2.1.2 Inflation - Theme 2 Edexcel A Level Economics
This set of resources includes 2x PPT, 2x word files and can be delivered over 2-3 lessons. Learners are introduced to the concept of inflation. We start by talking about how prices have changed hugely compared to the 1960s and 70s to stimulate students on the topic. We look at what inflation is, how it is measured, changes to the basket in 2021, cost push and demand pull causes, effects of inflation on consumers, firms, workers and the government - all with relevant examples, exam questions with model answers are provided too.
In the second lesson, we build on this by looking at index numbers and their uses, particularly when looking at inflation. Finally, we look at the limitations of the CPI index and finish off with a kahoot.
Colourful, concise and engaging slides!