Name: _____________________________ Grade Level: ______________

Section: ___________________________ Date: ____________________

PRINCIPLES OF APPLIED ECONOMICS

Learning Activity Sheet
Quarter 1 Week 2
Background Information for Learners

Look at the study of economics, supply and demand, efficient pricing, lowering costs, etc.
Now, take those into real world situations and apply the concepts of Applied Economics to solve
the problems that every business and the whole economy have. When you apply the economic
theories, you will find that life in an office and inside the classroom can have different problems.
Companies tend to be good at a very big stuff, raw materials, manufacturing, sales. Even there
they can make improvements, but they have to spend a lot on transportation, communications,
and resources. These things can be improved upon. Apply what you learned from real life
problems and how you solve them.

The purpose of applied economics is to improve the quality of practice in business, public

policy, and daily life by thinking thoroughly about costs and benefits, incentives, and human
behavior. Applied economics can involve the use of case studies and real life situations, which is
the application of real-world data to statistical and economic models and comparing the results
against the theories being tested and applying it to reality.  (Jim Chappelow, 2019)

In this lesson, we will discover different solutions in different economic problems. It is a

discovery and integrating personal and theoretical understanding to have an authentic learning
regarding the topic

Learning Competency with Code

Examine the utility and application of applied economics to solve economic issues and problems

LEARNING COMPETENCY:
ABM_AE12-Ia-d-3
Activity 1: Economic Problems!

Direction: Try to choose at least two pictures of economic problems in the Philippines and post
it in a clean separate sheet of paper.

Criteria:

1. Show understanding on the two economic problems posted

2. Creativity in showing the economic problems

3. Clear explanation of the economic problems

10 points – 3 indicators are evident

5 points – 2 indicators are evident
1 point – 1 indicator is evident

Activity 2: Identification

Direction: Identify the economic problems in each paragraph. Write your answer on the
space provided.

_________________ 1. As we observe, there are lots of vehicles plying within every city in our
country. Reducing the number of vehicles in the city or proper planning of the national and local
government about traffic situations would ease up the traffic in our country.

_________________ 2. A problem that comes with the dump sites is the toxic called leachate
that seeps into the soil, and most of the time is released unfiltered into the river system and the
groundwater –which is a source of our drinking water. One way to solve this is to convince the
manufacturers to use fewer toxic materials.

_________________ 3. The Poor Educational System is one of the biggest problem today.
Because of our population today, the government cannot provide all the needs like lack of
classrooms, lack of chairs, and lack of things that will be needed.

_________________ 4. Flooding occurs from heavy rainfall when natural watercourses do not
have the capacity to convey excess water. Floods can be devastating consequences on the
economy, environment, and people. The causes of floods are the clogged canals because of
improper management of garbage.

__________________ 5. The cause of crime is not merely the poverty or inability of the
government to provide basic needs such as jobs and education. Crimes are caused by wrong
moral choices. Perhaps unemployment or hunger is an influence but it is the lack of moral
training that cause an individual to steal, cheat, or murder. The government should focus on this
because lots of innocent people die without justice.

Activity 3: Reflective Paper

Direction: Do a reflective paper on the ten economic problem facing the Philippine
economy with three parts; introduction, body and conclusion. Write your answer on a
clean separate sheet of paper.
Introduction:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Body:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Conclusion:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

Rubrics for Scoring

 Criteria ACCEPTABLE GOOD EXCELLENT

( 5) ( 8) (10)

Structure Rate as fair regarding Good structure of Excellent structure of

sentence constructions. sentence sentence.

Meaning Needs a quite Good understanding of Excellent meaning with

acceptable help on economic problem with more than four citation
understanding one citation supporting supporting details on
economic problems and details on reflective reflective thoughts. .
with citation but not thoughts.
proper.

Authenticity Fair rating on Good delivery of Excellent delivery of

authenticity. reflective paper and it reflective paper and it
has a common ideas has a unique ideas and
and solutions. solutions.

Activity 4: Do the task!

Direction: Try to localize the economic problems. Do a workshop on how to solve economic
problems in your barangay in a simplest way.

Outline:

Problem:

Solution:

Concrete Activities:
 Rubrics for scoring

Criteria Score 10-8 7-4 3-1

Content ______ out of Ideas are factual Ideas are Ideas are bluff
10 points and meaningful Conventional and and untimely
real

5 4 3-1

Structure ______ out of 5 Logically There are gaps in Dis-organized

points arrange with 5 transitions with less with less than 3
sentences than 5 sentences sentences.

TOTAL ______ out of

15 points

Reflection:

Direction: Reflect on the following questions:

[Link] did I learn?

[Link] does this learning matter?

[Link] what ways will I use this learning?

Reference:

Cabrera, Helen Ma.F., [Link].(2016) Organization and Management: Textbook for Senior High
School: Vibal Group Inc.
 Bird, Kelly and Hill, Hall.(2009). Philippine Economic Development: A Turning Point?:
Southeast Asian Affairs 

[Link]
%3Abf4e7dd86a1707696e62bb61185e4e4e

Answers’ Key

Activity 2: 1. Heavy traffic, 2. Trash, 3. Poor educational system

[Link], [Link] crime rates

Activity 1, Activity 3 & Activity 4 – Use Rubrics in scoring the output.

PREPARED BY

ELENOR R. MENDOZA

SST-II

Angeles City National High School