Macroeconomic Variables (GDP… · SHS1 Economics

Lesson notes

Learning Objectives

Indicator: 1.4.1.LI.1 - Determine the types of ownership and control of resources in the local and global economy.

By the end of the lesson, learners can:

Define the three types of ownership and control of resources: private, public, and mixed ownership.
Classify real-world examples of resource ownership from Ghana and other countries into the correct type.
Compare and contrast the advantages and disadvantages of each type of ownership and control of resources.
Use internet resources to identify at least three countries that practice each type of ownership and control.
Evaluate how a country’s choice of resource ownership affects its economic performance, using evidence from at least two countries.

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Curriculum details

Strand: Government Economic Policy and Trade (Strand 4)
Sub-strand: Macroeconomic Variables (GDP, Inflation, Unemployment, Exchange Rate) (4.1)
Content standard: 1.4.1.CS.1 - Demonstrate knowledge and understanding of ownership and control of resources and fundamental macroeconomic variables. 1.4.1.LO.1 Examine the meaning and the type of ownership and control of resources and fundamental macroeconomic variables in the local and global economy.
Indicator: 1.4.1.LI.1 - Determine the types of ownership and control of resources in the local and global economy.
Suggested placement: Semester 2, Week 9 (Week 29 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. 48

Exemplars (from the NaCCA curriculum)

Initiating Talk for Learning: Introduce the three types of ownership and control of resources. Divide students into three main groups and allow them to debate which one is better. Use Google or any search engine to identify countries that practice the types of ownership and control of resources. Brainstorm how the choice of type of ownership or control of resources affects the economy situation of the countries identified. Learners embrace diversity and practice inclusion during and after the brainstorming session. Encourage learners to respect one another's views.
Assessment (1.4.1.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 3 Strategic reasoning; Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Markers
- White board
- Computers
- Internet
- Projector
- Paper
- Printer
- ICT lab