Inflation and Bubbles and Tulips: Crash Course Economics

The video explores inflation, its measurement, and impact on purchasing power. It explains how inflation is measured using the Consumer Price Index (CPI) and discusses different types of inflation, such as demand-pull and cost-push. The video also examines inflation in various countries, including Venezuela, Japan, and the US. Additionally, it covers economic bubbles, their causes, and historical examples like the housing bubble and Dutch Tulip Mania. The video concludes by emphasizing the importance of understanding inflation for negotiating real wages.

Explain the concept of demand-pull inflation.

What is a supply shock and how does it relate to inflation?

Describe the relationship between bubbles and inflation.

How can understanding inflation help in negotiating a raise?