Subject: ECONOMICS

Lesson title/topic WEEK 7 1st Deflation Date 22, February 2024 Location Stober

Learner group Year 11 Duration 60 minutes Group 22

size

Lesson Aim To teach deflation

By the end of the lesson, students should be able to :
Learning objectives
i. Define deflation
ii. Discuss the causes of inflation
iii. Analyse the consequences of inflation

Lesson focus/success criteria i. I can define deflation using the available data from an extract
ii. I can identify and explain the causes of deflation
iii. I can explain the economic consequences of deflation
Key words/phrases deflation, aggregate demand and aggregate supply

Prior knowledge / previous Students have experience times when price of goods and services are low and compare to present time.
learning

Time Topic content and teacher Learner activity Formative assessment Learning materials and resources
activity

How are you explaining and What are the learners doing to How do you plan to assess What resources will you use that will
illustrating the topic? Clarify help them progress? include any learning as it is happening? support the teaching, learning and
any possible misconception plan for differentiation assessment activities?

INTRODUCING THE LESSON/STARTER/PRE READING-ASSESSMENT

 Time Topic content and teacher
activity
How are you explaining and
illustrating the topic? Clarify
any possible misconception
5 The teacher give student’s
minutes opportunity to share their opinions
and experiences when prices of
goods and services was low and
the current price and suggest why
10 Teacher guides the students to
minutes define deflation given the available their text books and summary in
material text books resources.
20 Teacher projects an article about
minutes deflation and ask students to read
and summarise the causes of
deflation in their notes books.
From the extract, the teacher
20minut guides the students to identify and
es discuss the consequences of
deflation in an economy.
EVALUATION
Learner activity Formative assessment Learning materials and resources
What are the learners doing to How do you plan to assess What resources will you use that will
help them progress? include any learning as it is happening? support the teaching, learning and
plan for differentiation assessment activities?
Student’s response by sharing their open ended question
experiences to the whole class.
MAIN TEACHING ACTIVITIES
Students highlight the definition in open ended question Slide, video, picture, and government
publications.
their notes books.
Students summarise the main open ended video and slides
causes of deflation in their notes
books and also highlight it in their
textbooks.
Students reads and jot down in their open and close ended slides and video.s
notes books the consequences of questions
deflation.
 Time Topic content and teacher Learner activity Formative assessment Learning materials and resources
activity

How are you explaining and What are the learners doing to How do you plan to assess What resources will you use that will
illustrating the topic? Clarify help them progress? include any learning as it is happening? support the teaching, learning and
any possible misconception plan for differentiation assessment activities?

5 Greece experience deflation over most of the period 2013-16. During this time, wages and pension were cut and the economy experienced a recession.
minutes Some economist warned that the cut in wages could result in a long run deflation.
a. Does the information suggest Greece suffered from bad deflation or good deflation?
b. How may a reduction in wages result in a deflationary gap?

PLENARY, REFLECTION AND ASSESSMENT

5 Teacher summarises the key points Students summarises the key points
minutes of the lesson taught. Teacher also of the lesson taught in their notes
clarify any misconception in the books and ask question where they
course of class discussion. are not clear.

HOMEWORK
Greece experience deflation over most of the period 2013-16. During this time, wages and pension were cut and the economy experienced a recession. Some
economist warned that the cut in wages could result in a long run deflation.
a. Define deflation
b. Explain the consequences of deflation on the Greece economy
c. Draw an inflanary and deflationary gap.
PRE-READING ASSIGNMENT
Pre-read on: Deflation: policies to cope deflation what are the possible policy conflict associated with control of deflation
Reflect and identify aspects of the lesson you think helped make it inclusive.

Lesson Evaluation: Reflect and briefly identify what you think went well and what you would like to improve in future practice.