In this lesson, the students read a brief passage that poses the mystery, "How did the Great Depression happen?" As detectives, they gather clues using the Internet to investigate the mystery through a series of clue sheets. In the first step they complete a retrieval chart to summarize information about the consumer price index, unemployment rate, federal spending, and US and world events that have economic and political implications. Next, working in groups, they then do additional research on the Internet focusing on information on the economic conditions of the country looking at labor, income, unemployment, government spending, and the public debt. Then you will read three articles on some of the top economic events of the century, including Henry Ford 's impact, the Federal Reserve System's role in the economy, and the stock market crash of 1929. Finally, they complete an interactive web model that demonstrates the interdependence of a market system.
Using MS Excel and data from the Bureau of Economic Analysis web site on federal government spending, students will compare the amounts spent on various sectors and programs over a range of years.
This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about future inflation and included these in their wage demands. At the conclusion of this lesson, students will be able to graph and analyze the effects of a policy to hold unemployment below its natural rate. The goal is for students to see the link between the Phillips Curve and the short-run aggregate supply curve.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
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.
6 out of 9 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.
This revised edition features simulations, role plays, small-group discussions and other active-learning instructional activities to help students explore economic concepts through real-life applications.
2 out of 21 lessons from this publication relate to this EconEdLink lesson.