MAPA INSTITUTE OF TECHNOLOGY

School of Languages, Humanities and Social Sciences

VISION Mapa shall be an international center of excellence in technology education by: Providing instructions that are current in content and state-of-the art in delivery; Engaging in cutting-edge research; and Responding to the big local and global technological challenges of the times

MISSION a) The mission of Mapa Institute of Technology is to disseminate, generate, preserve and apply scientific, engineering, architectural and IT knowledge. b) The Institute shall, using the most effective means, provide its students with professional and advanced scientific and engineering, architectural and information technology education through rigorous and upto-date academic programs with ample opportunities for the exercise of creativity and the experience of discovery. c) It shall implement curricula that, while being steeped in technologies, shall also be rich in the humanities, languages and social sciences that will inculcate ethics. d) The Institute shall advance and preserve knowledge by undertaking research and reporting on the results of such inquiries. e) The Institute, singly or in collaboration with others, shall bring to bear the world's vast store of knowledge in science, engineering and other realms on the problems of the industry and the community in order to make the Philippines and the world a better place. PROGRAM EDUCATIONAL OBJECTIVES 1. To Provide students with solid foundation in mathematics, basic sciences, physics and general chemistry and their application to engineering, architecture and other related disciplines. 2. To compliment the technical training of the students with proficiency in oral and written communications. 3. To instill in the students human values and cultural refinement through the humanities and social sciences. 4. To inculcate high ethical standards in the students through its integration in the learning activities. MISSION a b c d e

COURSE SYLLABUS
1. Course Code 2. Course Title 3. Pre-requisite 4. Co-requisite : SS12 : General Economics with Taxation and Entrepreneurship : none : none : 3 units

5. Credit / Class Schedule 6. Course Description

: The course presents the study of Economics as an essential aspect of life covering basic economic problems, economic systems, prices of goods and services and economic growth. Integrated in this course are the principles of taxation and fundamentals of entrepreneurship.

Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

Prepared by:

Approved by:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 1 of 7

7. Program Outcomes and Relationship to Program Educational Objectives Program Educational Objectives 1 2 3 4

Program Outcomes (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) An ability to apply knowledge of mathematics, science, and engineering An ability to design and conduct experiments, as well as to analyze and interpret data An ability to design a system, component, or process to meet desired needs An ability to function on multi-disciplinary teams An ability to identify, formulate, and solve engineering problems An understanding of professional and ethical responsibility An ability to communicate effectively The broad education necessary to understand the impact of engineering solutions in a global and societal context A recognition of the need for, and an ability to engage in lifelong learning A knowledge of contemporary issues An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice.

Course Objectives and Relationship to Program Outcomes: Course Objectives The students should be able to: 1. discuss the definitions of 2. 3. 4. 5. 6.
Economics and its significance to our lives. analyze how market prices are affected by the interaction between supply and demand of goods and services. recognize the value of entrepreneurship. differentiate the various forms of business firms. realize the importance of Taxation in the existence of sovereign state. discuss the basics of taxation.

Program Outcomes c d e f g h i

Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

Prepared by:

Approved by:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 2 of 7

Course Coverage
Week 1

:
Topic Methodology Values Integration: Discipline, Social Responsibility, etc. LecturePresentation on Course Overview Analysis of Economic-related Newspaper/Internet Articles Assessment Recitation

The Nature and Principles of Economics Course Orientation Definition of Economics Significance of Economics How People make decisions How people interact How the economy as a whole works Basic Economic Models and Methods The Scientific Method The Role of Assumptions Economic Models The Circular-Flow Diagram The Production Possibilities Frontier Positive versus Normative Analysis

Assignment on the Demand and Supply Interdependence and the Gains from Trade Values Integration: Curve Economizing, A Parable for the Modern Economy Saving, Social Responsibility, etc. Production Possibilities Critical Examination Specialization and Trade of Basic Economic Problems Comparative Advantage: The driving force of Specialization Analysis of different Economic Models Market and Competition Graphical The Demand Curve Illustrations of the Market Demand versus Individual Demand Law of Supply and Shifts in the Demand Curve Demand The Supply Curve Market Supply versus Individual Supply Shifts in the Supply Curve Equilibrium Analysis of Prevailing Economic Situations Recitation

Elasticity & Its Application 3 The Elasticity of Demand The Elasticity of Supply FGD: Evaluation of Govt Policies Recitation Seatwork on Elasticity Graphical
Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

Prepared by:

Approved by:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 3 of 7

The Costs of Production Total Revenue, Total Cost and Profit Costs as Opportunity Costs The Cost of Capital as an Opportunity Cost Economic Profit versus Accounting Profit Production and Costs The Various Measures of Cost Cost in the Short Run and in the Long Run The Organization of the Industry Monopoly Resources Government-Created Monopolies Natural Monopolies How Monopolies Make Production and Pricing Decisions Competition with Differentiated Products 4 Duopoly Competition, Monopolies and Cartels The Equilibrium for an Oligopoly The Economics of Labor Markets The Demand for Labor The Supply of Labor Equilibrium in the Labor Market The Other Factors of production: Land and Capital Determinants of Equilibrium Wages 5 Entrepreneurship, Business Firms & Management Definitions of Entrepreneurship Significance of Entrepreneurship Principles of Entrepreneurship Feasibility Studies

Illustrations of Elasticity & Consumer Behavior Values Integration: Thrift, Frugality, Urgency, Proper Implementation of Policies,Cooperation etc. Graphical Illustrations and Problem-solving on Production Values Integration: Honesty, Commitment, Service, etc. Analysis of Unemployment & Economic Growth Issues Debate on Economic Issues Assignment on Equilibrium in the Labor Market

QUIZ 1 Recitation

Use of Comparative Seatwork on the Chart Significance of Case Study of Entrepreneurship Business Proposals Assignment on the Principles of Defense of Entrepreneurship Feasibility Studies QUIZ 2 Values Integration: Teamwork, Nationalism, Service, Protection of Local Firms, etc.

Major Forms of Business Organizations Defense of Group Business Management Feasibility Studies Presentations Social Responsibility of Management ______________________________________________________________ 6 MI DTERM
Course Title: Date Effective: Date Revised:

E XAM INA TIO N

Prepared by: Approved by:

General Economics with Taxation and Entrepreneurship

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 4 of 7

Fundamentals of Taxation Definition of Tax and Taxation Importance of Taxation Essential Characteristics of Tax Nature of the Power of Taxation

Lecture and Critiquing the Current Tax System Values Integration: Cooperation with the Govt, Social Responsibility, etc. Values Integration: Honesty, Integrity, etc. LecturePresentation on Income Taxation

Recitation

Individual Taxation, Exemptions & Computations Income, Income Tax

QUIZ 3

Gross Income, and Taxable Income Personal and Additional Exemptions 8 Basic Principles of a Sound Tax System Computation of Individual Income Tax

Computation of Individual Income Tax LectureDiscussion Group Discussion using the Actual BIR Tax Return Form Values Integration: Respect, Value of Budgeting, Social Justice, etc. Final LecturePresentation Summary of Values

Exercises on the computations of Income Tax Recitation

Recitation

Filing of Returns and Payment of Tax

QUIZ 4

10

Course Synthesis

Recitation

11
Course Title:

N A L
Date Revised:

E X A M I N A T I O N
Prepared by: Approved by:

General Economics with Taxation and Entrepreneurship

Date Effective:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 5 of 7

10. Course Outcomes and Relationship to Course Objectives/ Program Outcomes Course Outcomes
A student completing this course should at the minimum be able to: Explain the nature and importance of Economics. Describe the circular flow of economic activity. Identify the basic elements of demand and supply. Discuss the importance of consumer behavior. Explain the significance of production as a major component of the field of economics. Define market and differentiate the kinds of market structures. Express the meaning and importance of taxation. Prepare a computation of the individual income tax. Describe and differentiate the various forms of business firms.

Course Objectives 1 2 3 4 5 6 7 a b

Program Outcomes c d e f

h i

Contribution of Course to Meeting the Professional Component: Engineering topics 10% General education component -90 % 12. Course Evaluation: The minimum requirement for a passing grade is 70% (140 pts) of the final grade average from the following: Quizzes Written Tasks Class Participation/Seatwork Oral Proficiency Co-curricular Activity Midterm Examination Departmental Examination TOTAL 40 % (80 pts) 15 % (30 pts) 10 % (20 pts) 5% (10 pts) 5 % (10 pts) 10 % (20 pts) 15% (30 pts) 100 % (200 pts)

Aside from academic deficiency, other grounds for a failing grade are: Cheating during examinations Absences of more than 20 % of the total number of meetings in a quartermaster or seven (7) absences 13. References: Leao, R. (2012). Fundamentals of economics with agrarian reform, taxation and cooperatives (a modular approach. Manila : Mindshapers, Dimaampao, J. (2011). Basic approach to income taxation. Manila : Rex Book Store. Frank, R. et al. (2011). Principles of economics. New York : McGraw-Hill Irwin.
Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

Prepared by:

Approved by:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 6 of 7

Greene, C. (2011). Entrepreneurship. Mason, OH : South-Western, Cengage Learning. Manapat, C. (2010). Economics, taxation, and agrarian reform. Mankiw, G. (2009). Economics Principles. Cengage Learning Asia Pte. Ltd. Mastrianna, F. (2010). Principles of economics. Mason, OH : South-Western/Cengage Learning. Vengedasalam, D. (2010). Principles of economics. Oxford : Oxford University Press. Domondon, A. (2009) Taxation : general principles. Manila : GIC Enterprises. Gabay, B. K. et al. (2007). Economics: Its Concepts & Principles (with Agrarian Reform & Taxation). Manila: Rex Bookstore. 14. Course Materials Made Available: Internet Articles: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES. (2012) http://www.theodora.com/wfbcurrent/philippines/philippines_economy.html EconomyWatch Content. (2010). http://www.economywatch.com/world_economy/philippines/ The Library of Congress. Philippines - The Economy. http://www.mongabay.com/reference/country_studies/philippines/ECONOMY.html 45th Annual Meeting of the Board of Governors, Asian Development Bank. (2012). Economy of the Philippines. http://www.manila2012.ph/about_the_philippines/philippine_economy Kushida, K. The Political Economy of the Philippines Under Marcos. http://www.stanford.edu/group/sjeaa/journal3/geasia2.pdf Other materials: Trading in the DVD Mondschein, Ken (2009). Advertising, Sales and Marketing e-Book Goldstein, Natalie (2007). Globalization and Free Trade e-Book 16. Committee Members: SLHS Intramuros Prof. Gil Astrophel B. Orcena Social Science Cluster Chair Prof. Benigno B. Agapito, Jr. Dr. Nestor M. Asuncion Dr. Teresita V. Buenvenida Dr. Melba M. Bergado Prof. Geoffrey Rhoel C. Cruz Atty. Annabelle D.P. Donato Prof. Gil Astrophel B. Orcena Prof. Tyron Sy Dr. Josephine E. Tuliao SLHS Makati Prof. Neil Edwin V. Yuzon Academic Coordinator Prof. Marina Fe M. Rodriguez
Course Title:

General Economics with Taxation and Entrepreneurship

Date Effective:

Date Revised:

Prepared by:

Approved by:

SY2012-2013

January 2013

Social Science Cluster

Dean Jonathan P. Macayan

Page 7 of 7