APPLIED

ECONOMICS
MRS. KATRINA MARIE M. MIRANDA,
MBA
Subject Teacher
 CONTENT
INTRODUCTION TO
APPLIED ECONOMICS
The basic economic problems
and the Philippine socio-
economic development in the
21st century.
Quote Review
 OBJECTIVES

At the end of the lesson, the learners

should have:
 Defined economics as an applied science;
 Identified the basic economic problems;
 Enumerated the things to be done to solve
the economic problems in the country.
4 PICS 1
WORD
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_______
SCEINE C
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SCIENCE
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A L I T I P U PA C O N
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APPLI CAT I O N
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E IH TIRYO
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T H E O RY
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E LW I D R O
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WORLD
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PVTO EARY
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POVERTY
 ANALYZE

ANSWERS
SCIENCE APPLIED
APPLICATION
THEORY
ECONOMICS
WORLD
POVERTY
 APPLIED
ECONOMICS
As a science, is an application of
theory/theories in the real world
situation to fight problems such as
poverty.
 ACTIVITY

Direction:
-Think of any raw materials found in your locality
which you think can be a good source of goods for
consumption.
-Decide with your group and get only three among
the many options you had thought and
brainstormed. These raw materials that you will
choose will be used to fill in the chart given to
you.
-After 20 minutes, one from your group will
report your finished output to the front.
 ACTIVITY

Direction:
 List your choices and describe the advantages and
disadvantages of each choice.

CHOICE 1 CHOICE 2 CHOICE 3

Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages
APPLIED ECONOMICS

“brings economic theory

nearer to reality”
ECONOMICS AS AN APPLIED
SCIENCE

Is studying Economics
important?
Why? Why not?
ECONOMICS AS AN APPLIED
SCIENCE
 Its primary aim is to increase human welfare by
the investigation and analysis of economic
problems of the real world.
 It focuses on social problems, the health-care
crisis, agricultural problems, poverty, economic
growth and the environment.
 A B C D

DECISION MAKING-SKILLS
PROBLEM SOLVING ABILITIES
JOB OPPORTUNITIES
 ECONOMICS AS AN APPLIED
SCIENCE

- Decision-Making Skills
- Problem Solving Abilities
- Job Opportunities
ECONOMICS AS AN APPLIED
SCIENCE
 BASIC ECONOMIC
PROBLEMS
There are three Basic Economic Problems to
make the right decisions:

1. What to Produce?
2. How to Produce?
3. For Whom to Produce?
BASIC ECONOMIC
PROBLEMS
 BASIC ECONOMIC PROBLEMS
What to Produce? How to Produce? For Whom to
Produce?
Enough Supply of Desalination For all the people in
Potable Water the community

Bags made of Water Means of For the people who

Hyacinth Weaving/Handicraft need bags
In general…
 ASSIGNMENT

Direction:
in a 1 whole sheet of pad paper
 You’re planning to buy at a nearby sari-sari store,
grocery or mall. You have noticed that stores have
enough stocks of commodities to sell, you probably
cannot afford to buy all you want, and so you have to
make choices on how to use your limited resources
(money, time, energy).
 Given Php500.00 as your allowance for the whole
week. How will you allocate your budget for your
expenses for the week?
THANK YOU!