(This lesson plan does not cover every single video in the resource list, but goes along with the videos for Real and Nominal GDP, mainly focusing on the screencast)

Aaron Dore

Understanding Real and Nominal GDP to measure economic growth

Introduction: In this lesson students will learn how to calculate GDP and the two different

calculations (Real and Nominal). Students will be able to compare the GDP

of various years based on the calculations to determine if a country experienced economic growth.

Content Area and Grade or Age Level of Students: 10th Grade Economics

Objectives: Students will be able to● Explain how GDP is calculated● Explain the difference between nominal and real GDP● Determine whether or not a country experienced economic growth● Explain the reasoning for economic growth or decline

Standards Addressed (Michigan High School Content Expectations):● E2.1.5 - Use GDP data to measure the rate of economic growth in the

United States and identify factors that have contributed to this economic growth.

● E3.1.4 - Using current and historical data on real per capita GDP for the United States and at least three other countries construct a relationship between real GDP and standard of living.

Relative Advantage: There are many advantages to this type of media to help students in

their learning. By using a screencast or an instructional video students will be able to work at their own pace on a topic. Students will also have the opportunity to review information that may have been presented in class. Students will also be able to rewind a video and watch it many times in order to gain a greater understanding of the topic studied.

Timeline: The lesson pertaining to Real and Nominal GDP will be completed in 2 days

Materials:

● Economics Textbook● Computer with Internet access● Headphones for listening at independent stations● YouTube● Calculating Nominal and Real GDP handout (see attachment below

embedded document)

Grouping Strategies: Students will not be grouped for this activity, and access to a computer lab with 30 computers (enough for one for each student) is available. Students also have the option to complete at home.

Learning Activities: Students will view various videos including a screencast created by the

teacher to gain an understanding of Real and Nominal GDP and their differences. Students will then complete a Real and Nominal GDP calculation task for a very simple economy over three years to compare the differences between Real and Nominal GDP and determine if the country experienced economic growth.

Assessment: Because this is one aspect of a greater lesson regarding GDP and Measuring

Economic Performance students will be given a brief 5-10 question quiz to

gauge their understanding of the presented material and to see if further

examples will need to be given.

Adaptations for Learners with Special Needs: Learners will be given extra time for the

assignment, and may utilize a smaller and quieter setting to complete tasks

if needed. Students may also have the the option of completing the written

portion and quiz orally.

References: ● Two videos and screencast located at:

http://doreman.weebly.com/hypermedia-and-video-in-the-economics-classroom.html

● Economics Textbook from Pearson/Prentice Hall: Principles of Economics