Republic of the Philippines

University of Eastern Philippines

PEDRO REBADULLA MEMORIAL CAMPUS
Catubig, Northern Samar
uepprmcampus@gmail.com
Mobile Numbers: Globe: 0927-508-5408 Smart: 0908-236-1226

COLLEGE OF HOSPITALITY MANAGEMENT

Syllabus in BC 5a (Applied Economics)

First Semester SY: 2021-2022

University Vision Objectives

Globally competitive university producing top-caliber graduates in pursuit of higher
economic welfare of the people and the community through inclusion and cooperation 1. To expand the human resource development by producing necessary
from the stakeholders. learning & development to faculty and staff.
2. To enrich student development through enhancing academic programs
University Mission 3. To rationalize the university's financial expenditures
Provide technical and professional training, advance instruction in the literature, ants 4. T0 improve the physical resources necessary and available to support the
Philosophy, the sciences and promotion of innovation, scientific and technological university fulfill its programs, project and activities.
researches.
5. To develop research, development and extension programs toward poverty
Strategic Thrusts
1. Enhance faculty and staff development. reduction through food security, environment, livelihood and employment.
2. Heighten student development and academic programs. 6. To improve the efficiency and effectiveness administrative system and
3. Rationalize financial resources accountability for performance.
4. Improve physical resources Values
5. Intensity research, innovation and extension The university's core values define the qualities that are desired and established in the
6. Refine administrative system practice of its administrators, faculty staff/students.
Goal  Transparent: propagate the organizational culture of trust among administrators,
To continually explore better opportunities to enhance instruction, research, extension faculty, staff and students.
and production through linkages that will maximize utilization of resources of both  Participatory: university constituents are afforded to engage in decision making on
government and non-government institutions matters that affect the greater good.
 Consensus-oriented: decisions are collaborative in which faculty and staff work
together to reach as much understanding as possible.
4. Apply information and communication technology (ICT) skills as required by the
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 business environment.
Values Continued 5. Work effectively with other stakeholders and manage conflict in the workplace.
6. Plan and implement business-related activities.
 Responsive: the drive to understand views of constituent and the operating con-
7. Demonstrate corporate citizenship and social responsibility
text.
8. Exercise high personal, moral and ethical standards.
 Effective and Efficient: the institution's capacity to produce desired results with a
minimum use of resources.
 Equitable and inclusive: giving value and respect to individuals, as well as rec- College Goals
ognizing the specific challenges and circumstances experienced by different To provide relevant, accessible and quality higher education programs and
academic groups.
service that will help to the socio-economic development of the country.
 Rule of law: exercise by administrators subordinating it to well-defined estab-
lished policies.
PROGRAMS OBJECTIVES
Program Outcomes 1. To provide information and technical knowledge on varied areas of hospitality
A graduate of BS in Hospitality Management should be able to but not limited to: and tourism industry.
1. Perform the basic functions of management such as planning, organizing, lead- 2. To produce multi-skilled, flexible and productive workers and managers in the
ing and controlling. hospitality and tourism industry.
2. Apply the basic concepts that underlie each of the functional areas of business 3. To produce graduates with desirables workplace behavior and positive work
(marketing, finance, human resources management, production and operations values.
management, information technology, and strategic management) and employ
these concepts in various business situations.
3. Select the proper decision-making tools to critically, analytically and creatively
solve problems and drive results.

Course Title: Applied Economics

Course Code: BC 5a Contact Hours/Week: 3 units/ 5 hours per week/ 3 hours
Course Description: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the Filipino
entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential
business opportunities. The main output of the course is the preparation of a socioeconomic impact study of a business venture.
Prerequisite: None
Course Learning Outcomes At the end of this course, the students should be able to:
A. Knowledge:
1. Define basic terms in applied economics
2. Identify the basic economic problems of the country.
3. identify and explain different principles, tools, and techniques in creating a business.
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 4. Discuss and explain factors affecting demand and supply.
5. Explain market structures (perfect competition, monopoly, oligopoly, and monopolistic competition)
6. Explain the effects of various socioeconomic factors affecting business and industry
B. Skills
1. Compare the prices of commodities and analyze the impact on consumers
2. Apply business principles, tools, and techniques in participating in various types of industries in the locality.
3. Evaluate the viability of a business and its impact on the community.
C. Value
1. Appreciate the applied economics which can be used to solve economic problems.
2. Value the importance of the law of supply and demand, and how equilibrium price and quantity are determined
Number of Hours: 3 hours every week for 18 weeks or 54 hours in a semester
COURSE OUTLINE AND TIMEFRAME
Weeks Course Content/ Subject Matter
1-4 INTRODUCTION TO APPLIED ECONOMICS
 Basic Terms in Applied Economics
 Basic Economic Problem of the Country
 Applied Economics in Relation to the Philippine Economic Problems
5-9 APPLICATION OF SUPPLY AND DEMAND
 Law of Supply and Demand, and how equilibrium price and quantity are determined
 Know the factors affecting demand and supply
 Compare the prices of commodities and its impact on consumers
 Market Structure (perfect competition, monopoly, oligopoly, and monopolistic competition)
10 MIDTERM EXAMINATION
11-13 INDUSTRY AND ENVIRONMENTAL ANALYSIS
 Business Opportunities identification
 Principles, Tools and Techniques
14-17 SOCIO-ECONOMIC IMPACT STUDY
 Socio-economic factors affecting Business and Industry
 Business Viability and Its Impact to the Community
18 FINAL EXAMINATION

Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
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LEARNING PLAN
Methodology Resources Assessment
Learning Outcomes Course Content/ Topic
Week 1- 4 INTRODUCTION TO APPLIED ECONOMICS
 Basic Terms in Applied  Brainstorming  Dinio, Rosemary P. and Villasis, Quiz on the
 define basic terms in applied Economics  Lectures George A. 2017, Applied Economics, reading
economics  Basic Economic Problem of  Discussions First Edition, Rex Book Store Inc. materials
 Identify the basic economic the Country  Collaborative  Edilynda G. Enriquez 2016,
problems of the country.  Applied Economics in Learning Organization and Management, First
 Explain how applied Relation to the Philippine Edition, JFS Publishing Services,
economics can be used to Economic Problems Manila Philippines
solve economic problems.  Dinio, Rosemarie P. and Villasis,
George A.,Apllied Economics, 2017
edition, Rex Book
Store,Manila,Philippines.
 Websites:
 https://corporatefinanceinstitute.com/
resources/knowledge/strategy/industry-
analysismethods//11/26/2020
 http://www.netmba.com/strategy/swot//
11/26/2020
 https://www.civilserviceindia.com/
subject/Management/notes/
industryanalysis.html/11/26/2020
 https://www.investopedia.com/terms/b/
business.asp/11/26/2020
https://www.business-to-you.com/porter
s-five-forces/11/26/2020
https://businessjargons.com/environme
ntal-analysis.html/11/26/2020
 Source:https://www.coursehero.com/
doc-asset/bg/
2fcc6b9ccf1c75c5515a3b5506df512164
c7be0d/splits/v9/split-0-page-1-html-
bg.jpg
Week 5-9 APPLICATION OF SUPPLY AND DEMAND
Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
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The original copy of this documents is with the Documented Information Controller/ Records Office.
Any disclosure, reproduction or use is strictly prohibited except with permission from UEP. Page 4
  Value the importance of the  Law of Supply and  Brainstorming  Bautista, Germelino. Economics and Quiz on the
law of supply and demand, Demand, and how  Lectures Society. (Quezon City: Ateneo de reading
and how equilibrium price equilibrium price and  Discussions Manila University Press, 2013). materials
and quantity are determined quantity are determined  Introduction to Entrepreneurship by the
 discuss and explain factors  Know the factors affecting Small Enterprises Research and
affecting demand and supply demand and supply Development Foundation (SERDEF) in
 compare the prices of  Compare the prices of Cooperation with UP Institute for Small-
commodities and analyze commodities and its Scale Industries. 2007.
the impact on consumers impact on consumers http://www.serdef.org/
 explain market structures  Market Structure (perfect  Morato, Eduardo A., Jr. PhD. Preparing
(perfect competition, competition, monopoly, for Entrepreneurship. (Legaspi Village,
monopoly, oligopoly, and oligopoly, and monopolis- Makati: ACE Cetner for
monopolistic competition) tic competition) Entrepreneurship and Management
Education, 2008).
 Morato, Eduardo A., Jr. PhD. A Trilogy
on Entrepreneurship: Text and
Workbook. (Legaspi Village, Makati:
ACE Center for Entrepreneurship and
Management Education, 2015).
 Villegas, Bernardo M., PhD. Guide to
Economics for Filipinos. 7th ed. (San
Antonio Village, Makati: Sinagtala
Publishers, 2010).
 Windows to Entrepreneurship: A
Teaching Guide by the Small
Enterprises Research and Development
Foundation (SERDEF), Philippine
Coyright. http://www.serdef.org/2013.

Week 10: MIDTERM EXAMINATION
Week 11-13 INDUSTRY AND ENVIRONMENTAL ANALYSIS
 Apply business principles, tools,  Business Opportunities  Brainstorming  Dinio, Rosemarie P. and Villasis,  Quiz/
and techniques in participating in identification  Lectures George A.,Apllied Economics, 2017 Chapter
various types of industries in the  Principles, Tools and  Discussions edition, Rex Book Summary
locality Techniques  Collaborative Store,Manila,Philippines. Test
Learning  Websites:
Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
This document is a sole property of the UNIVERSITY OF EASTERN PHILIPPINES (UEP).
The original copy of this documents is with the Documented Information Controller/ Records Office.
Any disclosure, reproduction or use is strictly prohibited except with permission from UEP. Page 5
 identify and explain different  https://corporatefinanceinstitute.com/ Assignments
principles, tools, and techniques resources/knowledge/strategy/industry-
in creating a business. analysismethods//11/26/2020
 http://www.netmba.com/strategy/swot//
11/26/2020
 https://www.civilserviceindia.com/
subject/Management/notes/
industryanalysis.html/11/26/2020
 https://www.investopedia.com/terms/b/
business.asp/11/26/2020
https://www.business-to-you.com/porter
s-five-forces/11/26/2020
https://businessjargons.com/environme
ntal-analysis.html/11/26/2020
 Source:https://www.coursehero.com/
doc-asset/bg/
2fcc6b9ccf1c75c5515a3b5506df512164
c7be0d/splits/v9/split-0-page-1-html-
bg.jpg
Week 14-17 SOCIO-ECONOMIC IMPACT STUDY
 Explain the effects of various  Socio-economic factors  Brainstorming Book:
socioeconomic factors affecting affecting Business and  Lectures  Applied Economics, R. Dinio et al,
business and industry Industry  Discussions Rex
 Evaluate the viability of a  Business Viability and Its  Collaborative  C & E Publishing Corporation
business and its impact on the Impact to the Community Learning WWW.google.com.ph
community. Website:
 Https://study.com/academy/lesson
 Https://inomics.com/terms/total-
utility-146740
Week 18: FINAL EXAMINATION

APPLIED ECONOMICS Required Readings and Other Materials

 Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).
 Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale Industries.
 2007. http://www.serdef.org/
 Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).
Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
This document is a sole property of the UNIVERSITY OF EASTERN PHILIPPINES (UEP).
The original copy of this documents is with the Documented Information Controller/ Records Office.
Any disclosure, reproduction or use is strictly prohibited except with permission from UEP. Page 6
  Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook. (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
 2015).
 Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).
 Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright.
 http://www.serdef.org/2013.

Course Requirements Classroom Policies

Module Module Submitting

GRADING SYSTEM Special Lecturer: Consultation:

MARY ANN C. ESTUDILLO
Written Work 30% _____________________________________________________________
Midterm Exam 35% Email Address: MWF
Final Exam 35% maryannestudillo22@gmail.com 2:00-3:00 PM
Total 100% _____________________________________________________________
Contact Number:
09057732306

Prepared by: Checked by: Checked by: Approved by:

MARY ANN C. ESTUDILLO, MBA DELMA T. FLORANO, MBA MAREFEL U. SABUTAN, M.Ed LYRA PAZ P. LLUZ, MAED
Special Lecturer Department Head Head of Instruction Asst. Director for Academic Affairs

Date: Date: Date: Date:

Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
This document is a sole property of the UNIVERSITY OF EASTERN PHILIPPINES (UEP).
The original copy of this documents is with the Documented Information Controller/ Records Office.
Any disclosure, reproduction or use is strictly prohibited except with permission from UEP. Page 7
Effectivity Date: July 20, 2018 Document Code: UEP-T-04ODFI-1-001 Version No.: v1
This document is a sole property of the UNIVERSITY OF EASTERN PHILIPPINES (UEP).
The original copy of this documents is with the Documented Information Controller/ Records Office.
Any disclosure, reproduction or use is strictly prohibited except with permission from UEP. Page 8