Del Rosario, Albert John M.

BSED-SOC 2I

IV. Assignment
1. Write an essay about the following. 20 points
A. Your personal experience regarding scarcity. What caused this problem and how
did you address it?
When my parents' overseas employer unexpectedly left them stranded, and my
mother's illness demanded urgent attention, we faced a tough financial situation. The
struggle to make ends meet led to a pivotal moment of learning about the value of money
and responsible financial management.
My parents' employer abruptly left, putting us in a tight spot financially. My mom's
health needed immediate care, and with limited resources, I had to drop out of school to
find work and help cover our basic needs.
Thankfully, my aunt stepped in as a lifeline during this tough time. Her support not
only allowed me to continue my education but also helped my parents return to the
Philippines. She provided flight tickets and financial assistance that eased our immediate
struggles.
This challenging period became a wake-up call for me about the real value of money.
The struggle to make ends meet emphasized the importance of every penny earned. It
urged me to rethink my spending and prioritize responsible financial choices. It took two
tough months to recover from the financial setbacks. The journey to stability required
resilience, sacrifices, and a newfound understanding of the fragility of financial security.
The experience left a lasting impact, shaping my mindset and approach to money matters.
The experience highlighted the importance of resilience in tough times and the crucial
support that family provides. It changed my view on possessions, emphasizing the
importance of needs over wants. The lessons from this period continue to guide my
financial decisions, fostering a sense of responsibility and gratitude.
Going through financial hardships taught me invaluable lessons about resilience,
responsible financial management, and the supportive role of family. The experience
remains a source of guidance, shaping my approach towards money and reinforcing the
importance of gratitude for the lessons learned during tough times.
B. What was the most significant opportunity cost you have incurred in your life?
What have you learned from the situation?
In 2020, I enrolled in BSIT program with high hopes of enjoying my studies.
However, the teaching style and a toxic environment in our block made it difficult to keep
up with coursework especially during a full online class. I expected fulfillment in the
BSIT program but found the teaching method exhausting, and our block had a toxic
atmosphere, making my academic journey challenging. Reflecting on my choices, I saw
the opportunity cost of investing time and effort in a course that didn't suit me. This cost
wasn't just a delay in progress but also missing out on potential experiences that could
have enriched my life.
Despite challenges and costs, the experience pushed me to reconsider my choices. I
decided to prioritize my true passions and made the bold move to change my academic
path. This led me to discover a course that resonates with me, bringing joy to my
academic journey. The significant opportunity cost became a catalyst for personal growth.
It taught me to carefully consider major decisions, ensuring they align with my
Del Rosario, Albert John M.
BSED-SOC 2I

aspirations. The experience also instilled in me the courage to pivot when needed,
emphasizing that genuine happiness should never be compromised.
My academic journey, marked by challenges and a significant opportunity cost,
became a valuable lesson in making thoughtful choices and prioritizing happiness. It
encouraged self-reflection, resilience, and the understanding that embracing one's true
passions leads to a more fulfilling and enriching path in academics and life.
2. Worksheet #1
List 10 of your belongings in Column A. Classify them as to NEED or WANT by putting
a check mark in the appropriate column (B or C). Make an explanation for your
classification in Column D. 20 points
A B C D
Belongings Need Want Explanations
1. Computer / I need my computer to attend online classes and do
activities like. The other reason that I need it is because
I don’t have phone.
2. Electric Fan / I need it to keep me fresh.
3. Clothes / I need clothes to do my everyday life and to look decent
and formal.
4. Bag / I need it so I can put my other belongings in it.
5. Shoes / I need it to also look decent and formal, especially in
school.
6. Slippers / I need it so I can protect my feet when I’m walking
outside.
7. Aquarium / I want it because watching my fish swim calms me
whenever I’m overthinking and feel uncomfortable.
8. Toothbrush / I need it so I can always take care of my tooth and keep
my breath fresh.
9. Vape / I want it sometimes to also calm me whenever I’m
feeling uncomfortable or anxious.
10. Guitar / I want it because it keeps me occupy at my free time,
although I’m not good at it but I enjoy playing it.
Del Rosario, Albert John M.
BSED-SOC 2I

Project: BCDA - Clark International Airport Corporation

Agency/Department: Government-Owned and Controlled Corporation (GOCC)

Objective: By 2028, CIAC shall be at the forefront of developing and managing an aerotropolis where
world-class industries thrive in a sustainable environment, with the Clark International Airport as the
premier gateway, and the Clark Civil Aviation Complex as the key economic engine of the country.

 Project Description
- The 30-hectare Clark Entertainment and Events Hub encompasses several vital
components:

Related Economic Goal:

 National and Regional Development: Focuses on the broader picture, aiming to accelerate
the conversion of former military bases into thriving economic zones like Clark Special
Economic Zone (CSEZ). This involves attracting investments, creating jobs, and boosting
economic activity in Central Luzon and beyond.
 Smart and Sustainable City Development: Aims to develop New Clark City as a model for
smart and sustainable urban development, attracting businesses and residents while
promoting eco-friendly practices.
 Supporting National Programs: Aligns its goals with the Philippine Development Plan and
the current administration's agenda, contributing to national economic and social progress.
 Developing a Competitive Aviation Complex: Primarily concerned with managing and
operating the Clark International Airport and the surrounding Clark Civil Aviation Complex
(CCAC). This involves expanding passenger and cargo traffic, attracting airlines and logistics
companies, and making the airport a premier gateway for the Philippines.
 Aerotropolis Development: Aims to transform the CCAC into a robust aerotropolis,
combining a world-class airport with business, commercial, and industrial hubs. This creates
revenue for the government and fosters economic activity around the airport.
 Creating Value for Stakeholders: Ultimately seeks to generate profit while providing value
to various stakeholders, including the national government, airlines, passengers, investors,
and local communities.

Qualified Beneficiaries:

 Airlines and Logistics Companies: Businesses operating at the Clark International Airport
and the Clark Civil Aviation Complex (CCAC) benefit directly from infrastructure
improvements, operational efficiency, and increased traffic.
 Passengers and Cargo Shippers: Travelers and businesses using the airport and logistics
facilities enjoy improved services, potentially shorter travel times, and potentially more
affordable options.
 Employees of CIAC and Partner Companies: Individuals directly employed by CIAC or
companies operating within the CCAC benefit from job creation and potentially improved
working conditions.
 Investors: Those investing in projects within the CCAC or the broader Clark Special Economic
Zone (CSEZ) can potentially enjoy investment returns and contribute to economic
development.
Del Rosario, Albert John M.
BSED-SOC 2I

 Students and Researchers: If the project involves educational or research initiatives, these
groups can benefit from knowledge sharing and skill development opportunities.
 Entrepreneurs: Support programs for starting businesses within the CCAC can empower
individuals and contribute to local economic growth.

Conclusion:

Based on my research about the Government project BCDA: Clark International Airport
Corporation, besides the objectives and goals that I listed above, is to promote tourism and
transportation that will definitely boost the economy of Philippines. Also, based on bcda.gov.ph,
Since May 1993 until the present administration under Philippine President Rodrigo Duterte, BCDA
has contributed a total of Php 49.19 billion to the modernization program of the Armed Forces of the
Philippines (AFP), BCDA’s major stakeholder. For the past 29 years, BCDA has already disposed of a
total of Php 112.28 billion worth of assets and has remitted Php 71.18 billion to the National
Treasury. The qualified beneficiaries that I listed is direct and indirect beneficiaries. Airlines and
Logistics Companies, Passengers and Cargo Shippers, Employees of CIAC and Partner Companies are
direct beneficiaries because of how BCDA/CIAC contributes to its companies and transportation that
need. In the indirect side, I listed the employees of CIAC and partner companies, investors, students
and researchers, and entrepreneurs, BCDA/CIAC has a crucial role because it provides jobs and a lot
of opportunities to the people of our country. Overall, BCDA/CIAC contributed in our economy in
many possible ways, that’s why it has crucial role in our economy.

REFERENCES:

- Halcyon Web Design. (n.d.). BCDA: New Clark City is key driver of growth in Central

Luzon | Bases Conversion and Development Authority.

https://www.bcda.gov.ph/news/bcda-new-clark-city-key-driver-growth-central-luzon

- Agency’s Mandate & Functions | Clark International Airport Corporation. (n.d.).

https://ciac.gov.ph/agencys-mandate-functions/

- Clark Entertainment and Events Hub | PPP Center. (n.d.).

https://ppp.gov.ph/ppp_projects/clark-entertainment-and-events-hub/
Del Rosario, Albert John M.
BSED-SOC 2I

The Entrepreneur in Me

Students are introduced to the business sector and surely will be a significant contributor to
society in the future. As a student, starting a business is both exciting and challenging. I've
discovered five important qualities that I believe will help me succeed in the business world. Let me
share these qualities that I'm eager to develop on my entrepreneurial journey.

Being an entrepreneur is great because it let me be more creative. Coming up with fresh
concepts and thinking beyond the box is like having an extraordinary ability whether inventing a new
product or solving a problem in a unique way. Being creative will help me stand out.

The business world is like a rollercoaster ride with lots of up and down. That's why being
adaptable is also crucial. I want to be able to handle changes, learn from mistakes or failures, and
keep going even when things get tough.

Taking the lead is like planting seeds for success. Whether it’s starting a small project on
campus or stepping up for leadership roles, I'm ready to be a go-getter. Taking action, chasing my
goals, and making things happen – that's the attitude I believe will move me forward.

In a business, understanding finance is important for any entrepreneur. I am committed to

learn how to budget, make smart financial decisions, and manage resources wisely. Mastering in
handling financial matters and it will help me build a strong foundation for my business ventures.

In conclusion, these five qualities – creativity, adaptability, initiative, financial smarts, and a
go-getter attitude – are like tools in my entrepreneurial toolbox. They will help me face challenges,
communicate well, and create a path and contribute to success that's true to my journey. I can’t wait
to test and see how these qualities will shape my entrepreneurial endeavors and contribute to my
growth in the dynamic world of business.