This FREE economics lesson plan introduces Inflation through videos, interactive exercises, and classroom activities.

This step-by-step 45-minute lesson has everything you need to use it immediately, including activity sheets, Google slides, and answer key. We also include ways for you to tailor the lesson to your class by providing additional resources like assessment questions, teacher tips, and engaging extension activities. 

Learning Objectives

Students will be able to:

• Define Inflation and Deflation.
• Identify the relationship between the value of money and prices.
• Evaluate the relationship between the money supply and inflation.
• Explain the harm of hyperinflation.

Economic Concepts Introduced

• Inflation is an increase in the overall price level.
• Deflation is a decrease in the overall price level.
• The Value of Money is its purchasing power, i.e. the amount of goods and services it can buy.
• The Money Supply, broadly defined, is the total amount of money in an economy.