A lesson in Applied Economics

1. Prayer

2. Attendance
Check

3. Review of the
Past Lesson

4. Review of the Past Lesson
•Pieces of broken hearts will be
distributed.
•Look for a pair with the exact
definition of each economic system.

5. Checking of
Assignments

6. Learning Objectives
At the end of the lesson, the learners
should be able to:
define demand and supply; and
state the law of demand and supply
(ABM_AE12-Ie-h-4)

7. Motivation

8. Motivation: Puzzle
•Divide the class into four groups.
•Provide each group with a puzzle cut
in different shapes.
•Let them arrange the puzzle to form a
picture.

9. Activity: Picture Analysis

11. Analysis:
•What can you say about the picture
shown?
•Does it gives you an idea about
demand and supply? How?
•Base on the picture, how can you
establish the relationship between
demand and supply?

12. EDAMND
Demand means the desire for a particular
good backed up by sufficient purchasing
power.
 The term demand signifies the ability or
the willingness to buy a particular
commodity at a given point in time.
 Demand refers to the actual purchase of a
good or service.
DEMAND

13. EDAMND ESCHDUEL
Demand Schedule reflects the quantities of
goods and services demanded by a consumer or
an aggregate of consumers at any given price.
Demand Schedule for Candies
Price per piece Quantity Demanded
Php 5 10
4 20
3 30
2 40
1 50
0 60
DEMAND SCHEDULE

14. MANEDD RCUVE
• Demand Curve is a graph showing the relationship of
price and quantity demanded.
0
1
2
3
4
5
6
10 20 30 40 50 60
Demand Curve for Candies
Price
per
Piece
Quantity Demanded
DEMAND CURVE

15. Law of Demand
The quantity of a commodity which
buyers will buy at a given time and place
will vary inversely with the price, ceteris
paribus.
This means that as price increases,
quantity demanded decreases, and as
price decreases, quantity demanded
increases other things are constant.

16. PPLSUY
Supply is the quantity of a commodity
that is in the market and available for
purchase at particular price.
Supply is the amount of goods and
services available for sale at a given
price in a given period of time and
place.
Supply implies the ability and
willingness of sellers to sell.
SUPPLY

17. SPPUYL CSHEUDLE
• Supply Schedule shows the different quantities that
are offered for sale at various prices. The supply
schedule may reflect the individual schedule of only
one producer or the market schedule showing the
aggregate supply of a group of sellers and producers.
Supply Schedule for Candies
Price per piece Quantity Supplied
Php 5 50
4 40
3 30
2 20
1 10
0 0
SUPPLY SCHEDULE

18. PPSULY RUCEV
Supply Curve is a graph showing the
relationship of price and quantity supplied.
0
1
2
3
4
5
6
10 20 30 40 50
Supply Curve for Candies
Price
per
Piece
Quantity Supplied
SUPPLY CURVE

19. Law of Supply
The law of supply states that the price
and quantity supplied are directly
related. When the price rises, the
quantity supplied increases also. If
the price decreases, the quantity
supplied also decreases, ceteris
paribus.

20. Application: Cabbage Relay
• There will be crumpled papers that will be
passed around. These crumpled papers
contain questions about demand and supply.
• These crumpled papers will be passed around
while singing a song.
• When the music stops, the one holding the
crumpled papers will be the one to answer the
question.

21. Evaluation: Essay
• Write an essay using the guide questions
below.
What is demand and supply?
What does the law of demand states?
What does the law of supply states?

22. Rubrics in Rating the Essay
Criteria 5
(Very Good)
4
(Good)
3
(Fair)
2
(Poor)
Knowledge
about the topic
Very good
knowledge
about the topic
Good
knowledge
about the topic
Fair
knowledge
about the
topic
Poor
knowledge
about the
topic
Presented clear
examples about
the topic
discussed
Presented 3
examples
about the topic
Presented 2
examples about
the topic
Presented 1
example
about the
topic
No example
about the
topic
Submitted on
time
Submitted on
time
Submitted late
5 minutes
Submitted
late 10
minutes
Submitted
late 15
minutes
TOTAL 15 12 9 6

23. Scale:
15- 100%
14- 93%
13- 86%
12- 80%
11- 75%

24. Agreement:
•Read about the determinants of
demand and supply

25. ANY QUESTIONS?

26. Thank You!