Have you ever gone to the store and noticed the price of an item you always buy has suddenly increased? Scholars investigate the reason prices inflate in the market. An informative lesson looks into the Consumer Price Index to determine if inflation is good or bad for the economy. Individuals listen to a podcast that opens up examples and opinions of inflation and its impact on prices, buying, cost of living, and income.

Concepts

inflation, economics, deflation, consumers

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Additional Tags

social studies

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Instructional Ideas

• Preview the lesson with a reading assignment on the concept of inflation
• Brainstorm with students ideas of what items in the store have risen in price

Classroom Considerations

• Requires an account on Econ Lowdown to access materials 
• Fourth installment of a 21-part Economic Lowdown Podcast Series
  

Pros

• Lesson includes Q & A resources for teachers and students 
• Resource provides a written transcript of the podcast
  

Cons

• None

Common Core

RH.6-8.1 RH.6-8.2 RH.6-8.3 RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.11-12.1 RH.11-12.2 RH.11-12.3