Inflation in Modern Economies
ID: 463 | Video: High | Audio: High | Animation: None
Equivalent to FETAC: Level 5 | Equivalent to QCF (UK): Level 3
Learn more about inflation and how it effects the economy.
The rate of inflation and whether it has gone up or gone down is reported on a daily basis across the media. Many people don't realise the significance of or the role inflation plays in shaping modern economies, and the effects or impact it can have on our daily lives. With an ever increasing interest in economics, knowing the exact meaning and role of inflation, deflation and even hyperinflation have become discussion points for the average lay person. In this free online course, you will learn about inflation and its role in shaping modern economies, how inflation comes about from prices rising to a fall in the supply and demand on common goods and services, and how inflation is calculated on a yearly basis. You will also learn about the opposite of inflation, namely deflation and how this affects economies also. This free course will be of great interest to professionals in business, economics and finance who would like to learn more about inflation and to all learners who have an interest in important economic concepts and who would like to gain a clear understanding of them.
Learning outcomes: - Understanding how inflation comes about - Examine various effects inflation is caused due to price increases or low demand - Understand the negative effects of higher inflation - Overview of a basic subject matter of macroeconomics.