APPLIED ECONOMICS

COURSE OUTLINE:
• Lesson 1.1 Introduction to Economics
Choice and Decision-Making
Economic Resources
Economics as a Social Science
MAcroeconomics and MIcroeconomics
Basic Economic Problems of Society
Economic Systems
Why Economics Is Important
Scienctific Approach in the Empirical Testing of an Economic
Theory
Positive Economics versus Normative Economics
Measuring the Economy
-Counting All Through GNP
-GNP/GDP: Expenditure Approach
-GNP/GDP: Income Approach
• Lesson 1.2 ECONOMICS AS AN APPLIED
SCIENCE

• Applied Economics in Relation to

Philippine Economic Problems
• The Philippines' Basic Economic
Problems
• ASEAN Icon