Introduction to index numbers .Uses. Laspeyres and Paasche. and the relative merits of each. Further
index numbers – Törnqvist, Walsh, Fisher and Geometric Laspeyres. Index aggregation. Deflation.
Re-basing. Chain Indices. Introduction to economic and social indicators. Definition and examples:
Indicators of development, poverty and inequality. Construction of indicators: simple v/s composite.
Variables selection. Problems of aggregation and choice of weight. Use of multivariate analysis.