SHS UCSP Topic (4th Quarter)

1. Economic
Institutions

2. If you have been given
something, is it expected for
you to return the favour?
Why or Why Not?

3. •Institutions are basically durable systems
of established and embedded social rules
that create a social structure for social
interactions (Hodgson, 2001).
•Are the formal and informal rules that
organize the economic flow and activity of
a society (Kelly, 2012).

5. Reciprocity is a form
of gift exchange
between two parties
wherein return is
expected after
product or gift giving
(Parry, 1986).

6. TRANSFER PAYMENTS
Are payments that are made without any good
or service being received in return (Bishop,
2012)

8. REDISTRIBUTION

9. •It is the act of
the
government to
distribute
income from
the wealthy
businesses and
citizens to the
less wealthy
(Mares, 2014).

11. MARKET TRANSACTIONS: PURCHASES
Buyer and seller
interact with
one another to
exchange
goods for an
amount of
money (Arcinas
& Mactal, 2016).

12. •Loans are money
advanced to a
business with an
interest charge that
must be paid and
returned at some
point in the future
(Peavler, n.d.)
MARKET TRANSACTIONS: LOANS

13. MARKET TRANSACTIONS:
•Type of loan that
was created for
purchasers to be
able to make
homeownership
more attainable
(Amadeo, n.d.)
LOANS (MORTGAGE)

14. MARKET TRANSACTIONS: BANK ACCOUNTS

15. MARKET & STATE

16. MARKET
•A system of private ownership and enterprise
that acts based on their own private and self-
interest (Schmalensee, 2013).
•The governing body of the society (Arcinas &
Mactal, 2016).
STATE

17. MARKET & STATE

18. A good Government should……

19. 1. On a macro or bigger
scale, how can you see the
power and influence of the
economic institutions?

20. Assignment:
•Economic Realization
•Capture a recent economic activity in your
vicinity and make a “HUGOT” out of that
certain scenario.
• Oslo Paper – Deadline (NEXT MEETING) ϋ