K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Grade: 12 2nd Semester
Subject Title: Applied Economics No. of Hours/ Semester: 80 hours/ semester
Prerequisite (if needed):
Subject 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.
CONTENT CONTENT PERFORMANCE LEARNING COMPETENCIES CODE
STANDARDS STANDARDS
Quarter I. The learner The learners shall be able
Chapter 1 demonstrates an to… The learners…
Introduction to Applied understanding of… ABM_AE12-Ia-d-1
Economics 1. define basic terms in applied economics
1.1 Revisiting Economics as a economics as an analyze and propose
social science applied science and solution/s to the economic
1.2 Economics as an applied its utility in problems using the 2. identify the basic economic problems of
science addressing the principles of applied ABM_AE12-Ia-d-2
1.3 Basic economic problems economic problems economics the country
and the Philippine of the country
socioeconomic development
in the 21st century
3. explain how applied economics can be ABM_AE12-Ia-d-3
used to solve economic problems
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 1 of 6
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT CONTENT PERFORMANCE LEARNING COMPETENCIES CODE
STANDARDS STANDARDS
Chapter 2 the law of supply conduct a survey of current 1. explain the law of supply and demand,
Applied Economics: and demand, and economic situations within and how equilibrium price and quantity ABM_AE12-Ie-h-4
factors affecting the the vicinity are determined
2.1 Application of Supply economic situation
and Demand
a. Prices of basic 2. discuss and explain factors affecting
commodities ABM_AE12-Ie-h-5
b. Labor supply, population demand and supply
growth, and wages
c. Labor migration and
the Overseas Filipino
Worker (OFW) 3. compare the prices of commodities and ABM_AE12-Ie-h-6
phenomenon
d. The Philippine peso analyze the impact on consumers
and foreign currencies
e. The Philippine housing 4. explain market structures (perfect
shortage and the real
estate boom: competition, monopoly, oligopoly, and ABM_AE12-Ie-h-7
monopolistic competition)
Rent and Price structure
2.2 Contemporary Economic
5. analyze the effects of contemporary
Issues Facing the Filipino
issues such as migration, fluctuations in
Entrepreneur ABM_AE12-Ie-h-8
a. Investment and interest the exchange rate, oil price increases,
rate unemployment, peace and order, etc. on
b. Rentals the purchasing power of the people
c. Minimum wage
d. Taxes
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 2 of 6
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT CONTENT PERFORMANCE LEARNING COMPETENCIES CODE
STANDARDS STANDARDS
QUARTER II industry analysis, its apply tools and techniques
Chapter 3. principles, tools, and for business opportunities
Industry and Environmental techniques leading like the SWOT/TOWS
Analysis: to the identification analysis
Business Opportunities of business 1. identify and explain different principles, ABM_AE12-IIa-d-
Identification opportunities conduct a survey of macro
and micro environments tools, and techniques in creating a 9
3.1 Principles, Tools, and affecting business in a business
Techniques locality
a. competition
b. customers
c. suppliers
d. competitors
e. substitutes
3.2 Types of Industries
a. agribusiness 2. distinguish the different ABM_AE12II-a-d-
b. manufacturing 10
services/products of business and
c. retail and services
industry in the locality
d. international trade (exports
and imports)
3.3 identification of Business
Opportunities
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 3 of 6
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
CONTENT CONTENT PERFORMANCE LEARNING COMPETENCIES CODE
STANDARDS STANDARDS
Chapter 4. various conduct a socioeconomic 1. Identify and explain the various
Socioeconomic Impact Study socioeconomic impact study on consumers
a. consumer (new impacts of business (new product and socioeconomic factors affecting business ABM_AE12II-e-g-
products and services) on the following services); and industry 11
b. suppliers - sectors: consumer, suppliers; investors
investors(capital, supplier and (capital, income)
income) investors, government (tax revenues,
c. government(tax government, poverty alleviation, basic
revenues, poverty households, and services); 2. analyze and evaluate the viability of a ABM_AE12II-e-g-
alleviation , basic international trade households (standard of business and its impact on the community 12
services) living, employment) and
d. households (standard international trade (exports
of living, employment) and imports of goods and
e. international trade services) leading to options
(exports and imports of in venturing into a business 3. formulate recommendations and
goods and services) ABM_AE12II-e-g-
strategies on how to minimize and
maximize a business’s negative impact 13
and positive impact, respectively
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 4 of 6
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
Code Book Legend
Sample: ABM_AE12-Ia-d-1
LEGEND SAMPLE
Learning Area and Strand/ Subject or Accountancy, Business and Management
Specialization
First Entry ABM_AE12
Grade Level Grade 12
Uppercase Letter/s Domain/Content/ Applied Economics
Component/ Topic
Roman Numeral Quarter First Quarter I
*Zero if no specific quarter
Lowercase Letter/s
*Put a hyphen (-) in between letters to Week Weeks one to four a-d
indicate more than a specific week
-
Arabic Number Competency define basic terms in applied economics 1
K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 5 of 6
K to 12 BASIC EDUCATION CURRICULUM
SENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT
References:
Bautista, Germelino. Economics and Society. (Quezon City: Ateneo de Manila University Press, 2013).
Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale
Industries. 2007. http://www.serdef.org/
Morato, Eduardo A., Jr. PhD. Preparing for Entrepreneurship. (Legaspi Village, Makati: ACE Cetner for Entrepreneurship and Management Education, 2008).
Morato, Eduardo A., Jr. PhD. A Trilogy on Entrepreneurship: Text and Workbook . (Legaspi Village, Makati: ACE Center for Entrepreneurship and Management Education,
2015).
th
Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7 ed. (San Antonio Village, Makati: Sinagtala Publishers, 2010).
Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF), Philippine Coyright .
http://www.serdef.org/2013.
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