Explored in Year 10 or 11, focusing on how they affect prices and money over time, with formulas to calculate depreciation and inflation effects. This topic provides students with a practical understanding of financial concepts and their long-term implications.
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Tutero’s lessons on depreciation and inflation include questions exploring financial concepts affecting assets and purchasing power. Students learn to calculate and predict changes, preparing them for informed personal and professional financial decisions.
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In lessons on depreciation and inflation, Tutero teaches students to calculate and understand the effects of these economic concepts on the value of assets and money over time. Students explore different methods of depreciation and the impact of inflation on purchasing power, applying these concepts to real-world financial planning.
This lesson plan on depreciation and inflation features enabling prompts to help students grasp the concepts of asset depreciation and the rate of inflation, alongside extending prompts for those ready to calculate these in practical contexts such as economics and finance. These prompts teach students how these economic factors impact value and purchasing power.
Tutero’s lessons on depreciation and inflation include questions exploring financial concepts affecting assets and purchasing power. Students learn to calculate and predict changes, preparing them for informed personal and professional financial decisions.
Tutero’s depreciation and inflation exercise sheets expose students to the economic concepts of asset value reduction and price level increases. Tasks may include calculating the depreciation of technology or vehicles, or analysing inflation’s impact on savings and investments, helping students navigate and plan for these economic factors in personal and business finance
This lesson plan on depreciation and inflation features enabling prompts to help students grasp the concepts of asset depreciation and the rate of inflation, alongside extending prompts for those ready to calculate these in practical contexts such as economics and finance. These prompts teach students how these economic factors impact value and purchasing power.
- You in approximately four minutes
Basics of Depreciation
Initially, students learn what depreciation is and why it is important in accounting and economics. They explore simple methods of calculating depreciation, such as the straight-line method. By Year 5, they understand more complex methods, like reducing balance and sum-of-years-digits, and apply these methods to calculate depreciation for assets in businesses and personal finance.
Understanding Inflation
Initially, students learn what inflation is and how it affects prices and purchasing power. They explore basic concepts of inflation rates and their calculation. By Year 5, students analyse historical inflation data and its impact on economies, using their understanding to discuss and evaluate economic policies and personal finance decisions.
Calculating Depreciation and Inflation Rates
Students learn to calculate depreciation using methods like straight-line and reducing balance for assets in personal and business finance. They explore inflation rates and their impact on money value and cost of living. By Year 5, students apply these calculations in more complex economic models, business planning, and policy-making, understanding broader economic indicators.
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