SEMI – DETAILED LESSON PLAN IN APPLIED ECONOMICS

Grade Level: ABM 12

Learning Area: Applied Economics

OBJECTIVES
A. Content Standard The learners demonstrate an understanding of the law of
supply and demand and factors affecting the economic
situation.
B. The learners shall be able to conduct a survey of current
Performanc economic situations within the vicinity.
e Standard
C. Learning At the end of the session, students are expected to:
Competencies / 1. Explain the law of supply and demand, and how the
Objectives equilibrium price and quantity are determined.
1.1 define what is supply, demand and equilibrium.
1.2 illustrate and explain the law of supply and
demand.
1.3 specify how the equilibrium price and quantity are
determined
2. discuss and explain factors affecting demand and
supply
D. LC Code ABM_AE12-Ie-h-4-5
I. CONTENT Demonstrate an Understanding of the Law of Demand
and Supply
II. LEARNING RESOURCES
A. References  Pettinger, Tejvan. "Basic Economic Problem Economics
Help". Economics 2020. Help,
https://www.economicshelp.org/blog/glossary/
basiceconomic-
problem/.
 Applied Economics. Module 2, Quarter 3, DepEd Bataan
2020.
1. Teacher’s
Guide
2. Learner’s
Material
3. Textbook/ Principles of Economics by Alfred Marshall vol1. 3rd
Edition p 178-182
4. Materials Chalk and Board, Laptop with Microsoft powerpoint
III. PROCEDURES
A. Preparatory Activities
1. Daily Routine  Greetings
 Opening Prayer
 Energizer
 Checking of Attendance
2. Reading of the Before we will proceed to our lesson, I have here the SMART
House Rules house
rules that I want you to follow which means:
Say please and thank you.
 Make friends and be thoughtful.
Arrive on time, prepared and ready to learn.
Respect yourselves and others.
Try your best!

Please don’t forget to be SMART.

3. Reviewing of previous Review on the basic economic problems in the country.
lesson Let the learners give examples of the basic economic
problems in our country.
4. Motivation Introduced to the students the concept of demand and
supply.
I.
A. Professional Athletes: Ask the students “How much
do you think is a superstar in the NBA (such as
Lebron James, Kyrie Irving, Kevin Durant) paid
compared to an average player?”
B. “Which costs more, stones or diamonds?”
C. Goods or Commodities: “Which is more expensive,
brown rice or white rice?”

Guide Question:
Ask students why they think some items are more expensive
than others.

II. Tell students the following story about construction

nails. Long ago, when houses made of wood were first
being built, nails were very expensive. It seems funny to us
today, but it's true. Each nail had to be made by hand,
pounded into shape by a blacksmith. Though it wasn't
difficult, it took time. Even a good blacksmith wouldn't be
able to make more than a few hundred nails in an entire
day. On the other hand, there are machines today that can
manufacture thousands of nails an hour. Because they are
so much easier to acquire now-that is, because there is a
greater supply of nails-the price has dropped substantially.

Guide Question:
Ask the students what is their implication about the story?
5. Presenting
examples/instances of
the new lesson
(PRE-ACTIVITY)
 Ask the following Guide Questions to the Learners:
1. Describe what can you see in the picture?
2. What do you think the two pictures portray?
6. Give Lecture (Activity Ask the students to read what is the meaning of
Proper) Supply, Demand And Equilibrium
7. Give Lecture (Activity Discuss the Law of Supply and Demand, how the
Proper) equilibrium price and quantity are determined and the factors
affecting it (supply and demand).
8. Application Divide the class into 3 groups, each group will present
a short play that will portray how law of demand and
supply happened in their everyday lives.
9, Generalization 1. What is supply?
2. What is Demand?
3. What is Equilibrium?
4. How is Equilibrium Price Determined?
5. Explain briefly the Law of Supply and Demand.
6. What are the factors affecting demand and
supply?
IV. EVALUATION Quiz
Briefly answer.
I.
1. A new toy has just come out and everyone
wants to own one. Unfortunately, the store only
has a few to sell right now.
Is the supply high or low?
Is the demand high or low?
Do you think the price will be high or low? Why?
2. A toy company recently started making a new
toy. They made lots of these toys because they
thought it would be a very popular toy. They soon
realized that no one really wanted to buy this
toy.
Is the supply high or low?
Is the demand high or low?
Do you think the price will be high or low? Why?
II. Give one factor affecting demand and supply and
explain briefly.
 Prepared by:
SANDRA P.VIVO
Teacher
04/25/24