miércoles, 13 de abril de 2011

Inflation island

Inflation, cost of living, interest rates are just some economic terms which are on the news every day and that we ourselves use on occasion.

Few people, however, understand the ins and outs of economy or are able to explain these terms. That is why Inflation island, an online game from the European Central Bank, may be appealing to us in more ways than one, as we will be able to explore the areas in the island while we learn the basics about inflation, deflation, price stability, hyperinflation.

While doing so, you will be practising your English all the time, and will even have to opportunity to visit the island's cinema to see videos and slideshows which show how inflation and deflation have affected various countries over the years.

H/T to Jeffrey Hill.