And miles to go before I sleep.....And miles to go before I sleep.
IB economics@yELLOWSUBMARINER
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  • 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)
      • 2.11: theory of firm
      • 2.12: equity
    • 600 Dictionary List
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      • Process Folio + Grading
      • Extended Essays
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    • 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 + Growth
      • 3.2 Inflation
      • 3.3 Unemployment + HDI
      • 3.4 Taxation + Inequality + Poverty
      • 3.5 Indices
      • 3.3 HDI + Happy Planet Index
      • 3.5 AD + AS
      • 3.6 sustainability
    • Unit 4: Development + Trade
    • unit 5: Stockmarket
  • Example Bank - Newspapers
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  • 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

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99
330 Big Ideas 3.3
IBQ
  13 Indices
  1. CPI (inflation) (3.3-100) (VID 4)
  2. OECD Better Life Index (3.1-88) (VID 3)
  3. Happiness Index (3.1-88) (VID 5)
  4. Happy Planet Index (3.1-88) (4.8-172) (VID 6)
  5. Human Development Index (HDI) (4.8-172) (VID 7)
  6. Multi Dimensional Poverty Index (3.4-108) (VID 8)
  7. Gini Coefficient index (Lorenz Curve) (3.4-106) (VID 9)
  8. Producer Price index (NOT IN SYLLABUS, BUT USEFUL) (VID 14) 
  9. Consumer confidence index      (3.2-90) (3.5-121) (VID 10)
  10. Business confidence index  (3.2-90) (3.5-121) (VID 11)
  11. ​(GII) Gender Inequality Index (4.8-172) (VID 15)
  12. (IHDI) Inequality Adjusted Human Development Index (4.8-172) (VID 16)
  13. (PPP) BIG MAC INDEX  (3.1-85) (4.5-155) (VID 13)
  • ​
VID 12: How to calculate an index?
IBQ HP3 Inflation (see Q3)
IBQ HP3 Income Taxes (see Q3)
VID 1: The Great Recession
VID 2: Rich country = Happy Country?
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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 8: MDI (Multi Dimensional Poverty Index)
VID 6: Happy Planet Index
VID 16: World Inequality Index
Welker@AS+AD
VID 3: OECD Better Life Index
VID 4: CPI - Consumer Price Index 
VID 5: Happiness Index 
VID 7: HDI (Human Development Index)
VID 11: Business Confidence Index
VID 14: Producer Price Index
VID 13: Big Mac Index
​ VID 9: Gini Coefficient (Index)
VID 10: Consumer Confidence Index
VID 15: Gender Equality Index

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