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Tuesday, December 2, 2008
As a microeconomist, I don't spend much time talking to my students about price indices but once a year, I wish I did. That's because I always get such a geeky kick out of the Christmas Price Index, PNC's annual update of the cost to actually buy all the items in the song 12 Days of Christmas. The "cost of Christmas" is up 8.1% this year, to over $21,000 (driven again by the cost of swans-a-swimming). What I hadn't realized is that PNC's website also has some cool tools for teachers, including a Pin the Price Tag on the Gift game and and an Economics Trivia quiz. Definitely worth checking out...