School Holy Spirit National High School Grade Level 12

Grades 11 to 12
Teacher Karen Ann A. Canlas Learning Area Applied Economics
Daily Lesson Log
Teaching Dates and Time September 5-9, 2022 Quarter 1st
Session 1 Session 2 Session 3 Session 4
The learners should:
 Define the basic terms in applied economics
I. OBJECTIVES
 Identify the basic economic problems in the economy
 Explain how applied economics can be used to solve economic problems
A. Content Standards The learners will develop an understanding of economics as an applied science and its utility in addressing the economic problems of the country
B. Performance Standards The Learners shall be able to analyze and propose solution/s to the economic problems using the principles of applied economics
II. CONTENT Basic Applied Economics Terms Basic Applied Economics Terms
III. LEARNING RESOURCES
A. References
1. Curriculum Guide Pages ABM_AE12-Ia-d-1, ABM_AE12-Ia-d-2, ABM_AE12-Ia-d-3
2. Text Book Pages
3. Additional Resources
4. Other Learning http://www.investopedia.com/ter http://www.investopedia.com/ter
Resources ms/a/applied-economics.asp ms/a/applied-economics.asp
IV. PROCEDURES
A. Reviewing previous lesson
The teacher will let his learners explain the current status of their lives or
Establishing a purpose for
B. family
the lesson
(poor, moderate or rich) they should explain their answer.
The teacher will present a P500 bill to the class. The learners will answer
the following questions:
Presenting
1. Given this amount of money, what will you buy with it?
C. examples/Instances of the
(The teacher will ask the learners who among them have the same
new lesson
answer, do they have the same status)
2. Why do you think different learners have different answers?
Economics - is "a social science concerned chiefly with description and
analysis of the production, distribution, and consumption of goods and
services".
Discussing new concepts Microeconomics - is a branch of economics that studies the behavior of
D.
and practicing new skills #1
individuals and firms in making decisions regarding the allocation of scarce
resources and the interactions among these individuals and firms

Macroeconomics - is a branch of the economics field that studies how the

 aggregate economy behaves. In macroeconomics, a variety of economy-
wide phenomena is thoroughly examined such as, inflation, price levels,
rate of growth, national income, gross domestic product and changes in
unemployment.

Applied Economics - The application of economic theories and principles

to real world situations with the desired aim of predicting potential
outcomes. The use of applied economics is designed to analytically review
potential outcomes without the "noise" associated with explanations that
Discussing new concepts
E. are not backed by numbers. Applied economics can involve the use of
and practicing new skills #2
econometrics and case studies. Because economics relies on the
interpretation of historical events in its theories, applied economics can
lead to "to do" lists for steps that can be taken to ensure stability in real
world events.
Individual Activity:
F. Developing Mastery
What do you think are the importances of studying applied economics?
Group Activity:
The teacher will let the learners form a groups with four members each
group. They need to search for the historical data (at least 5 years) of the
Finding practical following:
G. applications of concepts
 Inflation rate
and skills in daily living
 Price Levels (commodities)
 Gross domestic product
 Unemployment rate
Base on the group activity, the learners will be asked to interpret the data
Making generalizations and
that they have presented.
H. abstractions about the
The teacher will ask follow up questions depending on the output of the
lesson
learners.

I. Evaluating learning Differentiate microeconomics from macroeconomics.

Identification:
1. What do you call the social science concerned chiefly with
description and analysis of the production, distribution, and
consumption of goods and services?
Additional activities for
J. 2. What is the branch of economics that studies the behavior of
application of remediation
individuals and firms in making decisions regarding the allocation
of scarce resources and the interactions among these individuals
and firms?

V. REMARKS
 VI. REFLECTION
No. of learners who earned
A. 80% on the formative
assessment
No. of learners who require
B. additional activities for
remediation

Which of my teaching
C. strategies worked well?
Why did this work?

What difficulties did I

D.
encounter?

What innovation or
localized materials did I
E. use/discover which I wish
to share with other
teachers?