Republic of the Philippines
Department of Education
DIVISION OF CALAPAN CITY
BUDGET OF WORK
Subject Title: Applied Economics
Course 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.
TOPIC
LEARNING COMPETENCIES
CODE
TIME
FRAME
Aug. 29, 2023
First Quarter
Course Orientation
Determines nature of the course, its most
essential learning competencies, grading
system, expected outputs, assessment
methods, and time frame
No Code
The Nature of
Economics
Define basic terms in applied economics
ABM_AE12-Ia-d-1
Aug. 30- Sept.1,
2023
Differentiate economics as social science
and applied science in terms of nature and
scope
Solving Economic
Issues and Problems
Examine the utility and application of
applied economics to solve economic
issues and problems
ABM_AE12-Ia-d-2
Market Demand,
Market Supply and
Market Equilibrium
Analyze market demand, market supply
and market equilibrium
ABM_AE12-Ie-h-5
Sept. 4-8, 2023
Sept. 11- 15,
2023
Sept. 18- 22,
2023
Making Economic
Decisions
Determine the implications of market
pricing on economic decision-making
ABM_AE12-Ie-h-6
Market Structures
Differentiate various market structures in
terms of:
ABM_AE12-Ie-h-7
a.
b.
c.
d.
Number of sellers
Types of products
Entry/Exit to market
Pricing Power
Sept. 25- 29,
2023
Oct. 2-6, 2023
Republic of the Philippines
Department of Education
DIVISION OF CALAPAN CITY
e. Others
Analyzing
contemporary
economic issues
Analyze the effects of contemporary
economic issues affecting the Filipino
entrepreneur
ABM_AE12-Ie-h-8
Oct. 9-13, 2023
Oct. 16-20, 2023
Reviews previous lessons and complies with 1st Quarter academic requirements
1st Quarterly Assessment
Oct. 23- 25, 2023
Oct. 26 -27, 2023
Second Quarter
ABM_AE12-IIa-d-9
Principles, Tools, and
techniques in creating
a business
Analyze different principles, tools, and
techniques in creating a business
Principles, Tools, and
techniques in creating
a business
Apply business principles, tools, and
techniques in participating in various types
of industries in the locality
No Code
Various Economic
Factors Affecting
Business and Industry
Explain the effects of the various socioeconomic factors affecting business and
industry
No Code
Oct. 30-31, 2023
Nov. 6-10, 2023
Nov. 13-17, 2023
Nov. 20-24, 2023
Nov. 27- Dec. 1,
2023
Dec. 4-7, 2023
External Costs and
Benefits of Business
Activities
Evaluate the visibility and impacts
of business on the community
No Code
Dec. 11-17, 2023
Jan. 3-5, 2024
Jan. 8-12, 2024
Reviews previous lessons and complies with 2nd Quarter academic requirements
Jan. 15-19, 2024
2nd Quarterly Assessment
Jan. 22-23, 2024
Prepared by:
LEAH MARIE S. ARENILLO
Teacher II
Noted by:
REGINA B. ROSALES
MT II/ Subject Group Head, GAS