School Laguna Senior High School
DAILY LESSON LOG
I. OBJECTIVES
A. Content Standards
B. Performance Standards
C. Learning
Competencies/Objectives
(Write the LC code for each)
II. CONTENT
III. LEARNING RESOURCES
Grade Level 12
Teacher RICHARD K. LAZARO Learning Area Applied Economics
Teaching Dates and Time July 22-26, 2019 Semester 1st
Session 1 Session 2 Session 3 Session 4
The learner demonstrates an understanding of the law of supply and demand, and factors affecting the economic situation
The learners shall be able to conduct a survey of current economic situations within the vicinity
The learners…
explain the law of supply and demand, and how equilibrium price and quantity are determined ABM_AE12-Ie-h-4
discuss and explain factors affecting demand and supply ABM_AE12-Ie-h-5
compare the prices of commodities and analyze the impact on consumers ABM_AE12-Ie-h-6
explain market structures (perfect competition, monopoly, oligopoly, and monopolistic competition)ABM_AE12-Ie-h-7
Chapter 2
Applied Economics:
2.1 Application of Supply and Demand
a. Prices of basic commodities
b. Labor supply, population growth, and wages
c. Labor migration and the Overseas Filipino Worker (OFW) phenomenon
d. The Philippine peso and foreign currencies
e. The Philippine housing shortage and the real estate boom: Rent and Price structure
Curriculum guide and net book
A. References Principles and Application of Economics 6e by Marc Lieberman and Robert Hall

1. Teacher’s Guide pages

2. Learner’s Materials pages
3. Textbook pages
4. Additional Materials from Laptop, Projector, LED TV, PowerPoint Presentation
Learning Resources (LR) portal
B. Other Learning Resources www.google.com

Session 1 Session 2 Session 3 Session 4

IV. PROCEDURES
A. Reviewing previous lesson or The market structures perfect
presenting the new lesson competition and monopoly offer
theoretical extremes—they
The price elasticity of demand is rarely exist in their purest
closely related to the slope of forms, but we use these
the demand curve. concepts as benchmarks to
compare more common
structures, such as monopolistic
competition and oligopoly.

B. Establishing a purpose for the The level of competition in a

lesson market has a major impact on
the prices of products. The more
sellers compete for your peso,
the more competitive prices will
be.

C. Presentation examples The slope of the supply curve is

closely related to price elasticity
or instances of the new lesson of supply.
D. Discussing new concept and
practicing new skills #1 Price elasticity of supply is the
percentage change in
quantity supplied divided by the
percentage change in price.
E. Discussing new concepts and Determinants of Supply
practicing new skills #2 Elasticity
F. Developing Mastery
(Leads to Formative
Scenario Analysis: Elasticity and
Assessment)
Changes in Equilibrium
G. Finding practical applications
of concepts and skills in daily Price Elasticity of Supply is used
living to determine tax incidence
between producer and
consumers; It is useful in
minimum price legislation aimed
in increasing supply,used in
determining wage rate of labor.
H. Making generalizations and Price elasticity of supply equals
abstracts about the lesson percentage change in Qs divided
by percentage change in P.
When it’s less than one, supply
is “inelastic.” When greater than
one, supply is “elastic.”
A market structure is an
economic model that helps
economists examine the nature
and degree of competition
among businesses in the same
industry.
Perfectly Competitive Market Monopolistic Competition vs.
vs. Monopoly Oligopoly
1. Learners will be asked to cite examples of each market structure
2. In pairs: Summarize important distinctions of the discussed
market structures
The analysis of market structures is of great importance when
studying microeconomics. How the market will behave, depending
on the number of buyers or sellers, its dimensions, the existence of
entry and exit barriers, etc. will determine how an equilibrium is
reached.
The concept of market structure is central to both economics and
marketing. Both disciplines are concerned with strategic decision
making. In decision-making analysis, market structure has an
important role through its impact on the decision-making
environment. The extent and characteristics of competition in the
market affect choice behavior among the actors
I. Evaluating Learning Group Discussion Role play the 4 Types f Market Structure

J. Additional activities for

application or remediation
V. REMARKS Make up for lost time in GPTA Assembly 1PM @ SCES Celebration of Nutrition
some classes last 17 July due Month
to suspension of classes
(because of a typhoon)
VI. REFLECTION

A. No. of learners who earned 80% on

the formative assessment

B. No. of learners who require

additional activities for remediation

C. Did the remedial lessons work? No.

of learners who have caught up with
the lessons

D. No. of learners who continue to

require remediation

E. Which of my teaching strategies

worked well? Why did these work?

F. What difficulties did I encounter

which my principal or supervisor can
help

G. What innovation or localized

material did I use/discover which I
wish to share with other teachersn?

Prepared by: Checked: Noted:

RICHARD K. LAZARO ASHER H. PASCO CHRISTIAN S. BALINO

Master Teacher II Assistant Principal II Principal II