DAILY School VNHSE Grade Level 12

LESSON LOG Teacher AURELYN F. FIELDAD Learning Area APPLIED ECONOMICS

Teaching Dates and Time September 5-9, 2022 Quarter 1

SESSION 1 SESSION 2 SESSION 3 SESSION 4

I. OBJECTIVES After going through these lessons, learners are expected to:
1. State the law of demand and supply and define market equilibrium.
2. Explain the law of demand and supply and illustrate how equilibrium price and quantity are determined.
3. Discuss and explain the factors affecting demand and supply.
4. Apply the principles of demand and supply to illustrate how prices of commodities are determined.
5. Analyze how demand and supply forces can affect the value of the Philippine peso and foreign currencies.

A. Content Standards The learner demonstrates an understanding of Economics as an Applied Science and its utility in addressing the economic problems of the country.
B. Performance The learner shall be able to analyze and propose solution/s to the economic problems using the principles of Applied Economics.
Standards
C. Learning Competency *Analyze market demand, market suppy and market equilibrium.
II. CONTENT  Law of Demand  Determinants of Demand / Demand  Law of Supply  Determinants of Supply /
Shifters Supply Shifters
III. LEARNING
RESOURCES
A. References
1. Teacher’s Guide
Pages
2. Learner’s Material
Pages
3. Textbook pages
4. Additional Materials Learning Activity Sheets for Applied Economics Quarter 1, Week 3
from Learning AIRs-SLM in Applied Economics Week 3: Module 3
Resource (LR) portal
B. Other Learning Law of Demand by Khan Academy - https://www.youtube.com/watch?v=ShzPtU7IOXs&t=15s
Resources Factors Affecting Demand by Khan Academy - https://www.youtube.com/watch?v=scN-1B6plos
Ang Batas ng Demand ni Sir Toby https://www.youtube.com/watch?v=9OPpPZydVXg
Mga Salik na Nakakaapekto sa Demand ni Sir Toby - https://www.youtube.com/watch?v=8lAp8Jp69eQ
Law of Supply by Khan Academy - https://www.youtube.com/watch?v=3xCzhdVtdMI&t=232s
Factors Affecting Supply by Khan Academy – https://www.youtube.com/watch?v=0isM0GF-rMI
Ang Law of Supply ni Sir Toby - https://www.youtube.com/watch?v=D0JOzMxO66k
MELC-Based: Mga Salik Na Nakaaapekto Sa Supply by Amethy TV- https://www.youtube.com/watch?v=-i0MHd2MBMY
Bandwagon Effect & Snob effect Explained in | Learn Economics on Ecoholics - https://www.youtube.com/watch?v=-IHFWXcDC84
Marginal Utility by Khan Academy - https://www.youtube.com/watch?v=Kf9KhwryQNE&t=96s

IV. PROCEDURES
A. Reviewing Present the lesson through “CETERIS Present the lesson through the “Law of Review of past lessons - Law of Demand Present the lesson through
previous lessons PARIBUS”assumption. Diminishing Marginal Utility” “Bandwagon Effect” and “Snob
or presenting the Effect” theories.
new lesson
(ELICIT)
B. Establishing a In this lesson, the learners will be able to: In this lesson, the learners will be able to: In this lesson, the learners will be able to: In this lesson, the learners will be
purpose for the 1. define and illustrate the Law of Demand 1. enumerate and explain the factors affecting 1. define and illustrate the Law of Supply able to:
lesson or (Demand Schedule, Demand Curve and the Law of Demand; and (Supply Schedule, Supply Curve and Supply 1. enumerate and explain the
presenting Demand Function); and 2. realize how these factors affect the Function); and factors affecting the Law of
examples/instance 2. realize how the Law of Demand affects the economy and their lives as a student and as 2. realize how the Law of Supply affects the Supply; and
s of the new economy and their lives as a student and as a a citizen. economy and their lives as a student and as a 2. realize how these factors affect
lesson. (ENGAGE) citizen. citizen. the economy and their lives as a
student and as a citizen.

C. Discussing new Learners will be given a sample illustration of Learners will be given a sample illustration of Learners will be given a sample illustration of Learners will be given a sample
concepts and the following to analyze: the following to analyze: the following to analyze: illustration of the following to
practicing new  Demand Schedule  Supply Schedule analyze:
skills. (EXPLORE)  Demand Curve  Supply Curve
 Demand Function Supply Function

Source:
Source: https://enotesworld.com/
https://keydifferences.com/difference- movement-along-and-shift-in-
between-movement-and-shift-in-demand- supply-curve/
curve.html
D. Developing Further discussion of the concepts in the SLM: Further discussion of the concepts in the SLM Further discussion of the concepts in the SLM: Further discussion of the
Mastery  Law of Demand and Supplemental Learning Material including  Law of Supply concepts in the SLM and
(EXPLAIN)  Ceteris Paribus recommended articles and FAQs:  Ceteris Paribus Supplemental Learning Material:
 Determinants of Demand  Determinants of Supply
 Elastic and Inelastic Demand  Elastic and Inelastic
Supply

E. Finding practical Ask the students how the lesson affects the Ask the students how the lesson affects the Ask the students how the lesson affects the Ask the students how the lesson
application of economy and their lives and how will they economy and their lives and how will they economy and their lives and how will they affects the economy and their
concepts and skills apply their learnings in daily living. apply their learnings in daily living. apply their learnings in daily living. lives and how will they apply their
in daily living/ learnings in daily living.
making
generalizations
and abstractions
 about the lesson.
(ELABORATE)
F. Evaluating learning Group Activity: Group Activity: Group Activity: Group Activity:
(EVALUATE) Answer Activity A on page 13 of the LM Using Activity A as basis, A new demand Answer Activity B on page 14 of the LM Using Activity B as basis, A new
schedule (applying demand shifters) is supply schedule (Applying supply
provided. Learners will determine and shifter) is provided. Learners will
interpret the changes in the quantity determine and interpret the
demanded. changes in the quantity
demanded.
G. Additional activities For enrichment purposes, learners may watch For enrichment purposes, learners may For enrichment purposes, learners may watch For enrichment purposes,
for application or the YouTube link below (or shared through the watch the YouTube link below (or shared the YouTube link below (or shared through the learners may watch the YouTube
remediation. Messenger): through the Messenger): Messenger): link below (or shared through the
(EXTEND) Messenger):
Ang Batas ng Demand ni Sir Toby Mga Salik na Nakaaapekto sa Demand Ang Law of Supply ni Sir Toby - MELC-Based: Mga Salik Na
https://www.youtube.com/watch? https://www.youtube.com/watch? https://www.youtube.com/watch? Nakaaapekto Sa Supply ng
v=9OPpPZydVXg v=8lAp8Jp69eQ v=D0JOzMxO66k Amethy TV-
https://www.youtube.com/watch?
For Assignment purposes: For Assignment purposes: v=-i0MHd2MBMY
1. What are the determinants of demand? 1. What is “Bandwagon Effect” in
2. What is the “Law of Diminishing Marginal Economics?
Utility”? 2. What is “Snob Effect” in Economics?
V. REMARKS Supplemental Learning Material including recommended articles were provided to the learners (Printed, Digital, via GDrive or sent through Messenger):
 Learning Activity Sheets, Applied Economics, Quarter1-Week3
 Determinants of Demand
https://www.wallstreetmojo.com/determinants-of-demand/
 Determinants Of Supply
https://www.wallstreetmojo.com/determinants-of-supply/
VI. 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

lessons 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: Checked by: Noted:

AURELYN F. FIELDAD MARITES P. INIBA ANITA R. PRESTO

Teacher II Master Teacher II-SHS Group Head Principal III
Market Equilibrium | Supply, demand, and market equilibrium | Microeconomics | Khan Academy - https://www.youtube.com/watch?v=PEMkfgrifDw
Changes in Market Equilibrium by Khan Academy - https://www.youtube.com/watch?v=NgPqyM3I_8o
Ang Ekwilibriyo sa Pamilihan at ang Interaksyon ng Demand at Supply (MELC-based video lecture) - https://www.youtube.com/watch?v=xHLS5fx_Rcc