Excellence MoneyAT THE SUMMIT, YOU WILL BE ABLE TO
EXCELLENCE MONEY
How the Economy Works
0/15STARS
0/15 stars lit
Read inflation, interest rates, jobs and growth like a pro (from the official sources) and turn every headline into a decision about your own plans.
2h 56m5 constellations
01Explain any price change with supply and demand
02Measure inflation (yours and the official rate) in real terms
03Follow money, banks and interest rates to your own loans and savings
04Read GDP, unemployment and recession headlines without being fooled
Every lesson of How the Economy Works
15 lessons in 5 levels, about 3 hours. Level 1 is free.
Level 1Markets and PricesFree · 3 lessons
- Why prices moveExplain a price change with supply and demand, and know what a shortage looks like.11 min
- Why trade helps both sidesUse opportunity cost to see why specializing and trading pays, even for someone better at everything.12 min
- Checkpoint: read a price storyAsk the three questions that make any price story clear.11 min
Level 2Inflation, MeasuredMembership · 3 lessons
- What inflation measuresUnderstand the basket, the year-on-year comparison and why weights matter.12 min
- Real versus nominalRead raises, rates and growth in real terms, and notice money illusion.11 min
- Checkpoint: why aim for 2%?Explain the 2% target, deflation and disinflation, and work out your personal inflation.13 min
Level 3Money, Banks and Central BanksMembership · 3 lessons
- Where money comes fromUnderstand how banks create money when they lend, and what limits them.11 min
- How interest rates travelFollow a central bank's rate decision to your loans, savings and prices.12 min
- Checkpoint: forecasts are hardRead forecasts as scenarios, spot base effects, and plan for a range.11 min
Level 4Growth, Jobs and RecessionsMembership · 3 lessons
- What GDP counts, and missesKnow what GDP measures, what it leaves out, and what it can't tell you.11 min
- Who counts as unemployedApply the international definition, and see how the rate can fall without new jobs.12 min
- Checkpoint: what makes a recessionJudge a downturn by depth, diffusion and duration, not by one rule of thumb.11 min
Level 5Read the EconomyMembership · 3 lessons
- Read economic headlinesCheck the period, the base and the adjustment behind any economic number.12 min
- What it means for youTranslate inflation, rates, jobs and growth into questions about your own plans.12 min
- Capstone: your economy briefingBuild a one-page briefing from official numbers, and the one decision it changes.14 min
AFTER THE CORE