1. The document provides a syllabus for an introductory economics course. It lists topics and concepts to be covered, required readings, and guide questions for each section. 2. The introduction section defines economics and distinguishes between macroeconomics and microeconomics. It also questions how scientific the approaches in economics are. 3. The syllabus outlines the significance of studying economics and advantages of economic knowledge, but also notes limitations of economic analysis. It explores the role of economics in daily life and moving into the next century.

1. INFORMATION CARDl
** On the provided 3" x 5" index card (color coded by section), please provide me with the following
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raule Yr./Sectton recent 1x1 nholn
Nickname Birth date (mm/dd/yyyy)
MM/Prov'l Address if dormer, state nm *t
Tel. No./cell# /e-mail
HOOOTeS-/tnterests
Special kills/abilities/talentso
S
General(type) Particu lar (title/exarn ple)
Favorite Book (e.9. Grisham bks) (e.q. The Appeal)
Movle (e.q. comic book-based) (e.o. lron Man2/Dark Knirrhr'l
Mgplc (e.9. local bands) (e.9. Sugarfree)
TV Series (e.9" silcom) (e.g. How I Met Your lVother)
' Failure to submit the info card will mean a grade of 5.0 in recitation for every quarter that the info card
isnotsubmitted- Latesubmissionoftheinfocardwillmeanadeductionof5'recitationpointsfrom
your accumulated recitation points. I will return incomplete (no/stapled lD picture, incomplete
etc). info cards for completion (which I will then consider as late submission).
', .,information, the "categories/info type". You may directly write down the info asked for.
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o Hobbies are activities you particularly record recitation points
like and engage in on a regular basis. (e.g. DOTA, marathon)
5 Interests are fields_of
stuOy that you particularly fi-nd-fascinating. (e.g. forensic science, stock market)
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academic (e.g. debite); i.ti"tic (e.g. drummer); tanguage
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BACK
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Hero:'
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"(if you could talk to Go{and ask Him one question, what would it be and whw
EY: (express yourself)'....** something to help me remember you....l have a
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] Giye (1)your name of your hero, (2) a short description of who he/she is, and (3) a brief reason why
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you were ever discouraged in life, what quote/motto would help encourage you to keep up the fight?
] !f may express yourself by writing poem,
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TCO/vsl

2. No
Class EL#1 No
Class E[#r
Name yr/Sec Name yr/Sec
JUNE 6-12' JUNE 6-12'
Date Day ltem price particulars Date Day ltem Price particulars
6 Mon Lunch p25 Coke 6 Mon Lunch p2S Coke
P28 Burser P28 Burser
e-f oad P25 e-load P25
P78 subtotal3 P78 subtotal3
7 Tues Taxi p60 to school Tues Taxi P60 to school
Lunch P4 half rice/ Lunch P4 half rice/
P40 porkchop
P4O porkchop
PLO+ subtotal P104 subtotal
8 Wed snack P69 snack: california 8 Wed snack p69 snack: california
maki (classes maki (classes
suspended) suspended)
Books P1,385 Twilieht Collection Books P1",385 Twilight Collection
PL,454 subtotal PL,454 subtotal
9 Thurs Guitar P4S TimeZone 9 Thurs Guitar p4S TimeZone
Freaks arcade (utang) Freaks arcade (utang)
Samalamig P7 Samalamig P7
Kwekkwek P20 Kwekkwek P20
P72 subtotal P72 subtotal
10 Fri Lunch P4 half rice/ 10 Fri Lunch P4 half rice/
P25 monsso P25 monggo
Snack P18 peach mango pie Snack P18 peach mango pie
Pedicab P15 to MRT Pedicab P15 to MRT
P62 subtotal P62 subtotal
11 Sat Movie:KFP2 P190 Trinoma 11 Sat Movie:KFP2 P190 Trinoma
DOTA P50 Blue Skies DOTA P50 Blue Skies
Pautang P100 (k kuya) Pautang P100 (k kuya)
P340 subtotal P340 subtotal
t2 sun Tithe P50 72 Sun Tithe P50
Laundry P170 Bublette's Laundry PITO Bublette's
P22A subtotal P220 subtotal
P2,33O TOTAL4 P2,33O' TOTAL4
'EL#1 (June 6-12), etc... until perio week (9 wks) ' EL#1 (June6-12), etc... until perio week (9 wks)
a '
Inclusive dates (M-Su) " Inclusive dates (M-Su)
a " Write subtotals (per day) in red ink . 3
Write subtotals (per day) in red ink
" Write Total (for the week) in Red Ink and Box a 'Write Total (for the week) in Red Ink and Box
Include weekend expenses as well as expenses a Include weekend expenses as well as expenses
when classes are suspended when classes are suspended
. Point Point System
complete AND on time a
complete AND on time
late OR incomplete/incorrect format 1 late OR incomplete/incorrect format 1
No Submission 1 No Submission 1

3. Syllobrrs gon Ld Qrronfen Ecortontlcs
INTRODUCTIoN 1,To EcONoMtcs
TOPICS & CONCEPTS REQUIR.ED RTADING GUIDE QUESTIONS
rm
lJ l4' t5 l6 I T^
ed. ed. ed. ed. ed.
Significance of Economic Study o Why sfudy economics?
I
r What are the advantages of economic knowledge'?
ii
r What ae the limitatirns of economic analysis?
. Is economic knowledge a necessity?
r Wrat is the role of economics in day-teday life; in
the context ofthe next century?
r Definition of Economics I I IA IA r What is Economics?
- Macroeconomics . IB r What makes Economics a Scrcial Science?
- Microeconomics e IIow scientific are the approaches in the shrdy of
r Pitfalls in Economic Reasoning economics?
- Failure ofceteris paribus r IIow do we lirnit unsound economic reasoning?
- Post'Iloc fallacy . Why do cconomisls disagrce?
- Fallacy of Composition
- Subjectivity
o Posltive&NormativeEconomics
Basic Concepts z 2 IB LZ)
r Efficiencyfareto Optirnrrm: ;
IC JC o What is efliciency?
r Law ofScarcity (LofS) 2B 2b r Are e{Eciency and effectiveness the same?
. Oplnrtunity Cost (OC) o What causes inefficiencies?
o Factors ofProduction r What causes scarcity?
- Nahlral Resources r What diffcrentiates a need frorn a want and from a
-' l,abor r demand?
- Kapital ' ,
r What is a good; what is a service?
r G<xds and Services r What do we produce; I{ow do we produce it; and
r Aitemative Economic Systems Iior whonr should we produce?
(AES) r What is a PPF graph all about?
- Command/I'raditional
- Market
- Mixed
The Market Economy -t 2A 2A IIow does the market work?
r The Invisible fland (lT! 2C zv What are the roles playal by perfect compefition,
r Perfect Competition (PC) prices and private property in a market system?
r Price System IIow does lhe market determine what. how. & for
r Private Property whom to produce?
The Command Economy
r General Functions of Governmenl
- Iilliciency
- Ilquity/liconomicSccurity
- Stability
r Macroeconomic Objectives of
Govcrnmenl
- Oulput/Economicgrowth
- Iimployment
- Pricc Stability
- Foreign Ralance
- Economic Freedom

4. INTRODU;CTION TO ECONOMIC$
TOPICS & CONCEPTS IRI'D READING GUIDE OUESTIONS
. What are the limitations/weaknesses of the
r Market failures rnrket?
- Imperfect Comptition (IC) r When does Crovemment intervene in a market
- Externalities
o
economy?
- Public Goods r
What is the role of govemment in the
r Government failures 1,' macroeconomy?
r What ae the limitations of Crovernment
intervention in the economY?
LONG EXAM (Samuelson,CHl-3)
I{istorical Evolution of tne Uartet ( optional reading ) o IIow did the market economy evolve?
Economy : i l' E.K. Ilunt and H.J. ShermarL e What me the oppositions to a market economy?
o Slavery :, I "Economics: An Introduction to r [Iow will economic systems be like ilr the fuhre?
e Feudalism 'fraditional and Redical Views, 5n
. Capitalism ed.'CH 14 (pp. la9)
o Socialism
r Communism
MtcRoEcoNoMlcs
UIRED READING GUIDE QUESTIONS
Introduction to Microeconomics
. What is the Demand Curve; Supply Cwve?
SuPPIY and Demand
e What factors aflect the Demand Curve; Supply
Factors Affecting Demand '
Curve?
- Own Price
Whnt is S&D equilibrium?
- Ittcotnc
- MarketSize/PoPulation
- Price of Substitute Gonls
- Price of ComPlementary
Goods
- TasteVPreferences
- Other factors
r Factors Alfecting SUPPIY
- Own Price ,
- Cost ofProduction
- Price ofProduction Substitute
- Market Organization
Particular Factors
r Market Equilibrium
LONG EXAM (SuPPlYandDemand)
TCO/vsl