Subject: Disciplines and Ideas in the Social Sciences

The disciplines within the

Social Sciences

Prepared by: Ricia Gael S. Guyao

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 Group Activity:
List down 10 things which you
can’t live without. Present to the
class.
Economics

4
Economics
⬩ Economics is a discipline that concentrates on how a
particular society solves its problem of scarcity of
resources.
⬩ From the Greek words “oikos” meaning "house" and
“nomos” meaning "custom" or "law."
⬩ The term “oikonomia” literally translates as
"management of a household."
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Economists
⬩ Seek to understand people's activities concerning
production, distribution, and consumption of goods and
services.
⬩ They analyze key concepts pertaining to supply and
demand, savings and investments, cost and price,
economic fluctuations, value of work and natural
resources,
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Economists
money as a medium of exchange, banking and finance,
capital and wealth, and the different principles employed
by governing institutions to rationalize their means of
distribution of goods and services.

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 Economics asks what goods are
produced, how these goods are
produced, and for whom they are
produced.
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 Goals of Economics

Price-level Economic Economic

Stability Security Freedom

Economic Economic Full

Efficiency Growth Employment

Equitable
Balance of Work
Distribution of
Trade Efficiency
Income
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Branches of
Economics

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Microeconomics Macroeconomics
⬩ It is the study of economics at • It is the study of a national
an individual, group or economy as a whole.
company level.  • focuses on issues that affect the
⬩ focuses on issues that affect economy as a whole. 
individuals and companies.

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15 items Quiz:
Economics

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1. What does oikos means?

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2. What does nomos means?

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3. What is “Management of a household” in
Greek word?

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4-6: Give three goal of economics.

16
7-8: What are the branches of economics?

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9. They seek to understand people’s activities
concerning production, distribution and
consumption of goods.

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 10. Branch of economics that focuses on
issues that affect individuals and companies.

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• 11. focuses on issues that affect the economy
as a whole. 

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• 12. General level of price.

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• 13. Total Employment.

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• 14. Expenditures of a certain family.

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• 15. Number of workers employed in a single
firm.

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Answer key

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 House

1. What does oikos means?

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 Law or custom

2. What does nomos means?

27
 oikonomia

3. What is “Management of a household” in

Greek word?

28
4-6: Give three goal of economics.

Price-level Economic Economic

Stability Security Freedom

Economic Economic Full

Efficiency Growth Employment

Equitable
Balance of Work
Distribution of
Trade Efficiency
Income
29
 Macroeconomics
Microeconomics

7-8: What are the branches of economics?

30
 Economists

9. They seek to understand people’s activities

concerning production, distribution and
consumption of goods.

31
 Microeconomics

10. Branch of economics that focuses on

issues that affect individuals and companies.

32
 Macroeconomics

• 11. focuses on issues that affect the economy

as a whole. 

33
 Macroeconomics

• 12. General level of price.

34
 Macroeconomics

• 13. Total Employment.

35
 Microeconomics

• 14. Expenditures of a certain family.

36
 Microeconomics

• 15. Number of workers employed in a single

firm.

37
End … 38
 Assignment: 1 whole sheet

Search the internet for a significant

event that happened during the day of
your birth.

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