Wealth

1
Wealth

• GDP Analysis World Geographic Economic
  Differences

2
Keith WhitePeoria Unified School District 11

• American Economics
• AZ/US Government
• Sociology
• Social Studies Dept. Chair/Instructional Leader
• Raymond S. Kellis High School
• Teacher Consultant (TC) Arizona Geographic
  Alliance

3
GDP Connection to Social Studies

• Economics (Indicators)
• Geography (Relationship Location)
• Sociology (Culture Social Problems)
• AZ/US History (Trends in growth)
• AZ/US Government (Public Policy)

4
Grade Level

• 9-12 (High School)
• Basic GDP can also be applied in lower elementary
  levels, ELL, and Special Education

5
Time Frame

• Designed for 90-minutes on block schedule
• Homework research assessment
• Extensive opportunities to apply extensions based
  on subject and grade level
• Modifications for 30-minutes to 120-minutes and
  Honors or AP classes

6
National Geography Standards

• Element Four Human Systems
• 11-The Patterns and Networks of Economic
  Interdependence on Earth's Surface

7
AZ State Geography Standards

• PROFICIENCY
• 3SS-p2 Analyze natural and human characteristics
  of places in the world studied to define regions,
  their relationships, and their pattern of change,
  with emphasis on
• PO1-the interrelationships among natural and
  human processes that shape the geographic
  characteristics of regions, including connections
  among economic development, urbanization,
  population growth, and environmental change.
• PO4-how the character and meaning of a place is
  related to its economic, social, and cultural
  characteristics and why different groups in
  society view places and region differently.

8
AZ Economic Standards

• Concept 2 Microeconomics PO1 Interdependence of
  households
• Concept 3 Macroeconomics PO1 Gross Domestic
  Product

9
Other Standards

• Math (Calculations and comparisons)
• Language Arts (Research and writing)

10
Overview of GDP

• Continues Macroeconomics Unit (Concept 3)
• Continue Economic Indicators Chapter (PO1)
• Uses comparative analysis and location
• Provides brief understanding of GDP
• Student connection and importance as consumers
  and citizens

11
Materials

• World Atlas (each student or pairs)
• Simple calculator (each student or pairs)
• GDP power point
• GDP tables
• Blank World map (each student)
• Internet (optional)

12
Objectives

• The student will be able to describe economic
  indicators and why they are used and then
  describe GDP, its calculation and how population
  is used to determine per capita GDP.
• Next, complete a comparative analysis
  categorizing high and low per capita GDP and
  identifying and labeling on a world map.
• Finally, make a written recommendation on a poor
  GDP county that has been researched by the
  student for geographic and additional economic
  data.
• Extensions (optional) The student will identify
  key economics resources in Arizona that would
  contribute to the US GDP totals and add to the
  Arizona Standard of Living.

13
Procedures

• Follow power point or copy for overhead
  transparencies overview of GDP
• Calculate per capital GDP
• Draw comparisons in relation to poverty, standard
  of living, and trade
• World Map location
• Research Assessment (Homework)
• Extensions

14
Key Economic Terms

• Economic Indicators
• GDP
• GNP
• Nominal
• Real
• CPI
• Inflation
• Per Capita
• Goods/Services
• Import/Export
• Trade Surplus/Trade Deficit (net)
• World Bank
• Relative Poverty
• Factors of Production

15
Guided Practice

• Use World GDP Tables
• Calculate per capita (nominal GDP / population)
• Locate, identify, label and shade on world map
  top 10 per capita GDP countries
• Locate, identify, label and shade on world map
  bottom 10 per capita GDP countries
• Locate, identify, label and shade on world map 5
  additional per capital GDP countries that the
  student selects. (Native country or countries of
  interest.)

16
Who Cares About GDP?

• Comparative understanding of resources, trade,
  and standard of living.
• Poverty and its relativity.
• Life affected by conveniences, comforts, good
  food, nice things!
• Geographic awareness of other countries in
  comparison to the USA.
• Connections from economics to geography.
• What does Arizona do to contribute to the GDP?
  (Optional extension)

17
Assessment

• Student Selects developing country to research
• Determines population, GDP, and calculates per
  capita.
• Compares with US data
• Brief analysis of available resources, labor and
  trade opportunities
• Summarized in a 1-page letter to the World Bank
  asking for a 10-billion dollar loan and why the
  loan would be necessary to improve the per capita
  GDP, improve standard of living, and reduce
  poverty, suffering, and misery.

18
Extensions

• Arizona GDP contribution
• Poverty relativity
• Politics and Comparative Economic Systems
  (Socialism and Capitalism)
• Trade, comparative advantage, and deficits
• Factors of Production
• Scarcity of resources
• Labor force education, health care

19
Sources

• Middle School World Geography Focus on
  Economics NCEE (Lesson 5)
• World Geography Today HOLT (Chapter 6 - Human
  Systems)
• Economics Principles and Practices GLENCOE
  (Chapter 14)
• Arizona Geographic Alliance (Map)
• An Empire of Wealth (John Steele Gordon) The Epic
  History of American Economic Power PERENNIAL
  PRESS
• www.imf.org (International Monetary Fund)
• www.cia.gov (Central Intelligence Agency Fact
  Book)