Lesson Plans

Lesson 4 | Economic Freedom, Inequality, and Poverty

Introduction

In this lesson students review the differences between income inequality and poverty as well as the concept of economic freedom. Students then analyze data on nations related to their levels of economic freedom, inequality and poverty comparing those nations that are most free with those that are least free. Finally, students complete a worksheet related to a data visualization website that allows them to investigate issues of inequality and poverty over time and across countries.

Economic Concepts

• Economic Freedom
• Extreme Poverty
• Gini Coefficient
• Income Inequality

Learning Objectives

• Understand the difference between income inequality and poverty.
• Understand the concept of economic freedom
• Contrast how countries with different levels of economic freedom compare in income inequality and extreme poverty.
• Investigate how nations fare over time in terms of income inequality and poverty.

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