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What Is Economics?

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Gregar Donaven Valdehueza
Gregar Donaven Valdehueza

What Is Economics?

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WHAT IS ECONOMICS? UNDERSTANDING ECONOMICS IN THE PHILIPPINE SETTING By: Tereso S. Tullao, Jr., Ph.D. Prepared by: GREGAR DONAVEN E. VALDEHUEZA, MBA Lourdes College Instructor
Economics ,[object Object]
Economics as a Social Science ,[object Object],[object Object],* Economics tries to understand how members of a society behave and organize themselves to meet their individual and communal material needs and desires.
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Resources ,[object Object],[object Object]
Categories of Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Human Wants ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Concept of Scarcity ,[object Object],[object Object],[object Object],[object Object],[object Object]
Concept of Economizing and Efficiency ,[object Object],[object Object],[object Object]
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Allocation Process ,[object Object],[object Object],[object Object],[object Object]
Why Study Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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What Is Economics?

  • 1. WHAT IS ECONOMICS? UNDERSTANDING ECONOMICS IN THE PHILIPPINE SETTING By: Tereso S. Tullao, Jr., Ph.D. Prepared by: GREGAR DONAVEN E. VALDEHUEZA, MBA Lourdes College Instructor
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