Activity 01
Data Analysis: Growth Factor Graphs
Provide datasets on UK GDP, investment rates, and education spending from 2000-2023. Students in pairs plot trends, identify correlations, and hypothesize causal links. Conclude with a class share-out of findings and predictions for future growth.
Analyze the key determinants of short-run and long-run economic growth.
Facilitation TipFor Growth Factor Graphs, provide a blank template for students to sketch their own PPF shifts before analyzing provided examples, forcing them to actively interpret the data.
What to look forPresent students with a short news article about a recent economic trend, for example, a rise in UK productivity or a new government investment scheme. Ask them to identify: 1. Whether the article primarily discusses short-run or long-run growth factors. 2. Which specific factor (e.g., investment, technology, human capital) is highlighted as a driver of growth.