Ch #14 Macro Obj: Low inflation

Ch. #14 Macro objective: Low inflation

Thursday, December 5, 2019 – Thursday, December 12, 2019

Thursday
In Class:

In teams, answer the question: In 1931 was Babe Ruth overpaid or underpaid? Discuss.
Inflation and Price Indexes (9:19)
- Note blank
PPT lecture (11-19)
- After slide 11 What's in the CPI
- After slide 13 a weighting resource
- After slide 15 ACDC: Inflation: Cost-push and demand-pull 2:08m
- After slide 17 Venezuela in 3 minutes
  - lower real income
  - lower real interest rate for savers
  - higher nominal interest rate for borrowers
  - Reduced international competitiveness
  - Social and political unrest
  - AHBL!
- Venezuela: Death spiral: 4000% inflation in Venezuela

Homework:

Friday
In class:
Introduce Country research project due Monday

Homework:

Monday
In class:

Homework:

Tuesday (Period 5)
In class:

Homework:

Wednesday (Period 4)
In class:

Homework:

Thursday
In Class:

Homework: