Download GDP Analysis: World Geographic Economic Differences

Wealth
GDP Analysis: World
Geographic Economic
Differences
Keith White
Peoria Unified School District #11






American Economics
AZ/US Government
Sociology
Social Studies Dept.
Chair/Instructional Leader
Raymond S. Kellis High School
Teacher Consultant (TC) Arizona
Geographic Alliance
GDP Connection to Social Studies





Economics (Indicators)
Geography (Relationship & Location)
Sociology (Culture & Social
Problems)
AZ/US History (Trends in growth)
AZ/US Government (Public Policy)
Grade Level


9-12 (High School)
Basic GDP can also be applied in
lower elementary levels, ELL, and
Special Education
Time Frame




Designed for 90-minutes on block
schedule
Homework research assessment
Extensive opportunities to apply
extensions based on subject and
grade level
Modifications for 30-minutes to 120minutes and Honors or AP classes
National Geography Standards


Element Four: Human Systems
11-The Patterns and Networks of
Economic Interdependence
on Earth's Surface
AZ State Geography Standards




PROFICIENCY
3SS-p2 Analyze natural and human
characteristics of places in the world studied to
define regions, their relationships, and their
pattern of change, with emphasis on:
PO1-the interrelationships among natural and
human processes that shape the geographic
characteristics of regions, including connections
among economic development, urbanization,
population growth, and environmental change.
PO4-how the character and meaning of a place is
related to its economic, social, and cultural
characteristics and why different groups in
society view places and region differently.
AZ Economic Standards


Concept 2 Microeconomics PO1
Interdependence of households
Concept 3 Macroeconomics PO1
Gross Domestic Product
Other Standards


Math (Calculations and comparisons)
Language Arts (Research and
writing)
Overview of GDP





Continues Macroeconomics Unit
(Concept 3)
Continue Economic Indicators
Chapter (PO1)
Uses comparative analysis and
location
Provides brief understanding of GDP
Student connection and importance
as consumers and citizens
Materials






World Atlas (each student or pairs)
Simple calculator (each student or
pairs)
GDP power point
GDP tables
Blank World map (each student)
Internet (optional)
Objectives




The student will be able to describe economic indicators
and why they are used and then describe GDP, its
calculation and how population is used to determine per
capita GDP.
Next, complete a comparative analysis categorizing high
and low per capita GDP and identifying and labeling on a
world map.
Finally, make a written recommendation on a poor GDP
county that has been researched by the student for
geographic and additional economic data.
Extensions (optional): The student will identify key
economics resources in Arizona that would contribute to the
US GDP totals and add to the Arizona Standard of Living.
Procedures






Follow power point or copy for
overhead transparencies overview of
GDP
Calculate per capital GDP
Draw comparisons in relation to
poverty, standard of living, and trade
World Map location
Research Assessment (Homework)
Extensions
Key Economic Terms














Economic Indicators
GDP
GNP
Nominal
Real
CPI
Inflation
Per Capita
Goods/Services
Import/Export
Trade Surplus/Trade Deficit (net)
World Bank
Relative Poverty
Factors of Production
Guided Practice





Use World GDP Tables
Calculate per capita (nominal GDP /
population)
Locate, identify, label and shade on world
map top 10 per capita GDP countries
Locate, identify, label and shade on world
map bottom 10 per capita GDP countries
Locate, identify, label and shade on world
map 5 additional per capital GDP countries
that the student selects. (Native country
or countries of interest.)
Who Cares About GDP?






Comparative understanding of resources,
trade, and standard of living.
Poverty and it’s relativity.
Life affected by conveniences, comforts,
good food, nice things!
Geographic awareness of other countries
in comparison to the USA.
Connections from economics to
geography.
What does Arizona do to contribute to the
GDP? (Optional extension)
Assessment





Student Selects developing country to research
Determines population, GDP, and calculates per
capita.
Compares with US data
Brief analysis of available resources, labor and
trade opportunities
Summarized in a 1-page letter to the World Bank
asking for a 10-billion dollar loan and why the
loan would be necessary to improve the per
capita GDP, improve standard of living, and
reduce poverty, suffering, and misery.
Extensions







Arizona GDP contribution
Poverty relativity
Politics and Comparative Economic
Systems (Socialism and Capitalism)
Trade, comparative advantage, and
deficits
Factors of Production
Scarcity of resources
Labor force education, health care
Sources







Middle School World Geography: Focus on
Economics NCEE (Lesson 5)
World Geography Today HOLT (Chapter 6 Human Systems)
Economics: Principles and Practices GLENCOE
(Chapter 14)
Arizona Geographic Alliance (Map)
An Empire of Wealth (John Steele Gordon) The
Epic History of American Economic Power
PERENNIAL PRESS
www.imf.org (International Monetary Fund)
www.cia.gov (Central Intelligence Agency – Fact
Book)