Inflation – Hyperinflation in Zimbabwe

This article is related to inflation in JC2 Macro Economics. What are the effects of inflation? How does that affect you? How can the government control inflation? Is it bad to have inflation?   Hyperinflation in Zimbabwe began shortly after destruction of productive capacity in Zimbabwe’s civil war and confiscation of private farms. During the height of inflation…


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Foreign Exchange – Japan’s forex diplomat rejects ‘currency war’ criticism

This article is related to foreign exchange in JC 2 Economics. This chapter is not taught in all JCs but….it is fundamental to understanding International Trade and protectionism. It is also important for understanding how trade will affect the aggregate demand where AD = C+I+G+X-M. What is a currency war? How is it related to foreign exchange and…


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Economic Growth – The Great Depression

This article is related to Economic Growth for JC 2 Economics. How do you think the Great Depression started? What would you do (if you are the Government) to alleviate your economy out of the Great Depression? Is it possible to prevent your country from entering a depression?   The Great Depression was a severe worldwide…


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