Colegio de San Gabriel Arcangel

PACUCOA Accredited – Level 1 Status

COLLEGE DEPARTMENT
City of San Jose del Monte,Bulacan

LEARNING ACTIVITY
1
Name : ______________________________ Grade / Score : _______________
Year level : ___________________ Course : _______________
Subject : Microeco/Basic Eco Date : ______________
Type of Activity (Check or choose from below)
Concept Notes Laboratory Report Formal Theme Others:
Skills: Exercise / Drill Illustration Informal Theme
____________

Activity Title : What is Economics? Goals of economics, Economics as related to other

Social Sciences, Branches of Economics
Learning Target : I can how economics works in my daily life as a Filipino citizen and how
its relation with other branches of Science
References : Economics Concepts and Principles (with Agrarian Reform & Taxation)
(Author, Title, Pages) : Gabay, Bon Kristoffer; Remotin, Jr., Roberto; Uy, Edgar Allan; Pizarro-Uy, Anna
Corinna

Discussion:

Economics – it is the study of the proper allocation and efficient use of scarce resources
to produce commodities for the maximum satisfaction of unlimited human needs and wants.

Goals of economics:

1. To strengthen economic freedom

2. To promote economic efficiency
3. To promote economic stability
4. To promote economic security
5. To attain a high level of growth in the economy

Economics as related to other Social Sciences

 Anthropology – it is a branch of science that studies the biological, psychological, social
and cultural aspects of human life.
  Political science – it is the systematic study of the state and government.
 Sociology – it is the study of society or study of groups or partners.
 Psychology – it is defined as the scientific study of the behavior and living organisms
with special attention to human behavior.
 History – it is a social science that focuses on the study of past events.

Activity: Essay, Explain on your own understanding:

1. Cite an example on how you can use economics in real-life situation just like in our
present pandemic situation?
2. Differentiate microeconomics from macroeconomics by citing an example
3. As a concern Filipino citizen, what do you think is your greater contribution on this
trying times of our country? In helping our government and nation in fighting Covid19?
 Colegio de San Gabriel Arcangel
PACUCOA Accredited – Level 1 Status
COLLEGE DEPARTMENT
City of San Jose del Monte,Bulacan

LEARNING ACTIVITY
2
Name : ______________________________ Grade / Score : _______________
Year Level : ___________________ Course : _______________
Subject : Micro Economics/Basic Eco Date : _________________
Type of Activity (Check or choose from below)
Concept Notes Laboratory Report Formal Theme Others:
Skills: Exercise / Drill Illustration Informal Theme ____________

Activity Title : Economic System

Learning Target : I’m able to understand the different economic system and identify from
what economic system our country belong
References : Economics Concepts and Principles (with Agrarian Reform & Taxation)
(Author, Title, Pages) : Gabay, Bon Kristoffer; Remotin, Jr., Roberto; Uy, Edgar Allan; Pizarro-Uy, Anna
Corinna

Discussion:
Three basic economic problems:
1. What goods and services should be produced and in what quantities?
2. How these goods and services should be produced?
3. For whom should these goods and services be produced?

Factors of production:
Land, labor, capital and entrepreneurship

Law of scarcity – states that goods are scarce because there are not enough resources to
produce all the goods that the people want to consume.
 Opportunity cost – refers to the cost of using them in their best alternatives.

Trade-off – is a situation in which more of one good thing can be obtained only by giving up of
another thing.

Activity: Essay in your own understanding

1. What are the three basic economic problems? Briefly explain each.
2. What is meant by scarcity, opportunity cost and trade-off? Explain why these concepts
are vital in economics?
3. Explain briefly why money is not considered as a factor of production?

by Unknown Author is licensed under

 COMPILATION OF
LEARNING ACTIVITY
SHEET in basic
economics/micro economics

PREPARED BY:
by Unknown Author is licensed under

Prof. Edelita g. Lazaro

by Unknown Author is licensed under