Introduction to the Subject… · SHS1 Economics

Lesson notes

Learning Objectives

Indicator: 1.1.1.LI.3 - Describe the various tools used in economic analysis.

By the end of the lesson, learners can:

Identify at least four tools used in economic analysis and state what each tool is used for.
Construct a simple table and use it to present given economic data accurately.
Draw a bar chart and a line graph from a given set of data using a graph book and ruler.
Read and interpret information from a pie chart and a pictogram, explaining what the data shows.
Explain why economists combine words, tables, graphs and charts when analysing economic problems.

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Curriculum details

Strand: Consumers' Rational Decision Making (Strand 1)
Sub-strand: Introduction to the Subject Economics (1.1)
Content standard: 1.1.1.CS.1 - Demonstrate knowledge and understanding of fundamental concepts and tools used in Economics. 1.1.1.LO.1 Use relevant information gathered from learners' home, school and community through observation to carefully define economics and stimulate their interest in the subject. 1.1.1.LO.2 Use relevant information from learners' environment to relate fundamental Economics concepts and tools to everyday life.
Indicator: 1.1.1.LI.3 - Describe the various tools used in economic analysis.
Suggested placement: Semester 1, Week 3 (Week 3 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. 25

Exemplars (from the NaCCA curriculum)

Talk for Learning Approaches (TfL): In a collaborative small group, discuss the various tools (words, mathematical models) - Tables; Graphs, and Charts (Bar, Line, and Pie Charts and Pictograms used in solving economic issues by paying attention to different abilities and gender. Be sensitive to the inter-relatedness of the various spheres of life, groups, and individuals. Encourage learners to say "please" and "thank you" to one another during the group work to complete the task.
Assessment (1.1.1.AS.3). The document marks these depth-of-knowledge levels for this indicator: Level 2 Skills of conceptual understanding.
Teaching and Learning Resources:
- Marker
- White board
- Projector
- Computers
- Pen
- Pencil
- Ruler
- Exercise books
- Graph books.
- Any other available resource deemed useful for the effective delivery of the lesson.