Podcast: https://www.npr.org/2021/07/13/1015804773/how-do-you-measure-inflation

One of the student learning outcomes of this course is to "Engage in dialogue to discuss practical applications of market models and the merits of policychoices, especially as they may relate to concepts of socio-economic welfare (incomedistribution, job growth, labor conditions and wage equity, taxation, sustainable developmentetc.)"

Listen tothe podcastand learn how the CPI is calculated in practice from an actual employee of the BLS. Are you surprised at the difficulty of this work, and does this real world account help you in adding depth to your understanding from the lecture handouts on the price index?