CEBU TECHNOLOGICAL UNIVERSITY INS Form 1

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COURSE SYLLABUS
in
SOC SCI 2
Basic Economics with Taxation and Land Reform
2nd Semester, AY 2016-2017

Department/Area : Social Sciences

Curriculum : BSIT/BSICT
Curricular Year : Second
No. of Hours/Sem. : 54
Credit Unit(s) : Three (3) Units
Prerequisite(s) : None

Vision of the University:

A premier, multidisciplinary, technological university.

Mission of the University:

The University shall primarily provide advanced professional and technical instruction for special purposes, advanced studies in industrial trade, agriculture, fishery,
forestry, engineering, aeronautics and land based programs, education, arts and sciences, health sciences, information technology and other relevant field of study. It
shall undertake research, extension services and production, and provide progressive leadership in its areas of specialization.

Goals of the College:

The University shall produce scientifically and technologically oriented human capital equipped with appropriate knowledge, skill and attitude. It shall likewise
pursue relevant research, strengthen linkage with the industry, community and other institutions and maintain sustainable technology for the preservation of the
environment.
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Outcomes of the University:

1. Relevant, effective and quality education for sustainable growth

2. Access to quality education for the under privileged students
3. Relevant research for the economic, environmental and sustainable development
4. Expended community engagement
5. Effective and efficient management of resources

Objectives of the Program:

The acquisition and mastery of:

1. quantitative development and technological advancement competencies
2. biological and physical scientific knowledge and competencies toward scientificity in attitudes
3. linguistic, literary, and communicative cognition and competence in both speech and writing in English, Filipino and Foreign languages
4. sociological, philosophical, behavioral, kinesthetic and aesthetic knowledge and competence to preserve Filipino culture for global participation

Course Description:

This course presents a general background of economics, the interaction of its various elements and its effect in general to people’s lives. Specifically, it provides an
introduction to economics and economic concepts in theory, policy and practice, with particular reference and emphasis to the Philippine economic experience. It also
includes a general background of the laws o f taxation and land reform. Relevant laws pertaining to economics, taxation and land reform in the country will also be
discussed as enhancement and integration of the course.

General Objectives:

At the end of the course the students are expected to demonstrate the following competencies:
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Cognitive:

1. To appreciate the importance of taxation as means of supporting the government in sustaining its programs and projects as opposed to common notion on taxation as a
burden.
2. To realize the necessity for land reform program as means of state’s pursuit of social justice.
3. To instill in the students human values and cultural refinement through the humanities and social sciences.
4) To understand other political and governmental systems, their ideological basis and compare these with the Philippine system;
5) To understand the basis of the agrarian laws in the economic perspective and evaluate the significance of land reform to the landless poor.

Psychomotor:

1. To have critical studies and discussions of the basic economic principles and processes i.e. resources, market, money etc.
2. To describe and evaluate selected economic policies and issues in relation to how these affect the Filipino nation and the lives of the people.
3. Explain the measures done by the government to improve land ownership.
4. Discuss and apply the basic principles and characteristics of taxation in actual computation of tax.

Affective:

1. To inculcate high ethical standards in the students through its integration in the learning
activities.
2. To identify and internalize citizen's economic rights and responsibilities to develop their sense of nationalism and love for country.
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Course Content:

Assessment Teaching Learning Time

Intended Learning Outcome Contents Learning Resource Reference Remarks
Task(s) Activities Allocation

At the end of the topic the

students will be able to:
 Be reoriented with the Cooperative VGMO Discussion 3 hours
vision, mission, goals Learning
and objectives of the
university
 define and discuss the Oral Recitation Lecture/discussion Part I: Basic Economics Book 9 hours
importance of I. Basic Economic Principle
economics; Short Quiz Cooperative  What is Economics
 describe how the Learning  Division of Economics Internet
economic works through Reflection  Economic Resources
macroeconomics Paper Independent  Basic Economic Problems
concepts and principle; Reading  Economic Systems and
 reflect on the status of Essay Writing Tools
the Philippine economy
PRELIM EXAMINATION
 discuss the law Short Quiz Lecture II. The Prices of Goods and Book 6 hours
governing demand and Services
supply;  The Law of Demand and
 be introduced to basic Class Debate Interactive Supply Internet
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concepts such as price, discussion  The Law of Demand

supply and demand  Determinants of Demand
production; Case Analysis  The Law of Supply
 briefly discuss  Determinants of Supply
determinants of demand  Market Equilibrium
and supply; Cooperative
 identify equilibrium Learning
price and quantity as
affected by demand and
supply
 gain understanding on Group activities Lecture III. Elasticity and Consumer Books 9 hours
the concepts of elasticity Discussion Behavior
 Briefly describe factors  Factors Affecting Demand
that affect demand and Short quiz Narrative Analysis Elasticity Internet
price elasticity  Income Elasticity of
 Discuss the Law of Demand
Diminishing Marginal Group Discussion  Elasticity of Supply
Utility and how it applies  Theory of Consumer
to present day scenario Internet Research Behavior
 Law of Diminishing
Marginal Utility
MIDTERM EXAMINATION
 gain knowledge on the Oral Recitation Lecture Discussion VI. Production and Market Books 6 hours
factors of production Structure
and its impact to the  Factors of Production
economic community Short Quiz Group Dynamics  The Law of Diminishing Internet
 state and explain the Marginal Returns
Law of Diminishing  Market Structure and
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Marginal Returns Case Analysis Price Output

 understand the concept Determination
of market  Characteristics of Market
 make a comparative Models
analysis on the different
market models through
the different
characteristics
 discuss the business Group activity Library Research V. National Income Books 6 hours
cycle  Circular Flow of Goods
 defines national income and Services
as well as the concepts Oral Recitation Cooperative  Ways of Calculating Internet
of value-added, nominal Learning National Income
and real values Short Quiz  Consumption
 differentiate between  Consumption Function
the two major forms of Case Analysis  Savings and Investment
national income- the
GNP and GDP
 compute for the
country’s GNP and GDP
accounts; and
 Identify the strengths
and weaknesses of the
GDP and GNP
 gain understanding of Oral Recitation Lecture Discussion VI. The Philippine Financial Books 3 hours
the country’s financial System
system, explaining in  Nature and Necessity of
particular its role in the Cooperative Finance Internet
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economy, its structure Short Quiz Learning  Structure of the

and the issue it faces Philippine Financial
 explain the importance System
of the financial sector in  Money
the country’s pursuit of Case Analysis  Functions of Money
economic development  Fiscal Policy
and in people’s  Public Expenditures
livelihood; and
 Evaluate wether the
country’s financial
system responds to the
people’s needs
 describe the Philippine Quiz Lecture VII. Taxation Books 6 hours
Tax System Discussion  Requirements of a good
 gain understanding on tax system
the different structures Research  Approaches to Equitable Internet
 explain the importance Works Problem Solving Taxation
of paying taxes to the  Tax structure
economy as a whole
 know how to compute
tax
 know the importance of Short Quiz Lecture Discussion VIII. Land Reform/Agrarian Books 3 hours
Land Reform, its goals Reform Program
and operational  Agrarian Reform
objectives Oral Recitation  The Philippine Agrarian Internet
 define CARP and know Case Analysis Reform Program
its significance, history  Land Reform vs Agrarian
and status of its Reform
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implementation  Comprehensive Agrarian

 identify the different Reform Law
government agencies
who are involved in
CARP implementation

FINAL EXAMINATIONS

Course Requirements:

 Oral Reporting
 Reaction Paper
 Research Works
 Worksheets and Activity Sheets fully accomplished

Evaluation Procedures: (Approved Grading System Applicable to the Course/Program)

Grading System: for ACADEMIC and PROFESSIONAL subjects

A. Collegiate Grade Limits:
For mid-term and final term, the lowest grade is 65 equivalent to 5.0 in the point scale; and the highest grade is 95 equivalent to 1.0.
B. Transmutation of Raw Scores to Ratings:
The highest grade of 95 or 1.0 is equivalent to the highest possible score (the perfect score) and the lowest passing grade of 75 or 3.0 is equivalent to 50% of
the perfect score. Scores less than 50% of the highest possible score belong to conditional failures with grades of 3.1 to 4.0, and failures with grades of 4.1 to 5.0. A
score of zero (0) is equivalent to 5.0.
C. Computation of Grades for Mid-Term and Final Term:
The class standing components of the mid-term and final grades shall be: (a) daily quizzes, (b) recitation/participation, and (c) projects
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(exercises/worksheets/supplementary problems and other requirements). The daily quizzes would be in the form of written, oral or performance tests. The
following weights shall be credited for the components of the class standing rating: 30% for quizzes, 20% for recitation and 10% for attendance.
The mid-term grades and the final term grades are computed by considering 60% of the class standing rating added to 40% of the periodical test rating.

The table illustrates the weights of the components for the NON-laboratory subjects.

Daily Class Standing

Term Exam Rating Rating
Student Quizzes Participation Attendance
(40%) (Numerical) (Point Scale)
(30%) (20%) (10%)
A 85 25.5 89 17.8 88 8.8 84 33.6 86 1.9

Solution: (85 x 0.3) + (89 x 0.2) + (88 x 0.10) + (84 x 0.40) = 86 = 1.9
D. Computation of Final Rating for a Semester:
To find the final rating for a semester (for 1 student in 1 subject) add the mid-term grade to the final grade, and divide the sum by 2. A remainder of 0.5 shall be
credited in favor of the student.

References:

Books

Fajardo, Feliciano, R. (2009). Economics, Fourth Edition, Rex Printing Company, Inc.
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Guzman, Juliet S. and Aguirre, Danilo B. (2009). Mastering the Principle of Economics, National Bookstore

Pagoso, Cristobal and Virgilio Pagoso (2004). Principles of Economics. Parañaque: Nelson Publication.

Castañeda, Sherwin Prose C. (2007). Principles of Economics, 1st Edition. Mutya Publishing House Inc.

Internet Sources

“Basic Economics” Lectures in Social Sciences. Article online. <ocw.mit.edu/Political-Science-MIT> 13 November 2011.

“Land ownership can end poverty in developing countries.” Land Reform. Article online. <www.landesa.org/> 19 October 2011.

“Agrarian Reform in the Philippines” CHIBA-U. Article Online. <www.h.chiba-u.ac.jp/mkt/LANDREF> 11 January 2012.

Prepared by:

Evette Kathleen B. Tatoy

Date Submitted:

November 11, 2016

Upon Recommendation by the Committee:

Jocelyn Lopez Mae C. Domingo Teodoro Rendon

Member Member Member
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APPROVED:

DR. EINGILBERT BENOLIRAO

College Dean/Campus Director