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Develop an index that will rival the big mac index. Theory Explain the law of one price, ppp, overvaluation and undervaluation. 30% Criticisms Violations occurs:

Develop an index that will rival the big mac index.

Theory Explain the law of one price, ppp, overvaluation and undervaluation. 30%
Criticisms Violations occurs: Tariffs and quotas, Transaction costs, Difficulty in finding buyers for some goods, Noncompetitive & segmented markets, Sticky prices & Number of borders around country 50%
New idea A new index (corona index, make up index, etc) 20%

400-1000 words

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