GRADE 1 to 12
DAILY LESSON School Cabugao National High School Grade Level 12- BONIFACIO
LOG Teacher Maricel S. Igarta Learning Area Applied Economics
Teaching Dates and Time M-TH 7:30 – 8:30 P.M. Quarter FIRST
SESSION 1 SESSION 2 SESSION 3 SESSION 4
I. OBJECTIVES The learners shall be able to analyze and propose solution/s to the economic problems using the principles of applied economics.
A. Content Standard The learner demonstrates an understanding of economics as an applied science and its utility in addressing the economic problems
of the country
B. Performance Standard The learners shall be able to analyze and propose solution/s to the economic problems using the principles of applied economics
C. Learning Examine the utility and application Analyze market demand, market supply, and market equilibrium. (ABM_AE12-Ie-h-4to5)
Competency/Objectives of applied economics to solve
Write the LC code for each. economic issues and problems 1. Determine the concepts of market demand, market supply, and market equilibrium.
(ABM_AE12-Ia-d-3) 2. Explain the law of demand and supply and illustrate how equilibrium price and quantity are
determined
1. List basic economic problems of 3. Analyze the factors affecting demand and supply.
society.
2. Identify the economic system that
answers the basic economic problems.
3. Demonstrate how economy is
measured and show the extent of
problems.
II. CONTENT
Utility and Application of Applied Market Demand, Market Supply, and Market Equilibrium
Economics
III. LEARNING
RESOURCES
A. References
1. Teacher’s Guide
pages
2. Learner’s Materials Teacher Made activity sheet.
pages Department of Education – Schools Division of La Union, First Edition, 2020, AIRS-LM, Iren F. Abenes, T-II, SDO La Union, Learning Resource
Quality Assurance Team
3. Textbook pages
4. Additional Materials Department of Education – Schools Division of La Union, First Edition, 2020, AIRS-LM, Iren F. Abenes, T-II, SDO La Union, Learning Resource
from Learning Quality Assurance Team
Resource (LR)portal
B. Other Learning
Resource
IV. PROCEDURES
A. Reviewing previous Ask student to share their researched The teacher will present a graph and students will be asked to analyze it.
lesson or presenting the economic status of the Philippines. Processing Questions:
new lesson 1. What is the level of economic 1. Locate the point of equilibrium on the demand and supply graph.
status in the Philippines and what 2. If the price is above equilibrium level, what could you predict with the demand and supply?
does this mean? 3. If below the equilibrium point what could you predict with the demand and supply?
B. Establishing a purpose 2. What is the relevance of business Question:
for the lesson in the economic development of 1. How is surplus of resources affects changes price in the market?
our country?
C. Presenting THE PHILIPPINES' BASIC ECONOMIC Think learn and challenge opportunity!
examples/Instances of PROBLEMS Students will analyze the passage.
the new lesson
Ask students to show the
consequences of Covid-19 Pandemic in
our economy. Explain how this affects
the economic development of the
country and the world.
D. Discussing new Differentiate -POSITIVE What are the Factors Affecting Demand of a Commodity?
concepts and practicing ECONOMICS VERSUS NORMATIVE Teacher will supply information to all the answers of students and explain the law of Demand.
new skills # 1 ECONOMICS
Classify the factors/elements
whether it is Positive or Normative
Economics.
E. Discussing new The teacher will demonstrate on how Transition Question.
concepts and practicing economic development is measured - What are the Factors Affecting Supply of a Commodity?
new skills # 2 past and present performance and the Teacher will supply information to all the answers of students and explain the law of Supply.
health of the economy.
F. Developing mastery Transition Question.
(leads to Formative What is market Equilibrium or equilibrium price?
Assessment 3) Teacher will supply information to all the answers of students and illustrate and compute for
market equilibrium price.
G. Finding practical . The students will compute and solve for market price equilibrium.
application of concepts
and skills in daily living
H. Making generalizations The students will write their reflection of what they have learned in this lesson. Using the Reflective
and abstractions about Learning Sheet students will analyze the scenario provided in the activity sheet.
the lesson
I. Evaluating learning The teacher shall administer students’ Students will Identify and Classify: Factors affecting the demand and supply.
Summative Test and Performance Task
– ISSUES DISSOLVED BY MYSELF!
I can help improve our country’s
economy in my own little way.
J. Additional activities for
application or
remediation
V. REMARKS
VI. REFLECTION
Submitted by: Checked by: Noted by:
MARICEL S. IGARTA DARRYLL JOY G. TAPURO REBECCA R. VILORIA
Teacher II Mater Teacher I PRINCIPAL II
4. Apply the principles of demand and supply to illustrate how prices of commodities are determined
5. Analyze how demand and supply forces can affect the value of the Philippine peso about foreign currencies.
