Lesson Plan

• Describe the three macroeconomic objectives (low unemployment, low inflation, economic growth) and their significance.
• Explain how fiscal, monetary and supply‑side policies are used to achieve each objective.
• Calculate unemployment, inflation and real GDP growth rates using the provided formulas.
• Analyse trade‑offs between the objectives using comparative data and the Phillips‑curve concept.

• Projector and slide deck
• Worksheets with rate‑calculation exercises
• Calculators
• Whiteboard and markers
• Printed handout of the comparative table
• Phillips‑curve diagram

Start with a quick poll asking students what a “stable economy” looks like. Connect their ideas to the three macroeconomic objectives and explain that today they will explore why governments target low unemployment, low inflation and growth, and how policy tools are used. Success will be demonstrated by correctly applying rate formulas and evaluating policy impacts.

1. Do‑now (5'): Students write brief definitions of the three objectives on sticky notes; teacher collects for a quick check.
2. Mini‑lecture (10'): Present definitions, formulas, and why each objective matters using slides.
3. Policy‑tool activity (15'): In groups, match fiscal, monetary and supply‑side measures to each objective based on case scenarios.
4. Calculation practice (10'): Complete worksheet problems calculating unemployment, inflation and GDP growth rates.
5. Comparative table analysis (10'): Examine the provided table, discuss trade‑offs, and introduce the Phillips‑curve diagram.
6. Formative check (5'): Exit ticket – one sentence describing a potential conflict between two objectives.

Recap the three objectives, the key policy tools, and the inherent trade‑offs highlighted by the Phillips curve. Collect exit tickets to gauge understanding, and assign a homework task: research a recent government policy aimed at one objective and write a short analysis of its likely effectiveness.