POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

Santa Rosa Campus

Name: Kristel B. Laca Date: October 25, 2021

Course & Section: BSIE 2-2 Instructor: Prof. Josefina Colcol

Subject Code: ECON20063

HOUSEHOLD CONSUMPTION ACTIVITY

Everyday allowance Monthly expense

Foods
 Rice
 Fish 200 pesos 6,000 pesos
 Vegetables
 Pork/chicken (once a
week)

Gas - 700 pesos

Water bill - 500 pesos

Electricity - 3,500 pesos

Internet - 800 pesos

Other expenses 200 pesos 6,000 pesos

Total Monthly expense 17,500 pesos

Monthly Income 22,000 pesos

 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Santa Rosa Campus

Name: Kristel B. Laca Date: October 25, 2021

Course & Section: BSIE 2-2 Instructor: Prof. Josefina Colcol

Subject Code: ECON20063

DIFFERENT NATURAL RESOURCES

NATURAL RESOURCES PRODUCTS

Trees Papers, Furniture

Sun Solar panels

Oil / crude oils Plastics, Diesel, Bio-fuels, Jet Fuel

Natural gas Fertilizers, fuel

Animals Clothes, poultry products, dairy products,

bags, shoes

Plants Soaps, shampoos, perfumes, cosmetics,

rubber, paints, firewood, cooking oils

Minerals Gadgets, wires, utensils, steel

Soil Flower pot, bricks

 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Santa Rosa Campus

Name: Kristel B. Laca Date: October 25, 2021

Course & Section: BSIE 2-2 Instructor: Prof. Josefina Colcol

Subject Code: ECON20063

LEARNING ACTIVITY:

1. What is a resource based economy?

A Resource-Based Economy is a system in which all goods and services are available
without the use of money, credits, barter or any other system of debt or servitude. All resources
become the common heritage of all of the inhabitants, not just a select few. The premise upon
which this system is based is that the Earth is abundant with plentiful resources; our practice of
rationing resources through monetary methods is irrelevant and counter productive to our
survival. In addition, resource-based economy is a society without money, barter or trade, with
the awareness that Humanity is One family and where technology, science and spirituality is
used to it’s fullest to develop and manage the planet’s resources to provide abundance for
everyone in the most sustainable way

2. Watch Jacque Fresco’s “THE VENUS PROJECT” and write a reaction paper in 15 minutes.
Upload I n Lesson 1 Folder in your google drive.

The Venus Project was describing a future world as a world without money and without
government. Thus, robots and advanced artificial intelligence that will be the future where
everyone will get everything they need. Jacque Fresco all want is to develop mankind where
robots will do the works of man. In addition he wants to build this world as “smart cities”where
completely automated. In this project he imagine the organization of life on this planet might
not be a revolutionary one but an evolutionary one. The probable cause of change would be a
global crisis as a robotization would take away jobs, from a large number of employees down
to few. Yes this project is cool and made this for what our future needs, for what everyone
longing to have in the future. But for me I do not agree on this so called “project” because what
if we colonize by some unnatural resource? God created this earth completely brilliant. As what
God said in the bible in book of John 8:12 it mentioned “when Jesus spoke again to people, He
said; I am the light of the world” God are the one you said this so what will be the purpose of
changing this world and make as a “smart cities”?

Therefore, I still believe that this world have hope and did not need a changes, because
we can fix those problems that our world facing, we have God so there is no need to create or
change it to a new place. We need to face the fact that this world will stay from what it was in
the past.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Santa Rosa Campus

Name: Kristel B. Laca Date: October 25, 2021

Course & Section: BSIE 2-2 Instructor: Prof. Josefina Colcol

Subject Code: ECON20063

LEARNING ACTIVITY:

Economic Systems CHARACTERISTCS

Traditional Economic  Traditional economies are often based on one or a few of

Systems agriculture, hunting, fishing, and gathering

 Traditional economies are often based on one or a few of

agriculture, hunting, fishing, and gathering

 There is rarely a surplus produced. In other words, most of the

goods and services are fully used.
 Often, people in a traditional economy live in families or tribes.
 Societies may follow herds of animals in order to hunt and sustain
those in the traditional economy.
 Many people progress from hunters to farmers where they can
place permanent structures and start a society.

Market Economy or  private property

Free Enterprise or
 Freedom of choice
Capitalism
 Motivation of self interest
 Competition
 Limited government
 Private ownership

Command System or  A central economic plan.

the Centrally Planned
 Government ownership of the means of production
Economy or
Socialism/Communism  Controls all economic activities.
 The government owns monopoly businesses
 The government creates laws, regulations and directives to
enforce the central plan.

Mixed System or  Co-existence of the private and public sectors.

Mixed Economy
 Existence of joint sector
 Regulation of private sector
 Planned economy
 Private property
 Reduction of inequalities of income and wealth.