Republic of the Philippines

PHILIPPINE CHRISTIAN UNIVERSITY

Dasmarinas City , Cavite

COLLEGE OF ARTS, SCIENCE AND TEACHER EDUCATION

GRADUATE SCHOOL

SYLLABUS

MASTER OF ARTS IN EDUCATION

Major: Administration & Supervision

ECONOMICS OF EDUCATION

1.0 COURSE DESCRIPTION

This course deals with the basic concepts on financial budgeting, accounting
and auditing in educational institutions, it is also concern with financial resources,
analysis, legal Aspects, educational policy and administration as applied to
education.

Credit Units: 3
Time Duration: 54 hours a semester or term

2.0. OBJECTIVES

At the end of the term, the graduate students should have been able to:

2.1. Cognitive Aim:

2.1.1. To gain a broader knowledge on the legal aspects, educational

policy and administration for financing education.

2.2. Value Aims

2.2.1. To present and explain the items in the school budget;

2.2.2 To analyze the various factors affecting school financing program;
2.2.3. To appreciate the social and economic effects of a sound financing
program of a school
3.0. CONTENT OUTLINE No. of hours

3.1. Legal/Theoretical Bases of School Support 15 hrs.

3.1.1. Adam Smith’s Cannon of Taxation Marjun
3.1.2. Approaches to Taxation
3.1.3. Legal Bases of Education Sheryl & Felix
3.1.3.1. The Constitution of the Philippines
3.1.3.2. Education Act of 1982
3.1.3.3. Republic Act 5447
3.1.3.4. Republic Act 7880
3.1.3.5. Republic Act 9155
3.1.3.6 Republic Act 10533
3.1.4. Alternative Delivery Mode
3.1.5. Government Assistance to Private Education (GASTPE)

3.2. The Expenditure Process 20 hrs

3 .2.1. Parkinson’s Law
3.2.2. Somer’s Principle of Government Expenditure Abigail
3.2.3. Budget Process Donna & Norence
3.2.3.1. Budget Preparation
3.2.3.2. Budget Authorization
3.2.3.3. Budget Execution
3.2.3.4. Budget Accountability
3.2.4. Budget Administration Charo & Christine
3.2.5. Financing the Budget
3.2.6. SBM Fund Management
3.2.7. Resource Management Brylle
(Accountability for Government Funds)
3.2.8. Simplified Accounting Rules and Procedures & Forms Vicky

3.3. The Production of Education Trisha & Mareike 3 hrs

3.3.1. The Administrator’s Function
3.3.2. The Psychologist Production Function
3.3.3. The Economist Production Function

3.4. The Concept of Cost: Cost Analysis Neri & Gilbert 8 hrs.
3.4.1. The categories of educational cost
3.4.2. The organizational context of cost analysis
3.4.3. Enrolment and the cost of educational services
3.4.4. Economy of scale

3.5. Theoretical Approaches to Resource Allocation Chona & Annalie

2 hrs.
3.5.1. Assumptions
3.5.2. Marginal Analysis
 3.6. Decision Making Models Miracle 3 hrs.

3.7. Final Examination 3 hrs.

4.0. TEXTBOOK REFERENCES

Sheridan Tintman, et al. Financial Management, 2005
DECS Service Manual,2000
Operation Manual on School-Based Management and Its Support
Systems, 2006
Legal Management for Public School Administrators, Volume II
San Mateo, Rosalinda A and Marital G. Tango, Foundation of Education
QC Katha Publishing Co. Inc., 1997
Groves, Harold M. Financing Government, (6th ed.,) University of Wisconsin,
1964,pp486-488
Medina, Roberto G. Principles of Economics (1st ed.) 2003
Thomas, Allan, The Productive School, 1971
Monteiro, Horacio W. Entrepreneural Management Part 1 1992
Melicher Ronald W. & Norton Edgar A. Finance Introduction to Institutions,
Investment and Management, 9th edition 1997
Leveriza, Jose P. Supervisory Leadership, 1979

5.0. METHODOLOGY/TEACHING STRATEGIES

5.1. Lecture and Discussion
5.2. Individual Reporting
5.3. Reactions
5.4. Sharing of Experiences

6.0 REQUIREMENTS:
6.1. Oral Report
6.2. Term Paper
6.3. Thematic Reaction

7.0 EVALUATION
7.1. Class interaction/Participation 30 %
7.2. Report (Oral and Written) 20 %
7.3. Term Paper 20 %
7.4. Final Examination 15 %
7.5. Attendance 15 %
Total 100 %