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Curriculum Guide Applied Economics
Curriculum Guide Applied Economics
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Subject Description: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the Filipino
entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential business
opportunities. The main output of the course is the preparation of a socioeconomic impact study of a business venture.
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 1 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Chapter 2 the law of supply and conduct a survey of current 1. explain the law of supply and demand, and
Applied Economics: demand, and economic situations within how equilibrium price and quantity are ABM_AE12-Ie-h-4
factors affecting the the vicinity determined
2.1 Application of Supply and economic situation
Demand
a. Prices of basic
commodities 2. discuss and explain factors affecting demand
ABM_AE12-Ie-h-5
b. Labor supply, and supply
population growth, and
wages
c. Labor migration and
the Overseas Filipino
Worker (OFW) 3. compare the prices of commodities and
ABM_AE12-Ie-h-6
phenomenon analyze the impact on consumers
d. The Philippine peso and
foreign currencies
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 2 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Rent and Price structure 5. analyze the effects of contemporary issues
such as migration, fluctuations in the
exchange rate, oil price increases,
2.2 Contemporary Economic unemployment, peace and order, etc. on
Issues Facing the Filipino the purchasing power of the people
ABM_AE12-Ie-h-8
Entrepreneur
a. Investment and interest
rate
b. Rentals
c. Minimum wage
d. Taxes
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 3 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
d. competitors
e. substitutes
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 4 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
b. suppliers investors, poverty alleviation, basic
investors(capital, government, services); households
income) households, and (standard of living, 2. analyze and evaluate the viability of a
international trade employment) and ABM_AE12II-e-g12
c. government(tax business and its impact on the community
revenues, poverty international trade (exports
alleviation , basic services) and imports of goods and
d. households (standard of services) leading to options
living, employment) in venturing into a business
e. international trade
(exports and imports of 3. formulate recommendations and strategies
on how to minimize and maximize a
goods and services) ABM_AE12II-e-g13
business’s negative impact
and positive impact, respectively
Sample: ABM_AE12-Ia-d-1
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 5 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
LEGEND SAMPLE
Domain/Content/
Uppercase Letter/s Applied Economics
Component/ Topic
Roman Numeral
Quarter First Quarter I
*Zero if no specific quarter
Lowercase Letter/s
*Put a hyphen (-) in between letters to Week Weeks one to four a-d
indicate more than a specific week
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 6 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
References:
Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).
Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale
Industries. 2007. http://www.serdef.org/
Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).
Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook. (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
2015).
Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).
Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright.
http://www.serdef.org/2013.
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 7 of 7