Index Number and Theory:Tutorial

Semester 2: Tutorial

The goal of the course is to acquaint students with a variety of useful tools used in applied economics and econometrics. The main topics to be covered are following topic about Index Number and Theory.:


Early Approaches To Index Number Theory

Functional Equations

The Axiomatic Approach to Bilateral Index Number Theory

The Theory of the Cost of Living Index: The Single Consumer Case

The Theory of the Cost of Living Index: The Many Consumer Case Problems with the Theory of the Cost of Living Index

Problems with the Theory of the Cost of Living Index

The Use of Annual Weights in a Monthly Index

Fixed Base versus Chained Indexes

Two Stage Aggregation and Homogeneous Weak Separability

Elementary Indexes

Alternative Index Number Formulae using an Artificial Data Set

The Treatment of Owner Occupied Housing and Other Durables in a Consumer Price Index

The Economic Approach to the Producer Price Index

PPI Index Number Computations Using an Artificial Data Set

The Treatment of Seasonal Products

Appendix

Index Number-Past Progress and Problems for the Future