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Cost-of-living indices

Unit 8: Index NumbersTopic 5 of 6
Browse the Business Statistics syllabus

Business Statistics

13 units
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What the syllabus expects

  • Consumer price index
  • Aggregative-expenditure method
  • Family-budget method

Cost-of-living indices

Bachelor of Business Studies (BBS) — First Year

Subject: Business Statistics (MGT 202)

Unit 8: Index Numbers

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of cost-of-living indices.
  • Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

  • Consumer price index
  • Aggregative-expenditure method
  • Family-budget method

Detailed Microsyllabus

  1. Cost-of-living indices

    1. Purpose, basket, prices and expenditure weights.
    2. Consumer price index interpretation.
    3. Household and period comparability.

  2. Calculation methods

    1. Aggregative-expenditure method.
    2. Family-budget or weighted price-relative method.
    3. Interpret index movement without equating it to every household's experience.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 14-16.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here.