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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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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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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1. Economic order quantities calculations: In this case study‚ I use POQ to calculate Optimal Quantities to Order because some the parts are made by company’s plastic-molding machines in an assembly operations and units can be assumed that are received incrementally during production. We also have the following assumptions: - Only one item is involved because each type of toy has its own assembly line‚ only one toy can be assembled at a time on this line. - Annual Demand is known - Usage
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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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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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point of contact and solid customer-centric processes for new-vehicle owners during vehicle servicing are becoming increasingly important drivers of customer satisfaction‚ according to the J.D. Power Asia Pacific 2013 Philippines Customer Service Index (CSI) Study released today. Now in its 13th year‚ the study measures overall satisfaction among vehicle owners who visit an authorized service center for maintenance or repair work during the first 12 to 24 months of ownership based on five factors
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Acquiescence In Martin Luther King Jr.’s “Three Ways of Meeting Oppression” Dr. King gives us three ways in which oppressed people such as African Americans dealt with their oppression. The first one is acquiescence in which individuals let themselves get dragged into their own oppression. If one accepts their oppression it simply means that they are proving to the oppressor that one is inferior. The second way that oppression is dealt with is violence. Violence does not solve any issues within
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Should we get rid of summer? Should Florida go to a year round schooling schedule? No because‚ it will make it difficult to manage time for other activities and it is hard to finish tasks that are already started. Although it is hard to finish tasks and manage time for other activities‚ it gives students a break when they need one. So is a year round schooling schedule really necessary? First of all‚ it is difficult to manage time for other activities. It is hard for students to be doing after
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