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Inflation in Modern Economies

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Inflation in Modern Economies
  • Description
  • Outcome
  • Certification
  • 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.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Modules List( 2 )
  • Module 1: Understanding the Role of Inflation in Modern Economies
    • What is Inflation
    • Inflation Data
    • Moderate Inflation in a Good Economy
    • Stagflation
    • Real and Nominal Return
    • Calculating Real Return in Last Year Dollars
    • Relation Between Nominal and Real Returns and Inflation
    • Deflation
    • Velocity of Money Rather then Quantity Driving Prices
    • Deflation Despite Increases in Money Supply
    • Deflationary Spiral
  • Module 2: Understanding Inflation Assessment
    • Introduction to Macroeconomics Assessment
Topics List ( 1 )
Module 2: Understanding Inflation Assessment
You must score 80% or more to pass this assessment.
Course Features
  • Duration

    1-2 Hours

  • Publisher

    Khan Academy

  • Video


  • Audio


  • Assessment


  • Certification


  • Price


  • Reward

    50 Pts

  • Responsive


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