ECONOMICS IN SOCIAL

SCIENCE
 ECONOMICS
ECONOMICS IS A DISCIPLINE WITHIN THE
SOCIAL SCIENCES THAT EXAMINES HOW
INDIVIDUALS, BUSINESSES, AND
GOVERNMENTS MAKE CHOICES
REGARDING THE ALLOCATION OF LIMITED
RESOURCES. IT ANALYZES THE
PRODUCTION, DISTRIBUTION, AND
CONSUMPTION OF GOODS AND SERVICES.
 IN THE FIELD OF ECONOMICS, THERE ARE VARIOUS THEORIES,
MODELS, AND IDEAS THAT HELP EXPLAIN AND UNDERSTAND
ECONOMIC PHENOMENA. THESE IDEAS COME FROM DIFFERENT
PERSPECTIVES AND SCHOOLS OF THOUGHT, SUCH AS
CLASSICAL ECONOMICS, KEYNESIAN ECONOMICS, BEHAVIORAL
ECONOMICS, AND MORE. THESE IDEAS HELP ECONOMISTS
ANALYZE AND PREDICT HOW ECONOMIC SYSTEMS FUNCTION
AND HOW THEY CAN BE INFLUENCED OR IMPROVED.

IN THE BROADER REALM OF SOCIAL SCIENCE, IDEAS REFER TO

CONCEPTS AND THEORIES THAT SEEK TO EXPLAIN VARIOUS
ASPECTS OF HUMAN BEHAVIOR AND SOCIAL INTERACTIONS.
SOCIAL SCIENCE ENCOMPASSES DISCIPLINES LIKE SOCIOLOGY,
PSYCHOLOGY, ANTHROPOLOGY, POLITICAL SCIENCE, AND MORE.
IT FOCUSES ON UNDERSTANDING SOCIETY, CULTURE,
INSTITUTIONS, AND INDIVIDUAL BEHAVIOR THROUGH EMPIRICAL
RESEARCH AND ANALYSIS.
BRANCHES OF ECONOMICS INCLUDES:

•MICROECONOMICS
•MACROECONOMICS
•INTERNATIONAL ECONOMICS
•DEVELOPMENT ECONOMICS
•LABOR ECONOMICS
•PUBLIC ECONOMICS
•ENVIRONMENTAL ECONOMICS
 KEY BRANCHES OF ECONOMICS INCLUDE:

MICROECONOMICS: FOCUSES ON THE BEHAVIOR OF INDIVIDUALS

AND FIRMS IN MAKING DECISIONS REGARDING THE ALLOCATION OF
SCARCE RESOURCES AND THE INTERACTIONS BETWEEN BUYERS
AND SELLERS IN MARKETS.

MACROECONOMICS: EXAMINES THE AGGREGATE BEHAVIOR OF AN

ECONOMY, INCLUDING TOPICS SUCH AS INFLATION,
UNEMPLOYMENT, ECONOMIC GROWTH, AND MONETARY AND
FISCAL POLICIES.

INTERNATIONAL ECONOMICS: CONCERNED WITH TRADE BETWEEN

NATIONS, EXCHANGE RATES, BALANCE OF PAYMENTS, AND
INTERNATIONAL FINANCIAL FLOWS.
DEVELOPMENT ECONOMICS: STUDIES THE ECONOMIC CONDITIONS OF
DEVELOPING COUNTRIES, INCLUDING ISSUES RELATED TO POVERTY,
INEQUALITY, AND ECONOMIC GROWTH.

LABOR ECONOMICS: INVESTIGATES THE SUPPLY AND DEMAND FOR

LABOR, WAGES, AND EMPLOYMENT TRENDS.

PUBLIC ECONOMICS: DEALS WITH GOVERNMENT EXPENDITURES,

TAXATION, AND PUBLIC POLICIES AIMED AT INFLUENCING ECONOMIC
OUTCOMES.

ENVIRONMENTAL ECONOMICS: FOCUSES ON THE INTERACTION

BETWEEN ECONOMIC ACTIVITY AND THE ENVIRONMENT, INCLUDING
TOPICS SUCH AS POLLUTION CONTROL, NATURAL RESOURCE
MANAGEMENT, AND SUSTAINABLE DEVELOPMENT.
 MEMBERS:
ALFARO, ALYZA NICOLE
ACUESTA, KATE AN
CASARIA, LXZ GRIETH'Z
DAGON, MARIEGOLD
DECENA, ANGLE LYHCA
GAMUYAO, MY CAR ELLA
THANK YOU!