Choosing a Place to Travel based on Cost


Outline

  1. Overvalued and undervalued currencies
  2. Ten common countries in the cheapest countries listings
  3. Least expensive destination in the Eastern Hemisphere
  4. Least expensive destination in the Western Hemisphere
  5. Safety Factor
  6. What do you think of the Leffel quote

Overvalued and undervalued currencies

Using the formula in the Big Mac Index interactive site, how much is the Big Mac overvalued in the most expensive country, and how much is it undervalued in the least expensive? Which countries would be the cheapest for travel, and which would be the most expensive based on this index?

Ten common countries in the cheapest countries listings

Read the Leffel chapter and the other links provided to derive a list of the 10 cheapest countries for travel.

Least expensive destination in the Eastern Hemisphere

From this list, the Big Mac Index and the most inexpensive airfares, find the least expensive destination in the eastern hemisphere for a three-week trip. What criteria did you use to select the country? Insert airfare graphic that shows how you would get to the country. What would be the total cost of the trip?

Least expensive destination in the Western Hemisphere

From this list, the Big Mac Index and the most inexpensive airfares, find the least expensive destination in the eastern hemisphere for a three-week trip. What criteria did you use to select the country? Insert airfare graphic that shows how you would get to the country. What would be the total cost of the trip?

Safety Factor

Consider the safety factor in the destination you have chosen. Take a look the Global Peace Index rankings. Which country would be the safest?

What do you think of the Leffel quote:

"You'll learn far more than you ever did at a university.
Remember the old days when people got a liberal arts education? They went to Oxford or Princeton to learn about history, politics, social studies, geography, religion, foreign languages, and economics. Well you'll learn far more about all those things by traveling than you ever can in college. Ask anyone in their 30's how much they remember about these subjects from their university classes. "Not much" will usually sum it up."


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