Lesson Plan

• Describe the strengths and limitations of monetary indicators for comparing economic development.
• Explain how to adjust nominal GDP to real GDP, per‑capita values, and PPP.
• Apply a critical‑evaluation checklist to assess data quality and relevance.
• Interpret comparative tables of GDP, GNI, PPP and HDI across different countries.

• Projector and screen
• Printed handout with comparison table and checklist
• Calculators
• Worksheets for calculations
• Laptop with spreadsheet software
• Whiteboard and markers

Begin with a headline about “GDP growth” that sparked debate, asking students why such figures can be misleading. Quickly revisit prior knowledge of nominal vs. real GDP. State that by the end of the lesson they will be able to evaluate monetary indicators and adjust them for meaningful cross‑country comparison.

1. Do‑now (5'): short quiz on nominal vs. real GDP and per‑capita concepts.
2. Mini‑lecture (10'): introduce key monetary indicators and the need for adjustments (inflation, PPP, population).
3. Guided practice (15'): calculate real GDP and PPP using the sample data provided in the handout.
4. Group activity (15'): analyse the comparison table, complete the critical‑evaluation checklist, and discuss findings.
5. Whole‑class debrief (10'): share group insights, highlight common pitfalls, and answer questions.

Summarise how monetary indicators must be adjusted and contextualised before drawing conclusions about development. For the exit ticket, ask each student to write one key limitation of using monetary indicators alone. Homework: locate the latest GDP data for a country of choice, convert it to real GDP per capita and PPP, and note any data‑quality concerns.