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Senior High School Specialized Subject: Applied

Economics
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Applied Economics is one of the specialized subjects under the Academic career track and ABM
learning strand. Some examples of the things that you will learn from taking this subject include:

Introduction to Applied Economics

Revisiting Economics as a social science
Economics as an applied science
Basic economic problems and the Philippine socio-economic development in the 21st century

Application of Supply and Demand

Prices of basic commodities
Labor supply, population growth, and wages
Labor migration and the Overseas Filipino Worker (OFW) phenomenon
The Philippine peso and foreign currencies
The Philippine housing shortage and the real estate boom
Rent and Price structure

Contemporary Economic Issues Facing the Filipino Entrepreneur

Investment and interest rate
Rentals
Minimum wage
Taxes

Industry and Environmental Analysis

Principles, Tools, and Techniques
competition
customers
suppliers
competitors
substitutes
Types of Industries
 agribusiness
manufacturing
retail and services
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international trade (exports and imports)
Identification of Business Opportunities

Socioeconomic Impact Study

consumer (new products and services)
suppliers – investors(capital, income)
government(tax revenues, poverty alleviation, basic services)
households (standard of living, employment)
international trade
(exports and imports of goods and services)

While studying, you will also be asked to demonstrate what you have learned by participating in
class activities that may include the following:

Proposing solution / s to economic problem using the

principles of applied economics
Conducting a survey of current economic situations
If you can imagine
within the vicinity it, we will build a
Using tools and techniques like the SWOT analysis
to analyze business opportunities
bridge to get you
Conducting a survey of macro nd microenvironments there.
affecting business in a locality
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Conducting a socioeconomic impact study on
consumers

These examples only cover the scope of the

specialized subjects under the Academic track and ABM learning strand. For the scope of the core
and contextualized subjects under the senior high school curriculum, please refer to their respective
lists.

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