Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Economics
Lesson Topic: Impact on GDP, employment, inflation and foreign exchange rate
Learning Objective/s:
  • Describe how the current account links to GDP through net exports.
  • Explain the effects of current‑account surpluses and deficits on employment patterns.
  • Analyse the influence of current‑account movements on inflation and exchange‑rate dynamics.
  • Evaluate policy tools that can adjust the current‑account balance.
Materials Needed:
  • Projector or interactive whiteboard
  • Slide deck summarising current‑account components
  • Handout with the summary table of effects
  • Calculator or spreadsheet for simple balance‑of‑payments calculations
  • Whiteboard markers and chart paper for group diagram
 Introduction:
Begin with a quick poll: “When you buy an imported phone, whose economy benefits?”
Connect this to prior learning on GDP components.
Outline today’s success criteria: trace how current‑account changes affect GDP, employment, inflation and the exchange rate.
Lesson Structure:
  1. Do‑now (5'): Students answer the poll question on sticky notes; teacher collects responses.
  2. Mini‑lecture (10'): Explain the current‑account definition and its four components using slides.
  3. Guided analysis (12'): Work through the GDP equation and link net exports to current‑account surplus/deficit.
  4. Group activity (15'): Teams complete the summary table, discussing impacts on employment, inflation and exchange rates.
  5. Check for understanding (8'): Whole‑class Kahoot quiz and brief discussion of policy implications.
Conclusion:
Recap the chain from current‑account balance to macro‑economic outcomes, highlighting key cause‑effect links.
Students complete an exit ticket stating one real‑world example of a current‑account shift and its likely impact.
For homework, assign a short research task on a recent country’s current‑account surplus or deficit and its policy response.