Lesson 18 - Economic Indicators for Informed Citizens
This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate. The students work in small groups to develop an economic forecast, using the three basic economic indicators. They participate in a simulation activity involving a fictional economic forecasting firm. The firm has taken on a client who wishes to start a new business and wants to know whether this is a good idea, given the current economic climate. To advise the client, the students produce a report based on research they conduct about the state of the economy, according to the three economic indicators.
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Glossary of Terms and Concepts
These are some of the important terms you'll cover in this lesson.
Lesson 18 Visuals
Lesson 18 Activities
Standards in Economics