National Income, Economic Growth & Living Standards

Students will understand the key economic theory of national income and economic growth. Students will learn about what national income is, how it measured, and how it links into GDP, GNP and GNI. Students will also reflect on how national income is measured and the limitations it can bring to an economy. The lesson reflects on how this data can be used to compare living standards and its limitations. The lesson includes deep theory, many tasks, examples and videos. This lesson is aimed at higher level Macroeconomic teaching and includes high mark essay style questions.