Introduction to Applied Economics

 Revisiting Economics as social science

 Economics as an applied science
 Basic economic problems and the Philippine socio-economic
development in the 21st century

Application of Supply and Demand

 Price of basic commodities

 Labor supply, population growth , and wages
 Labor migration and the Overseas Filipino Worker (OFW)
phenomenon
 The Philippine housing shortage and the real estate boom
 Rent and Price Structure

Contemporary Economic Issues Facing the Filipino Entrepreneur

 Investment and interest rate

 Rentals
 Minimum wage
 Taxes

Industry and Environmental Analysis

1. Principles , Tools and Techniques

 Competition
 Customer
 Supplier
 Competitors
 Substitutes
2. Types of Industries
 Agribusiness
 Manufacturing
 Retail and Services
 International Trade ( exports and imports)
3. Indentification of Business Opportunities

Socioeconomic Impact Study

 Consumer (new products and services)
 Suppliers-investors(capital,income)
 Government(tax revenues,poverty alleviation,basic services)
 Households(standard of living,employment)
 International trade(exports and imports of good and services)