Teacher: R Crawford
Lesson: APE 8.5
Textbook: pp. 271-275
Material: 8.5 Lecture Notes
Chapter 12 Powerpoint
Is This Counted? Exercise
Objectives: Introduce students to basic macroeconomics and National Income Accounting
Concepts: macroeconomics
economic goals
economic growth
business cycles
recession
expansion
national income accounting
expenditures method
income method
consumption expenditures
business investment
government expenditures
net exports
gross national product
gross domestic product
Activities:
  1. Return Practice Essay
  2. Challenge students to show Economic Growth using PPF curve
  3. Lecture
    1. Use PPT visual (if possible) to introduce business cycles
    2. briefly mention key economic indicators as shown on charts
Assessment Activity: Is This Counted? Exercise