This bundle of three planet money podcasts includes great episodes about inflation that will deepen your students' knowledge and provoke insightful class discussions about the issue.
These free podcasts are easy to find, either google the title or the podcast number and stream them from the web, or download them using the podcast app on any smart phone.
These are great to use as homework, extra-credit or as emergency substitute plans.
#216: "How Four Drinking Buddies Saved Brazil"
An amazing report of how 50 years of hyper-inflation destroyed Brazil's economy and how they fixed it with macro-economics. This is a must-hear for any economics class. It features real-life stories of how dangerous inflation can be and what can be done to solve it.
#222: "The Price of Lettuce in Brooklyn"
This episode dives deep into how the CPI (Consumer Price Index) is calculated and brings stories of exactly how the indicator is used. My students found it fascinating to see how much work goes into calculating the CPI and it made an abstract economic concept come to life for them.
#664 "The Great Inflation"
This episode delves deep into the oil crisis of the 1970's and expertly explains the concept of Stagflation. It chronicles Fed Chair Paul Volcker's unique dilemma of raising prices and raising unemployment and what he did to solve the problem. As a teacher I appreciate having such a great resource to teach this complicated economic phenomena.
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