Topic 3: Economic Issues Affect Cooperation               between Germany, the European               Union, and Other Nations

Strategy: Think/Pair/Share

Activities

Ask students to suggest definitions for standard of living. Write responses on the board or overhead.

Ask students What economic indicators might reveal standard of living in a nation? Responses might include exchange rates, GDP, wages, how many people work.

Give each student a copy of Handout #21: Topic 3, Lesson 3 (Comparing Standards of Living in a Global Economy).

Have students conduct a Think/Pair Share strategy to first respond to the two questions below on their own, then with a partner to discuss and revise, then for the partners to share their responses with the class.

Compare and contrast these three terms: standard of living quality of life cost of living

Why would purchasing power parity more accurately reflect a nation’s standard of living than exchange rates?