Market MakeHer Podcast

Interactive Inflation Simulator

The idea is to develop a digital, interactive simulation tool that teaches users about inflation using a gamified approach similar to the paper bag bidding game described in the podcast. The simulator would allow users to play through multiple rounds of simulated transactions where they can see how injecting more money into a system can lead to higher prices, thereby illustrating concepts like cost-push theory and demand-pull theory. This tool would be particularly useful for educators, finance trainers, and self-directed investors seeking a deeper, experiential understanding of inflation dynamics. Implementation could involve building a web-based application using interactive graphics and simple game mechanics. Entrepreneurs might leverage low-code platforms or hire freelance developers to keep initial costs low. The simulator can initially be offered as a digital product through one-time sales or a subscription model for regular educational content updates. It solves the problem of abstract economic concepts being hard to visualize and retain, ultimately making financial literacy more accessible to a broader audience. The primary target market would be individual learners, financial educators, and training institutions looking for engaging learning tools.

From: 15. What's Going on with Inflation? (Inflation Explained)