APPLIED

ECONOMICS
MR. DARWIN L. CANDELON
TEACHER III/Master Teacher I
Applicant
 CONTENT
INTRODUCTION TO APPLIED
ECONOMICS
The basic economic
problems and the Philippine
socio-economic
development in the 21st
century.
 LEARNING
COMPETENCY
The learners identify the basic
economic problems of the
country.
(ABM_AE12-Ia-d-2)
CONTENT PERFORMANCE
STANDARDS STANDARDS
The learner The learners
demonstrates an shall be able to
understanding of… analyze and
economics as an propose solution/s
applied science to the economic
and its utility in
problems using the
principles of
addressing the applied
economic problems economics.
of the country.
Quote Review
 OBJECTIVES

At the end of the lesson, the

learners should have:
 Defined economics as an applied
science;
 Identified the basic economic
problems;
 Enumerated the things to be done
to solve the economic problems in
the country.
4 PICS 1 WORD
 4 PICS 1 WORD

_______
SCEIO NE CE
 4 PICS 1 WORD

SCIENCE
 4 PICS 1 WORD

___________
ALITIPUPACON
 4 PICS 1 WORD

APPLICATION
 4 PICS 1 WORD

______
E IH TIRYO
 4 PICS 1 WORD

T H E O RY
 4 PICS 1 WORD

_____
ELWIDRO
 4 PICS 1 WORD

WORLD
 4 PICS 1 WORD

_______
PVTOEARY
 4 PICS 1 WORD

POVERTY
ANALYZE
 ANALYZE

ANSWERS
SCIENCE APPLIED
APPLICATION
ECONOMICS
THEORY
WORLD
POVERTY
 APPLIED
ECONOMICS
As a science, is an application
of theory/theories in the real
world situation to fight problems
such as poverty.
APPLIED ECONOMICS

“brings economic
theory nearer to reality”
ECONOMICS AS AN APPLIED
SCIENCE

Is studying Economics
important?
Why? Why not?
 ECONOMICS AS AN APPLIED
SCIENCE
 Its primary aim is to increase human
welfare by the investigation and analysis
of economic problems of the real world.
 It focuses on social problems, the health-
care crisis, agricultural problems,
poverty, economic growth and the
environment.
 A B C D

DECISION MAKING-SKILLS
PROBLEM SOLVING ABILITIES
JOB OPPORTUNITIES
 ECONOMICS AS AN APPLIED
SCIENCE

- Decision-Making Skills
- Problem Solving Abilities
- Job Opportunities
ECONOMICS AS AN APPLIED
SCIENCE
 BASIC ECONOMIC
PROBLEMS
There are three Basic Economic
Problems to make the right decisions:

1. What to Produce?
2. How to Produce?
3. For Whom to Produce?
BASIC ECONOMIC
PROBLEMS
 BASIC ECONOMIC PROBLEMS
What to Produce? How to Produce? For Whom to
Produce?
Enough Supply of Desalination For all the people
Potable Water in the community

Bags made of Means of For the people

Water Hyacinth Weaving/Handicraft who need bags
In general…
 ACTIVITY

Direction:
-Think of any raw materials found in your
locality which you think can be a good
source of goods for consumption.
-Decide with your group and get only
three among the many options you had
thought and brainstormed. These raw
materials that you will choose will be used
to fill in the chart given to you.
-After 7 minutes, one from your group will
report your finished output to the front.
REPORTING
 DYAD ACTIVITY

Direction:
 Flashed on the screen later is the list of
economic problems arising in the Philippines.
All you need to do is to select one and
enumerate the things needed to be done to
solve these economic problems in our
country. You are going to do this through
writing a poem, a song composition, an
interactive drawing, or by writing an essay.

After 5 minutes, the teacher will select 3 pairs of

students to present their work in front.
 DYAD ACTIVITY

ECONOMIC PROBLEMS IN THE

PHILIPPINES
-Unemployment -Inflation

-Water Shortage -Calamity

-Underpaying Jobs -Job Mismatch

-Scarcity of Resources -Poverty

Source: https://opinionfront.com/economic-problems-of-philippines
 ASSIGNMENT
Direction:
in a 1 whole sheet of pad paper
 You’re planning to buy at a nearby sari-sari
store, grocery or mall. You have noticed that
stores have enough stocks of commodities to
sell, you probably cannot afford to buy all
you want, and so you have to make choices
on how to use your limited resources (money,
time, energy).
 Given Php500.00 as your allowance for the
whole week. How will you allocate your
budget for your expenses for the week?
 ASSIGNMENT

Direction:
 Listyour choices and describe the
advantages and disadvantages of each
choice.
CHOICE 1 CHOICE 2 CHOICE 3
Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages