Inflation

Overview:

In this lesson, students learn about the concept of inflation — its meaning, causes and implications, as well as the strategies for mitigating negative outcomes. Students read the KWHS article “Inflation: What It Is, Where It Comes From and How It Can Bite You” to frame the issue and to get a better sense of how inflation affects youth. In groups, students then complete a series of computation problems as they examine changes in the Consumer Price Index (CPI) over the last five years. Finally, in groups, students take a deeper look at three of the causes of inflation described in the article and prepare mini-presentations to the class, focusing on explanations, examples, effects and responses to these various causes.

NBEA Standard(s):
  • Computation, I. Mathematical Foundations
  • Computation, II. Number Relationships and Operations
  • Computation, V. Statistics and Probability

Lesson Plan Details:

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