What is Big Mac Index
Since 1986, The Economist has been publishing a price index known as the Big Mac Index. This index serves as an informal method of evaluating the purchasing power parity (PPP) between two currencies. Additionally, it serves as a test of the extent to which market exchange rates result in commodities costing the same in different nations. Essentially it “seeks to make exchange-rate theory a bit more digestible.” Through the use of this index, the relative cost of purchasing a Big Mac, which is a hamburger that is sold in McDonald's restaurants, is compared across the globe.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Big Mac Index
Chapter 2: Inflation
Chapter 3: Fast-food restaurant
Chapter 4: Purchasing power parity
Chapter 5: Exchange rate
Chapter 6: Big Mac
Chapter 7: Balassa-Samuelson effect
Chapter 8: Index (economics)
Chapter 9: Law of one price
Chapter 10: Penn effect
Chapter 11: Marshall-Lerner condition
Chapter 12: McDonald's
Chapter 13: Revaluation
Chapter 14: International dollar
Chapter 15: Christmas Price Index
Chapter 16: Currency intervention
Chapter 17: Relative purchasing power parity
Chapter 18: Fast food in China
Chapter 19: Russian financial crisis (2014–2016)
Chapter 20: KFC Index
Chapter 21: Hyperinflation in Venezuela
(II) Answering the public top questions about big mac index.
(III) Real world examples for the usage of big mac index in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Big Mac Index.
