Calculating the Candy Price Index: A Classroom Inflation Experiment.

Hazlett, Denise; Hill, Cynthia D.

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Peer reviewed

ERIC Number: EJ679948

Record Type: Journal

Publication Date: 2003

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

EISSN: N/A

Calculating the Candy Price Index: A Classroom Inflation Experiment.

Hazlett, Denise; Hill, Cynthia D.

Journal of Economic Education, v34 n3 p214-23 Sum 2003

Outlines how students develop a price index based on candy-purchasing decisions made by class members. Explains that students used the index to practice calculating inflation rates and to consider the strengths and weaknesses of the consumer price index (CPI). States that the exercise has been used in introductory and intermediate macroeconomics classes. (JEH)

Descriptors: Active Learning, College Students, Economics, Economics Education, Higher Education, Inflation (Economics), Introductory Courses, Macroeconomics, Teaching Methods, Undergraduate Study

Publication Type: Guides - Non-Classroom; Journal Articles; Reports - Descriptive

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A