A couple of days ago I published a short video that I made to explain stock options. In planning to make that video I went back through my archives to look at some related resources that I’ve shared over the years. Here are some highlights from my archive of resources for teaching and learning about stocks, bonds, options, and economics in general.
Inflation Explained in One Minute provides a very basic explanation of the concept of inflation. It could be fine as a conversation starter or introduction to a lesson. However, if viewed on its own without additional information it might give students the impression that inflation is solely caused by changes in money supply.
How Inflation Works is an excellent twelve minute video lesson produced by CNBC International. The video does a great job of explaining demand-pull inflation and cost-push inflation. Going beyond the basics the video also provides an excellent comparison of the economic theories of Milton and Keynes. Students will also learn how the consumer price index is calculated and how it is indicative of inflation. Finally, the video concludes with historical examples of inflation around the world and the causes of those hyper-inflationary episodes. I should note that the video will lend itself to introducing other concepts to your students including the importance of the federal reserve’s interest rate.
If you or your students would prefer an animated lesson about inflation, The School of Life offers this solid explanation of cost-push and demand-pull inflation.
TED-Ed Lessons on Economics
TED-Ed has four lessons that could fit in well with a larger discussion and lessons related to inflation.
Why Can’t Governments Print an Unlimited Amount of Money? explains the concept of quantitative easing in the context of the last two years.
What Give a Dollar Bill Its Value? explains the role of the Federal Reserve in trying to control inflation and deflation.
What Causes an Economic Recession? uses the context of the Bronze Age to introduce the factors that can lead to economic recessions today. Those include inflation, borrowing habits, saving habits, spending habits, and government decisions.
What Causes Economic Bubbles? uses the context of the tulip industry of the 1600’s to explain what causes an economic bubble and what happens when it bursts.
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