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? Week 1 Lesson Discussion

The Week 1 lesson plan for Grade 12 Applied Economics focuses on the nature and importance of applied economics, aiming to help students define the subject, understand its relevance in decision-making, and differentiate it from pure economics. The lesson includes interactive activities, group discussions, and assessments to engage students in real-life applications of economic principles. By the end of the session, students should recognize how applied economics influences personal and societal choices.

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18 views3 pages

? Week 1 Lesson Discussion

The Week 1 lesson plan for Grade 12 Applied Economics focuses on the nature and importance of applied economics, aiming to help students define the subject, understand its relevance in decision-making, and differentiate it from pure economics. The lesson includes interactive activities, group discussions, and assessments to engage students in real-life applications of economic principles. By the end of the session, students should recognize how applied economics influences personal and societal choices.

Uploaded by

dummy04171985
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

📚 WEEK 1 LESSON PLAN (2.

5 HOURS)

Subject: Applied Economics


Grade Level: Grade 12 – ABM
Week: 1
Time Allotment: 2.5 hours
Topic: Nature and Importance of Applied Economics
Mode: Lecture-Discussion, Individual and Group Activities

🎯 Learning Objectives

By the end of the session, students should be able to:

1. Define applied economics.

2. Explain the importance of applied economics in daily and


societal decision-making.

3. Differentiate pure economics from applied economics.

4. Identify real-life situations where applied economics is used.

🧠 Lesson Sequence

⏰ Part 1: Introduction / Motivation (15 minutes)

Activity Title: “Real-Life Dilemma: Save or Spend?”

 Present the situation:

"You received ₱500 as a gift. Will you spend it on food delivery, save
it, or invest in a small business idea?"

 Ask:

“What factors affect your decision?”


“How is economics involved?”

 Connect the activity to the concept of decision-making and


scarcity, which leads to the need for applied economics.

🧠 Purpose: To spark curiosity and make economics personally


relevant.
⏰ Part 2: Lecture-Discussion (60 minutes)

🔹 A. What is Applied Economics?

 Definition:

Application of economic theories and principles to real-world


situations to solve problems and make decisions.

 Example Fields: Business planning, policymaking, budgeting,


marketing, labor, agriculture, health.

🔹 B. Why is Applied Economics Important?

 Helps individuals and businesses make better financial


decisions.

 Guides government policy (taxes, education, subsidies).

 Supports analysis of trends (e.g., unemployment, inflation).

 Encourages evidence-based decision-making using data.

🔹 C. Pure vs. Applied Economics

Pure Economics Applied Economics

Theoretical Practical

Explains behavior Solves real-world problems

Ex: How demand Ex: Should we increase


works product price?

⏰ Part 3: Class Activity (30 minutes)

Activity: "Applied Economics in My Community"

1. Group students into 3–5 members.

2. Each group chooses one local issue (e.g., price hike,


unemployment, traffic).

3. Answer the guide questions:

o What is the problem?


o Who are affected?

o How can economics help solve this?

4. Prepare a short presentation (oral or poster) for the class.

📌 Assessment Focus: Application of economics to daily/community


life.

⏰ Part 4: Processing and Sharing (25 minutes)

 Groups share their work.

 Discuss how economics is used not only in business but also in


solving public concerns.

 Reinforce that applied economics bridges theory and practice.

⏰ Part 5: Synthesis and Integration (10 minutes)

Ask students to complete these prompts:

1. “I used to think economics was only about…”

2. “Now I understand that applied economics helps…”

3. “One way I see applied economics in my life is…”

📌 Use this for reflection and formative assessment.

⏰ Part 6: Quick Assessment / Exit Quiz (10 minutes)

Sample Items:

1. Define applied economics.

2. Give one real-life situation where economics can be applied.

3. Differentiate pure and applied economics.

4. Why is applied economics important to decision-making?

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