This course will provide an overview of the economic concept of inflation and its effects on the economy. It will cover topics such as the causes of inflation, the different types of inflation, and how inflation affects the prices of goods and services. Additionally, the course will discuss the impact of inflation on
The 2026 Iran war, including the closure of the Strait of Hormuz, has led to what the International Energy Agency has characterized as the "largest supply disruption in the history of the global oil market". The conflict has echoed the 1970s energy crisis through acute supply shortages, currency volatility, inflation and heightened risks of stagflation and recession. Interest rate reductions were expected to be postponed or conversely increased in light of higher inflation caused by supply shortages and speculation. Stock markets experienced declines globally and there was a global bonds market sell-off.