De La Salle University-DasmariñasCollege of Liberal Arts and Communication

Social Sciences Department

COURSE SYLLABUS S.Y. 2013- 2014

Course Title Principles of Economics with Land Reform and Taxation Course Code SOSC107Units Earned 3Prerequisite NoneProfessorConsultation Period

Time Day Venue ___________ _______ ______________ ___________ _______ ______________ ___________ _______ ______________

I. COURSE DESCRIPTION

The course offers fundamental concepts, theories and principles of economics which will able the student to rationalize and evaluate the utilization of individual’s and economy’s resources. In addition, economic policies and problems especially land/agrarian reform and taxation, vis-à-vis issues, are given emphasis in this study. This gives student opportunities to be exposed to current economic news, both local and global that will help him/her appreciate and realize the application of the learned principles and theories of Economics. In the end, this course will equip the student with knowledge, skills and values in making wise personal decisions and in understanding other people and sectors, that could contribute positively to the economy as a whole.

II. DESIRED LEARNING RESULTS

Expected Lasallian Graduate Attributes (ELGAs)

At the end of the course, the following are expected to be realized:

God- loving Realize that efficient and proper utilization of all resources is a responsibility of each individual for the achievement of deeper goals that are satisfying to a greater number of people if not all and therefore to God.

Has passion for excellence Understand deeply the concepts, theories and principles so that student can apply them in his/her daily living and to his/her future endeavor.

Patriotic Exercise economic decision-making and action-doing that will benefit not only himself/herself but also other Filipinos especially the less fortunate, thus helping in the Philippine economy to develop.

III. FINAL PRODUCT

The goal is to produce and present a final paper (individual/group of three) focusing on Philippine economic situation (economic indicators, economic problems and others)/ Philippine land and agrarian reform programs/Philippine taxation.

You will do research work preferably field research to get primary data from the different members of the society regarding the basic issues of the topics discussed.

You will analyze social and economic issues, including that of the land reform and taxation and how they affect the peoples’ daily lives applying the basic theories and principles learned.

ELGA-based rubric for the final output (adapted from Rooney and the High Plains Regional Technology in Education Consortium)

A. Patriotic

Characteristics Advanced (4 pts) Intermediate (3 pts) Elementary (2 pts) Beginner (1 pt) ScoreChoice of topic Topic deals with a current

and pressing national economic issue.

Topic deals with a current and important local economic issue.

Topic deals with an important local economic issue

Topic deals with a local economic issue.

B. Passionate for Excellence

Characteristics Advanced (4 pts) Intermediate (3 pts) Elementary (2 pts) Beginner (1 pt) ScoreSubject knowledge Full knowledge of the

subject-matter is demonstrated through the application all relevant theories and principles in the analysis of data/information gathered.

Adequate knowledge of the subject matter is demonstrated through the application theories and principles in the analysis of data/information gathered.

Little knowledge of the subject matter is exhibited through plain presentation of data/information gathered.

No knowledge of the subject is exhibited.

Presentation Presentation is consistently organized, with very good introduction, well-presented data and analysis, sharp conclusion and proper citation of sources.

Some parts of the presentation are disorganized. Important parts of a paper are exhibited.

Most parts of the presentation are disorganized. Some parts are missing.

Presentation is not organized.

C. God-loving

Characteristics Advanced (4 pts) Intermediate (3 pts) Elementary (2 pts) Beginner (1 pt) ScoreConclusion Conclusion creatively

integrates Christian-like perspectives.

Conclusion integrates Christian-like perspectives.

Conclusion is creative. Conclusion is missing or unclear.

Answering questions

All questions are answered in light of Christian decorum and perspective.

Most questions are answered in light of Christian decorum and perspective.

Some questions are answered in light of Christian decorum and perspective.

Only few questions are answered in light of Christian decorum and perspective.

IV. VALID ASSESSMENT

Preliminary/IntroductoryMidterm/Enabling

Criteria Final/ Culminating Criteria

Assignments 15% Assignments 15%Class Participation 15% Class Participation 15%Attendance 10% Attendance 10%Reports 10% Quizzes 20%Quizzes 20% Final Paper Presentation 10%Major Exam 30% Final Paper 30%Total 100% Total 100%

V. COURSE OUTLINE

Topics Hours Teaching Strategies Class ActivitiesPreliminary (18 hours): Fundamental Economic Concepts and TheoriesOrientation 1.5 Setting the tone.

Establishing rapport. Creating learning

contract.

God loving – Gospel readingPatriotic – Initial discussion on knowledge about the Philippine economic situation.

Introduction to Economics Define economics by understanding the concepts

of scarcity and efficiency and relating them to the concepts of production possibilities curve, choice,

1.5 Sharing of individual, family (household) and community experiences and observations.

God loving – Gospel readingPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentation

opportunity cost and tradeoff and be able to examine the basic economic questions.

Differentiate microeconomics from macroeconomics.

Identify basic economic activities, types of economic resources and classification of goods.

Updating self on current issues.

Graphical illustration.

Patriotic – recitation on the characteristics Philippine economic resources and Filipinos consumption pattern

Economics and economic models Identify and relate economic goals and economic

issues (unemployment and inflation) and other economic indicators.

Compare economic systems, relate each to basic economic questions and evaluate based on achieving economic goals.

Learn the economic interdependence of economic actors, by understanding the different circular flow models of economic activities.

5.0 Assessing present development situations: local, national and international.

Real-life examples of countries

Diagrammatic illustration.

God loving – Gospel reading, class discussionPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentationPatriotic – recitation about the Philippine economy (economic system, economic indicators, problems and objectives)

Microeconomics: Demand & Supply Learn how the market works by understanding

the forces of demand and supply through the concepts of quantity demanded and quantity supplied; demand schedule and supply schedule; demand curve and supply curve.

Use these concepts in understanding the Law of demand, Law of diminishing marginal utility, Income effect and Substitution effect and Law of supply.

Differentiate Change in quantity demanded and Change in demand; Change in quantity supplied and Change in supply.

Understand the concept of elasticity including the degrees and types, its effects to demand for and supply of goods and services and its application on firms’ and government’s decision-making.

10.0 Graphical illustration. Mathematical equations

and formulae. Current news article

analysis for real-life application demand and supply concepts.

Sharing of individual, family (household) and community experiences

God loving – Gospel reading, recitationPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentation Patriotic- individual/group written exercises on application on price determination of goods and services, exchange rates and wage rate determination in country.

Apply concepts and theories learned in analyzing the interaction between supply and demand which will result to learning about market equilibrium, shortage and surplus.

Midterm (18 hours): Firm’s, Industry’s and Economy’s Production Concepts and Theories of Production

Define production and identify the primary factors of production (land, labor, capital)

Differentiate the theories of production:* Labor-intensive technology and Capital-intensive technology*Short-run production period and Long-run production period*Economies of scale and diseconomies of scale

Understand the Law of diminishing returns and the Law of comparative advantage

Define the different concepts production cost (fixed cost, variable cost, total cost, marginal cost, average cost, explicit cost and implicit cost) and revenue (total revenue and marginal revenue).

Apply the concepts and theories in a firm’s cost-benefit analysis (profit maximization or loss minimization) in making production and business decisions.

4.5 Data presentation. Mathematical

computation. Situational analysis and

sharing evaluation.

God loving – Gospel reading, recitationPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentation and written exercises.

Market Structures Identify the characteristics and understand the

features of perfect competition, monopolistic competition, oligopoly and monopoly to be able to explain why firms experience varying levels of competition, holding different level market control and the efficiency/inefficiencies of firm/s in each structure.

3.0 Tabular comparison of features.

Research for examples of industries for each.

Sharing of assessments.

God loving – Gospel reading, recitationPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentationPatriotic – oral/written recitation as an observation and assessment of industries in the Philippines.

Forms of Business Organization and Other Relevant Organizations

3.0 Research for the characteristics of each

God loving – Gospel reading, recitationPassionate for excellence – Lecture and

Compare sole proprietorship, partnership and corporation by identifying characteristics, features, advantages and disadvantages.

Learn the role of cooperatives and other non-profit organizations (associations and labor unions) in the economy.

organization. Sharing of examples of

local businesses in different forms.

group discussion, quizzes, individual oral report/presentationPatriotic – oral/written recitation as an observation of prevalent form of business organization in the Philippines.

Macroeconomics: National Income and Output Accounts and Economic Policies/ Globalization & International Trade

Define aggregate demand and aggregate supply Differentiate Gross Domestic Product (GDP)

from Gross National Product/Income (GNP/GNI), nominal GDP/GNI from real GDP/GNI, approaches to GDP (expenditure, income and industrial-origin)

Learn the idea and details of macroeconomic policies (fiscal policy and monetary policy) to be able to understand and examine the government’s role in affecting the aggregate demand/GDP, addressing economic including social issues and achieving economic and societal goals

Apply the learning in evaluating economic laws, rules, programs that the government is implementing and examine government decision and outcomes based on economic principles.

7.5 Assessing present development situations : local, national and international

Visiting websites (government and non-government) for macroeconomic data.

Data presentation.

God loving – Gospel reading, recitationPassionate for excellence – Lecture and group discussion, quizzes, individual oral report/presentationPatriotic – oral/written recitation as an interpretation of the data/information gathered from the website visited.

Final/Culminating (18 hours): Taxation and Agrarian ReformTaxation

Describe taxation and tax; philosophy, genesis and stewardship, structures, procedures

Classify taxes as direct tax or indirect tax and national tax or local tax.

Evaluate Philippine taxation based on basic principles of a sound tax system (fiscal adequacy, theoretical justice and administrative feasibility) and on structure of taxation (progressive, proportional and regressive).

4.5 Sharing of life experiences

Updating self on current issues on tax laws.

Getting and studying samples of BIR Forms.

Computation of personal income tax.

God-loving – Discussing topic in relation to a Gospel reading Passionate for excellence - Lecture and group discussion, quizzes, individual oral report/presentationPatriotic- Giving critical analysis and interpretation

Familiarize with income taxation (personal income and corporate profit tax).

Tax disputes and resolutionsLand Reform and Agrarian Reform

Differentiate land reform and agrarian reform. Know the history, features,models and principles

of the Philippine land reform and agrarian reform programs emphasizing the Comprehensive Agrarian Reform Program (CARP).

Evaluate the country’s agrarian reform program using cost-benefit analysis and comparison with the other countries experiences : economic, political, socio-cultural, religious, moral

4.5 Documentary film showing.

Attending seminar/forum of DAR.

God loving – Gospel reading, recitationPassionate for excellence and Patriotic – oral/written recitation as reflection on agricultural, economic and social problems.

Production and Presentation of Final Output Field /Library Research on: *Philippine Economic

Situation*Agrarian Reform* Taxation

Presentation/Oral defense of Final Output

6.0

3.0

Field work Library research Simulated group

facilitation Interactive Discussion

God-loving – Discussing final output in relation to a Gospel reading Passionate for excellence - Giving critical analysis, interpretation, asking relevant questions and answering them.Patriotic – Topic is of relevance to pressing issues of the Philippine economy.

VI. COURSE POLICIES

A. The use of mobile phones and other electronic gadgets is prohibited during class hours unless a special permission to do so is granted.B. Students are allowed seven (7) absences inclusive of tardiness for a 1½ hour-class; four (4) absences inclusive of tardiness for a three

hour-class; and All absences thereafter shall mean excessive absences which are equivalent to a grade of 0.0.C. Two tardiness equals one absence rule is applied. Tardiness is defined as fifteen minutes of any class meeting time. D. Assignment must be submitted before the class begins; unless otherwise indicated.E. Make-up quizzes are given at anytime during the period (prelim, midterm and final). Students who missed any quizzes should see the

subject teacher during his/her consultation hours.F. Extra credit will be given to students who will have perfect attendance for the whole semester and who is always punctual in the class. G. Uphold academic honesty. Plagiarism and cheating are prohibited. This could merit a grade of 0.0.H. Special major exams are scheduled one week after the administration of the major exams. I. Concerns (grades, activities, performances, etc) must be discussed properly with the subject teacher.

N.B. All other policies (attendance, tardiness, decorum, grievance, etc) shall be subject to the provisions of the latest version of the Student Handbook.

VII. REFERENCES

Baumol, William and Blinder Alan. (2002). Economics: principles and policy. Ohio, U.S.A.: Thomson South-Western.

Bermudez, Neil Cathy. (2000). Principles of economics: comprehensive agrarian reform, and taxation. Diliman , Quezon City: GRAD Printing Center.

Borras, Saturnino M. (2008). Competing views and strategies on agrarian reform. Quezon City: Ateneo de Manila University Press.

Case, Karl and Fair, Ray. (2005). Principles and foundations of economics. Prentice Hall, Inc.

Clayton, Gary. (2005). Economics principles and practices. New York: McGraw Hill.

Fajardo, Feliciano. (2001). Economics. Manila: Rex Book Store.

Gabay, Bon Kristoffer. (2007). Economics: its concept & principles (with agrarian reform and taxation). Manila, Philippines: Rex Book Store.

Mankiw, N. Gregory. (2001). Principles of economics. Philippines: Thomson Learning, Inc.

Mendoza, Lorelei and Tapang Bienvenido. (2001). Introduction to economics. University of the Philippines Open University.

Pagoso, Cristobal, et. al. (2004). Principles of economics. Parañaque City: Nelson Publication.

Schiller, Bradley R. (2002). Essentials of economics. New York: McGraw Hill.

Sicat, Gerardo. (2003). Economics. Philippines: Cacho Hermanos, Inc.

Tucker, Irvin B. (2000). Economics for Today. U.S.A.: South Western College Publishing- Thomson Learning

N.B. Other references may be required and/or provided as necessary.

Prepared: Social Sciences Department

Endorsed: Josephine L. Cruz Christian George C. Francisco, Ph.D.Chair, Social Sciences Department Dean, College of Liberal Arts and Communication