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Sept 30

Sept 30. New GDP Estimate. Consumer Price Index Measurement Changes. The UNIVERSITY of VERMONT JANUS FORUM                      Monday October 5, 4-5:30pm       Grand Maple Ballroom, Davis Center, UVM Campus   $787 Billion:Stimulus orSedative A Debate Featuring

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Sept 30

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  1. Sept 30 New GDP Estimate • Consumer Price Index • Measurement • Changes

  2. The UNIVERSITY of VERMONT JANUS FORUM                      Monday October 5, 4-5:30pm       Grand Maple Ballroom, Davis Center, UVM Campus   $787 Billion:StimulusorSedative A Debate Featuring Jeffrey Miron, Ph.D. Senior Lecturer and Director of Undergraduate Studies Harvard University Senior Fellow, Cato Institute and Justin Wolfers, Ph.D. Associate Professor of Business and Public Policy University of Pennsylvania Senior Fellow, Brooking Institution Debate Moderator Emerson Lynn Editor and Publisher of the St. Albans Messenger Reception Immediately Following in the Livak Fireplace Lounge 5:30–6:30p.m.

  3. Exam 1 Friday October 2 in class Multiple choice Covers Ch 1-5, readings on syllabus, class materials, and emailed readings Old exam is online Justin does not have the exam questions or answers NOTE: Syllabus says Fall recess is Oct 7—it is Oct 9 Aplia Assignment Sunday and Guest Lecture Monday—Prof Justin Wolfers Janus Forum Debate Monday 4:00 Davis Center

  4. http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp2q09_3rd.pdfhttp://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp2q09_3rd.pdf http://www.npr.org/blogs/money/2009/09/halloween_holiday_sales_take_a.html

  5. Consumer Price Index • 50,000 households • 87 urban areas • 23,000 retail establishments • 96,000 items

  6. How Do People Spend? The CPI Basket

  7. How Do People Spend? The CPI Basket

  8. How is the CPI Calculated? See handout

  9. US Price Level 1774-1900

  10. US Inflation Rate 1900 - 2008

  11. US Price Level 1900 - 2008

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