Teaching Index Numbers to economists

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Economic statistics are frequently reported in the form of index numbers. This article considers how the field of Index Numbers should be approached in the teaching of a general economic degree. While the topic finds a natural home in statistics modules, it is emphasised that the area can also be referred to in the teaching of other areas of economics. It is also emphasised that the differences between Index Numbers theory and the practice of compiling economic statistics such as inflation can help students gain a better understanding of applied economic statistics. Methods for assessing learning in the area are also considered and available material to support teaching is also summarised.
Original languageEnglish
Article number1115625
Pages (from-to)1-10
Number of pages10
JournalCogent Economics & Finance
Volume3
Issue number1
DOIs
Publication statusPublished - 20 Nov 2015

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Economics
Statistics
Economists
Index numbers
Inflation
Module
Applied economics
Index number theory

Cite this

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title = "Teaching Index Numbers to economists",
abstract = "Economic statistics are frequently reported in the form of index numbers. This article considers how the field of Index Numbers should be approached in the teaching of a general economic degree. While the topic finds a natural home in statistics modules, it is emphasised that the area can also be referred to in the teaching of other areas of economics. It is also emphasised that the differences between Index Numbers theory and the practice of compiling economic statistics such as inflation can help students gain a better understanding of applied economic statistics. Methods for assessing learning in the area are also considered and available material to support teaching is also summarised.",
keywords = "Economics statistics, Index numbers, Official statistics, Inflation, Economic tools for teaching",
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Teaching Index Numbers to economists. / O'Neill, Robert.

In: Cogent Economics & Finance, Vol. 3, No. 1, 1115625, 20.11.2015, p. 1-10.

Research output: Contribution to journalArticle

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AU - O'Neill, Robert

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N2 - Economic statistics are frequently reported in the form of index numbers. This article considers how the field of Index Numbers should be approached in the teaching of a general economic degree. While the topic finds a natural home in statistics modules, it is emphasised that the area can also be referred to in the teaching of other areas of economics. It is also emphasised that the differences between Index Numbers theory and the practice of compiling economic statistics such as inflation can help students gain a better understanding of applied economic statistics. Methods for assessing learning in the area are also considered and available material to support teaching is also summarised.

AB - Economic statistics are frequently reported in the form of index numbers. This article considers how the field of Index Numbers should be approached in the teaching of a general economic degree. While the topic finds a natural home in statistics modules, it is emphasised that the area can also be referred to in the teaching of other areas of economics. It is also emphasised that the differences between Index Numbers theory and the practice of compiling economic statistics such as inflation can help students gain a better understanding of applied economic statistics. Methods for assessing learning in the area are also considered and available material to support teaching is also summarised.

KW - Economics statistics

KW - Index numbers

KW - Official statistics

KW - Inflation

KW - Economic tools for teaching

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DO - 10.1080/23322039.2015.1115625

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SP - 1

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JO - Cogent Economics and Finance

JF - Cogent Economics and Finance

SN - 2332-2039

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