This is a complete lesson plan that explores how physical capital, human capital, and technology contribute to productivity and long run economic growth. It also examines the current world economic growth situation by using real GDP per capita. (This lesson is part of a larger unit on Economic Indicators
THIS DOWNLOAD INCLUDES:
1) Warm Up Activity -- simulation that shows how 3 factors contribute to productivity.
2) PowerPoint Presentation -- contains the lecture and is a guide for all activities.
3) Note Sheet -- students fill out this note sheet during the lecture.
4) Class Activity -- students determine if particular actions will increase productivity.
5) Homework -- additional problems regarding productivity and real GDP per capita.
6) Teacher Materials -- includes a detailed lesson plan, answer keys, and a "Read Me" document explaining how to use the materials included.
TOPICS FOR THE LECTURE:
1) How productivity contributes to long run growth
2) Physical capital and its relationship to productivity
3) The contribution of human capital to productivity
4) The contribution of technology to productivity
5) Other factors that contribute to a country’s productivity
6) Comparing long run growth around the world using real GDP per capita
(If you would like to download one of my PowerPoint slideshows to get a feel for my style, check out my free download here
This lesson is the fifth day of a five-day unit on Economic Indicators
that was designed using national standards from the Council for Economic Education. It should take 80 - 90 minutes, which is perfect for the block schedule, but it can also be easily split in half for classes that run closer to 50 minutes.
Long Run Economic Growth - Lesson Plan and Activities
by Nick Samsal
is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License