Inflation - measuring the cost of living

Inflation and deflation. CPI-U. Real and nominal return. Phillips Curve.

Measuring cost of living --inflation and the consumer price index

We might generally sense that our cost of living is going up (inflation), but how can we measure it? This tutorial shows how it is done in the United States with the consumer price index (CPI).
7:32
Introduction to inflation
Basics of price inflation and the CPI (consumer price index)
7:28
Actual CPI-U basket of goods
Exploring the actual weightings for the CPI-U basket of goods
3:30
Inflation data
Looking at actual sequential and year-over-year inflation data

Real and nominal return

We think we're getting a certain return on our investments, but can we put it in terms of real purchasing power since the value of money is constantly changing? The answer is yes and this tutorial shows you how.
3:10
Real and nominal return
Inflation and real and nominal return
2:50
Calculating real return in last year dollars
Calculating real return in last year dollars
3:45
Relation between nominal and real returns and inflation
Relation between nominal and real returns and inflation

The Phillips curve: Inflation and unemployment

Economists have notices a correlation between unemployment and correlation (you may wan to guess what type of correlation). On some level, this tutorial is common sense, but it will give you fancy labels for this relation so that you can sound fancy at fancy parties.
9:38
Unemployment rate primer
Understanding how the headline unemployment rate (U-3) is calculated
8:47
Phillips curve
The observation that inflation and unemployment tend to be inversely correlated