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    m12 - Applied

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    Gerald Salud
    This document outlines a module on socioeconomic impact studies from an Applied Economics course. The module contains 4 lessons that will teach students to identify and explain various socioeconomic factors affecting business and industry. Lesson 1 discusses how businesses impact consumers, suppliers/investors, government, households, and international trade. It also provides example impacts, such as how consumers benefit from new products and jobs are created. The document includes learning activities, assessments, and a reflective journal for students.

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    © All Rights Reserved
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    m12 - Applied

    Uploaded by

    Gerald Salud
    15 views4 pages
    This document outlines a module on socioeconomic impact studies from an Applied Economics course. The module contains 4 lessons that will teach students to identify and explain various socioeconomic factors affecting business and industry. Lesson 1 discusses how businesses impact consumers, suppliers/investors, government, households, and international trade. It also provides example impacts, such as how consumers benefit from new products and jobs are created. The document includes learning activities, assessments, and a reflective journal for students.

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    m12 - applied

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    This document outlines a module on socioeconomic impact studies from an Applied Economics course. The module contains 4 lessons that will teach students to identify and explain various socioeconomic factors affecting business and industry. Lesson 1 discusses how businesses impact consumers, suppliers/investors, government, households, and international trade. It also provides example impacts, such as how consumers benefit from new products and jobs are created. The document includes learning activities, assessments, and a reflective journal for students.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views4 pages

    m12 - Applied

    Uploaded by

    Gerald Salud
    This document outlines a module on socioeconomic impact studies from an Applied Economics course. The module contains 4 lessons that will teach students to identify and explain various socioeconomic factors affecting business and industry. Lesson 1 discusses how businesses impact consumers, suppliers/investors, government, households, and international trade. It also provides example impacts, such as how consumers benefit from new products and jobs are created. The document includes learning activities, assessments, and a reflective journal for students.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    APPLIED ECONOMICS

    Name: _______________________________
    Grade and Section: ____________________

    Module 12: Socioeconomic Impact Study


    (4th Quarter, 2nd Semester)

    In an economy, businesses operate in a community with several sectors. These include the consumer,
    suppliers-investors, governments, households, and foreign countries. The impact of a business on each of these
    stakeholders differs based on factors that concern them. These factors could be used to measure the impact of
    the business on the stakeholder.

    From this module, you will find the following lesson:


    Lesson 1: Socioeconomic Impact Study

    LEARNING OBJECTIVE

    Upon successful completion of this module, you will be able to:


     identify and explain the various socioeconomic factors affecting business and industry. (DepEd-MELC,
    DICES)

    PRETEST
    Directions: Supply the missing words to identify the indicators being described in the following items.

    1. It refers to the economic transactions that are made between countries.


    N T N A T

    1
    2. These are imposed in almost every country of the world, primarily to raise revenue for government
    expenditures, although they serve other purposes, as well.
    T

    3. It provides the legal and social framework, maintains competition, provides public goods and services,
    redistributes income, is correct for externalities, and stabilizes the economy.
    G E R

    4. It is defined as all those man-made goods which are used in further production of wealth.
    A P

    5. It is the social science that studies how economic activity affects and is shaped by social processes.
    O I O

    DAY 1

    Lesson No: 1
    Lesson Title: Socioeconomic Impact Study
    Learning Target: Identify and explain the various socioeconomic factors affecting business and industry.
    (DepEd-MELC, DICES)
    Values/Graduate Attribute: The learners will be aware of how economics affects their daily lives and
    become responsible for addressing basic economic problems and issues they will encounter.
    References: R.K. Laurel & S.J. Zambrano (2018). Applied Economics For The Global Filipino.
    SalesianaBooks by Don Bosco Press, Inc.

    Concept Notes:
    A socioeconomic impact study requires the identification and evaluation of the potential
    socioeconomic impact of an activity on the lives of those in the community. Evaluating the socio-
    economic impact of a business allows them to align its profitable endeavors with the needs of the
    community and contribute to a more sustainable development of society.

    IMPACT ON CONSUMER
    - Consumers benefit from new businesses’ innovation and novel ideas. Businesses rely on the
    consumers’ consumption of the commodities they produce, whether it is a good or service.

    IMPACT ON SUPPLIERS-INVESTORS
    - New businesses allow for suppliers and new investors to earn and increase income.

    IMPACT ON THE GOVERNMENT


    - Revenue generated by the government from tax it collects is used to provide public services. Businesses
    start with obtaining a license to operate by paying fees to the local government. Workers employed by
    the firm also pay taxes for the wage they are paid.

    IMPACT ON HOUSEHOLDS
    - Households are able to increase their wealth when new businesses offer job opportunities.

    2
    IMPACT ON INTERNATIONAL TRADE
    - Globalization and international trade are an advantage to a business. Globalization has allowed for the
    easier flow of goods and services across borders. Export and import of commodities between countries
    are influenced by the demand for these commodities both domestically and internationally.

    DAY 2

    Time started: ______


    Time finished: ______

    LEARNING ACTIVITY 12.1


    Activity Title:
    Learning Target: Identify and explain the various socioeconomic factors affecting business and industry.
    (DepEd-MELC, DICES)
    Values/Graduate Attribute: The learners will be aware of how economics affects their daily lives and
    become responsible for addressing basic economic problems and issues they will encounter.

    Directions: Turn to page 93-94 of your book, Applied Economics for The Global Filipino, and
    accomplish the task in Chapter 5 Activity. Write your answer on a separate sheet of paper.

    DAY 3

    POST-ASSESSMENT

    Directions: Answer the following questions in not less than three (3) sentences.

    A. As a consumer, what are the different factors that will make you buy a certain product or item? Explain.
    _________________________________________________________________________________
    _________________________________________________________________________________
    _________________________________________________________________________________
    _________________________________________________________________________________
    B. During this pandemic, how are you going to describe the socioeconomic status of our country? Explain.
    _________________________________________________________________________________
    _________________________________________________________________________________
    _________________________________________________________________________________
    _________________________________________________________________________________

    3
    Rubrics:

    CRITERIA 5 4 3 2
    The contents are very The contents are very The contents clear, only The contents are almost
    clear and contain the clear, and some lacking in some necessary clear.
    CONTENT necessary information that information was aligned information needed in the
    is aligned with the in the organized ideas. organized ideas.
    organized ideas.
    Ideas are very organized Ideas are very well Ideas are organized. Ideas are almost
    ORGANIZATION
    accordingly and reached organized. organized.
    OF IDEAS
    the expectations.

    REFLECTIVE JOURNAL

    Directions: In one or two paragraphs,


    summarize your learnings or insights
    from this module. How can you apply
    this in your daily life as an ABM
    student?

    _______________________________________________________________________________________
    _______________________________________________________________________________________
    _______________________________________________________________________________________
    _______________________________________________________________________________________
    _______________________________________________________________________________________

    ANSWER KEYS
    5. SOCIOECONOMICS
    4. CAPITAL
    3. GOVERNMENT
    2. TAXES
    1. INTERNATIONAL TRADE
    PRE-TEST

    NO PART OF THIS PUBLICATION MAY BE REPRODUCED, DISTRIBUTED, OR


    TRANSMITTED IN ANY FORM OR BY ANY MEANS, WITHOUT THE PRIOR WRITTEN
    PERMISSION OF THE AUTHOR.

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