Grade 8 – Social Science

SUBJECT TEACHER GRADE DATE

Economics Siva Chaitanya M 8 19-01-2019

OVERVIEW
An activity to elucidate the concept of inflation through a near real-world
situation. Two types of inflation, namely, Demand-Pull and Cost-Push
inflation are discussed.

PHASES TEACHER GUIDE STUDENT GUIDE

TOPIC Inflation; Two types of inflation. NA

AIM & Make students understand the concept of Participate in the

OBJECTIVES inflation and its two types through the activity; Observe the
interactive activity. concept in action.

MAIN First volunteer – Materials/Resources Two volunteers from

ACTIVITY Second volunteer – Retailer students; Others
Remaining students – Consumers would still be
participating in the
Demand pull inflation: activity.
 Consumers start buying product from
retailer at a fixed initial price
 As more consumers start buying,
retailer increases cost for higher profits
Cost push inflation:
 Materials company increases prices
 Retailer increases product cost in order
to afford the increases materials cost.

POST- The students are made to deduce their own Come up with their
ACTIVITY definition of inflation with the observations own definition of
made from the aforementioned activity. inflation.

ASSESSMENT Check the students definitions/deductions and Assess each others

provide constructive feedback. interpretations,
Modify according to
feedback received.

 Take any queries and questions from the students if any.