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

FIRST PRELIM EXAM Introduction to Economics

Issue of scarcity
 Full production and
employment
Define economics
Connect between economics and
their individual majors
Use the production possibilities
curve to analyze real-world policy
alternatives.

Consumers Behavior: Tastes

and References
 Utility defined

Use graphical models, logical
argument, mathematics and
written communication to explain
basic market outcomes and to
analyze real-world policies
alternatives.
SECOND PRELLIM EXAM Consumer Behavior
Define demand
Present the quantity of a good that
a single consumer would buy at a
specific price point at a specific
point in time
 Consumers Behavior
Define Individual demand
Present the quantity of a good that
a single consumer would buy at a
specific price point at a specific
point in time
MIDTERM EXAM  Describe a change or shift in
a market’s total demand.
 Describe the total economic
cost of production and
variable cost, which vary
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.
SEMI-FINAL EXAM  Measure the responsiveness
of the quantity demanded or
supplied of a good to a
change in its price. Compute
the percentage change in
quantity demanded -or
supplied -divided by the
percentage change in price.
 Describe the nature of
competition and pricing
Define Monopoly
FINAL EXAM  Study the flow of capital
across international financial
 markets, and the effects of
these movements on
exchange rates.
 Identify and discuss major
domestic and international
economic institutions, central
concepts in a core body of
scholarly economic.

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

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

Week 5 3 Hours Consumer  Define Lecture in aid of Pen and Paper Laptop/multimedia
Behavior: demand PowerPoint Test
 Demand  Present the Presentation:
defined quantity of a Demand define
good that a
single
consumer
would buy at
a specific
price point at
a specific
point in time
Week 6 3 Hours Consumer  Define Lecture in aid of Pen and Paper Laptop/multimedia
Behavior: Individual PowerPoint Test
 Individual demand Presentation:
demand  Present the Individual demand
quantity of a
good that a
single
consumer
 would buy at
a specific
price point at
a specific
point in time
Week 7 3 Hours Consumer  Specify the  Group Presentation of Textbook
Behavior amount of research output researched
 Aggregate goods and  Lecture
Demand services that
will be
purchased at
all possible
price levels.
Week 8 SECOND
PRELIM EXAM
Week9 3 Hours Consumer   Group Presentation of Textbook
Behavior research output researched
 Change in Lecture
demand
Week 10 3 Hours Firm Behavior:  Define  Lecture on Pen and Paper test Textbook
Production and Supply production
Function  Interpret the and function
 Supply individual,  Group
defined aggregate and research
 Individual changes
Supply supply
 Aggregate
supply
 Change in
 Supply
Week 11 3 Hours Firm behavior:  Describe the  Lecture- Pen and Paper test Textbook
Cost functions total discussion on
 Cost (fixed, economic cost fixed Oral recitation
variables, of production variables and
total) and variable total cost
 Marginal cost, which  Small group
costs vary discussion
 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  Measure the  Lecture -  Pen and Paper Textbook
demand and responsivenes demonstration Test
supply s of the  Present  Oral
Markets: general quantity graphical recitation
equilibrium demanded or model to
analysis supplied of a interpret
  Supply and good to a  Small group
demand change in its and Analysis
 Market price.
equilibrium Compute the
 Shortages and percentage
surpluses change in
 Shift in quantity
demand and demanded -or
supply supplied -
divided by the
Market percentage
Structures: change in
Perfect price.
competition  Describe the
Market Structures: nature of
Monolopy competition
and pricing
 Define
Monopoly
Week 14 3 Hours Market  Distinguish  Interactive  Pen and Paper Textbook
Structures: between discussion Test
Oligopoly and oligopoly and
monopolistic monopolistic
competition competition
Week 15 3 Hours Poverty  Define  Lecture-  Pen and Paper Textbook
Poverty discussion on Test
 Discuss the poverty and
effect of its effect on
poverty in the the economy
 economy
Week 16 SEMI-FINAL
EXAM
Week 17 3 Hours International  Study the  Analysis  Pen and paper Textbook
Economics flow of Discussion test
capital across  Group  Presentation
Capitalism and international research of assigned
the economics of financial topics.
Slavery markets, and
the effects of
these
movements
on exchange
rates.
 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

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:

LHESLY JADE M. LARUBIS

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