Students view a video and answer questions about Gross Domestic Product (GDP). Graphs of real GDP per capita are used to demonstrate that the same set of data can be shown in different ways. Students are introduced to the concept of misleading graphs and complete an activity to identify misleading aspects of graphs. Working in groups, students support a given headline statement by manipulating a graph using an interactive tool. This will teach scale, origin, and units on a graph along with what makes a graph misleading. The lesson assumes students are able to calculate rate of change.
The students sharpen their graphing skills by interpreting the relationship between changes in the unemployment rate (%) and real GDP. From this graph, students will determine the natural rate of GDP growth for the U. S. Economy since 1960. They draw the linear relationship between the change in unemployment and GDP and interpret their graphs.
The stock-market crash of 1929 is generally seen as the start of The Great Depression, the worst economic downturn in the history of the United States. The Depression had devastating effects on the country. But it also served as a wake-up call for economic reform. Until the Great Depression, the U.S. government had made very few modifications to the nation's economic policies. It left the dealings of the economy and businesses to their own devices. But once the Great Depression began the nation needed help, FAST! The stock market was in shambles. Many banks closed. Farmers fell into bankruptcy and were forced off their land. Twenty-five percent of the work force, or 13 million people, were unemployed in 1932. In 1933, the Roosevelt Administration addressed the problem by making the government a key player in the nation’s economy. Using his New Deal as a force for reform, President Roosevelt created policies, agencies and standards to help alleviate serious problems. The reforms provided America with an economy that has been relatively stable for almost 80 years. Students will be prompted to think about the different programs and policies the New Deal created and how they are relevant to the role of government, and fiscal, and monetary policy, both then and now.
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Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
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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.
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This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
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