Lesson Plan: Economies around the World Economics

This lesson plan includes the objectives, prerequisites, and exclusions of the lesson teaching students how to identify the current state of African and Egyptian economies compared to those of the rest of the world and strategies for economic development.

Objectives

Students will be able to

  • identify statistics from the 2003 development report by the World Bank,
  • compare the size of a country’s economy to that of another using different measures and know which nations belong to the Group of Seven (G7),
  • understand Egypt’s economic role in Africa in the present and the future,
  • understand that the African continent has the largest natural (land) resources in the world,
  • identify the current state of technological advances in African countries,
  • identify the indicators of the knowledge economy in Africa.

Prerequisites

Students should already be familiar with

  • international economic relations,
  • balance of transfer accounts,
  • globalization,
  • GDP, GNI, and per capita GDP/GNI,
  • economic growth.

Exclusions

Students will not cover

  • economies of nations outside of Africa or the G7.

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