Economics HSC Topic 3 Economic Issues – Unemployment: Trends in the labour force Teacher notes. Trends in the labour force Rationale In this ‘laptops for learning’ lesson, students will use ICT extensively as they learn how the LFPR and unemployment rates are defined and calculated and how to draw accurate conclusions from unemployment data in relation to trends and the causes of unemployment. Quality Teaching Target Areas Engagement Outcomes H1 demonstrates understanding of economic terms, concepts and relationships H9 selects and organises information from a variety of sources for relevance and reliability H11 applies mathematical concepts in economic contexts H10 communicates economic information, ideas and issues in appropriate forms Information Communication Technologies (ICT) Construct a spreadsheet from a given set of data Create graphs and a word processed analysis Email spreadsheet and word processor documents Provide feedback using the “track changes” & “new comment” functions of MS Word Background Information about the lesson This lesson can be taught at the beginning of the series of lessons on unemployment in the “Economic Issues” topic of the HSC course. This lesson will take 2 periods (1 long period). Resources - Laptop Economics Textbook Table 1 (see below) Tutorials: Excel tutorial Line graph tutorial © Commonwealth of Australia 2009 Page | 1 Lesson Plan: Unemployment Learn abouts Unemployment - measurement -labour force -participation rate -unemployment rate calculate the unemployme nt rate and the participation rate using labour force statistics Teaching & Learning Strategies ICT Introduction (20 mins) Read/discuss the definition of the labour force and unemployment; students make notes Define LFPR; define unemployment rate; discuss the relationship between the two; students make notes Deconstruct the formulae for the LFPR and Unemployment Rate; students make notes Calculation activity (15 mins) Students: Open a new MS Excel file to create a table, completing Excel formulae for LFPR and Unemployment Rate (make up a name for the nation to use in the title) identify and analyse problems facing contemporary and hypothetical economies Transfer the data from Table 1 into it Using the chart wizard, complete 2 line graphs for the LFPR and Unemployment Rate over the 4 years Open a new MS Word document; add a title; paste the graphs; save assess the key problems and issues facing the Australian economy Students: Complete a 500 word analysis of the trends evident in the graphs, suggesting some possible causes; add to the MS document Excel tutorial Connectedness Line graph tutorial Analysis (30 mins) Email the document to a partner Email Partners read the document and make editions and comment utilising the “track changes” & “new comment” functions in MS Word Track changes Add comment Partners email the document back to the author and discuss feedback Conclusion (10 mins) Review formulae and definitions Compare analyses Discuss the effectiveness of Excel and Word in the analysis and presentation of data © Commonwealth of Australia 2009 Page | 2 Student worksheet - Calculating LFPR and Unemployment Rate using ICT Resources: Laptop, Economics Text, Table 1 (below), Tutorials: Excel tutorial Line graph tutorial You are going to create a report based on the figures in Table 1 below. Your report will be an analysis of changes in the labour force statistics for a nation (you choose to name the nation) using line graphs you have created in Microsoft Excel. Calculation activity (10 mins) Open a new MS Excel file to create a table, completing Excel formulae for LFPR and Unemployment Rate (make up a name for the nation to use in the title) Transfer the data from Table 1 into it Using the graph wizard complete 2 line graphs for LFPR & Unemployment Rate over 4 years Paste the graphs into a MS Word document (next activity) Analysis (25 mins) Create a word document with an appropriate title (eg. Trends in the labour force for A Land Years 1-4). Complete a 500 word analysis of the trends evident in the graphs, suggesting some possible causes Once completed, email the document to a partner Partners read the document and make editions and comment utilising the “track changes” function in MS Word Email the document back to the author and discuss feedback Conclusion (5 mins) Class reviews formulae and definitions of unemployment and LFPR Class compares analyses Class discusses the effectiveness of Excel and Word in the analysis and presentation of data Table 1: Hypothetical employment figures for a nation Yr Employed (million) Unemployed (million) 1 21 0.8 33 2 21.5 1.0 34.6 3 22.0 1.2 35.9 4 23.0 1.0 38 © Commonwealth of Australia 2009 Labour force (million) Working age population (million) LFPR % UE rate % Page | 3