K to 12 BASIC EDUCATION CURRICULUM

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

Grade: 12 2nd Semester

Subject Title: Applied Economics No. of Hours/ Semester: 80 hours/ semester
Prerequisite (if needed):

Subject Description: 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 identification of potential business
opportunities. The main output of the course is the preparation of a socioeconomic impact study of a business venture.

CONTENT PERFORMANCE LEARNING COMPETENCIES

CONTENT CODE
STANDARDS STANDARDS
Quarter I. The learner The learners shall be able
Chapter 1 demonstrates an to…
Introduction to Applied The learners…
understanding of… ABM_AE12-Ia-d-1
Economics 1. define basic terms in applied economics

1.1 Revisiting Economics as a economics as an analyze and propose

social science applied science and solution/s to the economic
1.2 Economics as an applied its utility in problems using the
2. identify the basic economic problems of
science addressing the principles of applied ABM_AE12-Ia-d-2
the country
1.3 Basic economic problems economic problems economics
and the Philippine of the country
socioeconomic development
in the 21st century
3. explain how applied economics can be
ABM_AE12-Ia-d-3
used to solve economic problems

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 1 of 6
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT PERFORMANCE LEARNING COMPETENCIES
CONTENT CODE
STANDARDS STANDARDS
Chapter 2 the law of supply conduct a survey of current 1. explain the law of supply and demand,
Applied Economics: and demand, and economic situations within and how equilibrium price and quantity ABM_AE12-Ie-h-4
factors affecting the the vicinity are determined
2.1 Application of Supply economic situation
and Demand
a. Prices of basic
commodities 2. discuss and explain factors affecting
ABM_AE12-Ie-h-5
b. Labor supply, population demand and supply
growth, and wages
c. Labor migration and
the Overseas Filipino
Worker (OFW) 3. compare the prices of commodities and
phenomenon ABM_AE12-Ie-h-6
analyze the impact on consumers
d. The Philippine peso
and foreign currencies

e. The Philippine housing

shortage and the real 4. explain market structures (perfect
estate boom: competition, monopoly, oligopoly, and ABM_AE12-Ie-h-7
monopolistic competition)
Rent and Price structure

2.2 Contemporary Economic

5. analyze the effects of contemporary
Issues Facing the Filipino
Entrepreneur issues such as migration, fluctuations in
ABM_AE12-Ie-h-8
a. Investment and interest the exchange rate, oil price increases,
rate unemployment, peace and order, etc. on
b. Rentals the purchasing power of the people
c. Minimum wage
d. Taxes

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 2 of 6
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT PERFORMANCE LEARNING COMPETENCIES
CONTENT CODE
STANDARDS STANDARDS
QUARTER II industry analysis, its apply tools and techniques
Chapter 3. principles, tools, and for business opportunities
Industry and Environmental techniques leading like the SWOT/TOWS
Analysis: to the identification analysis
Business Opportunities of business
Identification opportunities conduct a survey of macro 1. identify and explain different principles, ABM_AE12-IIa-d-
and micro environments tools, and techniques in creating a 9
3.1 Principles, Tools, and affecting business in a business
Techniques locality
a. competition
b. customers
c. suppliers
d. competitors
e. substitutes

3.2 Types of Industries

a. agribusiness ABM_AE12II-a-d-
2. distinguish the different
b. manufacturing 10
services/products of business and
c. retail and services industry in the locality
d. international trade (exports
and imports)

3.3 identification of Business

Opportunities

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 3 of 6

SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT
Chapter 4.
Socioeconomic Impact Study
a. consumer (new
products and services)
b. suppliers -
investors(capital,
income)
c. government(tax
revenues, poverty
alleviation , basic
services)
d. households (standard
of living, employment)
e. international trade
(exports and imports of
goods and services)
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016
K to 12 BASIC EDUCATION CURRICULUM
CONTENT PERFORMANCE LEARNING COMPETENCIES
CODE
STANDARDS STANDARDS
various conduct a socioeconomic
1. Identify and explain the various
socioeconomic impact study on consumers
socioeconomic factors affecting business
impacts of business (new product and ABM_AE12II-e-g-
on the following services); and industry
11
sectors: consumer, suppliers; investors
supplier and (capital, income)
investors, government (tax revenues,
government, poverty alleviation, basic
households, and services); 2. analyze and evaluate the viability of a ABM_AE12II-e-g-
international trade households (standard of business and its impact on the community 12
living, employment) and
international trade (exports
and imports of goods and
services) leading to options
in venturing into a business
3. formulate recommendations and
strategies on how to minimize and ABM_AE12II-e-g-
maximize a business’s negative impact 13
and positive impact, respectively
Page 4 of 6
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

Code Book Legend

Sample: ABM_AE12-Ia-d-1

LEGEND SAMPLE

Learning Area and Strand/ Subject or

Accountancy, Business and Management
Specialization
First Entry

Grade Level Grade 12 ABM_AE12

Domain/Content/
Uppercase Letter/s Applied Economics
Component/ Topic

Roman Numeral
Quarter First Quarter I
*Zero if no specific quarter
Lowercase Letter/s
*Put a hyphen (-) in between letters to Week Weeks one to four a-d
indicate more than a specific week
-

Arabic Number Competency define basic terms in applied economics 1

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 5 of 6
 K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT

References:

Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).

Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale Industries.
2007. http://www.serdef.org/

Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).

Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook. (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
2015).

Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).

Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright.
http://www.serdef.org/2013.

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