> Resources: DepEd SHS curriculum guide and Rex Book AE
> This helping material comes with a worksheet on a separate document. Message me for any questions. Hope this helps!
Applied Economics: Application of Demand and Supply (Chapter 2.1)
- The Market
- Demand
- The Law of Demand
- Non-Price Determinants of Demand
- Shifts of Demand Curve
- Supply
- The Law of Supply
- Non-Price Determinants of Supply
- Shits of Supply Curve
This is a presentation I made for my Applied Economics class Grade 12-ABM. This discusses about the basic economic problems of the country.
Credits go to the sources of my materials and pictures.
This presentation focuses on applied economics. Emphasis is on knowledge and understanding for the following:
1. Economics as a social science
2. Economics as a study of wealth
3. Economics as a study of making choices
4. Economics as a study of allocation
5. Factors of production
6. Scarcity
7. Choice and decision making
8. Branches of economics
Created by my Grade 12-ABM student, MJ Nollan.
** Disclaimer:
All of the pieces of information on this site are the property of the respective owners. I do not hold any copyright in regards to these pictures and information. These pictures and information have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
Introduction to Applied Economics:
Economics as a study of wealth
Utilization of wealth for production and consumption
Economics as a study of making choices
Opportunity cost: forgone benefits of an alternative when making a choice
Economics as a study of allocation
Allocation of scarce resources to answer unlimited human wants
Economics as a social science
As a science, uses scientific method of inquiry
As a social science, uses the scientific method to study how society creates its material wealth, how it make this wealth available to its people with minimum difficulties and it expands its wealth
Resources and the study of economics
Natural resources, Human resources, Physical or man-made resources
Applied Economics
based on the book Applied Economics by R. P. Dinio, PhD
and G. A. Villasis
Learning Competencies Covered:
ABM_AE12-Ia-d1
ABM_AE12-Ia-d2
ABM_AE12-Ia-d3
Note: Just notice the technical error in my slide Economic System. The last column should be Market Economy.
Thanks for understanding.
This lesson is entended for applied economics 11.
This aims to develop knowledge among learners the topics about Econonics which is very timely and rampant nowadays.
This presentation focuses on the application of economic principles and theories to real situations.Emphasis is on knowledge and understanding for the following:
1. Economic theory and Applied economics
2. Economics as an applied science
3. Basic economic problems of society
4. Economic problems confronting the development of the Philippines in 21st century
This is a presentation I made for my Applied Economics class Grade 12-ABM. This discusses about the basic economic problems of the country.
Credits go to the sources of my materials and pictures.
This presentation focuses on applied economics. Emphasis is on knowledge and understanding for the following:
1. Economics as a social science
2. Economics as a study of wealth
3. Economics as a study of making choices
4. Economics as a study of allocation
5. Factors of production
6. Scarcity
7. Choice and decision making
8. Branches of economics
Created by my Grade 12-ABM student, MJ Nollan.
** Disclaimer:
All of the pieces of information on this site are the property of the respective owners. I do not hold any copyright in regards to these pictures and information. These pictures and information have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
Introduction to Applied Economics:
Economics as a study of wealth
Utilization of wealth for production and consumption
Economics as a study of making choices
Opportunity cost: forgone benefits of an alternative when making a choice
Economics as a study of allocation
Allocation of scarce resources to answer unlimited human wants
Economics as a social science
As a science, uses scientific method of inquiry
As a social science, uses the scientific method to study how society creates its material wealth, how it make this wealth available to its people with minimum difficulties and it expands its wealth
Resources and the study of economics
Natural resources, Human resources, Physical or man-made resources
Applied Economics
based on the book Applied Economics by R. P. Dinio, PhD
and G. A. Villasis
Learning Competencies Covered:
ABM_AE12-Ia-d1
ABM_AE12-Ia-d2
ABM_AE12-Ia-d3
Note: Just notice the technical error in my slide Economic System. The last column should be Market Economy.
Thanks for understanding.
This lesson is entended for applied economics 11.
This aims to develop knowledge among learners the topics about Econonics which is very timely and rampant nowadays.
This presentation focuses on the application of economic principles and theories to real situations.Emphasis is on knowledge and understanding for the following:
1. Economic theory and Applied economics
2. Economics as an applied science
3. Basic economic problems of society
4. Economic problems confronting the development of the Philippines in 21st century
Economists agree that supply means the commodity offered for sale at a price. In other words, supply refers to total supply offered for sale at a price to retailers and wholesalers. Sometimes the term market supply is used to denote the supply of perishable commodities with retailers only.
Best PPT on Chapter Demand from economics for Students.DhruvArora87
PPT on Demand for students. I have told main points that affect demand both individually and in market as well. Hope you will find this PPT helpful and beneficial. Thank You
ARALING PANLIPUNAN / MGA REHIYUNAL NA DIBISYON NG ASYARomlaineOlaso1
VISUAL AIDS
SHORT ACTIVITIES
ARALING PANLIPUNAN
MGA REHIYUNAL NA DIBISYON NG ASYA
Kanlurang Asya
Gitnang Asya
Timog Aysa
*All images resourced from Google.
*Alligned with My Distance Learning Buddy Book (Grade 7)
*A helping material for teachers prepared by yours truly <3
*no copyright infringement intended. Please let this pass. Para sa kabataan.
> Resources: DepEd SHS curriculum guide and Vibal CPAR
> This helping material comes with a short activity. Hope this helps!
- National Commission for Culture and the Arts
- Cultural Center of the Philippines
- National Historical Commission of the Philippines
- National Museum of the Philippines
- National Library of the Philippines
- Kumisyon sa Wikang Filipino
- National Archives of the Philippines
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
1. A B M 0 0 1 . C H A P T E R 2
Application
of Demand and Supply
More at slideshare.net/RomlaineOlaso1/presentations
2. •The Market
•Demand
…The Law of Demand
…Non-Price Determinants of Demand
…Shifts of Demand Curve
•Supply
…The Law of Supply
…Non-Price Determinants of Supply
…Shits of Supply Curve
Basic Principles of
DEMAND & SUPPLY
Lesson 2.1
Application of Demand and Supply
Demand and Supply in Relation to the
PRICE OF BASIC COMMODITIES
Lesson 2.2
•Market Equilibrium
•Application of Demand and Supply in
Relation to Housing Shortage
ELASTICITY of
Demand and Supply
Lesson 2.3
•Elasticity of Demand
…Price Elasticity of demand
…Income Elasticity of Demand
…Cross Price Elasticity of Demand
•Price Elasticity of Supply
cHAPTER tWO
3. Lesson2.1
An interaction between buyers and sellers of trading or exchange.
• Market
goods market
labor market
finance market
cHAPTER tWO
4. •The Market
•Demand
…The Law of Demand
…Non-Price Determinants of Demand
…Shifts of Demand Curve
•Supply
…The Law of Supply
…Non-Price Determinants of Supply
…Shits of Supply Curve
Basic Principles of
DEMAND & SUPPLY
Lesson 2.1
Application ofDemandandSupply
Demand and Supply in Relation to the
PRICE OF BASIC COMMODITIES
Lesson 2.2
•Market Equilibrium
•Application of Demand and Supply in
Relation to Housing Shortage
ELASTICITY of
Demand and Supply
Lesson 2.3
•Elasticity of Demand
…Price Elasticity of demand
…Income Elasticity of Demand
…Cross Price Elasticity of Demand
•Price Elasticity of Supply
cHAPTER tWO
5. Indicates how much of a product consumers are willing and able
to buy at each period of time, other things constant.
Lesson2.1 cHAPTER tWO
• Demand
A demand function shows how the
quantity demanded of good depends on
it’s determinants the most important of
which is the price of the good itself.
The demand curve is a graphical
illustration of the demand schedule,
with the price measured on vertical
axis (Y) and the quantity demanded
measured on the horizontal axis (X).
Consumer demand
and consumer
wants are not the
same thing.
6. Indicates how much of a product consumers are willing and able
to buy at each period of time, other things constant.
Lesson2.1 cHAPTER tWO
• Demand
Price Demand Schedule of Rice Supply Schedule of Rice
4 71 25
6 65 35
8 59 45
10 55 55
12 54 65
14 53 75
16 52 85
7. Indicates how much of a product consumers are willing and able
to buy at each period of time, other things constant.
What changes the Demand?
Substitution Effect
Income Effect
Diminishing Marginal
Utility
Lesson2.1 cHAPTER tWO
• Demand
The negative relationship between price and quantity demanded
regularly observed in various markets.
The Law of Demand
Using the assumption, “centeris paribus” which
means all other related variables exept that are
being studied at the moment and are held
constant.
8. Lesson2.1 cHAPTER tWO
• Demand
D = f ( P, T, Y, E, PR, NC )
Non-Price Determinants of Demand
..demand for a good is a function of price,
taste, income, expectations, price of related
goods and number of consumers.
An increase in the value that
people place on hamburgers*
would lead them to buy more each
and every price.
When people become more
health conscious, some of them
might choose to buy fewer
hamburgers at each time.
Improved taste for a product will
cause a consumer to buy more of
that good even if it’s price does not
change.
9. Lesson2.1 cHAPTER tWO
• Demand
D = f ( P, T, Y, E, PR, NC )
Non-Price Determinants of Demand
..demand for a good is a function of price,
taste, income, expectations, price of related
goods and number of consumers.
An increase in income leads
consumers to buy more of most
goods at each and every price. vice
versa.
A good for which demand increases
when income increases is called a
normal good.
A good for which demand
decreases when income increases is
called an inferior good. An increase in
income may lead some consumers to
buy fewer of a specific good because
they can now afford better-quality
products.
10. Lesson2.1 cHAPTER tWO
• Demand
D = f ( P, T, Y, E, PR, NC )
Non-Price Determinants of Demand
..demand for a good is a function of price,
taste, income, expectations, price of related
goods and number of consumers.
Consumers tend to anticipate changes
in the price of a good.
Ex:
OIL PRICE HIKE and ROLLBACK
11. Lesson2.1 cHAPTER tWO
• Demand
D = f ( P, T, Y, E, PR, NC )
Non-Price Determinants of Demand
..demand for a good is a function of price,
taste, income, expectations, price of related
goods and number of consumers.
Substitute goods are those that are used
in place of each other.
Complement goods are goods that are
used together.
12. Lesson2.1 cHAPTER tWO
• Demand
D = f ( P, T, Y, E, PR, NC )
Non-Price Determinants of Demand
..demand for a good is a function of price,
taste, income, expectations, price of related
goods and number of consumers.
Population makes the group of the
costumers who will buy the product.
13. P120
100
80
60
40
20
0
20 40 60 80 100 120
INCREASE IN DEMAND
DECREASE IN DEMAND
• Demand
Shifts of Demand Curve
Lesson2.1 cHAPTER tWO
15. •The Market
•Demand
…The Law of Demand
…Non-Price Determinants of Demand
…Shifts of Demand Curve
•Supply
…The Law of Supply
…Non-Price Determinants of Supply
…Shifts of Supply Curve
Basic Principles of
DEMAND & SUPPLY
Lesson 2.1
Application ofDemandandSupply
Demand and Supply in Relation to the
PRICE OF BASIC COMMODITIES
Lesson 2.2
•Market Equilibrium
•Application of Demand and Supply in
Relation to Housing Shortage
ELASTICITY of
Demand and Supply
Lesson 2.3
•Elasticity of Demand
…Price Elasticity of demand
…Income Elasticity of Demand
…Cross Price Elasticity of Demand
•Price Elasticity of Supply
cHAPTER tWO
16. Lesson2.1 cHAPTER tWO
-Refers to the quantity fi goods
that a seller is willing to offer for
sale.
- Supply is a
fundamental economic concept
that describes the total amount
of a specific good or service that
is available to consumers.
Supply can relate to the amount
available at a specific price or the
amount available across a range
of prices.
• Supply
Price D
Supply
Schedule of
Rice
4 71 25
6 65 35
8 59 45
10 55 55
12 54 65
14 53 75
16 52 85
17. Lesson2.1 cHAPTER tWO
-Refers to the quantity fi goods
that a seller is willing to offer for
sale.
• Supply
Price D
Supply
Schedule of
Rice
4 71 25
6 65 35
8 59 45
10 55 55
12 54 65
14 53 75
16 52 85
-As the price increases, the
quantity supplied of that product
also increases.
*the high price of the good
serves as motivation for the
seller to offer more for sale.
• Law of Supply
18. Lesson2.1 cHAPTER tWO
-Refers to the quantity fi goods
that a seller is willing to offer for
sale.
• Supply
-As the price increases, the
quantity supplied of that product
also increases.
*the high price of the good
serves as motivation for the
seller to offer more for sale.
• Law of Supply
• Cost of Production
• Technology
• Availability of Raw Materials
--------------------------------------------
• Price of Resources
• Number of Producers
• Technology
• Taxes
• Expectations
• Non Price Determinants of Supply
DS= f ( P, C T, A, R ),
19. •The Market
•Demand
…The Law of Demand
…Non-Piece Determinants of Demand
…Shits of Demand Curve
•Supply
…The Law of Supply
…Non-Piece Determinants of Supply
…Shits of Supply Curve
Basic Principles of
DEMAND & SUPPLY
Lesson 2.1
Application ofDemandandSupply
Demand and Supply in Relation to the
PRICE OF BASIC COMMODITIES
Lesson 2.2
•Market Equilibrium
•Application of Demand and Supply in
Relation to Housing Shortage
ELASTICITY of
Demand and Supply
Lesson 2.3
•Elasticity of Demand
…Price Elasticity of demand
…Income Elasticity of Demand
…Cross Price Elasticity of Demand
•Price Elasticity of Supply
cHAPTER tWO
•The Market
•Demand
…The Law of Demand
…Non-Price Determinants of Demand
…Shifts of Demand Curve
•Supply
…The Law of Supply
…Non-Price Determinants of Supply
…Shits of Supply Curve
Basic Principles of
DEMAND & SUPPLY
Lesson 2.1
20. •Market Equilibrium
-A state of balance when demand is equal to supply.
-The quantity that sellers are willing to sell is also the quantity that buyers are
willing to buy for a price.
-Is an implicit agreement between how much buyers and sellers are willing
to transact.
-The price at which demand and supply are equal is the equilibrium price.
- This is how most commodities in the market are priced by their producers
or sellers.
Demand and Supply in Relation to the Prices of Basic
Commodities
Lesson 2.2
Application ofDemandandSupply
cHAPTER tWOLesson2.2
21. Demand and Supply in Relation to the Prices of Basic
Commodities
Lesson 2.2
Application ofDemandandSupply
cHAPTER tWOLesson2.2
D
S
120 –
-
100 –
-
80 –
-
60 –
-
50 –
40 –
-
20 –
-
0 ʹ 20 40 50 60 80 100 120
SHORTAGE
Editor's Notes
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.
It is logical for people to..
Demand of a certain type of good changes during different seasons of the year.