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How does understanidng gross domestic product, business cycles and economic growth help consumers and producers to make economic decisions? |
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3. Student Learning Map
- Topic:06 Economic Performances
- Subject(s):
- Days:3
- Grade(s):
Key Learning:
Consumers and producers must measure and predict economic trends and circumstances in order to make effective economic decisions.
Unit Essential Question(s):
Concept: Gross Domestic Product Students will be able to understand how economists calculate gross domestic product and some of the limitations of gross domestic product.
Concept: Business Cycles Students will be able to identify and explain the four phases of the business cycle and what factors influence the business cycle.
Concept: Lesson Essential Question(s):How do economists calculate gross domestic product?
What are some of the limitations of gross domestic product?
(A)Lesson Essential Question(s):Lesson Essential Question(s):Vocabulary:
Additional Information:
Resources:
