Are you looking for an engaging and dynamic lesson that hits multiple intelligences and gives your students an opportunity to evaluate aggregate equilibrium, disequilibrium, and GDP gaps? This is the activity you've been looking for!
This activity includes:
1) This "Aggregate Equilibrium" Activity includes 5 parts. It begins with a graphic organizer that asks your students to define aggregate equilibrium, GDP shortage, and GDP surplus, and explain how disequilibrium are created and how natural market forces return the economy to equilibrium. Next, students will have a chance to put principles into practice by using data and graphs to calculate changes in quantity demanded and supplied when prices change in an aggregate economy. Next, students will have an opportunity to prove their comprehension by analyzing both inflationary and recessionary gaps and their effects on economic conditions. Finally, students will use their knowledge to analyze 8 aggregate economies and changes in aggregate supply and demand that will open GDP gaps. Students will graph the change, list the cause of the change, identify the gap opened, and then investigate how certain economic indicators will be effected.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Unit 2.4 - Aggregate Equilibrium" video lecture, which can be found here:
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