
mission and vision and room significance of every Video and power point Camera and Mic Seatwork
resources. presentation MS Teams
policies. Assignment
Synchronous Lecture
To differentiate the different Oral Discussion
1. Basic concepts References:
1.1 Definition of Economics types of market. Understanding Economics
1.2 Basic problems of economic by Payumo, Ronan,
organization; market, command To explain the circular flow Maniego and Camba, 2012
and mixed economics of economic activities and
1.3 Characteristics of modern the effect of government eBook reference:
market economy policies in the management Economics 101 by
1.4 The circular flow of a market Alfred Mill,
of resources.
economy; good and resource
video
markets
1.5 The economic role of
government

2. Market Mechanism: Demand, To differentiate price and Classroom PC desktop Oral Discussion
Supply and Market Equilibrium non-price determinants of Discussion/Lecture Camera and Mic Seatwork
Video and power point Assignment
2-3 demand and supply.
presentation Understanding Economics Quizzes
2.1. Demand Concept by Payumo, Ronan,
Determinants of demand To explain the character- Maniego and Camba.
Synchronous Demand function, schedule istics of the slope of demand
And curve and supply curve. eBook reference:
Demand Elasticity of Demand Economics 101 by
To find how government Alfred Mill,
2.2. SupplyConcept
2.2.1 Determinants of Supply intervention control the
Supply Function, Schedule market.
and
Curve
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 2.2.2 Elasticity of Supply

To plot the quantity

2.3. Market Equilibrium demanded and supply in a PC desktop
2.3.1 Equilibrium Price and Camera and Mic
graphing paper. Lesson Activity
Quantity Group Acitivity
2.3.2 Effects of Reading Material
Group Discussion
Changes in Demand and Supply To understand the effects of Video Watching References: Seatwork
on Equilibrium Price changes in Demand and Understanding Economics Assignment
4-5 2.4 Application: Government Supply on Equilibrium Price by Payumo, Ronan,
Regulations/Intervention on Price Maniego and Camba.
Asynchronous
To identify the effect of
3. Introduction to Market Behavior video
Government intervention on
3.1 The concept of optimization Price of goods and services
Product Market to the consumer and
supplier.

6-7 4.The Theory of Consumer
Behavior
4.1 Cardinal Utility or Marginal
Synchronous Utility Theory
4.1.1 The Law of Diminishing
Marginal Utility
4.2 The Ordinal Utility Theory or
The Indifference Curve Theory
4.2.1 The Indifference Curve
4.2.2 The Budget Constraint
4.2.3 The Consumer’s
Equilibrium
5.The Theory of Production and
Cost.
5.1 The production Function
5.1.1 Fixed vs Variable Inputs
5.2 Production Periods or
Market Period in Economics
5.1.1 Very Short-run Period or
Immediate Period
To define technical terms Classroom PC desktop Assignments
used in the process. discussion/Lecture Camera and Mic Seatworks
Hands-on activities Quizzes
Video and power point Case Study
To draw the diagram Understanding Economics
presentation
showing the factors by Payumo, Ronan,
influencing consumer Maniego and Camba, 2012
behavior.
eBook reference:
To understand and explain Consumer Behavior,
12th Edition by Schiffman
the factors affecting conver-
and Wisenblit, 2019.
gence to taste.
video
To be able to identify and
interpret movement of curve
lines.
To understand the principle
of The Law of Diminishing
Marginal Utility in the curve.

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 5.1.2 Short-run Period
5.1.3 Long-run Period
5.2 The Law of Diminishing Lesson Activity
8-10 Marginal Returns PC desktop
Reading Material
5.3 The Three Stages of Camera and Mic
Video Watching on
Asynchronous Production: The Stage of To classify the resource
Increasing Returns, The Stage of the Firms using Lean References:
inputs in the production
Decreasing Returns and The Manufacturing Understanding Economics Assignments
Stage of Negative Returns by Payumo, Ronan, Seatworks
To understand how the firm Quizzes
5.4.Economic Cost Maniego and Camba.
achieve its production Oral Recitation
5.4.1 Economic Cost and
Opportunity Cost targets with limited eBook reference: Firm Study Analysis
5.4.2. Explicit Cost vs resources. Consumer Behavior, (Research Type)
. Implicit Cost 12th Edition by Schiffman
5.4.3. Total, Average and To define what is factor and Wisenblit, 2019.
Marginal Cost market.
. 5.4.4 Total Fixed Cost, Average
Variable Cost and Total Cost To illustrate how pricing of
5.4.5 Aveage Fixed Cost, factors of production affect
Average Variable Cost, Average the prices of goods and
Total Cost and Marginal Cost services
6. Shutdown Cost
7. Economies and Diseconomies
of Scale

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 To distinguish the four types
8. Market Structure of Market Structure Classroom References: Assignments
8.1 Comparative Characteristic discussion/Lecture Understanding Economics Seatworks
11-12 Hands-on activities by Payumo, Ronan, Recitations
of the four Market Structures
Video and power point Maniego and Camba. Quizzes
8.2 Pure Competition presentation Long tests/examinations
Synchronous
Essential Characteristics eBook reference:
8.2.1 Pure Competition vs Consumer Behavior,
Perfect Competition 12th Edition by Schiffman
8.3 The Demand Curve for the and Wisenblit, 2019.
Industry and the Firm under Pure
Competition

8.4 The price and output

determination in Pure Com –
petition

13 – 14 8.5 Pure Monopoly To identify the appropriate References: Assignments

Hands-on activities Understanding Economics Seatworks
8.5.1 Characteristics of Pure market structure suited for
Asynchronous Video and power point by Payumo, Ronan, Quizzes
Monopoly the desired production for presentation Maniego and Camba. Oral Recitation
8.5.2 The Price and Revenue production.
for Pure Monopoly eBook reference:
8.5.3 Output Determination for To determine pricing on Consumer Behavior,
Pure Monopoly output.. 12th Edition by Schiffman
8.5.4 Reasons for Monopoly and Wisenblit, 2019.
8.6 Oligopoly
8.6.1 Characteristics of
Oligopoly
8.6.2 The Kinked Demand
Curve of the Oligopoly
8.7 Monopolistic Competition
8.7.1 Characteristics of
Monopolistic Competition

9.Markets, Institution and Interest

Rates
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 9.1 The Capital Market -
Factors that Influence the Supply
and Demand Capital pp. 183-185, Introduction to
9.2 Interest Rates in Capital Microeconomics by Paraiso,
Market Larano and Cuevas, 2011
9.3 The Role of Interest Rates Assignments
Discussion/Lecture
in Allocating Capital Seatworks
Hands-on activities
15 -17 9.4 Supply of and Demand for eBook reference: Quizzes
Video and power point
Funds and Interest Rates Economics 101 by Oral Recitation
presentation
9.5 Factors that Cause the Supply Alfred Mill, 2019
Synchronous and Demand Curves for Funds to
Shift
10. THE CAPITAL MARKET
10.1 Real versus Nominal Rates
10.2 Inflation and Interest Rates
10.3 Determinants of Inflation
Premium

18 FINAL EXAM

Example:

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING NON-COMPLIANCE

1 2 3 5
1.0 – 1.75 2.0 2.25 – 3.00 Below 3.0
88-100% 85-87% 75% -84% Below 75%
Grades as per The submitted work manifests The submitted work The submitted work partially manifests The submitted work does not
computation qualities which go beyond the manifests the required the required qualities. Certain aspects manifest any of the
requirements qualities. are either incomplete or incorrect. requirements.

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GRADING SYSTEM:
Class Standing 70% 60%
● Quizzes
● Attendance
● Recitation
● Projects/Assignments/Seatwork/

Midterm / Final Examinations 30% 40%

Total 100% 100%
FINAL GRADE: (Midterm + Pre-Final Grade) 

NET ROOM POLICIES:

 Classes starts with a 2 minute prayer on the agreed time.

 Students should have the eagerness and initiative to learn from this mode of learning in the new normal. Exercise 100% honesty and
compliance on all course requirements at the right time.
 Students are expected to attend their classes in their appropriate attire, seated and facing their gadgets, with open cameras during online
classes.
 Students are observed during the entire semester on the exercise of their online behavior such as cheating, bullying, slander and any
untoward behavior either with fellow classmates or subject facilitator. Such act is subject to disciplinary action under the university
handbook.
 Students are strictly prohibited offsetting their absences by joining other class schedules of their subject adviser.
 Students who are not officially enrolled, will not be admitted in the class.
 Students are allotted with a 10-minute health break after the first half of regular synchronous meeting.
 Consultation time is done at least 1 hour during the scheduled asynchronous schedule.

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References/ebooks:

 NEDA., Philippine Development Plan 2011-2016 Midterm Update with Revalidated Results Matrices, NEDA, Ortigas Center, Pasig City 2011-2016
 McConnell, Campbell R. and Brue, Stanley L. (2011). Economics, Principles, Problems and Policies. 18th ed., New York, U.S.A.: McGraw Hill-
Irwin.
 pp. 183-185, Introduction to Microeconomics by Paraiso, Larano and Cuevas, 2011
 Economics by Sioman, Garret and Guest, tenth Edition.pdf
 Economics for Dummies_bySean_Masaki_Flynn.pdf

Enhanced by: Reviewed and Validated Recommending Approval:

JOSEFINA T. COLCOL, MBA LENY V. SALMINGO LENY V. SALMINGO

Regular Faculty Head, Academic Services Campus Director

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