BUSS4 Revision Quiz - Inflation

Here is a revision quiz which tests business student understanding of inflation.

Launch interactive revision quiz on inflation

Download SCORM-VLE import file (zip)

Video report - pound hit by falling inflation

I am borrowing this idea from Amy Chapman on the GCSE Economics blog - it is a really useful and simple video of Stephanie Flanders’ report on the BBC news yesterday about the effect that falling inflation is having on exchange rates, and how that impacts on exporters as well as on those needing to buy other currencies which would make a great lesson starter or discussion piece on the risks of overseas marketing.

Revision Presentation - Inflation

Here is a new streamed revision presentation on inflation and the business environment.

The editable and VLE (SCORM-compliant) version of this presentation is available to buy as part of tutor2u’s AQA BUSS4 Teacher Presentation suite.

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Q&A - Outline the main costs and benefits of inflation

Inflation has many important costs and consequences for both society and business. However a stable and low level of inflation also provides some upsides for business.

Q&A - Explain the causes of inflation

There are two main causes of inflation:
• Demand-pull (when there is excess demand), and
• Cost-push (when costs rise)

Q&A - What is inflation and how is it measured?

Inflation is a sustained increase in the average price level of a country. The rate of inflation is measured by the annual percentage change in the level of prices.

Video case study - the effect of deflation on businesses

The latest data on inflation, as measured by the Retail Prices Index (RPI), sbows that prices are falling.  What are the effects on the turnover of retailers?  What is the impact on workers?  A great video from the BBC provides ideal stimulus material for looking at this topic. 

Working with suppliers - the grocery battle

The relative bargaining power of retailers and suppliers is sure to be tested during the recession, particularly in the highly competitive grocery supermarket sector wher consumers have demonstrated their preference for better value for money.

Economic environment - disposable income takes a dive

News of a really important economic development that business students will need to be able to understand.  Consumer disposable income is falling under pressure from rising prices of essential items such as food and energy whilst wage rises are not keeping pace…

Cash-strapped consumers flock to discounter Aldi

More evidence in a good piece in the Sunday Telegraph today that consumers are increasingly turning to the discount supermarket chains as their disposable income comes under pessure from rising household inflation and increasing unemployment…