Inflation in Modern Economies
Learn about inflation, how it is measured, its advantages and disadvantages, and its role in shaping modern economies.
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This course starts off by explaining the meaning of inflation, how it is measured, and how it affects the average person's life. It then shows you data about inflation going up and down during a course of a year. You will learn the exact meaning of deflation and hyperinflation, and how they are used when discussing inflation. You will also cover how inflation comes about from prices rising in response to a fall in the supply of common goods and services.
You will then study the reason why good economies tend to be associated with a moderate level of inflation, along with the strange circumstance where there is inflation and stagnation at the same time. You will also cover how stagflation causes massive inflation in one part of the economy while affecting other parts of the economy differently. Finally, the course will cover the negative effects of higher inflation and you will be given an overview of macroeconomics.
Many of us have, at some point or another, heard our grandparents talk about how a candy bar cost barely anything during their childhood. In the nineteen hundreds, a Hershey's chocolate bar cost just 2 cents. Today, that same chocolate bar costs $1.35. Why the big difference in its price? Inflation. As we can see, inflation impacts even the little things in the average person's daily life. Check out this course and learn more about inflation now.
Module 1: Understanding the Role of Inflation in Modern Economies
What is Inflation
Moderate Inflation in a Good Economy
Real and Nominal Return
Calculating Real Return in Last Year Dollars
Relation Between Nominal and Real Returns and Inflation
Velocity of Money Rather then Quantity Driving Prices
Deflation Despite Increases in Money Supply
Module 2: Understanding Inflation Assessment
- 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.
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