K to 12 BASIC EDUCATION CURRICULUM

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

Grade: 12 2nd Semester

Subject Title: Applied Economics No. of Hours/ Semester: 80 hours/ semester
Prerequisite (if needed):

Subject Description: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the Filipino
entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential business
opportunities. The main output of the course is the preparation of a socioeconomic impact study of a business venture.

CONTENT PERFORMANCE LEARNING COMPETENCIES

CONTENT CODE
STANDARDS STANDARDS
Quarter I. The learner The learners shall be able
Chapter 1 demonstrates an to…
The learners…
Introduction to Applied understanding of… ABM_AE12-Ia-d-1
1. define basic terms in applied economics
Economics

1.1 Revisiting Economics as a economics as an analyze and propose

social science applied science and solution/s to the economic
problems using the 2. identify the basic economic problems of the
1.2 Economics as an applied its utility in ABM_AE12-Ia-d-2
science principles of applied country
addressing the
1.3 Basic economic problems economic problems economics
and the Philippine of the country
socioeconomic development
in the 21st century
3. explain how applied economics can be used ABM_AE12-Ia-d-3
to solve economic problems

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 1 of 7

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT
Chapter 2
Applied Economics:
2.1 Application of Supply and
Demand
a. Prices of basic
commodities
b. Labor supply,
population growth, and
wages
c. Labor migration and
the Overseas Filipino
Worker (OFW)
phenomenon
d. The Philippine peso and
foreign currencies
e. The Philippine housing
shortage and the real
estate boom:
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016
K to 12 BASIC EDUCATION CURRICULUM
CONTENT PERFORMANCE LEARNING COMPETENCIES
CODE
STANDARDS STANDARDS
the law of supply and conduct a survey of current 1. explain the law of supply and demand, and
demand, and economic situations within how equilibrium price and quantity are ABM_AE12-Ie-h-4
factors affecting the the vicinity determined
economic situation
2. discuss and explain factors affecting demand
ABM_AE12-Ie-h-5
and supply
3. compare the prices of commodities and
ABM_AE12-Ie-h-6
analyze the impact on consumers
4. explain market structures (perfect
competition, monopoly, oligopoly, and ABM_AE12-Ie-h-7
monopolistic competition)
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 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
5. analyze the effects of contemporary issues
Rent and Price structure such as migration, fluctuations in the
exchange rate, oil price increases,
unemployment, peace and order, etc. on
2.2 Contemporary Economic the purchasing power of the people
Issues Facing the Filipino ABM_AE12-Ie-h-8
Entrepreneur
a. Investment and interest
rate
b. Rentals
c. Minimum wage
d. Taxes

CONTENT PERFORMANCE LEARNING COMPETENCIES

CONTENT CODE
STANDARDS STANDARDS
QUARTER II Chapter industry analysis, its apply tools and techniques
3. principles, tools, and for business opportunities
Industry and Environmental techniques leading to like the SWOT/TOWS
Analysis: the identification analysis
Business Opportunities of business ABM_AE12-IIa-d-
Identification opportunities 1. identify and explain different principles,
conduct a survey of macro 9
tools, and techniques in creating a business
and micro environments
3.1 Principles, Tools, and affecting business in a
Techniques locality
a. competition
b. customers

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 3 of 7
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
c. suppliers
d. competitors
e. substitutes

3.2 Types of Industries

ABM_AE12II-a-
2. distinguish the different services/products
a. agribusiness d10
of business and
b. manufacturing
industry in the locality
c. retail and services
d. international trade (exports
and imports)

3.3 identification of Business

Opportunities

CONTENT PERFORMANCE LEARNING COMPETENCIES

CONTENT CODE
STANDARDS STANDARDS

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 4 of 7

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Chapter 4.
Socioeconomic Impact Study
a. consumer (new
products and services)
b. suppliers
investors(capital,
income)
c. government(tax
revenues, poverty
alleviation , basic
services)
d. households (standard of
living, employment)
e. international trade
(exports and imports of
goods and services)
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016
K to 12 BASIC EDUCATION CURRICULUM
various conduct a socioeconomic
1. Identify and explain the various
socioeconomic impact study on consumers
socioeconomic factors affecting business
impacts of business (new product and services); ABM_AE12II-e-
and industry
on the following suppliers; investors (capital, g11
sectors: consumer, income) government (tax
supplier and revenues, poverty
alleviation, basic services);
investors,
households (standard of
government, living, employment) and
households, and
international trade (exports
international trade and imports of goods and 2. analyze and evaluate the viability of a ABM_AE12II-e-
services) leading to options business and its impact on the community g12
in venturing into a business
3. formulate recommendations and
strategies on how to minimize and ABM_AE12II-e-
maximize a business’s negative impact g13
and positive impact, respectively
Page 5 of 7
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

Code Book Legend

Sample: ABM_AE12-Ia-d-1

LEGEND SAMPLE

Learning Area and Strand/ Subject or

Accountancy, Business and Management
Specialization

First Entry
Grade Level Grade 12 ABM_AE12

Domain/Content/
Uppercase Letter/s Applied Economics
Component/ Topic

Roman Numeral
Quarter First Quarter I
*Zero if no specific quarter
Lowercase Letter/s

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 6 of 7
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
*Put a hyphen (-) in between letters to indicate Week Weeks one to four a-d
more than a specific week
-

Arabic Number Competency define basic terms in applied economics 1

References:

Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).

Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale Industries.
2007. http://www.serdef.org/

Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).

Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook. (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
2015).

Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).

Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright.
http://www.serdef.org/2013.

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 7 of 7