📚 WEEK 15 LESSON PLAN – Applied Economics (2.
5 Hours)
Grade Level: Grade 12 – ABM
Subject: Applied Economics
Week: 15
Topic: Entrepreneurship and Innovation in Economics
Time Allotment: 2.5 hours
Mode: Lecture-discussion, video case study, ideation workshop
🎯 Learning Objectives
By the end of the session, learners should be able to:
1. Explain the economic importance of entrepreneurship and
innovation.
2. Identify characteristics of successful entrepreneurs and
innovative thinkers.
3. Evaluate how entrepreneurship addresses unemployment and
poverty.
4. Develop and present a basic business or social enterprise idea
with economic value.
🧠 Lesson Flow
⏰ Part 1: Introduction / Motivation (15 minutes)
Activity: “Pinoy Startup Showcase”
Show a short video or slides featuring 2–3 successful Filipino
entrepreneurs or startup businesses (e.g., Rags2Riches, The
Bamboo Company, [Link]).
Ask:
What made these ideas successful?
What problems did they solve?
📌 Transition: In a country like the Philippines, entrepreneurship isn’t
just about profit—it’s about solving real problems.
⏰ Part 2: Lecture & Discussion (45–50 minutes)
🔹 A. Entrepreneurship and Economic Development
Creates jobs and livelihood
Spurs local and global innovation
Fills market gaps unmet by government
Encourages self-reliance and inclusive growth
🔹 B. Characteristics of an Entrepreneur
Problem solver
Risk taker
Creative and innovative
Resilient and adaptable
Socially aware
🔹 C. Innovation in the Philippine Context
Social entrepreneurship (e.g., Gawad Kalinga Enchanted Farm)
Tech startups (e.g., PayMaya, Grab PH)
Agri-business and sustainability-driven enterprises
📌 Emphasize resourcefulness over capital—ideas can thrive even
with limited funds.
🔹 D. Barriers Faced by Filipino Entrepreneurs
Limited access to capital
Red tape and regulatory hurdles
Market competition
Lack of business knowledge
⏰ Part 3: Activity – “Build a Better Business” (40 minutes)
Instructions:
Group students and ask them to develop a mini-business plan
or enterprise pitch that:
o Addresses a local or national economic problem
o Uses innovation or technology
o Has potential for income generation or social impact
📝 Group Output (template provided):
Problem identified
Business or solution idea
Target market
Value proposition
Basic revenue strategy
📣 Each group will give a 2-minute pitch of their idea.
⏰ Part 4: Integration and Reflection (20 minutes)
Discussion prompts:
How does entrepreneurship empower young people like you?
What does it take to move from idea to action?
How can innovation shape the Philippine economy in the
future?
📌 Remind students: Entrepreneurship is not just a subject—it's a
tool for change.
⏰ Part 5: Quiz / Evaluation (15 minutes)
Sample Questions:
1. What is the role of entrepreneurship in the economy?
2. Name one Filipino entrepreneur and describe their
contribution.
3. What’s the difference between a business and a social
enterprise?
4. What is one challenge commonly faced by startups in the
Philippines?
5. If you were to start a business today, what problem would it
solve?
📘 Materials Needed
Video or slide presentation on Filipino entrepreneurs
Group activity worksheet (business pitch template)
Rubric for pitch presentation
Quiz paper or online form