OUTPUT FOR FINALS: MACROECO
I. ANSWER THE FOLLOWING QUESTIONS USING PREZI.COM
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DEADLINE: (5th meeting) – send the link of your work from prezi to my email (erwin_baloaloa@yahoo.com)
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GROUPING: MAXIMUM OF 5-6 MEMBERS PER GROUP (indicate the names of the group members in your work)
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WARNING: PLAGIARISM IS A MAJOR OFFENSE! IT IS CONSIDERED AS CHEATING!
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SCORING: 100/ 100
40/40 – CREATIVITY
60/60 – CONTENTS
CASTS OF “ON THE JOB”:
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Piolo Pascual as Atty. Francis Coronel, Jr.
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Gerald Anderson as Daniel Benitez
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Joel Torre as Mario "Tatang" Maghari
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Joey Marquez as Sgt. Joaquin Acosta
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Michael de Mesa as Cong. Manrique
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Leo Martinez as Gen. Pacheco
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Angel Aquino as Lolet
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Vivian Velez as Thelma
Shaina Magdayao as Nicky Coronel
William Martinez as Rex
Rayver Cruz as Bernabe
Empress Schuck as Tina
JM de Guzman as Boyet, Joaquin's son
Lito Pimentel as Paul
GUIDE QUESTIONS:
1)
Explain how GDP is affected by the following scenarios:
a. Sale of a new car named to Atty. Coronel
b. A separate hour session of Atty. Coronel with Sgt. Acosta and Gen. Pacheco
c. 1000 shares of Gen. Pacheco on San Miguel Corporation
d. Creation of a world class multi-purpose hall and parking building by Cong. Manrique
2) If you were comparing the economic well-being of our country and USA and had a choice of using one of the following
four measures, which one would you choose and why?
a. GDP
b. Real GDP
c. Per capita GDP
d. Per capita real GDP
3) Tatang is laid off. How does he make ends meet until he finds another job? Who is hurt by inflation and who is
helped? In reference to this case, how can you relate the ideas of inflation and recession to the concepts of
unemployment and employment?
4) Suppose income taxes and unemployment compensation were cut by an equal amount, how would aggregate
demand be affected? (Relate your answers to the situations of Tatang, Paul, and Sgt. Acosta)
5) Explain the crowding-in and crowding-out effects. Is there an underlying cause on these effects why Tatang and
Daniel preferred to have their risky jobs? Explain.
6) How could rapid inflation undermine money’s ability to perform each of its three basic jobs? What happens to the
demand of money as (a) price level rises; and (b) the availability of credit rises? (Relate your answers to the situations
of Tatang and Daniel)
7) Select a character from the movie. What percentage of the owner’s money balance does he hold for transactions
purposes, pre-cautionary purposes, and speculative purposes?
8) Discuss the basic determinants of income distribution. What’s the difference between the distribution of income and
the distribution of wealth? (relate your answers to the situations of Tatang, Daniel, Gen. Pacheco, Cong. Manrique,
Sgt. Acosta, and Atty. Coronel)
9) Compare and contrast the conservative and liberal views of poverty. What theory can best explain the cause of
poverty? (relate your answers to the situations of Tatang & Daniel)
10) Make a critique (analysis/assessment) on the following statements mentioned in the book, “Rich Dad, Poor Dad.”
a. The rich don’t work for money. Every rich person has lost money at some point, but many poor people have
never lost a dime. Playing not to lose money means you will never make money. "Winning means being
unafraid to lose."
b. The middle class tend to buy luxuries first. The poor acquire liabilities and think that they are assets.
c. No matter how strong is the idea of taking from the rich, the rich always find ways to outsmart the lower
classes and the government.
d. Is ‘the love for money the root of all evil’ – or is it ‘the lack of money the root of all evil’?
e. Learn to use your emotions to think, not think with your emotions. Fear keeps most people working at a
job. We conform rather than question. Work to learn, don't work to earn.
f. A successful business is like a tree. Businesses do not require your presence. If you work there, it is not a
business but a job. Profits are made when you buy, not when you sell.
g. In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way
humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never
fell down, we would never walk. We only memorize historical dates and names, not the lesson. Financial IQ
requires four broad areas of expertise: Accounting, Investing, Understanding the Market, and
Understanding the Law.
h. Always pay your bills. Just pay yourself first, not last. If you pay yourself last, you would feel no pressure,
but you would probably not come up with new sources of income either.
i.
I find so many people struggling, often working harder, simply because they cling to old ideas. They want
things to be the way they were; they resist change.
j.
Describe the cash flow pattern of a wealthy person. What makes it different from the cash flows of the
middle class and poor people?
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