Wednesday, June 22, 2016

Weekly Homework (Economics, First Semester 2016 - 2017)

1. Kindly check your weekly homework. Please follow the guidelines (below) when submitting your handwritten report in a recycled short bond paper; margin, one inch (top, bottom, left, right) No deadline extension.

Write your,

Name and Course/Year:
Weekly Homework Number: 
Class Schedule and Date Submitted:
Title of economic/business article/s:

Then, comply the following after reading the assigned economic/business article/s:

a. What are the words and phrases you find hard to understand? Please provide your initial understanding of these words and phrases.b. Do you have a hard time understanding these words and phrases? Why or why not?c. Provide a brief analysis of the economic/business article/s. The analysis could be visual or written.
Deadline every Tuesday. No deadline extension.


Week 1, June 20 - 24: homework #1

Week 9, August 15 - 19: homework #09

Week 10, August 22 - 26: homework #10

Week 11, August 29 - September 2: homework #11

2. For your online exercises (Aplia):  No deadline extension.
Principles of Economics by Arnold Set (textbook+APLIA code)  
                 888.00 regular price less 10% discount upon showing School ID
Principles of Economics by Arnold APLIA code only        
                 670.00 net of discount

Begin: 06.20.16      End: 10.28.16
Grace Period: Ends at the end of the day on 07.10.16
Textbook: Economics by Arnold
Student Registration URL:

Course Key: 78UT-7VR5-28VY

3. Grading System: 

40% - Long  (Major) Examinations
25% - Aplia (Online Exercises)
25% - Terminal Report/s
10% - Class Participation (Homework and seatwork)
100% - Total

4. Terminal Report: 
DEADLINE September 3, 2016 (No Terminal Report, No Final Exam) 

Submit your report in a recycled short bond paper, with your name, course and year, class schedule, name of teacher. Attached photos of your visit.


Part I.Interview five (5) vendors selling typical products outside our university. Formulate 10 questions that relates to supply and production and costs

Part II.Interview three (3) consumers each from the five (5) vendors you interviewed. Formulate 10 questions that relates to demand, maximizing utility and consumer behavior.

Part III.Provide an economic naturalist essay, at least 500 words. Check guidelines below:

An important part of your experience in this course will be two short writing assignments designed to foster your skills as an economic naturalist. In each of these papers, your assignment is to use a principle, or principles, a concept, or concepts, discussed in the course to explain some pattern of events or behavior that you personally have observed around you. Some examples are discussed below and some others might be discussed in class.

Your space limit is 500 words. Many excellent papers are significantly shorter. Please do not lard your essay with complex terminology. Imagine yourself talking to a relative who has never had a course in economics. The best papers are ones that would be clearly intelligible to such a person, and typically these papers do not use any algebra or graphs.

This assignment is not a PhD dissertation. You are not expected to do voluminous research in support of your argument, although a relevant fact or two might help convince yourself and others that you are on the right track. It makes no difference whether your topic is “important,” but try, as best you can, to choose something interesting. A really successful paper is one that begins with a really interesting question (one that makes the listener instantly curious to learn the answer) and then uses an economic principle or principles to construct a plausible answer. You’ll know you have a good paper if the first thing your roommate wants to do upon reading it is to tell friends about it.

*Based on the book by Robert H. Frank and lifted from the Journal of Economic Education


Part I.
Look for five (5) articles about the current state of Philippine agricultural sector or anything related to Philippine agriculture (use APA Citation Guide) and answer in 500 words:

"The State of Philippine Agriculture"

Part II. Visit at least two (2) public market and identify the location ( one in Cebu City and one in Cebu province ), estimated size of the market, consumers income bracket, day and time of interview. Interview two (2) vendors per public market and find out whether they are selling imported or locally produced agricultural products. Make a list of these products, the countries where they are imported from,  as well as their prices. Do the same for the local products and identify the origin of locally produced agricultural products.

Interview three (3) consumers: 1 male preferably husband, 1 female preferably wife, and 1 young adolescent preferably 18 to 24 years old . Ask them what agricultural products they usually buy. Do they know if these products are locally produced or imported? Which do they prefer? Why?

How does this affect the local producers? What can you say about the state of the country's agricultural sector? What do you think will happen to our agricultural productivity once the Asean Economic Community (AEC) will start implementing zero tariff to agricultural products within the Asean region?

Write a narrative report of your trip.

5. CHECK, LIKE and FOLLOW Facebook Fan Page: Tikaw Tikaw sa Kagabhiun 
I will post some power point presentations for your additional notes.

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