Lesson Plan in Economics – Grade 12

Accountancy, Business and Management (ABM)

February 24, 2017

I. LESSON OBJECTIVES:

At the end of the lecture, the students are expected to:

1. Define concepts such as quantity demanded, demand schedule and demand

curve.
2. Plot the points in the demand curve.
3. Give the importance of the Law of demand based from real life experiences.

II. SUBJECT MATTER

a. Topic: The Law of Demand

b. References: Principles of Economics Volume 1: Microeconomics (Case, Fair,
Oster) pp.82-87
c. Materials: Laptop, LCD Projector, Motivation Ball
Pictures, Videos

III. PROCEDURE:

A. INTRODUCTION
Teacher’s Part Learner’s Part

1. Prayer
Please all stand for the prayer.

Video Presentation (I see you Lord)

2. Greetings
Good Morning Class! Good Morning Ma’am!

Before you take your seats, please pick

up pieces of paper or trash under your
chairs and arrange your chairs properly. Yes Ma’am!

Please take your seats. Thank You Ma’am!

3. Attendance
Are there absent students in the class
today? No Ma’am.
 Very Good!

4. Reminders
Okay class, don’t forget with your
project in Economics to be passed on Yes Ma’am!
Monday. Okay?

B. REVIEW (4 PICS 1 WORD STRATEGY)

Teacher’s Part Learner’s Part
Today is Throwback Thursday!
Do you want to play a game? Yes Ma’am!

Are you familiar with the game “4 Pics 1

Word? Yes Ma’am!

Perfect! I will present to you 4 pictures

and you will guess the mystery word based
from the pictures and from the letters given
below. If you know the answer, just raise
your hand and teacher will call you.
Understood?

Okay. Let’s Start!

Heeeeep! Heeeeep! Hooraaaaay!

First Word:
What do you think is this word?

Clue: These are the things necessary

for living. These are the things that we need
in order to live and survive.

Yes Please? NEEDS

Very Good!

Second Word:
 What do you think is this word?

Clue: These are the things we desire WANTS

or the luxuries that we wish for.

Yes Please?

Very Good!

So, Needs and Wants are the things

that we have discussed last meeting.

C. MOTIVATION (VIDEO WATCHING STRATEGY)

Teacher’s Part Learner’s Part
I know you are very excited with our
new lesson today. But before that, I have
another activity prepared just for you. Are
you excited? Yes Ma’am!
I will play 2 videos and I want you to
explain what you have observed from the
videos given. Just raise your hand if you
know the answer. Okay? Yes Ma’am!

Perfect! Let’s start with the first video

First Video:

Next will be the second video.

Second Video:
 What have you observed in the first
video?

Yes Marie? Ma’am, in the first video I

have observed that there’s no
customer around.

Very Good observation!

What do you think is the reason why

there are no customers buying the products
in the first video?

Yes Ben? Ma’am, I think the products

in the first video are very
expensive.

Very Good observation!

How about in the second video, what

have you observed?

Yes Mark? Ma’am, in the second video

I have observed that there are a
lot of customers buying the
products.

Very Good observation!

What do you think is the reason why

there are many customers in the second
video?

Yes Queen? In the second video Ma’am,

the customers can afford the
products or the products being
sold are cheap and affordable to
everyone.
Very Good observation!

D. PRESENTATION (JUMBLED LETTERS STRATEGY)

Teacher’s Part Learner’s Part
The videos presented earlier are
related to our topic this morning. I have
another game called “Guess What?” I will
play a video and I want you to guess what
that video is all about by arranging the
jumbled letters presented after.

Understood? Yes Ma’am!

(The teacher will present the first video

and the jumbled letters: DNAEMD)

What was the video all about?

Yes Please? Ma’am, the video was about

DEMAND.

Very Good! What is a demand based

from the video?

Yes Please? Demand refers to the amount of

some good or service consumers are
willing and able to purchase at each
price. It is based on the ability to pay;
If you cannot pay, then you have no
effective demand.

Very Good!

Let’s proceed to the next Video. .

(The teacher will present the second

video and the jumbled letters: QNUAITYT
NADEMDDE)

What was the video all about?

Yes Please? Ma’am, the video was about the

QUANTITY DEMANDED.

Very Good! What is Quantity

Demanded based from the video?

Yes Please? Ma’am, it is the amount

(number of units) of a
product that a household
would buy in a given period if
it could buy all it wanted at
the current market price.

Very Good!

Let’s proceed to the next video. .

(The teacher will present the third

video and the jumbled letters: ENDAMDN
SHCUEDEL)

What was the video all about?

Yes Please? Ma’am, the video was about

the DEMAND SCHEDULE.
 Very Good! What is a Demand
Schedule based from the video?

Yes Please? Ma’am, it shows how much of

a product a person or a household
is willing to purchase per time
period (each week or each month)
at different prices.

Very Good!

I have here another example of a

demand schedule:
Enrique Gil’s Demand Schedule for
Chocolates
Quantity
Price (per piece)
Demanded
20 0
15 2
10 4
5 6
0 8

(The teacher will present the fourth

video and the jumbled letters: ADMEDN
EVURC)

What was the video all about?

Yes Please? Ma’am, the video was about

DEMAND CURVE.
Very Good! What is a Demand Curve
based from the video?

Yes Please? A graph illustrating how

much of a given product a
household would be willing to buy at
different prices.

Another example to that is this one:

 Ma’am, there is an inverse
relationship between the price and
quantity demanded. As price falls,
quantity demanded increases. As
price rises, quantity demanded
decreases.
Based from Enrique’s Demand
Schedule for Chocolates, we were able to
plot the points in the Demand Curve. What
have you noticed in the graph?

Yes Please?

No Ma’am!

Very Good! That is what we call the

Law of Demand. There is a negative
relationship between the price and quantity
demanded.

Do you have any questions from our

discussion earlier?

Okay, Since you don’t have questions,

I’ll be the one to ask you 5 questions.

E. ANALYSIS (CATCH ME I’M YOURS STRATEGY)

Teacher’s Part Learner’s Part
Okay Class, I have here a ball. I will
throw this to you and if someone catches it,
he/she will be the one to answer the
question. Understood? Yes Ma’am!

Okay let’s start.

1. What are the factors that made you

define the following: quantity
demanded, demand schedule, and
demand curve?
(The teacher will throw the ball to the
class)

Yes Please?

Very Good! Next question.
Ma’am, the factors that
made me define the following are
the videos presented, the pictures
being shown and also the real
experiences I have like in the
market or mall about demand.

2. Were you able to find the video

presentation an effective tool in
defining the terms? Why?
(The teacher will throw the ball to the
class)

Yes Please?

Yes Ma’am, the video

presentation was very effective
because it explained well the
Very Good! Next question. definition of each terms.

3. In plotting the demand curve, what

are the factors necessary in
achieving a correct plotting
experience?
(The teacher will throw the ball to the
class)

Yes Please?

First you should analyze the

demand schedule well to be able
to plot well, next is to plot the
points in its designated places if it
is in the x or y axis, and lastly, to
draw a curve to be able to present
the negative relationship between
price and quantity demanded.
Very Good! You were able to explain
the factors well. Next Question. .

F. ABSTRACTION (CATCH ME I’M YOURS STRATEGY)

Teacher’s Part Learner’s Part
4. How did we define the following
terms:
 Quantity Demanded
 Demand Schedule
 Demand Curve
(The teacher will throw the ball to the
class)
 Yes Please? Ma’am, Quantity demanded
is the amount (number of units) of
a product that a household would
buy in a given period if it could buy
all it wanted at the current market
price. Demand Schedule is the
Shows how much of a product a
person or a household is willing to
purchase per time period (each
week or each month) at different
prices. And Demand Curve is the
A graph illustrating how much of a
given product a household would
be willing to buy at different prices.

Very Good! Last question.

5. How was the demand curve

plotted?
(The teacher will throw the ball to the
class)

Yes Please? Ma’am, demand curve was

plotted by first looking at the
demand schedule, we have to
analyze it well and put the points
in its correct place. The price
should be in the x axis and the
quantity demanded should be in
the y axis. After the points plotted,
we have to draw a line or a curve
to connect the points and create a
downward slope.

Very Good! Now we have fully

understood the concepts of demand and
we are now knowledgeable in plotting the
demand curve.

G. APPLICATION (ROLE PLAYING STRATEGY)

Teacher’s Part Learner’s Part
So now let’s proceed to another
activity. I will group you into 3 groups based
from your chairs’ arrangement.
I want you to act a situation wherein
the demand is applied. You have to think of
a real life experience.

Understood everyone? Yes Ma’am!

Okay, I will give you 1 minute to

brainstorm and practice. Good luck!
 The rubrics for this activity will be the following:

H. EVALUATION
Teacher’s Part Learner’s Part
In a 1 whole sheet of paper, plot the
demand curve using the demand schedule
given.

Demand Schedule for Umbrella

Price Quantity Demanded

20 260

40 220

60 180

80 140

100 100

Understood? Yes Ma’am!

The rubrics for this activity will be the following:

 IV. ASSIGNMENT
Teacher’s Part Learner’s Part
In a 1 whole sheet of paper, discuss
the Law of Demand and make a Demand
Schedule of your snacks per month; plot a
Demand Curve after.

Understood? Yes Ma’am!

The rubrics for this activity will be the following:

For the discussion:

For the Demand Schedule and Demand Curve:

V. Closing
Teacher’s Part Learner’s Part
Okay, that’s all for today class.
Goodbye! Have a nice day!
Thank you and Goodbye Ma’am!

QUEENIE MARIE O. ALAS

Applicant Observer