APPLIED ECONOMICS Day 1 90 MINUTES

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Topic: Introduction to Applied Economics LESSON OUTLINE

Introduction Random calling of students to give detailed expenses

Content Standards they usually spend in a day (10 MUNUTES)
The learner demonstrates an understanding of economics as an applied
science and its utility in addressing the economic problems of the country ______________________________________

Performance Standards Motivation Narrate to the class that if they want to buy the desired
The learners shall be able to make a Concept map defining the different basic item they want the most in the mall; they should be
terms in applied economics able to show a daily saving from their allowance or
means to buy the item. (20 MINUTES)
Learning Competencies
The learners explain at least one definition of economics and define the basic
terms in applied economics
Instruction/Practice Lecture on the importance of economics in
Specific Learning Outcomes ones everyday life and why economics plays a vital
At the end of the lesson, the learners will be able to: role in a persons personal development (20 MINUTES)
explain at least a definition in Economics
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describe the application of the following terms
Scarcity
Trade-offs
Opportunity cost
Enrichment Concept mapping on a persons perception on what
Self-interest economics is all about. Group discussion immediately
Marginal analysis follows after the concept mapping (40 MINUTES)
know the importance of Economics in their life as
a student
recognize different economic activities existing
within their vicinity Materials Applied Economics module, pen, paper, colouring
materials (if available)
APPLIED ECONOMICS
Topic: Introduction to Applied Economics
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 Survey different businesses around Divisoria
Learning Competencies
The learners should identify the categories of economic resources (land, labor,
capital, entrepreneur and review the use of graphs, curves, and slopes as they
relate to economics.
Specific Learning Outcomes
At the end of the lesson, the learners will be able to:
identify the four factors of production in business
know the significance of graphs, curves and slopes in the study of
Economics
translate the different algebraic principles used in Economics
Day 2 - 90 MINUTES
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LESSON OUTLINE
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Introduction Explain different businesses that once started as school
projects (20 MINUTES)
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Motivation Narrate to the class that all businesses started from
nothing and eventually grew into something much
more . (20 MINUTES)
Instruction/Practice Lecture on the four factors of production and
how each plays a vital role in the business world.
Specify that all factors are scarce and that one must
learn to value his/her available resources (20
MINUTES)
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Enrichment Students should group themselves and ask the
different businesses around Divisoria after class
about the background of their business.
Preparation of questions to be asked should be
done for the entire period(30 MINUTES)
Materials Applied Economics module, pen, paper, colouring
materials (if available)