DARAGA NATIONAL HIGH SCHOOL

Senior High School Department Daraga, Albay

2nd Semester, 2021-2022
MODULE 1 – QUARTER 3 (ECONOMICS AS AN APPLIED SCIENCE)
NAME : BAREDO PRINCESS JANE MONDILO 11 ABM 2-HOPE DATE: 03\13\2022

IV. PRE-TEST
I. MULTIPLE CHOICE II. MATCHING TYPE
1.B 2.D 3.A 4.D 5.A 1.B 2.D 3.C 4.E 5.A

Learning Activity 1. Let Us Examine!

JUMBLED LETTERS ANSWER PRIOR KNOWLEDGE
1. NWTSA WANTS A want is something
unnecessary but desired or
items which increase the
quality of living.
2. CRASYCIT SCARCITY Scarcity is one of the key
concepts of economics. It
means that the demand for a
good or service is greater than
the availability of the good or
service.
3. DSENE NEEDS A need is something thought
to be a necessity or essential
items required for life.
Examples include food, water,
and shelter
4. REDAT FOF TRADE OFF A trade-off is a situational
decision that involves
diminishing or losing one
quality, quantity, or property
of a set or design in return for
gains in other aspects.
5. CEOMICONS ECONOMICS Economics is the study of
scarcity and its implications
for the use of resources, and a
great variety of other complex
issues of vital concern to
society.
 Learning Activity 2. Concept Map

Study of scarsity
households supply

production of service Production of growth

Supply
ECONOMICS Consumer

INVESTMENTS Production of goods

Entrepreneur PROFIT Demand

Process Questions: Please refer your answer to the concept web and write the answer on your
answer sheet.
1.What did you observe from your given example?
- I observe that those words are pertitent to economic development where those words helps us to
survive to our daily living, it makes the world go round.

2.Why do we need to study economics?

- We need to study economics because it helps us to think strategically and make decisions to
optimise the outcome. Especially in demand are people who have studied Economics and Finance
as they are particularly well-prepared for jobs in banking and the financial sector, such as in
accountancy firms.
 LEARNING ACTIVITY 3
Guided Questions: Please refer your answer base on learning activity 1 and 2. Write the answers on
your answer sheet

1.Which part of the activities was difficult to answer? Why?

- For me the difficult part of the activities is to arrange the jumbled word, because aside of
positioning the unfamiliar letter you will give some insight about the jumbled word.

2.Which part of the activities was easier to answer? Why?

- For me the easier part of the activities is the concept Map. Because I easily identify the all words
that are perpitent to economics, where those words are characterizing economic development.

3.As a Senior High School students, what would be your part as a contribution to our economy?
- As a Senior Students I will study hard so I can be able to apply my knowledge and skills learned
from my Senior High School to the field of work in the future and become a productive individual to
the country as part of the labor force and because of that I will inspire others to do the same and to
eradicate if not, to minimize the unemployment rate in our country.

VI. PRACTICE TASKS

Practice Task #1 Reflecting on needs versus wants

NEEDS WANTS
CLOTHES SHOES
RICE VIDEO GAMES
DRINKS LAPTOP
SCHOOL SUPLIES WIFI
DISH DESIGNER CLOTHING
MILK BRAND NEW PHONE
VEGTEALES STARBUCKS COFFE
 Practice Task #2 Let’s Practice your knowledge
After you have read the topic about the economics as an applied science, answer the following
questions below. Write the answers on your answer sheet.

1.Define economics as social science thru a self-made slogan

2.Describe the meaning of economics as social science thru a drawing.

3.How will you define scarcity base on your understanding in the lesson?
- in my own point of view Scarcity means that the demand for a good or service is greater than the
availability of the good or service. Therefore, scarcity can limit the choices available to the
consumers who ultimately make up the economy. Scarcity means there are fewer resources than
are needed to fill human wants and needs. These resources can come from the land, labor
resources or capital resources.
4.Do you experience scarcity in your life? (Cite your experience)
- Scarcity of resources can affect us because we can’t always have what we want. For example, a
lack of money and funds can lead me to not being able to buy the dream computer I want for my
school works.
5.What action did you make?
- In order to adjust, i have to either earn more money or adjust our dream computer to afford
something more realistic.