Nearpod version available

Grade 9-12
,
Lesson

Analyzing the Business Cycle with Piecewise Functions

Time: 80 mins,
Updated: March 24 2021,
Author: Beth Rempe

Objective

Students will be able to:

  • Explain how changes in economic conditions affect real GDP.
  • Generalize the business cycle as a piecewise function.
  • Discuss the business cycle in terms of a function.
  • Find the extrema of a function and use it to compare economic conditions.

Prior Knowledge

Students should be able to:

  • Write a linear equation in slope-intercept form given two points.
  • Use the vertex and standard form of a quadratic equation.
  • Evaluate and solve equations.

In this personal finance lesson, students investigate the business cycle by interpreting the business cycle as a piecewise function.

Procedure

Click NEARPOD VERSION: PIECEWISE FUNCTIONS: BUSINESS CYCLE APPLICATION to access an interactive version of the lesson powered by Nearpod: students interact and respond to questions on their device, and teachers will see their responses in real time!