Inflation has been on many peoples minds. There are several measures of inflation available, and each one plays a role in providing a more complete understanding of inflations causes and effects. This Page One Economics Primer describes key measures of inflation, including the consumer price index, and how the Federal Open Market Committee pays particular attention to these measures as it makes policy decisions adjusting its policy stance when necessary to move the economy toward maximum employment and price stability. This material can be used to teach inflation or as a supplement resource. Links in the article take the reader to up-to-date charts and additional articles that provide more details concerning certain topics.
Type of Material:
Open (Access) Journal-Article
Recommended Uses:
In class reading
Supplemental lecture resoure
Homework assignment
Discussionn forum
Technical Requirements:
internet accesst to open library article
Identify Major Learning Goals:
Define inflation
Understand the measures of inflation
Understand how inflation affects the economy
Determine the Federal Reserve's actions/responsibilties concerning inflation and related changes
Target Student Population:
Disciplines: Business, economics, finance, history
Class levels: Middle school, high school, undergraduate, and graduate level students
Prerequisite Knowledge or Skills:
none
Content Quality
Rating:
Strengths:
The glossary supports terminology in the article.
The resource provides links to additional information to support the topic.
Visual aids are included to support topic.
The resource is written for a general audience and easy to read
The material is clear and concise
It provides accurate information about inflation.
Concerns:
None
Potential Effectiveness as a Teaching Tool
Rating:
Strengths:
The material provides a conceptual understanding of inflation.
The resource increases the potential for student learning.
It could easily be integrated into in class work, lectures, or homework/discussion assignments.
The resource takes less than 30 minutes to read and provides an opportunity to learn in several areas concerning inflation.
Students could easily be tested/graded on the material learned from this resource
Concerns:
The resource does not identify learning objectives
Does not provide prerequisite knowledge needed
Ease of Use for Both Students and Faculty
Rating:
Strengths:
The resource is easy to navigate and read.
The resource engages the audience with details and examples of inflation.
The visual aids add to the usefulness the resource and the understanding of inflation
All links are active
The resource is supported with information from the Federal Reserve's, which adds validity and reliability to the information.
Concerns:
None
Creative Commons:
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