NAME: YR/SEC:

OBJECTIVE: at the end of this module the student well be able to

 define economics
 identifies the deference between needs and wants
 know the importance of decision making
 value the limited resources

To Do List:

 Read the following references given

 Participate into the online discussion
 Do all the activities and assignment before the given time ends.

Lectures:

 Defining Economics
 Basic Economic Concept
 The Basic Economic Questions and Economic Systems

PERFORMANCE Task/ACTIVITIES:

 My News Update
 Story of My life
 Let’s Talk in the Table

Supplemental Content:

 You can watch videos from YouTube and search in Google topics and videos that relates to the topic
discussion.
 If you have any questions especially on the topic that you don’t understand do not hesitate to ask your
teacher.

1.

MY NEWS UPDATE
# Look for a news article discussing an issue related to scarcity. Discuss the factors that brought about
scarcity based on the article.

Water scarcity is a problem that we are currently dealing with. Secretary Robert Borje called attention to
water scarcity as "one of the future global climate risks" and urged regional and international action to
"formulate and implement water development strategies and trajectories in the era of climate change, up
to the last mile and up to the last person." In some areas of the Philippines, water supplies are regularly in
short supply, and as a result, deliveries are frequently stopped to maintain capacity. Six to eight months of
the year are mostly dry; during these times, there are severe water shortages and people must rely on
potentially unsafe drinking water sources. In particular, persons who don't have sufficient access to clean
water in locations that are more developed than where they are may suffer from many ailments that
would negatively effect their health without clean water for proper hygiene.

2.
STORY OF MY LIFE
*Make a journal detailing how you use your knowledge of economics to address simple
problems in your life. Detail your experiences over a period of one week.

Let’s Talk in the Table

# identify a significant problem being experienced by your family, community, or school.
Use your knowledge of economics to explain how this problem came about, what can be
done to address it. Used the table below as guide.
Problem/Issue Problem/issue: one of the problem that our
community is facing is the skyrocketing
prices of supplies that we use daily.

Related economic Concepts

What give rise to this problem?
one of the reasons why prices is high
because of lack of supplies and a lot of
demand from consumers, and the market
doesn't have enough supply to sell this
needs to accommodate everyone

What are the possible solution to this

problem?

END OF MODULE 1
Congratulations!
NOW YOU ARE READY TO TAKE MODULE 2

4.