School Grade Level 11/12

DAILY LESSON LOG Teacher Learning Area APPLIED ECONOMICS

Department of Education Teaching Dates and Time WEEK 7 Quarter QUARTER 2
Session 1: Session 2: Session 3: Session 4:
I. OBJECTIVES
The learner demonstrates an understanding of…
A. Content Standards
various socioeconomic impacts of business on the following sectors: consumer, supplier and investors, government, households, and international trade.
The learners shall be able to …
B. Performance Standards conduct a socioeconomic impact study on consumers (new product and services); suppliers; investors (capital, income) government (tax revenues, poverty alleviation, basic
services); households (standard of living, employment) and international trade (exports and imports of goods and services) leading to options in venturing into a business.
Evaluate the viability and impacts of business on the community:
C. Learning 1. Define what business socio-economic impact.
Competencies/Objectives 2. Identify the negative and positive impact of the business.
3. Prepare a simplified SEAT (Socio-Economic Analysis Tool)
II. CONTENT EVALUATING BUSINESS VIABILITY AND ITS IMPACTS TO THE COMMUNITY (Part 1)
III. LEARNING RESOURCES
A. References
1. TG’s Pages
2. LM’s Pages
3. Textbook’s Pages
B. Other Resources
IV. PROCEDURES
 Review the concept of socio-
Today, we will be discussing the Ask students to brainstorm examples of
1. Reviewing previous lesson or economic impact of businesses Review and recall the previous topics
definition of business socio-economic businesses they know and discuss their
presenting the new lesson  Introduce the new lesson of ready for the assessment.
impact. impact on society.
preparing a simplified SEAT
 Explain the importance of a
simplified SEAT in analyzing the
At the end of the lesson, the students
Explain to the students that the purpose of socio-economic impact of businesses
2. Establishing the purpose of the should be able to define what business
the lesson is to identify the positive and  State the objective of the lesson: to
lesson socio-economic impact is and explain its
negative impact of businesses in society. prepare a simplified SEAT and apply
importance in the economy.
it in analyzing the socio-economic
impact of a business
3. Presenting examples/instances of To start off the lesson, let's look at some  Show students real-life case studies  Show a sample SEAT and discuss its
the new lesson examples of business socio-economic of businesses that have positive and components and purpose
impact. For instance, when a company negative impacts on society.  Present a case study of a business
creates job opportunities, it contributes to  Example of a positive impact: A and demonstrate how a simplified
the growth of the economy by increasing company that produces eco-friendly SEAT can be used to analyze its
consumer spending and reducing poverty. products and reduces waste in socio-economic impact
Additionally, businesses can impact production.
society through the implementation of  Example of a negative impact: A
corporate social responsibility (CSR) company that emits harmful
 programs that benefit the environment or pollutants in the air and contributes
the community in which they operate. to environmental degradation.
Now, let's define business socio-
economic impact. Business socio-
economic impact refers to the positive or  Discuss the concept of externalities
negative effects that businesses have on and how it relates to businesses and  Discuss the components of a
the social and economic aspects of a society. simplified SEAT
4. Discussing new concepts and community. It encompasses a wide range  Externalities: the unintended effects  Explain how to gather data for a
practicing new skills #1 of factors, such as job creation, taxes of economic activities on unrelated simplified SEAT
paid, and CSR initiatives. By third parties.  Guide the students in filling out a
understanding the concept of business  Have students identify externalities simplified SEAT template
socio-economic impact, we can analyze in the case studies presented.
how companies impact the economy,
environment, and society.
Let's now discuss the importance of
 Discuss the concept of social
understanding business socio-economic
responsibility and how it relates to
impact. Businesses play a critical role in
businesses and society.  Analyze the socio-economic impact
the economy, and understanding their
 Social Responsibility: the idea that of a business using the simplified
5. Discussing new concepts and impact is essential for policymakers and
businesses should act in the best SEAT
practicing new skills #2 stakeholders to make informed decisions.
interests of society.  Discuss the findings and the
Additionally, businesses that prioritize
social responsibility and community  Have students identify examples of implications of the analysis
engagement can build a positive social responsibility in the case
reputation and attract more customers. studies presented.
To develop mastery of the concept of
business socio-economic impact, we will
have a group activity. Students will be  Divide students into groups and
divided into groups and asked to choose a assign them a specific industry to
company they are interested in. They will research.
research and analyze the company's  Have them identify the positive and
6. Developing Mastery
socio-economic impact, including job negative impacts of that industry on
creation, taxes paid, CSR initiatives, and society.
other relevant factors. Then, each group  Then, have them present their
will present their findings and findings to the class.
recommendations on how the company
can improve its socio-economic impact.
7. Finding practical applications of To find practical applications of the  Discuss with students how they can  Discuss how the simplified SEAT
concepts and skills in daily concepts and skills learned, students will use the information they learned to can be used in decision-making
living reflect on how businesses impact their make informed decisions about the processes for businesses and
local community. They will think of businesses they support. government policies
examples of businesses that have  Have students brainstorm ways they  Encourage the students to apply the
positively impacted their community and can support businesses with positive concepts and skills they have learned
discuss how they can support these impacts on society. in analyzing the socio-economic
businesses. Additionally, students will impact of businesses in their daily
discuss ways they can contribute to their lives
community through entrepreneurship and
 social responsibility.
In this lesson, we learned about the
definition of business socio-economic  Summarize the importance of
impact and its importance in the  Discuss with students the importance analyzing the socio-economic impact
economy. We also discussed examples of of understanding the impact of of businesses and the role of a
8. Generalizing and abstractions
business socio-economic impact and how businesses on society and how it can simplified SEAT in this process
about the lesson
businesses impact society. Finally, we affect their decisions as consumers  Discuss how the skills and concepts
developed mastery of the concept through and future business leaders. learned in this lesson can be applied
a group activity and reflected on practical in real-world scenarios
applications of the skills learned.
To evaluate learning, students will
9. Evaluating Learning complete a short quiz to test their
understanding.
For additional application, students will Have students research a local business
be asked to choose a business in their and write a report on its impact on
local community and create a plan on society.
10. Additional Activities for how it can improve its socio-economic For students who may need additional
Application or Remediation impact. For remediation, struggling help, provide them with simplified case
students can work with a partner to studies and additional resources to help
analyze the socio-economic impact of a them better understand the concepts
business together presented.

V. REFLECTION

A. No. of learners who earned 80%

in the evaluation.
B. No. of learners who require
additional activities for
remediation who scored below
80%.
C. Did the remedial lessons work?
No. of learners who have caught
up with the lesson.
D. No. of learners who continue to
require remediation.
E. Which of my teaching strategies
worked well? Why did this
work?
F. What difficulties did I encounter
which my principal or supervisor
can help me solve?
G. What innovation or localized
materials did I use/discover
which I wish to share with other
teachers?