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? Week 6 Lesson Discussion

The lesson plan for Week 6 of Applied Economics focuses on Production and Cost Analysis for Grade 12 ABM students, with a total duration of 2.5 hours. Students will learn key concepts such as production processes, types of costs, and the differences between short-run and long-run production through lectures, activities, and discussions. The session includes practical applications like cost analysis simulations and evaluations to reinforce understanding of how cost behavior affects business decisions.

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17 views4 pages

? Week 6 Lesson Discussion

The lesson plan for Week 6 of Applied Economics focuses on Production and Cost Analysis for Grade 12 ABM students, with a total duration of 2.5 hours. Students will learn key concepts such as production processes, types of costs, and the differences between short-run and long-run production through lectures, activities, and discussions. The session includes practical applications like cost analysis simulations and evaluations to reinforce understanding of how cost behavior affects business decisions.

Uploaded by

dummy04171985
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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📚 WEEK 6 LESSON PLAN – Applied Economics (2.

5 Hours)

Grade Level: Grade 12 – ABM


Subject: Applied Economics
Week: 6
Topic: Production and Cost Analysis
Time Allotment: 2.5 hours
Mode: Lecture-discussion, computational and analysis activities

🎯 Learning Objectives

By the end of the session, learners should be able to:

1. Explain the concept of production and its importance in


economics.

2. Differentiate between short-run and long-run production.

3. Identify and compute types of costs of production (e.g., fixed,


variable, total, marginal, average).

4. Analyze how cost behavior influences business decisions.

🧠 Lesson Sequence

⏰ Part 1: Motivation / Warm-Up (15 minutes)

Activity: “Build-a-Burger Business”

 Ask students:

If you were to start a burger stand, what resources do you need?


What costs will you incur?

 Write responses under two columns:

o Fixed Costs (e.g., rent, equipment)

o Variable Costs (e.g., buns, meat, utilities)

📌 Transition: Understanding how businesses produce and manage


costs is essential in economics and entrepreneurship.
⏰ Part 2: Lecture-Discussion (60 minutes)

🔹 A. What is Production in Economics?

 Definition: The process of combining inputs to make outputs.

 Involves decisions like:

o What to produce

o How to produce

o For whom to produce

🔹 B. Short Run vs. Long Run Production

Short Run Long Run

At least one input is fixed (e.g., All inputs can be varied (e.g.,
space) expand facility)

Focus on maximizing output with Focus on planning and scaling


current capacity production

🔹 C. Cost Concepts

Cost Type Description

Constant regardless of output (e.g.,


Fixed Cost (FC)
rent)

Variable Cost Changes with output (e.g.,


(VC) materials)

Total Cost (TC) FC + VC

Average Cost
TC ÷ quantity produced
(AC)

Marginal Cost Change in TC when one more unit is


(MC) produced

💡 Sample problem-solving:

If FC = ₱5,000 and VC = ₱2,000 per unit, what is TC and AC for 3


units?
⏰ Part 3: Guided Activity (30 minutes)

Title: “Cost Analysis Simulation”

 Students are grouped and given a business scenario with cost


data.

 Tasks:

o Identify fixed and variable costs

o Compute total, average, and marginal cost

o Create a simple cost table

📊 Optional: Plot a cost graph showing cost behavior as output


increases.

⏰ Part 4: Application Discussion (15 minutes)

Ask:

 Why is understanding marginal cost important for pricing?

 What happens if the cost of raw materials suddenly increases?

 How do small businesses control production costs?

📌 Encourage students to relate concepts to real businesses (e.g.,


sari-sari store, milk tea shop).

⏰ Part 5: Evaluation / Quiz (15 minutes)

Sample Quiz Questions:

1. Define fixed cost and give an example.

2. Differentiate short-run and long-run production.

3. If TC = ₱15,000 for 3 units, what is the average cost?

4. Why is marginal cost useful for decision-making?

📝 Add one problem-solving item based on a cost table.

📘 Materials Needed
 Cost computation worksheet

 Sample cost data and business scenarios

 Graphing paper or plotting tool (optional)

 Quiz sheet

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