CENTRAL LUZON STATE UNIVERSITY
College of Business Administration and Accountancy
Science City of Muñoz, Nueva Ecija
DATE: September 11, 2018
ROOM: CBBA Room 802
STARTING TIME: 11:30 A.M.
OPENING PRAYER: Mr. Joefer C. Barallas led the opening prayer for
today’s session.
ACADEMIC PROCEEDING
LECTURE PROPER:
The lecture proper started at the exact time 11:50 A.M.
1. REVIEW: Dr. Jayson Marzan ask the block students of BSMA 1-
2, (1) “What are the study of economics and its meaning?” (2)
“How do we measure the Economy?” (3) “What are the Industry
approach?” (4) “Why agriculture is the least among the industry
approach” Some of the students participated and share their
knowledge about the topic. But for Dr. Jayson Marzan,:
 The study of economics is Positive Economics that shows
“what is the reality”, and Normative Economics that
shows “what should be”.
 Economy measures through GDP and GNP.
 The industry approach is Service, Industrial and
Agriculture.
 Agriculture is the least among industry approach
because of the weather disturbance in the country.
BSMA 1-2 STUDENTS ANSWERED IN CHORUS:
 The study of economics are Positive Economics and Normative
Economics.
 The economy measures through Gross Domestic Product and
Gross National Product.
MENTIONED NAMES:
MG: The agriculture is not prioritizing since it is common in the
Philippines.
PAULENE GRACE: Agriculture set aside because of the modern
technology nowadays.
MC NEILL: Because we tend to patronize the consumption of product
outside the country.
KRIZIEL: Due to the scarcity of resources for agriculture.
RICKY BOY: Agriculture is used to process as raw materials in an
industry.
CRISTINE: Farmers can produce good crops but because of weather
disturbances in the country the agriculture.
2. OBJECTIVES: Today’s discussion objective is to know how to measure ANNOUNCEMENTS:
the economy and factors affecting the aggregate demand curve. Economic book donation project

3. LECTURE: LESSON: The lesson for today is mag mobile legends ka!
1. GROSS DOMESTIC PRODUCT- Products that are made in the
When problems, challenges and trials occurs “smash it” thereafter the
Philippines.
FACTORS AFFECTING THE AGGREGATE DEMAND CURVE “victory”
GDP= C + I + G MIXED ECONOMY
Where: C- Consumption (Household Sector)
I-Investment (Firms and Business Sector)
JELIE P. BAUTISTA
G-Government Expenditure (Government Sector) ______________________
 Increase in consumption, increase in Gross Domestic Prepared by
Product (GDP)
2. GROSS NATIONAL PRODUCT – Products made by the Filipinos all
over the world. DR. JAYSON LAURIO MARZAN
GNP= C + I + G > X-M OPEN ECONOMY ________________________________
Where: C- Consumption (Household Sector) Noted by
I-Investment (Firms and Business Sector)
G-Government Expenditure (Government Sector)
X-M- Net Export (Trade Balance)
INCOME APPROACH
 Value-added tax (VAT)
 Final product
 Additional value through process
 Additional value in every process
INDUSTRIAL APPROACH
 Service
 Industry
 Agriculture