This is a college lecture introduces the concept of Consumer Price Index (CPI). The lecture introduces this heavily used index with a bit of fun about which President was really the highest paid President when it comes to purchasing power.

Chapters:
00:00 Start
00:14 The President’s Salary
06:04 Basic Definitions
11:07 How BLS Defines CPI
13:51 Calculating CPI
22:55 3 Issues of Using Indexes
26:30 GDP Deflator vs CPI
30:11 Regional Differences in CPI
32:43 Indexation
34:33 Inflation and Interest Rates

I developed this lecture series to assist students who need a little extra help with the material. The lectures topics are based on one of the most popular college economic textbooks (there are 5 versions of the textbook) used in universities around the country and world.
As always, this is reference material and students should refer to their own course material and instructors.
Finally, I am not a professional video maker and do these from my home for my students but share with everyone to use to assist in passing their college courses. Please be positive, I do this out of the goodness of my heart and to help student’s reach their goal of being a college graduate!

свернуть