CONTENT/TOPICS TIMEFRAME
(hrs)
Remarks
Part 1: Basic Economics
I. Basic Economic Principles
A. What is Economics
B. Economic Resources
C. Economic Systems and Tools
3
II. Economic Activities
A. Circular Flow of Economic Activities
B. Supply and Demand
C. Production, Cost and Profit
D. Monopoly and Competition
E. Philippine Financial System
F. Money and Monetary Policy
3
3
IV. Political Economy
A. Political – Economic Framework
B. Two Ideal Type Political Economies
C. Key Problem for Each Ideal Type Political Economies
D. Mixed Economy
E. “Isms” in Political Economy
3
3
Part 2: Taxation
V. General Principles of Taxation
A. Taxation
B. Nature of Taxation
C. Taxation Distinguished from other Powers of the State
2
3
VI. Limitation on the Powers of Taxation
A. Inherent Limitations of Taxation
B. Constitutional Limitations
4
VI. Double Taxation and Tax Exemptions
A. Kinds of Double Exemptions
B. Kinds of Tax Exemptions
5
VII. Income Taxation
A. Definition of: Income, Income Tax, Gross Income, and
Taxable Income
B. Personal and Additional Exemptions
C. Computation of Individual Income Tax
D. Filing of Returns and Payment
3
2
2
Part 3: Agrarian Reform
VIII. Land Reform
A. Meaning of Land Reform
B. Meaning of Agrarian Reform
C. Components of Agrarian Reform
3
2
IX. Aspects of Agrarian Reform
A. Economic, Socio-cultural Biblical, Moral, Legal, and
Political Aspects
B. History of Philippine Agrarian Problem
C. The Role of Peasants and Land Lord
3
1
X. RA 6657 or Comprehensive Agrarian Reform
Program
A. Need for CARP
B. Objectives of the CARP
C. The CARL (Comprehensive
Agrarian Reform Law)