DAILY LESSON PLAN in APPLIED ECONOMICS
DATE & SECTION: 02/10/2020
GRADE 12 – SOUTH KOREA (7:40 – 8:40 M – TH)
GRADE 12 – TURKS & CAICOS (8:40 – 9:40 M – TH)
I. OBJECTIVES
a. Content Standard The learner demonstrates an understanding of…
Various socioeconomic impacts of business on the following
sectors: consumer, supplier and investors, government,
households, and international trade.
b. Performance Standard The learners shall be able to …
Conduct a socioeconomic impact study on consumers (new
product and services); suppliers; investors (capital, income)
government (tax revenues, poverty alleviation, basic services);
households (standard of living, employment) and international
trade (exports and imports of goods and services) leading to
options in venturing into a business.
c. Learning Competencies Identify and explain the various socioeconomic factors
affecting business and industry.
ABM_AE12II-e-g11
II. CONTENT 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)
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide Pages CG page 4
2. Learner’s Materials
Pages
3. Textbook
4. Additional Materials https://www.youtube.com/watch?v=S6U_kwwd71c
from: https://www.vocabulary.com/dictionary/socioeconomic
https://smallbusiness.chron.com/consumer-behavior-
influences-organization-31799.html
https://www.learnmanagement2.com/Suppliers.html
https://www.bbc.co.uk/bitesize/guides/zd987ty/revision/3
https://study.com/academy/lesson/the-nature-of-business-
raising-the-standard-of-living.html
https://www.investopedia.com/insights/what-is-
international-trade/
B. Other Learning Laptop,TV
Resources
IV. PROCEDURE
A. Reviewing the previous The teacher does a short recap of the discussion about the
lesson or presenting types of business industries.
new lesson.
B. Establishing the Purpose The teachers flashes this statement on the screen and asks the
of the Lesson. students ideas about it.
“Your most unhappy customers are your greatest source of
learning”
- Bill Gates
C. Presenting examples/ The teachers plays a video clip about how economic problems
Instances of the New affects business.
Lesson.
D. Discussing new concept The teacher defines socioeconomic factors and discusses how
and practicing new skills it can affect business and industry.
#1
E. Discussing new concept
and practicing new skills
#2
F. Developing Mastery Activity:
Group the class into 3 and have them work for the following
issue:
In your locality, give one socioeconomic problem that you can
observe and discuss the ways you may help the local
businesses deal with this problem.
G. Finding practical The teacher asks the class:
applications of concepts As future businessmen, how will you prepare for these
and skills in daily living. socioeconomic problems?
H. Making generalizations
and abstraction about
the lesson.
I. Evaluating Learning Conduct a short quiz.
1. It allows countries to expand their markets for both
goods and services that otherwise may not have
been available domestically.
2. It consists of one or more people who live in the same
dwelling and share meals.
3. A person who purchases goods and services for
personal use.
4. A person or organization that provides something
needed such as a product or service.
5. The governing body of a nation, state, or community.
6. 6-10 Briefly explain how government affects
business.
Answers:
International trade 2. Household 3. Consumer 4.
Supplier 5. Government 6. The government can change
the way businesses work and influence the economy
either by passing laws, or by changing its own spending
or taxes.
J. Additional activities for
application or
remediation.
V. REMARKS
VI. REFLECTION
Prepared by:
JOSHUA D. MANALON
SHS – Teacher II
