Big Mac Index, or what do prices in McDonalds tell us? [Video]

You don't have to like to know. McDonalds is the most popular restaurant in the world, and Big Mac is the most popular product in its offer. However, how did it happen that an economic indicator was created on the basis of this sandwich? A concept that was originally meant to be a joke, nothing Dogecoin in the world of cryptocurrencies, turned out to be very accurate and has been published in The Economist for over 30 years. What is Big Mac Index? This is what you will learn from the above material.

What will you learn from the video

• Big Mac Index - who created it and why?
• Inflation, purchasing power parity and hamburger,
• Interpretation method,
• what are the disadvantages of the index.

Useful links:

• Publication on The Economist
• Big Mac Index at Statisa.com

The partner of the educational cycle is Tickmill broker.