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Economic Institutions

   a.  Reciprocity

   b.  Transfers

   c.  Redistribution

   d.  Market Transactions

   e.  Market and state

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Content Standard:

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The learners demonstrate an understanding of:

  

  1. Cultural, social, and political institutions as sets of norms and patterns of behavior that relate to major social interests

  2. Social stratification as the ranking of individuals according to wealth, power, and prestige

  3. Social and political inequalities as features of societies and the global community

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Learning Competency:

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  • Describe the economic institution

  • Analyze the economic institution and its impacts on the lives of people in society

1 - MOTIVATION

Short explanation on how to use these e learning materials:

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Materials are to discuss the importance of studying economics in our society. Moreover, students will raise awareness and motivation of studying economics as part of the social sciences. Students also are expected to have a background or basic knowledge on what is the impact of studying economics in relation to the society.

E-learning Tools or Resources

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Economy and Society

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The Importance of Economics

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Importance of Study of Economics

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Economic Classroom Experiments

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Economics Intro Quiz

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Economics In Everyday Life

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Material Girl by Madonna

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What is Economics?  

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Watch: Wolf of Wallstreet

2 - STARTING ACTIVITIES

Short explanation on how to use these e learning materials:

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E-learning materials are used to discuss different theories concerning economics and sociology. Both fields are important to explain how people interact when it comes to market relations. Students are expected to learn from these theories and apply it in real life situations.

E-learning Tools or Resources

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Economics – Major Theories

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Economic Theory Blog

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Economic Schools of Thought: Crash Course Economics #14

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Class Privilege Exercise

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Foundations of Economics

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Classical theory of economics

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Adam Smith Invisible Hand

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Billionaire by Travie Mccoy ft. Bruno Mars

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Watch: How Capitalism is Killing Itself

3- LESSON PROPER

 

Short explanation on how to use these e learning materials:

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E-learning materials focus on discussing and describing economic institutions. Using these materials, students are expected to analyze the economic institution and its impacts on the lives of people in the society. Also, concepts such as reciprocity, transfer, redistribution, loans, and etc. are to be discussed in the lesson proper.

E-learning Tools or Resources

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Economic Institutions

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Institutions matter, a lot

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Things Economics Institutions Tell Me.

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Baby Egg

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Economic Institutions Video and Quiz

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Economic institution

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I’ve been told I don’t understand economics,…

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Tatsulok by Bamboo

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Watch: What is Economics? Definitions and Types

4- LEARNING PERFORMANCE

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Short explanation on how to use these e learning materials:

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Materials are focused on the application of economic institutions in the modern world. It discusses some social issues and constructs when it comes to the processes and system of certain economic institutions around the world.

E-learning Tools or Resources

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Global economy: A brief introduction to the institutional framework of the modern global economy

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Institutional economics Glorious revolutions and their discontents

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Douglas North – Effect of Institutions on Market Performance at FCC

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Financial Responsibility Classroom Activity

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Economics Final Exam Quiz

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Major Economic Institutions and Systems

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Free education, free education everywhere meme

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Economy of Mercy by Switchfoot

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Watch: Wall street: Money Never Sleeps

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