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Disciplines and Ideas in The Social Sciences

The document discusses several social science disciplines and concepts, including microeconomics which studies individual decisions about resources and prices, macroeconomics which examines whole economies, and that economics involves addressing questions about what, how much, and for whom to produce given the problem of scarcity where resources are limited, requiring choices that involve trade-offs and opportunity costs.

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Aurea Rueda
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281 views20 pages

Disciplines and Ideas in The Social Sciences

The document discusses several social science disciplines and concepts, including microeconomics which studies individual decisions about resources and prices, macroeconomics which examines whole economies, and that economics involves addressing questions about what, how much, and for whom to produce given the problem of scarcity where resources are limited, requiring choices that involve trade-offs and opportunity costs.

Uploaded by

Aurea Rueda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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DISCIPLINES AND IDEAS

IN THE SOCIAL SCIENCES


List down 10 things which you can’t live
without.
ECONOMICS

How individuals and


societies make decisions
MICRO-ECONOMICS

Studies the decisions made by individual and


business concerning the distribution of
resources and prices of goods
MACRO-ECONOMICS

Studies the behavior of the


whole economy.
ECONOMIC QUESTIONS

• WHAT to produce (make)


• HOW MUCH to produce (quantity)
• HOW to Produce it (manufacture)
• FOR WHOM to Produce (who gets what)
WHAT ARE RESOURCES?

The things used to make other goods


PROBLEM:

SCARCITY: Limited resources


CHOICES, CHOICES, CHOICES!
WANTS AND NEEDS,
NEEDS AND WANTS
NEEDS- “stuff” we must have to survive

• Food
• Water
• Clothing
WANTS AND NEEDS,
NEEDS AND WANTS
WANTS- “stuff” we would really like to have

• Jewelry
• Big TV
• Cosmetics
TRADE-OFFS

These decisions involve picking one thing over


all the other possibilities
OPPORTUNITY COST

• A special kind of Trade-Off


• The Value of the Next Best Choice
OPPORTUNITY COST

This can be in time, energy, or even MONEY


GROUP ACTIVITY:

Divide the class into 6 groups and choose a


leader.
Short Play topic: “My Needs and My Wants.”
Duration: Not less than 2 minutes

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