Week 5: Measuring Aggregates: Unemployment and Inflation

Week 5 Sunday 2.22.2015

Module 13 The Causes and Categories of Unemployment

Required Resources: Read Krugman and Wells Module 13

Review Module 13 Slides

Recommended Reading: Up the NAIRU Without a Paddle. (1997, March 6th). The Economist. http://www.economist.com/displaystory.cfm?story_id=145166

Active Learning: Dating changes in Unemployment Rate

Module 14 Inflation: An Overview

Required Resources: Read Krugman and Wells Module 14

Radford, R. A. (1945). The Economic Organisation of a P.O.W. Camp. Economica.

WEB: http://www.uwlax.edu/faculty/brooks/eco120/pow camp.htm

PDF (or link below): http://www-rohan.sdsu.edu/~hfoad/e111su08/Radford.pdf

Review Module 14 Slides

Module 15 The Measurement and Calculation of Inflation Module 15

Required Resources: Read Krugman and Wells

Review Module 15 Slides

Recommended Reading: Duff, C. (1997, January 16). Eyes on the Price: Is the CPI Accurate? Wall Street Journal, p. A 1

Multimedia: http://econblog.aplia.com/2006/08/how-to-cure-inflation.html?showComments=false

Hyperinflation in Zimbabwe and other countries

Multimedia: Hyperinflation http://econographic.com/hyperinflation/sources.html

Multimedia: http://www.youtube.com/watch?v=mM3_z2RB3YU  (Length 2min10sec)

Active Learning: Dating changes in Inflation

Assessment: Complete Quiz#5 By Sunday 2.22.2015 in D2L

Required: Radford, R. A. (1945). The Economic Organisation of a P.O.W. Camp [pdf]

Recommended: Duff, C. (1997, January 16). Eyes on the Price: Is the CPI Accurate? Wall Street Journal, p. A 1 [pdf]