BAE101 Introduction To Economics With LRT

San Beda College Alabang
College of Arts and Sciences

Business Administration & Entrepreneurship Department
Catholic Christian in Principle, Benedictine in Orientation, and Filipino in Character

Course Syllabus
Course Code / Title :
BAE 101/ BMC14 Introduction to Economics with LRT
Credit Units / Hours :
3 UNITS/ 3 hours per week
Course Description :
This course seeks to provide students with a thorough understanding of the workings of the economy. It also aims to give an appreciation of
Basic economic concepts that are covered in Microeconomics, Macroeconomics, & International Economics essential to both business & nonbusiness majors. Topics include, among others, household behavior & consumer choice, firm theory, income distribution & poverty, and
globalization & international trade
Course Objectives
At the end of the course, the students are expected to:

1. Analyze and understand the nature of economics.
2. Examine critically the kinds of economic systems
3. Distinguish the laws of supply and demand, and elasticity.
4. Discuss intelligently the different economic policies.
5. Know and understand international trade.
6. Analyze and understand the basic principles of taxation
7. Differentiate and understand the agrarian reform.
8. Instill upon the students the Benedictine core value of excellence.
Grading System
:
Midterm Grade
60% Partial Class Standing (includes all aggregate CS grades prior to the midterm exam)
40% Midterm Exam
Final Course Grade
50% Final Class Standing (includes all aggregate CS grades for the whole semester)
20% Midterm Exam
30% Final Exam
Class Standing (CS) Components
Page 1 of 5
- Quizzes (inclusive of Long Tests), Assignments, Seatwork, Research Papers, Class Activities and Class Participation
SUGGESTED
SPECIFIC OBJECTIVES
CONTENTS / TOPICS
STRATEGIES /
METHODS
At the end of the semester, the
students are expected to:
MODULE I
OVERVIEW OF ECONOMICS
Explain and describe the nature of
economics and its relevance to
A. Introduction to economics
Lecture
society.
A.1 Economics defined
Discussions
A.2 Normative and Positive Economics
Practical Applications
Differentiate normative and
A.3 Factors of Production
positive economics;
A.4 Scarcity: a synopsis of the world economic and
microeconomics and
environmental condition
macroeconomics; marginal cost
A.5 Economic Systems
and benefit.
A.6 Microeconomics and Macroeconomics
A.7 Marginal Cost and Benefit
Identify the factors of production.
A.8 Production Possibility Frontier
Discuss economic systems and
A.9 Comparative and Absolute Advantage
production possibility frontier
.B. Demand, supply and equilibrium
B.1 Equilibrium
Lecture
Compare and contrast comparative
B.2 Shortage, surplus and price mechanisms
Discussion
and absolute advantage.
B.3 Factors shifting demand curve
Practical Applications
B.4 Factors shifting supply curve
Explain and analyze the law of
supply and demand. Identify the
MODULE II
factors affecting demand and
PRICE ELASTICITY AND CONSUMER DEMAND
supply curves
A. Elasticities
Lecture
A.1 Types of Elasticity
Discussion
Explain and describe the different
A.2 Point and Arc Elasticity
Practical Application
types of elasticity. Differentiate
A.3 Incidence of Taxation
Lecture
point and arc elasticity. Discuss
B. Consumer Behavior
Discussion
incidence of taxation.
B.1 Marginal Utility
B.2 Problem of Uncertainty
NUMBER
OF WEEK /
HOURS
MODE OF
EVALUATION /
ASSESSMENT
Week1-2
6 hours
Quizzes
SeatworksExercises
Recitation
Week 3-4
6 hours
Week 5-6
6 hours
Week 7-8
6 hours
Quizzes
SeatworksExercises
Recitation
Quizzes
Recitation
Seatworks-Exercises
Quizzes
Recitation
Page 2 of 5
Discuss the concept of marginal

utility. Explain the meaning of
indifference curve. Identify the
types of goods
B.3 Indifference Curve

B.4 Types of Goods
Week 9
3 hours
MIDTERMS
MODULE III
MARKET STRUCTURES, PRODUCTION AND
MACROECONOMICS
Differentiate variable and fixed

costs; marginal and average
product. Analyze the meaning of
profit maximization.
Identify the different types of
market structures. Discuss price
discrimination.
Describe economic issues on
unemployment and inflation.
Explain the meaning of consumer
price index and its impact to real
wage and peso purchasing power.
Discuss the dynamic nature of

poverty and understand its causes
as well as comprehend the different
techniques employed by the
government to manage poverty.
Discuss money supply and its
A. Market Structures and Production Theory

A.1 Variable and Fixed costs
A.2 Profit Maximization
A.3 Marginal and Average Product
A.4 Types of Market Structures
A.5 Price Discrimination
B. Macroeconomic Issues and Interrelationships
B.1 Unemployment
B.2 Inflation
B.3 Consumer Price Index
B.4 Peso Purchasing Power
B.5 Money Wage and Real Wage
MODULE IV
POVERTY, FISCAL, MONETARY, TRADE POLICY AND
LAND REFORM
A. Poverty
A.1 Causes of Poverty
A.2 Poverty Threshold
A.3 Poverty Reduction and Poverty Containment
B. Monetary and Fiscal Policy and Taxation
B.1 The Money Supply and Creation
B.2 Government and Fiscal Policy
B.3 Nature and Purpose of Taxation
B.4 Kinds of Taxation
B. Land reform
B.1 Historical Perspectives of Agrarian Reform
Lecture
Discussion
Lecture
Discussions
Video Presentation
Case Study
Lecture
Video Presentation
Discussion
Lecture
Discussion
Debate
Week 10-11
6 hours
Quizzes
Recitation
Week 12-13
6 hours
Quizzes
Recitations
Reaction Papers
Case Study
Week 14-15
6 hours
Quizzes
Recitations
Reaction Papers
Week 16-17
6 hours
Page 3 of 5
creation. Analyze government and

fiscal policy. Explain the nature
and purpose of taxation.
Enumerate and discuss the kinds of
taxation.
Discuss the historical perspectives
of agrarian reform. Analyze the
Philippines CARP.
B.2 Comprehensive Agrarian Reform Program

C. International Trade
C.1 Trade agreements
C.2 Tariffs, Export Subsidies and Quotas
Quizzes
Recitations
Participation/Group
Presentation
Week 18
3 hours
FINALS
Explain the meaning of

protectionism. Discuss tariffs,
export subsidies, quotas and trade
agreements
REFERENCES
Calano, Roel B, (2012) Economics with Taxation and Land Reform. Ermita, Manila Phils. Educational Publishing House.
Cruz, Peter T. (2011). Introduction to Economics. Quezon City, Phils. C&E Publishing.
Leano, Jr. Roman D. (2008). Fundamentals of Economics with Agrarian Reform, Taxation and Cooperatives. Manila, Phils. Mindshapers, Inc.
McConnell, Campbell (2010). Microeconomics, brief edition. Boston, Mass. McGrawHill Irwin.
San Beda College Alabang
McEachern, William A. (2010). Macroeconomics: a contemporary introduction. Victoria, AUSCollege
SouthWestern
of Arts andCEngage
Sciences Learning..
Business Administration & Entrepreneurship Department
Page 4 of 5
Prepared by:
Business Administration & Entrepreneurship
Date Modified: June 2013
That in all things God may be glorified.
Page 5 of 5

BAE101 Introduction To Economics With LRT

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San Beda College Alabang

College of Arts and Sciences

Catholic Christian in Principle, Benedictine in Orientation, and Filipino in Character

Course Code / Title :

BAE 101/ BMC14 Introduction to Economics with LRT

Credit Units / Hours :

3 UNITS/ 3 hours per week

At the end of the course, the students are expected to:

Discuss the concept of marginal

B.3 Indifference Curve

Differentiate variable and fixed

Discuss the dynamic nature of

A. Market Structures and Production Theory

creation. Analyze government and

B.2 Comprehensive Agrarian Reform Program

Explain the meaning of

That in all things God may be glorified.

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