Sofia Lynn Rico Rebancos BSA 1D February 10, 2022

1. Prepare a collage of pictures depicting poverty (lack and inability to meet needs) and a picture of
development (improvement in the quality of life).

From the pictures you generated, what possible voices innate from these people?
- The voices of the people scream tiredness, suffering, and help. The pictures are all relevant
during the pandemic. The healthcare sector are overworked and underpaid, people lost their
homes, teenage pregnancy became rampant. This is a result of poor management and dividing
of resources.
If you were to make a difference in their lives, what would it be?
- As a student, I can join in campaigns that target these sectors. Preferably in social media

2. Why is unemployment crucial to a country's development? On page 11-14, you will see at least
30 questions that needed to be addressed.
- Unemployment can mean two things: (1) Standards in the workplace are too high (2) There is
insufficiency in providing a decent livelihood to the public. Both are distressing. The
realization that not all families are properly capable financially signifies a country’s poor
management of resources. Now unemployment has a negative impact to a country’s
development because first of all, there is an unequal dividing of resources among its
constituents. Some may be working less and earning more, some may be working more and
earning less. This wouldn’t be a bad thing if all are provided with even just enough capability
to provide for their own needs, but that too is stripped away from them. Unemployment
hinders a nation’s development then, in a way that only a chunk of its population is fending
well for themselves. Remember, a country is represented by the way and state of the people
who lives inside of it, and unemployment represents something completely negative in the
name of development
3. Why should a student of Economic Development look into the insights provided by these
questions?
- College students like me are future tax payers, employees, business owners, and professionals
that possess a special role in the development of the country. Whether that contribution be
monetary, skills, or produce – all of it will be our responsibility eventually. Being an
accountancy student, which is a course under the business and finance department, economic
development is a vital study in our profession. The aforementioned questions are the center of
our future jobs, so it is better that early on in life, we should be able to answer these and
divulge ourselves in the bigger picture of economics.

4. What role does critical thinking play in our study of economic development?
- Critical thinking is a skill that is of utmost importance in the subject. It connotes a good sense
of logic, outside of numbers and statistics. Sure, the latter is important as well, but without
critical thinking, these numbers and statistics are blunt. One needs this skill to come down to
practical questions that needs in the study of economic development. It’s senseless to arrive
in different computations without the skill to interpret it and use it in our daily affairs. Also,
Critical thinking allows us to arrive with critical questions that mostly need to be focused on.

5. Why is the concept of happiness related to development?

- Happiness is an important function to every human being and different factors affect its
presence (or absence). In the field of economic development, happiness is co-related with
sufficient personal income. According to Amartya Sen, the happiness rate of a country is
directly related to their financial state. In some 3 rd world countries, happiness levels are on
minimum. How could that not be, if their way of living is demented and resources are
insufficient? Not all people have the capability to have proper housing, eat at least thrice a
day, and drink potable water. Anybody wouldn’t have the most pleasant of emotions in that
matter. That is why it is safe to say that if the constituents of a nation are happier, then their
way of living is sufficiently proper.

6. What makes you happy?

- As a former humanities student, it makes me happy to see that my fellow citizens are getting
the benefits and resources that they well deserve. Happiness is greatly contagious, so if I see
the minorities happy, then my heart is happy as well. In my personal life, I am contented
when the resources in my home is enough. I do not yearn for excessive financial capabilities;
it is enough for me to live simply. In this way, I know that financially, resources are divided
well and fair.