The CPI- A Crystal Ball?
http://www.econedlink.org/lessons/index.cfm?lesson=EM255&page=teacher
A lesson plan for Grades 10–12 Economics
About this resource
- Appropriate grades
- 10–12
- Provider
- National Council on Economic Education
Legal
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In this lesson from EconEdLink, students will read and analyze the information on a web site to learn about the Consumer Price Index. Students will learn how the CPI is used to measure inflation and economic trends, and how these affect the decision-making process for government, businesses, and individuals. This lesson incorporates an interactive student activity and links to a variety of web resources.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 10 — Economics and Civics
- Goal 8: The learner will analyze features of the economic system of the United States.
- Objective 8.08: Evaluate the investment decisions made by individuals, businesses, and the government.
Grades 11–12 — Economics
- Goal 5: The learner will examine the various ways economic performance is measured.
- Objective 5.04: Identify the causes of inflation and analyze its impact on economic decisions.
- Objective 5.05: Assess how individual spending and production decisions impact levels of income, employment, and prices.
- Objective 5.06: Identify causes and effects of inflation, and analyze its impact on economic decisions.
- Goal 6: The learner will describe the role of money and financial institutions in a market economy.
- Objective 6.04: Describe the organization and functions of the Federal Reserve System.
- Goal 7: The learner will assess economic stabilization policies and how they impact the economy.
- Objective 7.03: Explain how monetary policy affects the level of inflation.
