ABM_Applied-Economics-CG

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
Quarter I. STANDARDS STANDARDS The learners… ABM_AE12-Ia-d-1
Chapter 1 The learner 1. define basic terms in applied economics
Introduction to Applied demonstrates an The learners shall be able
Economics understanding of… to…

1.1 Revisiting Economics as a economics as an analyze and propose 2. identify the basic economic problems of ABM_AE12-Ia-d-2
social science applied science and solution/s to the economic the country
its utility in problems using the
1.2 Economics as an applied addressing the principles of applied
science economic problems economics
of the country
1.3 Basic economic problems
and the Philippine
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 ABM_AE12-Ie-h-4
ABM_AE12-Ie-h-5
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-6
2.1 Application of Supply factors affecting the the vicinity are determined
and Demand economic situation

a. Prices of basic 2. discuss and explain factors affecting
commodities demand and supply

b. Labor supply, population 3. compare the prices of commodities and
growth, and wages analyze the impact on consumers

c. Labor migration and
the Overseas Filipino
Worker (OFW)
phenomenon

d. The Philippine peso
and foreign currencies

e. The Philippine housing 4. explain market structures (perfect ABM_AE12-Ie-h-7
shortage and the real competition, monopoly, oligopoly, and
estate boom: monopolistic competition)
Rent and Price structure

2.2 Contemporary Economic 5. analyze the effects of contemporary
Issues Facing the Filipino
Entrepreneur issues such as migration, fluctuations in ABM_AE12-Ie-h-8
the exchange rate, oil price increases,
a. Investment and interest
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
QUARTER II STANDARDS STANDARDS ABM_AE12-IIa-d-
Chapter 3. 9
Industry and Environmental industry analysis, its apply tools and techniques 1. identify and explain different principles,
Analysis: principles, tools, and for business opportunities tools, and techniques in creating a
Business Opportunities techniques leading like the SWOT/TOWS business
Identification to the identification analysis
of business conduct a survey of macro
3.1 Principles, Tools, and opportunities and micro environments
Techniques affecting business in a
a. competition locality
b. customers
c. suppliers
d. competitors
e. substitutes

3.2 Types of Industries 2. distinguish the different ABM_AE12II-a-d-
a. agribusiness services/products of business and 10
b. manufacturing
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 ABM_AE12II-e-g-
11
Chapter 4. various conduct a socioeconomic 1. Identify and explain the various ABM_AE12II-e-g-
Socioeconomic Impact Study socioeconomic impact study on consumers socioeconomic factors affecting business 12
impacts of business (new product and and industry
a. consumer (new on the following services); ABM_AE12II-e-g-
products and services) sectors: consumer, suppliers; investors 2. analyze and evaluate the viability of a 13
supplier and (capital, income) business and its impact on the community
b. suppliers - investors, government (tax revenues,
investors(capital, government, poverty alleviation, basic
income) households, and services);
international trade households (standard of
c. government(tax living, employment) and
revenues, poverty international trade (exports 3. formulate recommendations and
alleviation , basic and imports of goods and
services) services) leading to options
in venturing into a business
d. households (standard
of living, employment) strategies on how to minimize and

e. international trade
(exports and imports of
goods and services)

maximize a business’s negative impact
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

Grade Level Grade 12 ABM_AE12

Uppercase Letter/s Domain/Content/ Applied Economics -
Component/ Topic First Quarter I
Roman Numeral
*Zero if no specific quarter Quarter Weeks one to four a-d
Week define basic terms in applied economics -
Lowercase Letter/s 1
*Put a hyphen (-) in between letters to Competency

indicate more than a specific week

Arabic Number

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).

Villegas, Bernardo M., PhD. Guide to Economics for Filipinos. 7th 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.

K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 6 of 6