Using market baskets and base years, how do we calculate consumer price index (CPI)? Check out the instruction offered by an engaging and informative economics teacher, who will walk you and your class members step-by-step through the process of measuring how inflation over time affects consumers.

Additional Tags

base year, market basket, social studies

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Instructional Ideas

Use this video as a model for your own instruction, or include it on your website for class members to reference for review.

Classroom Considerations

• This video is hosted on YouTube

Pros

• Clearly illustrates concepts using graph and detailed instruction
• Main content points are included at bottom of screen throughout the video

Cons

• None

Common Core

RH.11-12.2 RH.11-12.4