SEMI-DETAILED LEARNING PLAN IN APPLIED ECONOMICS (GAS 12)

School Our Lady of Fatima High School, Inc. Grade Level Grade 12 St. Luke
& Section
Teacher Mc. Kolbe Balalio Palma Quarter 1
Learning Area Applied Economics Teaching August 22-25, 2023
Dates & 4 meetings
Duration
Learning Objectives
Content Standards The learner demonstrates an understanding of
economics as an applied science and its utility in
addressing the economic problems of the country.
Performance Standards The learners shall be able to analyze and propose
solution/s to the economic problems using the
principles of applied economics.
Learning Competencies with Code - The learners…
1. define basic terms in applied economics
(ABM_AE12-Ia-d-1)
2. identify the basic economic problems of
the country (ABM_AE12-Ia-d-2)
3. explain how applied economics can be
used to solve economic problems
(ABM_AE12-Ia-d-3)
Learning Objectives
 Acquisition
 Meaning Making to improve the quality of practice in business, public
policy, and daily life by thinking rigorously about
costs and benefits, incentives, and human behavior.
 Transfer
Subject Matter
Learning Content Introduction to Applied
Economics
1.1 Revisiting Economics as a social science
1.2 Economics as an applied science
1.3 Basic economic problems and the Philippine
socioeconomic development in the 21st century
Learning Resources https://www.deped.gov.ph/wp-content/uploads/
2019/01/ABM_Applied-Economics-CG.pdf
Learning Materials Laptop, Powerpoint and hand-outs
Learning Strategies
Subject Integration
Institutional Values
Procedures
A. Introduction In this part of the LP, the lesson is being presented through introductory inputs and activities.
Teacher’s Activity Learners’ Activity
a. Preliminary
Activities
1. Greetings The Teacher will greet the students The Learners will response to the Teacher.
2. Prayer The Teacher will choose who will going to lead to (The Teacher and students will pray together)
prayer
3. Classroom The teacher will command the students to put The students will put garbages.
Management some garbages before taking seat
4. Checking of The teacher will ask the beadle who is absent, late The beadle will report this the his/her teacher about
Attendance and excuse. the Attendance Sheet.
b. Review of
Previous Lesson
c. Motivation I will give you the magic ball and you’ll sing
“Happy Birthday” while passing it to your seat
mate and then if I’ll said stop, the learner who
hold it will answer my question.
B. Interaction
a. Concept Notes Revisiting Economics as a social science
- Economics is a social science that
assesses the relationship between the
consumption and production of goods
and services in an environment of finite
resources. A focus of the subject is how
economic agents behave or interact both
individually (microeconomics) and in
aggregate (macroeconomics).

Economics as an applied science

- the application of economic theory to
determine the likely outcomes associated
with various possible courses of action in
the real world. By better understanding
the likely consequences of choices made
by individuals, businesses, and policy
makers, we can help them make better
choices.

Basic economic problems and the Philippine

socioeconomic development in the 21st century
- Major economic problems in the
Philippines are very similar to the
economic problems in other
underdeveloped countries. Some of the
major pinpointed problems are the
import-export imbalance, causing those
who specialize in trade and make their
living off of imported and exported goods
to lose money..
b. Formative 1. draw a concept map in class to represent their
Assessment understanding of a topic

2. submit one or two sentences identifying the

main point of a lecture

3. turn in a research proposal for early feedback

c. Summative Multiple Choice

Assessment Encircle the letter of the correct answer.1.
 
Defined economics as “the study of choice under - B. Hall and Loeberman
the condition of scarcity.”
  A.Bernardo Villegas 
B.Hall and Loeberman
C. Gerardo Sicat 
D. Paul Samuelson

2.A situation wherein the amount of something

available is insufficient to satisfy the desire for it.  - D. Scarcity
A.Resources 
B. Unlimited 
C. Wants 
D.Scarcity

 3.These are commodities or services that are

used to produce goods and services. - B. Inputs

A.Production
B.Inputs
C. Output 
D. Public Finance

4.The labor, capital, land and natural resources

and entrepreneurship that are used to produce
goods andservices.  - A. Resources
A.Resources
 B. Unlimited
 C. Wants 
D. Scarcity
 5. It is the application of statistical and
mathematical theories to economics for the
purpose of testing hypothesesand forecasting
future trends.  - D. Econometrics
A. Microeconomics 
B. Macroeconomics 
C. Applied Economics 
D.Econometrics

 6.It is the allocation of the total product among

members of society. It is related to the problem
of for whomgoods and services are to be
produced. 
A.Production - B. Distribution
B.Distribution
 C. Allocation D
. Consumption

7.In everything we do, whether we produce or

consume, whether wealth-getting or wealth-using,
we makedecisions and these decisions are based
on alternative choices 
A.Economics as a study of Wealth
B Economics as a study of Making Choices - B.
C.Economics as a study of Allocation Economics as a study of Making Choices
 
8. Refers to the tension between our limited
resources and our unlimited wants and needs. 
A. Resources 
B. Unlimited 
C. Wants 
D.Scarcity
- D. Scarcity
 9.It is concerned with government expenditures
and revenues. Economics studies how the
government raisesmoney through taxation and
borrowing. 
A.Production 
B. Inputs 
C. Output 
D.Public Finance - D. Public Finance

 10.It is the use of inputs to produce outputs 

A.Production
 B. Distribution 
C. Allocation 
D. Consumption

- A. Production

C. Integration This part allows learners to integrate the lesson into a real-life situation.
a. Framing Concepts
b. Lifelong Learning
Reflections
a. No. of learners who learned 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 lesson.
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 me solve?

g. What innovation or localized materials did I use/discover which I wish to

 share with other teachers?
Comments/Remarks

Prepared by: Checked by:

MR. MC. KOLBE B. PALMA MS. MAE ANN C. DAWANG, LPT

English 10 Subject Teacher Academic Coordinator

Reviewed by: Checked by:

MRS. FELMA R. MACALAM, LPT SR. NANIE MARIA A. BALEROSO, MCM

School Teacher In-charge School Directress