The ENTREPRENEURIAL MIND Course Outline
TITLE: Social Science and Philosophy (The Entrepreneurial Mind)
CODE: GESSP-EM
DESCRIPTION: Focal to understanding the realm of an “Entrepreneurial Mind,” this course
exposes the student comprehensively to the meaning, attributes, nature and dynamics of
entrepreneurship, highlighting the economic actor, the “Entrepreneur.” How the latter develops his
analytical mind and utilizes his critical thinking in decision-making in the various approaches to
business ownership are emphasized.
OUTCOMES: At the end of the course, the students must be able to:
1. Explain core concepts and theories relevant to developing an entrepreneurial mindset.
2. Assess economic indicators significant to sound and equitable decision-making.
3. Analyze the ten (10) Economic Principles in consonance with the application of entrepreneurial
skills and competencies.
4. Differentiate patterns, trends, and relationships that apply to business goals and problems.
5. Demonstrate skills of the enterprising businessmen and/or entrepreneur to current and present-day
conditions.
6. Create business data portfolio reflective of the learned concepts, principles and models in
entrepreneurship.
REQUIREMENTS: At the end of the course, students have satisfactorily complied the following:
· Module Exercises
· elf-Learning Assessment Report/Assessment Outcomes
· Major Exams, Quizzes, Oral Participation/Graded Recitation, Bullet Reports, Group Analysis
· Reflection Paper/Position Paper/Critique/Business Plan Highlights
REFERENCES:
Bartholomäus, Natalie, et. al. (2020) Digital Transformation in Business (theory/practice) a.M.: Peter
Lang GmbH, Internationaler Verlag der Wissenschaften. eBook.
Corbin, Rebecca A.; Thomas, Ron. (2019). Community Colleges As Incubators of Innovation:
Unleashing Entrepreneurial Opportunities for Communities and Students: Innovative Ideas for
Community Colleges Series. Edition: First edition. Sterling, Virginia: Stylus Publishing. 2019.
eBook.
Lis, Marcin; Szyszka, Michal Szyszka. (2020). Innovation and Entrepreneurship : Theory and
Practice: Logos Verlag Berlin. eBook.
Mazzarol, Tim; Reboud, Sophie. (2020). Workbook for Entrepreneurshipand Innovation : Theory,
Practice and Context: Springer Texts in Business and Economics. Edition: 4th ed. 2020. Singapore:
Springer. 2019. eBook.
Priestley, Daniel. (2018). Entrepreneur Revolution : How to Develop Your Entrepreneurial Mindset
and Start a Business That Works, West Sussex, United Kingdom: Capstone. eBook.
LEARNING ORGANIZATION CONTENT:
Introduction to the University and Course Policies and Standards
Lesson 1: University Policies relevant to Flexible/Blended Learning
Lesson 2: Course Policies relevant to Synchronous and Asynchronous Learning Platforms &
Completion
UNIT 1: The Overview and Review
Module 1: An Introduction to Entrepreneurial Mind
Lesson 1: Entrepreneurial Mind vis-à-vis Entrepreneurship
Lesson 2: Economics and Its Relevance to Entrepreneurial Mind
Module 2: Production and Costs (Introductory Supply-Side Economics)
Lesson 1: Production Principles/Theories and Related Core Concepts/Terms/Profit Maximization
Lesson 2: Market Structures (incl. Interdependent Prices) and Related Concepts/Terms
UNIT 2: The Analysis and Evaluation
Module 3: Ten (10) Economic Principles
Lesson 1: Analyze How People Make Decisions
Principle 1. People Face Trade-Offs
Principle 2. The Cost of Something Is What You Give Up to Get It
Principle 3. Rational People Think at the Margin
Principle 4. People Respond to Incentives
Lesson 2: Examine How People Interact
Principle 5. Trade Can Make Everyone Better-Off
Principle 6. Markets are Usually a Good Way to Organize Economic Activity
Principle 7. Governments Can Sometimes Improve Market Outcomes
Lesson 3: How the Economy as A Whole Works
Principle 8. Standard of Living Depends on Its Ability to Produce Goods and Services
Principle 9. Prices Rise When the Government Prints Too Much Money
Principle 10. Society Faces a Short-Run Trade-Off Between Inflation and Unemployment
Module 4: Business Ownership and Planning
Lesson 1: Assessing the Environment (External and Internal) in the Economy and Business
Lesson 2: Basic Routes to Business Ownership such: Starting a business; Buy an existing business;
Franchising; Home-based Business
Lesson 3: Other investment options for the individuals such Stocks; Bonds and Mutual Funds
Module 5: Developing the Entrepreneurial Mind
Lesson 1: Types of Entrepreneurs
Lesson 2: Characteristics of Entrepreneurs
Lesson 3: Ethics and Social Responsibilities in the Business World
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Preparation of Culminating Activity/Project for the Individual or Group Presentation
Remedial/Removals/Completion of Requirements/Submission of Requirement
COURSE GRADING SYSTEM
· 70% Class Standing (i.e. Quizzes, Tests, Oral Participation/Graded Recitation, Bullet Reports,
Group Analysis, Journal Writing, BUSINESS DATA PORTFOLIO or other additional requirements
as me be deemed necessary by the Course Professor)
· 30% Major Exam
· Final Grade: 50% MG plus 50% FG
