Title: Module 3 Introduction: (CU2 M3)
Course: SkillsCom EC 202 15.0 > Section: Credit Unit 2 Module 3 - Inflation

Module 3 defines inflation and explains the mechanics involved in calculating the inflation rate. In particular, Module 3 covers price indices, how price indices are used to measure inflation, and how to adjust for inflation, i.e. calculate real values and the costs inflation imposes on the economy.

Module Outcomes:

- Define inflation in words and know its formula (for a given price index).
- Calculate the inflation rate when given the relevant statistics.
- Describe the negative impacts of inflation.