Download Objectives - Heard County High School

Heard County High School
Lesson Plan
Teacher: James Arp
Subject: Economics
Objectives:
SSEMA1 The student will illustrate the means by which economic activity is measured.
a. Explain that overall levels of income, employment, and prices are determined by the
spending and production decisions of households, businesses, government, and net
exports.
b. Define Gross Domestic Product (GDP), economic growth, unemployment, Consumer
Price Index (CPI), inflation, stagflation, and aggregate supply and aggregate demand.
c. Explain how economic growth, inflation, and unemployment are calculated.
d. Identify structural, cyclical, and frictional unemployment.
e. Define the stages of the business cycle, as well as recession and depression.
f. Describe the difference between the national debt and government deficits.
Activities:
1. Essential Question – Have students answer the following question(s) when they enter the
classroom
1. What is inflation?
2. How does it impact you?
After giving students a couple of minutes to respond on paper, sample the classes answers, and compile
them on the board. (This could be used as a class-wide diagnostic assessment, allowing the teacher to
have a sense of the student’s previous knowledge.)
2. Activity Sheet – Benchmark Review II
Students will review elements and standards that showed up as weaknesses on the previous
week’s benchmark exam. This review will cover specific terms and concepts that students are
likely to see on the EOCT.
3. Class discussion over previous day’s topic – GDP
4. Reading Quiz – covers pp. 319-321, 327
5. Introduce new topic – Inflation (refer to the Essential Question)
6. Review Vocabulary:
Week 9 Vocabulary
(1) GDP
(2) unemployment
(3) CPI
(4) economic growth
(5) inflation
(6) stagflation
(7) aggregate supply
(8) aggregate demand
(9) business cycle
(10) recession
(11) depression
(12) structural unemployment
(13) frictional unemployment
(14) cyclical unemployment
7. Class Discussion: GDP (PowerPoint Notes)
8. Homework: Study for Vocabulary Quiz
Evaluations:
1. Feedback from class discussion.
2. Class activity.
3. Reading quiz.