 Why do you think the learners need to learn these concepts?

Ans: The learners need to learn these basic concepts because they must
aware what are the components of micro & macroeconomics in order for them
to have a growth mindset especially of the cashflow of our economic cycle.
One goal for this is to develop their analysis about the market mechanisms
that establish relative prices among goods & services inorder to allocate
limited resources among alternative uses. It also shows conditions of free
market that can leads to desirable allocations and market failures where
market fail to produce efficient results.

 Why real life situation you can draw out of these concepts in view of learners
perspective?
Ans: In this topic, the learners clearly explore and understand how such
firms/entity decide how to use the economic resources such as land, labour,
capital & entrepreneurial activity which are required to produce final goods.
Through the use of demand and supply theory, they can easily apply what
particular price they can tag in such particular product. Example, if the
demand is high they can produce more goods, if it is low it’s directly
proportion. The learners must deal with the model that serves their
benchmark in analysing real world market.

 How do you discuss any of the concepts that capture the capstones
experience of the learners?
Ans: The very basic concept of economics that can cope the learners
experience is the law of supply & demand .If the supply is high the price is
high, if the supply is low the price is low; the relationship of the supply and
price is directly proportion to each other. If the demand is high, the price is
low, if the demand is low the price is high; the relationship between the
demand and price is inversely proportion to each other. It is very important to
the learners to know and apply this so that they can have clear understanding
on what should be done especially to the goods that produce and such
particular price per unit.

 Write a semi-detail lesson plan in any of the topic that you have watch in the
video presentation make sure that the procedure of instructional delivery is
clearly indicated.
Ans:
 A Detailed Lesson Plan in Applied Economics
I.OBJECTIVES
At the end of the required period, the students are expected to:

 Explain the law of Supply & Demand and what causes of the price to change.
 Create Supply and Demand Schedule.
 Integrate the combination of Law of Supply & Demand

II. SUBJECT MATTER

TOPIC: LAW OF SUPPLY & DEMAND

Reference: Economics and Society by: Bautista Germelino
Guide to Economics for Filipinos by: Bernardo
Other References: Introduction to Entrepreneurship by the Small Enterprises
Research
and Development Foundation (SERDEF) in Cooperation
with UP
Institute for Small-Scale Industries. 2007.
Instructional Materials: DLP, Desktop, Pictures, Cartolina,
Paper tape, Pentel pen, Pocket Chart

III. PROCEDURE

 Class Greetings
 Checking of Attendance
 Motivation
 (Shows pictures to the students about the 4 Basic Economic
Resources)

 Lesson Proper
 Present the student economic terminologies
 Market- a place or service that allows buyers and sellers to
exchange goods and services.
Target Market- the primary/ target customer.
Economic good- an economic good refers to goods and
services.
Target Market- the primary/ target customer.

Economic good- an economic good refers to goods and

services.
Economic bad- any item for which we would pay to have less
of.
Scarcity- there is not enough of that item to satisfy everyone
who wants it
Equilibrium- the point at which the quantity demanded
equals
the quantity supplied at a particular price
Surplus- at prices above the equilibrium price the quantity
supplied
is greater than the quantity demanded
Shortage- at prices below the equilibrium price the
quantity demanded is greater than the quantity
supplied.
Price-the amount of product/services that is willing to
exchange.

 Lesson Proper
LAW OF SUPPLY DEMAND

Law of Supply
-As the supply increases the price also increases. The relationship
between the supply and the price is directly proportion to each other.
Law of Demand
As the demand increases the price
Decreases. The relationship between the demand and the price is
inversely proportion to each other.

Demand Schedule

Quantity Price
Demanded
20 5
35 4
40 3

 Changes in Price
Price may change when demand, supply, or both change. An increase in
demand cause prices to increase. An increase in supply cause prices to
decrease. If demand and supply both increase but the demand change is
larger, price will increase: it will act as if the only change had been a
change in demand. If demand and supply both increase but the supply
change is larger, price will decrease: it will act as if the only change had
been a change in supply

APPLICATION
 ( Teacher divides the students into 2 groups)

Activity: Create demand and supply schedule.

(The teacher give instruction to the students)

 Instruction: Create the following schedule

Group 1: Supply Schedule
Group 2: Demand Schedule

 Present rubrics to the class.

(The teacher will critic the student’s performance)

Generalization

(Let the students, answer the following questions by playing the cabbage relay.)

IV. EVALUATION

ACTIVITY 2
Instruction: Group the students into 2 groups and identify what
particular products/services they want to sell in the month from
January to December. And choose at least 1 group representative to
explain to the class.

Present the rubrics to the students.

Let the students do the activity.

MONTH PRODUCTS/SERVICES
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
 SEPTEMBER

V. ASSIGNMENT
1 whole sheet

 Research about Elasticities.

(Reference: Google.com)

Prepared by:

Wilson Jan G. Alcopra