REVISITING ECONOMICS AS A SOCIAL SCIENCE:

BRANCHES AND DIVISIONS OF

ECONOMICS
14 SEPTEMBER 2022 –UIPS
MR. JASPER JAN Q. SALERA
LEARNING
OUTCOME:
At the end of the lesson, learners must be able to
explain the branches and divisions of Economics in
their own words

KEY WORDS:
microeconomics, macroeconomics, production,
distribution, consumption
 CURRICULUM
ELEMENTS
CE1: BRANCHES OF ECONOMICS
-Venn diagram
-Describe output
-Explain the importance of macro and
microeconomics to the individual, the
government, the general public and the
international community

CE2: DIVISION OF ECONOMICS

-Identification
-Explain the importance of each term
-Exemplify each division with real-life
examples
STARTER
ACTIVITY!
DAILY ALERTS – 2 minute
global economy news reporting
from assigned student
 CE1
ACTIVITY 1:
Using a Venn diagram, compare
and contrast the ideas and
concepts of Macroeconomics
and Microeconomics. Make sure
to distinguish (5) concepts in
macro and (5) in micro.

Material: Notebook
Duration: 10 mins.
 CE 1 ACTIVITY 2:
Task 1. PAIR SHARE: Find a partner and
show your answers to each other and
observe the commonality you will find in
your answers.

Task 2. SHORT REPORT: Present your

pair’s answers in the group and explain
why both branches are relevant in the
study of Economics.
CE1 ACTIVITY 3:
A. Explain the importance of macro and microeconomics to the
following sectors of society:
A. individual,
B. the government,
C. the general public, and
D. the international community

B. Integrate each division of Economics with (2) real-life examples.

E. Production
F. Distribution
G. Exchange
H. Consumption
I. Public Finance
 APPLIED ECONOMICS

THANKS FOR
LISTENING!
Assignment:
In your notebook, research the
different Economic Models
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