Case Study 1:
The International Monetary Fund tracks many statistics. The following table is extracted from their World Economic Outlook, 2017. The data shows the annual percentage change in the CPI for each country. Clearly, there are some countries that have ongoing problems with very high inflation. Divide your class into five teams. Have each try to gather data on other aspects of one country’s economic performance. Make sure they include the level and growth rates of the money supply. The discussion should be lively.
Analyzing the meaning of boom with a suitable example.
Boom is a phenomenon that appears inside the business cycle. Boom will happen while the data has reached the peak or sudden increase in the indicator. For example, an economic boom has occurred during post world war 2.
景气是出现在商业周期内的一种现象。 当数据达到峰值或指标突然增加时，就会发生景气。 例如，第二次世界大战后发生了经济繁荣。
Discuss the way to analyze the size of the major corporation to the size of the country.
Circular flow， is about the relationship between the firms, government, and household. It investigates which party produces demand, product supply, provides funds, provides labor to which party, and form a trade and exchange cycle between different parties.
循环流动，是关于企业，政府与家庭之间的关系。 它调查哪一方向哪一方生产需求，产品供应，提供资金，提供劳动力，并形成不同各方之间的贸易和交换周期。
In the late 19th century the price level in the United States fell for more than two decades yet real incomes actually rose. Discuss the reason this situation happens in the U.S country.
The main problem was that world war 2 has caused the overall buying power and economy to go down, this has made the people make less effort to purchase the product. Directly, the sales in America also start to decrease continually and also the price level, the commodity price of America has dropped, such as the price of the goods, product, material. However, the salary of the people still remains, it's mean that people could purchase more products at the same price. This is why that the real income actually rose at that time.
主要问题是第二次世界大战导致整体购买力和经济下降，这使人们减少了购买产品的努力。 直接地，美国的销售也开始持续下降，并且价格水平，美国的商品价格已经下降，例如商品，产品，材料的价格。 但是，人们的薪水仍然保持不变，这意味着人们可以以相同的价格购买更多的产品。 这就是当时实际收入实际增加的原因。
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