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    Applied Economics: Chapter # 1-LC # 2

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    Zeo Alcantara
    The document discusses topics related to applied economics including unemployment, infrastructure, and basic economic questions about what to produce and how much. It provides examples of class activities involving drawing baskets of school supplies and questions groups must answer. The activities are aimed at helping students understand concepts such as needs versus wants and limited resources.

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    Applied Economics: Chapter # 1-LC # 2

    Uploaded by

    Zeo Alcantara
    46 views18 pages
    The document discusses topics related to applied economics including unemployment, infrastructure, and basic economic questions about what to produce and how much. It provides examples of class activities involving drawing baskets of school supplies and questions groups must answer. The activities are aimed at helping students understand concepts such as needs versus wants and limited resources.

    Original Description:

    APPLIED ECONOMICS

    Original Title

    POWER_POINT_ABM_AE-I-ad-2.1

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    The document discusses topics related to applied economics including unemployment, infrastructure, and basic economic questions about what to produce and how much. It provides examples of class activities involving drawing baskets of school supplies and questions groups must answer. The activities are aimed at helping students understand concepts such as needs versus wants and limited resources.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    46 views18 pages

    Applied Economics: Chapter # 1-LC # 2

    Uploaded by

    Zeo Alcantara
    The document discusses topics related to applied economics including unemployment, infrastructure, and basic economic questions about what to produce and how much. It provides examples of class activities involving drawing baskets of school supplies and questions groups must answer. The activities are aimed at helping students understand concepts such as needs versus wants and limited resources.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 18

    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

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