SENIOR HIGH SCHOOL DEPARTMENT

CURRICULUM MAP
S.Y 2019-2020
Subject Area and Grade Level: Applied Economics – Grade 12

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
Course Description
identification of potential business opportunities. The main output of the course is the preparation of a socioeconomic impact
study of a business venture.
Content Applied Economics
The learners demonstrate an understanding of…

1. economics as an applied science and its utility in addressing the economic problems of the country
Content Standard 2. the law of supply and demand, and factors affecting the economic situation
3. industry analysis, its principles, tools, and techniques leading to the identification of business opportunities
4. various socioeconomic impacts of business on the following sectors: consumer, supplier and investors, government,
households, and international trade
The learners shall be able to …

1. analyze and propose solution/s to the economic problems using the principles of applied economics
2. conduct a survey of current economic situations within the vicinity
Performance Standard 3. apply tools and techniques for business opportunities like the SWOT/TOWS analysis
4. conduct a survey of macro and micro environments affecting business in a locality
5. 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
Formation Standard The learners will become advocates of critical thinking and creativity in applying basic economic principles in addressing
(PVMSCV/ Social Teaching) contemporary business issues.
The learners will understand that the principles, tools and techniques in economics, including analysis of industries for
Enduring Understanding identification of potential business opportunities may be used to address contemporary economic issues facing the Filipino
entrepreneur.
Essential Questions As ABM students, how can you help Filipino entrepreneurs address contemporary issues affecting business organizations?
The learners independently use their understanding of the basic principles of applied economics with critical thinking and
Transfer Goal
creativity.

Week No. Learning Competencies Assessment Performance Task Activities Resources

1. define basic terms in

Short Test Definition Activity
applied economics
2. identify the basic
economic problems of Situational Analysis Watching the News
1-4 the country
3. explain how applied
economics can be used Application of
Situational Analysis
to solve economic Economics
problems
1. explain the law of supply
and demand, and how
Case Analysis Problem Solving
equilibrium price and
quantity are determined
2. discuss and explain
factors affecting demand Short Test Quiz
and supply
3. compare the prices of
commodities and analyze Analysis Writing an Essay
the impact on consumers
5-10 4. explain market structures
(perfect competition,
Comparison Table Hang Man
monopoly, oligopoly, and
monopolistic competition)
5. analyze the effects of
contemporary issues
such as migration,
fluctuations in the Sharing of Insights
Situation Analysis
exchange rate, oil price
increases,
unemployment, peace
 and order, etc. on the
purchasing power of the
people
1. identify and explain
different principles, tools, Application of
Situational Analysis
and techniques in Principles
creating a business
11-14
2. distinguish the different
services/products of
Giving of Examples Group Game
business and industry in
the locality
1. identify and explain the
various socioeconomic
Short Test Case Analysis
factors affecting business
and industry
2. analyze and evaluate the
viability of a business
Case Analysis Case Study
and its impact on the
15-20 community
3. formulate
recommendations and
strategies on how to
Writing a
minimize and maximize a Essay
Recommendation
business’s negative
impact and positive
impact, respectively