2. Objectives
• Define basic terms in applied economics
• Appreciate the role of economics in shaping
policies and improving societal welfare in the
Philippines.
• Create a visual aid(poster or slide deck) to
explain basic terms in applied Economics.
2
3. Content
• Revisiting Economics
as a Social Science
• Economics as an
Applied Science
• Basic Economic
Problems
• Philippine
Socioeconomic
4. “What comes to your
mind when you hear the
word economics?”
4 Presentation title 20XX
5. Why is it important to
understand applied
economics in addressing
our country's problems?
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7. 7 Presentation title 20XX
1. Differentiate Economics as a Social Science
and an Applied Science
•Economics as a social science studies human
behavior, choices, and interactions in society.
•It seeks to understand how people allocate
scarce resources.
•Economics as an applied science uses models,
theories, and tools (like cost-benefit analysis) to
solve real-world problems.
•It helps craft policies and strategies to address
issues like poverty and inflation.
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2. Identify and Explain Basic Economic
Problems
•Scarcity: Limited resources versus unlimited
human wants.
•What to produce? Choosing which
goods/services to make.
•How to produce? Selecting production
methods (labor-intensive vs. capital-intensive).
•For whom to produce? Deciding who
benefits from produced goods/services.
•All economies must answer these questions
to allocate resources efficiently.
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3. Relate Applied Economics to Philippine
Socioeconomic Issues
•Applied economics helps explain inflation,
poverty, unemployment, and inequality.
•Evaluates the impact of programs like:
• 4Ps – Poverty reduction through conditional
cash transfers.
• TRAIN Law – Tax reform to boost revenue and
equity.
• Build, Build, Build – Infrastructure-led
development.
•Provides data and analysis for evidence-based
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4. Propose Possible Solutions to
Existing Economic Issues
•Unemployment: Offer skills training,
promote entrepreneurship.
•Food insecurity: Invest in agriculture
and support small farmers.
•Inflation: Monitor prices and adjust
policies to ensure affordability.
•Poverty: Strengthen social protection
programs and create sustainable
livelihoods.
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Understanding Real-World
Issues Like Inflation &
Unemployment Presented
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What Do You Know About Economics?
•Have you heard the word "economics"
before?
•What do you think it means?
•Can you give examples of how
economics affects our daily lives?
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What is Economics?
•Economics is the study of how people use
resources to meet their needs and wants.
• It looks at how money, jobs, goods, and
services are created, shared, and used.
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Why Is Economics Important?
•Helps us understand how the
world works
•Teaches us how to manage our
resources wisely
•Explains problems like high prices
(inflation) and job loss
(unemployment)
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Real-World Application Title: Let's Look at the
News
•"Philippines inflation eases to 3.9% in May
2025" – PSA (Philippine Statistics Authority)
•Inflation means prices of goods and services
are rising
•Lower inflation = better for consumers, but
too low = risk for businesses
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Inflation in the Philippines
•Why did inflation happen?
• Oil prices
• Food prices
• Peso value
•How does it affect you?
•Higher prices for rice, transport, electricity
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Unemployment
•Unemployment means people who want to
work cannot find jobs
•Causes:
• Lack of job opportunities
• Business closures
• Economic slowdown
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Let's Talk!
•Have you or someone you know
experienced effects of inflation or
unemployment?
•How do rising prices affect your family?
•Why is it important for us to learn about
this?
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Summary
•Economics helps us understand how
people, businesses, and the
government use resources.
•Real-life issues like inflation and
unemployment affect everyone.
•Learning economics helps us make
smarter choices.
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Objectives of Personal Development for Students:
1.Enhance Self-Awareness
1. To help students understand their strengths, weaknesses, values, and motivations for better
personal and academic decisions.
2.Develop and Strengthen Skills
1. To equip students with essential academic, social, and life skills needed for personal growth and
success.
3.Promote Goal-Setting Abilities
1. To guide students in setting realistic and achievable goals that lead to continuous improvement
and motivation.
4.Foster a Positive Mindset
1. To encourage optimism, resilience, and confidence in facing challenges both in school and life.
5.Encourage Continuous Learning
1. To instill a love for lifelong learning that prepares students to adapt and grow in a changing world.
6.Empower Personal Responsibility
1. To teach students how to make informed decisions, take control of their lives, and pursue their
aspirations independently.
7.Implement a Personal Development Plan (PDP)
1. To provide a structured approach for students to set goals, create action steps, and monitor their
personal progress
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Personal development
also known as self-improvement, is the process of
enhancing one's capabilities, potential, and overall
quality of life. It involves consciously working on
skills, knowledge, and mindset to achieve personal
and professional goals. This lifelong journey can
encompass various activities like learning new skills,
improving existing ones, setting and achieving goals,
and fostering positive habits.
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Understanding one's strengths, weaknesses, values, and motivations is
crucial for effective personal development.
Setting clear, achievable goals provides direction and motivation for
personal growth.
•Skill Development:
AcqGoal Setting:
uiring new skills or enhancing existing ones to improve performance in
various areas.
Embracing a mindset of lifelong learning to adapt to new challenges and
opportunities.
•Positive Mindset:
•Continuous Learning:
Cultivating a positive attitude, resilience, and self-belief to overcome
obstacles.
•Personal Empowerment:
Developing the ability to make informed decisions, take control of one's life,
and pursue one's aspirations.
•Personal Development Plan (PDP):
A structured approach to identifying goals, creating action plans, and
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Benefits of Personal Development:
•Increased Confidence: Achieving goals and improving skills boosts self-esteem
and confidence.
•Enhanced Employability: Developing relevant skills and knowledge can improve
career prospects.
•Improved Relationships: Increased self-awareness and communication skills can
lead to stronger relationships.
•Greater Fulfillment: Pursuing personal development can lead to a more
meaningful and fulfilling life.
•Better Decision-Making: Increased self-awareness and critical thinking skills can
improve decision-making.
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Areas of focus
B2B market
scenarios
•Develop winning strategies to keep ahead of the competition
•Capitalize on low-hanging fruit to identify a ballpark value
•Visualize customer directed convergence
Cloud-based
opportunities
•Iterative approaches to corporate strategy
•Establish a management framework from the inside
20XX
35. 35 Presentation title
How we get there
ROI
Envision multimedia-
based expertise and cross-
media growth strategies
Visualize quality
intellectual capital
Engage worldwide
methodologies with web-
enabled technologies
Niche markets
Pursue scalable customer
service through
sustainable strategies
Engage top-line web
services with cutting-edge
deliverables
Supply chains
Cultivate one-to-one
customer service with
robust ideas
Maximize timely
deliverables for real-time
schemas
20XX
36. 36
Summary
At Contoso, we believe in giving 110%. By using
our next-generation data architecture, we help
organizations virtually manage agile workflows.
We thrive because of our market knowledge and
great team behind our product. As our CEO
says, “Efficiencies will come from proactively
transforming how we do business.”
