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Fundamentals of Purchasing Power Parities (PPPs) (Self-Paced)

Fundamentals of Purchasing Power Parities (PPPs) (Self-Paced)

Purchasing power parities (PPPs) are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives that show the ratio of the prices in national currencies of the same good or service in different countries. They make it possible to compare the gross domestic product (GDP) and component expenditures of economies in real terms by eliminating the price level differences between them. The price and national accounts expenditure data required to estimate PPPs are collected through the International Comparison Program (ICP). A global statistical initiative, the ICP estimates and publishes the PPPs of the world’s economies. Since the demand for comparable GDP and component expenditures is high, PPPs play a key role in the analyses carried out by policymakers, multilateral institutions, academia, and the private sector. Upon completing the course, the participants will be able to comprehend the key PPP concepts and data requirements; understand the ICP program; connect PPPs with their uses and applications; and grasp basics of PPP calculation methods and processes.

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Jesús Manuel

Submitted 4:10 pm, June 20, 2018

great

Ki

Submitted 3:26 pm, June 10, 2018

Interesting!

Nirere

Submitted 7:34 pm, May 17, 2018

Appreciation to the OLC for deloping this course.Understanding PPPs is comes to Africa after the recent ratification of the CFTA agreement which will draw solution to a common currency across the continent to improve the trade balances..... I have enrolled and look forward to join fellow learners to learn more the applicability to #EndPoverty.

Mohammad imran

Submitted 5:43 am, May 2, 2018

nice

Dr. Illakkuvan

Submitted 12:57 am, March 27, 2018

The participants will be able to comprehend the key PPP concepts and data requirements; Understand the ICP program;Connect PPPs with their uses and applications; and Grasp basics of PPP calculation methods and processes = Excellent Design Package!!

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