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Econ a course for the game of life
 

Econ a course for the game of life

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    Econ a course for the game of life Econ a course for the game of life Presentation Transcript

    • INTECOM
    • I would like to know you…
      • In the index card, WRITE YOUR…
      • NAME
      • NICKNAME
      • COURSE AND YEAR
      • CONTACT NUMBER
      • EMAIL ADDRESS
      WHAT IS YOUR TARGET GRADE FOR INTECOM? WHAT MUST YOU DO TO GET THIS?
    • WE WOULD LIKE TO KNOW YOU... 1. Pair up with someone you do not know. 2. After a minute or two getting to know each other, each person makes up a sentence with words starting with the letter of the OTHER person's name. DETTE ---Dette eats two tons of egg pies! 3. Think of a VERB or ACTION WORD that starts with the same letter as your pet name/nickname. DANCING DETTE
    • WE WOULD LIKE TO KNOW YOU... 3. Two pairs (4 students) come in front of the class 4. Each student does the action and yells out the action-name.  Everyone in the group then repeats the action and the action-name. 5. The student then reads the sentence name.
    • COURSE SYLLABUS
      • Is a CONTRACT between you (students) and DLS-CSB through me (Instructor)
      • A CONTRACT contains the course’s objectives, reading, lectures, testing and grade & other requirements
      • Sign the CONTRACT /course syllabus to signify agreement
    • Economics…a Course For The Game Of Life PROF. BERNADETTE E. RAYMUNDO
      • To LOOK is one thing to SEE what you look at is another to UNDERSTAND what you see is a third to LEARN from what you understand is still something else but to ACT on what you learn is all that really matter!
    • LOOK Turn one’s eyes toward something, glance or gaze SEE Perceive mentally, ascertain, recognize, aware or identify UNDERSTAND Know the significance, implications or rationale LEARN Own or acquire the knowledge & skill through study and instruction ACT Putting knowledge into action, reality via thoughts, words, deeds LEARNING PROCESS
    • 1 2 3
    • OBJECTIVES
      • Emphasize…
      • Why is economics important
      • What are the 3 benefits of studying
      ECONOMICS…
    • ECONOMICS as a subject lacks general appeal. Agree/Disagree why?
    • Economics is unpopular or lacks general appeal Agree Disagree 13 or 50% 13 or 50% 13 or 38.2% 21 or 61.8% 21 or 81.5% 5 or 18.5% 47 / 55% 39 / 45%
    • Agree Disagree It is intimidating/ boring / not affected or interested in what’s happening in the economy / It’s complicated/ technical / difficult /because of the math Discusses the bad things about the economy/ Economy not improving/ changing Minor subject/not important Need to be more hands on/ should teach how to survive It is an interesting, informative, & important subject Everyone encounters economics everyday/ is affected by the economy/ needed to be successful in business It can explain the country’s problems / help one in using resources specially money Intelligent people love it
    • ECONOMICS lacks appeal
      • Because…
      • It talks about bad or gloomy things
      • People do not like the message
      • That is why it’s called a “dismal science”
    •  
    •  
    •  
    • ECONOMICS…
      • Needs to discuss gloomy things, to…
      • Understand the root causes of the crises
      • Think of appropriate strategies and solutions
      • Prevent crisis from recurring by developing early warning systems
    • ECONOMICS lacks appeal
      • It is out of touch with reality; incredible assumptions
      • e.g., ceteris paribus, two good economy, no idle resources
      Because economic processes are complex, we need assumptions to make the world easier to understand by ignoring some details.
    •  
    • ECONOMICS lacks appeal
      • Because…
      • It uses lots of mathematics and jargons
      Allows economists to be precise, clear and specific
    • ECONOMICS lacks appeal
      • Because…
      • Economists are unpopular or party poopers
      Economists warn about difficult choices and tradeoffs
    • The Economists PARTY POOPERS…OH YEAH! PARTY POOPERS…NAH..!
    •  
    • REAL ECONOMISTS …in action
      • UP ECONOMISTS
      • DR. FELIPE MEDALLA
      • WINNIE MONSOD
      • ETC…
      • LA SALLE ECONOMIST
      • RALPH RECTO
    • Adam Smith John Maynard Keynes Assignment 1 Life and Works…(write references /sources) (handwritten in one whole yellow pad)
    • Do you know that ECONOMICS…is practical & useful subject? Oh…Come on…!
    • WHAT’S IN IT FOR ME? WIIFM
    • WHAT’S IN IT FOR ME??
      • 1. It will make you a wise decision maker or an intelligent participant in the economy
      • Learn the economic WAY of thinking
      • ... To think like an economist.
    • IS A WAY OF THINKING Thinking is… a mental activity with the purpose of solving a problem, making a decision, fulfilling a desire and searching for answers ECONOMICS Economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusion. (John Maynard Keynes)
    • THE ECONOMIC WAY OF THINKING means…
      • Making RATIONAL CHOICES
      Life is not a series of chances But a series of choices!
    • WHEN PEOPLE ACT IN THEIR BEST INTERESTS … IT CAN EXPLAIN MANY THINGS ABOUT PEOPLE Choices that are best for the individual who makes them Uses the available information to make the best choice
    • As consumer
    • As student/worker
    • Study or work ,
    • Study or work ,
    • Marry now or later or never
    • aS investor ,
    • Should I put up this business ? What will I produce / sell ? How many will I produce / sell ? Etc..etc..etc! aS a businessman ,
    • How should government use the country’s resources? – EDUCATION, HEALTH, NATIONAL DEFENSE, HOUSING How do we provide jobs to those who are jobless? How do we minimize or eliminate poverty in the country? aS a policymaker ,
    • Economics
      • Aims to help man in his quest for a better life…
      • Constantly asks questions – why, will it work, who gains/loses?
      • Economic tools are available to help us make good choices in all areas of life
      • Understand how others also make choices
    • Economics
      • Will train you to think critically and quantitatively and enable you to see the big pictures
      • Gain self confidence/ analytical skills useful in a wide range of jobs
      • not being fooled by economists or charlatans
    • WHAT’S IN IT FOR ME? WIIFM_2
    • WHAT’S IN IT FOR ME??_2
      • 2. It will help you understand “ WHAT’ s going on around you”
      • Better grasp of local and international issues
    • WHAT’S GOIN ON? AIDS/DENGUE
    • Why oh why...? Teachers and policemen are paid with low salaries while athletes are earning millions Nursing graduates need to pay hospitals (5K) just to take them as volunteer nurses Is there a need to increase the MRT & LRT fares?
    •  
    • Economics
      • Makes us see the connections between things or events
      • Trains you to see much more...makes the invisible visible
      • Little knowledge will help you understand business news
    • WHAT’S IN IT FOR ME? WIIFM_3
    • WHAT’S IN IT FOR ME??_3
      • 3. It will help you understand the WHY’ s (potential gains and limitations) of economic program
      • Acquire a “social conscience”
    • WHAT PNoy iS doing? Is he doing enough to fight corruption? Poverty? Is he hiring the right men to work for him?
    • Economics
      • makes us informed and active citizen...backbone of democracy
      • Since our problems are econo mics in nature, we must be involved in providing or participating in economic programs
      • Few understand economics which may be the reason why our economy is underperforming
    • BENEFITS OF STUDYING ECONOMICS
      • Learn a new WAY of thinking
      • Understand WHAT’S going on
      • Understand the WHY’S of government policies and actions
      WWW.econ
    • The fear of the lord is the beginning of wisdom and knowledge of the HOLY ONE is understanding Prov. 9:10 If any one lacks wisdom, he should ask GOD, who gives generously to all without finding fault, and it will be given him. James 1:5
    • WHY do WE HAVE TO MAKE A CHOICE? One-minute paper – short personal reflection (5 sentences)
    • Title
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