ARELLANO UNIVERSITY
Jose Rizal High School
Gov. Pascual Ave., Malabon City
Tel/Fax 921-27-44
SENIOR HIGH SCHOOL DEPARTMENT
DAILY LEARNING PLAN IN DISCIPLINE AND IDEAS IN THE SOCIAL SCIENCES
2nd SEMESTER
SY: 2020-2021
Date:
Name:_________________________________ Teacher: __________________
Year and Section:________________________ Score:_____________________
I. CONTENT:
DOMINANT APPROACHES AND IDEAS IN SOCIAL SCIENCE
CONCEPT NOTE # 8 RATIONAL CHOICE THEORY
What Is Rational Choice Theory?
Rational choice theory states that individuals use rational calculations to make rational
choices and achieve outcomes that are aligned with their own personal objectives.
These results are also associated with maximizing an individual's self-interest. Using
rational choice theory is expected to result in outcomes that provide people with the
greatest benefit and satisfaction, given the limited option they have available.
Who Founded Rational Choice Theory?
Adam Smith, who proposed the idea of an "invisible hand" moving free market
economies in the mid-1770s, is usually credited as the father of rational choice theory.
Smith discusses the invisible hand theory in his book “An Inquiry into the Nature and
Causes of the Wealth of Nations,” which was published in 1776.
 Rational choice theory states that individuals rely on rational calculations to make
rational choices that result in outcomes aligned with their own best interests.
 Rational choice theory is often associated with the concepts of rational actors,
self-interest, and the invisible hand.
 Many economists believe that the factors associated with rational choice theory
are beneficial to the economy as a whole.
 Adam Smith was one of the first economists to develop the underlying principles
of the rational choice theory.
 There are many economists who dispute the veracity of the rational choice theory
and the invisible hand theory.
\II. CONTENT STANDARD:
● The learners demonstrate and understanding of key concepts and approaches in the Social
Sciences.
III. PERFORMANCE STANDARD:
● The learners shall be able to interpret personal and social experiences using relevant
approaches in the Social Sciences.
IV. LEARNING COMPETENCIES:
●The learners shall predict the social consequences of decision making based on scarcity
ASSESSMENT: ACTIVITY NO. WISE CHOICE(BUDGET TASK)
Directions: Maximize gain over the cost as a student your task is to make a budget graph
that will show how will you consume your allowance even in time of pandemic.
Week Allowance
1st Qtr
2nd Qtr
3rd Qtr
VI. REFERENCE:
 Curriculum Guide
 Curriculum Guide
 Tatel, Carlos Jr. Pena, Discipline and Ideas in Social Sciences, RexBookstore 2016