De La Salle John Bosco College DAILY LEARNING PLAN IN

La Salle Drive, Mangagoy, Bislig City

Senior High School Department APPLIED ECONOMICS
Lesson: Lesson 1: Revisiting Economics as a Social Science, 1 Quarter: Two

Grade: Eleven Subject Teacher: Mr. Anthony Louise B. Malazarte

Content Standard: The learner demonstrates an understanding of economics as an applied science and its utility in addressing the economic problems of the country.

Performance Standard: The learners shall be able to analyze and propose solution/s to the economic problems using the principles of applied economics.

Institutional Values/ Learning Competencies Strategies

21st Century Skills
(MELCS DepEd (3 I’s) References Remarks
Curriculum)

Institutional Value/s: Most Essential Learning DAY 1 Cadile & Pefianco,

Competency (MELC): (2017). ABM Applied
● Patience and Economics, Page 3 –
Gentleness I. INTRODUCTION 4.
● Differentiate
economics as social
science and applied Dave, (2021). Four
21st Century Skills:
science in terms of ✔ Preliminaries Factors of Production,
nature and scope The Four Factors of
● Creativity - Opening Prayer Production - YouTube
- Greetings
● Collaboration
● Examine the utility - Attendance Check
and application of
● Communication
applied economics to - Setting of Standard - presentation of the lesson objectives

DAILY LEARNING PLAN IN APPLIED ECONOMICS 11, SY 2022-2023 | Page 1 of 10

 ▪ Throughout the lesson, the students are expected to:
solve economic issues
● Media Literacy
and problems

1. Identify the concept of scarce resources, particularly the four

● Information
factors of production;
Literacy
2. describe the four factors of production and;
● Technology
3. share the importance of concepts of scarce resources.
Literacy

✔ Motivation – Manual Computation Activity

- The teacher gives a class activity entitled 4 pics 1 word game.

- The teacher gives the instructions to the students.

▪ Presented on the screen are the four pictures that represents a word
related to the topic.

▪ The first student who raise their hands will be given the opportunity to
write their answer at the board.

▪ If the answer is correct, then the student will receive an additional 2

point to the test after the discussion.

▪ However, if the answer is incorrect, another student will be given a

chance to answer.

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 - Then, the teacher gives two guide questions to process the said activity.

▪ Guide Questions:

1. What do you observe based on our activity?

2. Do you have any ideas on the concept of scarce resources?

II. INTERACTION

✔ Lesson Proper

- The teacher discusses what is Concept of Scarce Resources.

▪ Scarcity – is the concept that resources are only available in limited

supply.

▪ Resources - refers to all the materials available in our environment.

- The teacher presents the Four Factor of Production.

▪ Land

▪ Labor

▪ Capital

▪ Entrepreneurial ability

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 - The teacher discusses the first factor of production, Land.

▪ The land used as space to create the product or services to satisfy the
wants and needs.

- The teacher then asks the students for examples of Natural resources which is
related to the first factor of production.

▪ Gold

▪ Oil

▪ Fertile land

▪ Water

▪ Timber

▪ And many more

- The teacher discusses the second factor of production, Labor.

▪ Labor is any mental or physical efforts, and its compensation are the
salaries and wages.

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 ▪ Nothing gets converted to into a production without labor.

▪ Also referred as “Human Capital”

- The teacher then asks the students for examples of Laborers.

▪ Nurse

▪ Artist

▪ Mechanic

▪ Youtuber

▪ And many more

- The teacher discusses the third factor of production, Capital.

▪ Capital has two main categories physical capital and financial capital.

▪ We can relate the human capital to physical capital.

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 - The teacher then asks the students for examples of capital.

▪ Buildings

▪ Machines

▪ Cash

▪ And many more

- The teacher discusses the fourth factor of production, Entrepreneurial Ability.

▪ Entrepreneurial ability is considered a necessary skill to efficiently mix

the other three factors.

▪ The entrepreneur is a person who analyze the SWOT, identifies an

unmet need and combines the other three factors to supply the
products and services to satisfy the wants and needs of the customers.

- The teacher discusses the summary and importance of the concept of scare
resources.

▪ The four factors are depended to one another to produce a quality

product and a successful business.

▪ But again, due to climate change and modern phenomena, these four

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 factors of productions are sometimes in scarce.

III. INTEGRATION

✔ Valuing:

- The teacher presents the reflection question to the students.

✔ In your own opinion, what do you understand about the statement

“We cannot have it all” and how can you relate it to our topic
today?

- The teacher asks random students to share their own

ideas/insights/understanding about the question.

✔ 10 items Quiz

- The teacher gives the instructions to the students.

▪ The teacher asks the students to prepare 1/4 sheet of paper for the
quiz.

▪ Numbers 1 – 5 will be multiple choice. Students will choose the correct

Letter and write it on their paper.

▪ Numbers 6 – 10 will be true or false. Students will write true if the

statement is correct and false if the statement is wrong.

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 ▪ After the quiz, the teacher and the students will check the answers
together.

A. Multiple Choice 1 – 5

1. What where the four factors of production? (Answer C)

a. Labor, Company, Land, Businessman
b. Entrepreneurial ability, Human Capital, Physical Capital, Land
c. Capital, Land, Labor, Entrepreneurial Ability
d. Human Capital, Physical Capital, Mental Capital, Land Capital

2. A person who has the necessary skill to efficiently mix the other three factors.
(Answer B)
a. Manager
b. Entrepreneur
c. Businessman
d. Employee

3. Doctors, Teachers, and Nurses are under what factor of production. (Answer B)
a. Land
b. Labor
c. Capital
d. Entrepreneurial Ability

4. It is the concept that resources are only available in limited supply.

(Answer A)
a. Scarcity
b. Entrepreneurship
c. Entrepreneurial Ability
d. Resource

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 5. Labor is often referred as (Answer B)
a. Financial Capital
b. Human Capital
c. Entrepreneurial Ability
d. Entrepreneurship

B. True or False 6 – 10

6. The two main categories of Capital were Land Capital and Financial Capital.
(False)
7. The four factors of productions are Land, Labor, Capital and Entrepreneurial
Ability. (True)
8. Labor is the necessary skill to efficiently mix the other three factors (False)
9. Resource refers to all the materials available in our environment (True)
10. Scarcity is the concept that resources are only available in limited supply.
(True)

(The teacher reveals to the class who got the highest score/points)

(The teacher checks if all the objectives were met before ending the class)

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 ✔ Closing Prayer

----- END OF LESSON 5------

Prepared by: Checked by:

ANTHONY LOUISE B. MALAZARTE MRS/MR

Course Instructor Learning Leader,

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