ECONOMICS
LEARNING OBJECTIVES
 KNOWLEDGE & UNDERSTANDING :
 Show knowledge and understanding of inflation and
deflation definitions.
 ANALYSIS :
 Measure inflation and deflation using the Consumer Price
Index (CPI) , analyse and explain global inflation and
deflation crises.
 EVALUATION :
 Discuss the causes, consequences and policies to control
inflation and deflation using real life case studies.
Audio-Visual Aid
20 minutes
&
Distribution of Worksheets
LEARNING ACTIVITY RUBRICS
O Spending a few moment watching and thinking about
the video individually and attending to the worksheets
O Pairing (grouping) Learners. By trying to identify the
answers they think is the best, the most convincing or
the most unique.
O Pairs (groups) to share their thinking via presentation or
sending one group member to a new group to discuss ,
compare and refine ideas.
GUIDELINES
O Meaning and measurement of inflation and
deflation using the Consumer Prices Index (CPI).
O Causes of inflation:
Demand-pull inflation
Cost-push inflation.
O Causes of deflation:
Demand-side policy and
Supply-side policy
GUIDELINES
O The consequences of inflation and deflation for
Consumers,
Workers, Savers, Lenders, Firms and
The economy as a whole.
O The range of policies available to control
inflation and deflation and how effective they
might be.
GROUP WORK
GROUP PRESENTATION
ASSIGNMENT