Course Title: Basic Microeconomics

Course Code: BAFM ###

Credit Units: 3 units (3 hours lecture/week)
Prerequisites: None
Course Description:
This course introduces the principles of microeconomics, focusing on how individuals and firms make decisions to allocate limited resources. It
covers supply and demand analysis, market equilibrium, elasticity, consumer behavior, production and cost theory, market structures, and the
role of government in the economy. Special emphasis is placed on applying microeconomic concepts to financial management, investment
decisions, and market analysis.

Course Outcomes (COs)

By the end of the course, students should be able to:
1. Explain fundamental microeconomic concepts and their application in financial decision-making.
2. Analyze supply and demand interactions and determine market equilibrium.
3. Apply elasticity concepts to assess the responsiveness of markets to changes in prices and incomes.
4. Evaluate production, costs, and profit-maximizing decisions in various market structures.
5. Assess the impact of government interventions such as price controls, taxes, and subsidies.
6. Use microeconomic reasoning in evaluating business and financial strategies.
WEEKLY LESSON PLAN (OBE Format)

PRELIM PERIOD – Foundations and Market Basics

Week Topic Intended Learning Outcomes (ILO) CLO Bloom’s Level Assessment Tasks

1 Introduction to Economics Define microeconomics, scope, and CLO1 Remembering, Quiz, class
& Microeconomics importance in financial decision-making Understanding participation

2 Basic Economic Problems Identify scarcity, choice, and opportunity CLO1 Understanding Worksheet, short quiz
cost; differentiate positive vs. normative
economics
3 Demand & Supply Basics Apply the laws of demand and supply to CLO2 Applying Problem set, graph
determine equilibrium price and quantity plotting
4 Changes in Equilibrium Analyze effects of shifts in demand and CLO2, Analyzing Case study: stock
supply curves CLO6 market price change
5 Elasticity Concepts Compute price elasticity of demand and CLO3 Applying, Analyzing Computation
supply; interpret results exercises, quiz
6 Income & Cross Elasticity Analyze effects of income and cross CLO3, Evaluating Group presentation
elasticity on related markets CLO6
7 Prelim Integration & Summarize and integrate Prelim concepts CLO1– Understanding, Prelim exam review
Review through real-world examples CLO3 Applying activities
8 Prelim Examination Demonstrate mastery of Prelim topics CLO1– Understanding, Written exam
CLO3 Applying, Analyzing
MIDTERM PERIOD – Consumer and Producer Decisions

Week Topic Intended Learning Outcomes (ILO) CLO Bloom’s Level Assessment Tasks

9 Utility Theory Explain consumer decision-making CLO4 Understanding, Problem set

using total and marginal utility Applying

10 Indifference Curves & Graph and interpret consumer choices CLO4 Applying, Analyzing Graphing exercise
Budget Constraints within budget constraints

11 Theory of Production Apply production function concepts and CLO4, Applying, Analyzing Problem-solving
the law of diminishing returns CLO6 exercises

12 Short-Run & Long-Run Compute short-run and long-run costs; CLO5 Applying, Analyzing Computational
Costs identify economies of scale exercises

13 Break-Even & Cost Perform break-even analysis for CLO5, Applying, Evaluating Case study: business
Analysis business decision-making CLO6 cost structure

14 Midterm Integration Consolidate Midterm topics and relate CLO4– Understanding, Case analysis
them to financial management CLO6 Applying

15 Midterm Examination Demonstrate mastery of Midterm topics CLO4– Applying, Analyzing, Written exam
CLO6 Evaluating
FINALS PERIOD – Market Structures and Government Intervention

Week Topic Intended Learning Outcomes (ILO) CLO Bloom’s Level Assessment Tasks

16 Market Structures Compare perfect competition and monopoly CLO5 Understanding, Short exam
I pricing/output Analyzing

17 Market Structures Evaluate monopolistic competition and CLO5, Analyzing, Evaluating Group simulation
II oligopoly using basic game theory CLO6

18 Price Controls Analyze effects of price ceilings and floors CLO5 Applying, Analyzing Graphing exercise
on markets

19 Taxes & Subsidies Compute tax incidence and analyze subsidy CLO5 Applying, Evaluating Problem set
effects

20 Market Failures Identify causes of market failures and CLO5, Understanding, Case study: financial
recommend interventions CLO6 Evaluating market regulation

21 Integration & Apply all microeconomic concepts to real- CLO1– Creating, Evaluating Final group project
Application world financial management CLO6

22 Final Demonstrate mastery of Finals topics CLO1– Applying, Analyzing, Written exam
Examination CLO6 Evaluating

Assessment Weighting
 Quizzes & Exams – 40%
 Problem Sets & Computational Exercises – 20%
 Case Studies & Reports – 15%
 Group Projects & Presentations – 15%
 Participation – 10%
References
 Mankiw, N. G. (2021). Principles of Microeconomics. Cengage Learning.
 Bernheim, B. D., & Whinston, M. D. (2020). Microeconomics. McGraw-Hill.
 Hubbard, R. G., & O’Brien, A. P. (2019). Microeconomics. Pearson.
 Salvatore, D. (2019). Microeconomics: Theory and Applications. Oxford University Press.
 Philippine Statistics Authority (PSA) – Market and economic data.