Lesson 4: Inflation & Price Indices
Duration of Days: 4
Lesson Objective
Students will explain how inflation is measured and analyze the economic costs of inflation.
How is inflation measured?
Who is hurt or helped by inflation?
C3: D2.Eco.12.9-12
CCSS: WHST.11-12.2 (Write explanatory texts)
DOK 4 – Extended Thinking
Students examine CPI and GDP deflator calculations and analyze how inflation affects consumers, savers, borrowers, and lenders.
Case studies with different inflation rates
Structured writing frames
Extension: hyperinflation scenarios
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Written explanation of inflation’s costs