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2. Economics: Inflation

Keystage: KS4

Subject: Economics

Resource type: Lesson

Skills: Staying Positive

Click to download the resource (updated 15 January 2025)

Economics – Lesson Two – Resources

The Tale of Inflation: In this activity, students become Sole Traders who need to assess the impact of inflation on purchasing in order to make informed decisions for their business.

Career Spotlight

Sole Trader

Skills Builder Links

Staying Positive step 7
I look for opportunities in difficult situations.

Curriculum Table

England: The national curriculum (England)The role of government
Students must know and understand price stability and inflation and how it is measured; causes and consequences of inflation.
Scotland: The National 5 EconomicsUK economic activity
Government aims – inflation – definition and measurements; causes of inflation; effects of inflation on individuals, firms and the economy.
Wales: WJECCurrently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level.

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