Inflation and Inequality

We finished up inflation by talking about the difference between expected and unexpected inflation, how you measure price changes with the CPI, the difference between the GDP deflator and the CPI, what a market basket is, and issues with bias in the CPI. Then we introduced inequality and talked about how to measure inequality.

Om Podcasten

This course covers macroeconomics. Course 1A and 1B may be taken in either order. Analysis of the economy as a whole; determinants of the level of income, employment and prices; money and banking, economic fluctuations, international trade, economic development; the role of public policy.