Topic

The goal of this coming week is to begin our discussion on inflation and deflation, as well as to review a bit the topic of unemployment. As you will see, inflation involves the increase in the level of prices throughout the economy, rather than solely focusing on one or a few goods or services. While inflation has been historically and relatively mild in the United States, countries throughout the world have and continue to struggle with this problem for many reasons.

Objectives

By the end of this week, you will be able to:

Define inflation/deflation.
Distinguish between cost-push and demand-pull inflation.
Articulate the reasons for inflation.
Student will be able to employ the resources of the Internet as a reference for data and analysis of economic performance.
Student will be able to articulate the current level of inflation in the United States and over the last several years.

Weekly Schedule

Due date	Activity
	Read textbook Chapter 8: The Price Level & Inflation
Refer to Schedule	Assignment: Relevant Problem Set Questions
Wednesday, 11/13	Quiz #6