LESSON PLAN IN APPLIED ECONOMICS

Date: November 5, 2018

Time: 9:15AM-10:45AM -MW, 8:30-9:30-F
Strand: Grade 12-GA/ABM

I. Objectives:
A. Define basic terms in applied economics. ABM_AE12-Ia-d-1
B. Identify the basic economic problems of the country. ABM_AE12-Ia-d-2
C. Explain how applied economics can be used to solve economic problems. ABM_AE12-Ia-d-3

II. Content:
A. Topic: Introduction to Applied Economics
B. Reference: Curriculum Guide page 1, Applied Economics by Tereso S. Tullao Jr., PhD page 1-
43
C. Materials: Board, Chalk, Paper, etc.

III. Procedure:
A. Motivation
What ideas that would come into your mind about Economics?

ECONOMICS

B. Lesson Proper

C. Activity

The learners will be grouped into five and each group will make/give their detailed
expenses they usually spend in a day.

D. Analysis

Processing questions:

 What is the connection of these various expenses in studying Applied Economics?

 How did you determine your wants and needs?
 E. Abstraction

The teacher will collate the answers from each group and discuss the answers.

F. Application

Oral participation.

IV. Evaluation

I. Identify the following.

1. This is something you like to have. _____

2. It is a situation wherein the amount of something available is insufficient to satisfy the
desire for it. ______
3. It is the labor, capital, land and natural resources and entrepreneurship that are used to
produce goods and services. ______
4. It is infinite or without limit. _____
5. This is something you have to have. _____

II. Essay

1. Define economics and its term.

2. Identify the basic economic problems and explain how applied economics can be
used to solve this problems.

V. Assignment

Research about the Law of Supply and Demand.

Prepared by: Checked by: Noted by:

JESSICA EPIS LARAN IAN R. MAGLINES ANGELITA Z. ADOBAS