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K to 12 BASIC EDUCATION CURRICULUM

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

Grade: 12 2nd Semester


Subject Title: Applied Economics No. of Hours/ Semester: 80 hours/ semester
Prerequisite (if needed):

Subject Description: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the Filipino
entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential business
opportunities. The main output of the course is the preparation of a socioeconomic impact study of a business venture.

CONTENT PERFORMANCE LEARNING COMPETENCIES


CONTENT STANDARDS STANDARDS CODE

Quarter I. The learner The learners shall be able


Chapter 1 demonstrates an to…
Introduction to Applied understanding of… The learners…
ABM_AE12-Ia-d-1
Economics 1. define basic terms in applied economics

1.1 Revisiting Economics as a economics as an analyze and propose


social science applied science and solution/s to the economic
1.2 Economics as an applied its utility in problems using the
science addressing the principles of applied 2. identify the basic economic problems of the
ABM_AE12-Ia-d-2
economic problems economics country
1.3 Basic economic problems
and the Philippine of the country
socioeconomic development
in the 21st century
3. explain how applied economics can be used
ABM_AE12-Ia-d-3
to solve economic problems

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 1 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

CONTENT PERFORMANCE LEARNING COMPETENCIES


CONTENT STANDARDS STANDARDS CODE

Chapter 2 the law of supply and conduct a survey of current 1. explain the law of supply and demand, and
Applied Economics: demand, and economic situations within how equilibrium price and quantity are ABM_AE12-Ie-h-4
factors affecting the the vicinity determined
2.1 Application of Supply and economic situation
Demand
a. Prices of basic
commodities 2. discuss and explain factors affecting demand
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b. Labor supply, and supply
population growth, and
wages
c. Labor migration and
the Overseas Filipino
Worker (OFW) 3. compare the prices of commodities and
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phenomenon analyze the impact on consumers
d. The Philippine peso and
foreign currencies

e. The Philippine housing 4. explain market structures (perfect


shortage and the real competition, monopoly, oligopoly, and ABM_AE12-Ie-h-7
estate boom: monopolistic competition)

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 2 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Rent and Price structure 5. analyze the effects of contemporary issues
such as migration, fluctuations in the
exchange rate, oil price increases,
2.2 Contemporary Economic unemployment, peace and order, etc. on
Issues Facing the Filipino the purchasing power of the people
ABM_AE12-Ie-h-8
Entrepreneur
a. Investment and interest
rate
b. Rentals
c. Minimum wage
d. Taxes

CONTENT PERFORMANCE LEARNING COMPETENCIES


CONTENT STANDARDS STANDARDS CODE

QUARTER II Chapter industry analysis, its apply tools and techniques


3. principles, tools, and for business opportunities
Industry and Environmental techniques leading to like the SWOT/TOWS
Analysis: the identification analysis
Business Opportunities of business
Identification opportunities conduct a survey of macro 1. identify and explain different principles, ABM_AE12-IIa-d-
and micro environments tools, and techniques in creating a 9
3.1 Principles, Tools, and affecting business in a business
Techniques locality
a. competition
b. customers
c. suppliers

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 3 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
d. competitors
e. substitutes

3.2 Types of Industries


ABM_AE12II-a-
a. agribusiness 2. distinguish the different services/products
d10
b. manufacturing of business and
c. retail and services industry in the locality
d. international trade (exports
and imports)

3.3 identification of Business


Opportunities

CONTENT PERFORMANCE LEARNING COMPETENCIES


CONTENT STANDARDS STANDARDS CODE

Chapter 4. various conduct a socioeconomic


Socioeconomic Impact Study socioeconomic impact study on consumers 1. Identify and explain the various
(new product and services); socioeconomic factors affecting business
a. consumer (new impacts of business
suppliers; investors and industry ABM_AE12II-e-g11
products and services) on the following
sectors: consumer, (capital, income)
supplier and government (tax revenues,

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 4 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
b. suppliers investors, poverty alleviation, basic
investors(capital, government, services); households
income) households, and (standard of living, 2. analyze and evaluate the viability of a
international trade employment) and ABM_AE12II-e-g12
c. government(tax business and its impact on the community
revenues, poverty international trade (exports
alleviation , basic services) and imports of goods and
d. households (standard of services) leading to options
living, employment) in venturing into a business
e. international trade
(exports and imports of 3. formulate recommendations and strategies
on how to minimize and maximize a
goods and services) ABM_AE12II-e-g13
business’s negative impact
and positive impact, respectively

Code Book Legend

Sample: ABM_AE12-Ia-d-1

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 5 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

LEGEND SAMPLE

Learning Area and Strand/ Subject or


Accountancy, Business and Management
Specialization

First Entry ABM_AE12

Grade Level Grade 12

Domain/Content/
Uppercase Letter/s Applied Economics
Component/ Topic

Roman Numeral
Quarter First Quarter I
*Zero if no specific quarter

Lowercase Letter/s
*Put a hyphen (-) in between letters to Week Weeks one to four a-d
indicate more than a specific week

Arabic Number Competency define basic terms in applied economics 1

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 6 of 7
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
References:

Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).

Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale
Industries. 2007. http://www.serdef.org/

Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).

Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook. (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
2015).

Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).

Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright.
http://www.serdef.org/2013.

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 7 of 7