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Monetary policy
The six-page knowledge sheet explains the basic mechanism of monetary policy, the decision-making process behind it, and today’s unconventional...
Video topic block
When money loses value: taking a closer look at price changes.
An educational video from the European Central Bank (ECB) explains the concept of inflation with a simple example. A short report from CNN also shows the consequences of hyperinflation for the population of Venezuela. The students dive deeper into the topic by means of a quiz and various tasks. An intro text provides background information.
Students are able to…
… explain what inflation is and how it is measured.
… explain why low-income households are hit particularly hard by inflation.
… describe the dangers of hyperinflation.
… put changes in purchasing power into the context of wage and price developments. (LCS/DH)
… calculate the inflation rate from the CPI change. (KV/FVB/GYM)
… reproduce the historical development of the CPI and put it into context. (FVB/GYM)
… understand the current inflation situation and assess the associated inflationary trends. (FVB/GYM)
Didactic notes |
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Notes for lesson preparation and for possible teaching scenarios using a video topic block in class. |
Price stability: Why is it important for you? |
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This animated video clip explains inflation quickly and concisely. It also shows the problems and dangers of high and unpredictable inflation.
Source: European Central Bank (ECB), Price stability: Why is it important for you? (6.1.2011, duration: 1min 51s), provided via nanoo.tv
If you have problems playing the embedded video, please use the following direct link: Open video in new window |
Inflation |
Start Quiz | ||
The quiz contains seven questions on the topic of inflation.
Note: Before you start the quiz, set a nickname.
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Worksheet A LCS/KVExercises on concepts related to inflation. Suitable for LCS/KV. |
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Worksheet B FVB/GYMExercises on concepts related to inflation. Suitable for FVB/GYM. |
Create your own version
Download
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Sample answers Worksheet A LCS/KV |
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Sample answers Worksheet B FVB/GYM |
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Background information |
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Background information on the topic of inflation. The text uses the Swiss economy in the 1990s as an example to show the massive economic costs of an excessively high inflation rate. |
Concept:
Iconomix
Videos:
Provided via nanoo.tv, the Swiss video platform and online media library for schools.
Consultants:
Dr. Pascal Meichtry, Banque de France
Didactic consulting for worksheets:
Dr. Daniel Schmuki, Swiss Federal University for Vocational Education and Training, SFUVET
Background information:
Dr. Pascal Meichtry, Banque de France
Translation & proofreading:
SNB Language Services