DAILY LESSON LOG Polomolok National High

School Grade Level Twelve

School
Applied
Teacher MABELLE A. BAGTASOS Learning Area
Economics
Date and 11-08-2019 (8:30-9:30, 9:30-
Quarter First
Time 10:30, 12:30-1:30)

I. OBJECTIVES
A. Content Standard The learner demonstrates 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 Competency/Objectives define basic terms in applied economics ABM_AE12-Ia-d-1

Appreciate the idea of making choice;
II. CONTENT Introduction to Economics

III. LEARNING RESOURCES Book (Applied Economics) Page 2-3, Teacher’s Guide

A. References
1. Teacher’s Guide Pages Page 2-3

2. Learner’s Materials Pages

3. Textbook Pages

4. Additional Materials from Learning LRMDS, Internet, Books

Resource (LR) portal
B. Other Learning Resource

IV. PROCEDURES
A. Reviewing previous lesson or presenting the Is scarcity has anything to do with opportunity cost?
new lesson

B. Establishing a purpose for the lesson WATCH IT: SCARCITY AND CHOICE

As you watch the video, consider the following key points:

C. Presenting examples/Instances of the new
lesson
1. Economics is the study of how humans make
choices under conditions of scarcity.
2. Scarcity exists when human wants for goods and
services exceed the available supply.
3. People make decisions in their own self-interest,
weighing benefits and costs.
1. What classes are you taking this term?
Are you the lucky student who is taking every class you
wanted with your first-choice professor during the perfect
time and at the ideal location? The odds are that you have
probably had to make trade-offs on account of scarcity.
There is a limited number of time slots each day for classes
and only so many faculty available to teach them. Every
faculty member can’t be assigned to every time slot. Only
one class can be assigned to each classroom at a given
time. This means that each student has to make trade-offs
between the time slot, the instructor, and the class location.
D. Discussing new concepts and practicing
new skills #1
E. Discussing new concepts and practicing
new skills #2
Economic Goods and Free Goods
1. What is an example of a good which is not scarce?
Water in the ocean? Sand in the desert?
The Problem of Scarcity.
Guide Question:
1. What is the main problem of scarcity?
2. Can we eliminate this problem?

1. Developing mastery (leads to Formative Situational Analysis: Suppose two countries A and B
Assessment 3) possess the exact same amount and quality of land, labor,
capital and entrepreneurship. Can we say that each
country therefore produces the exact same level of output?

2. Finding practical application of concepts and What are the things that is free? How do we manage our
skills in daily living wants and needs?

3. Making generalizations and abstractions How important is choice and decision making in the
about the lesson movement of our economic system?

4. Evaluating learning Give a short quiz about the topic.

A. Essay
How does our choice and decision making
affects economics?
How do we manage our wants and needs?
5. Additional activities for application or
remediation
V. REMARKS
VII. 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 lesson 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:

MABELLE A. BAGTASOS Checked by:

Teacher I
MARY ANN F. BAJAR
Asst. Principal II