CURRICULUM MAP
SUBJECT: Applied Economics
GRADE LEVEL: Grade 12
TEACHER(s): Bart Carlo S. Suratos
CONTENT STANDARDS: The learners demonstrate appreciation to the field of economics in the Philippine setting and appreciation to the fundamental concepts of economics
in application to the Philippine economy.
PERFORMANCE STANDARDS: The learners shall be able to analyze and propose solution/s to the economic problems using the principles of applied economics
TERM (NO.) UNIT TOPIC: COMPETENCIES/ INSTITUTIONAL
ASSESSMENT ACTIVITIES RESOURCES
MONTH CONTENT SKILLS CORE VALUES
Discuss the fundamental concepts of
November CHAPTER 1: Introduction to economics that are critical in
Chapter 1-2 Applied Economics understanding economic theories and Applied Economics:
models. Create an Idea Chart about Thnking Beyond Stage
Recitation
1.1 Revisiting Economics as a social the Philippine Economy One by Thomas Sowell
science
1.2 Economics as an applied science
Analyze the importance of scarcity,
1.3 Basic economics problems and choice, and trade-offs in making
the Philippine socioeconomic economic decisions.
development in the 21st century Case Study Quiz Bee on Economic Good Decision Making
Thoughts
Differentiate the branches in
1.4 Opportunity Cost and Trade-off economics in application to the
Philippine setting.
Applied Economics:
CHAPTER 2: Applied Economics Short Quiz Case Study on Economic Thnking Beyond Stage
Proper Problems: With One by Thomas Sowell
concentration on a specific
2.1 Application of Supply and economy
Demand
a. Prices of basic commodities
b. Labor supply, population Analyze economic statements whether
growth, and wages they commit specific economic
c. Labor migration and the fallacies.
Overseas Filipino Worker
(OFW) phenomenon
d. The Philippine peso and
foreign currencies
e. The Philippine housing Essay Problem Solving on Real
shortage and the real estate Time Philippine Economic Self- Reliant
boom: Rent and Price Issues
structure
2.2 Contemporary Economics Issues
Facing the Filipino Entrepreneur
a. Investment and interest rate
b. Rentals
c. Minimum wage
d. Taxes
CONTENT STANDARDS: The learners demonstrate appreciation to the understanding of industry and environmental analysis, its principles, tools, and techniques leading to the
identification of business opportunities
PERFORMANCE STANDARDS: The learners shall be able to effectively use industry and environmental analysis in solving economic problems of the Philippines; also, be
able to use its techniques in the process of business opportunity identification.
TERM (NO.) UNIT TOPIC: COMPETENCIES/ INSTITUTIONAL
ASSESSMENT ACTIVITIES RESOURCES
MONTH CONTENT SKILLS CORE VALUES
Identify and explain different
December CHAPTER 3: Industry and principles, tools, and techniques in
Chapter 3 Environmental Analysis: Business creating a business.
Opportunities Identification Business Study using Business Plan using Critical Thinker
Economic Tools Economic Tools
3.1 Principles, Tools, and Techniques
a. competition
b. customers
c. suppliers Distinguish the different
d. competitors services/products of business and Applied Economics by
e. substitutes industry in the locality. Juliana Molina Laraya,
Recitation Julius Orzco De Lion,
3.2 Types of Industries et al.
a. agribusiness
b. manufacturing
c. retail and services
d. international trade (exports and Apply the industry and environmental
imports) analysis in solving economic problems.
3.3 Identification of Business Essay Case Study on the Socially Aware
Opportunities Philippine Business
Industry and Environment
Apply the industry and environmental
analysis in identifying Business
opportunities. Economics, Taxation,
Case Study and Agrarian Reform
by Carlos L. Manapat.
CONTENT STANDARDS: The learners demonstrate appreciation to the understanding of various socioeconomic impacts of business on the following sector: consumer, supplier
and investors, government, households, and international trade.
PERFORMANCE STANDARDS: The learners shall be able to conduct a socioeconomic impact study on consumers (new product and services); suppliers; investors (capital,
income); government (tax revenues, poverty alleviation, basic services); households (standard of living, employment); and international trade
(exports and imports of goods and services leading to options in venturing into a business.
TERM (NO.) UNIT TOPIC: COMPETENCIES/ INSTITUTIONAL
ASSESSMENT ACTIVITIES RESOURCES
MONTH CONTENT SKILLS CORE VALUES
Identify and explain the various
January socioeconomic factors affecting
Chapter 4 CHAPTER 4: Socioeconomic business and industry. Cost Benefit Analysis Able to Analyze
Impact Study Holistically
4.1 Consumer (new products and Analyze and evaluate the viability of a
services) business and its impact on the Bautista, Germelino.
4.2 Suppliers-Investors (capital, community. Cost-Benefit Analysis: Economics and
income) Case Study on The Society. (Quezon
Case Study Philippine Economic City: Ateneo de
4.3 Government (tax revenues, Problems Manila University
poverty alleviation, basic Press, 2013).
services)
Formulate recommendations and
strategies on how to minimize and
4.4 Households (standard of living, maximize a business`s negative
employment) impact and positive impact, Problem Solver
respectively. Essay
4.5 International Trade (exports and
imports of goods and services)
Properly use and apply aggregate
data / big data from notable Applied Economics by
government and non-government Research Paper Research Paper on the Juliana Molina Laraya,
institution for socioeconomic studies Philippines Economy Julius Orzco De Lion,
and for cost benefit analysis of et al.
economy.
CONTENT STANDARDS: The learners demonstrate appreciation to the understanding of theories and concepts encapsulated in economic decision making, marginal analysis,
and production decisions.
PERFORMANCE STANDARDS: The learners demonstrate in-depth application and analysis to curves dealing with cost and its requisites. The learners demonstrate an
application of the theories and concepts encapsulated in economic decision making, marginal analysis, and production decisions.
TERM (NO.) UNIT TOPIC: COMPETENCIES/ INSTITUTIONAL
ASSESSMENT ACTIVITIES RESOURCES
MONTH CONTENT SKILLS CORE VALUES
Analyze and evaluate the difference of
February CHAPTER 5: Theory of Costs the Curves of the Theory of Costs. In
Chapter 5 addition, analyze marginal analysis Excel graph interpretation Microeconomics by N.
Recitation
5.1 Cost Analysis and production decision. and presentation. Gregory Mankiw
a. Total Cost (Fixed/Variable)
b. Average Cost (Fixed/Variable)
c. Marginal Cost Explain the importance of costs that
involve no actual monetary payment Decisions are based on
in decisions making. Essay Excel Application Activity Empirical Study
5.2 Revenue and Profit
a. Total Revenue
b. Total Profit
c. Total Cost Discuss the difference between
account profit and economic profit. Economics, Taxation,
Compare and Contrast and Agrarian Reform
by Carlos L. Manapat.
Explain why sunk costs does not
matter and should be ignored. Problem Solving of Cost
Case Study Formulas Critical Thinker
