Author: Deyo Carlos L. Dela Cruz

Welcome to the study of Consumer Rights in the Philippines! In our daily lives, we all engage in various transactions as consumers, whether it be buying goods, availing services, or making financial decisions. As consumers, we have certain rights that protect us and ensure fair treatment in these transactions. Understanding consumer rights is crucial for making informed choices, safeguarding our interests, and promoting a balanced marketplace.

In this module, we will explore the concept of consumer rights and their significance in the Philippine context. We will delve into the legal framework that protects consumers, the key rights granted to individuals, and the mechanisms available for seeking redress in case of grievances. By gaining a comprehensive understanding of consumer rights, you will be equipped with the knowledge and skills necessary to make informed choices and protect yourself as consumers.

Throughout this module, we will engage in interactive activities, case studies, and discussions to deepen our understanding of consumer rights and their practical applications. We will explore real-life scenarios, analyze common consumer issues, and examine how consumer rights are upheld in the Philippines.

By the end of this module, you will have developed a strong awareness of your rights and responsibilities as consumers in the Philippines. You will be able to navigate the marketplace with confidence, make informed decisions, and contribute to the creation of a fair and transparent consumer environment.

| Most Essential Learning Competencies 

  • Defend rights and fulfill the responsibilities of a consumer; and
  • Discuss the role of the government in regulating economic activities.

| Content Standards

By the end of this module, learners are expected to demonstrate an understanding of:

  • The fundamental knowledge of the interplay between supply and demand, and the economic system as bases for decision-making in various levels to achieve national progress.

| Performance Standards

By the end of this module, learners are expected to:

  • Analyze the interplay between supply and demand, and the economic system as bases for decision-making at various levels to achieve national progress.

Lesson 1: Consumer Rights in the Philippines

| Lesson Objectives

At the end of the lesson, the student is able to:

  • Understand the concepts of consumer rights and their importance in the Philippines.
  • Examine the eight consumer rights of the Philippines’ Department of Trade and Industry (DTI).
  • Display the importance of consumer rights in the Philippines as scaffold to students’ daily life situations and realities. 
  • Demonstrate understanding of consumer rights and its importance through individual and group activities.

| Lesson Overview

Consumer rights in the Philippines refer to a set of protections and entitlements granted to individuals who purchase goods or services. These rights are designed to ensure fair treatment, safety, and the satisfaction of consumers in their transactions. It is important for high school students, as future consumers, to understand these rights to make informed decisions and protect themselves in the marketplace. 

This module aims to provide high school students with a comprehensive understanding of consumer rights in the Philippines. It will cover the concept of consumer rights, the laws and regulations that protect consumers, key areas of consumer rights, and practical examples. By the end of this module, students will be equipped with the knowledge and awareness to make informed decisions and assert their rights as consumers.

| Key Concepts

Consumer Rights. In the context of consumer rights, they represent the legally recognized and protected claims that consumers have against businesses and suppliers. Consumer rights aim to ensure fair treatment, safety, information, choice, and redress for consumers in their interactions with businesses.

| Self-Evaluation Form (Part I)

Instructions: Before learning about consumer rights in the Philippines, take a few minutes to evaluate your current understanding of the topic. Rate your knowledge and awareness on a scale of 1 to 5, with 1 being “Very Low” and 5 being “Very High.”

| Sub-Lesson 1: Importance of Consumer Rights in the Philippines

Consumer rights play a vital role in modern societies and economies. The following are some of the importance of consumer rights in the Philippines.

Figure 1. Importance of Consumer Rights in the Philippines

  • Protection from Exploitation. Consumer rights protect individuals from unfair and deceptive practices by businesses. They ensure that consumers are not exploited or taken advantage of in the marketplace. By establishing standards for business conduct, consumer rights help maintain a level playing field and promote fair competition.
  • Empowering Consumers. Consumer rights empower individuals by giving them the knowledge, tools, and legal protection necessary to make informed choices. When consumers are aware of their rights, they can confidently engage in transactions, assert their interests, and hold businesses accountable for their actions.
  • Safety and Quality Assurance. Consumer rights, particularly the right to safety, ensure that products and services meet certain quality and safety standards. They hold businesses responsible for providing safe and reliable goods and services, thereby safeguarding consumers from potential harm.
  • Redress and Dispute Resolution. Consumer rights provide mechanisms for addressing grievances and obtaining redress in cases of faulty products, poor services, or unfair treatment. They enable consumers to seek compensation, refunds, repairs, or replacements for substandard or defective goods and services.
  • Consumer Education and Empowerment. Consumer rights promote consumer education initiatives that enhance awareness and knowledge about consumer rights, responsibilities, and best practices. Educated consumers are better equipped to make informed choices, protect their interests, and contribute to a more efficient and competitive marketplace.
  • Market Efficiency and Fair Competition. Consumer rights foster a healthy and competitive business environment. When consumers have the freedom to choose from a variety of products and services at fair prices, businesses are encouraged to innovate, improve quality, and offer better value to attract and retain customers.
  • Policy and Regulatory Framework. Consumer rights serve as the foundation for developing policies, regulations, and standards that govern business conduct and protect consumer interests. They guide lawmakers and regulatory bodies in creating a legal framework that balances the needs of consumers and businesses.

| Sub-Lesson 2: Laws and Regulations for Consumer Protection

In the Philippines, the Department of Trade and Industry (DTI) is responsible for protecting and promoting consumer rights. The DTI has established eight fundamental consumer rights that aim to ensure fair business practices and safeguard the interests of consumers. These rights are outlined in the Consumer Act of the Philippines (Republic Act No. 7394).

  1. Right to Basic Needs. Consumers have the right to access essential goods and services necessary for their basic needs, such as food, clothing, shelter, healthcare, education, and public utilities. Businesses should provide products that meet basic quality standards and ensure their availability at fair prices.
  2. Right to Safety. Consumers have the right to be protected against goods and services that may pose a threat to their health and safety. Businesses are responsible for ensuring the safety of their products and providing clear instructions on proper usage, handling, and potential risks.
  3. Right to Information. Consumers have the right to obtain accurate and truthful information about products and services. Businesses should provide clear and complete details regarding prices, ingredients, quality, warranties, and other relevant information to help consumers make informed decisions.
  4. Right to Choose. Consumers have the right to choose from a variety of products and services at competitive prices. Businesses should not engage in anti-competitive practices that restrict consumer choice or manipulate prices unfairly.
  5. Right to Representation. Consumers have the right to be represented in matters affecting their interests. Consumer organizations play a vital role in representing consumer rights and interests and can actively participate in policy-making processes and advocacy initiatives.
  6. Right to Redress. Consumers have the right to seek redress for faulty or substandard goods and unsatisfactory services. Businesses should have accessible and efficient complaint handling mechanisms, including warranties, return policies, and refund options, to address consumer grievances.
  7. Right to Consumer Education. The government and businesses should promote consumer awareness and provide educational programs to enhance consumer knowledge and protection.
  8. Right to a Healthy Environment. Consumers have the right to live in a clean, healthy, and sustainable environment. Businesses should adopt environmentally friendly practices and adhere to regulations to minimize pollution, waste generation, and other activities that may harm the environment.

Consumer rights in the Philippines are protected by various laws and regulations. Here are some of the key legal bases that establish and uphold consumer rights in the country:

  1. Republic Act No. 7394, or the “Consumer Act of the Philippines”. This law serves as the primary legislation protecting consumer rights in the country. It provides a comprehensive framework for consumer protection, covering various aspects such as product standards, unfair trade practices, warranties, product labeling, and consumer education.
  2. Republic Act No. 7392, or the “Price Act”. This law aims to prevent unfair pricing practices and ensure that consumers are not subjected to exorbitant prices. It prohibits price manipulation, hoarding, and other acts that artificially inflate prices..
  3. Republic Act No. 9711, or the “Food and Drug Administration Act of 2009”. This law establishes the Food and Drug Administration (FDA) as the regulatory agency responsible for ensuring the safety, efficacy, and quality of food, drugs, and cosmetics in the Philippines.
  4. Republic Act No. 7393, or the “Consumer Act on Product Standards and Labeling”. This law mandates the establishment and enforcement of product standards to protect consumers from substandard or unsafe products.
  5. Republic Act No. 8484, or the “Access Devices Regulation Act of 1998”. This law addresses fraudulent practices related to credit cards, debit cards, and other access devices. 

 

 

 

List of Activities

| Synchronous Activities

Activity 1: Case Study on Online Shopping Dispute

 

Instructions: Answer the questions as comprehensive as you can. You can use graphic organizers such as tables and figures to facilitate your discussion.

 

Scenario:Lander, a high school student, ordered a new smartphone from an online retailer in the Philippines. He carefully reviewed the product description and placed the order, expecting to receive the exact item as advertised. However, when the package arrived, Lander discovered that the smartphone was a different model with fewer features than what was described online. Disappointed and feeling misled, Lander wants to assert his consumer rights and seek a resolution to the issue.

 

As a participant in the synchronous activity, analyze the case study and discuss the consumer rights that are applicable to Lander’s situation. Consider the following questions:

 

  1. Which specific consumer rights are being violated in this case? Explain how each right applies to Lander’s situation.
  2. Discuss the role of government agencies or consumer protection organizations that Lander can reach out to for assistance.
  3. Reflecting on this case, what lessons can be learned about the importance of consumer rights and the need for informed decision-making in online shopping?
  • Note that the test stage is not required given that this is a classroom exercise only. However, the outputs can also be pitched to school or barangay officials if given the opportunity.
  • The rubric for written output below may be used as reference, or may be modified accordingly.

 

| Asynchronous Activities

Activity 1: Video Analysis on Consumer Rights

 

Instructions: Engage students in independent research and analysis of consumer rights in the Philippines through the use of videos available on YouTube.

1. Provide a list of YouTube videos related to consumer rights in the Philippines. Select videos that cover different aspects of consumer rights, such as explanations of rights, real-life case studies, or consumer advocacy initiatives.

a. “Consumer PH in a Nutshell: Consumer Rights and Responsibilities” by Department of Trade and Industry – https://www.youtube.com/watch?v=YnS0IP2O9Ps

b. “Consumer PH in a Nutshell: Deceptive, Unfair, and Unconscionable Sales Act and Practices” by Department of Trade and Industry – https://www.youtube.com/watch?v=NI8JPyQH4EE

 

2. nstruct students to watch at least one video from the provided list. Encourage them to take notes while watching and to pay attention to key concepts, examples, and insights related to consumer rights.

3. After watching the video, ask students to reflect on their learning by responding to the following questions:

a. What are the main points discussed in the video?

b. Can you identify any real-life examples or case studies presented in the video that demonstrate consumer rights violations or protection?

c. How do the concepts and insights presented in the video align with your prior understanding of consumer rights in the Philippines?

4. Encourage students to share their reflections in an online discussion forum or through a shared document. This will allow them to engage in asynchronous discussions, read and respond to each other’s reflections, and learn from different perspectives and insights.

| Self-Paced Learning (Optional Activities)

Activity 1: Independent Study

 

Instructions: Send us your feedback on this Module in the form of a short answer response. Short Answer Response = One Thesis Statement + one form of support + closing statement. (SAR= TS + S + CS)

 

1.Which part of the module did you find easy to do? Why?

____________________________________________________

2. Which part of the module did you find difficult or challenging? Why?

____________________________________________________

3. How do you feel about becoming a flexible education student after going through this module? Please elaborate/explain.

____________________________________________________

Self-Evaluation Form (Part II)

Instructions: Before learning about consumer rights in the Philippines, take a few minutes to evaluate your current understanding of the topic. Rate your knowledge and awareness on a scale of 1 to 5, with 1 being “Very Low” and 5 being “Very High.”

 

Self-Evaluation Questions 5 4 3 2 1
  1. How well do you now understand the concept of consumer rights?
  1. Can you now identify and explain specific laws or regulations that protect consumer rights in the Philippines?
  1. Are you now aware of the key areas in which consumer rights are applicable?
  1. Can you provide examples of situations where consumer rights might come into play, considering the information you have learned?
  1. Do you feel more confident in making informed decisions as a consumer, considering your increased understanding of consumer rights?
  1. Has your awareness of consumer rights helped you recognize any past issues or challenges you may have faced as a consumer?

Lesson 2: Economic Policies in the Philippines

Part 2: Economic Policies in the Philippines

Welcome to the study of Economic Policies in the Philippines! As high school students, you play a crucial role in shaping the future of our country, and understanding the economic landscape is essential in making informed decisions and contributing to its growth and development. Economic policies are the strategies and measures implemented by the government to regulate and stimulate economic activity, ensure stability, and improve the overall well-being of the population.

In this course, we will explore the economic policies in the Philippines, examining the key strategies and actions taken by the government to address various economic challenges and promote sustainable growth. We will delve into fiscal policy and monetary policy. By studying these policies, you will gain insights into how they shape our economy, influence businesses, and impact the lives of individuals.

Throughout this course, we will engage in interactive activities, discussions, and case studies to deepen our understanding of economic policies and their implications. We will explore real-life examples, analyze the successes and challenges of these policies, and evaluate their effectiveness in achieving their objectives.

By the end of this course, you will have developed a strong foundation in understanding the economic policies in the Philippines. You will be able to critically analyze economic issues, appreciate the interconnectedness of various policies, and make informed judgments about their impact on society. Moreover, you will gain insights into the role you can play as active and responsible citizens in shaping economic policies for a better future.

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| Most Essential Learning Competencies 

  • Analyze the purpose and processes of Fiscal Policy of the Philippines; and
  • Analyze the purpose and processes of Monetary Policy of the Philippines.

| Content Standards

By the end of this module, learners are expected to demonstrate an understanding of:

  • The foundational knowledge of the national economy as a part of improving the lives of fellow citizens towards social progress and national development.

| Performance Standards

By the end of this module, learners are expected to:

  • Propose advocacy on how foundational knowledge on the national economy can improve the lives of fellow citizens towards social progress and national development.

| Lesson Objectives

At the end of the lesson, the student is able to:

  • Define economic policies and their importance in the context of the Philippines.
  • Identify and explain specific economic policies implemented in the Philippines.
  • Understand the objectives and strategies of fiscal policy and monetary policy in the Philippines.
  • Analyze the impact of economic policies on various stakeholders and the overall economy.
  • Develop critical thinking skills to assess the effectiveness and challenges of economic policies.

| Lesson Overview

Economic policies play a crucial role in shaping the economic landscape of a country. They are the strategies and measures implemented by the government to regulate and stimulate economic activity, address economic challenges, and promote sustainable growth. These policies provide a framework for managing various aspects of the economy, including fiscal matters, monetary matters, trade and investment, industrial development, infrastructure, social welfare, and environmental sustainability.

This module aims to provide high school students with a comprehensive understanding of economic policies in the Philippines. It will cover various aspects of economic policies, including fiscal policy, monetary policy, trade and investment policy, industrial policy, infrastructure development policy, social development policy, and environmental and sustainable development policy. By the end of this module, students will have a solid foundation in understanding the key economic policies implemented in the Philippines and their impact on the country’s economy.

| Key Concepts

  • Economic Policies. Economic policies refer to the strategies and measures implemented by the government to influence and regulate the overall economic activity in a country. These policies aim to achieve specific economic objectives, such as promoting economic growth, stability, and sustainability.
  • Fiscal. Fiscal refers to matters related to government revenue, expenditures, and debt management. Fiscal policy involves the use of taxation, government spending, and borrowing to influence the economy. It focuses on how the government collects and allocates funds to achieve economic goals and ensure fiscal responsibility.
  • Monetary. Monetary pertains to matters related to money supply, interest rates, and financial stability. Monetary policy is the management of the money supply and interest rates by the central bank to control inflation, stabilize prices, and maintain a sound financial system. It influences borrowing costs, investment decisions, and overall economic activity.

Central Bank. A central bank is the apex monetary authority of a country responsible for managing the nation’s money supply, formulating and implementing monetary policy, and maintaining financial stability. It acts as the banker and lender of last resort to commercial banks and plays a crucial role in regulating the banking system and ensuring the smooth functioning of the economy.

| Self-Evaluation Form (Part I)

Instructions: Before learning about economic policies in the Philippines, take a few minutes to evaluate your current understanding of the topic. Rate your knowledge and awareness on a scale of 1 to 5, with 1 being “Very Low” and 5 being “Very High.”

Self-Evaluation Questions54321
How familiar are you with the concept of economic policies?
Can you name any specific economic policies in the Philippines?
Do you understand the role of fiscal policy in regulating the economy?
Are you aware of the functions and responsibilities of the central bank in implementing monetary policy?
Do you have a basic understanding of trade and investment policies and their impact on the country’s economy?
Have you ever studied or discussed infrastructure development policies and their importance for economic growth?

| Sub-Lesson 1: Basic Concepts, Roles, and Importance of Economic Policies in the Philippines

Consumer rights play a vital role in modern societies and economies. The following are some of the importance of consumer rights in the Philippines.

 

Economic Policies Defined

Economic policies refer to the actions, strategies, and measures implemented by governments to influence and regulate the overall economic activity within a country. These policies are designed to address economic challenges, stimulate economic growth, ensure stability, and promote the well-being of the population. Economic policies encompass a wide range of areas, including fiscal policy, monetary policy, trade and investment policy, industrial policy, infrastructure development policy, social development policy, and environmental and sustainable development policy.

 

Roles of Economic Policies in the Philippines

  • Economic Growth. Economic policies aim to promote sustainable and inclusive economic growth by increasing productivity, creating employment opportunities, and fostering innovation and entrepreneurship.
  • Stability. Economic policies seek to maintain macroeconomic stability by managing inflation, stabilizing exchange rates, and ensuring financial stability. This helps to create a favorable environment for businesses, investments, and overall economic activities.
  • Equitable Distribution of Resources. Economic policies strive to reduce income inequality and promote a more equitable distribution of wealth and opportunities within society. This includes measures to address poverty, improve access to education and healthcare, and provide social safety nets.
  • International Competitiveness. Economic policies focus on enhancing a country’s competitiveness in the global market by promoting trade, attracting investments, and fostering a conducive business environment. This helps to create jobs, generate foreign exchange, and stimulate economic growth.
  • Environmental Sustainability. Economic policies increasingly emphasize the importance of sustainable development, aiming to balance economic growth with environmental conservation. These policies encourage responsible resource management, energy efficiency, and the adoption of clean technologies.

 

Importance of Economic Policies in the Philippines

Economic policies play a vital role in shaping the economic landscape of a country. Here are some key reasons why economic policies are important. Economic policies are essential for managing economic challenges, promoting stability, and fostering sustainable development. They serve as a roadmap for governments to guide their actions, ensure efficient resource allocation, and create an environment conducive to economic growth and social welfare. Understanding and formulating effective economic policies are vital for governments, businesses, and individuals in shaping the economic well-being and future prospects of a country.

Figure 2. Importance of Economic Policies in the Philippines

  1. Economic Stability. Well-designed economic policies help maintain stability and reduce economic fluctuations, such as inflation, recession, and financial crises. They provide a framework for managing economic risks and promoting steady and sustainable growth.
  2. Allocation of Resources. Economic policies guide the allocation of resources within the economy, ensuring that they are utilized efficiently and effectively. This helps to maximize productivity, promote investment, and enhance overall economic performance.
  3. Social Welfare. Economic policies aim to improve the living standards of the population, reduce poverty, and address social disparities. They provide mechanisms to ensure access to basic necessities, education, healthcare, and social protection for the most vulnerable members of society.
  4. Business Environment: Economic policies create a favorable environment for businesses to thrive. They establish regulations, incentives, and support mechanisms that encourage entrepreneurship, attract investments, and foster innovation, leading to job creation and economic prosperity.
  5. National Development. Economic policies are instrumental in driving national development and achieving long-term socioeconomic goals. They guide the allocation of public resources, prioritize infrastructure development, and promote sustainable economic growth that benefits the entire nation.

 

| Sub-Lesson 2: Overview of Economic Policies in the Philippines

Fiscal Policy

Fiscal policy refers to the government’s use of taxation, government spending, and borrowing to influence the overall economy. In the Philippines, fiscal policy plays a critical role in managing government finances, promoting economic growth, and ensuring sustainable development. The government utilizes fiscal policy tools to address various economic challenges, such as inflation, unemployment, and income inequality.

Government Revenue. The Philippine government generates revenue through various sources, including taxes (such as income tax, value-added tax, and corporate tax), non-tax revenues (such as fees and charges), and grants and donations. The collection of government revenue is crucial for financing public expenditures and meeting the country’s financial obligations.

 

Government Expenditure. Government spending includes both recurrent and capital expenditures. Recurrent expenditures cover the costs of public services, such as salaries of government employees, social services, education, healthcare, and public infrastructure maintenance. Capital expenditures focus on investments in physical infrastructure, such as roads, bridges, schools, hospitals, and other development projects.

Budget Deficit and Surplus. The fiscal policy also determines whether there is a budget deficit (when government spending exceeds revenue) or a budget surplus (when revenue exceeds spending). In cases of deficits, the government may resort to borrowing or debt financing to bridge the gap. Conversely, budget surpluses can be used to repay debt, build reserves, or fund future expenditures.

 

Objectives of Fiscal Policy in the Philippines

  1. Economic Stability. Fiscal policy aims to maintain macroeconomic stability by ensuring a balance between government revenue and expenditure. It helps control inflation, manage the money supply, and stabilize the overall economy.
  2. Sustainable Economic Growth. Fiscal policy supports economic growth by allocating resources to priority sectors and promoting investments in infrastructure and human capital. This encourages productivity, job creation, and overall economic development.
  3. Social Welfare. The fiscal policy in the Philippines has a strong emphasis on social welfare. It allocates resources to sectors such as education, healthcare, social protection, and poverty alleviation programs to improve the well-being of the population and reduce income inequality.
  4. Fiscal Sustainability. The government strives to maintain fiscal sustainability by managing public debt, ensuring efficient use of resources, and maintaining a healthy fiscal position. This promotes long-term economic stability and prevents excessive borrowing that could burden future generations.

 

Objectives of Fiscal Policy in the Philippines

  1. Economic Stability. Fiscal policy aims to maintain macroeconomic stability by ensuring a balance between government revenue and expenditure. It helps control inflation, manage the money supply, and stabilize the overall economy.
  2. Sustainable Economic Growth. Fiscal policy supports economic growth by allocating resources to priority sectors and promoting investments in infrastructure and human capital. This encourages productivity, job creation, and overall economic development.
  3. Social Welfare. The fiscal policy in the Philippines has a strong emphasis on social welfare. It allocates resources to sectors such as education, healthcare, social protection, and poverty alleviation programs to improve the well-being of the population and reduce income inequality.
  4. Fiscal Sustainability. The government strives to maintain fiscal sustainability by managing public debt, ensuring efficient use of resources, and maintaining a healthy fiscal position. This promotes long-term economic stability and prevents excessive borrowing that could burden future generations.

Figure 4.  Key Components of Monetary Policy

Money Supply. The BSP monitors and controls the money supply in the Philippines to maintain price stability and manage inflation. It uses various tools, such as open market operations, reserve requirements, and the discount rate, to influence the amount of money circulating in the economy.

Interest Rates. The BSP sets and adjusts interest rates to manage borrowing costs, encourage or discourage lending and investment, and influence overall economic activity. Key interest rates include the policy rate (overnight borrowing rate), reserve requirement rates, and lending rates to banks and financial institutions.

Financial Stability. The BSP plays a critical role in ensuring the stability and soundness of the financial system in the Philippines. It monitors banks and financial institutions, regulates their operations, and implements measures to prevent financial crises and protect depositors’ interests.

 

Objectives of Monetary Policy in the Philippines

  1. Price Stability. One of the primary objectives of monetary policy is to maintain price stability by managing inflation. The BSP sets an inflation target range and adjusts monetary policy tools to control inflationary pressures and keep prices stable.
  2. Economic Growth and Employment. Monetary policy aims to support sustainable economic growth and promote job creation. By managing interest rates and the availability of credit, the BSP seeks to facilitate investment, encourage business expansion, and stimulate economic activity.
  3. Exchange Rate Stability. The BSP aims to maintain stability in the foreign exchange market by intervening when necessary to manage exchange rate fluctuations. Stable exchange rates promote trade, attract investments, and contribute to overall economic stability.

Financial System Stability. The BSP is responsible for ensuring the stability and soundness of the financial system. It implements measures to safeguard the integrity of banks, monitor systemic risks, and promote a safe and efficient financial environment.

List of Activities

| Synchronous Activities

Activity 1: Economic Policy Case Studies

 

Instructions: Enable students to analyze real-life case studies and evaluate the effectiveness of economic policies.

 

  1. Provide a set of case studies that highlight the implementation and impact of economic policies in the Philippines.
    1. “The MAHARLIKA Investment Fund” by the Senate Economic Planning Office – https://serp-p.pids.gov.ph/publication/public/view?slug=the-maharlika-investment-fund 
    2. “MAHARLIKA Investment Fund: Still Beyond Repair by UP School of Economics Discussion Paper – https://econ.upd.edu.ph/dp/index.php/dp/article/view/1551/1035
  2. Each case study should present a specific economic issue or challenge and the corresponding policy response.
  3. Instruct students to read and analyze the case studies, considering the objectives, strategies, and outcomes of the economic policies.
  4. Ask students to answer a set of reflective questions for each case study, such as:
    1. Did the economic policy effectively address the issue or challenge presented?
  5. What were the positive outcomes and any unintended consequences of the policy?
  6. What alternative approaches could have been taken to achieve the desired outcomes?

 

Students can complete the activity at their own pace, either individually or in small groups.

| Asynchronous Activities

Activity 1: Video Analysis on Economic Policies in the Philippines

 

Instructions: Engage students in independent research and analysis of fiscal and monetary policies in the Philippines through the use of videos available on YouTube.

1. Provide a list of YouTube videos related to fiscal and monetary policies in the Philippines. Select videos that cover different aspects of consumer rights, such as explanations of rights, real-life case studies, or consumer advocacy initiatives.

a. “Ano ang Monetary Policy?” by Bangko Sentral ng Pilipinas – https://www.youtube.com/watch?v=I00qG_mZ-38 

b. “Fiscal Policy Explained” by SIM Institute – https://www.youtube.com/watch?v=DAF81UKWCOI 

2. Instruct students to watch at least one video from the provided list. Encourage them to take notes while watching and to pay attention to key concepts, examples, and insights related to consumer rights.

3. After watching the video, ask students to reflect on their learning by responding to the following questions:

a. What are the main points discussed in the video regarding fiscal and monetary policies?

b. Can you identify any real-life examples or case studies presented in the video that demonstrate the impact of these policies?

c. How do fiscal and monetary policies contribute to economic stability and growth in the Philippines?

4. Create an online discussion forum or shared document where students can share their reflections asynchronously. Encourage them to read and respond to each other’s reflections, fostering a collaborative learning environment.

5. Monitor the online platform for student engagement and participation. Provide feedback on their reflections, ask follow-up questions, and provide additional resources or clarifications as needed.

6. Facilitate an asynchronous wrap-up discussion summarizing the key insights from the video analysis and encourage students to draw connections between fiscal and monetary policies and their impact on the Philippine economy.

 

Activity 2: Economic Empowerment Advocacy Campaign
Purpose:  To engage high school students in understanding the importance of foundational knowledge in the national economy and its impact on citizens’ lives, social progress, and national development.

1. Divide students into small groups.

2. Instruct each group to create an advocacy campaign that promotes the importance of economic literacy for citizens’ well-being and national progress.

3. Each campaign should include the following components:

a. A catchy campaign name and logo

b. Key messages highlighting the benefits of economic literacy.

c. Creative visuals (posters, infographics, videos, etc.)

d. Slogans and hashtags for social media

e. Strategies for reaching different audiences (peers, parents, community members)

4. Have each group present their advocacy campaign to the class.

5. After each presentation, facilitate a brief Q&A session where students can ask questions and provide feedback.

6. Encourage constructive criticism and suggestions for improvement.

| Self-Paced Learning (Optional Activities)

Activity 1: Independent Study

 

Instructions: Send us your feedback on this Module in the form of a short answer response. Short Answer Response = One Thesis Statement + one form of support + closing statement. (SAR= TS + S + CS)

  1. Which part of the module did you find easy to do? Why
    _____________________________________________________

_____________________________________________________

       2. Which part of the module did you find difficult or challenging? Why

_____________________________________________________

_____________________________________________________

        3.  How do you feel about becoming a flexible education student after going t.                          through this module? Please elaborate/explain.

_____________________________________________________

_____________________________________________________

Self-Evaluation Form (Part II)

Instructions: Before learning about economic policies in the Philippines, take a few minutes to evaluate your current understanding of the topic. Rate your knowledge and awareness on a scale of 1 to 5, with 1 being “Very Low” and 5 being “Very High.”

 

Self-Evaluation Questions 5 4 3 2 1
  1. How well do you now understand the concept of economic policies?
  1. Can you now identify and explain specific economic policies implemented in the Philippines?
  1. Do you have a clearer understanding of the role of fiscal policy in regulating the economy?
  1. Are you now familiar with the functions and responsibilities of the central bank in implementing monetary policy?
  1. Can you now explain the impact of trade and investment policies on the country’s economy?
  1. Has your knowledge and understanding of infrastructure development policies improved?

| Rubric for Discussions

 

Excellent Above Average Developing Needs Improvement
Content:

The central theme/idea/argument of the student’s output is focused and supported by evidence which indicates mastery of the content.

Organization: 

The flow of the discussion of the central theme/idea/theme is coherent.

Presentation:

The form and presentation of the central theme/idea is clear, persuasive, polite, and easy to understand.

 

| Rubric for Written Outputs

 

Excellent Above Average Developing Needs Improvement
Content:

The central theme/idea of the paper is focused and supported by evidence which indicates mastery of the content.

Organization: 

The flow of the discussion of the central theme/idea is coherent.

Presentation:

The form and presentation of the central theme/idea is clear and easy to understand..

 

| Rubric for Creative Outputs

 

Excellent Above Average Developing Needs Improvement
Content:

The artwork clearly presents information, ideas, and/or theme on topic which demonstrates understanding and mastery of the content.

Presentation:

The artwork is meaningful and elicits understanding on the subject.

| Learning Resources

IOM – UN Migration. (2020, May 20). Peacebuilding to Prevent and Resolve Conflict – IOM’s Approach [Video file]. YouTube. https://www.youtube.com/watch?v=LHFY6L5ZT6w 

Mindanao Peacebuilding Institute Foundation, Inc. (2018). Resources. Retrieved July 12, 2023 from https://mpiasia.net/newsresources/resources.html  

Minecraft Education. (2023). Peace builders. Retrieved July 12, 2023 from https://education.minecraft.net/en-us/discover/peace-builders 

PDFPK. (2023). Issues. Journal of Peace, Development & Communication. Retrieved July 12, 2023 from https://pdfpk.net/pdf/feed-2/ 

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