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1. INTRODUCTION TO APPLIED ECONOMICS PART 11
RABIE C. PASTURAN

2. OBJECTIVES;
1.Describe the importance of economic resource.
2.Hypothesize its importance in the economy.
3.Identify responsibilities in solving economic issues
pertaining to the use of its resource.
4.Adhere care for the environment how important is
economic resource to the people.

3. PICTURE ANALYSIS: FORMATIVE ASSESSMENT

4. What is Resource?
1. Thing the people use to make or obtain
what they need or want.
2. A place or thing that provide something
useful. - Merriam-Webster
What is Economic Resource?
• Resources that can be used to produce
goods and services
• Also known as “factors of production”.

5. ECONOMIC RESOURCESPICTURE ANALYSIS: FORMATIVE ASSESSMENT
LAND
• An economic resource as property.
• Soil and natural resources that are found in
nature and are not man-made.
• Adds natural resources to production;
• Renewable Resources ( Trees)
• Non-Renewable Resources ( Minerals &
Fossil Fuels)
INCOME
• Charging RENT
• Leasing
• Selling

6. PICTURE ANALYSIS: FORMATIVE ASSESSMENT ECONOMIC RESOURCES
LABOR
• Provided by Workers.
• Also known as Human Capital
• A person’s potential for economic productivity.
• Some resources comes naturally.
• Talent
• Being Good in anything (Math)
• What helps develop human capital?
• Education
• Training
• Good Habits of Character
INCOME
* WAGES

7. PICTURE ANALYSIS: FORMATIVE ASSESSMENT
ECONOMIC RESOURCES
CAPITAL
* Resources used in the production of goods
and services.
CATEGORY
• Tool
• Equipment
• Buildings
• Machinery
INCOME
• INTEREST

8. PICTURE ANALYSIS: FORMATIVE ASSESSMENT
ECONOMIC RESOURCES
ENTREPRENEURSHIP
• Ideas and Drive
• Involves human skills required to run a
business.
INCOME
• PROFIT

9. LETS DO IT! (GROUP ACTIVITY)
Role Play (Economic resource in Action)!
Mechanics;
1. Form a group of four (4) by counting.
2. All same numbers will group themselves automatically without noise.
3. Groups venue/seating arrangements will follow the numbers you got after counting.
4. You will be assigned to one Economic Resource.
5. Present a situation to the assigned Economic Resources following the knowledge
gained from the lesson in a creative manner.
6. Each group will be given 10 minutes only to create a script and to do the choreography.
7. Failure to comply means an automatic deduction to points earned after the
presentation. After the 10 minutes grace, all groups must be in the respective chairs
seating silently while watching the others performed.
8. Group that presents ideas clearly will receive 50 points.
9. Goodluck!

10. SUMMATIVE ASSESSMENT
Identify which resources is referred to by the following words below.
RESOURCE TYPE
1. Entertainers
2. Minerals
3. Forest
4. Marine Resources
5. Teachers
6. Technology
7. Production equipment
8. Engineers
9. Call Center agents
10. Business propriertor