The document provides an overview of economics as a social science. It discusses how economics studies the behavior of individuals and organizations in making decisions about scarce resources. It also summarizes that economics can be divided into microeconomics, which examines individual agents and markets, and macroeconomics, which analyzes whole economies and issues like growth, unemployment and policy approaches. The document also notes that economics focuses on production, distribution and consumption but that economic analysis can be applied more broadly throughout society in areas like business, finance, health care, crime, education and more.
The document provides an overview of economics as a social science. It discusses how economics studies the behavior of individuals and organizations in making decisions about scarce resources. It also summarizes that economics can be divided into microeconomics, which examines individual agents and markets, and macroeconomics, which analyzes whole economies and issues like growth, unemployment and policy approaches. The document also notes that economics focuses on production, distribution and consumption but that economic analysis can be applied more broadly throughout society in areas like business, finance, health care, crime, education and more.
The document provides an overview of economics as a social science. It discusses how economics studies the behavior of individuals and organizations in making decisions about scarce resources. It also summarizes that economics can be divided into microeconomics, which examines individual agents and markets, and macroeconomics, which analyzes whole economies and issues like growth, unemployment and policy approaches. The document also notes that economics focuses on production, distribution and consumption but that economic analysis can be applied more broadly throughout society in areas like business, finance, health care, crime, education and more.
The National Service Training Program (NSTP) is a Law otherwise known as
Republic Act 9163 or the NSTP Act of 2001, refers to the program aimed at enhancing civic consciousness and defence preparedness in the youth, by developing their ethics of service and patriotism while undergoing training in any of the three (3) program components, the Civic Welfare Training Service (CWTS), the Literacy Training Service (LTS) and the Reserve Officers Training Corps (ROTC), especially designed to enhance the youths active contribution to the general welfare. The law was implemented effective school year 2002-2003 in all HEIs. VISION The FCU-NSTP envisions an efficient, civic conscious and highly motivated NSTP committed towards social transformation. MISSION The FCU-NSTP ensures the efficient implementation of NSTP components for the enhancement and defence preparedness among the Filipino youth.
GOALS Develop civic consciousness and national defence preparedness among the Filipino Youth particularly those that enhance their total well-being as agents towards the pursuit of national development. NSTP LINKAGES/NETWORKS & PARTNERS: 1. Zoological Society of London-Philippines on Mangrove Rehabilitation & Conservation Projects 2. Regional Environmental Education Network VI (REEN-6) on environmental programs in the Region 6 (FCU is a Regular Member & the FCU NSTP Coordinator, Mr. Adam Jesus B. Bering, the Network Auditor from SY 2009 to Present) 3. Western Visayas Regional NSTP Coordinators Association, Inc. (WVRNSTPCAI) on NSTP Program Implementation4. Philippine Society of NSTP Educators, Inc (PSNEI) on NSTP-CWTS Program Implementation. 5. Kiwanis International, Risen Saviour Mission, Feed My Starving Children on Balay Ni San Jose K-Kids Feeding Program 6. The Asia Foundation on Book Bank Program 7. Ang Masasaka at Siyentipiko Para sa Pag-unlad ng Agrikultura (MASIPAG) Visayas & National on Genetically Modified Organism (GMO) Issues 8. Dangerous Drugs Board (DDB) on Drug Education Programs 9. National Youth Commission (NYC), Office of the President of the Philippines on NSTP Green Philippines Awards Program 10. Values Formation and Spiritual Transformation Council, Inc. (VFSTCI) on Values Formation & Spiritual Transformation Programs 11. Philippine Business for Social Progress (PBSP) on QUITSS Smoking Program 12. Lawis-Baybay Small Fisherfolks Association-Roxas City (LABSFAR) and Buntod Katibyugan, Panay (POs) on Mangrove Planting 13. City Agriculture Office-Coastal Resource Management (CAO-CRM) on River Rehabilitation Project through Mangrove Planting & River Clean-Up 14. Office of Vice Mayor (Roxas City) on Coastal/Beach Clean-Up
HISTORY Gordon College, also known as Dalubhasaang Gordon in Filipino, is a local government-funded college in Olongapo City, Philippines. It was founded on February 24, 1999 by virtue of City Ordinance No. 9, and is composed of four constituent colleges: College of Computer Studies, College of Business and Accountancy, College of Education, and College of Nursing. Other academic units include the School of Midwifery, Department of Vocational Technology, Faculty of Arts and Sciences, Center for Research and Development, and Institute of Graduate Studies. VISION A premiere institution of higher learning committed to the holistic development of the human person and the society. MISSION To produce well-trained, skilled, dynamic and competitive individuals imbued with values and attitudes and responsive to the changing needs of the local, national and global communities. GOALS The Gordon College shall: 1. Provide opportunities that will enable individuals to acquire a high level of professional, technical and vocational courses of studies. 2. Develop innovative programs, projects and models of practice by undertaking research and studies. 3. Promote community development through relevant extension programs. 4. Provide opportunities for entrepreneurship and employability of graduates.
Economics is the social science that studies the behavior of individuals, households, and organizations (called economic actors, players, or agents), when they manage or use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to act rationally, have multiple desirable ends in sight, limited resources to obtain these ends, a set of stable preferences, a definite overall guiding objective, and the capability of making a choice. There exists an economic problem, subject to study by economic science, when a decision (choice) is made by one or more resource-controlling players to attain the best possible outcome under bounded rational conditions. In other words, resource-controlling agents maximize value subject to the constraints imposed by the information the agents have, their cognitive limitations, and the finite amount of time they have to make and execute a decision. Economic science centers on the activities of the economic agents that comprise society. [1] They are the focus of economic analysis. [2]
The traditional concern of economic analysis is to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an exchange economy. [3] An approach to understanding these processes, through the study of agent behavior under scarcity, may go as follows: The continuous interplay (exchange or trade) done by economic actors in all markets sets the prices for all goods and services which, in turn, make the rational managing of scarce resources possible. At the same time, the decisions (choices) made by the same actors, while they are pursuing their own interest, determine the level of output (production), consumption, savings, and investment, in an economy, as well as the remuneration (distribution) paid to the owners of labor (in the form of wages), capital (in the form of profits) and land (in the form of rent). [4] Each period, as if they were in a giant feedback system, economic players influence the pricing processes and the economy, and are in turn influenced by them until a steady state (equilibrium) of all variables involved is reached or until an external shock throws the system toward a new equilibrium point. Because of the autonomous actions of rational interacting agents, the economy is a complex adaptive system. [5][6]
The term economics comes from the Ancient Greek (oikonomia, "management of a household, administration") from (oikos, "house") and (nomos, "custom" or "law"), hence "rules of the house(hold for good management)". [7] 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences. [8]
Economics focuses on the behavior and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies). Other broad distinctions within economics include those between positive economics, describing "what is," and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality- individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus"). [9][10]
Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance,health care, and government. Economic analyses may also be applied to such diverse subjects as crime, [11] education, [12] the family, law, politics, religion, [13] social institutions, war, [14] and science; [15] by considering the economic aspects of these subjects. Education, for example, requires time, effort, and expenses, plus the foregone income and experience, yet these losses can be weighted against future benefits education may bring to the agent or the economy. At the turn of the 21st century, the expanding domain of economics in the social sciences has been described as economic imperialism. [16]