School Grade Level 11/12

DAILY LESSON LOG Teacher Learning Area APPLIED ECONOMICS

Department of Education Teaching Dates and Time WEEK 7 Quarter QUARTER 2
Session 1: Session 2: Session 3: Session 4:
I. OBJECTIVES
The learner demonstrates an understanding of…
A. Content Standards
various socioeconomic impacts of business on the following sectors: consumer, supplier and investors, government, households, and international trade.
The learners shall be able to …
B. Performance Standards conduct a socioeconomic impact study on consumers (new product and services); suppliers; investors (capital, income) government (tax revenues, poverty alleviation, basic
services); households (standard of living, employment) and international trade (exports and imports of goods and services) leading to options in venturing into a business.
Evaluate the viability and impacts of business on the community:
C. Learning 1. Define what business socio-economic impact.
Competencies/Objectives 2. Identify the negative and positive impact of the business.
3. Prepare a simplified SEAT (Socio-Economic Analysis Tool)
II. CONTENT EVALUATING BUSINESS VIABILITY AND ITS IMPACTS TO THE COMMUNITY (Part 1)
III. LEARNING RESOURCES
A. References
1. TG’s Pages
2. LM’s Pages
3. Textbook’s Pages
B. Other Resources
IV. PROCEDURES
 Review the concept of socio-
Today, we will be discussing the Ask students to brainstorm examples of
1. Reviewing previous lesson or economic impact of businesses Review and recall the previous topics
definition of business socio-economic businesses they know and discuss their
presenting the new lesson  Introduce the new lesson of ready for the assessment.
impact. impact on society.
preparing a simplified SEAT
 Explain the importance of a
simplified SEAT in analyzing the
At the end of the lesson, the students
Explain to the students that the purpose of socio-economic impact of businesses
2. Establishing the purpose of the should be able to define what business
the lesson is to identify the positive and  State the objective of the lesson: to
lesson socio-economic impact is and explain its
negative impact of businesses in society. prepare a simplified SEAT and apply
importance in the economy.
it in analyzing the socio-economic
impact of a business
3. Presenting examples/instances of To start off the lesson, let's look at some  Show students real-life case studies  Show a sample SEAT and discuss its
the new lesson examples of business socio-economic of businesses that have positive and components and purpose
impact. For instance, when a company negative impacts on society.  Present a case study of a business
creates job opportunities, it contributes to  Example of a positive impact: A and demonstrate how a simplified
the growth of the economy by increasing company that produces eco-friendly SEAT can be used to analyze its
consumer spending and reducing poverty. products and reduces waste in socio-economic impact
Additionally, businesses can impact production.
society through the implementation of  Example of a negative impact: A
corporate social responsibility (CSR) company that emits harmful

4. Discussing new concepts and
practicing new skills #1
5. Discussing new concepts and
practicing new skills #2
6. Developing Mastery
7. Finding practical applications of
concepts and skills in daily
living
programs that benefit the environment or
the community in which they operate.
Now, let's define business socio-
economic impact. Business socio-
economic impact refers to the positive or
negative effects that businesses have on
the social and economic aspects of a
community. It encompasses a wide range
of factors, such as job creation, taxes
paid, and CSR initiatives. By
understanding the concept of business
socio-economic impact, we can analyze
how companies impact the economy,
environment, and society.
Let's now discuss the importance of
understanding business socio-economic
impact. Businesses play a critical role in
the economy, and understanding their
impact is essential for policymakers and
stakeholders to make informed decisions.
Additionally, businesses that prioritize
social responsibility and community
engagement can build a positive
reputation and attract more customers.
To develop mastery of the concept of
business socio-economic impact, we will
have a group activity. Students will be
divided into groups and asked to choose a
company they are interested in. They will
research and analyze the company's
socio-economic impact, including job
creation, taxes paid, CSR initiatives, and
other relevant factors. Then, each group
will present their findings and
recommendations on how the company
can improve its socio-economic impact.
To find practical applications of the
concepts and skills learned, students will
reflect on how businesses impact their
local community. They will think of
examples of businesses that have
positively impacted their community and
discuss how they can support these
businesses. Additionally, students will
discuss ways they can contribute to their
community through entrepreneurship and
pollutants in the air and contributes
to environmental degradation.
 Discuss the concept of externalities
and how it relates to businesses and  Discuss the components of a
society. simplified SEAT
 Externalities: the unintended effects  Explain how to gather data for a
of economic activities on unrelated simplified SEAT
third parties.  Guide the students in filling out a
 Have students identify externalities simplified SEAT template
in the case studies presented.
 Discuss the concept of social
responsibility and how it relates to
businesses and society.  Analyze the socio-economic impact
 Social Responsibility: the idea that of a business using the simplified
businesses should act in the best SEAT
interests of society.  Discuss the findings and the
 Have students identify examples of implications of the analysis
social responsibility in the case
studies presented.
 Divide students into groups and
assign them a specific industry to
research.
 Have them identify the positive and
negative impacts of that industry on
society.
 Then, have them present their
findings to the class.
 Discuss with students how they can  Discuss how the simplified SEAT
use the information they learned to can be used in decision-making
make informed decisions about the processes for businesses and
businesses they support. government policies
 Have students brainstorm ways they  Encourage the students to apply the
can support businesses with positive concepts and skills they have learned
impacts on society. in analyzing the socio-economic
impact of businesses in their daily
lives

8. Generalizing and abstractions
about the lesson
9. Evaluating Learning
10. Additional Activities for
Application or Remediation
social responsibility.
In this lesson, we learned about the
definition of business socio-economic
impact and its importance in the
economy. We also discussed examples of
business socio-economic impact and how
businesses impact society. Finally, we
developed mastery of the concept through
a group activity and reflected on practical
applications of the skills learned.
For additional application, students will
be asked to choose a business in their
local community and create a plan on
how it can improve its socio-economic
impact. For remediation, struggling
students can work with a partner to
analyze the socio-economic impact of a
business together
 Summarize the importance of
 Discuss with students the importance analyzing the socio-economic impact
of understanding the impact of of businesses and the role of a
businesses on society and how it can simplified SEAT in this process
affect their decisions as consumers  Discuss how the skills and concepts
and future business leaders. learned in this lesson can be applied
in real-world scenarios
To evaluate learning, students will
complete a short quiz to test their
understanding.
Have students research a local business
and write a report on its impact on
society.
For students who may need additional
help, provide them with simplified case
studies and additional resources to help
them better understand the concepts
presented.

V. REFLECTION

A. No. of learners who earned 80%

in the evaluation.
B. No. of learners who require
additional activities for
remediation who scored below
80%.
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 this
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?