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Course Introduction

This document provides an introduction to an economics course covering basic economic principles and their application to contemporary issues faced by Filipino entrepreneurs. The course aims to help students understand economics and current economic conditions in the Philippines. It is divided into four units covering topics like supply and demand, wages, currency exchange, and housing issues.

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Reginne Patangan
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21 views1 page

Course Introduction

This document provides an introduction to an economics course covering basic economic principles and their application to contemporary issues faced by Filipino entrepreneurs. The course aims to help students understand economics and current economic conditions in the Philippines. It is divided into four units covering topics like supply and demand, wages, currency exchange, and housing issues.

Uploaded by

Reginne Patangan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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COURSE INTRODUCTION

This course deals with the basic principles of applied economics, and its
application to contemporary economic issues that Filipino entrepreneurs faces such as
prices of commodities, wage, rent, and taxes. It covers an analysis of industries for the
identification of potential business opportunities. The main output of the course is the
preparation of a socioeconomic impact study of a business venture.
This module is for students who have no or a little background about economics.
It aims to give students a clearer insight into economics and how it works. It also aim
that students will have a glimpse of the current economic conditions in the Philippines
with the recent data used in this module.
This module is divided into four units. Unit one gives an overview of economics
as a social science and applied science, the basic economic problems, and the
socioeconomic development of the Philippines in the 21 st century.
Unit two concentrates on the concept of applied economics. It discusses the
application of supply and demand in the price of basic commodities, labor supply,
population growth, and wages, the labor migration and the Overseas Filipino Worker
(OFW) and the Philippine peso and foreign currencies, and the Philippine housing
shortage and the real estate boom: rent and price structure. It also tackles
contemporary economic issues facing the Filipino entrepreneurs especially during the
global pandemic.
Unit three is designed

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