This latest edition has been updated with comprehensive new notes and activities, all presented in a clear and logical sequence. It is designed to assist students with understanding the economic concepts and models required to prepare for assessments. A range of summative review questions builds up the student’s confidence for tackling the end of year examinations.

Contents
AS 91222: Analyse inflation using economic concepts and models (2.1)
1 Overview – price stability
2 Price and the price level
3 Real values
4 Impacts of inflation/deflation
5 Aggregate demand
6 Aggregate supply
7 Economic activity
8 Demand-pull/cost-push inflation
9 The business cycle
10 Quantity Theory of Money
11 Review (Exam) questions