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ManEco LESSON 1

The document introduces the students to managerial economics. It includes an icebreaker for students to introduce themselves, their expectations for the class, and how the instructor and students can work together to achieve those expectations. The presentation then outlines the intended learning outcomes of understanding economics as a science and demonstrating knowledge of the complete economic cycle. An overview of lesson topics is provided, including economics as a science, allocation, scarcity vs shortage, economic thinking, rational behavior, and methodologies of economics.

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Guira Jhames P.
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35 views21 pages

ManEco LESSON 1

The document introduces the students to managerial economics. It includes an icebreaker for students to introduce themselves, their expectations for the class, and how the instructor and students can work together to achieve those expectations. The presentation then outlines the intended learning outcomes of understanding economics as a science and demonstrating knowledge of the complete economic cycle. An overview of lesson topics is provided, including economics as a science, allocation, scarcity vs shortage, economic thinking, rational behavior, and methodologies of economics.

Uploaded by

Guira Jhames P.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MANAGERIAL

Economics
BSA 1
Let’s get to know each other
● Each student will stand and introduce
themselves including their nicknames
● In their introduction, the student will include
whether they are:
a. Speaker
b. Writer
c. Artist
d. Listener
e. Reader
EXPECTATION
SETTING
1. What do you expect
to learn in this
subject?
2. What learning
process do you
expect?
3. What can you and I
do to achieve those
expectations?
C–
O-
B–
R–
A-
CREDITS: This presentation template was
created by Slidesgo, and includes icons by
Flaticon, and infographics & images by Freepik
Intended Learning Outcome
To understand the
economic as science Skills:
Critical thinking skills
To understand the role of
economic in decision making
Effectiveness and
of the individual
Efficiency
To demonstrate
understanding on the Accountability
complete cycle of economy
OVERVIEW OF THE LESSON

I. ECONOMICS AS SCIENCE
II. ALLOCATION
III. SCARCITY VS. SHORTAGE
IV. ECONOMIC WAY OF
THINKING
V. RATIONAL BEHAVIOR
VI. METHODOLOGIES OF
ECONOMICS
ECONOMICS MEANING

Production and 01 02 Management of


consumption scarce resources

Productivity in the
presence of scarcity 03 04 Effective allocation

Maximum satisfaction of
05 wants and needs
Economics as Science
Economics is a social science
with stakes in many other fields,
including political science,
geography, mathematics,
sociology, psychology,
engineering, law, medicine and
business
https://arts-sciences.buffalo.edu/economics/about/what-is-
economics.html#:~:text=Economics%20is%20a%20social%20science,meet%20private%20and%20social%20goals.
ALLOCATION
Economics is concerned with the
efficient and effective allocation of
resources.
 Efficient – attaining maximum
output with the least possible
input.
 Effective – it can be attained by
getting the desired outcome
Exercise 1: Effective or Efficient
1. 95% of the Samuleians have passed their major subjects.
2. 15 out of the 95% Samuelians who passed their major
subjects are Dean’s Listers.
3. The officers of JPIA are successfully accomplishing the tasks
in their academics and their student organization.
4. The LGU of General Trias Cavite maintains the price of the
commodity goods when sustain the fund of agricultural
sector.
5. Philippine has been making a partial payment on its debt
through the taxes collected.
SCARCITY
vs.
SHORTAGE
EXERCISE 2:
Scarcity vs. Shortage

1. Gold
2. Onion
3. Land
4. Fish
5. Money
The Economic Way of Thinking

1. Decision-making
during scarcity
2. Rational behavior
3. Marginal analysis
Marginal Analysis
IMPORTANCE OF ECONOMICS
BRANCHES OF ECONOMICS
1. Microeconomics – focuses on how
decisions are made by individuals and firms
and the consequences of those decision.
2. Macroeconomics – examines aggregate
behavior of the economy which includes the
action taken by all the individuals and firms
to produce particular level of economic
performance as a whole.
Exercise 3: Macro or Micro

1. Company ABC assessed the standard of living of the


Philippines before putting their business in the
country.
2. Honda conducted a research on the last three year of
Cavite before adding one more branch.
3. Checking the skills of the local citizens
4. Conducting a survey on the civilization of the local
citizens
5. Analyzing the business legal procedure in the country
METHODOLOGIES

1. Positive Economics –
looks on how the economy
works.
2. Normative Economics –
focuses on what should
be.
Exercise 3: Normative or Positive
1. Hoarding the stocks is resulting inflation to the market.
2. The government should increase the financial support
to the Filipino families to alleviate poverty.
3. Provision of 100% literacy rate will be the solution for
poverty
4. High population is one of the reasons why Philippines
are poor
5. High poverty will increase the percentage of crime
CREDITS: This presentation template was
created by Slidesgo, and includes icons by
Flaticon, and infographics & images by Freepik

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