ECON1102 SUMMER SCHOOL 2012/2013 SUBMISSION QUESTION 1: DUE: FRIDAY 21 DECEMBER‚ 2012 BY 5PM. (i) Explain the concept of the consumer price index (CPI) and explain how it is measured. What is the latest CPI figures in Australia (Sept 2012) and what were the main factors influencing the CPI movements in this quarter. (ii) Is the CPI an accurate measure of inflation? Explain the importance of inflation when calculating the real interest rate. (iii) What are the economic
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Estimating the Purchasing Power Parity (PPP) of currencies using the Big Mac Index™ Table of Contents 1. Introduction 2. Purchasing Power Parity and Theory of one Price 3. Over/Under Valuation of currencies against the Dollar 5. Comparative analysis of the most overvalued to the most undervalued 6. Observation and Alternative indexes 7. Limitations 8. Appendix INTRODUCTION Purchasing power parity (PPP) is an important and critical topic in international economics. It arises when the
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INTO THE LIGHT STACY JUST DIED. IN A HORRIBLE CAR ACCIDENT. STACY’S WHOLE FACE WAS MUTILATED‚ THE BODY WAS TORN IN TO PIECES OF FLESH. STACY ENTERED THE AFTER LIFE. STACY COULD SEE NOTHING IT WAS COMPLETELY DARK. ANXIOUS TO FINALLY SEE WHAT ALL THE HYPE WAS ABOUT‚ STACY ENTERED A SUDDEN STATE OF HYPER SENSES. A HUGE VOICE ENTERED THE VOID AND COMMANDED STACY‚ “YOU!!! COME NOW‚ JUDGMENT IS UPON YOU.” THE DARKNESS DISAPPEARED. STACY WAS CONFRONTED WITH A HUGE LINE OF PEOPLE WAITING IN FEAR. UP AHEAD
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How are ETFs different from index funds? Comment on their popularity and the future of EFTs. The ETF’s have the following advantages over a index funds: 1. Support the same types of orders as stock‚ like: limited‚ best price‚ stop-loss‚ etc. 2. Can be purchased at any time through out the trading session‚ while the index funds net asset value only mark the end of each session. 3. The consequence of points 1 and 2 is that at the time of purchase will know exactly the price you will pay
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There were many interesting facts in the Upfront Magazine “The New Face of America.” The first one I found was that other races outnumber caucasian races‚ “The Census Bureau announced last spring that minority births-Hispanic‚ black Asian‚ American Indian‚ Native Hawaiian‚ Pacific Islander‚ and Alaska Native-now outnumber those of non-Hispanic whites.” Living in a region with dominantly white people‚ I didn’t realize that we made up less than half of our country’s population. Another interesting
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Symptoms Index The behaviors measured in the behavioral symptoms index are atypicality and withdrawal. Sarina’s behavioral symptoms index composite scale T-score from both Mrs. Doe and the teacher was 63‚ in the “at-risk” range. Sarina obtained and Average range in the atypicality and withdrawal section. Atypicality consists of the student’s tendency to behave in ways that are considered odd. Withdrawal consists of Sarina’s tendency to evade others to avoid social contact. Adaptive Skills Index The
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Body mass index or (BMI) is a key index that relates a person ’s body weight to their height. The body mass index is a person ’s weight in kilograms (kg) divided by their height in meters (m) squared. The National Institute of Health uses the body mass index to define normal weight‚ overweight and obesity. Overweight is considered is a person having a body mass index of 27.3% or more for women and 27.8 % or more for men. Obesity using the BMI index is defined as a BMI of 30 and above‚ which is
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Part I HPI To show that measuring overall sustainability and enjoyment of life is more important in order to progress as a species than measuring just profit or just production. Rank the countries of the world using criteria that accounts for life expectancy‚ economic footprint‚ and experienced well being Showing that the path towards a happy planet‚ and in turn happy humans‚ is all about balance between man‚ nature‚ and technology. 1. It quickly become apparent that most nations who are at
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The body mass index (BMI)‚ or Quetelet index‚ is a measure for human body shape based on an individual’s mass and height. Devised between 1830 and 1850 by the Belgian polymath Adolphe Quetelet during the course of developing "social physics"‚[2] it is defined as the individual’s body mass divided by the square of their height - with the value universally being given in units of kg/m2. † † The factor for UK/US units is more precisely 703.06957964‚ but that level of precision is not
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The Consumer Price Index (CPI) is designed to provide a broad measure of changes in retail prices experienced by Malaysian households as a group and should not be expected to exactly reflect the experience of any individual household. Laspeyres formula is used for calculating the index which is based on items that are locally consumed reflecting the spending habits of the average Malaysian. Thus the CPI is seen as a general indicator of the change in retail prices paid by households for goods and
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