ASIAN CAREGIVING & TECHNOLOGY EDUCATION CENTERS, INC.

School Quarte
Year
2023-2024 r 1ST
Molding Technology Professional for the 21 st
Century Subject Applied Economics Code A.E
LESSON PLAN Teacher JONAS D. TONGOL Date 09/04/2023

SCHEDULE:
WEEK 2: MONDAY - G11 JADE at 10:00am - 12:00pm
September 11 and 12, 2023 TUESDAY - G11 EMERALD at 08:00am - 12:00pm
- G11 JADE at 02:00pm - 04:00pm
I. OBJECTIVE (Most Essential Competencies)
At the end of this lesson the learners are expected to:
 Differentiate between economics as a social science and as an applied science in terms of nature
and scope;
 Explain the concept of scarcity and identify economic resources;
 Compare and contrast the division of economics; and
 Identify the distinction between microeconomics and macroeconomics.

II. CONTENT (Topic/Lesson)  Introduction To Applied Economics

III. LEARNING RESOURCES & DELIVERY

GOOGLE
A. SYNCHRONOUS MEET LINK
TIME

B. ASYNCHRONOUS ACTIVITY

G11 JADE - Silid ng Kaunlaran

C. FACE-TO-FACE CLASSROOM
G11 EMERALD - Silid Aklatan
 Study Guide
 PowerPoint Presentation with clicker
D. MATERIALS  https://drive.google.com/drive/u/1/folders/
1FEWkzgN2GCx4zDbsazvHVHYxdxSliCnh

IV. PROCEDURES
A. SYNCHRONOUS/ FACE- CLASS FLOW
TO-FACE A. Prayer
B. Checking/ Organizing the classroom
C. Attendance
D. Pre-assesment
 Business Stength And Weaknesses (by group)
E. Motivational Activity
F. Lesson Proper
I. Introduction to Applied Economics
 A brief history of Applied Economics
i. Definition of the following;
a. Economics
b. Scarcity with it’s two types
1. Relative Scarcity
2. Absolute Scarcity
c. Needs
d. Wants
e. Opportunity Cost
ii. ECONOMIC RESOURCES
 Definition of Economic Resources with it’s inputs
used for the production process;
a. Land
b. Labor
c. Capital

 Definition of the following;

a. Social Science
b. Economics As Social Science
c. Applied Science
d. Economics As Applied Science

iii. TWO DIVISIONS OF ECONOMICS:

 Macroeconomics
 Microeconomics

iv. BASIC PROBLEMS OF SOCIETY

 The fundamental problems in economics is the
satisfaction of limitless wants and needs and
dealing with the limited and scarce resources.
Because of scarcity, there will be constant
opportunity cost where we forego benefits when
choosing one alternative. Fair and efficient allocation
of scarce resources are attributes of economics. The
main issues are:
1. What to produce and how much”
a. “Society should arrive at a decision on the
kinds of products to be created.”
2. “How to produce”
a. “Refers to selection of technique that will be
employed by the firm to create products.”
3. For whom to produce”
a. “Refers to the target market of the firm as
to who will buy or use the goods and
services.”

 Economic System
1. “Traditional economy”
2. “Command Economy”
3. “Market Economy”
 Pre-assessment: BUSINESS STENGTH AND WEAKNESSES
Objective: To determine whether the students were able to
identify the strength and weaknesses of the following businesses.
Instruction: Identify the strength and weaknesses of the following
businesses.
1. JOLLIBEE
 Strength -
 Weakness -
2. LOUIS VUITTON
B. ASYNCHRONOUS/  Strength -
ACTIVITY  Weakness -
3. SHOPPEE
 Strength -
 Weakness -
4. NIKE
 Strength -
 Weakness -
5. iPhone
 Strength -
 Weakness -

V. UNIT ASSESSMENT
Prepared by:

Jonas D. Tongol
Instructor