Chapter 24: Measuring the Cost of Living

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  • Опубліковано 9 лют 2020
  • The Consumer Price Index (CPI) 1:30
    Calculating the CPI 3:34
    Numerical example 9:46
    Using the CPI to calculate the inflation rate 16:03
    Problems with using the CPI 20:45
    The CPI vs the GDP deflator 32:06
    How to adjust for inflation 34:56
    Indexation 42:28
    Real and nominal interest rates 44:23

КОМЕНТАРІ • 51

  • @meemansasuri4230
    @meemansasuri4230 3 роки тому +40

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    • @pinglu1510
      @pinglu1510 Рік тому

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    • @AdilAkylov22
      @AdilAkylov22 Рік тому

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    • @asbinchhetri8956
      @asbinchhetri8956 16 днів тому

      Good

  • @user-ws4pd2lp5p
    @user-ws4pd2lp5p 8 місяців тому +9

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  • @Shalommmm
    @Shalommmm 21 день тому +1

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    • @DrAzevedoEcon
      @DrAzevedoEcon  20 днів тому +1

      I'm glad you've found them helpful!

  • @alexandramarieiquina8237
    @alexandramarieiquina8237 3 роки тому +5

    Thank you for your work! This helps people a lot

  • @AsadHRana
    @AsadHRana 2 роки тому +6

    Thankyou Dr you’ve been a great a help to me and a great teacher. Learned a lot from you.

  • @touyeen1405
    @touyeen1405 8 днів тому

    Thank you a lot for your meaningful work, teacher💗

  • @saacidomar8752
    @saacidomar8752 2 роки тому

    Thank You So Much Professor Azevedo

  • @sethhhh
    @sethhhh 9 місяців тому +3

    u make it interested to learn, thank you a million!

  • @brandonpartidaguevara8350
    @brandonpartidaguevara8350 2 місяці тому

    Loved this video. Very helpful and easy to follow !

  • @rook839
    @rook839 3 місяці тому

    amazing video as always!

  • @Sammy-pk2sy
    @Sammy-pk2sy Рік тому +7

    Excellently explained !!

  • @user-jq9hh2xw3o
    @user-jq9hh2xw3o 3 місяці тому

    Thank you so much Dr Azevedo, your videos have really been of great help. All the way from Lesotho

  • @user-yu1rl9xn9k
    @user-yu1rl9xn9k 3 роки тому +1

    ur a life saver prof

  • @muhammadhamzaaijazi2976
    @muhammadhamzaaijazi2976 2 роки тому +3

    Thank you sir you are a legend

  • @khaingmye7353
    @khaingmye7353 Рік тому

    Thank you so much. I used to watch your videos for my MBA studies.

  • @affulkwekuisaac636
    @affulkwekuisaac636 11 місяців тому +4

    I got 'A' in my economics exams because of been watching the video if without reading textbook......i really appreciate you sir🎉❤🎉🎉🎉

    • @BandileMfeka
      @BandileMfeka 10 місяців тому +1

      Thank you Dr you're really helping us

    • @DrAzevedoEcon
      @DrAzevedoEcon  9 місяців тому +1

      I'm very happy to have helped! Thanks for watching!

  • @Eco-zaki
    @Eco-zaki Рік тому +1

    Thank you for the video. Your videos always help me and this one will do the same.

    • @DrAzevedoEcon
      @DrAzevedoEcon  Рік тому

      You're welcome!

    • @imlynhh652
      @imlynhh652 Рік тому

      @@DrAzevedoEcon thank you so much, I'm a Vietnamese student studying the Book of Mankiw and your videos do help me a lot. I can easily repeat your lecture to understand something that I've missed in class. Thank you! Appreciate your effort.

  • @haemosu5978
    @haemosu5978 Рік тому +1

    Thank you professor, you helped me a lot.

  • @nithinacademy1646
    @nithinacademy1646 Рік тому +1

    Such wonderful teaching

  • @anelyaersain1465
    @anelyaersain1465 2 роки тому

    thank you so much 🙏🏻🙏🏻

  • @chapafr
    @chapafr 2 роки тому +3

    reissss adammmsinnn

  • @aadityachandak9650
    @aadityachandak9650 Рік тому +1

    Very helpful 🙂👍

  • @abhishekpalankar9209
    @abhishekpalankar9209 2 роки тому

    Awesome

  • @ClaudiaSantos-mn2ch
    @ClaudiaSantos-mn2ch Місяць тому +1

    amazing :)

  • @shelledreptile5626
    @shelledreptile5626 2 роки тому +1

    you saved me

  • @nicolepasychny5084
    @nicolepasychny5084 3 роки тому +1

    Thank you so much for these lectures! this has helped me an incredible amount through my macroeconomics course. Just a question, in my version of the textbook this is chapter 6 for me. For chapter 7 it's called "production and growth', do you have a lecture like this already uploaded?
    Thanks again!!

  • @nguyenkhoa8942
    @nguyenkhoa8942 5 місяців тому

    thank you doctor but can you add some video about excercises, i really hope that you read my comment thank you alot doctor.

  • @arshadulamintuhin
    @arshadulamintuhin 2 роки тому

    How do you calculate CPI2018, 1931?

  • @user-rh7on1si8t
    @user-rh7on1si8t 3 місяці тому

    why we change the base year ?

  • @aykoaykobiyebiye204
    @aykoaykobiyebiye204 2 роки тому

    chapter 25 is hidden?

  • @jeffreylaryea8120
    @jeffreylaryea8120 10 місяців тому

    Hello professor, pls I need an answer to this question real quick, pls what should I do when a fix basket is not given and I was given different quantities on the various year?
    My learning mate thinks we need to just use the quantity given for various years but I keep saying we need to use the quantity of the base year as the fix basket
    Pls what is your final judgement on this
    Hoping to get a feedback soon
    Thank you

    • @DrAzevedoEcon
      @DrAzevedoEcon  10 місяців тому

      If the quantities change from one year to the next and you aren't given any information on what to use for the basket, then one option would be to use the quantities from the base year.

  • @avijeetswain7101
    @avijeetswain7101 Рік тому +1

    What is the difference between standard of living and cost of living

    • @DrAzevedoEcon
      @DrAzevedoEcon  Рік тому +1

      They are closely related. Standard of living simply refers to the quality of lifestyle that you experience, while cost of living refers to how much it cost to achieve that lifestyle.

  • @mertcanel9721
    @mertcanel9721 5 місяців тому

    42:10 my Turkish ass is laughing

    • @DrAzevedoEcon
      @DrAzevedoEcon  4 місяці тому

      That didn't age very well given recent history, did it.

  • @dhyeypatel463
    @dhyeypatel463 9 місяців тому

    20:12 labour☠️