This paper presents a framework for thinking abaout the different types of spreadsheet modeling applications available for teaching economics. Spreadsheet applications are categorized by the degree to which students are involved in the spreadsheet's construction, and the degree to which students...

In 1996, the Bureau of Economic Analysis (BEA) changed the method used to calculate measures of real GDP from a Laspeyres or Paasche index to a Fisher ideal index, also called a chain-weight index. Even though this is a significant change in approach and has resulted in extensive revisions of...

It is shown that the component statistics of the HDI are highly correlated with one another. The paper demonstrates that an implication of this correlation is that a wide range of index weights produce indexes that are statistically identical to the HDI. Indexes with only two of the three HDI...