How does the Phillips Curve illustrate the three different places the economy can be in? Follow along with Mr. Clifford as he explains the ins and outs of this graph, including what marks a recession and inflation, and how the curve can shift as a result of shifting aggregate demand and supply.

Concepts

employment, recessions, inflation, macroeconomics, the economy

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Additional Tags

social studies

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Instructional Ideas

• After assigning the video for homework, implement a flipped classroom learning experience by assessing students on their understanding of the material the following day and further explaining the various graph shifts

Classroom Considerations

• Pupils should have a solid understanding of recessionary/inflationary gaps and full employment prior to beginning this video

• This video is hosted on YouTube

Pros

• Graphs help to illustrate concepts throughout the video
• Instructor offers useful tips for AP macroeconomics students to know

Cons

• None

Common Core

RH.11-12.3 RH.11-12.4 RH.11-12.7