Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Economics
Lesson Topic: non-monetary indicators
Learning Objective/s:
  • Describe the purpose and advantages of non‑monetary indicators over GDP.
  • Identify and explain at least five key non‑monetary indicators used in development analysis.
  • Calculate the HDI components using the provided formulas.
  • Analyse how selected indicators can inform policy decisions.
  • Evaluate the main limitations of non‑monetary indicators.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Handout with indicator table and HDI formula
  • Calculator or spreadsheet software
  • Data extracts from UNDP/World Bank
  • Sticky notes for group activity
 Introduction:
Imagine a country with a high GDP but poor health and education outcomes. You already know how GDP measures economic activity, but today we will explore what it leaves out. By the end of the lesson you will be able to list key non‑monetary indicators, calculate the HDI, and explain how these measures guide policy decisions.
Lesson Structure:
  1. Do‑now (5'): Think‑pair‑share on what GDP captures and what it misses.
  2. Mini‑lecture (10'): Introduce non‑monetary indicators and their relevance.
  3. Interactive exploration (15'): Examine the handout table, discuss each indicator’s components, data sources, and limitations.
  4. HDI calculation activity (15'): In small groups compute the HDI for a given country using the formula.
  5. Policy analysis simulation (10'): Groups select an indicator, propose a policy, and predict its impact.
  6. Whole‑class debrief (5'): Share findings, clarify misconceptions, and check understanding.
Conclusion:
We recap the range of non‑monetary indicators and how they complement GDP in assessing development. For the exit ticket, write one indicator you think is most critical for your community and why. Homework: research the latest HDI value for a country of your choice and prepare a brief commentary on its strengths and weaknesses.