School OSMEÑA-STO.

NIÑO NATIONAL HIGH Grade Level 12

SCHOOL
Teacher XAVIERY GRACE T. LABASO Learning Applied
Area Economics 12
Teaching November 28 – 29, 2018 Quarter 2nd semester
Dates 9:55 – 10:55/MTWTh

l. OBJECTIVES

CONTENT The learner demonstrates an understanding of…

STANDARD Economics as an applied science and its utility in addressing the
economic problems of the country.
PERFORMANCE The learners shall be able to…
STANDARD Analyze and propose solutions to the economic problems using the
principles of applied economics.
LEARNING The learners…
COMPETENCIE 1. Identify the basic economic problems of the country
S  Understand economics as an applied science that deals with
principles, laws, and assumptions governing human behavior in
the allocation process.
 Appreciate the value of things even those implicit benefits and
benefits that might come in the future.
 Present ideas about the importance of recognizing benefits and
cost in decision making.
ABM_AE12-Ia-d-2

ll. CONTENT : Lesson 1: Economics as an applied science

lll. LEARNING RESOURCES

Teacher’s Guide Not available

pages
Learner’s Material Applied Economics 12
pages Learning Module
Textbook pages 15 - 24
Additional Power point presentation
Materials
Other learning Internet source:
resource

lV. PROCEDURES

A. Reviewing previous lesson Preliminaries:

or presenting the new lesson  Prayer
 Greetings
 Checking of Attendance
 Sitting Arrangement
B. Establishing a purpose for Application:
the lesson Unscramble the letters below and describe each.
REPCI Price
RNSCUEOM Consumer
ENADDM Demand
SUNBSIES Business
DAETICOUN Education
OREBLMP Problem
DTARE Trade
EENITBF Benefit
TSCO Cost
KISR Risk

C. Presenting
examples/instances of the
new lesson
D. Discussing new concepts
and practicing new skills # 1
E. Discussing new concepts
and practicing new skills # 2
F. Developing mastery
(Leads to Formative
Assessment 3)
G. Finding practical
applications of concepts
and skills in daily living
H. Making generalizations and
abstractions
about the lesson
I. Evaluating learning
J. Additional activities for
application or
remediation
V. REMARKS
YPNPIOTROTU Opportunity
The teacher will show pictures of some instances of situation of
economics.
The teacher will discuss:
 A framework in understanding decisions using economic
analysis
 Variation in Benefits and costs due to stage of recognition
 Variations in benefits and cost due to differences in
valuation
 Spatial dimension in the issue of valuation
Temporal dimension in the issue of valuation
Direction: Write the correct answer on the space provided.
_____1.The loss of potential gain from other alternatives when
one alternative is chosen. Also called the ‘Alternative cost’.
_____ 2.It is the cost added by producing one additional unit of a
product or service.
_____ 3.It is the opportunity cost equal to what a firm must give
up in order to use a factor of production for which it already
owns and thus not pay rent.
_____ 4.A spillover effect of individual decisions that the entire
community may enjoy or benefit.
_____ 5.A rate which a stream of future values is reduced to
make them comparable with present values.
*key answers*
1. Opportunity cost
2. Marginal cost
3. Implicit cost
4. Social benefit
5. Discount rate
The teacher will call out student to share what can heshe says
about the current economy we have.
Additional question:
 What if your family is very poor and your parents cannot
afford to send you in college, would you take the
opportunity cost of working a job or strive for the future
benefit you can gain in studying college?
 As a decision maker, we should think ahead and recognize
all the possibilities that might happen in the future. What
would happen if we ignore/neglect those possibilities?
 Why is it important to recognize and include all benefits
and costs in the analysis in decision making?
Application
- Students will be divided into 3 groups
- The teacher will give one situation
o A new mining company opened in a certain town.
- Each group will list down possibilities, treats and solution.
o Group 1 – possible social cost
o Group 2 – possible social benefit
o Group 3 – if social cost occur, list down solutions
- Groups will present their ideas in front.
Site 3 examples of social costs.
Vl. REFLECTION

Prepared by: Checked By:

XAVIERY GRACE T. LABASO JOHN C. LLAMERA

SST - 1 School Head