LESSON PLAN IN APPLIED ECONOMICS

I. OBJECTIVES
Content Standards: The law of supply and demand, and factors affecting the economic
situation
Performance Standards: Conduct a survey of current economic situations within the vicinity
Learning Competency: The learners should explain the law of supply and demand, and how
equilibrium price and quantity are determined
Code: ABM_AE12-Ie-h-4

At the end of the lesson, 75% of the students should be able to:
a. Explain the law of supply and demand
b. Compare the prices of commodities and analyze their impact on consumers
c. Appreciate the importance of law of supply and demand in real-life situations.

II. Subject Matter

Topic: Law of Supply and Demand

References: Applied Economics, DIWA Senior High School Series,

pp. 53-58 by Sherry Amour Boado

Applied Economics, First Edition, pp. 17-25 by Rosemary P. Dinio

Materials: DLP, PowerPoint Presentation

Value

III. Procedure
Preliminary Activities
1. Prayer
2. Checking of Attendance

4 A’s Approach

1. Activity(Trip to Jerusalem)
a. The teacher will call 8 volunteers to play the game
b. Each of the players will be given money
c. The player who cannot sit on the chair in every round will give his money to the one
who tried to steal his chair.
d. Whoever person left will be announced as the winner
2. Analysis

3. Abstraction
4. Application
IV. Evaluation
V. Assignment