School MARONQUILLO NATIONAL HIGH SCHOOL Grade Level 12

GRADES 11 TO 12 Teacher Marites B. Vardeleon Learning Area Applied Economics

DAILY LESSON LOG
Teaching Dates and Time Week 4, September 18-22, 2023 Quarter Midterm, 1st Sem 2023-2024
Date: Sept. 18 (Mon) Date: Sept. 19 (Tues) Date: Sept. 21 (Thurs) Date: Sept 22 (Fri)
Session 1 Session 2 Session 3 Session 4
I. OBJECTIVES
The learners demonstrate an understanding of Economics as an Applied Science and its utility in addressing the economic problems of the country
A. Content Standards

The learners analyze and propose solutions to the economic problems using the principles of Applied Economics
B. Performance Standards

Explain circular-flow diagram Identify the major economic The learners will be able to explain The learners will be able to explain the
C. Learning Competencies/ as one simple model of the problems of the country; and the law of supply and demand, and law of supply and demand, and how
Objectives (Code)
economy; Examine the utility and application of how equilibrium price and quantity equilibrium price and quantity are
Give an example of a Applied Economics to solve issues and are determined. determined.
production possibilities problems. ABM_AE12-Ie-h-4 ABM_AE12-Ie-h-4
frontier; and
Analyze the law of increasing
opportunity cost
Economics as an Applied The Utility and Application of Applied The Law of Supply and Demand The Law of Supply and Demand
II. CONTENT Science Economics to Solve Economic Issues Market Equilibrium Market Equilibrium
and Problems
III. LEARNING
RESOURCES

A. References
1. Teacher’s Guide pages
2. Learner’s Materials
pages
3. Additional Materials from
Leaning Resource (LR) portal
B. Other Learning
Resources
Q1 M1 - Introduction to
Applied Economics
Laptop, TV
https://www.stlouisfed.org/
education/economic-
lowdown-video-series/
episode-8-production-
possibilities-frontier/law-of-
Q1 M2 - Examine the Utility and Q1 M3 - Market Demand, Market Q1 M3 - Market Demand, Market
Application of Applied Economics to Supply and Market Equilibrium Supply and Market Equilibrium
Solve Economic
Issues and Problems
Laptop, TV Laptop, TV Laptop, TV
https://saylordotorg.github.io/ https://www.investopedia.com/
text_economics-theory-through- terms/e/equilibrium.asp
applications/s12-01-market-supply-
and-market-deman.html

IV. PROCEDURES
A. Reviewing previous lesson
or presenting the new
lesson
B. Establishing a purpose for
the lesson
C. Presenting Examples /
Instances of new lesson
D. Discussing new concepts
and practicing new skills #1
E. Discussing new concepts
and practicing new skills #2
F. Developing mastery (Leads
to Formative Assessment 3)
G. Finding practical
applications of concepts
and skills in daily living
H. Making generalizations
and abstraction about
the lesson
I. Evaluating Learning
J. Additional Activities for
application or remediation:
V. REMARKS
increasing-opportunity-cost
The last group will present
action plan that will help
achieve the 5th vision of the
Philippine Agenda 21
Explain: Life is all about
sacrifice
What does an academic
achiever sacrifices?
Discussion circular-flow
diagram as one simple model
of the economy
Discussion on production
possibilities frontier and
opportunity cost
What am I giving up now to
have this?
What am I giving up in the
future to have this now?
Give some real-life examples
of opportunity costs.
Explain why every decision
involves trade-offs.
Exit 3-2-1
Objectives and lessons set last
week were not met due to
time contraints.
Short quiz on the previous topic
Picture Analysis on the major
economic problems of the country
What are some of the ways that the
gov’t is using to address these
problems?
Economic Problems 1-3
Recommendation/Solution
Economic Problems 4-5
Recommendation/Solution
Activities
True/False
Matching Type
Given the chance, what interventions
will you use to solve these economic
problems?
How does Applies Economics solve
economic issues and problems?
Choose one of the economic
problems and answer this question:
How can you solve the problem?
Cite other economic problems that
impacted our country’s economy.
Ask the learners about the
products that are currently in
demand.
Explain the importance of knowing
the law of supply and demand.
Ask the students to give examples
of products that they usually buy.
Discuss the concept of law of
supply.
Discuss the concept of law of
demand.
Ask the learners to explain why
they purchase a particular product.
Ask the learners to cite instances of
their daily activities where law of
supply and demand transpired.
What are the factors that can cause
change in supply and demand?
Make a 2 statement summary of
what you have learned today.
Cite the law of supply and demand.
Explain the importance of knowing the
market equilibrium and quantity.
Ask the learners about the current
prices of basic commodities.
Explain what is market equilibrium.
Ask the learners how most
commodities in the market are priced
by the producers or sellers.
Ask the learners to solve market
equilibrium using the given equation.
Explain what happens when there is a
market disequilibrium.
Ask the learners to plot a graph
showing the attainment of market
equilibrium.
 VI. REFLECTION

A. No. of learners who earned 80% ABM 12: ABM 12 : ABM 12 : ABM 12 :
on the formative assessment
B. No. of learners who require
ABM 12: ABM 12 : ABM 12 : ABM 12 :
additional activities for remediation
C. Did the remedial lessons
worked? 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 : Inspected by :

MARITES B. VARDELEON MICHIEL C. GONZALES RICHARD C. BAGTAS

Teacher Social Studies Coordinator MNHS PRINCIPAL I