|
WEEK 1 VIRTUAL SCHOOL INFLATION INTRODUCTION:
|
|
HAND OUT REQUIRED FOR NOTE TAKING: WEEK 1 AND 2 OF VIRTUAL ECON CLASS: INFLATION TOPICS
|
| inflation_lessons_1_2_and_3.pdfcover.pdf |
|
|
activity TWO: mEASURING INFLATION |
- Distinguish between inflation, disinflation and deflation.
- Explain how inflation and deflation are typically measured by calculating a consumer price index (CPI).
- Explain how different income earners may experience a different rate of inflation when their pattern of consumption is not accurately reflected by the CPI.
- Explain how inflation figures may not accurately reflect changes in consumption patterns and the quality of the products purchased.
- Explain how economists measure a core/underlying rate of inflation.
- Explain how a producer price index measuring changes in the prices of factors of production may be useful in predicting future inflation.
- HL Only Construct a weighted price index, using a set of data.
- HL Only Calculate the inflation rate from a set of data.
|
|
ACTIVITY THREE: consequences of inflATION |
- Discuss the possible consequences of a high inflation rate.
- Discuss the possible consequences of deflation.
|
|
ACTIVITY : Causes of inflation |
- Explain demand-pull inflation.
- Explain cost-push inflation.
|
|
GOVERNMENT POLICIES TO DEAL WITH INFLATION
|
- Evaluate government policies to deal with the different types of inflation.
| the_inflation_game_-_roles.pptx |