The Economic Dimension of Education
Socio-Economic Dimension of EducationA Report by Rizza M. De
MesaMAED Administration and Supervision Prayer
Objectives:To inform students of the technical assumptions of
the field which include processes of production, distribution and
consumption of goods.Make students appreciate economic thinkers,
their ideas and how they came to reflect on economic phenomena.
Enable students to detect individual or syndicated activities
that undermine and/or sabotage the national economy and exploit the
poor sectors.To enhance the students economic opportunities, and
contribute to the economic sustainability of the state or society
through tax payment and productive activity.
Be able to apply social values in the social values portfolio to
the economic dimension of social studies in view of upholding its
integrity and material continuity.
The Discipline of Economics:Its Social Quality and Importance in
Education
Provides the material underpinnings of social life.This is where
its enabling and sustaining powers are the subject of competitive
endeavours and hostile conflict among tribes, kingdoms and nations
at all times.Economic Dimension of Social Science
At this period the field of economics gained attention wherein
much of the writings done center on the technical part of the
field.18th Century in England Economic ThinkerAdam SmithProfile:
1723-1790From KirkaldyPublished a book An Inquiry into the Nature
and Causes of the Wealth of NationsFounder of Modern Economics.Adam
SmithIn his book, He explains why government should not regulate
businessSelf-interest improves the economic condition of society
through their individual initiatives.
Human LifeFulfillmentWorkSustainabilityAs a social being, human
have not only intuited but also practically and philosophically
thought of the need to work for ones food, shelter, and clothing
without resorting to stealing, grabbing or cheating on others for
their acquisition.
The social science concerned with the efficient use of limited
or scarce resources to achieve maximum satisfaction of human
material wants. What is Economics?Way in which a nation uses its
resources to satisfy its peoples needs and wants.Economic
SystemsAnswer 3 Basic Economic Questions
Command SystemThe Technical Aspect of EconomicsEconomics is the
field of study which inquires into the sources, methods, effects
and possibilities of production, distribution, consumption and
expansion of goods in society. It is necessary to know the concepts
of supply, demand, price, market, labor and capital, profit, income
and the scarcity and abundance of economic goods.The Circular Flow
ModelGovernmentIndividualsBusinessResource MarketProduct
Marketgoods & servicesgoods &
servicesspendingrevenueresourcesResourcesL.L.C.E.costsincomeSUPPLYDEMANDDEMANDSUPPLYgoods
& servicesspendingresourcesspendingTAXESCORPORATE TAXESTRANSFER
PAYMENTSSUBSIDIESgoods & servicesgoods &
servicesinvestmentconsumersXnThe Technical Aspect of EconomicsThe
physical nature of man needs material sustenance for existence.
He/ She must work to acquire the goods and nurturance and to
acquire property for sustainability.
But the lone individual is insufficient by himself/herself,
he/she needs others to bring about all that he needs for
existence.
Exploitations arise....caused by unregulated self-interest.
Causes of UnderdevelopmentGovernment should impose economic
measure to avail the common good of individual beneficiaries in the
social group.22The Social Aspect of EconomicsIs the kind of inquiry
where the actual material or non-material needs of human beings are
produced, distributed for commerce and consumption, and managed in
view of benefiting the community /society as a whole.The Social
Aspect of EconomicsThe pursuit of personal good must not only be in
consonance with ones fair and natural interest but also enhance the
promotion and enjoyment of the common good of the people.Socialist
Perspective in Economic HistoryThere are economic thinkers who
contributed a number of guiding principles that formed
Socio-economic Perspective.16th Century EnglandThe moral purpose of
the community is to produce good citizens with intellectual and
moral freedom, to supply the physical needs of all without
excessive labour, to abolish luxury and waste to mitigate both
poverty and wealth, and to minimize greed and extortion.Mores Ideal
Community UTOPIA
Thomas MoreBusinessman-philanthropists who founded a model of
ideal communities.Utopian SocialistRobert Owen of EnglandCharles
Fourier (1772-1825)Claude de Saint Simon (1760-1825)Pierre Joseph
Proudhon (1809-1865)Louis Blanc (1811-1882)Scientific
SocialistsKarl MarxEngels of Germany
Robert Owen (1771-1858)Industrial CommunityDecent homes &
free schools, higher wages, reconciliation among social classes
Claude de Saint Simon (1760-1825)Noble and soldiers should be
excluded and government should be put in the hands of manufacturers
and bankers
Louis Blanc (1811-1882)It is the states duty to help the workers
hold social workshops that provide good working conditions and fair
wages
Charles FourierOrganized working groups whose work was made to
fit the natural interests of its membersKarl Marx (1818-1883)
Founded the politico-economic form of social organization called
Socialism and Communism
From every social class conflictcapitalists and laborers, rulers
and subjects there is always the exploiter and the exploited.The
proletariat, instead of rising with the progress of industry, sinks
even deeper beneath the social conditions of its own class.Revealed
the surplus value of labor.(the profit continually adds on the
capitalists share w/o any portion given to the laborers-an outright
exploitationJohn Stuart Mill (1863) A positive socio-economic
reputation entails that the injustices of a capitalist society lies
in distributing the product of labor almost in an inverse ratio to
the labor.The Welfare Economics PerspectiveVilfredo Pareto
(1848-1923)Formulated the meaning of social welfare in
economics.The improvement of an individuals welfare is realized if
and only if, at least one individuals welfare has improved, and no
ones welfare has correspondingly decreased.
The Welfare Economics PerspectiveJohn Rawls (1921-2002)Maximin
PrincipleRefers to the application or exercise of social justice in
situation of inequalities in social status, educational l evel, or
cultural achievements.
He advanced his theory of justice which provides for the
maximinization of social benefits for the poor and economically
underprivileged through government subsidies, equitable measures,
tax reforms, and privileges in availing public services.
Two Principles of Justiceformulated as a solution to the problem
of social injustice.Each person is to have an equal right to the
most basic liberty as the others have.
Unequal distribution of goods will be reasonably made to benefit
in greater terms the most disadvantaged.The Civic and Socialitarian
PerspectiveHelping the poor and the general public
Government provides... subsidies, tax reduction and or
exemptions to its employees and unemployed on a case to case
bases.
The Civic and Socialitarian PerspectiveHelping the poor and the
general public
Private business and successful individuals give.. Social
benefits : medical missions, schoolhouses, playgrounds, waiting
sheds, deep wells, and other community facilities
Summary and Principles learned..1. Because of the bounties of
nature are free for human acquisition, their operation and
distribution require that the rules and laws of justice be in favor
of the more enabling conditions of social peace and harmony among
the takers.
Principles2. The equality and equity in the principle of justice
rule for the good for all in general and for the benefit of the
underprivileged. 3. The best form of government is one whose ruler
does not let poor go hungry for the day and sleep without a mat for
the night.38Recommendation1. A socialist-liberal-democratic form of
government will operate the natural resources for the benefit of
the people and use a regulated form as free enterprise policy or
the people to work on their own resources. 39Recommendations
40Study Activity (Recall)Match the letter of the correct answer
which corresponds to its logical, natural or contingent
relationship with the idea on the right side.Surplus value of
labormaximin principle social utopiaWelfare economicsWealth of
NationsThomas More exploitationAdam SmithJohn RawlsVilfredo
Pareto
Key to correctionSurplus value of labormaximin principle social
utopiaWelfare economicsWealth of NationsThomas More
exploitationAdam SmithJohn RawlsVilfredo Pareto
1. Make some observation in your own community especially to its
socio-economic situation. What are the ideas of the socialist and
welfare economic thinkers that can be validated through your
observation.2. Envision your ideal community, feel free to adopt
the views from the socialist, welfare economic, and liberalist
thinkers.
Apply what you have learned.
ReferencesOrtinero, Aniceta Manuel, Social Dimension of
Education, CE Publishing, 2011Miller, Roger L., Economics Today and
Tomorrow, Macmillan/Mc Graw-Hill,1995Mc Connell Brue,
Macroeconomics, Irwin/ McGraw-HillK to 12 Pre-summit Conference,
December 2011Economic Statistics by Country, 2008
Infoplease.comhttp://www.infoplease.com/world/statistics/economic-statistics-by-country-2010.html#ixzz20mdzSNaphttp://en.wikipedia.org/wiki/Economicshttp://www.youtube.com/watch?v=20CLOVmf5jg&feature=related
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Thank you.
