Subject: Disciplines and Ideas in the Social Sciences
The disciplines within the
Social Sciences
Prepared by: Ricia Gael S. Guyao
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2
Group Activity:
List down 10 things which you
can’t live without. Present to the
class.
Economics
4
Economics
⬩ Economics is a discipline that concentrates on how a
particular society solves its problem of scarcity of
resources.
⬩ From the Greek words “oikos” meaning "house" and
“nomos” meaning "custom" or "law."
⬩ The term “oikonomia” literally translates as
"management of a household."
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Economists
⬩ Seek to understand people's activities concerning
production, distribution, and consumption of goods and
services.
⬩ They analyze key concepts pertaining to supply and
demand, savings and investments, cost and price,
economic fluctuations, value of work and natural
resources,
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Economists
money as a medium of exchange, banking and finance,
capital and wealth, and the different principles employed
by governing institutions to rationalize their means of
distribution of goods and services.
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Economics asks what goods are
produced, how these goods are
produced, and for whom they are
produced.
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Goals of Economics
Price-level Economic Economic
Stability Security Freedom
Economic Economic Full
Efficiency Growth Employment
Equitable
Balance of Work
Distribution of
Trade Efficiency
Income
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Branches of
Economics
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Microeconomics Macroeconomics
⬩ It is the study of economics at • It is the study of a national
an individual, group or economy as a whole.
company level. • focuses on issues that affect the
⬩ focuses on issues that affect economy as a whole.
individuals and companies.
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15 items Quiz:
Economics
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1. What does oikos means?
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2. What does nomos means?
14
3. What is “Management of a household” in
Greek word?
15
4-6: Give three goal of economics.
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7-8: What are the branches of economics?
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9. They seek to understand people’s activities
concerning production, distribution and
consumption of goods.
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10. Branch of economics that focuses on
issues that affect individuals and companies.
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• 11. focuses on issues that affect the economy
as a whole.
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• 12. General level of price.
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• 13. Total Employment.
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• 14. Expenditures of a certain family.
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• 15. Number of workers employed in a single
firm.
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Answer key
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House
1. What does oikos means?
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Law or custom
2. What does nomos means?
27
oikonomia
3. What is “Management of a household” in
Greek word?
28
4-6: Give three goal of economics.
Price-level Economic Economic
Stability Security Freedom
Economic Economic Full
Efficiency Growth Employment
Equitable
Balance of Work
Distribution of
Trade Efficiency
Income
29
Macroeconomics
Microeconomics
7-8: What are the branches of economics?
30
Economists
9. They seek to understand people’s activities
concerning production, distribution and
consumption of goods.
31
Microeconomics
10. Branch of economics that focuses on
issues that affect individuals and companies.
32
Macroeconomics
• 11. focuses on issues that affect the economy
as a whole.
33
Macroeconomics
• 12. General level of price.
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Macroeconomics
• 13. Total Employment.
35
Microeconomics
• 14. Expenditures of a certain family.
36
Microeconomics
• 15. Number of workers employed in a single
firm.
37
End … 38
Assignment: 1 whole sheet
Search the internet for a significant
event that happened during the day of
your birth.
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