Students examine the different methods of production. They relate the new concepts to different production contexts. They identify the external factors that influence firms.
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GDP: Does It Measure Up?
Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional worksheet that details the expenditure method and four components for...
10th - 12th Social Studies & History CCSS: Designed
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in the production of a car, and use that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources,...
10th - 12th Social Studies & History CCSS: Adaptable
Economic Health Indicators: GDP and CPI Worksheet
Examine the nation's economic health using this GDP and CPI worksheet, which features helpful graphic depictions of complex concepts. The first 2 pages include 17 short-answer questions intended to guide reading from a text (not...
11th - 12th Social Studies & History
Chapter 7: Measuring Domestic Output, National Income, and the Price Level
Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...
10th - 12th Social Studies & History
How Much is There to Eat? A Comparison Between India and the Southern United States
Students compare American South with India in terms of population density and food production. They practice math skills of estimation and calculation, visualize relative sizes of areas and populations, explore relationship between...
K - 12th Math
Lesson Plan: What We Value
How have values changed? How does our society influence our choices? Two great questions lead this discussion about food production, history, and cause-and-effect relationships. Pupils analyze a limestone relief from Assyria, research...
7th - 12th Visual & Performing Arts
Focus on Economic Data: US Real GDP Growth, 4th
Learners identify key economic indicators to understand real GDP growth. They calculate the historical and recent GDP, assess GDP data in relation to business cycles, and make predictions about the impact of currect GDP growth....
7th - 12th Social Studies & History
Focus on Economic Data: US Real GDP Growth, August 26, 2011
Young economists answer a series of critical thinking questions as they analyze real data that shows GDP Growth. They examine the provided charts, read through the background information, and discuss changes that occurred in the third...
9th - 12th Social Studies & History