Activate any monetary information community like CNBC as of late and also you’re more likely to hear some dialogue about inflation and issues about recession. Even when your college students aren’t listening to these tales, they is perhaps listening to about them from their dad and mom or maybe in your classroom as a part of a present occasions dialogue. Monetary information was at all times a subject in my classroom once I taught a present occasions course.
If you end up speaking about inflation, recession, and associated matters in your classroom, listed here are some movies that might assist your college students achieve a greater understanding of these matters.
Inflation Defined in One Minute supplies a really fundamental clarification of the idea of inflation. It might be advantageous as a dialog starter or introduction to a lesson. Nonetheless, if seen by itself with out further info it’d give college students the impression that inflation is solely attributable to modifications in cash provide.
How Inflation Works is a superb twelve minute video lesson produced by CNBC Worldwide. The video does a fantastic job of explaining demand-pull inflation and cost-push inflation. Going past the the fundamentals the video additionally supplies a wonderful comparability of the financial theories of Milton and Keynes. College students may also learn the way client value index is calculated and the way it’s indicative of inflation. Lastly, the video concludes with historic examples of inflation world wide and the causes of these hyperinflationary episodes. I ought to notice that the video will lend itself to introducing different ideas to your college students together with the significance of the federal reserve’s rate of interest.
When you or your college students would favor an animated lesson about inflation, The College of Life provides this strong clarification of cost-push and demand-pull inflation.
Associated TED-Ed Classes
TED-Ed has 4 classes that might slot in properly with a bigger dialogue and classes associated to inflation.
Why Cannot Governments Print an Limitless Quantity of Cash? explains the idea of quantitative easing within the context of the final two years.
What Give a Greenback Invoice Its Worth? explains the function of the Federal Reserve in making an attempt to regulate inflation and deflation.
What Causes an Financial Recession? makes use of the context of the Bronze Age to introduce the elements that may result in financial recessions in the present day. These embody inflation, borrowing habits, saving habits, spending habits, and authorities choices.
What Causes Financial Bubbles? makes use of the context of the tulip business of the 1600’s to clarify what causes an financial bubble and what occurs when it bursts.
Inflation calculators are helpful in serving to college students see the results of inflation over time. The U.S. Bureau of Labor Statistics provides a free inflation calculator that permits you to return so far as 1913 to view modifications in costs and shopping for energy over time. It is how I discovered that the primary automotive I ever purchased again within the fall of 1996 for $1500 would value virtually $2700 in the present day (and nonetheless be a hunk of junk).
Lastly, on the subject of cash, subsequent week I am internet hosting a Sensible Ed Tech webinar about tips on how to create and promote your personal digital merchandise. Be a part of me!