SHS3 Economics · Semester 2 Week 11: Concept of Money, Financial Institutions and Public Finance

Lesson notes

Learning Objectives

Indicator: 3.4.2.LI.2 - Analyse the national debt and make meaning out of it.

By the end of the lesson, learners can:

Define national debt and distinguish between internal debt and external debt with Ghanaian examples.
Extract national debt data from Ghana’s national budget documents or approved sources for a five-year period.
Use Microsoft Excel to create a table and a line graph showing the trend of Ghana’s national debt over five years.
Interpret the trend in Ghana’s national debt, stating whether it is rising, falling, or stable, and suggest at least two factors that may explain the trend.
Assess the implications of a rising national debt on the Ghanaian economy and the ordinary citizen, and propose at least two responsible measures to manage national debt.

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Curriculum details

Strand: Government Economic Policy and Trade (Strand 4)
Sub-strand: Concept of Money, Financial Institutions and Public Finance (4.2)
Content standard: 3.4.2.CS.1 - Analyse national budget and national debt. 3.4.2.LO.1 Employ relevant information in the country to examine the national budget and debt.
Indicator: 3.4.2.LI.2 - Analyse the national debt and make meaning out of it.
Suggested placement: Semester 2, Week 11 (Week 31 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 117

Exemplars (from the NaCCA curriculum)

Collaborative Learning: Work in mixed gender and ability groups to extract data from Ghana's national budget on debt over a five-year period. Present your data in Microsoft Excel and analyse the trend over the five-year period. Through collaboration, learners learn to be gender responsive and have the ability to tackle injustice that leads to national debt.
Assessment (3.4.2.AS.2). The document marks these depth-of-knowledge levels for this indicator: Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Markers
- White board
- Pens
- Exercise books
- Textbooks
- National budget
- Computers
- Projector
- ICT lab