Teacher: Melanie Lisk
Subject: Economics
Dates: 2/2/15 – 2/6/15
Monday
Tuesday
Wednesday
GPS
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.
e. Define the stages of the business cycle; include peak,
contraction, trough, recovery, expansion as well as
recession and depression.
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.
e. Define the stages of the business cycle; include peak,
contraction, trough, recovery, expansion as well as
recession and depression.
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.
e. Define the stages of the business cycle; include peak,
contraction, trough, recovery, expansion as well as
recession and depression.
Lesson
Activator – Inflation KAHOOT!
Activator – Study for Quiz
Lesson
1. Students will quiz over inflation
2. Discuss Q’s from quiz, and identify who is still
not understanding
3. Students who missed 2 or fewer can work
independently. Students who missed more
than two will be given practice problems. I
will circulate & discuss progress with these
students.
Holistic discussion on economic growth and where
our economy stands
Lesson
Close
Lesson
1. Students will continue practicing inflation –
they will be given five problems to
complete.
2. Students will combine GDP and CPI
calculations to determine if economic
growth occurred and if price stability was
maintained.
3. Students will graph scenarios and tell what
happened to BOTH GDP and Inflation
Graph problems as a class.
Activator – White Board practice – answer two
Q’s related to GDP and Inflation
1. Economics USA Video – students will
watch the harmful effects of unstable
prices. The video will cover how graphing
aggregate supply & aggregate demand
can show growth and price change
Video discussion – thoughts & input
Thursday
Friday
GPS
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.
e. Define the stages of the business cycle; include peak,
contraction, trough, recovery, expansion as well as recession
and depression.
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.
e. Define the stages of the business cycle; include peak,
contraction, trough, recovery, expansion as well as recession and
depression.
Lesson
Activator – I will be out today. Students will begin
working on an inflation and GDP packet
Marine recruiter will be here today. He will discuss the
opportunities available for students.
Lesson
1. Students will complete a packet over
inflation and GDP.
He said he will need the entire class period
close
Complete assigned packet – Mrs. Foy says she can
go over answers with students.
Additional Notes
EQ’s
1. What is inflation?
2. How can hyperinflation and hyper deflation
be harmful?
*** I will be out 7th period on Thursday***