ONLINE CLASSROOM

LESSON 1

we ain’t
gonna skip
applied
econ.
Never!!!!
 REVIEW
It refers to the different
ways of managing a
nation’s available
resources
 REVIEW
It refer to the different
ways of managing a
nation’s available
resources
- Economic system
 REVIEW
It is a economic system
characterized by
competition and high
level of private
ownership.
 REVIEW
It is a economic system
characterized by competition
and high level of private
ownership.

- Free market economy

 REVIEW
It is an economic system
that balance private and
government accountability
in achieving economic
goals.
 REVIEW
It is an economic system
that balance private and
government accountability
in achieving economic
goals.
- Mixed economy
 REVIEW
It is a system that
characterized the heavy
involvement of the
government in managing
the economy.
 REVIEW
It is a system that
characterized the heavy
involvement of the
government in managing the
economy.
- Centralized Economy
 REVIEW
What are the three
macroeconomic goal a
country should have?
 REVIEW
What are the three
macroeconomic goal a country
should have?
- Economic growth
- Full employment
- Price stability
 WALANG
MAKAKAPIGIL SA
DISCUSSION
NATIN!!!
 GLOBAL CHALLENGES
Integration of economies across
the world means that our country
is vulnerable to major
international issues.

adjective
 /ˈvʌl·nər·ə·bəl/
 able to be easily hurt, influenced,
or attacked:
So what are the global challenges that can impact the
country in the areas of trade and financial markets?

TERRORISM

POLITICAL
INSTABILITY

WAR
 1. War
Although war can provide a temporary
boost to domestic demand, it is
important to bear in mind the cost of
war. In particular the opportunity cost
of military spending, the human cost
of lost lives, the cost of rebuilding
after the devastation of war. Also, it
depends on the kind of war, how
prolonged it was, where and how it is
fought.
 2. TERRORISM
- Rise and frequency of terrorist attacks across
the world is a cause for concern.
- These terrorist activities heightened the
threat to security in major European nations.
- These attacks and continued security threats
bring with them enormous cost to the global
economy.
- There is loss and disruptions in business
activities and damage to properties.
• The Global Terrorism Index
2015 is a study released by the
Institute for Economics and Peace
(IEP) that examines the trends in
terrorism and measures its global
economic costs.

• Interdependency of economies
across the world, these terrorist
activities also affect other nations.
• Attacks on major economic hubs
and centers of global economic
activities, pose a threat especially
to those with a free-market
economic system that rely on the
market to set prices.

• 911 Attack on US
Top 5 Ways Terrorism Impacts the Economy

1. Direct Economic Destruction

2. Increased Uncertainty in the Markets
3. Insurance, Trade, Tourism and FDI
4. War Is the Health of the State
5. Increased Nationalism and Foreign
Skepticism
Source: investopedia
 3. Political Instability
• Brexit last June 2016
• This caused shocks to global market
(Wall Street article) sharp decline in
stocks in the world financial markets
immediately.
• Effect slowdown in economy,
investment uncertainty, strict trade
agreements.
How about in the
Philippines??
• 1. Territorial dispute with
China – ongoing maritime dispute
with China over the west Philippine
sea, started last 2012 when China
banned Filipino fishermen around
Scarborough Shoal.
China claims that Scarborough
Shoal is part of their territory, which
is within nine-dash line .
2013, intensified construction of China
in that area, lead Philippines to
formally filed a case in the
international court. Both countries
presented evidence of ownership. On
July 12, 2016 the tribunal ruled in
favor of the Philippines based on
maritime rights under the United
Nations Convention on the Law
of Sea (UNCLOS) where China and
Philippines both are signatories.
2. The On-Going War in Mindanao
Philippines has been struggling to
end the long-time standoff with the
rebels in Southern Philippines. The
war between the government and
Moro Islamic Liberation Front (MILF)
that started in the 1970s has been
ongoing for over 40 years and across
6 administrators.
• Global Terrorism Index, IEP rates all 162
countries on a scale of 1 to 10 being
equivalent to the highest impact of
terrorism.
• Philippines was rated 7.27, which
ranked the country as the 11th most
vulnerable to terrorism in 2015. based
on a 15 year study, Philippines landed 6
times in the top 10. this is driven by the
ongoing conflicts in Mindanao.
 ACTIVITY 1: OUTPUT 1
Essay:
Answer the question below. Use the
given guidelines in working for
your output.
Font size: 10
Font style: Times new roman
(sample format is uploaded with the video)
 OUTPUT 1: ACTIVITY 1

Given the Global Challenges and

Domestic Issues our country is
facing, how can we protect our
Economy from sudden
changes, both local and
international?
 Reminder:
1. Output should be done
individually.
2. The group leader will collect and
compile group member’s output.
3. The group leader will pass the
group’s output via student portal.
4. Group output should be in PDF
form.
 :
Social Science 3 - Applied Economics Social Science 3 – Applied
Name:
Section:
Group #:
Economics
Lesson:
Output#: ____ Name:
Section:
Activity 1 :
250 words minmum Group #:
Lesson:
Output #:

Activity 2 : Activity 1: (250 words min)

250 words minimun

Activity 2: (250 words min)

 criteria masterf skilled able developin novice actual
ul 8pts 6 pts g 2 pts score
10pts 4pts
outline,
focus,
20pts

ideas,
supporting
idea
20 pts

organization
20 pts

structure
20 pts

word usage
20 pts

total score