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Maya Chen
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Course “Money and Prices”
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Lesson 3 “Why Prices Rise”
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Cards
8 · aim for 5–12
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1
Hook
A loaf of bread costs more every year. So does a bus ticket, a haircut and a phone plan. Why do prices almost always go up, and what would it take for them to stop?
2
Concept
A price is a message between buyers and sellers
3
Predict
In 1989, Poles queued for hours to buy bread. In January 1990 the government let most prices float. What happened next?
4
Evidence · 1 source
What happened in Poland in 1990
5
Concept · 142 of 120 words
Too much money, too few goods
6
Check
Which of these would push prices up?
7
Summary · 2 of 3 points
Three things to remember
8
Do this
Check one price you pay every week
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Lesson quiz
6 questions · aim for 4–10
Lesson checks
4 of 6 passed
Starts with a Hook · has sourced Evidence
· passed
8 cards · ends with Summary and Do this
· passed
Summary needs exactly 3 points
· required
Concept cards: 120 words max
· warning
Lesson 3 “Why Prices Rise”, card 3 of 8
Card 3 of 8
Card type
Hook
Predict
Concept
Evidence
Check
Summary
Do this
Ask before you tell. The next card reveals what happened.
Question
119
/ 160
In 1989, Poles queued for hours to buy bread. In January 1990 the government let most prices float. What happened next?
Options
2–4 · 4 added
What happened
A
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option A as what happened
B
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option B as what happened
C
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option C as what happened
D
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option D as what happened
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· 4 is the most a Predict card takes
Reveal explanation
· shown after the learner answers
218
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Prices jumped in the first month, by [FIGURE]%. Within weeks shops had goods on the shelves again and the queues were gone. Higher prices told sellers it was worth bringing goods to market, and told buyers to use less.
Sources
+ Add source
1
Poland’s Jump to the Market Economy
Jeffrey Sachs · MIT Press, 1993 · Book · p. [PAGE]
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