Culminating Activity for Applied Economics
Project: Economic Policy Proposal
Objective:
As a team, students will develop a comprehensive economic policy proposal to address a specific economic issue or
problem in their country or region. The proposal should demonstrate a deep understanding of economic concepts,
critical thinking, and effective communication.
Requirements:
1. Choose an Economic Issue: Identify a pressing economic issue or problem in your country or region, such
as poverty, inequality, unemployment, or environmental degradation.
2. Research and Analysis: Conduct thorough research on the chosen issue, gathering data and information
from credible sources. Analyze the causes, effects, and potential solutions to the problem.
3. Economic Policy Proposal: Develop a comprehensive economic policy proposal to address the chosen
issue. The proposal should include:
A clear statement of the problem and its significance
An analysis of the causes and effects of the problem
A detailed description of the proposed policy solution(s)
An evaluation of the potential costs and benefits of the proposed solution(s)
A plan for implementation and evaluation
4. Presentation: Prepare a professional presentation (e.g., PowerPoint, video, or infographic) to communicate
the policy proposal to a target audience (e.g., government officials, business leaders, or community
stakeholders).
5. Written Report: Submit a written report (5-7 pages) that summarizes the research, analysis, and policy
proposal.
Grading Criteria:
Depth and accuracy of research and analysis (30 points)
Clarity and coherence of the policy proposal (20 points)
Effectiveness of the presentation (20 points)
Quality of the written report (30 points)
Tips and Resources:
Encourage students to work in teams to promote collaboration and diverse perspectives.
Provide guidance on research methods, data analysis, and policy evaluation.
Offer resources on effective communication, presentation, and report writing.
Invite guest speakers or experts to provide feedback and insights on the policy proposals.
This culminating activity allows students to apply theoretical concepts to real-world problems, develop critical
thinking and problem-solving skills, and communicate complex ideas effectively.
Economic Issues in Region 7 (Central Visayas, Philippines)
Here are some of the pressing economic issues in Region 7:
1. Poverty: Despite the region's economic growth, poverty remains a significant challenge. The poverty
incidence in region 7 is still higher than the national average.
2. Inequality: The region's economic growth has not been evenly distributed, leading to a widening income
gap between the rich and the poor.
3. Unemployment: While the region's economy has created jobs, the unemployment rate remains high,
particularly among the youth.
4. Inflation: The region is vulnerable to inflation, which can erode the purchasing power of consumers and
reduce the competitiveness of local businesses.
5. Environmental Degradation: The region is prone to natural disasters, such as typhoons, which can have a
significant impact on the economy. Environmental degradation, such as deforestation and pollution, also
poses a threat to the region's natural resources.
6. Infrastructure Constraints: The region's infrastructure, including roads, ports, and airports, is in need of
upgrading and expansion to support economic growth.
7. Agricultural Productivity: The region's agricultural sector, which is a significant contributor to the
economy, faces challenges such as low productivity, limited access to credit, and inadequate irrigation
systems.
8. Tourism Infrastructure: While tourism is a growing sector in the region, there is a need for more
investment in tourism infrastructure, such as hotels, resorts, and transportation facilities.
9. Energy Security: The region is heavily reliant on imported energy sources, which can be vulnerable to
price fluctuations and supply disruptions.
10. Food Security: The region is vulnerable to food insecurity, particularly in terms of rice and other staple
crops, which can have a significant impact on the economy and the well-being of the population.
11. Lack of Investment in Human Capital: The region needs to invest more in human capital, including
education and training, to develop a more skilled and competitive workforce.
12. Brain Drain: The region is experiencing a brain drain, as many of its skilled workers migrate to other
regions or countries in search of better job opportunities.
13. Limited Access to Credit: Many small and medium-sized enterprises (SMEs) in the region have limited
access to credit, which can hinder their growth and development.
14. Corruption: Corruption remains a significant challenge in the region, which can discourage investment
and hinder economic growth.
15. Disaster Resilience: The region is prone to natural disasters, such as earthquakes, typhoons, and floods,
which can have a significant impact on the economy and the well-being of the population.
These are some of the pressing economic issues in Region 7, which need to be addressed through a combination of
government policies, private sector investment, and community engagement.
