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Two challenges of teaching inflation: Differing textbook treatments and common student misperceptions

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  • Luccasen, R. Andrew

Abstract

The causes, costs, and benefits of inflation are not well understood by the general public. Several factors complicate the teaching of inflation. One such factor is that textbooks differ in their treatment of inflation. In this paper, I document significant differences across several commonly used textbooks. A second complicating factor are the misperceptions that students bring to the classroom. I also report on a survey that documents common misconceptions about inflation. Anticipating these misconceptions and understanding the diverse treatment of inflation in textbooks provides an opportunity to improve the classroom instruction of a difficult topic.

Suggested Citation

  • Luccasen, R. Andrew, 2026. "Two challenges of teaching inflation: Differing textbook treatments and common student misperceptions," International Review of Economics Education, Elsevier, vol. 51(C).
    • Handle: RePEc:eee:ireced:v:51:y:2026:i:c:s1477388025000301
    DOI: 10.1016/j.iree.2025.100338
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    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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