Podcasts in the Classroom - What’s “up” with Inflation?
This series is designed to bring together a variety of shorter, readily available podcasts to introduce a topic from recent headlines and inspire discussion
You and your students might have noticed increased costs as US inflation hit a roughly 31-year high. There has been much discussion by economists over whether or not these price increases are transient, due to supply constraints coupled with increased demand, or if they may be more permanent.
Here are some 2-4 minute Marketplace podcasts discussing these headlines.
- 11/16 Marketplace Inflation is hiding within retail sales spikes
- 11/11 Marketplace What rising rents mean for inflation
- 11/11 Marketplace Inflation spikes to a 30-year high
The MarketPlace Minute :
- 11/24 Midday business and consumer spending up, jobless claims at 52-year low, and CPI up 5% for October.
- 11/23 Closing Bell Dollar Tree raising prices to $1.25.
- 11/16 Midday Retail sales, import prices and industrial production all up in October.
- 11/15 Midday Goldman Sachs economists predict inflation will fall to 2.3% in 2022.
Determine how much time you want to devote to this activity, and select podcasts to provide students with background information.
Have students then tackle these discussion questions. This can be done individually, in groups, or as a class.
- Have you noticed cost increases for things you typically buy?
- Are increasing prices going to impact your family’s spending plans for the holidays?
- Can you explain what is meant by the expression “inflation is hidden within retail sales spikes?”
- Dollar Tree is increasing many of their prices to $1.25, citing increases in wages and supply costs. Does this seem like a temporary or permanent increase in prices?
If you use this assignment in your class, please let us know how it went!