The lesson summarizes the content of the February 1, 2008, U.S. Department of Labor, Bureau of Labor Statistics, announcement of the unemployment rate and employment data for the month of January, 2008. The meaning and importance of the data are discussed. Student consider the implications of the data for the economy and themselves.Exercises are included for reinforcing the concepts.
Explore the connection between the economic indicators and real-world issues. These lessons typically can be done in one class period.
Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed at annual rates of +1.3 percent, +0.3 percent, -1.3 percent and +1.7 percent for each quarter respectively. This is the fastest rate of growth of GDP since the fourth quarter of 1999. The growth rate in real GDP for all of 2001 was 1.2 percent. That compares to a 4.1 percent annual growth rate in both 1999 and in 2000.
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Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
4 out of 9 lessons from this publication relate to this EconEdLink lesson.
This publication helps students analyze energy and environment issues from an economics perspective.
4 out of 10 lessons from this publication relate to this EconEdLink lesson.
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
3 out of 40 lessons from this publication relate to this EconEdLink lesson.