ARELLANO UNIVERSITY

Senior High School Department

Juan Sumulong Campus
2600 Legarda St., Sampaloc, Manila

Weekly Lesson Plan

Date
Grade & Section Content Standard/ I. Objectives II. Subject Matter III. Procedure IV. Assessment
Learning Area Performance
Class Period) Standard
(Date) Content Standard: After this lesson, the A. Topic: A. Daily Routine: (Date)
The learners learners will be able Introduction to 1. Greetings
Applied Economics demonstrate an to: Economics 2. Prayer Modality:
economics as an a. Define the 3. Attendance Asynchronous
(Strand and applied science and basic terms B. References: Classes
Section) its introduction. in Textbook: B. Review:
(Time) economics; Module in Applied (Recall or reminders of A. Diagnostic:
b. Understand Economics given activities last lesson) 1. Define Applied
(LAHAT PO NG Performance the meaning Author: Mario Economics in your
SECTION HANDLE Standard: and history Bautista C. Motivation: own words.
NINYO AT TIME PO The learners shall of “Picture my Products” – 2. It is said that we
ILALAGAY) be able to identify economics; C. Time Allotment: pictures of daily products cannot solve
different meanings c. Explain the In-person Classes: will be shown to the economic problems
and uses of branches _____mins. /week students to explain the by making economic
economics as a and the importance of studying solutions alone. If
subject and factors of Synchronous economics. this is so, why, or
understand. production. Classes: why not?
_____ mins. /week Lesson Development (4 3. What makes
A’s) Macroeconomics
Activity: differ from
Asynchronous
The students will be Microeconomics by
Classes: drawing an object that will giving simple
_____mins. /week symbolize the economy examples with
and they will explain the thorough
D. Instructional symbol in 1-3 sentences explanation.
Materials: only.
Audiovisual B. Formative:
*Slide Analysis: (Short quiz about the
Follow-up question: lesson)
Presentations
1. What is your symbol?
Hand-outs
2. How did it represent the C. Summative:
economy? (Quiz or Essay about
the lesson)
Abstraction:
The following topics will be
defined and discussed in
the class:
Understanding Applied
Economics:
Applied Economics – is the
application of economic
theory to determine the
likely outcomes associated
with various possible
courses of action in the
real world.

Economics is come from

the Greek word
“oikonomia” (Oikos means
House and Nomos means
Rules)

Adam Smith (1723-1790) –

Father of Economics
Importance of Economics:
Five reasons why we need
to study the Economics:
1. Informs decision
2. Influences
decisions
3. Impact industries
4. Inspire business
success
5. International
standpoint

Nature of Economics:
Economics is a science. A
science is a systematic
body of knowledge built
upon by conscious efforts.
Economics is concerned
with human beings and his
behavior.

Scarcity – is a situation
where in human wants and
needs for exceed available
resources.

Human needs are the basic

needs while the Human
wants are the goods and
services that are not
necessarily needed for
survive.

Categories of Resources:
 a. Land
b. Labor
c. Capital
d. Entrepreneur

Commodities:
1. Goods
2. Services

According to Use:
1. Consumer Goods
2. Producer Goods

According to Purpose:
1. Basic Goods
2. Luxury Goods

According to Availability:
1. Economic Goods
2. Free Goods

Two Branches of
Economics:
1. Microeconomics
2. Macroeconomics

Basic Economic Problems:

1. What to produce?
2. How much to
produce?
3. How to produce?
4. For whom to
produce?
Price Theory – the process
of setting price of goods.

Opportunity Cost – refers

to the value of the best
forgone alternative.

Economic System - is the

means through which
society determines the
answer to the basic
economic problems.

Three Types of Economy:

1. Traditional
Economy
2. Command
Economy
3. Market Economy

Decision Making - is the

analysis of identifying and
selecting alternative based
on the values, priorities
and preferences of the
decision maker.

Application:
A. Seatwork
DLP No. 1 – Using the Venn
diagram, compare and
contrast “Applied
Economics” and “Science
and Economics”