2026 Week 10

"In an on-level high school economics course, both the simple and more complex (or expanded)
circular flow models are typically taught, usually in progression. The curriculum generally starts with
the basic interaction between households and businesses to establish foundational concepts, then
introduces government and financial sectors to provide a more realistic, comprehensive view."
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(Make sure you take the 3 multiple choice questions underneath the video.)

(1:54 minutes)

Video Book -- Chapter 13:

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"Economic growth and real Gross Domestic Product (real GDP) are core components of an on-level
high school economics course. These topics are typically part of a Macroeconomics unit, which
focuses on national-level economic indicators and government policy."
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"The term unemployment is a core component of "on-level" (standard) high school economics
courses. It is typically taught as a primary indicator of macroeconomic health alongside Gross
Domestic Product (GDP) and inflation."
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"Both inflation and stable prices (often taught alongside the concept of price stability) are standard,
core components of an on-level high school economics course. They are generally covered within the
macroeconomics unit, which focuses on national economic indicators and goals."
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(Make sure you take the 3 multiple choice questions underneath the video.)

(3:12 minutes)

(2:46 minutes)

Video Book -- Chapter 15:

NOTE: Reffonomics Baseball can be played inside a classroom or all the questions in
the game can be answered individually as homework.

Real GDP Deflator Formula

(Make sure you take the 3 multiple choice questions underneath the video.)

Reffonomics Baseball: Macroeconomic Concepts and Indicators

(2:56 minutes)

Standard 10: REVIEW -- Macroeconomic Concepts and Economic Indicators

Reffonomics Baseball RULES of the game (inside a classroom or on your own)

Standard 10: Inflation

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Business Cycle Activity

Standard 10: Economic Indicators -- Unemployment

Chapter 13: Business Cycle

Interactive Activities -- Chapter 15:

B usiness Cycle

Reading Assignment -- Chapter 15:

(1:49 minutes)

(Make sure you take the 3 multiple choice questions underneath the video.)

Standard 10: Economic Indicators -- Economic Growth

(2:10 minutes)

B usiness Cycle and Recession

(1:45 minutes)

B usiness Cycle and Production-Possibilities Froniter

1:27 minutes)

(1:27 minutes)

(1:49 minutes)

(Make sure you take the 3 multiple choice questions underneath the video.)

(1:45 minutes)

Interactive Activities -- Chapter 13:

(Make sure you take the 3 multiple choice questions underneath the video.)

"The circular flow model is a standard and foundational term taught in on-level high school
economics courses. It distinguishes between the Product Market (where goods are sold) and the
Factor/Resource Market (where labor and capital are exchanged)."
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Standard 10: Macroeconomic Concept -- Circular Flow

GDP (Real GDP, Nominal GDP, and Real GDP Deflator Definitions and Calculations Activity)

GDP (Real GDP, Nominal GDP, RGDP Deflator (2016 - 2019) Activity

(Make sure you take the 3 multiple choice questions underneath the video.)

Standard 10: Macroeconomic Concept -- Real vs. Nominal

"In an on-level high school economics course, the distinction between real and nominal values is a
foundational concept used to help students understand how inflation can distort economic data."
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Week 10: Macroeconomic Concepts and Economic Indicators

Standard 10: Macroeconomic Concept -- Business Cycle

Estimated Learning Time: 5 to 6 class periods (45 min. each)

"In an on-level high school economics course, the business cycle is covered as the recurring,
irregular, and fluctuating rise and fall of economic activity over time, commonly measured by real
GDP, unemployment, and inflation. Students learn to identify four distinct phases—expansion, peak,
contraction (recession), and trough—using graphs to analyze economic health. "
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