Develop a budget and navigate the economy in a time of high inflation in this game-based program that's offered onsite.
Students will see first-hand how difficult it is to plan when inflation rises. As goods become more expensive, students will look for ways to afford what they need. A great game to build financial skills while learning about the Bank’s critical role in keeping inflation low and stable.
Is your school in the National Capital Region? If you could use a little help getting your class to the Museum, apply for our free transportation bursary.
Grades
Grades 9 to 12; Secondary Cycle Two and CEGEP
Big idea
Low and stable inflation allows everyone to plan for the future.
Learning objectives
Students will:
- compare the life of a consumer in times of both high inflation and low, stable inflation
- recognize the role of the Bank of Canada’s monetary policy in the financial choices and lives of consumers
- evaluate the importance of the economy and inflation in their lives
Curriculum links
Ontario
- Economics
- Grade 11: The individual and the economy
- Political and economic systems
- Financial planning
- Government intervention
- Grade 12: Analysing current economic issues
- The role of government in redressing imbalance
- Monetary policy
- Grade 12: Making personal economic choices
- Financial goals and financial planning
- Understanding the canadian economy
- Business Studies
- Grade 9 or 10: Introduction to business
- Economic basics
Quebec
- Secondary V: Financial Education
- Elements in drawing up a budget
- Why consumer habits may change
- Reasons for saving money
- The government and the economy
Duration
This onsite program runs for approximately 120 minutes. You’re welcome to book a 30 minute self-guided visit following your program.
Availability
This onsite program is offered Thursdays and Fridays. The last booking is at 15:00.
Cost
All school programs are offered free of charge.
Class size
20 to 50 students per program.
Students are given a different role and asked to create a specialized budget for a person or a business.
The game requires some simple math calculations to achieve a balanced budget.
Beyond rising inflation each round, students spin the wheel to see what other events might impact their finances and wellbeing.
Book your visit
or call 613‑782‑8914 to book a visit. Please include the following information in your request:
- date and time of arrival
- number of students and teachers
- program or tour of your choice
- preferred official language
- any accessibility or special needs
We will confirm your booking within five to seven business days.
Before your visit
Try out the following activities:
- Delve deeper into the Consumer Price Index (CPI) and create a personalized CPI with the lesson plan Price Check: Inflation in Canada.
- Have a class discussion on inflation in Canada over time with the video Inflation Over Time.
Content type(s):
School programs
Subject(s):
Economy
