This video teaches the concept of Inflation, which is an increase in the average price level in the economy.

Key Concepts

Inflation, Monetary Policy, Nominal Gross Domestic Product (GDP), Real Gross Domestic Product (GDP), Federal Reserve


Fed Orders Interest Rate Cut

On October 15, 1998 Alan Greenspan and the Board of Governors, in a surprise move ordered short-term interest rates cut by 0.25%. What prompted the Fed to take this action? What impact will the rate change have on the economy? Analyze the articles below to examine the linkages between acti...

Grades 9-12

Focus on Economic Data: The Federal Reserve and Monetary Policy, October 29, 2014

This lesson utilizes the October 29, 2014, statement of the Federal Reserve's Federal Open Market Committee (FOMC) to explore the Federal Reserve's twin goals of price stability and full employment. This lesson discusses the recent announcement of the end of the QE3 bond buy-back and the rational...

Grades 9-12

Who Is Ben Bernanke?

This lesson introduces students to the Chairman of the Federal Reserve System, Ben Bernanke. It describes briefly his involvement within the Federal Reserve.

Grades 9-12

Marketplace: The Argentina Barter Fair

In April 2002, Argentina's economic situation seemed to be getting worse and worse. Banks closed for nine days before reopening on April 29, 2002. How did Argentinians function during that time? Amy Radil of NPR reported on the flourishing barter economy that sprung up through necessity. Her repo...

Grades 6-8, 9-12

Closing the Gap

The students learn what GDP is. They will learn different measures of GDP as well as how GDP per capita can be used to compare countries. They will also calculate GDP per capita and learn how poorer countries can converge, or close the gap, with richer countries.

Grades 9-12