K to 12 BASIC EDUCATION CURRICULUMSENIOR 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 PERFORMANCE LEARNING COMPETENCIES CONTENT CODE STANDARDS STANDARDS Quarter I. The learner The learners shall be able Chapter 1 demonstrates an to… Introduction to Applied The learners… understanding of… ABM_AE12-Ia-d-1 Economics 1. define basic terms in applied economics 1.1 Revisiting Economics as a economics as an analyze and propose social science applied science and solution/s to the economic 1.2 Economics as an applied its utility in problems using the 2. identify the basic economic problems of science addressing the principles of applied ABM_AE12-Ia-d-2 the country 1.3 Basic economic problems economic problems economics and the Philippine of the country 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 population demand and supply growth. on b. compare the prices of commodities and phenomenon ABM_AE12-Ie-h-6 analyze the impact on consumers d. Minimum wage d. rate unemployment. Rentals the purchasing power of the people c. analyze the effects of contemporary Issues Facing the Filipino Entrepreneur issues such as migration. and ABM_AE12-Ie-h-7 monopolistic competition) Rent and Price structure 2. The Philippine peso and foreign currencies e. monopoly. oligopoly. fluctuations in ABM_AE12-Ie-h-8 a. Labor migration and the Overseas Filipino Worker (OFW) 3. Investment and interest the exchange rate. explain the law of supply and demand. and wages c.2 Contemporary Economic 5. Prices of basic commodities 2. Labor supply. BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT CONTENT PERFORMANCE LEARNING COMPETENCIES CONTENT CODE STANDARDS STANDARDS Chapter 2 the law of supply conduct a survey of current 1. The Philippine housing shortage and the real 4. and economic situations within and how equilibrium price and quantity ABM_AE12-Ie-h-4 factors affecting the the vicinity are determined 2. discuss and explain factors affecting ABM_AE12-Ie-h-5 b. oil price increases. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – ACCOUNTANCY. Taxes K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 2 of 6 .1 Application of Supply economic situation and Demand a. peace and order. etc. Applied Economics: and demand. explain market structures (perfect estate boom: competition. distinguish the different b. identify and explain different principles. competition b. suppliers d. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – ACCOUNTANCY. and for business opportunities Industry and Environmental techniques leading like the SWOT/TOWS Analysis: to the identification analysis Business Opportunities of business Identification opportunities conduct a survey of macro 1. manufacturing 10 services/products of business and c. tools. and techniques in creating a 9 3.2 Types of Industries a. ABM_AE12-IIa-d- and micro environments tools. retail and services industry in the locality d. customers c. competitors e. agribusiness ABM_AE12II-a-d- 2. and affecting business in a business Techniques locality a. Tools. substitutes 3. its apply tools and techniques Chapter 3. BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT CONTENT PERFORMANCE LEARNING COMPETENCIES CONTENT CODE STANDARDS STANDARDS QUARTER II industry analysis.1 Principles. principles. 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 . international trade services) leading to options (exports and imports of in venturing into a business goods and services) 3. basic revenues. poverty households. c. Identify and explain the various Socioeconomic Impact Study socioeconomic impact study on consumers socioeconomic factors affecting business a. basic international trade households (standard of business and its impact on the community 12 services) living. government (tax revenues. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – ACCOUNTANCY. suppliers . formulate recommendations and strategies on how to minimize and ABM_AE12II-e-g- maximize a business’s negative impact 13 and positive impact. sectors: consumer. supplier and (capital. BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT CONTENT PERFORMANCE LEARNING COMPETENCIES CONTENT CODE STANDARDS STANDARDS Chapter 4. income) income) investors. government(tax government. households (standard international trade (exports of living. various conduct a socioeconomic 1. and services). and industry 11 b. consumer (new impacts of business (new product and ABM_AE12II-e-g- products and services) on the following services). suppliers. investors investors(capital. poverty alleviation. analyze and evaluate the viability of a ABM_AE12II-e-g- alleviation . employment) and imports of goods and e. employment) and d. 2. respectively K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 4 of 6 . Business and Management Specialization First Entry Grade Level Grade 12 ABM_AE12 Domain/Content/ Uppercase Letter/s Applied Economics Component/ Topic - Roman Numeral Quarter First Quarter I *Zero if no specific quarter Lowercase Letter/s *Put a hyphen (-) in between letters to Week Weeks one to four a-d indicate more than a specific week - Arabic Number Competency define basic terms in applied economics 1 K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 5 of 6 . BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT Code Book Legend Sample: ABM_AE12-Ia-d-1 LEGEND SAMPLE Learning Area and Strand/ Subject or Accountancy. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – ACCOUNTANCY. Guide to Economics for Filipinos. Bernardo M. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – ACCOUNTANCY. 2007. Preparing for Entrepreneurship. Windows to Entrepreneurship: A Teaching Guide by the Small Enterprises Research and Development Foundation (SERDEF).. Economics and Society. 7th ed.serdef. K to 12 Senior High School ABM Specialized Subject – Applied Economics May 2016 Page 6 of 6 . 2013). http://www.serdef. http://www. A Trilogy on Entrepreneurship: Text and Workbook. 2015). Introduction to Entrepreneurship by the Small Enterprises Research and Development Foundation (SERDEF) in Cooperation with UP Institute for Small-Scale Industries. (Legaspi Village. Makati: ACE Cetner for Entrepreneurship and Management Education. Morato. Villegas. (Quezon City: Ateneo de Manila University Press. (Legaspi Village. (San Antonio Village. Philippine Coyright.org/2013. Eduardo A. BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT References: Bautista. Germelino. PhD. PhD. Eduardo A. Jr. PhD. 2008). Jr. 2010).. Makati: Sinagtala Publishers.org/ Morato. Makati: ACE Center for Entrepreneurship and Management Education..