Presentation on Basic Economics
Aggregate demand and supply
The open economy circular flow model The markets National account aggregates and conversions The multiplier: – Definition of multiplier effect – Explanation.
Time prices Inflation Inflation is a sustained increase in the prices of goods and services (or the cost of living). To measure inflation, we look at changes.
Business, Sixth Canadian Edition, by Griffin, Ebert, and StarkeCopyright © 2008 Pearson Education Canada CHAPTER 1 Understanding the Canadian Business.
The monetary system, prices, and inflation Outline 1.What is a monetary system? 2.Index numbers 3.The Consumer Price Index (CPI) 4.The CPI and the Inflation.
The CPI and the Cost of Living Outline 1.Index numbers 2.The Consumer Price Index (CPI) 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
The CPI and the Cost of Living Outline 1.The Consumer Price Index (CPI) 2.What is inflation? 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
The CPI and the Cost of Living
The Firm First, the productive sector employs resources (such as labour) and uses them to create goods and services (output).
