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    1.2 Economics As An Applied Science

    Uploaded by

    Ma'am Katrina Marie Miranda

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    © All Rights Reserved
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    1.2 Economics As An Applied Science

    Uploaded by

    Ma'am Katrina Marie Miranda
    5 views35 pages

    Original Title

    1.2 Economics as an Applied Science

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    5 views35 pages

    1.2 Economics As An Applied Science

    Uploaded by

    Ma'am Katrina Marie Miranda

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 35

    APPLIED

    ECONOMICS
    MRS. KATRINA MARIE M. MIRANDA,
    MBA
    Subject Teacher
    CONTENT
    INTRODUCTION TO
    APPLIED ECONOMICS
    The basic economic problems
    and the Philippine socio-
    economic development in the
    21st century.
    Quote Review
    OBJECTIVES

    At the end of the lesson, the learners


    should have:
     Defined economics as an applied science;
     Identified the basic economic problems;
     Enumerated the things to be done to solve
    the economic problems in the country.
    4 PICS 1
    WORD
    4 PICS 1 WORD

    _______
    SCEINE C
    4 PICS 1 WORD

    SCIENCE
    4 PICS 1 WORD

    ___________
    A L I T I P U PA C O N
    4 PICS 1 WORD

    APPLI CAT I O N
    4 PICS 1 WORD

    ______
    E IH TIRYO
    4 PICS 1 WORD

    T H E O RY
    4 PICS 1 WORD

    _____
    E LW I D R O
    4 PICS 1 WORD

    WORLD
    4 PICS 1 WORD

    _______
    PVTO EARY
    4 PICS 1 WORD

    POVERTY
    ANALYZE

    ANSWERS
    SCIENCE APPLIED
    APPLICATION
    THEORY
    ECONOMICS
    WORLD
    POVERTY
    APPLIED
    ECONOMICS
    As a science, is an application of
    theory/theories in the real world
    situation to fight problems such as
    poverty.
    ACTIVITY

    Direction:
    -Think of any raw materials found in your locality
    which you think can be a good source of goods for
    consumption.
    -Decide with your group and get only three among
    the many options you had thought and
    brainstormed. These raw materials that you will
    choose will be used to fill in the chart given to
    you.
    -After 20 minutes, one from your group will
    report your finished output to the front.
    ACTIVITY

    Direction:
     List your choices and describe the advantages and
    disadvantages of each choice.

    CHOICE 1 CHOICE 2 CHOICE 3


    Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages
    APPLIED ECONOMICS

    “brings economic theory


    nearer to reality”
    ECONOMICS AS AN APPLIED
    SCIENCE

    Is studying Economics
    important?
    Why? Why not?
    ECONOMICS AS AN APPLIED
    SCIENCE
     Its primary aim is to increase human welfare by
    the investigation and analysis of economic
    problems of the real world.
     It focuses on social problems, the health-care
    crisis, agricultural problems, poverty, economic
    growth and the environment.
    A B C D

    DECISION MAKING-SKILLS
    PROBLEM SOLVING ABILITIES
    JOB OPPORTUNITIES
    ECONOMICS AS AN APPLIED
    SCIENCE

    - Decision-Making Skills
    - Problem Solving Abilities
    - Job Opportunities
    ECONOMICS AS AN APPLIED
    SCIENCE
    BASIC ECONOMIC
    PROBLEMS
    There are three Basic Economic Problems to
    make the right decisions:

    1. What to Produce?
    2. How to Produce?
    3. For Whom to Produce?
    BASIC ECONOMIC
    PROBLEMS
    BASIC ECONOMIC PROBLEMS
    What to Produce? How to Produce? For Whom to
    Produce?
    Enough Supply of Desalination For all the people in
    Potable Water the community

    Bags made of Water Means of For the people who


    Hyacinth Weaving/Handicraft need bags
    In general…
    ASSIGNMENT

    Direction:
    in a 1 whole sheet of pad paper
     You’re planning to buy at a nearby sari-sari store,
    grocery or mall. You have noticed that stores have
    enough stocks of commodities to sell, you probably
    cannot afford to buy all you want, and so you have to
    make choices on how to use your limited resources
    (money, time, energy).
     Given Php500.00 as your allowance for the whole
    week. How will you allocate your budget for your
    expenses for the week?
    THANK YOU!

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