Inflation - Cost Push & Demand Pull Inflation & Problems of Inflation - Housing Market - Economics

This lesson on inflation helps students fully understand what inflation is and how it can effect the economy. I have included enough theory that this attached lesson could easily stretch across 2-3 lessons. The lesson looks at what inflation is, how it is measured, a brief history of UK inflation, the problems of inflation and the causes of inflation. The lesson sets out to answer the following learning objectives:

• All Students will know how inflation levels are measured
• Most Students will know the different problems caused by inflation
• Some Students will know the difference between cost push and demand pull inflation

The lesson helps students fully understand the key concepts of inflation and covers the following topics in good detail:

• Inflation
• Retail Price Index (RPI)
• Cost push inflation
• Demand pull inflation
• Price stability

The 2nd lesson then goes on to link key theory to the housing market (a typical exam topic) and how inflation can impact that industry. The lesson looks to cover the following learning objectives:

• All Students will know what deflation is
• Most Students will know the different ways of solving inflation
• Some Students will know how inflation can effect the UK housing market

The lesson concludes with various questions based on the theory covered. This lesson is perfect for GCSE Economics and could be sued for A-Level Economics.