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Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

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Boundless Lecture Slides

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. Defining, Measuring, and Assessing Inflation Inflation ] Inflation Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Inflation > Defining, Measuring, and Assessing Inflation Defining, Measuring, and Assessing Inflation • Defining Inflation • Measuring Inflation • Price Indices and the Rate of Change of Prices • The Costs of Inflation • Distribution Effects of Inflation • Deflation Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inflation-21/defining-measuring-and-assessing-inflation-101/

  6. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  7. Inflation Key terms • cost of livingThe average cost of a standard set of basic necessities of life, especially of food, shelter and clothing • deflationary spiralA situation where decreases in price lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in price. • inflationAn increase in the general level of prices or in the cost of living. • market basketA list of items used specifically to track the progress of inflation in an economy or specific market. • menu costsThe cost to a firm resulting from changing its prices. • money supplyThe total amount of money (bills, coins, loans, credit, and other liquid instruments) in a particular economy. • nominal interest rateThe rate of interest before adjustment for inflation. • price indexA statistical estimate of the level of prices of some class of goods or services. • purchasing powerThe amount of goods and services that can be bought with a unit of currency or by consumers. • purchasing powerThe amount of goods and services that can be bought with a unit of currency or by consumers. • purchasing powerThe amount of goods and services that can be bought with a unit of currency or by consumers. • Real interest rateThe rate of interest an investor expects to receive after allowing for inflation. Free to share, print, make copies and changes. Get yours at www.boundless.com

  8. Inflation • shoeleather costsThe cost of time and effort that people spend trying to counter-act the effects of inflation. • velocity of moneyThe average frequency with which a unit of money is spent on new goods and services produced domestically in a specific period of time. Free to share, print, make copies and changes. Get yours at www.boundless.com

  9. Inflation U.S. Inflation Rate The U.S. inflation rate is measured by comparing the price of goods in one year to the price of goods in a previous base year. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."US Inflation rate."GNU FDLhttp://commons.wikimedia.org/wiki/File:US_Inflation_rate.pngView on Boundless.com

  10. Inflation Inflation and the Money Supply While the two variables are not exactly equivalent in the short run, over time the money supply has had a direct relationship to the level of inflation. This is consistent with the quantity theory of money. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."M2andInflation."CC BY-SAhttp://en.wikipedia.org/wiki/File:M2andInflation.pngView on Boundless.com

  11. Inflation Consumer Price Index and Inflation The above graph shows the annual inflation rate and the consumer price index from 1913 to 2003. As long as the inflation rate was above zero, the CPI was increasing. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Consumer Price Index US 1913-2004."GNU FDLhttp://commons.wikimedia.org/wiki/File:Consumer_Price_Index_US_1913-2004.pngView on Boundless.com

  12. Inflation Interest Rates and Inflation Part of the reason that lenders charge interest is to recoup the cost of inflation over time. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Malawi interest rates."Public domainhttp://commons.wikimedia.org/wiki/File:Malawi_interest_rates.JPGView on Boundless.com

  13. Inflation The Great Depression Most economists agree that the high levels of deflation during the 1930s made the Great Depression much more severe and long-lasting. It discouraged consumption, borrowing, and investment that would increase economic activity. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Unemployed men queued outside a depression soup kitchen opened in Chicago by Al Capone, 02-1931 - NARA - 541927."Public domainhttp://commons.wikimedia.org/wiki/File:Unemployed_men_queued_outside_a_depression_soup_kitchen_opened_in_Chicago_by_Al_Capone,_02-1931_-_NARA_-_541927.jpgView on Boundless.com

  14. Inflation Menu Costs The cost to a restaurant to change the prices on menus is incurred even with low and expected inflation. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Del Taco menu board."CC BYhttp://en.wikipedia.org/wiki/File:Del_Taco_menu_board.JPGView on Boundless.com

  15. Inflation Hyperinflation in Zimbabwe The photo shows bills worth millions and billions of dollars that were printed by the Zimbabwe government as a response to massive inflation. At one point the 50 billion dollar note was worth less than three US dollars. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."Fifty Billion Dollars | Flickr - Photo Sharing!."CC BY-SAhttp://www.flickr.com/photos/villes/2693551009/View on Boundless.com

  16. Inflation Attribution • Wiktionary."money supply."CC BY-SA 3.0http://en.wiktionary.org/wiki/money_supply • Wiktionary."inflation."CC BY-SA 3.0http://en.wiktionary.org/wiki/inflation • Wikipedia."velocity of money."CC BY-SA 3.0http://en.wikipedia.org/wiki/velocity%20of%20money • Wikipedia."Inflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inflation • Wikipedia."Quantity theory of money."CC BY-SA 3.0http://en.wikipedia.org/wiki/Quantity_theory_of_money • Wiktionary."market basket."CC BY-SA 3.0http://en.wiktionary.org/wiki/market_basket • Wiktionary."purchasing power."CC BY-SA 3.0http://en.wiktionary.org/wiki/purchasing_power • Wikipedia."Consumer Price Index."CC BY-SA 3.0http://en.wikipedia.org/wiki/Consumer_Price_Index • Wikipedia."Inflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inflation%23Measures • Wiktionary."price index."CC BY-SA 3.0http://en.wiktionary.org/wiki/price_index • Wiktionary."cost of living."CC BY-SA 3.0http://en.wiktionary.org/wiki/cost_of_living • Wikipedia."Price index."CC BY-SA 3.0http://en.wikipedia.org/wiki/Price_index • Wiktionary."purchasing power."CC BY-SA 3.0http://en.wiktionary.org/wiki/purchasing_power • Wikipedia."shoeleather costs."CC BY-SA 3.0http://en.wikipedia.org/wiki/shoeleather%20costs • Wikipedia."menu costs."CC BY-SA 3.0http://en.wikipedia.org/wiki/menu%20costs • Wikipedia."Inflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inflation%23Effects • Wikipedia."Shoe leather cost."CC BY-SA 3.0http://en.wikipedia.org/wiki/Shoe_leather_cost Free to share, print, make copies and changes. Get yours at www.boundless.com

  17. Inflation • Wikipedia."Menu cost."CC BY-SA 3.0http://en.wikipedia.org/wiki/Menu_cost • Wikipedia."Real interest rate."CC BY-SA 3.0http://en.wikipedia.org/wiki/Real%20interest%20rate • Wikipedia."nominal interest rate."CC BY-SA 3.0http://en.wikipedia.org/wiki/nominal%20interest%20rate • Wikipedia."Inflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inflation%23Effects • Wikipedia."Inflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Inflation%23Effects • Wiktionary."purchasing power."CC BY-SA 3.0http://en.wiktionary.org/wiki/purchasing_power • Wikipedia."deflationary spiral."CC BY-SA 3.0http://en.wikipedia.org/wiki/deflationary%20spiral • Wikipedia."Deflation."CC BY-SA 3.0http://en.wikipedia.org/wiki/Deflation Free to share, print, make copies and changes. Get yours at www.boundless.com

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