The aim of this course is to provide participants with a basic understanding of price indices, the outputs of the Prices business unit (of Statistics New Zealand) and the relationship/link to other units within Statistics New Zealand.
Prior to undertaking this course it is desirable (although not essential) that participants have attended the Introduction to Economics for Non-Economists course or have an equivalent understanding of economic concepts.
At the end module I, participants should be able to
- Understand the Prices unit structure (of New Zealand) and its work
- Describe what a price index is and its place in the economy
- Explain the basics of each price index output, including their main uses and coverage
- Discuss the differences between price, weight and index reference periods
- Interpret price index numbers, percentage changes and index points contribution.
At the end module II, participants should be able to
Understand common index formulae and their concepts
- Distinguish the differences between index formulae described in this module
Describe how a index formula can be applied Understand how a price index is constructed
Understand the process of developing and maintaining a price index.
Provider: Statistics New Zealand
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