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.
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.
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.
This online activity demonstrates how easy it is to master key functions in GeoFRED, the data-mapping tool for FRED. In just a few minutes you can create an engaging binary map that will spur comments and questions. The binary map created in this demonstration displays the following data: real per capita personal income, not seasonally adjusted, quarterly, dollars.
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.
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.
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.
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.
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- Patrick Walsh
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This is presentation of some basic economic ideas for the beginning community college student.
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!
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.
Economics of a simple business leading up to a discussion on inflation/deflation. Touching on income statements. Created by Sal Khan.
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.
This 4-minute video lesson discusses the basics of hyperinflation. It looks at Weimar Germany, Hungarian Pengo and the Zibabwean Dollar. [Core Finance playlist: Lesson 172 of 184]
This 3-minute video lesson explains why there tends to be moderate inflation during good economies. [Core Finance playlist: Lesson 161 of 184]
This 3-minute video lesson looks at inflation and real and nominal return. [Core Finance playlist: Lesson 163 of 184]