Applied

Economics
By: Angelita A. Jandayan
 LESSON 1
Economics as a Social Science and Applied
Science in Terms of Nature and Scope
 Activity No. 1 Direction: Let us check your knowledge to our topic.
Kindly arrange the following words.

1 MIRECOOCNOMSCI __________________ individuals and industries

2 TENAGILBDSOOG __________________basic goods/commodities

3 SARCITYC ________________________shortage in supply.

4 UXDOOSLUGYR ___________________expensive jewels and gems

5 CDAOTOASLGIP ____________________baking machines

 Activity No. 1 Direction: Let us check your knowledge to our topic.
Kindly arrange the following words.

1 MICROECONOMICS __________________ individuals and industries

2 TANGIBLE GOODS __________________basic goods/commodities

3 SCARCITY ________________________shortage in supply.

4 LUXURY GOODS ___________________ expensive jewels and gems

5 CAPITAL GOODS ___________________ baking machines

Answer Key
Father of Economics
ADAM SMITH
 1
Icebreaker
Copy a sticky Copy a sticky Copy a sticky
Copy a sticky
note, then write note, then write note, then write
note, then write
your thoughts. your thoughts. your thoughts.
your thoughts.
Copy a sticky note and
write down your
Before we start with the session, let's warm up a thoughts.

little with this icebreaker question:

What's your frequently used Emoji?

Below are suggestions for icebreaker questions:

• What's your morning routine?

• What did you have for breakfast today?
• What’s a random act of kindness you did for a stranger?
• What's the most challenging thing you've done in life?
• What's your favorite dessert?
 Idea
• This space is the new home

owner
of your wonderful idea.
• Share it here by replacing
this text with yours.
 Thank you!
Have a great day ahead.