The Implication of Local Market Economy to Araling Panlipunanin Terms of Self-Sufficiency and Student's Productivity

Abstract

INTRODUCTION

Economics is an important component of Social Sciences at the secondary level of education in the Philippines. This paper aims to capacitate the readiness of Secondary Level Araling Panlipunan students in facing challenges on Araling Panlipunan subject relative to the "Implication of Local Market Economy on Self-Sufficiency and Student Productivity" through a review of the available textbook, modules, and references. Furthermore, all prescribed issuances and policies with regards to basic education, social and economic development have been incorporated. The findings suggest that the paper has not been spared from errors, inconsistencies, and problems that the other studies presumably face in the basic education curriculum in the Philippines

METHODS

The data were obtained from the surveys completed by Grade 9 students in Araling Panlipunan subject from Dr. Arsenio Nicolas National High School in Calauag, Quezon. This study is anchored with K-12 Curriculum (Enhanced Basic Education Curriculum) which the center of this is the students and their performance academically. The researcher used the qualitative study to evaluate the student's productivity on the local market economy in Araling Panlipunan.

RESULTS

This study found that in students who took up ARALING PANLIPUNAN local financial market played an important role in their productivity and self-sufficiency in terms of issues addressing local economic growth. More specifically, the effects of local financial market development on economic growth are stronger, therefore, the practical application of this study is a must. This finding defense the fact that local financial market development is significantly more important as a growth-driver in less developed local financial markets than in developed ones, taking into consideration the self-sufficiency and students’ productivity.

DISCUSSIONS

Using data generated from the local government on development indicators between 2011 and 2017 in contemporary econometric estimations, this study found that business and financial market play crucial roles in local economic development, using the practical and theoretical application of Araling Panlipunan in varying magnitude, of local market competition. The study also observes that the local financial marketplays very little role in the overall economic development of certain localities/municipalities, in such a way, establishing student competence, self-sufficiency, and students’ productivity.