YLLANA BAY VIEW COLLEGE INC.

East Road Capitol, Enerio Street, Balangasan Dist., Pagadian City

MISSION
The Yllana Bay View College, Inc. is committed as steward of excellent service and quality education with utmost dedication and
commitment especially to the less fortunate students.

VISION
The attainment of quality education and academic excellence to produce a well-rounded individuals.
Course Code/No: Entrep 7

Course Title: Basic Microeconomics

Number of Units: 3 Units

Laboratory: None

Pre-requisite subjects: Math 1

Course Description:
This course covers basic principles of microeconomics for Commerce students. The course introduces the students to the economics of the firm
and how resource is allocated by individual decision making units. In particular, the course expounds on the basic microeconomics theories
governing the concept of demand and supplies; production theory; costs, and output determination.

Course Learning Outcomes/Objectives:

The emphasis of this principle course is on building the conceptual understanding and vocabulary basic to a professional economist. This
involves developing formal ideas and concepts central to understand what an economy actually is, and how it actually works within the larger
scope of any human society of particular importance are;
 Understand and learn the basic and important principles of microeconomics that have far ranging and important applications in business,
industry, government as well as in our day to day life. It is primarily a theory course that gives an analytical understanding and insight into
many of the choices we make as an individual, firm, government or other stakeholder. We will derive some powerful analytical tools and
concepts out of this course will enable us to assess and analyse the world around us from the perspective of an Economist.
 Understand when and why markets work well and when they do not; and
 Assess the role of the government in wealth creation and redistribution.
 Outline and Timeline
PERIODIC COVERAGE TOPIC/CONTENT NUMBER OF HOUR NUMBER OF WEEKS
PER WEEK
FIRST PRELIM EXAM Introduction 3 HOURS 4
 Economics defined
 Issue of scarcity
 Full production and employment
Opportunity costs

Consumers Behavior: Tastes and Preferences

 Utility defined
 Margin utility
 Diminishing marginal utility
 Total utility
 Maximizing utility

SECOND PRELLIM EXAM Consumer Behavior: 3 HOURS 4

 Demand defined

Consumer Behavior:
Individual demand

Consumer Behavior
Aggregate Demand
MIDTERM EXAM Consumer Behavior 3 HOURS 4
Change in demand

Firm Behavior:
Production and Function
 Supply defined
  Individual Supply
 Aggregate supply
Change in Supply

Firm behavior: Cost functions

 Cost (fixed, variables, total)
 Marginal costs
Average costs
SEMI-FINAL EXAM Elasticity demand and supply 3 HOURS 4
Markets: general equilibrium analysis
 Supply and demand
 Market equilibrium
 Shortages and surpluses
 Shift in demand and supply

Market Structures:
Perfect competition
Market Structures:
Monolopy

Market Structures:
Oligopoly and monopolistic competition

Poverty
FINAL EXAM International Economics 3 HOURS 4

Capitalism and the economics of Slavery

Learning plan
No. Of Weeks No. Of Hours Topic Learning Objectives Teaching- Learning Methods Material
Strategies and
Assessment
Week 1 3 Hours Orientation  Internalize and Lecture - Presentation Student Student
 Vision, mission appreciate vision, segments with Manual Manual
and Goal mission, and goal embedded interactive
 Course Outline  Plan for self- experiences such as
 Requirements development in questions and answer
Class completing the sessions.
 Policies course and its
 Grading System requirements; and
 Self-introduction  Apply other
 Sharing of related planning
Expectation on the components and
course method to other
subjects
undertaken

Week 2 3 Hours Introduction  Define economics  Brief lecture Pen and Textbook
 Economics defined  Connect between  Interactive class Paper Test
 Issue of scarcity economics and
 Full production their individual Board work
and employment majors
 Opportunity costs  Use the
production
possibilities curve
to analyze real-
world policy
alternatives.
Week 3 3 Hours Consumers Behavior:  Use graphical  Small group Written Textbook
 Tastes and models, logical discussion examination
Preferences argument,  Brief lecture:
 Utility defined mathematics and Consumer Oral
 Margin utility written Behavior recitation
 Diminishing communication to
marginal utility explain basic
 Total utility market outcomes
 Maximizing utility and to analyze
real-world
policies
alternatives.
Week 4
FIRST PRELIM EXAMINATION

Week 5 3 Hours Consumer Behavior:  Define demand Lecture in aid of Pen and Laptop/
 Demand defined  Present the PowerPoint Paper Test multimedia
quantity of a good Presentation: Demand
that a single define
consumer would
buy at a specific
price point at a
specific point in
time
Week 6 3 Hours Consumer Behavior:  Define Individual Lecture in aid of Pen and Laptop/
 Individual demand demand PowerPoint Paper Test multimedia
 Present the Presentation:
quantity of a good Individual demand
that a single
consumer would
 buy at a specific
price point at a
specific point in
time
Week 7 3 Hours Consumer Behavior  Specify the  Group research Presentation Textbook
 Aggregate amount of goods  Lecture of output
Demand and services that researched
will be purchased
at all possible
price levels.
Week 8
SECOND PRELIM EXAM
Week9 3 Hours Consumer Behavior  Describe a  Group research Presentation Textbook
 Change in demand change or shift in  Lecture of output
in a market’s total researched
demand
Week 10 3 Hours Firm Behavior:  Define Supply  Lecture on Pen and Textbook
Production and  Interpret the production and Paper test
Function individual, function
 Supply defined aggregate and  Group research
 Individual Supply changes supply
 Aggregate supply
 Change in Supply
Week 11 3 Hours Firm behavior: Cost  Describe the total  Lecture-discussion Pen and Textbook
functions economic cost of on fixed variables Paper test
 Cost (fixed, production and and total cost
variables, total) variable cost,  Small group Oral
 Marginal costs which vary discussion recitation
 Average costs according to the
 quality of t a
good, produced
and include inputs
such as labor and
raw materials,
plus fixed costs,
the quantity of a
good produced.
Week 12
MIDTERM EXAM
Week 13 3 Hours Elasticity demand  Measure the  Lecture -  Pen and Textbook
and supply responsiveness of demonstration Paper
Markets: general the quantity  Present graphical Test
equilibrium analysis demanded or model to interpret  Oral
 Supply and supplied of a good  Small group and recitatio
demand to a change in its Analysis n
 Market price. Compute
equilibrium the percentage
 Shortages and change in quantity
surpluses demanded -or
 Shift in demand supplied -divided
and supply by the percentage
change in price.
Market Structures:  Describe the
Perfect competition nature of
Market Structures: competition and
Monolopy pricing
 Define Monopoly
Week 14 3 Hours Market Structures:  Distinguish  Interactive  Pen and Textbook
 Oligopoly and between oligopoly discussion Paper
monopolistic and monopolistic Test
competition competition
Week 15 3 Hours Poverty  Define Poverty  Lecture-discussion  Pen and Textbook
 Discuss the effect on poverty and its Paper
of poverty in the effect on the Test
economy economy
Week 16
SEMI-FINAL EXAM
Week 17 3 Hours International  Study the flow of  Analysis  Pen and Textbook
Economics capital across Discussion paper
international  Group research test
Capitalism and the financial markets,  Presenta
economics of Slavery and the effects of tion of
these movements assigned
on exchange rates. topics.
 Identify and
discuss major
domestic and
international
economic
institutions,
central concepts
in a core body of
scholarly
economic.
Week 18
FINAL EXAM
COURSE Requirements

Presentation (5 %)    Each student will summarize their findings in a short 10-15 minute presentation during the final week of class. The
presentations will be graded on:

 Content–extent to which the presentation is related to an important point of course content

 Clarity-    organization of your arguments and presentations, analysis of your key points, and persuasiveness of your position
 Grammar -use of correct grammar, spelling, and sentence structure
 Accuracy –of the country, date, and business model presented
 Articulation – organization and articulation of your oral presentation

Homework (10 %) - There will be homework assignments, current events articles during the semester.

Tests (60%)  Three exams will be administered. The exams will cover the material included in the textbook chapters, handouts and lectures. 
Missed Tests: Make up tests will not be given except in extreme cases with supportive documentation.  You must notify the professor prior to
the day of the test or the next class.

Participation (10%).  All students are expected to participate actively in class discussion.  This includes evidence of thorough prior preparation
of course materials, engaging in exercises, etc.  Attendance at all sessions is required except in previously arranged cases/emergencies. 

GRADING SYSTEM
Minor Exams include the following: Major Exams:
Quizzes First Prelim Examination
Assignments Second Prelim Examination
Projects Midterm Examination
Recitations Semi-Final Examination
Attendance Final Examination
Class Participation
Attitude
 Symbols:
TEQ- Total Equivalent in Percentage FPG- First Prelim Grade
NEQ- Number of Equivalent in Percentage SPG- Second Prelim Grade
MNE- Minor Examination MG- Midterm Grade
MJE- Major Examination SFG- Semi-Final Grade
TFG- Tentative Final Grade
FG- Final Grade

Step 1:
TEQ OF MNE
_______________ x 100% = MNE Grade
NEQ OF MNE

Step 2:
TEQ OF MJE
________________ x 100% = MJE Grade
NEQ OF MJE

Grades will be allocated based on the percentage earned:

 1.0 = 97-100 Excellent
1.25 = 94-96 Superior
1.5 = 91-93 Very Good
1.75 = 88-90 Very Good
2.0 = 95-87 Good
2.25 = 82-84 Good
2.50 = 79-78 Fair
2.75 = 76-78 Fair
3.0 = 75 Passing
3.1 -50 = 60-74 Failure

COURSE EVALUATE
WORK OUTPUTS 40%
PERFORMANCE OUTPUT/TASK 60%
100%

Classroom Policy:
1. Tun off the lights and electric fan after classes.
2. Ten consecutive absent without proper consent will be mark as dropped.
3. Students shall be in proper complete school uniform everyday.
4. The chairs must be arranged accordingly.
Prepared by:

JOSIE FRIEND E. MELENDRES

Instructor
Check & Verified by:

FILOMENA R. BALUDO, MBA

Program Head BS Entrepreneurship

Recommending Approval: Approval:

RUBEN V. APAO, M.A.SOC LITO D. TALPIS, MPA

Academic Head Vice President, Administration/Registrar

GRACE B. TALPIS, LLB

President/CEO