Chapter 24: Measuring the Cost of Living

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

Пікірлер: 50

  • @meemansasuri4230
    @meemansasuri42303 жыл бұрын

    i found these lectures so helpful but was disappointed to find how less appreciation he is getting, the numbers of like does not justify his hard work.

  • @pinglu1510

    @pinglu1510

    Жыл бұрын

    You can donate money if you want

  • @AdilAkylov22

    @AdilAkylov22

    Жыл бұрын

    @@pinglu1510 i already asked him about donations, he do not accept any

  • @asbinchhetri8956

    @asbinchhetri8956

    13 сағат бұрын

    Good

  • @user-ws4pd2lp5p
    @user-ws4pd2lp5p8 ай бұрын

    This tutor is a legend in a couple of ways including; the tutorial is quiet easily intelligible, has a lot of employable information, fits to various programs of study even those that do not particularly measure economics but still find legible information from within and many. Economics is becoming more easier with deeds like this one.

  • @Shalommmm
    @Shalommmm5 күн бұрын

    Thank you so much, you have no idea how much these videos are saving my grades

  • @DrAzevedoEcon

    @DrAzevedoEcon

    4 күн бұрын

    I'm glad you've found them helpful!

  • @alexandramarieiquina8237
    @alexandramarieiquina82373 жыл бұрын

    Thank you for your work! This helps people a lot

  • @AsadHRana
    @AsadHRana2 жыл бұрын

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

  • @sethhhh
    @sethhhh8 ай бұрын

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

  • @saacidomar8752
    @saacidomar87522 жыл бұрын

    Thank You So Much Professor Azevedo

  • @brandonpartidaguevara8350
    @brandonpartidaguevara83502 ай бұрын

    Loved this video. Very helpful and easy to follow !

  • @Sammy-pk2sy
    @Sammy-pk2sy Жыл бұрын

    Excellently explained !!

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Glad to help!

  • @user-jq9hh2xw3o
    @user-jq9hh2xw3o2 ай бұрын

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

  • @muhammadhamzaaijazi2976
    @muhammadhamzaaijazi29762 жыл бұрын

    Thank you sir you are a legend

  • @rook839
    @rook8392 ай бұрын

    amazing video as always!

  • @user-yu1rl9xn9k
    @user-yu1rl9xn9k3 жыл бұрын

    ur a life saver prof

  • @anelyaersain1465
    @anelyaersain14652 жыл бұрын

    thank you so much 🙏🏻🙏🏻

  • @Eco-zaki
    @Eco-zaki Жыл бұрын

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

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    You're welcome!

  • @imlynhh652

    @imlynhh652

    Жыл бұрын

    @@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.

  • @khaingmye7353
    @khaingmye7353 Жыл бұрын

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

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Happy to help!

  • @haemosu5978
    @haemosu5978 Жыл бұрын

    Thank you professor, you helped me a lot.

  • @DrAzevedoEcon

    @DrAzevedoEcon

    11 ай бұрын

    Always glad to help!

  • @affulkwekuisaac636
    @affulkwekuisaac63611 ай бұрын

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

  • @BandileMfeka

    @BandileMfeka

    9 ай бұрын

    Thank you Dr you're really helping us

  • @DrAzevedoEcon

    @DrAzevedoEcon

    9 ай бұрын

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

  • @nithinacademy1646
    @nithinacademy1646 Жыл бұрын

    Such wonderful teaching

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Thank you!

  • @chapafr
    @chapafr2 жыл бұрын

    reissss adammmsinnn

  • @abhishekpalankar9209
    @abhishekpalankar92092 жыл бұрын

    Awesome

  • @aadityachandak9650
    @aadityachandak9650 Жыл бұрын

    Very helpful 🙂👍

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    Glad to help!

  • @arshadulamintuhin
    @arshadulamintuhin Жыл бұрын

    How do you calculate CPI2018, 1931?

  • @nicolepasychny5084
    @nicolepasychny50843 жыл бұрын

    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!!

  • @ClaudiaSantos-mn2ch
    @ClaudiaSantos-mn2ch16 күн бұрын

    amazing :)

  • @DrAzevedoEcon

    @DrAzevedoEcon

    13 күн бұрын

    Thank you!

  • @nguyenkhoa8942
    @nguyenkhoa89424 ай бұрын

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

  • @user-rh7on1si8t
    @user-rh7on1si8t2 ай бұрын

    why we change the base year ?

  • @aykoaykobiyebiye204
    @aykoaykobiyebiye2042 жыл бұрын

    chapter 25 is hidden?

  • @shelledreptile5626
    @shelledreptile56262 жыл бұрын

    you saved me

  • @jeffreylaryea8120
    @jeffreylaryea81209 ай бұрын

    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

    9 ай бұрын

    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 Жыл бұрын

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

  • @DrAzevedoEcon

    @DrAzevedoEcon

    Жыл бұрын

    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
    @mertcanel97214 ай бұрын

    42:10 my Turkish ass is laughing

  • @DrAzevedoEcon

    @DrAzevedoEcon

    4 ай бұрын

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

  • @dhyeypatel463
    @dhyeypatel4638 ай бұрын

    20:12 labour☠️