Calculating Inflation
2 handy and thorough videos. The first by pajholden takes a UK perspective:
inflation rates – how they are calculated
Secondly, ACDCLeadership takes a US slant:
This one by Mindbitesdotcom is good on the key differences between the GDP deflator and Consumer Price Index, and the way that different approaches to calculating an index can lead to different values (good for evaluation):
| Print article | This entry was posted by James Penstone on August 31, 2011 at 8:58 am, and is filed under Economics, IB Economics, IGCSE Economics. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
No comments yet.
No trackbacks yet.
Supply Side Policies – Guiding Questions
about 13 years ago - No comments
1) How can we define supply side policies? http://www.bized.co.uk/reference/glossary/Supply-side-policy http://www.bized.co.uk/virtual/bank/business/external/policy/expl.htm 2) Why have supply-side policies been so appealing to governments? How could this be shown on a graph? 3) How does the supply-side economists’ approach differ in general from the Keynesian economists’ approach? 4) What policies exist and how can we categories them? Summary of…
Applied Macroeconomics – Evaluating Demand Side Policies
about 13 years ago - No comments
Aims: · To recap the Paper 1 Mark Scheme · To revise learning on the macroeconomic equilibrium, Keynesian and neoclassical perspectives and demand side policies. · To apply the above learning to examples, both theoretical and real-life. · To develop critical analysis and evaluation skills. Step 1 – Recap Exam Technique · Remember the Paper…
Aggregate Supply and Macroeconomic Equilibria
about 13 years ago - No comments
This title refers to a lot of theory which it is worth having explained to you first by a teacher of Economics. Having looked at Aggregate Demand, we now introduce Aggregate Supply which gets a bit complicated with two different schools of thought, and we also need to refer to three possible different equilibrium situations…
Aggregate Demand Part 1
about 13 years ago - No comments
Relevant Syllabus Points: 3.3. Macroeconomic Models: Aggregate demand—components 3.4 Demand-side and supply-side policies: Shifts in the aggregate demand curve/demand-side policies [fiscal policy, interest rates as a tool of monetary policy] Questions: What is Aggregate Demand? What are the components of Aggregate Demand? What shape does the curve have and why? How are the axes labelled?…
Distribution of Income – All in One Go
about 13 years ago - No comments
In just one post, I include resources for the section of the IB Eco syllabus (2005 version) called 3.6 Distribution of Income. The topic includes the following points: • Direct taxation • Indirect taxation • Progressive taxation • Proportional taxation • Regressive taxation • Transfer payments Higher level extension topics • Laffer curve • Lorenz…
The Phillips Curve
about 13 years ago - No comments
Be warned. This one’s quite tricky. We’ll rely heavily on the truly excellent http://www.reffonomics.com website for this topic, but these activities will be best used following some prior learning of the Phillips Curve. I like the approach that reffonomics take, it is thorough and helps to give a good recap of general ASAD macro models.…
Causes of Inflation
about 14 years ago - No comments
MJMFoodie overview: 1) Monetary Inflation Watch the first part of this video until 1 minute 30 seconds in (you can watch the rest for a historical example of inflation in the US, but this is not essential to our understanding at this point) 2) Demand Pull and Cost Push Inflation
The Economic Health Of A Country
about 14 years ago - No comments
[License: Some rights reserved by juhansonin] As we begin to explore macroeconomics, it is worth thinking about some of the key things that we will be looking at and how they apply to a real life country. Economists agree that there are four main macroeconomic goals which most governments consider when managing their economy (and…
