Students investigate the origin of products they brought in for homework. They discuss how world trade operates and how countries get a fair price for goods. They also examine the relationship between supermarkets and their suppliers.
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The Output Gap: A‘Potentially’ Unreliable Measure of Economic Health?
How can we accurately estimate what the economy should produce now and in the future? Have your pupils tackle this question as they learn about real versus potential GDP and as they review data regarding the output gap in the United States.
9th - 12th Social Studies & History CCSS: Designed
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 instructional activity that details the expenditure method and four components...
10th - 12th Social Studies & History CCSS: Designed
The Business Cycle and Important Economic Measures
Help your class understand the natural cycle of growth and decline in an economy, and the importance of GDP, the unemployment rate, and inflation. Your learners will begin with reading, worksheets, and detailed direct instruction on...
10th - 12th Social Studies & History CCSS: Adaptable
Analyzing a Product or Political Advertisement
How do advertisements evoke specific thoughts and feelings? Class members find out through the exploration of the Internet, videos, television, magazines, radio, and posters. Learners investigate commercial advertisements, political...
6th - 12th English Language Arts CCSS: Adaptable
Get out of the textbook and into real economic issues with an innovative video. Crash Course Economics takes learners through a tour of macroeconomics and applies the three major factors of macroeconomics—gross domestic product,...
14 mins 9th - 12th Social Studies & History CCSS: Adaptable
GDP and Economic Growth
Get into the nitty gritty of GDP as this economics instructor breaks down how we measure the growth of an economy within a country's borders. You will review the four components (consumers, investments, government, and foreign...
4 mins 11th - 12th Social Studies & History CCSS: Adaptable
EconMovies 6: Back to the Future (Nominal vs. Real, Unemployment, Inflation)
Here is a gem of a resource for you and your learners to learn about nominal vs. real GDP and the different types of unemployment using clips from the film Back to the Future. This engaging presenter reviews the goals of an economy, how...
7 mins 11th - 12th Social Studies & History CCSS: Adaptable
The Fed Explains: Real Versus Potential GDP
How can the Federal Reserve affect the gross domestic product of America? Find out how the duties of the Fed coincide with the GDP and unemployment rate of the country with a short video from the Federal Reserve Bank of Atlanta.
4 mins 9th - 12th Math CCSS: Adaptable