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Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment
Objective
Teachers will be able to:
- Explain methods of measurement for production, employment and inflation as related to the national economy.
- Learn about incorporating these concepts into preparation for the Council’s annual National Economics Challenge.
Standards
In this economics webinar, review the different ways to understand workforce participation, Gross Domestic Product and inflation.
Description
Focus on materials based on Unit 2 Macroeconomics in the Curriculum Guide from the College Board.
Help students understand how to calculate GDP, NGDP and RGDP. We will address measuring the types of unemployment and participation, and answer questions like Why do some people benefit from inflation but others do not?
As we delve through these topics, see how you can also prepare students for CEE’s exciting annual competition, the National Economics Challenge.
Resources
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