BBB4M – Unit 3 – Lesson 8: Inflation

Overview

Duration

100 minutes

Lesson Objective

• To learn about inflation.

Lesson Outcomes

• Define inflation, deflation and hyper inflation.
• Demonstrate how to use the CPI to calculate inflation.
• Define anticipated versus unanticipated inflation.
• Explain the impact of unanticipated inflation.

The Lesson

Sequence

1. Riddle me this…
2. Starter: Where is this scene? Photograph Analysis
3. What is inflation and how is it measured? [teacher led instruction and note taking].
4. How does inflation impact economic agents? [teacher led instruction and note taking].
5. Experiential Learning | Inflation Simulation | Royalty for the Day [class task].
6. Royalty for the Day | Reflection Activity [individual task].
7. Review: How does inflation impact economic agents? [class discussion].

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