ALEX Classroom Resource

  

Productivity and Growth: Crash Course Economics #6

  Classroom Resource Information  

Title:

Productivity and Growth: Crash Course Economics #6

URL:

https://www.youtube.com/watch?v=UHiUYj5EA0w&list=PL8dPuuaLjXtPNZwz5_o_5uirJ8gQXnhEO&index=7

Content Source:

Other
YouTube
Type: Audio/Video

Overview:

Why are some countries rich? Why are some countries poor? In the end, it comes down to productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is more productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people.

Content Standard(s):
Social Studies
SS2010 (2010)
Grade: 12
Economics
9 ) Describe methods used to measure overall economic activity, including the Gross Domestic Product (GDP), the Consumer Price Index (CPI), inflation, and unemployment.

•  Explaining how overall levels of income, employment, and prices are determined by spending decisions of households, businesses, and government; net exports in the short run; and production decisions of firms and technology in the long run
•  Identifying structural, cyclical, and frictional unemployment
•  Describing stages of the business cycle and how employment and inflation change during those stages
Unpacked Content
Strand: Economics, Civics and Government
Course Title: Economics
Evidence Of Student Attainment:
Students:
  • Determine the portion of the business cycle represented by certain economic indicators.
  • Identify examples of each type of unemployment.
  • Calculate the unemployment rate.
  • Calculate inflation using the CPI.
Teacher Vocabulary:
  • GDP
  • CPI
  • cost-push inflation
  • demand-pull inflation
  • hyperinflation
  • unemployment rate
  • Bureau of Labor Statistics
  • cyclical unemployment
  • frictional unemployment
  • structural unemployment
  • full employment
  • recession
  • expansion
  • peak
  • trough
Knowledge:
Students know:
  • The basic economic indicators: GDP, CPI and unemployment.
  • The parts of the business cycle.
  • The characteristics of each part of the business cycle.
  • The different types of inflation.
  • The different types of unemployment.
  • The types of unemployment included in full employment.
Skills:
Students are able to:
  • Determine the portion of the business cycle represented by certain economic indicators.
  • Identify examples of each type of unemployment.
  • Calculate the unemployment rate.
  • Calculate the inflation rate using the CPI.
Understanding:
Students understand that:
  • Each of the basic economic indicators change for specific reasons.
  • There are specific causes of the different types of inflation.
  • There are causes of each type of unemployment.
  • There are specific reasons that economic activity changes over time.

Alabama Alternate Achievement Standards
AAS Standard:
SS.E.AAS.12.9- Identify ways the economy is measured and activities associated with a strong economy.
SS.E.AAS.12.9a - Calculate the unemployment rate.


Tags: GDP, Gross Domestic Product, per capita, productivity
License Type: Custom Permission Type
See Terms: https://www.youtube.com/static?template=terms
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AccessibilityVideo resources: includes closed captioning or subtitles
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  This resource provided by:  
Author: Ginger Boyd