And miles to go before I sleep.....And miles to go before I sleep.
IB economics@yELLOWSUBMARINER
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    • Why Study Economics?
  • CO 2023
    • HOME - Class of 2023
    • Submariner Resources (23)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Markets
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: market failure 2
      • 2.10 Market Failure (HL)
      • 2.11: theory of firm
      • 2.12: equity
    • Section 3: Macro >
      • 3.1 macro activity
      • 3.2 AD + AS
      • 3.3 macro objectives
      • 3.4 Inequality + Poverty
      • 3.5 monetary policy
      • 3.6 fiscal policy
      • 3.7 supply side
      • 13 Indices
    • Section 4: Global Economy >
      • 4.1 trade - why?
      • 4.2 trade protection 1
      • 4.3 trade protection 2
      • 4.4 integration
      • 4.5 exchange rates
      • 4.6 bop
      • 4.7 sustainability
      • 4.8 Measurement
      • 4.9 Barriers
      • 4.10 strategies
      • 13 Indices
    • 600 Dictionary List
    • Assessment >
      • Internal Assessment
      • Process Folio + Grading
      • Extended Essays
  • CO 2024
    • HOME - Class of 2024
    • Submariner Resources (24)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: Failure - Public Goods
      • 2.10 Failure Asymetric (HL)
    • 600 Dictionary List
    • Assessment >
      • Process Folio + Grading
      • Internal Assessment
      • Extended Essays
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    • Dictionary / Glossary
    • Process Folio + Grading
    • Unit 1: Introduction
    • Units 2: MICRO Business Firm + Mixed Market >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
    • Unit 3: Macroeconomics >
      • Macro Project
      • 3.1 GDP
      • 3.2 Inflation
      • 3.3 Unemployment + HDI
      • 3.4 Taxation + Inequality
      • 3.5 Indices
      • 3.3 HDI + Happy Planet Index
      • 3.5 AD + AS
    • Unit 4: Development + Trade
    • unit 5: Stockmarket
  • Example Bank - Newspapers
  • Example Bank - Video
  • HP 3 Bank
  • Revision - 8
    • Revision - 8 strategies
    • Dictionary-Lists
    • 23 Essential Diagrams
    • Big Ideas
    • Last minute Micro.com
    • Last minute Macro.com
    • Last minute Trade.com
    • Last minute Development.com
  • 'How to' in economics?
  • Survey
  • Conclusion: The End or maybe...the Start!



13 
                   Macro  Indices

Home
99
330 Big Ideas 3.3
IBQ
  13 Indices
  1. CPI (inflation) (3.3-100)
  2. OECD Better Life Index (3.1-88)
  3. Happiness Index (3.1-88)
  4. Happy Planet Index (3.1-88) (4.8-172)
  5. Human Development Index (HDI) (4.8-172)
  6. Multi Dimensional Poverty Index (3.4-108)
  7. Gini Coefficient index (Lorenz Curve) (3.4-106)
  8. Producer Price index (NOT IN SYLLABUS, BUT USEFUL)
  9. Consumer confidence index  (3.2-90) 3.5-121)
  10. Business confidence index  (3.2-90) (3.5-121)
  11. ​(GII) Gender Inequality Index (4.8-172)
  12. (IHDI) Inequality Adjusted Human Development Index (4.8-172)
  13. (PPP) BIG MAC INDEX  (3.1-85) (4.5-155)
  • ​
Welker@AS+AD
VID 3: OECD Better Life Index
VID 1: CPI - Consumer Price Index?
VID 3: Happiness Index
VID 11: (GII) INEQUALITY INDEX 
VID 8: PPI (PRODUCER PRICE INDEX)
IBQ HP3 Inflation (see Q3)
IBQ HP3 Income Taxes (see Q3)
VID 15: The Great Recession
VID 16: Rich country = Happy Country?
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VID 4: Happy Planet Index
VID 5: HDI (Human Development Index)
VID 10: Business Confidence Index
VID 12: INEQUALITY 
German Unemployment 2010-2017
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What is an index?

In economics an index takes 2 numbers and expresses the change between the 2 numbers in percentage terms.

​An index takes original data e.g. basket price of goods in an economy and expresses this original data as the base year. (This is equal to 100.) The new price for the Basket  is then used to calculate a percentage change. Take the  New basket price, subtract the Base Year price and divide this number by the Base year price . This number is then multiplied by 100 to get a percentage change. 
VID 14: How to calculate an index?
VID 6: MDI (Multi Dimensional Poverty Index)
VID 13: Big Mac Index
​ VID 7: Gini Coefficient (Index)
VID 9: Consumer Confidence Index

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