Inflation –The Value of Money

Overview:

In this lesson, we will look at the concept of inflation. In particular, the lesson will introduce students to the concept of money supply and the changing value of money over time. Students will look at the causes of inflation and their effect on purchasing power. After reading a short description of the Consumer Price Index (CPI), students will work through problems on purchasing power over time.

NBEA Standard(s):
  • Economics, IV. Markets and Prices

Lesson Plan Details:

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