Module 1 Topics

1. Introduction to Economics
2. Choice and Decision-Making
3. Economic Resources / Factors of Production
4. Economics as a Social Science
5.  Macroeconomics and Microeconomics
6. Basic Economic Problems of Society
7. Economic Systems
8. Why is Economics is Important
9. Scientific Approach in the Empirical Testing of an Economic
Theory
10. Positive and Normative Economics

 
LEARNING COMPETENCIES:
The learners…
1. define basic terms in applied economics
2. identify the basic economic problems of the country
3. explain how applied economics can be used to solve economic problems

CONTENT STANDARDS PERFORMANCE STANDARDS

The learner demonstrates an The learners shall be able to…

understanding of…
economics as an applied science and its analyze and propose solution/s to the
utility in addressing the economic economic problems using the principles of
problems of the country. applied economics.