Tuesday, April 5, 2011

Inflation Lesson Plan

The Atlanta Fed has an excellent lesson plan here.

The plan uses an auction and a fixed market basket of goods.  Students are given play money to buy the goods.  Then the money supply is increased.  The teacher calculates the inflation rate using a price index.  On this site, you will also find an outstanding lesson "Benjamin Franklin and the Birth of a Paper Money Economy."

If you are looking for resources that will help you teach macroeconomics, this site will help you prepare our students for the future.

About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.

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