Simon Medcalfe - Augusta University. Augusta , GA, US

Simon Medcalfe Simon Medcalfe

Associate Professor of Finance | Augusta University

Augusta , GA, US

Dr. Simon Medcalfe is a highly-regarded finance expert and the Cree Walker Chair in the Hull College of Business.

What can the Big Mac tell us about our economy?

What can the Big Mac tell us about our economy? 2018-08-01
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Simon Medcalfe

McDonald’s is celebrating Big Mac’s 50th anniversary by giving away MacCoins, which customers can use to buy a Big Mac in 50 countries. The idea of creating this burger currency, according to the company, originated from the “Big Mac Index,” which The Economist has used since 1986 to compare real currencies across the globe.

Because McDonald’s has more than 36,000 restaurants in more than 100 countries, the price of its top-selling burger, locally produced in more than 80 countries, has been used to indicate the purchasing power of a country’s economy.

What does burgernomics tell us about our economy?

Dr. Simon Medcalfe is a professor of economics and finance at Augusta University and is available to discuss:

• How the Big Mac Index is calculated
• What the latest Big Mac Index says about the U.S. dollar and the U.S. economy
• Why the Big Mac has been called the nearly perfect commodity for currency comparison

Medcalfe has published academic articles in the areas of sports and health economics and economic education as well as contributed to labor economics and entrepreneurial finance textbooks.

Contact us to schedule an interview with Dr. Medcalfe or learn more about his expertise.

Source:
TODAY.com

The big mac is turning 50! here’s how to score a free mcdonald's burger

What's better than a big mac? a totally free big mac.

TODAY.com