Topic: Inflation and deflation Retail / Consumer Price Index ’ppt’ IGCSE Economics. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the end of the lesson, the students should be able to;
Define inflation and deflation. - Measure inflation and deflation using the Retail Prices Index (RPI). Explain - causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side. Consequences of inflation and deflation - for consumers, workers, savers, lenders, firms and the economy as a whole. Range of policies to control inflation and deflation and how effective they might be.
‘Class Activities’ & ‘Multiple Choice Questions’ with Answers.
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