Unit 3: Index Number 

Week 4: (01 January to 07 January 2024)

Lecture 1. Introduction to Index Numbers

In this lecture, we will understand the concept, definition and use of Index Numbers.

Lecture 2. Problems in Construction of Index Numbers

In this lecture, we will understand the problems involved in the construction of Index Numbers.

Lecture 3. Notations and Methods in the Construction of Index Numbers

In this lecture, we will understand the notations, terminologies and Methods in the Construction of Index Numbers.

Lecture 4. Simple/Unweighted Price Index Number

In this lecture, we will learn two methods of developing Simple or unweighted Price Index Numbers.

Week 5: (08 January to 14 January 2024)

Lecture 1. Weighted Price Index Number I

In this lecture, we will learn weighted Price Index Numbers using aggregate method.

Lecture 2. Weighted Price Index Number II 

In this lecture, we will illustrate some examples to find weighted Price Index Numbers using aggregate method.

Lecture 3. Weighted Price Index Number III

In this lecture, we will learn weighted average of relatives method to develop Price Index Numbers.

Lecture 4. Quantity Index Numbers 

In this lecture, we will learn how to find Quantity Index Numbers using different methods.

Lecture 5. Miscellaneous Examples 

In this lecture, we will illustrate some other examples to find Index Numbers.