Publication: Journal of Economic Education
Volume: Volume 34, No. 3
Issue: Summer 2003
Pages: 214-223
Author(s): Denise Hazlett (Whitman College) and Cynthia D. Hill (Idaho State University)
Address (Principal Author):Denise Hazlett
Department of Economics
Whitman College
345 Boyer Ave.
Walla Walla, WA 99362
Phone: (509) 527-5155
Fax: (509) 527-5026
Internet Address (Principal Author): hazlett@whitman.edu
Title: Calculating the Candy Price Index: A Classroom Inflation Experiment
Abstract: In this classroom experiment, students develop a price index based on candy-purchasing decisions made by members of their class. They use their index to practice calculating inflation rates and to consider the strengths and weaknesses of the Consumer Price Index (CPI).
To download a copy of this article, click here.