Module overview
The aim of this module is to provide an introduction to the theory and practice of price index numbers.
Aims and Objectives
Learning Outcomes
Learning Outcomes
Having successfully completed this module you will be able to:
- Understand the theoretical basis of index numbers and price statistics and their history of development
- Understand the practical techniques used to address challenging aspects of the subject
- Understand the practices used in index number calculations, particularly for consumer price indices
Syllabus
- The calculation of simple index numbers and their application
- Price, quantity and value
- Choice of index number formula
- Deflation and constant price
- The development of inflation measurement
Learning and Teaching
Teaching and learning methods
Teaching will be through a combination of lectures and independent study.
| Type | Hours |
|---|---|
| Teaching | 15 |
| Independent Study | 60 |
| Total study time | 75 |
Resources & Reading list
Internet Resources
Consumer Price Indices, a brief guide: 2017.
Journal Articles
O’Neill, R., Ralph, J. and Smith, P. A. (2018). The Rise and Rise of Inflation. Significance Magazine, 15(2 ).
Textbooks
Ralph, J., O’Neill, R. and Winton, J. (2015). A Practical Introduction to Index Numbers. Chichester: Wiley.
Assessment
Assessment strategy
Coursework assignment & ExamSummative
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Coursework assignment(s) | 50% |
| Exam | 50% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
| Method | Percentage contribution |
|---|---|
| Exam | 50% |
| Coursework assignment(s) | 50% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
| Method | Percentage contribution |
|---|---|
| Exam | 50% |
| Coursework assignment(s) | 50% |
Repeat Information
Repeat type: Internal & External