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    Big Mac Index: The Global Economy Unveiled, Demystifying Finance with the Big Mac Index
    Big Mac Index: The Global Economy Unveiled, Demystifying Finance with the Big Mac Index
    Big Mac Index: The Global Economy Unveiled, Demystifying Finance with the Big Mac Index
    Ebook271 pages3 hours

    Big Mac Index: The Global Economy Unveiled, Demystifying Finance with the Big Mac Index

    By Fouad Sabry

    ()

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    About this ebook

    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.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateFeb 2, 2024
    Big Mac Index: The Global Economy Unveiled, Demystifying Finance with the Big Mac Index

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