Big Mac Index by Fouad Sabry

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.