Monthly Archives: February 2013

News bytes



Burger – o – nomics

It’s that time of year again when the Economist releases it’s annual “Big Mac Index”. If you’re a student of economics, politics, international relations or finance, you’ll probably have come accross this already, and most likely will have used it in an essay or two yourself. Since its inception in 1996 it has pretty much become synonamous with the theory of Purchase Power Parity (PPP), which seeks to compare the prices of identical baskets of goods in different countries.