Applied Economics

Chapter # 1- LC # 2
Presented by:
Krisha D. Camus, MBA

ZNHS
 REVIEW: True or False?
1. Unemployment is the state of not having
enough money to take care of basic needs
such as food, clothing, and housing.
2. Poor Infrastructure refers to poor basic
physical systems of a business or nation;
transportation, communication, sewage,
water and electric systems

Applied Economics
June 4, 2018
 Group Activity:
Let’s Play!

“Maria went to
town”
(10 minutes)
MTOT - ABM Class A
Applied Economics
 Group Activity:
Let’s play!

Draw a basket in
your Manila
Paper !
MTOT - ABM Class A
Applied Economics
If I will give you Php200,
what school supplies will
you buy?
 QUESTION No. 1

What supplies do
you have in your
basket?

MTOT - ABM Class A

Applied Economics
 QUESTION No. 2

Why is it the other

group have the same
kind of supplies
while others are not?
MTOT - ABM Class A
Applied Economics
 What is our Problem?

Having needs and

unlimited wants, but
limited resources – that
underlies the definition
of economics.

MTOT - ABM Class A

Applied Economics
 What is our Problem?

Resource
Misallocation?

MTOT - ABM Class A

Applied Economics
 Topic for the day!

Basic
Economic
Questions!
MTOT - ABM Class A
Applied Economics
 Question # 1

What to
produce and
how much?
MTOT - ABM Class A
Applied Economics
 What to Produce?

Consumer
goods?

MTOT - ABM Class A

Applied Economics
 What to Produce?

Capital
goods?

MTOT - ABM Class A

Applied Economics
 What to Produce?
Consumer goods are goods
that are available for direct
consumption.

MTOT - ABM Class A

Applied Economics
 What to Produce?
Capital Goods are goods that are
used to produce other goods and
cannot be directly consumed.

MTOT - ABM Class A

Applied Economics
 Question # 1

What to
produce and
how much?
MTOT - ABM Class A
Applied Economics
 ESSAY!
Ask the learner to think of the
products in region III and answer
the first basic economic question.
1. What to produce (Consumer
goods/Capital goods) and how
much?

MTOT - ABM Class A

Applied Economics