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This Inflation Data: Is the Economy Healthy? lesson plan also includes:
- Activity 1: Analyzing CPI Data
- Activity 2: Calculating the CPI Inflation Rate
- Visual 1: Key Facts about CPI
- Inflation Data Dashboard
- EconEdLink Inflation Video and Qui
- Federal Reserve FAQs
- Federal Reserve Bank of Cleveland: PCE and CPI Inflation: What’s the Difference?
- Federal Reserve FAQs: Inflation
- Page One Economics
- Economic Lowdown Inflation Podcast
- Join to access all included materials
What stories do current trends tell about society, fashion, and the future? Scholars investigate the concept of inflation and its impact on the future of the American economy. They compile current economic data to determine the level of consumer spending and the rate of inflation. To finish, they draw conclusions from the data to support either a rise or decline in inflation rates and its overall impact on the purchasing power of consumers.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Have students price gasoline at current pumps around town to compare with other cities in the country in an inflation comparison
- Extend the lesson with Back to the Future concept video on inflation in 1955, 1985, and 2015
Classroom Considerations
- econedlink is an online resource requiring technology if teachers assign it as homework
Pros
- Learners with audio and visual tendencies benefit from short video clip on inflation
- Includes printable resources and assessments for teacher use
Cons
- None