Introduction
Have you noticed how a chocolate bar that once cost $1 now costs $1.50? Or how your parents talk about how cheap things used to be? This is called inflation. In this WebQuest, you'll explore what inflation is, what causes it, and how it affects everyday life.
Watch this video to understand what inflation is and why it affects you.
Task
Your team will create a visual presentation (Google Slides or PowerPoint) that explains inflation to your peers. You must:
-
Define inflation clearly.
-
Describe its causes.
-
Provide real-world examples from your country and the world.
-
Explain how inflation impacts people differently (e.g., workers, savers).
-
Propose two ways governments try to manage inflation.
An excellent video on causes like demand-pull and cost-push inflation.
Process
-
Research: Use the provided links and videos to learn about inflation.
-
Team Roles:
-
Researcher 1: Definition & Causes
-
Researcher 2: Examples (Local & Global)
-
Researcher 3: Impacts on different people
-
Researcher 4: Government responses
-
-
Compile Information: Discuss findings and choose key points.
-
Design Slides: Use visuals, graphs, and bullet points.
-
Review: Check for spelling, clarity, and APA citations.
-
Present: Share your slides in class.
A newer overview touching on modern drivers and how inflation is measured.
Evaluation
| Criteria | Points | Description |
|---|---|---|
|
Content Accuracy
|
1-5 | Information is factually correct and clearly explains inflation and its causes. |
|
Real-World Application
|
1-5 | Examples are relevant, well-explained, and connected to students' lives. |
|
Slide Design & Visuals
|
1-5 | Slides are clear, well-organized, and include high-quality images or charts. |
|
Teamwork & Collaboration
|
1-5 | All team members contributed equally and worked well together. |
|
Presentation Quality
|
1-5 | Ideas were communicated clearly, confidently, and in a logical order. |
|
APA Citations & Credits
|
1-5 | All sources are properly cited in APA format and a Credits section is included. |
Conclusion
By completing this WebQuest, you've gained a deeper understanding of inflation and how it affects individuals and nations. This knowledge will help you make smarter financial decisions and be more informed about economic news.
Watch this to explore five of history’s worst hyperinflation cases and understand the real-world consequences.
Credits
Mishkin, F. S. (2018). The Economics of Money, Banking, and Financial Markets. Pearson.
Investopedia. (n.d.). Inflation. https://www.investopedia.com/terms/i/inflation.asp
World Bank. (2024). Global Inflation Tracker. https://www.worldbank.org
YouTube: CNBC Explains. (2019). What is Inflation? https://youtu.be/xnWDv3c8g6o
IMF. (2023). How Countries Manage Inflation. https://www.imf.org
Watch this to learn how to cite sources in APA style.