-Currency Valuation with the Big Mac Index.

 

Watch the following Youtube Videos:
-Currency Valuation with the Big Mac Index.
-PPP (Purchasing Power Parity) Exchange Rates.

This week we want to explore the Law of One Price and the Theory of Purchasing Power Parity. We shall be using the Big Mac Index developed by the Economist to help illustrate these concepts.

YOUR POST MUST CONSIST OF AT LEAST 500 WORDS

Assignment:

1) Watch the Youtube videos mention before, then check and review the three Exchange Rate PowerPoint presentation from Week 2 Overview. Those are gonna be attached as: Article to be used.
2) Read the article from the Economist containing more recent information that the above video: "The Big Mac Index".
2) Read the problem from the text (pp. 237-238): "Should Big Macs Have the Same Price Everywhere?"
Required Textbook:
Hubbard, R. G., O’Brien, A. P. (2014). Money, Banking, and the Financial System (2nd ed). New York, NY: Pearson Education. ISBN: 9780132994910
3) Pick a currency and solve Problem 8.3, pp. 237-238 in the text (downloadable from step 2).
4) Use the interactive exchange rate information from the Economist to aid in your problem solving: "Global Exchange Rates, To Go."
5) Do additional research as appropriate (probably all you need is linked from the above steps).
6) Answer the question: Is the currency you selected over valued or under valued? Support your view with the data you developed using the steps above
8) Remember to use citations and references.
9) Remember to define terms as needed.

PLEASE MAKE SURE TO ADD THE REFERENCES ON THE ASSIGNMENT. IT’S VERY IMPORTANT TO GET MY GRADE.

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