Republic of the Philippines
Department of Education
Region VII, Central Visayas
Division of Bohol
City of Tagbilaran
LESSON PLAN IN APPLIED ECONOMICS
GRADE: 12 QUARTER: 1 WEEK: 2 DAY: 1
COMPETENCY Examine the utility and application of applied economics to solve economic
:
issues and problems.
OBJECTIVE/S : Describe the role of economics in solving poverty.
CONTENT : Economics and Poverty
LEARNING SLM Q1 Module 2, Applied Economics for A Progressive Philippines by Tereso S.
:
RESOURCES Tullao Jr., PhD., pp. 25-34
PROCEDURE : A. Preparation
Routinary Activities
B. Motivation
Show a picture to the class and ask them to describe the picture.
C. Presentation
Introduce the lesson on poverty.
D.Discussion/Abstraction
Poverty is a restricting condition experienced by millions of families that
prevents them in attaining the minimum level of consumption for subsistence
living.
Two categories of poverty:
Absolute Poverty refers is the lack of income to buy the basic food and
necessities for subsistence living.
Relative poverty refers to the structures on how the national income is
being distributed among households in an economy.
Economics various interventions in addressing the problem of Absolute
Poverty:
Provide free meals
Provide housing
Provide adequate clothing
Economics various interventions in addressing the problem of Relative Poverty:
Improve income distribution like taxation, income transfers and other programs
focuses on income generation
E. Exercises
Directions: Check the correct answer on the space provided.
1. Poverty limits the attainment of level of consumption for subsistence living.
_____ TRUE _____ FALSE
2. Relative poverty is the lack of income to buy the basic food and necessities for
subsistence living.
_____ TRUE _____ FALSE
F. Generalization
Poverty is a restricting condition experienced by millions of families that
prevents them in attaining the minimum level of consumption for subsistence
living.
G. Application
Give at least two roles of economics in solving poverty.
H. Evaluation
Differentiate absolute and relative poverty.
I. Agreement/Assignment
Study the topic on demography and economics.
Prepared by:
RHYAN R. ERONICO
Writer