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Adjusting for Inflation
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As inflation raises the overall price level in an economy, the purchasing power of the dollar decreases and both borrowing and lending costs increase. The January 2023 issue of Page One Economics® discusses how price indexes can be used to transform nominal wages and interest rates into real, or inflation-adjusted, values.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Diego Mendez-Carbajo
Date Added:
01/01/2023
Applied Macro- and International Economics II
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CC BY-NC-SA
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This course seeks to establish understanding of the development processes of societies and economies by studying several dimensions of sustainability (environmental, social, political, institutional, economy, organizational, relational, and personal) and the balance among them. It explores the basics of governmental intervention, focusing on areas such as the judicial system, environment, social security, and health, and builds skills to determine what type of policy is most appropriate. We also consider implications of new technologies on the financial sector: Internationalization of currencies, mobile payment systems, and cryptocurrencies, and discuss the institutional framework to ensure choices are sustainable across all dimensions and applications.

Subject:
Business and Communication
Economics
Social Science
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Rigobon, Roberto
Date Added:
02/01/2016
Beyond Inflation Numbers: Shrinkflation and Skimpflation
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Inflation numbers are important economic indicators. But thinking beyond the numbers reveals a deeper reality. For example, how do businesses respond to inflation? Some resort to shrinkflation and skimpflation. Learn about these practices and their effects on consumers in the December 2022 issue of Page One Economics®: Focus on Finance.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Jeannette Bennett
Date Added:
12/01/2022
CPI Market Basket
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Educational Use
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In this lesson, students will explore a market basket of goods and services and determine what is in each category in the market basket. Students learn that the consumer price index (CPI) is made up of market basket goods and services for which the prices are compared each month to determine if the price of any of the items has changed and if there has been inflation. Students will engage in role-play scenarios to understand the effects of inflation.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Lesson
Lesson Plan
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Author:
Eva Johnston
Date Added:
09/11/2019
CPI index
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CC BY-NC-SA
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The consumer price index (CPI) is a measure used to calculation inflation. Learn about how the CPI is calculated, what it measures, and how it is used to track inflation in this video. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
01/25/2012
Cost-push inflation
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CC BY-NC-SA
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A real-world example of the concepts behind the AD-AS model is the oil shocks the United States experienced in the late 1970s. In this video, we break down some of the events going on at the time and use the AD-AS model to see if our predictions using this model match what really happened. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Cupcake economics 2
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CC BY-NC-SA
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More analysis of the cupcake business. Click here to download "Sal's Cupcake Factory" spreadsheet.. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
01/25/2012
Cupcake economics 3
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CC BY-NC-SA
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Using our spreadsheet to show why prices decrease when utilization is low and prices increase when utilization is high. Click here to download the spreadsheets used in this video.. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
01/25/2012
Deflation
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CC BY-NC-SA
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Explore the basics of deflation, including the definition of deflation, how the CPI changes when there is deflation, and why economists tend to be concerned when deflation occurs. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Deflationary spiral
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CC BY-NC-SA
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One of the biggest worries associated with deflation is a deflationary spiral, in which low unemployment and a decreasing price level leads to lower unemployment and an even lower price level. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
A Dollar's Worth: Inflation Is Real
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Educational Use
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Understanding the reality of inflation can help consumers make decisions in personal finance. Learn more about inflation, how it’s measured, and how the inflation rate is calculated in the December 2021 issue of Page One Economics: Focus on Finance.

Subject:
Business and Communication
Economics
Finance
Social Science
Material Type:
Lesson
Reading
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics
Author:
Jeannette N. Bennett
Date Added:
12/01/2021
EconGuy Videos: The Fed, Inflation, and Speeding Tickets
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CC BY-SA
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Since the Crash of 2008, the Federal Reserve has been "printing money" to stimulate the economy. But won't that just lead to inflation? Speeding tickets are always caused by flooring the gas pedal, but flooring the gas doesn't always result in a speeding ticket - like when you're driving up a steep hill. Likewise, inflation is always caused by printing money - but monetary expansion does not always lead to inflation.

Material Type:
Lecture
Author:
Patrick Walsh
Date Added:
11/14/2014
Economics Made Easy: Curricular Resources for Economics Courses
Unrestricted Use
CC BY
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Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!

Subject:
Economics
Social Science
Material Type:
Teaching/Learning Strategy
Provider:
Institute for Humane Studies
Author:
Institute for Humane Studies
Date Added:
04/13/2018
Economics for Leaders
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Economics for Leaders (EFL) is designed to introduce young individuals to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators. The curriculum materials, including background outlines for teachers and classroom-ready simulations and activities to engage students, support the teaching of critical thinking skills by equipping students with the tools of the economic reasoning. Five economic reasoning propositions for the foundation for teaching and learning the economic way of thinking.

Subject:
Economics
Social Science
Material Type:
Activity/Lab
Assessment
Lesson Plan
Provider:
Foundation for Teaching Economics
Date Added:
07/16/2012
Feducation: Money and Inflation
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Educational Use
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How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship? Episode 1 of the Feducation video series reviews the functions of money, features an interactive auction that demonstrates the relationship between the money supply and inflation, then utilizes a simple equation to show how changes in the money supply affect the economy. The video also describes how the Fed uses monetary policy to achieve its dual mandate of maximum employment and price stability.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Videos
Author:
Scott A. Wolla
Date Added:
10/09/2014