Lesson Plan

Resources → Subject Notes → Economics → Notes
Lesson Plan
Grade: Date: 04/03/2026
Subject: Economics
Lesson Topic: relationship between growth and inflation
Learning Objective/s:
  • Describe the short‑run relationship between economic growth and inflation using the AD‑AS framework.
  • Explain why the long‑run relationship shows no trade‑off between growth and inflation.
  • Analyse how demand‑pull, cost‑push and stagflation affect both growth and inflation.
  • Evaluate the impact of monetary, fiscal, supply‑side and exchange‑rate policies on the growth‑inflation nexus.
  • Apply Phillips‑curve concepts to interpret changes in unemployment, output and price level.
Materials Needed:
  • Projector and laptop for presentation
  • Whiteboard and markers
  • Printed handouts of AD‑AS and Phillips‑curve diagrams
  • Worksheets with macro‑problem tables
  • Calculators
  • Sticky notes for exit tickets
 Introduction:
Begin with a quick poll asking students which macro‑economic problem they think is most pressing today. Link their responses to prior knowledge of growth and inflation, then outline the success criteria: students will be able to explain short‑run and long‑run links and evaluate policy options.
Lesson Structure:
  1. Do‑now (5’) – Short quiz on definitions of growth, inflation, unemployment; teacher checks answers.
  2. Mini‑lecture (10’) – Present the short‑run AD‑AS diagram and Phillips curve, illustrate with demand‑pull and cost‑push examples.
  3. Group activity (15’) – In teams, analyse the provided macro‑problem table, complete a worksheet identifying impacts on growth and inflation.
  4. Policy debate (10’) – Teams argue for either monetary or supply‑side policies to manage the growth‑inflation trade‑off; teacher moderates.
  5. Summary & check (5’) – Whole‑class recap; exit ticket on sticky notes: one policy recommendation and its expected effect on growth and inflation.
Conclusion:
Recap the key points: short‑run trade‑offs, long‑run independence, and the role of policy. Collect exit tickets to gauge understanding, then assign homework to research a recent country case where policymakers tackled the growth‑inflation dilemma and prepare a brief written summary.