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Introduction to inflation – definition and degrees
This video defines inflation and discusses its varying degrees. The meanings of the terms inflation, deflation, disinflation and hyperinflation are also explored.
Cost push and demand pull inflation
This video explores two causes of inflation and shows how to diagram them.
Nominal (money) vs real data and the GDP deflator
This video discusses nominal data, real data and the GDP deflator price index.
The Consumer Price Index (CPI)
This video explores what the consumer price index is, how to calculate it and also how to use it to calculate the inflation rate. It also examines issues with using the CPI as a measure of inflation.
The costs and consequences of inflation
This video explores the costs and consequences of inflation.