https://youtu.be/pbIhGTJe41k

https://youtu.be/2WwO9eGiKL0

https://youtu.be/ntKlSsSlumU

https://youtu.be/PNAr_4WXYtI

https://youtu.be/S5xqBK6s4bI

https://youtu.be/5XdYbmova_s

1. Watch the above videos, then download and review the three Exchange Rate PowerPoint presentations from Week 2 SupplementalResources.
2. Read the article from the Economist containing more recent information that the above video: http://www.economist.com/content/big-mac-index. You can also usehttps://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/ to obtain the Big Mac price in different countries.
3. Pick a currency (you can do all of the currencies listed or just pick one or pick a different currency entirely) and solve Problem 8.2, pp. 256-257 in the text. NOTE: To solve the problem you will need the Big Mac price in the currency you select and the current exchange rate. You can get the Big Mac price in your currency from Step 2 and the current exchange rate from Step 4. DoNOTuse the US Dollar price of a Big Mac in your selected currency from the Step 2 or Step 3 information, they are out of date and you need current data.
4. Answer the question: Is the currency you selected over valued or under valued? Support your view with the data you developed using the steps above