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Grade 12, Economics Std 7.1: Identifying the contribution of final goods and services to the computation of GDP 7.2: Compares data from various regions of the United States and other national economies 7.3: Describe the function of the CPI

Lesson Plans: How Much Do We Consume? Students will focus on what the nation consumes and how that is measured by Gross Domestic Product (GDP) Places and Production. Students calculate United States GDP and GDP per capita, use a choropleth map to acquire information, and create choropleth maps of GDP per capita in South America. They identify regions with high and low GDP per capita and suggest reasons why the well-being of people may be overestimated in countries with high GDP per capita and underestimated in countries with low GDP per capita. Scavenger Hunt. Students use the Internet to enhance their understanding of economics as they search for current economic indicators Economic Indicators Students will identify economic indicators that help forecast economic activity and business cycles. Students will be able to retrieve up-to-date, key economic statistics which will provide valuable hints about the state of the future economy. Creating a Student price Index. The purpose of this activity is to give students a hands-on understanding of a price index, how it is composed, what it is used for and some of its limitations. They can then make the connection to some of the popular price indices such as the Consumer Price Index and the Producer Price Index.

Resources: Economic Statistics Briefing Room The purpose of this service is to provide easy access to current Federal economic indicators. It provides links to information produced by a number of Federal agencies. Browse the 1998-2002 Economic Indicators Enterprise Data Access. Query driven data on economic statistics The Regulation Home Page: a comprehensive source of regulatory studies, statistics, & information Alabama Virtual Library EcEdweb. The mission of EcEdWeb, the Economic Education Website, is to provide support for economic education in all forms and at all levels. AmosWEB. Outstanding online economics resource. All resources ,except the E-tutor, are available free of charge. ECONlinks Site developed to provide easy access to basic economic and financial information for students in economics and business courses. The list of links is purposely not encyclopedic, but contains a variety of resources that you will find useful in your courses
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