Our standard of living depends on the pace of economic growth. That pace can be enhanced through increased productivity brought about by investment in physical and human capital and advances in technology. In this module, students will learn about these tools to increase productivity and advance our standard of living. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

This page from the Federal Reserve Bank of Dallas provides information in the following categories: Federal Reserve Bank of Dallas, What's Inside, The Federal Reserve, The Dallas Fed, Economic Research, Economic & Financial Data, Banking Supervision, Financial Services, Publications, Center for Latin American Economics, Community Affairs, and Economic Education.

The Minneapolis branch of the Federal Reserve Bank system. It has a wealth of financial information and data, information about the banking system and the state of the economy, and financial education resources.

This page from the Federal Reserve Bank of New York provides information in the following areas: About Us, Banking Information, Economic Education, Job opportunities, News Items, Publications, Economic Research, Savings Bonds, Statistics, What's New, and Search.

This page from the Federal Reserve Bank of Philadelphia provides information in the following areas: General Information, What's New, Community Affairs, Supervision, Regulation & Credit, Publications, Employment Opportunities, Economy, and Site Map.

This page from the Federal Reserve Bank of Richmond provides access to information in the following categories: General Information, Monetary Policy & Business Conditions, Financial Services, Banking, Community Affairs, Consumer Information, Economic Research, and President's Speeches about the Federal Reserve Bank of Richmond.

This page from the Federal Reserve Bank of San Francisco provides information in the following categories: Inside the FRBSF, Economic Research, Financial Services, Economics Education, Community Affairs, Banking and Finance in the West, Treasury Securities or Savings Bonds, and Central Banking.

GDP and Pizza: Economics for Life is designed to help students in civics, economics and other social studies classes grasp challenging economic content - and to explain why these topics are important for citizens to understand.

Section One covers:

the definition Gross Domestic Product (GDP)
the components of GDP
per capita GDP

Section Two covers:

real vs. nominal GDP
levels vs. percentage change
importance of a growing economy
trend growth rate
uses for GDP data
automatic stabilizers

The module includes numerous interactive checks for understanding, video clips of a Fed economist explaining concepts and everyday examples that will make sense to students. In addition, students complete a pre- and post-test to assess learning. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

GDP: Measurement and Growth is the second short module in the GDP and Pizza: Economics for Life series. This series is designed to help students in civics, economics and other social studies classes grasp challenging economic content - and to explain why these topics are important for citizens to understand.

GDP: Measurement and Growth assumes students already understand the basics of GDP as well as GDP per capita and standard of living. It covers:

real vs. nominal GDP
levels vs. percentage change
importance of a growing economy
trend growth rate

The module includes numerous interactive checks for understanding, video clips of a Fed economist explaining concepts and everyday examples that will make sense to students. In addition, students complete a pre- and post-test to assess learning. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

GDP: Policy is the third short module in the GDP and Pizza: Economics for Life series. This series is designed to help students in civics, economics and other social studies classes grasp challenging economic content - and to explain why these topics are important for citizens to understand.

GDP: Policy assumes students already understand the basics of GDP as well as GDP growth and measurement. It covers:

uses for GDP data
automatic stabilizers

The module includes numerous interactive checks for understanding, video clips of a Fed economist explaining concepts and everyday examples that will make sense to students. In addition, students complete a pre- and post-test to assess learning. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

GDP: What Is It? Is one of three short modules that are part of a series GDP and Pizza: Economics for Life. The series is designed to help students in civics, economics and other social studies classes grasp challenging economic content - and to explain why these topics are important for citizens to understand.

This first short module, GDP: What Is It? covers:

the definition Gross Domestic Product (GDP)
the components of GDP
per capita GDP

The module includes interactive checks for understanding, video clips of a Fed economist explaining concepts and everyday examples that will make sense to students. In addition, students complete a pre- and post-test to assess learning. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

History holds many economic lessons. The Great Depression, in particular, is an event that provides the opportunity to teach and learn a great deal about economics-whether you're studying the economic reasons that the Depression took place, the factors that helped it come to an end or the impact on Americans who lived through it. This curriculum is designed to provide teachers with economic lessons that they can share with their students to help them understand this significant experience in U.S. history.

Provides a very thorough explanation of gross domestic product including charts and the calculation process.

Great interactive online trivia quiz that lets you test your knowledge of macroeconomics against two other fictional players. Pick your player and go!

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Contrast traditional economies, command economies, and market economies
Explain gross domestic product (GDP)
Assess the importance and effects of globalization