Course
How money loses value
Work out what a number of pounds is actually worth — this year, and in twenty.
The shape of it
7 lessons
About 25 minutes in total. Your progress is kept on this device — no account, nothing sent anywhere.
Course complete
Put your name on it and print it, or save it as a PDF. Nothing is sent anywhere.
The lessons
A price is a swap
Tell apart a thing getting dearer and money getting weaker.
8 steps · about 4 min
Where new money comes from
Trace the chain from a bank loan to a higher price.
7 steps · about 4 min
The rate is a speed, not a level
Read an inflation rate as how fast prices climb, not how high they are.
7 steps · about 4 min
Doubling, and why it sneaks up
Work out how long a rate takes to halve what money buys.
7 steps · about 4 min
The rate you get and the rate you keep
Work out a real return from a stated one.
7 steps · about 4 min
Why your basket is not the official one
Explain why a measured average misses most households.
7 steps · about 4 min
What a central bank can and cannot do
Predict which kinds of price rise a rate rise will not touch.
7 steps · about 4 min