Welcome to our lecture and discussion on Economics: Microeconomics & Economic Planning! In this session, we will explore the essential principles of microeconomics, focusing on how individuals, households, and businesses make decisions about resource allocation. We’ll also dive into economic planning, where you’ll learn about the strategies and policies that guide economic development, especially in the context of the Philippines.
This course adopts a problem-based approach, allowing you to apply economic theories to real-world challenges. By analyzing case studies and practical examples from the Philippine economy, you’ll understand how financial decisions impact everyday life, from consumer behavior to government policy-making.
The significance of studying economics within the Philippine context is paramount. It will help you grasp how economic forces shape our society, influence national growth, and affect social welfare. Your insights and questions are vital to enriching our discussion, so I encourage you to actively participate, ask questions, and share your thoughts. Let’s embark on this journey to understand the intricacies of economics and its profound impact on our nation!