Curriculum Guide of K to 12 Senior High School - Applied Economics
Objective
Curriculum Information
Education Type
K to 12
Grade Level
Grade 12
Learning Area
Content/Topic
Quarter I. Chapter 1 Introduction to Applied Economics
Chapter 2 Applied Economics: 2.1 Application of Supply and Demand; 2.2 Contemporary Economic Issues Facing the Filipino Entrepreneur
Quarter II Chapter 3. Industry and Environmental Analysis: Business Opportunities Identification
Chapter 4. Socioeconomic Impact Study
Intended Users
Educators
Competencies
Define basic terms in applied economics
Identify the basic economic problems of the country
Explain how applied economics can be used to solve economic problems
Explain the law of supply and demand, and how equilibrium price and quantity are determined
Discuss and explain factors affecting demand and supply
Compare the prices of commodities and analyze the impact on consumers
Explain market structures (perfect competition, monopoly, oligopoly, and monopolistic competition)
Analyze the effects of contemporary issues such as migration, fluctuations in the exchange rate, oil price increases, unemployment, peace and order, etc. on the purchasing power of the people
Identify and explain different principles, tools, and techniques in creating a business
Distinguish the different services/products of business and industry in the locality
Identify and explain the various socioeconomic factors affecting business and industry
Analyze and evaluate the viability of a business and its impact on the community
Formulate recommendations and strategies on how to minimize and maximize a business’s negative impact and positive impact, respectively
