Indicators of income equality/inequality
"9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact"!!.... watch the video here. Here are some other interesting statistics on inequality in America and here too.
Here is a video on inequality in the UK. You'll be given a copy of this document to work through: Equity in the distribution of income
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In Monkey Business, filmmaker Shola Lynch chats with economists from across the political spectrum to help explain the causes of economic inequality, with help from a couple of mammalian friends.
The meaning of economic growth
Download this document and complete.
This is an HL only topic and could very well be part of a Paper 1 (essay) question.... particularly part (b) of a long essay.... the evaluation section. So make sure you can use this type of analysis when evaluating government policy choices. The tasks addressing the objectives above are in the following document - download a copy and complete. https://docs.google.com/a/aisbudapest.org/document/d/1kK1gDmbwVaLU3s6wJEfvkXLKdnrIzz02Ggx0uGu2I7U/edit?usp=sharing Jason Welker has uploaded two videos on both the short run and the long run Phillips Curves
Causes of inflation (D/B p230-232)
The cure will depend on the cause:
2.3 Macro objectives - low/stable rate of inflation (3) - the consequences of inflation/deflation10/11/2017
HL only
Complete the following worksheet... https://docs.google.com/a/aisbudapest.org/document/d/1544_KywLL2LgUR_o-bOapHS90E9qjEKSXFVTt3L26ac/edit?usp=sharing You will receive another handout with worked examples of creating a simple weighted price index with practice tasks. It is very important that you complete and understand these tasks as you will have a test on this soon... this is the type of question you may get in your Paper 3 exam.
Yes.... that is a 100,000,000,000,000 Zimbabwe dollar note! The product of extreme hyperinflation in Zimbabwe in the first decade of the 21st century. You can read about it here. By November 2008 the rate of inflation was a massive 89,700,000,000,000,000,000,000%!!!
Hungary has actually suffered a higher rate of inflation than that.... in July 1946 the rate of inflation was Jul. 1946, 41.9 quadrillion percent! See here for more details. Current inflation details for Hungary can be found here. The US Inflation calculator can be found here... how much would it cost you in 2017 to buy something that was priced at $20 in the year you were born and what is the cumulative inflation rate? TASK 1 Define the following terms and also construct a graph to show these events over time:
TASK 2 Click on the link Measuring Inflation to access worksheet with tasks |