SEMI – DETAILED LESSON PLAN IN APPLIED ECONOMICS
Grade Level: ABM 12
Learning Area: Applied Economics
OBJECTIVES
A. Content Standard Economics as an applied science and
its utility in addressing the economic problems of the country.
B. Analyze and propose solution/s to the
Performanc economic problems using the principles of applied economics.
e Standard
C. Learning At the end of the lesson the
Competencies / student should be able to:
Objectives a. identifies the basic economic problems
b. illustrate how applied economics can be used to solve
economic problems
c. solves problems on economic activities
D. LC Code ABM_AE12-Ia-d-2
I. CONTENT Basic Economic Problems
II. LEARNING RESOURCES
A. References Pettinger, Tejvan. "Basic Economic Problem Economics
Help". Economics 2020. Help,
[Link]
basiceconomic-
problem/.
Applied Economics. Module 2, Quarter 3, DepEd
Bataan
2020.
1. Teacher’s Laptop & Power Point Presentation
Guide
2. Learner’s
Material
3. Textbook/
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. Motivation (Photo Analysis)
The teacher will ask questions based
on the photo presented.
What assumptions can we get from this photo?
What do you think are this photo all about?
4. Activity Economic Problem
Directions: Identify some economic problems in the
country and give its effects to individuals and economy.
Write your answer in the table
below.
5. Analysis What do you think are the basic economic problems?
What do you think are the causes of those economic
problems?
6. Abstraction Scarcity
The Four Basic Economic Problems
What to produce
Whom to product
How to produce
What provisions on production for economic growth
7. Application If you were the President of the country, what economic
problem do you want to solve first? Why?
What solutions can you suggest to the situation that our
country is facing right now and how will you use your
knowledge of applied economics to solve it?
IV. EVALUATION Part I: Fill in the Blanks.
Directions: Please read and answer the following sentences
Among nations, these are the common economic problems on
production of goods and services:
a)__________________;b)_______________________;
c)________________; d)__________________.
• Economics can be a tool to solve the fundamental problem in
economics
which is _________________ in the production of goods and services.
The strategic solutions/decisions/options to economizing
problems
include a)________________; b)___________________; and
c)_______________.
Part II
Directions: Please write TRUE if the statement is correct and
FALSE
if the statement is incorrect.
1. _______________Scarcity in goods and services happens if the
resources
in the production are inadequate or scarce.
2. _______________Customers must choose among several
alternatives if
scarcity exists.
3. ________________ Income inequality is the gap in income that
exists
between the rich and the poor customers willing to buy the
same products.
4. ________________Shortage of goods and services is an economic
problem; and shortages are always constant
5. _________________The Build Build Build Program by the
government
aims to help improve the infrastructure projects and other
programs of the country.
Prepared by:
SANDRA [Link]
Teacher
04/25/24