Principles of Macroeconomics Spring 2011 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Slides:

Advertisements

Similar presentations

Economics for Leaders Lesson 9: Money & Inflation.

Advertisements

Food Expenses per week in 1914 and 1921  Your family consumes 3 loaves of bread a week  Your family consumes 10 pounds of sausage and 5 pounds of beef.

Hyperinflation Examples Spring 2012 Dr. Andrew L. H. Parkes Day 17 “A Macroeconomic Understanding for use in Business” 卜安吉.

Zimbabwe's Currency Colapse Gabriel Cruz

Principles of Macroeconomics ECON 401 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Principles of Macroeconomics Fall 2011 Review of Monetary Policy Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

1 MACROECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT Money and Prices 2 nd edition.

Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 8 “How do financial markets work?” 卜安吉.

Principles of Macroeconomics Fall 2010 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Financial Institutions and Markets Spring 2011 Dr. Andrew L. H. Parkes Quiz 13 “Bank Management” 卜安吉.

Exchange Rates and the Open Economy Chapter 18. Foreign Exchange Market Abbreviation: FOREX Over a trillion dollars worth are traded daily. Most trading.

Inflation and the Value of Money. What habits drive consumer spending? How do evolving attitudes change spending habits?

Banking & The Federal Reserve Modules Banks 1) Banks 2) How Banks Create Money 3) The Money Multiplier Banks have several important functions 1.Store.

Macroeconomics Fall 2013 (BECO 1) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Call to Order President Obama says that the government doesn’t have enough money to pay for all of the programs that he wants. Why doesn’t he just print.

Customers deposit money in a bank Banks invest that money by making loans Banks make money on the interest from loans.

SOC101Y University of Toronto Robert Brym Online Mini-Lecture #4 Inflation Click icon to repeat audio Right cursor to advance -> Left cursor to.

Hyperinflation Lesson starter: This is a picture of a man collecting his wages in Germany in 1923! But how long did he have to work to get that much money?

Economics for Leaders Money & Inflation Economics for Leaders Butterfingers.

Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 4 “How do financial markets work?” 卜安吉.

Multiplier and the Mystery of the Magic Money By Lisa Herman-Ellison econoedlink.org. 23 Mar 2009

Hyperinflation in Zimbabwe. 20 th Century Timeline.

Economics for Business II Day 11 – Some values (numbers) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

1 Taylor Rule and the Term Structure Objectives: 1.To understand the relation between central bank policy and long term interest rates. 2.Understand “news”

PowerPoint Slides prepared by: Andreea CHIRITESCU Eastern Illinois University Open-Economy Macroeconomics: Basic Concepts Principles: Chapter 31 1 © 2011.

AS Economics Tutor2u & Mrs G Tutor2u & Mrs G What is Inflation? AS Economics.

Copyright © 2006 Pearson Addison-Wesley. All rights reserved Introduction We saw how a single country can use monetary, fiscal, and exchange rate.

Measuring Economic Wellness: Another Method: Measuring Price Stability.

IT FOR FINANCIAL SERVICES IS356. Agenda What is Bitcoin? A digital currency that is created and exchanged independently of any government or bank. Bitcoin.

Review of U.S. Economy. Review of Macro Concepts Unemployment (Ch. 7) Inflation (Ch. 7) GDP (Ch. 8) Economic growth & determinants (Ch. 9) Money, central.

Ch 13 sec 3: Inflation Inflation is an extended rise in the economy’s overall price level. When prices rise, the dollar can buy less; thus, it.

1. Open market operations that effect the setting of interest rates in the economy (this has been covered) 2. Influencing the Exchange Rate of the Australian.

GLOBAL ECONOMICS (International Trade) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” Day 17 卜安吉.

GLOBAL ECONOMICS (International Trade) Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” Day 16 卜安吉.

16-1 Copyright © 2012 Pearson Prentice Hall. All rights reserved. C H A P T E R 16 The Dynamics of Inflation and Unemployment Copyright © 2012 Pearson.

CHAPTER 33 Inflation, Disinflation, and Deflation PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.

Opening Assume that there is an increase in the demand for money at every interest rate. Graph the effect this will have on equilibrium interest rate for.

Principles of Macroeconomics FALL 2011 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” Day 8 卜安吉.

Principles of Macroeconomics ECON 401 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

ECONOMICS: Principles and Applications 3e HALL & LIEBERMAN © 2005 Thomson Business and Professional Publishing Exchange Rates and Macroeconomic Policy.

Inflation Economics 120. Inflation Inflation – sustained rise in the general price level or a fall in the purchasing power of money Deflation – decrease.

Principles of Macroeconomics Special PowerPoint Dr. Andrew L. H. Parkes “The Federal Government’s Budget Constraint” 卜安吉.

BU204 - Macroeconomics Unit 8 Seminar. Key Term Assignment Fiat money M1 M2 FED Bank Reserves Federal funds rate FED discount rate Monetary policy.

Call to Order President Obama says that the government doesn’t have enough money to pay for all of the programs that he wants. Why doesn’t he just print.

Inflation, or ‘funny money’. This program was researched, written and illustrated by Bruce Ellison of the Albuquerque Coin Club Contents Copyright © 2011.

Hyperinflation & Discretionary MP Jill Student Jack Deskoccupier Dan Intheclouds Joanie Willgraduatesoon Austrian Economics May Term 2015 Professor Hal.

Money and Banking Day 2 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Gross Domestic Product (GDP) Gross Domestic Product (GDP) Gross National Product (GNP) Gross National Product (GNP) Inflation rate Inflation rate Poverty.

Financial Institutions and Markets Winter FIN 304 Dr. Andrew L. H. Parkes Day 16 “How do financial markets work?” 卜安吉.

Principles of Macroeconomics ECON 401 Day 8 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Principles of Macroeconomics Day 5 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Economics for Business II Day 10 - Solow Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉.

Copyright © 2009 Pearson Addison-Wesley. All rights reserved. Chapter 6 International Trade, Exchange Rates, and Macroeconomic Policy.

Did You Know?  Tug of War was an Olympic event between 1900 and  When basketball was first invented the hoops were a peach baskets with a bottom.

ZIMBABWE CURRENCY CASE STUDY. Zimbabwe Abandoned It’s own Currency in At that time, what was the exchange rate?

Economics for Business Day 18 – Hyperinflation Definition Dr. Andrew L. H. Parkes “Practical Understanding for use in Business” 卜安吉.

Module Types of Inflation, Disinflation, and Deflation KRUGMAN'S MACROECONOMICS for AP* 33 Margaret Ray and David Anderson.

AS Economics What is Inflation? AS Economics. By the end of this unit we’ll cover…

Financial Institutions and Markets Dr. Andrew L. H. Parkes Day 6 “How do financial markets work?” 卜安吉.

Mises Circle Greenville  Taxes  Borrow (implies a tax, inflation, or default later)  Inflate (seigniorage; tax on money holdings) 2.

ZIMBABWE CURRENCY CASE STUDY

3 Thoughts and Questions Day 15

ZIMBABWE CURRENCY CASE STUDY

Principles of Macroeconomics ECON 401

Macroeconomics Fall 2012 Hyperinflation Examples

Money Growth and Inflation

Bell Ringer What is something that you can remember being a lot less expensive when you were a kid?  

The Dynamics of Inflation and Unemployment Macroeconomics: Principles, Applications, and Tools O’Sullivan, Sheffrin, Perez 6/e. In a restaurant,

Lesson 9: Money & Inflation

Presentation transcript:

Principles of Macroeconomics Spring 2011 Dr. Andrew L. H. Parkes “A Macroeconomic Understanding for use in Business” 卜安吉

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day 172 Yugoslavia Hyperinflation : On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars : On January 24, 1994 the government introduced the super Dinar equal to 10 million of the new new Dinars.

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day 173 Zimbabwe Hyperinflation World-record hyperinflation last officially set at 231 million per cent. Sydney Morning Herald, World-record hyperinflation last officially set at 231 million per cent. Sydney Morning Herald, February 2, 2009: HARARE (Reuters) - Zimbabwe's central bank revalued its dollar again on Monday, lopping another 12 zeros off its battered currency to try to tame hyperinflation and avert total economic collapse. February 2, 2009: HARARE (Reuters) - Zimbabwe's central bank revalued its dollar again on Monday, lopping another 12 zeros off its battered currency to try to tame hyperinflation and avert total economic collapse.

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day 174

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day 175 Zimbabwe Hyperinflation Reserve Bank of Zimbabwe Governor Gideon Gono announced the new currency moves on Monday Reserve Bank of Zimbabwe Governor Gideon Gono announced the new currency moves on Monday "Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 percent in January to 658 billion percent in December. "Gono gave no updated inflation figures but said broad money supply growth rose from 81,000 percent in January to 658 billion percent in December.

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day 176 ONE HUNDRED TRILLION!! This recently printed One Hundred Trillion Dollar Zimbabwe note (above) use to buy only 300 America dollars. Now it's totally worthless.

May 24, 2011 Principles of Macroeconomics, Hyperinflation, Day Eggs Worth The 100 Billion Dollar Zimbabwe note (below) was said to have bought just three eggs.