Are you looking for that perfect lesson that engages your students and helps them understand the indices that measure inflation and deflation? Do you want to help your students calculate changes in price level and use that data to determine changes in real and nominal wages and profits? This bundle has EVERYTHING you need!
This "Price Indices: CPI and GDP Deflator" bundle includes:
1) A customizable lecture that you can adjust to meet your needs and the needs of
your students. This bundle includes a version of this lecture in Keynote (Mac),
Powerpoint (PC), and PDF format for users of every operating system.
*****Depending on the version of the presentation software that you use to present in your classroom, fonts and sizes in our lecture presentations may need adjustment. To make it easier for you to create a lecture that engages your students and looks like the PDF file included in this bundle, we offer downloadable font bundles in our store for FREE!
At absolutely no cost to you, you can get your hands on the fonts that we use in our lectures so that you can customize your presentations. Download the Free Font Bundle, install the fonts onto your computer, and customize your lecture in the way that works of you. Adjust sizes, fonts, images, and content to meet your needs and the needs of your students!*******
2) A "Price Indices: CPI and GDP Deflator" Activity. It begins with a an exercise that provides market basket data for several countries and asks students to calculate nominal GDP, inflation rates, and assign Consumer Price Index numbers over several years. Next, students will have a chance to put principles into practice by using GDP data for several nations and calculating nominal GDP, real GDP, the GDP Deflator, and the inflation over several years. Next, students will have an opportunity to prove their comprehension by calculating nominal and real GDP for several countries using the GDP Deflator equation. Finally, students will use their knowledge to analyze data provided and calculate the percentage change in nominal wages and profits and compare those changes to the inflation rate to determine whether real wages and profits increased or decreased.
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.
3) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
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 "Unit 1.6 - Measuring Inflation" video lecture, which can be found here:
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