Working with Data on House Prices Dean Garratt Stephen Heasell Division of Economics Nottingham Business School.

Slides:



Advertisements
Similar presentations
Enhancing the use of international data by students of economics Dean Garratt and Stephen Heasell Nottingham Business School 6 th September 2011.
Advertisements

Enhancing the use of international data by students of economics Dean Garratt and Stephen Heasell Nottingham Business School 6 th September 2011.
Engaging Students to Make Economic Sense of Data: Towards a Better Mix of Learning Resources DEE09 Wednesday 9th September 2009 Dean Garratt and Stephen.
Working with Data on Government Finances Dean Garratt Stephen Heasell Division of Economics Nottingham Business School.
Chart 1: Nominal House Price Levels (Q = 100) Sources: Department of Communities and Local Government (UK), StatBank Denmark (Denmark), Statistics.
Measuring Macroeconomic Variables
Lectures in Macroeconomics- Charles W. Upton Measuring Inflation.
Contemporary Engineering Economics, 4 th edition, © 2007 Meaning and Measure of Inflation Lecture No. 43 Chapter 11 Contemporary Engineering Economics.

1 CHAPTER SIX INFLATION. 2 INFLATION IN THE U.S. INFLATION –DEFINITION: the percentage change in a specific cost-of-living index at various points in.
Lecture No. 35 Chapter 11 Contemporary Engineering Economics Copyright © 2010 Contemporary Engineering Economics, 5th edition, © 2010.
Price Stability Average level of prices in the economy is neither increasing nor decreasing.
London’s Economy Today Issue 154 | June Moving average of passenger numbers Source: Transport for London.
L13: Equivalence Calculations under Inflation
 What is inflation? --a general upward movement in price of goods and services in an economy  What is deflation? --a general downward movement in.
Calculating % Change You buy a stock at $8 per share It is now at $10 per share What % gain did you make? Formula is: [(Ending Price – Beginning Price)
Capital Budgeting and Financial Planning Course Instructor: M.Jibran Sheikh Contact info:
L11: Measure of Inflation ECON 320 Engineering Economics Mahmut Ali GOKCE Industrial Systems Engineering Computer Sciences.
Section 2.4 ~ Index Numbers
Contemporary Engineering Economics, 6 th edition Park Copyright © 2016 by Pearson Education, Inc. All Rights Reserved Meaning and Measure of Inflation.
B.Batbayar Chief of Division Economic statistics of STATISTICS DEPARTMENT CAPITAL CITY POPULATION AND ECONOMIC ACTIVITIES OF CAPITAL CITY.
Chapter 11 Inflation and Unemployment Inflation  Is the general increase in the prices of goods and services in an entire economy.  For ex: an annual.
GPD and Changes in Price Level Chapter 13, Section 2.
London’s Economy Today Issue 149 | January Moving average of passenger numbers Source: Transport for London.
1 Inflation ©2006 South-Western College Publishing.
Economic Indicators. Gross Domestic Product GDP per Capita.
Chapter 13, Section 2 Price Indexes. Constructing a Price Index Used to measure changes in P. over time Created by selecting a base year and a representative.
Inflation: -Students will understand what economics looks at when evaluating price changes over time. -Students will understand what causes inflation.
Average Annual Premium Increases for Family Coverage,
Copyright © 2008 Pearson Education, Inc. Slide 3-1 Index Numbers An index number provides a simple way to compare measurements made at different times.
DataPost Federal Reserve Bank of San Francisco Economic Education & Outreach Inflation Measuring Price Changes Date last updated: December 7, 2015.
DataPost Federal Reserve Bank of San Francisco Economic Education Group Inflation Measuring Price Changes Date last updated: June 10, 2013.
Norges Bank Annual address Norges Bank Chart 1. Developments in GDP and interest rates year bond yield Key rate GDP Sources: Statistics.
Microeconomics and Macroeconomics FCS 3450 Spring 2015 Unit 2.
James W. Hughes, Dean 2011 Economic Overview. Length of Recessions in Months Since 1929 Source: National Bureau of Economic Research.
Standard SSEMA1b- Define CPI SSEMA1c- Calculate economic measures.
Correcting Stats for Inflation CHAPTER 13 SECTION 2.
Krugman/Wells Macroeconomics in Modules and Economics in Modules Third Edition MODULE 16 (52) Measuring Inflation Krugman/Wells.
Effects of Inflation on Project Cash Flows
Correcting Stats for Inflation & Aggregate Supply and Demand
London’s Economy Today
London’s Economy Today
London’s Economy Today
Consumer Price Indexes
GDP, Unemployment, Inflation

London’s Economy Today
13-2 GDP And Changes In The Price Level P.P
INFLATION (last update: October 2016)
How does GDP measure the state of the economy?
Exhibit 1.16 Average Premium Increases for Covered Workers with Family Coverage, * Percentage change in family premium is statistically different.
Correcting Stats for Inflation & Aggregate Supply and Demand
Working with Data on Household debt
INFLATION Part 1.
Republika Srpska Institute of Statistics, Director General
The Wisconsin Economy:
State Support State funding remains below pre-recession levels
ECONOMIC MEASUREMENTS Unit 2, Part 2
ECONOMICS Chapter 13.2: Correcting Statistics for Inflation Learning Target: Understand Inflation & how to measure it Success Criteria You should be.
Consumption and the Consumer Society
Correcting Statistics for Inflation
EQUIVALENCE CALCULATIONS UNDER INFLATION
FIGURE 11.1 GDP and the Circular Flow
INFLATION (last update: June 2014)
INTERNATIONAL INSTITUTE OF IFORMATION TECHNOLOGY, (I²IT)
Ch. 12, 13, and 17 Test is next Friday
Price Stability Average level of prices in the economy is neither increasing nor decreasing.
Average Annual Change Adjusted for Inflation is 5.3%
CTC 475 Review Replacement Analysis Insider View
Development of the World and the Finnish Economy
Presentation transcript:

Working with Data on House Prices Dean Garratt Stephen Heasell Division of Economics Nottingham Business School

Chart 1: Simple Average House Price Source: Department of Communities and Local Government

Chart 2: Annual Rate of House Price Inflation, % Source: Department of Communities and Local Government

Chart 3: Mix-Adjusted and Simple Average House Price Source: Department of Communities and Local Government

Chart 4: Annual Rate of House Price Inflation, % Source: Department of Communities and Local Government

Chart 5: Consumer Expenditure Deflator Source: National Statistics

Chart 6: Annual Rates of Inflation, % Source: National Statistics and Department of Communities and Local Government