School PULUNGMASLE NATIONAL HIGH SCHOOL Grade Level GRADE 11

DAILY LESSON LOG Teacher WILHELMINA L. ROMAN Learning Area APPLIED ECONOMICS
Teaching Dates and Time WEEK 3 SEPTEMBER 11-15 Quarter FIRST

SESSION 1 SESSION 2 SESSION 3 SESSION 4

I. OBJECTIVES

A. Content Standard The learners demonstrate 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 The learners:

Competency/Objectives ● Define basic terms in applied economics (ABM_AE12-Ia-d-1)
Write the LC code for each. ● Identify the basic economic problems of the country (ABM_AE12-Ia-d-2)
● Explain how applied economics can be used to solve economic problems (ABM_AE12-Ia-d-3)

II. CONTENT BRANCHES OF ECONOMICS AND ECONOMIC PROBLEMS OF THE SOCIETY ECONOMIC SYSTEMS

III. LEARNING RESOURCES

A. References

1. Teacher’s Guide pages

2. Learner’s Materials pages

3. Textbook pages Dinio, R. P. & Villasis, G. A. (2017). Applied Economics. First Edition. Rex Bookstore, Inc. Manila, Philippines.

4. Additional Materials from

Learning Resource (LR)portal

B. Other Learning Resource Handouts, PowerPoint Presentation, Chalk and Blackboard, LED TV
IV. PROCEDURES

A. Reviewing previous lesson or Recall the lesson from the previous session. Why do we say that economics is a social science? Recall the lesson from the previous session. Differentiate the two branches of economics.
presenting the new lesson

B. Establishing a purpose for the The class will learn and understand the two branches of economics. They will also explore and The class will learn and be able to differentiate the economic systems prevalent in the
lesson understand the different economic problems being faced by the society. society.

C. Presenting examples Economics is divided into two main branches to ensure that it can solve the economic problems Economic theories should always be empirically tested before being claimed true. The
/Instances of the new lesson experienced by the society. class will also discuss the difference between Positive Economics and Normative
Economics
D. Discussing new concepts and The class discuss the following: The class will discuss and give example of the following:
practicing new skills
BRANCHES OF ECONOMICS ECONOMIC SYSTEMS
The economic system is the means through which society determines the answers to the
There are two branches of economics: basic economic problems mentioned. A country may be under any of the following types
● Macroeconomics – is a division of economics that is concerned with the overall performance of or even a combination of the three economic of the three economic systems:
the entire economy. It focuses on the overall flow of the goods and resources and studies the
causes of change in the aggregate flow of money, the aggregate movement of goods and a. Traditional economy – decisions are based on traditions and practices upheld over
services, and the general employment of resources. Macroeconomics is about the nature of the years and passed on from generation to generation. Methods are stagnant and
economic growth, the expansion of productive capacity, and the growth of the national income. therefore not progressive and they exist in primitive and backward civilizations.
● Microeconomics – is concerned with the behavior of individual entities, such as the consumer,
the producer, and the resource owner. It is more concerned on how goods flow from the
business firms to the consumer and how resources move from the resource owner to the
business firms. It is also concerned with the process of setting prices of goods that is also
known as the Price Theory. Microeconomics studies the decisions and choices of the individual
units and how these decisions affect the prices of goods in the market. It examines the
alternative methods of using resources in order to alleviate scarcity. It does not focus on
aggregate levels of production, employment, and income.

b. Command economy – this is an authoritative system wherein decision-making is

centralized in the government or a planning committee. Decisions are imposed on the
people who do not have a say in what goods are to be produced. This economy holds true
in dictatorial, socialist, and communist nations.

V
ECONOMIC PROBLEMS OF THE SOCIETY
All societies are faced with basic questions in the economy that have to be answered in order to cope
with constraints and limitations.
● What to produce and how much? Society must decide what goods and services should be
produced in the economy. Having decided on the nature of goods that will be produced, the
quantity of these goods should also be decided on.
● How to produce? It is a question on the production method that will be used to produce the
 goods and services. This refers to the resource mix and technology that will be applied in
production.
● For whom to produce? It is about the market for goods. For whom will goods and services be
produced? The young or old, male or female market, the low-income or the high-income
groups?

How these questions are answered depends on the nature of the economic system in place. The
economic system is a means by which society answers the basic economic problems.

WHY IS ECONOMICS IMPORTANT?

Economics will help the students understand why there is a need for everybody, including
the government, to budget and properly allocate the use of whatever resources are
available. It will help one understand how to make more rational decisions in spending
money, saving part of it, and even investing some of it.

On the national level, economics will enable the students to take a look on how the
economy operates and to decide for themselves if the government officials and leaders
are effective in trying to shape up the economy and formulate policies for the good of the
nation.

E. Developing mastery (leads to

Formative Assessment)

F. Finding practical application of

concepts and skills in daily living

G. Making generalizations and

abstractions about the lesson

H. Evaluating learning The class will be able to answer the teacher’s The class will be able to answer the teacher’s The class will be able to answer the teacher’s The class will be able to answer the
questions during the discussion and activities. questions during the discussion and activities. questions during the discussion and activities. teacher’s questions during the
discussion and activities.
I. Additional activities for The students will be asked to illustrate through a
application or remediation pie chart their budgeted allowance is allocated in
their school and personal activities.
V. REMARKS

VI. 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 these
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?

Prepared by: Checked by: Verified by:

WILHELMINA L. ROMAN JAYPEE S. LAPIRA ELOISA C. LUSUNG

Teacher III SHS FOCAL PERSON Principal II