Are you looking for an engaging and diverse lesson that hits multiple intelligences and gives your students an opportunity to investigate the effects of inflation and practice calculating the inflation rate? This is the activity you've been looking for!
This activity includes:
1) This "Inflation" Activity includes 3 parts. It begins with a graphic organizer that asks your students to define inflation, deflation, and hyperinflation, and asks them to describe the effects of inflation on purchasing power. It also requires them to identify the three causes of inflation. Next, students will use their knowledge and a collection of data provided to practice calculating the market basket for several countries in 2 different years, and then must calculate the percentage change in price between those two years. Finally, students will have a chance to put principles into practice by using a list of 10 different economic participants and determining whether they are hurt or helped by excessive inflation. Students must explain their conclusions.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs or this activity can be used as a jigsaw in order to facilitate a class wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Topic 1.5 - Inflation" video lecture, which can be found here:
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