At the end of this set of notes, you should be able to explain:
1. Definition and Measurement of Inflation
2. Inflation Type 1: Demand-pull Inflation
3. Inflation Type 2: Cost-push Inflation
4. Effects of Anticipated Inflation
5. Effects of Unanticipated Inflation
6. The Dangers of Deflation
7. Policies to Tackle Inflation
JC Econs 101 