Second semester

Price Index

The aim of this course is to present the theory of price indices and how they are calculated in practice using official public statistics indices.

1. General
1.1. Objectives of the price index
1.2. The price index family
1.3. The use of price indices
1.4. European regulations

2. The ideal index concept
2.1. Classic indices
2.2. The economic approach
2.3. The axiomatic approach
2.4. The stochastic approach

3. The conventional concept of indices
3.1 Representative consumer
3.2. The economic territory
3.3. Household consumption
3.4. Elementary periods 

4. Practical approaches
4.1. The statistical framework of price indices
4.2. New data sources
4.3. Index construction
4.4. Time series and chaining

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Not indicated