ECONOMICS UNIT PLAN

NAME: Miss Kimerlee Soo Ting

CLASS: Lower Six
DURATION: 60 minute periods
UNIT: National Income Accounting
GOALS: This Unit will help students to:
1. Appreciate the notion of National Income Accounting and the importance these accounts to macroeconomic theory and policy
2. Be able to compare the Economic performance of countries over time
3. Understand the limits of National Income as a measure of well being
RATIONALE: To help students appreciate the Economic performance of various countries and compare them.
DATE/
PERIOD
Lesson 1
20th April,
2016
Period 4

CONTENT
-Circular flow
(simple and
complex )

OBJECTIVES
Students will be able to:
Define Circular Flow of
income
-Identify all components of
a circular flow
-Draw a circular flow for a
simple closed economy
with no govt
-Draw a complex circular
flow with withdrawals and
injections for an open
economy with govt
-Appreciate the circular
flow working in the
economy

RESOURCES
-Video
-Masking Tape
-Bristol Board
-Power point
-Assessment
sheets
-Fake money
-whiteboard
-Markers

TEACHING/LEARNIN
G ACTIVITIES
- Role Play
- Probing
- Group Work
- Reproductions

ASSESSMENT
Structured
questions
Drawing of graphs

DATE/
PERIOD
Lesson 2

DATE/
PERIOD
Lesson 3

DATE/
PERIOD
Lesson 4

CONTENT

OBJECTIVES

-GDP calculation Students will be able to:

using Expenditure - Understand the
Approach
components of GDP using
expenditure:
- Explain Consumption
- Explain Investment
-Explain Govt Spending
-Explain Net exports
-Calculate GDP using the
expenditure approach
CONTENT

OBJECTIVES

-GDP Calculation
using Income
Approach

Students will be able to:

-Understand the
components of GDP under
the income approach
-Explain each factor of
production and its rewards
-Calculate GDP using the
income approach

CONTENT

OBJECTIVES

GDP Calculation
using Output
Approach

Students will be able to:

-Understand how GDP is
calculated using the output

RESOURCES
1.Worksheets
2. Power Point
3. White board
4. Markers
5. Bristol Board
6. Calculator

RESOURCES
1.Worksheets
2. Power Point
3. White board
4. Markers
5. Bristol Board
6. Calculator

RESOURCES
1.Worksheets
2. Power Point
3. White board
2

TEACHING/LEARNIN
G ACTIVITIES
- Problem solving
instruction
- Group work
- Peer teaching

TEACHING/LEARNIN
G ACTIVITIES
- Problem based learning
- Group work
- Jigsaw Concept map

TEACHING/LEARNIN
G ACTIVITIES
- Problem Based learning

ASSESSMENT
Past Paper
questions
Worksheets

ASSESSMENT
Multiple Choice
Worksheets

ASSESSMENT
Cloze Test
Worksheets

approach
-Explain the concept of
double counting
-Understand the 3 sectors
in the Economy:
1. Primary/ Extraction
2. Secondary/
Manufacturing
3. Tertiary/ Services
DATE/
PERIOD
Lesson 5

CONTENT

DATE/
PERIOD
Lesson 6

CONTENT

GNP
NNP
PDI

-Interpret
National Income
Statistics

OBJECTIVES
Students will be able to:
- Define GNP
- Calculate GNP from GDP
- Define NNP
- Calculate NNP from
GDP/GNP
- Define PDI
- Calculate PDI

4. Markers
5. Bristol Board
6. Video
7. Calculator

RESOURCES
1. Worksheets
2. Power Point
3. White board
4. Markers
5. Calculator

OBJECTIVES

RESOURCES

Students will be able to:

Change National Income
Statistics from Market
prices to factor cost
- Compare countries
National Income Statistics
- Compare a countrys
performance over time

-Country
Statistics
-Newsletter
articles from the
Economic Review
- Laptop
-Bristol Board

TEACHING/LEARNIN
G ACTIVITIES
- Game The chase
- Problem Solving

TEACHING/LEARNIN
G ACTIVITIES
-Project based learning
- Group Presentations

ASSESSMENT
-Worksheet
- Past Paper
questions

ASSESSMENT
Project based on a
given country

-Appreciate the usefulness

of GDP statistics
DATE/
PERIOD
Lesson 7

DATE/
PERIOD
Lesson 8

CONTENT

OBJECTIVES

-National Income
and inflation

Students will be able to:

Define Real GDP
-Calculate Real GDP from
nominal GDP
-Define the deflator
-Calculate the deflator
from real and nominal
GDP
-interpret the deflator

CONTENT

OBJECTIVES

RESOURCES
-Country
Statistics
-Worksheet
- Calculator
- Whiteboard
-Markers

RESOURCES

TEACHING/LEARNIN
G ACTIVITIES
- Group work
- Scaffolding
-

TEACHING/LEARNIN
G ACTIVITIES

ASSESSMENT
Worksheet
Past Paper
questions

ASSESSMENT

Students will be able to:

-Limitations of
National Income
statistics

Understand how the

following distort National
Income statistics:
1. informal activities
2. Underground economy
3. Environmental
degradation
4. Externalities
5. Changes in quality of
life.

-Class Notes
-Power Point
-Whiteboard
- Markers

Class Discussion
Country research
Brainstorm in small
groups

Essay
Crossword
puzzle