Inflation and the Self-correcting Mechanism

INTRODUCTION

Today will discuss inflation and the self-correcting mechanism. This page contains all the information you need for today's class: homework, helpful resources (videos, podcasts, etc.) and an explanation of the activities we will do in class. Use the table of contents on the right to help you navigate.

HOMEWORK

Read Mankiw (Pages 656-665) and watch this video.

ASSESSMENTS AND ACTIVITIES

Lecture

• The Classical Theory of Inflation and The Quantity Theory of Money

• The Costs of Inflation

ENRICHMENT