College of Subic Montessori Subic Bay Campus

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GRADE LEVEL/STRAND
Detailed Teaching Syllabus

1stSemester , Course Code/Number Course Title: Day/Time: Hours per week: Prerequisite
Academic Year: T-TH
2019-2020 ABM_AE12 Applied Economics (T) 8:00-10:00 4.5 None
(TH) 8:00-8:30
COURSE OUTCOME:
At the end of the semester the Grade 12- ABM students are expected to:
1. Understand fully Economics as an applied science.
2. Solve the world problems about Law of Demand and Supply.
3. Find the Market Equilibrium.
4. Differentiate the three Market competition.
5. Discover the skills of a young entrepreneur

GENERAL COURSE DESCRIPTION: This course deals with the basic principles of applied economics, and its application to contemporary economic issues facing the
Filipino entrepreneur such as prices of commodities, minimum wage, rent, and taxes. It covers an analysis of industries for identification of potential business opportunities. The
main output of the course is the preparation of a socioeconomic impact study of a business venture.

COURSE CALENDAR
UNITS/TOPICS/SUBJECT MATTER No. of Hours Jun Week Jul Aug Week Sep Week Oct Week
Week
Lec. Lab Total 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Chapter 1
Introduction to Applied Economics
1.1 Revisiting Economics as a social science 4.5 4.5 X X
1.2 Economics as an applied science
1.3 Basic economic problems and the Philippines
 socioeconomic development in the 21st century

Chapter 2
Applied Economics:
4.5 4.5 X X
2.1 Application of Supply and Demand
a. Prices of basic commodities
b. Labor supply, population growth, and wages
c. Labor migration and the Overseas Filipino Worker
(OFW)Phenomenon and Decimal
3. Business Application/Solving Word Problems

d. The Philippine peso and foreign currencies

e. The Philippine housing shortage and the real
estate boom: Rent and Price structure 4.5 4.5 X X X

2.2 Contemporary Economic

Issues Facing the Filipino Entrepreneur
a. Investment and interest rate
b. Rentals
c. Minimum wage
d. Taxes
QUARTER II
Chapter 3.
Industry and Environmental Analysis:
Business Opportunities Identification 4.5 4.5 X X X

3.1 Principles, Tools, and

Techniques
a. competition
b. customers
c. suppliers
d. competitors
e. substitutes
3.2 Types of Industries
a. agribusiness
b. manufacturing
c. retail and services
d. international trade (exports and imports) 4.5 4.5 X X X

3.3 identification of Business Opportunities

Chapter 4.
Socioeconomic Impact Study
a. consumer (new products and services)
b. suppliers - investors(capital, income) 4.5 4.5 X X X
c. government(tax revenues, poverty alleviation , basic services)

d. households (standard of living, employment)

e. international trade (exports and imports of goods and services)
4.5 4.5 X X

Total 31.5 31.5

INTENDED LEARNING
Week/Inclusiv TOPICS OUTCOME (ILO) TEACHING-LEARNING ASSESSMENT TIME REFERENCES/ REMARKS
e Date (Knowledge, ACTIVITIES TASK FRAME TEACHING
Understanding, DEVICES
Proficiency)
Chapter 1 .
Introduction to Applied The class will be divided into four Activity 1
Economics Discuss why economics is groups; each group will choose Economic Poster R1
Week 1&2 1.4 Revisiting an applied science one definition of Economics. R2
Economics as a They will create a poster about it. 2 Weeks R3
social science Explain and share it with the
1.5 Economics as an class.
 applied science Explain the basic economic
1.6 Basic economic problems Each group will think of a Activity 2
problems and the product that experiencing scarcity Scarcity
Philippines and suggest how it will solve.
socioeconomic Understand how applied
development in economics work Now each group will answer the Activity 3
the 21st century three economic questions and Three Economic
choose a certain product. Question

The facilitator will ask the same Activity 4

group to give example or 21st Century
examples of the given basic problems
economic problems confronting confronting the
the development of the Philippines
Philippines in the 21st Century.
Explain.

The teacher then will check the

examples of each group

Chapter 2 The facilitator will group the Activity 5

Applied Economics: Explain the law of demand. class into four; each group will Law of Demand
brainstorm a list of TV
2.1 Application of Supply Interpret a demand advertisements you believe are
Week 3&4 and Demand schedule and a demand particularly persuasive. Explain
curve. how each is designed to shift
a. Prices of basic consumer demand curves for a 2 Weeks
commodities Explain the law of supply product. To which of the
determinants of demand do ads
b. Labor supply, Describe the elasticity of appeal? Compare your answers R1
population growth, and supply and explain how it is with those of other team R2
wages measured. members. R3

c. Labor migration and The same team will identify five Activity 6
the Overseas Filipino products that have experienced Law of Supply
 Worker (OFW) either an increase or a decrease in
Phenomenon supply over the past year. Explain
what event(s) caused the shift in
supply for each of the products
and which of the five
determinants of supply the shift
demonstrates. Discuss your
team’s work in the class.

Now each group will draw a Activity 7

graph of the demand and supply Equilibrium Price
for running shoes from the given
data in the demand and supply
schedules. They will determine
the equilibrium price and solve
what’s going to happen to the
price, quantity demanded and
supplied if the current price was
P600.

The facilitator will ask the

students how they done their
work and check if they got it
right.

d. The Philippine peso The facilitator will group the Activity 8

and foreign currencies Enumerate the different
types of Filipino peso bill;
e. The Philippine housing
shortage and the real Analyze the impact of
estate boom: money and foreign
Week 5, 6 & currency in foreign
7 Rent and Price structure exchange in our economy
Examine resources to help
class into four; each group will Philippine Peso
look for copies of the old and new Bill
version of Philippine Peso Bill
and differentiate it with each
other.
Each of the students will describe Activity 9
the advantages and disadvantages Housing System
of the housing system in the R1
 you manage your country (at least five sentences). 3 Weeks R2
investments. R3
Finally, as a businessman, write a Activity 10
2.2 Contemporary Understand the rent and message to the government on A Businessman
Economic price structure existing in your platforms to improved and Message
Issues Facing the Filipino our country. somehow to lessen the housing
Entrepreneur problem in our country.
a. Investment and
interest rate The facilitator will organize the Activity 11
b. Rentals class into four teams; each team Investments
c. Minimum wage will be given same situational
d. Taxes problem .They had to work
together to identify specific
investments they would make to
achieve diversification along with
a reasonable returned. Compare
your decisions with those made
by other teams.

The facilitator will organize the Activity 12

class into four teams; each team My Occupation
member should choose one of the
occupation categories shown in
figure 2.27. Make sure that each
member chooses a different
occupation. As a team, discuss
possible reasons for the wage
differences among the
occupations. Report your
conclusions to the class.

QUARTER II The class will be divided into Activity 13

Chapter 3. Differentiates the three three groups; each group will role Market
Industry and Market Concentration play their given topics which one Concentration
Week 8, 9 & Environmental of the three Market
10 Analysis: Create businesses Concentration, specifically 3 Weeks R1
according to the three oligopoly, monopoly, and Perfect R2
Business Opportunities market concentration Competition. R3
Identification
The facilitator will give the three Activity 14
3.1 Principles, Tools, and groups certain amount of capital Our Business
Techniques to establish their own business
a. competition and products based on their given
b. customers Market Concentration.
c. suppliers (It is within the classroom)
d. competitors
e. substitutes

3.2 Types of Industries

Analyzes the strength, The facilitator will divide the Activity 15
a. agribusiness weaknesses, opportunities class into three groups; each SWOT Analysis
Week 11, 12 b. manufacturing and threats in different group will conduct a SWOT R1
& 13 c. retail and services types of industries analysis(Strength, Weaknesses, 3 Weeks R2
d. international trade Opportunities and Threats) on R3
(exports their chosen types of industries
and imports) (Agricultural Sector and
Agribusiness, Industrial Sector
3.3 identification of and Manufacturing Industries,
Business and Services Sector, and Retail
Opportunities Services)

Chapter 4.
Socioeconomic Impact The facilitator will divide the Activity 16
Defend ideas about class into four groups; each group
Week 14, 15 Study Debate
tracing impacts Through will pick a piece of paper to
& 16 a. consumer (new 3 Weeks R1
the Sourcing of Inputs of a determine whether their group are
products and services) R2
Business Firm. Pros or Cons. Each two groups R3
b. suppliers - will debate in a certain topic that
investors(capital, will be given by the facilitator
income) about Tracing the Impacts
Through the Sourcing of Inputs of
 a Business Firm.
c. government(tax
revenues, poverty
alleviation , basic
services)

d. households (standard The facilitator will ask each of the Activity 17

of living, employment) Organizes well a business students to pick a paper in the box Young
firm. to determine their position in a Entrepreneurs
e. international trade business firm, whether they are
Week (exports and imports of Discover the skills of a the suppliers, workers, R1
17&18 goods and services) young entrepreneur. entrepreneurs, households, and 2 Weeks R2
etc. to separate the works in a R3
company. By the guide of the
facilitator they will create a new
and useful products, think of a
marketing strategy, target
consumers, and its profit. If
possible all the students in the
school are the consumer and they
will pursue them to buy.

COURSE REFERENCES:

R1 McEachern, William A. , Burrow, James L. PhD 2017 Applied Economics: An Introduction

Quezon City: Abiva Publishing House, Inc.

R2 http://sites.google.com/sites/leigheconomics/apllied-economics

R3 Curriculum Guide
COURSE REQUIREMENTS: BASES OF GRADING:
A- Class Participation A- Class Participation 50%
 Attendance  Attendance-10%
 Exercises/Quizzes  Exercise/Quizzes-20%
 Oral recitation  Oral recitation/Assignment-20%
 Assignment B- Major Exam 50%
B- Major Exams  Preliminary Examination
 Preliminary Examination  Midterm Examination
 Midterm Examination  Semi-Final Examination
 Semi-Final Examination  Final Examination
 Final Examination C- Total 100%

PREPARED BY: REVIEWED BY: APPROVED BY:

MICHELLE ANN T. GARBIN JOSEFINA J. DOMINADO, LPT, Ed.D. ROMEO G. MANINGDING, JR

Signature over printed of faculty Signature Over Printed Name of Faculty Chief Operations Officer

DATE: DATE: DATE: