Republic of the Philippines
DEPARTMENT OF EDUCATION
Caraga Administrative Region
Division of Surigao del Norte
Tagana–an National High School
Detailed Lesson Plan in APPLIED ECONOMICS (GAS 12)
School
Teacher
TNHS
ROSITA A. ALOYON
Dates and Time
I.
Grade Level
Learning Area
12
Quarter
3
APPLIED
ECONOMICS
OBJECTIVES
A. Content Standard
The learner demonstrates an understanding of the law of supply and demand, and factors affecting the
economic situation.
B. Performance Standard
The learners shall be able to conduct a survey of current economic situations within the vicinity. C.
Learning Competencies
The learners
5. 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
D. Learning Objectives
At the end of the lesson, the students should be able to:
1. Describe the characteristics and distinguish the features of the market structures (perfect
competition, monopoly, monopolistic competition, and oligopoly);
2. Relate population growth the country’s labor supply and apply the law of demand and
supply in the determination of wages of labor
3. Deduce how the excess supply of labor has led to the phenomenon of the overseas
Filipino workers
II.
CONTENT
CHAPTER 2: APPLICATION OF DEMAND AND SUPPLY
Lesson 2.4 Market structures, perfect competition
Imperfect competition, monopoly, monopolistic competition
Oligopoly, significance of market structure
Lesson 2.5 supply-demand and the Philippine labor market
Labor supply, population growth, and wages
Philippine population, the Philippine wage situation
Labor migration and the overseas Filipino workers
III. LEARNING RESOURCES
A.
References:
APPLIED ECONOMICS,
Rosemary P. Dinio, PhD and George A. Villasis
Published and Distributed By: REX BOOK STORE
www.rexpublishing.com.ph
Manila, Philippines
B.
Materials: PowerPoint presentation, laptop, projector, and pen.
IV. PROCEDURE
Teacher’s Hint
A. Preliminary Activities
1. Greeting
2. Prayer
3. Classroom Management
4. Checking of attendance
B. Lesson Proper
1. Reviewing previous lesson or presenting the new lesson
Review lesson 2.3 elasticities of demand and supply
2. Establishing a purpose for the lesson
Present Lesson Discussion
Lesson 2.4 Market structures, perfect competition
Imperfect competition, monopoly, monopolistic competition
Oligopoly, significance of market structure
Lesson 2.5 supply-demand and the Philippine labor market
Labor supply, population growth, and wages
Philippine population, the Philippine wage situation
Labor migration and the overseas Filipino workers
3. Presenting examples/ instances of the new lesson
Present example of perfect and imperfect competition
4. Discussing new concepts and practicing new skills #1
Present summary of projected population, by five-year interval Philippines: 2000-2040 (medium
assumption)
5. Discussing new concepts and practicing new skills #2
Group activity
Research the distribution of overseas Filipino workers by sex and region (2017)
6. Developing Mastery
Present your answer in front of the class together with your group
7. Finding Practical Applications of Concepts and Skills in Daily Living

Class share your ideas about competition, specially the perfect and imperfect competition
in the market
8. Generalization
Based on what you have learned the discussion earlier. Answer the following question.
9. Evaluating learner
Discussion Questions:
1. Differentiate between perfect competition and imperfect competition
2. What is oligopoly? Give its characteristics.
10. Additional Activity
Review students below mastery level provide hard copy for them.
Prepared by:
Approved by:
ROSITA A. ALOYON
Master Teacher – I
DULCISIMA A. CORVERA, PhD
Secondary School Principal - IV