In-Class Explorations of Macroeconomic Data
|
|
- Anis Bryan
- 6 years ago
- Views:
Transcription
1 In-Class Explorations of Macroeconomic Data Dean Croushore 1 1 Economics Department University of Richmond ABE, 2014 Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
2 Outline 1 Introduction 2 How to use FRED data 3 Differences between nominal and real variables 4 Noise versus signal 5 Understanding data revisions 6 Seasonal adjustment 7 Cross-country comparisons 8 Gains from looking at disaggregated data 9 How to measure the current state of the economy 10 How hard it is to engage in monetary policy in practice Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
3 Introduction Techniques for active classroom learning on-line, having students explore macroeconomic data Use of FRED data and a number of other data sources to help students understand where to find macroeconomic data and what it means Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
4 How to use FRED data Assign each student a macroeconomic variable (list on my web site) Plotting more than one variable Doing a transformation with another variable Levels versus growth rates; FRED alternatives Annual rates Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
5 Plotting more than one variable Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
6 Doing a transformation with another variable Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
7 Levels versus growth rates; FRED alternative units Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
8 Levels versus growth rates; FRED alternative units Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
9 Annual rates Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
10 Annual rates Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
11 Differences between nominal and real variables Assign each student a NIPA variable (list on my web site) Find both nominal and real versions in FRED Plot growth rates of both Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
12 Differences between nominal and real variables Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
13 Differences between nominal and real variables Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
14 Differences between nominal and real variables Note the different inflation rates for different variables These reflect differences in relative prices Have students note highest and lowest inflation periods for each variable Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
15 Differences between nominal and real variables When is looking at nominal variable most confusing? Should we look at nominal interest rates and nominal exchange rates? Or real versions of each? Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
16 Differences between nominal and real variables Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
17 Noise versus signal Assign each student a macroeconomic variable (list on my web site) Plot annualized growth rate Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
18 Noise versus signal Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
19 Noise versus signal Reduce noise with quarterly average Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
20 Noise versus signal Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
21 Noise versus signal Reduce noise more with percent change from year ago Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
22 Noise versus signal Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
23 Noise versus signal Reduce noise even more with percent change from year ago in quarterly average Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
24 Noise versus signal Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
25 Understanding data revisions Assign each student a variable for which the Philadelphia Fed has an initial release List on my web site: Variables for looking at data revisions Data are at: Use Excel to plot annualized growth rates of quarterly data Compare first, second, third releases to today s value Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
26 Understanding data revisions Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
27 Understanding data revisions Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
28 Understanding data revisions Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
29 Understanding data revisions Discuss the size of data revisions relative to growth rate itself For most variables, data revisions are not trivial Implication: all preliminary data are subject to potentially large revisions Don t trust data until they have undergone revisions Policy implication: don t overreact to preliminary data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
30 Seasonal adjustment Assign each student a variable for which there are both seasonally adjusted and not seasonally adjusted data List coming soon on my web site: Variables for looking at seasonal adjustment Compare seasonally adjusted to not seasonally adjusted data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
31 Seasonal adjustment Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
32 Cross-country comparisons Let each student pick a country Look at Penn World Tables: Have each student calculate real output per person based on PPP Compare across countries; note huge disparities Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
33 Gains from looking at disaggregated data Though we look at macro data, sometimes we learn from lower levels of aggregation Example: Labor force participation rate (LFPR) The LFPR has declined substantially in the past decade Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
34 Gains from looking at disaggregated data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
35 Gains from looking at disaggregated data Split students into groups to explore subgroups Gender: Males vs. Female Age groups: 16-19, 20-24, 25-54, 55 and over Schooling: Less than high school, high school, some college, college graduate Is retirement of baby boomers the main cause? Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
36 Gains from looking at disaggregated data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
37 Gains from looking at disaggregated data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
38 Gains from looking at disaggregated data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
39 Gains from looking at disaggregated data Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
40 How to measure the current state of the economy Explain basic idea of factor models X i t = α i F t + ɛ t Two main measures at Chicago Fed (CFNAI) and Philadelphia Fed (ADS) Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
41 How to measure the current state of the economy CFNAI Based on 85 monthly variables Monthly factor model in real time since Jan 2001 Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
42 How to measure the current state of the economy Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
43 How to measure the current state of the economy ADS Based on 6 variables, 1 quarterly, 4 monthly, 1 weekly Daily factor model in real time since December 2008 Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
44 How to measure the current state of the economy Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
45 How to measure the current state of the economy Project for students Give each student a month since January 2001 Students track real-time evolution of one index since that date Have them plot evolution of index over time This requires them to work with Excel to manipulate data; a good hands-on experience Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
46 How to measure the current state of the economy Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
47 How hard it is to engage in monetary policy in practice At end of semester, have students play San Francisco Fed Chairman Game sffed-education.org/chairman/ You are given a scenario and must decide how to respond with monetary policy Your performance over four years determines whether you are reappointed or not Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
48 How hard it is to engage in monetary policy in practice Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
49 How hard it is to engage in monetary policy in practice Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
50 How hard it is to engage in monetary policy in practice Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
51 Summary 1 How to use FRED data 2 Differences between nominal and real variables 3 Noise versus signal 4 Understanding data revisions 5 Seasonal adjustment 6 Cross-country comparisons 7 Gains from looking at disaggregated data 8 How to measure the current state of the economy 9 How hard it is to engage in monetary policy in practice Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
52 Summary 1 Students like exploring macroeconomic data in class 2 They need guidance from someone; they would not be able to do this on their own 3 Method is consistent with flipped classroom idea Dean Croushore In-Class Explorations of Macroeconomic Data ABE, / 52
THE RISE of the MILLENNIAL EMPLOYEE: A Paychex IHS Markit Small Business Employment Watch SPECIAL REPORT
THE RISE of the MILLENNIAL EMPLOYEE: A Paychex IHS Markit Small Business Employment Watch SPECIAL REPORT MILLENNIALS ARE NOW THE LARGEST GENERATIONAL EMPLOYEE GROUP WORKING IN THE SMALL BUSINESS SECTOR.
More informationDO CONSUMER CONFIDENCE INDEXES HELP FORECAST CONSUMER SPENDING IN REAL TIME? Dean Croushore. University of Richmond. January 2005
DO CONSUMER CONFIDENCE INDEXES HELP FORECAST CONSUMER SPENDING IN REAL TIME? Dean Croushore University of Richmond January 2005 Thanks to Lucrezia Reichlin, Peter Kugler, Todd Clark, Mark Doms, Richard
More information1 Preliminaries. 1.1 What is Macroeconomics?
1 Preliminaries 1.1 What is Macroeconomics? Letusstartfromadefinition of economics. Economics is the science concerned with interpreting and predicting social behavior in terms of the incentives and the
More informationMicroeconomics. Microeconomics. Lectures Jan 05&09; 2017
Microeconomics Lectures 01-02 Jan 05&09; 2017 On this course See the Course Description Why Microeconomics? We will discuss the following topics: The Themes of Microeconomics What Is a Market? Real versus
More informationDate of test/due date for study guide:
Economics Fall 2018 Unit 3A Macro Study Guide Name: Date of test/due date for study guide: Old topics that will be on this test: 1. Factors of Production: Explain and give examples of the 4 factors of
More informationConsumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time?
University of Richmond UR Scholarship Repository Economics Faculty Publications Economics 7-2006 Consumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time? Dean D. Croushore
More informationCOURSE SYLLABUS AND INSTRUCTOR PLAN
WACO, TEXAS COURSE SYLLABUS AND INSTRUCTOR PLAN Macroeconomics Econ - 2301 C6 Stan Mitchell Spring 2012 Course Description: Introduces the principles and policies of macroeconomics to include the practical
More informationThe Economy and Unemployment
The Economy and Unemployment Chris Foote Research Department Federal Reserve Bank of Boston June 26, 2017 Foote (Boston Fed) Economy and Unemployment June 26, 2017 1 / 32 Disclaimer: I do not speak for:
More informationAdvanced Placement Macroeconomics
Advanced Placement Macroeconomics I can be reached at Legacy High School at 817-299-1100 or by email at craigrabalais@misdmail.org. Website All pertinent information, dates of assignments due, and worksheets
More informationIt is a pleasure to discuss Richard Anderson
Commentary Dean Croushore It is a pleasure to discuss Richard Anderson and Charles Gascon s (29) article on their attempt to develop a state-space model to measure potential output growth in the face of
More informationINCREASE IN AGGREGATE DEMAND CAUSES
11 April, 2018 INCREASE IN AGGREGATE DEMAND CAUSES Document Filetype: PDF 270.02 KB 0 INCREASE IN AGGREGATE DEMAND CAUSES When we say the aggregate demand has increased we are actually describing a situation
More informationAP Macroeconomics. You can use whichever format you want. Web view is recommended -- the responsive design works seamlessly on any device.
AP Macroeconomics Instructor Mrs. Crisler Room 428 Office Hours 2:42-3:15 M,T,W,TH 2:00-3:15 F E-mail jcrisler@satsumaschools.com Phone 380-8190 Twitter Joy Crisler @ shsgovteach Economics : Macroeconomics
More informationCOURSE SYLLABUS AND INSTRUCTOR PLAN
WACO, TEXAS COURSE SYLLABUS AND INSTRUCTOR PLAN MACROECONOMICS BRIAN JOHNSON AN EQUAL OPPORTUNITY INSTITUTION SPRING 2016 Course Description: Introduces the principles and policies of macroeconomics to
More informationBasic Economic Concepts Objectives: - For students to understand the basic economic problem. - - For students be able to make rational economic choice
Basic Concept By. Asst.Prof. Amol S. Bavaskar Basic Economic Concepts Objectives: - For students to understand the basic economic problem. - - For students be able to make rational economic choices. -
More informationChapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
Chapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis Yulei Luo SEF of HKU March 31, 2015 Luo, Y. (SEF of HKU) ECON2102CD/2220CD: Intermediate Macro March 31, 2015 1 / 36 Chapter
More informationRETAIL TRADE Workforce Demographics
RETAIL TRADE Workforce Demographics Maryland Department of Labor, Licensing and Regulation Division of Workforce Development Office of Workforce Information and Performance 1100 N. Eutaw Street, Room 316
More informationChapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
Chapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis Yulei Luo SEF of HKU November 13, 2013 Luo, Y. (SEF of HKU) ECON2220: Macro Theory November 13, 2013 1 / 36 Chapter Outline
More informationIntroduction. ECON 30020: Intermediate Macroeconomics. Prof. Eric Sims. Fall University of Notre Dame
Introduction ECON 30020: Intermediate Macroeconomics Prof. Eric Sims University of Notre Dame Fall 2016 1 / 23 Our Objective 2 / 23 Introduction Macroeconomics: Better called aggregate economics Focus
More informationChapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis
Chapter 9: The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis Yulei Luo Econ HKU November 13, 2017 Luo, Y. (Econ HKU) ECON2220B: Intermediate Macro November 13, 2017 1 / 36 Chapter Outline
More informationXpertHR Podcast: Gender pay gap reporting - what we have learnt so far. Original XpertHR podcast: 19 th October 2018
XpertHR Podcast: Gender pay gap reporting - what we have learnt so far Original XpertHR podcast: 19 th October 2018 Welcome to this XpertHR podcast on gender pay gap reporting. I m Noelle Murphy and today
More information14th Meeting of Ottawa Group April 23, 2015
Communication mechanisms, accessibility and transparency of the data used in price indices in Mexico Authors: Jorge A. Reyes-Moreno, General Deputy Director of Price Indices; Rafael Posse- Fregoso. Information
More informationBetter connections: Attitudes towards product sampling. September 2015
Better connections: Attitudes towards product sampling September 2015 Contents p2 p3 Methodology Audience segments p4-5 Executive summary p6 p7 p8 People love receiving product samples! How often do Australians
More informationShort-Run & Long-Run Effects on the economy. A.P. Economics Unit 5: Stabilization Policies Ms. Trimels
Short-Run & Long-Run Effects on the economy A.P. Economics Unit 5: Stabilization Policies Ms. Trimels Short-run effects on Aggregate Demand Aggregate Demand will either increase or decrease following any
More informationFull Employment. EQ: What is Full Employment? EQ: How is Full Employment Measured? EQ: What are the 3 Macroeconomic Goals?
Full Employment Standard 2b: Students will identify full employment as one of the three primary economic goals, why it is important, how it is measured, and distinguish among full employment, the natural
More informationWoking. q business confidence report
Woking q1 business confidence report Woking q1 report headlines saw a new record in company registrations in Woking when compared to any previous. was a record quarter for company registrations in Woking
More information4 easy ways to modify your K-12 recruiting to attract more diverse candidates
4 easy ways to modify your K-12 recruiting to attract more diverse candidates Diversity is emerging as the new majority in the U.S., which presents today s K-12 recruiters with a unique opportunity. The
More informationAP Macroeconomics Course Syllabus
AP Macroeconomics 2018-2019 Course Syllabus I. Course Description Macroeconomics is designed to promote an appreciation and understanding of economics as a discipline, including the concepts and theories
More informationSKILL GAPS: A CONTINUED CRITICAL PROBLEM
SKILL GAPS: A CONTINUED CRITICAL PROBLEM Breakfast in Business Dean Womer and Steve Finkelstein Prepared by: University of Missouri St. Louis College of Business Administration 1 Today s Messages Skills-Gaps
More informationDiscussion of The Inflation Persistence Project. Robert G. King Boston University, NBER, and Federal Reserve Bank of Richmond
Discussion of The Inflation Persistence Project Robert G. King Boston University, NBER, and Federal Reserve Bank of Richmond Intellectual currents of last decade Substantial research investigating the
More informationA Planned Course Statement for. Economics, AP. Length of Period (mins.) 41 Total Clock Hours: 123. Periods per Cycle: 6 Length of Course (yrs.) 1.
East Penn School District Secondary Curriculum A Planned Course Statement for Economics, AP Course # 266 Grade(s) 12 Department: Social Studies Length of Period (mins.) 41 Total Clock Hours: 123 Periods
More information2. Three Key Aggregate Markets
2. Three Key Aggregate Markets 2.1 The Labor Market: Productivity, Output and Employment 2.2 The Goods Market: Consumption, Saving and Investment 2.3 The Asset Market: Money and Inflation 2.1 The Labor
More informationCollege: Department: Course ID: Full Course Description: Course ID: Full Course Description: Course ID: Full Course Description: Course ID:
٢٠١٤٩٥ Description: Special Topics This course is designed in a form of a workshop to conduct a thorough study and discussion of some topics on economics. ١٥٠٢٠١٧١٣ Description: Microeconomics a ٢٢٠١٣٣٥
More informationThe Principles and Practice of Economics
Chapter 1 The Principles and Practice of Economics Questions 1. Why do we have to pay a price for most of the goods we consume? The inputs we use to produce most goods and services (for example, capital
More informationAGGREGATE DEMAND CURVE. Dongpeng Liu Department of Economics Nanjing University
AGGREGATE DEMAND CURVE Dongpeng Liu Department of Economics Nanjing University FROM SHORT-RUN TO INTERMEDIATE-RUN Up to now, the models we have discussed are short-run models Income expenditure model Liquidity
More informationDiscussion of Human Capital Acquisition and Occupational Choice: Implications for Growth and Inequality by Mestieri, Schauer & Townsend
Discussion of Human Capital Acquisition and Occupational Choice: Implications for Growth and Inequality by Mestieri, Schauer & Townsend Francisco Buera Chicago Fed December 16, 2015 General Comments Ambitious,
More informationTHE CONFIGURATION OF LABOR MARKET IN ALBANIA AND ITS CHALLENGES
130 Journal of Economic and Social Development, Vol. 3, No. 1, 2016 THE CONFIGURATION OF LABOR MARKET IN ALBANIA AND ITS CHALLENGES Matilda Veliu University of Vlora Ismail Qemali, Albania matildaveliu@gmail.com
More informationTHE HOTEL INVENTORY. Web Traffic. Powered by First Quarter Stats. Pageviews: 175,459 Visits: 32,606 Avg. Visit Duration: 3m 59s
Connecting Hotel Buyers and Sellers Web Traffic Powered by 2013 First Quarter Stats Pageviews: 175,459 Visits: 32,606 Avg. Visit Duration: 3m 59s 70000 52500 35000 Monthly Pageviews Q1 2013 January: 45,246
More informationPROOF. Five Answers, most decision makers can t get their hands on. A publication from Acumen. Copyright 2014 Acumen Information Systems
Five Answers, most decision makers can t get their hands on. A publication from Acumen Copyright 2014 Acumen Information Systems TABLE OF CONTENTS 01. Inventory Accuracy 02. Preventative Maintenance 03.
More informationTalent Management 2017
Talent Management 2017 Jason Corsello Vice President, Knowledge Infusion Erik Berggren Director SuccessFactors Global Research 1 Our Mission Is Clear We work with recognized thought leaders that share
More informationChapter 3. Productivity Output and the Demand and Supply of Labour. Copyright 2009 Pearson Education Canada
Chapter 3 Productivity Output and the Demand and Supply of Labour Copyright 2009 Pearson Education Canada A bit of a review What have we covered so far: A broad brush picture of what some key variables
More informationUnderstanding Social Media
Understanding Social Media June 29, 2010 Goals For Today Give you a better understanding of the scope of Social Media If you are new to Social Media, help you get started If you are already active in Social
More information2001 CUSTOMER SATISFACTION RESEARCH TRACKING STUDY
2001 CUSTOMER SATISFACTION RESEARCH TRACKING STUDY FINAL REPORT Prepared For: Newfoundland & Labrador Hydro Hydro Place, Columbus Drive P.O. Box 12400 St. John s, NF A1B 4K7 Prepared By: www.marketquest.ca
More informationUnleashing the Power of Women
Unleashing the Power of Women HOW TO LEVERAGE THEIR UNIQUE STRENGTHS Jack Zenger, CEO Zenger Folkman Urgent Need For Leadership 60% of companies facing leadership shortages that impede their performance
More informationAgenda. Background Objectives & Methodology The Segments Highlights of Results Questions/Discussion Ipsos 2
Minnesota Lottery 18-34 Year Old Segmentation Study JASON ALLSOPP IPSOS DARCEN ESAU IPSOS DON FEENEY MINNESOTA LOTTERY PAUL LAUZON IPSOS TODD MAKI MINNESOTA LOTTERY ROSE WONG - IPSOS 2016 Ipsos 1 Agenda
More informationPine View School 1Python Path Osprey, Florida (941) Fax: (941)
Pine View School 1Python Path Osprey, Florida 34229 (941) 486-2001 Fax: (941) 486-2042 http://www.sarasota.k12.fl.us/pvs/ Stephen P. Covert, Ph.D., Principal Brian Dorn, Assistant Principal Sue Fair, Assistant
More informationTHE RESPONSES OF INTERNET RETAIL PRICES
THE RESPONSES OF INTERNET RETAIL PRICES TO AGGREGATE SHOCKS: A HIGH-FREQUENCY APPROACH Yuriy Gorodnichenko UC Berkeley & NBER Viacheslav Sheremirov FRB Boston Oleksandr Talavera Swansea U November 2017
More informationCHAPTER 1. PRELIMINARIES
CHAPTER 1. PRELIMINARIES Read Pindyck and Rubinfeld (2013), Chapter 1 Microeconomics, 8 h Edition by R.S. Pindyck and D.L. Rubinfeld Adapted by Chairat Aemkulwat for Econ I: 2900111 1/7/2015 CHAPTER 1
More informationLinking Forecasting with Operations and Finance. Bill Tonetti November 15, 2017 IIF Foresight Practitioner Conference
Linking Forecasting with Operations and Finance Bill Tonetti November 15, 2017 IIF Foresight Practitioner Conference About the Speaker Bill Tonetti Founding Member, Foresight Practitioner Advisory Board
More informationEducation and the Structure of Informal Firms in Latin America (Short Note)
World Bank From the SelectedWorks of Mohammad Amin June 1, 2011 Education and the Structure of Informal Firms in Latin America (Short Note) Mohammad Amin Available at: https://works.bepress.com/mohammad_amin/37/
More informationBusiness Cycle Theory Revised: March 25, 2009
The Global Economy Class Notes Business Cycle Theory Revised: March 25, 2009 We ve seen that economic fluctuations follow regular patterns and that these patterns can be used to forecast the future. For
More informationAnalyzing the Effect of Change in Money Supply on Stock Prices
The Park Place Economist Volume 15 Issue 1 Article 16 2007 Analyzing the Effect of Change in Money Supply on Stock Prices '07 Illinois Wesleyan University Recommended Citation Maskay '07, Biniv (2007)
More informationCalculating Growth Rates
Calculating Growth Rates This module teaches how to calculate various measures of growth including simple growth, growth rates based on two changing variables, average annual return, compound average annual
More informationAgenda. The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis, Part 3. Disequilibrium in the AD-AS model
Agenda The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis, art 3 rice Adjustment and the Attainment of General Equilibrium 23-1 23-2 General equilibrium in the AD-AS model Disequilibrium
More informationUNIVERSITY OF ENGINEERING AND MANAGEMENT, JAIPUR Lecture-wise Plan Subject Name: STRATEGIC MANAGEMENT Year: 2nd Year Module Numbe r
Subject Name: STRATEGIC MANAGEMENT Year: nd Year Module Topics Numbe r Chapter : Nature of Business Policy and Strategic Management Subject Code: BBA-0 Semester: rd Numbe r of Lecture s 0L. An Introduction,
More informationDATA SEGMENTATION POWERHOUSE MICHELLE LELEMPSIS, CAUSEIS. Michelle Lelempsis Lead Solutions Consultant
MICHELLE LELEMPSIS, CAUSEIS YOUR PRESENTER I LOVE DATA Michelle Lelempsis Lead Solutions Consultant Worked with imis for over 12 years Data Analyst by default! Help organisations drive decisions through
More informationCan differences in industrial structure explain divergences in regional economic growth?
Can differences in industrial structure explain divergences in regional economic growth? By Beverley Morris of the Bank s Conjunctural Assessment and Projections Division. During the early to mid-199s,
More informationLaunching successful women s initiatives in your firm
AICPA Women s Initiatives Executive Committee Frequently asked questions Launching successful women s initiatives in your firm Why it matters Why should leaders care about gender diversity? Developing
More informationCHAPTER 1. PRELIMINARIES
CHAPTER 1. PRELIMINARIES Read Pindyck and Rubinfeld (2013), Chapter 1 Microeconomics, 8 h Edition by R.S. Pindyck and D.L. Rubinfeld Adapted by Chairat Aemkulwat for Econ I: 2900111 1/6/2017 Instructions
More informationHOW TO HANDLE DISRUPTIVE EVENTS MANAGING RISKS AND OPPORTUNITIES BUSINESS SWEDEN
HOW TO HANDLE DISRUPTIVE EVENTS MANAGING RISKS AND OPPORTUNITIES BUSINESS SWEDEN HOW TO HANDLE DISRUPTIVE EVENTS A company that is present on many markets will certainly be affected by crises or major
More informationSKILLS GAP Report April 28, 2010
SKILLS GAP Report April 28, 2010 Prepared by: University of Missouri St. Louis College of Business Administration 1 Background Information Other Studies 2 NEW GRADS ILL-PREPARED A skills gap among newly-hired
More informationIFS UKI GENDER PAY GAP REPORT JO HILL AND JO RAZZAQ Payroll Manager UKI and Snr HRD Europe
IFS UKI GENDER PAY GAP REPORT 2018 JO HILL AND JO RAZZAQ Payroll Manager UKI and Snr HRD Europe EXECUTIVE SUMMARY Analysis and Results: The Ordinary pay gap remains static compared to the previous report
More informationThe Changing (Dis-)Utility of Work
The Changing (Dis-)Utility of Work Greg Kaplan, University of Chicago and NBER Sam Schulhofer-Wohl, Federal Reserve Bank of Chicago The views expressed herein are those of the authors and not necessarily
More informationLecture 10: THE AD-AS MODEL Reference: Chapter 8
Lecture 10: THE AD-AS MODEL Reference: Chapter 8 LEARNING OBJECTIVES 1.What determines the shape of the aggregate demand (AD) curve and what factors shift the entire curve. 2.What determines the shape
More informationCADE Finance and HR Reports. Administrative Staff Leadership Conference Presenter: Mary Jo Kuffner, Assistant Director Administration
CADE Finance and HR Reports Administrative Staff Leadership Conference Presenter: Mary Jo Kuffner, Assistant Director Administration 1 What Schools and Colleges are Doing to Develop Effective Management
More informationThe Micro and Macro of Job Polarization
Matias Cortes (University of Manchester) Nir Jaimovich (Duke University) Christopher J. Nekarda (Federal Reserve Board) Henry E. Siu (University of British Columbia) IZA Workshop on the Future of Labor
More informationChapter 9 Shocks. Spring 2014 Sanjay K. Chugh 145
Chapter 9 Shocks The demand and supply relationships in the frameworks we have studied have been developed from microeconomic foundations, which, in general, are optimizations of some objective function
More informationArchimedean Upper Conservatory Economics, October 2016
Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The point on a business cycle when real gross domestic product stops rising and begins falling is a(n):
More informationKnow Your Labor Market Suitability & Demographics Attributes Brian Corde Bradley Migdal
Know Your Labor Market Suitability & Demographics Attributes Brian Corde Bradley Migdal Why is labor so important? The labor participation rate has been steadily decreasing since it s peak in 2000. Why
More informationCici Mattiuzzi Director, Career Services Office, College of Engineering and Computer Science
Sacramento Region Engineering Workforce Cici Mattiuzzi Director, Career Services Office, College of Engineering and Computer Science David Lyons Labor Market Analyst, California Employment Development
More informationPutting in the work from the Superintendent s View Working with the Board of Education.
Putting in the work from the Superintendent s View Working with the Board of Education. DR. JESSICA HUIZENGA 19 years in Public Education 1997 graduate of Erskine College in Due West, South Carolina with
More informationGENDER PAY GAP REPORT 2018
HOME DEFINITION GROUP RESULTS DC THOMSON RESULTS ABERDEEN JOURNALS RESULTS WHY ACTION PLAN NEXT STEPS > GENDER PAY GAP REPORT 2018 This report contains our April 2017 to April 2018 results and
More informationEconomics 120 Phone: FALL 2014 Office: D-413
The mission of the Economics/Geography Department is to be a leader and partner in meeting the intellectual, cultural, technological, workforce and economic development needs of our diverse community.
More informationApplied Microeconometrics I
Applied Microeconometrics I Lecture 5: Identification based on observables (continued) Tuomas Pekkarinen Aalto University September 25, 2018 Lecture Slides 1/ 31 Applied Microeconometrics I Reminder: Interpreting
More informationWater System Revenues
Water System Revenues Glenn Barnes Environmental Finance Center The University of North Carolina at Chapel Hill 919-962-2789 glennbarnes@sog.unc.edu Session Objectives Understand how to pay for the costs
More informationLegal Risks For Consumer Products Cos. In 2018: Part 1
Portfolio Media. Inc. 111 West 19 th Street, 5th Floor New York, NY 10011 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com Legal Risks For Consumer Products Cos. In
More informationWhy Learn Statistics?
Why Learn Statistics? So you are able to make better sense of the ubiquitous use of numbers: Business memos Business research Technical reports Technical journals Newspaper articles Magazine articles Basic
More informationEmployers interested in considering the importance of flexibility, control, autonomy, and learning opportunities for older workers.
Introduction This report is the first in a series of Research Highlights published by the Center on Aging & Work/Workplace Flexibility in collaboration with the Families and Work Institute that present
More informationThe Billion Prices Project Research and Inflation Measurement Applications
The Billion Prices Project Research and Inflation Measurement Applications Alberto Cavallo MIT June 2014 Micro Price Data in Macroeconomics Data Sources Statistical Offices (CPI, PPI, IPI) Scanner Data
More informationCenter for Information Technology & ebusiness IT EXECUTIVE EXCHANGE. IT Recruiting and Retention November 4, 2005
Executive Summary Center for Information Technology & ebusiness IT EXECUTIVE EXCHANGE IT Recruiting and Retention November, Firms who now wish to recruit IT personnel face many challenges, including: how
More informationMarkup and Price Dynamics: linking micro to macro
Markup and Price Dynamics: linking micro to macro Jan De Loecker 1 Catherine Fuss 2 Jo Van Biesebroeck 1 1 KU Leuven and CEPR 2 National Bank of Belgium National Bank of Belgium Understanding inflation
More informationQUANTIFYING THE BUSINESS IMPACT OF CUSTOMER SERVICE
December 2018 Sponsored by Introduction Irritating issues affect customers daily. In every industry a customer will inevitably contact customer service to voice a problem. I ve bought your product but
More informationAssessing Customer Satisfaction with Vocational Rehabilitation Programs
Assessing Customer Satisfaction with Vocational Rehabilitation Programs Dr. Mary Stutzman, Director FSU Survey Research Laboratory Presentation at the Quarterly Meeting West Palm Beach, September 14 16
More informationDAPRESY PRO AGGREGATED
DAPRESY PRO AGGREGATED AGGREGAT SURVEY DATA FORMAT GUIDE July 2013 www.dapresy.com Dapresy Pro Aggregated Survey Data Format Guide Page 1 of 9 INDEX 1 Introduction... 3 2 Format... 4 3 Process... 6 3.1
More informationPrinciples of Economics
GLOBAL EDITION Principles of Economics The Eleventh Edition of the best-selling is a blend of the latest economic theory, institutional material, and real-world applications. It is an accessible introduction
More informationLearning Objectives. Module 7: Data Analysis
Module 7: Data Analysis 2007. The World Bank Group. All rights reserved. Learning Objectives At the end of this module, participants should understand: basic data analysis concepts the relationship among
More informationOverview. historical comparisons in the future.
Gaps in the Energy Workforce Pipeline 2017 CEWD Survey Results Overview In 2017, CEWD conducted the seventh Gaps in the Energy Workforce Pipeline survey. The findings are based on responses from Electric
More informationEconomic concepts. Economics 2A, 2B, 2C, 2D. Principles and 3A, 3B. Practices 4A, 4B. By 5A, 5B. 3. Opportunity costs
First Six Weeks The student will be able to identify and explain basic economic concepts. Students should be able to understand terms related to individual consumers and businesses. Be able to explain
More informationThe Price of Experience
The Price of Experience Hyeok Jeong KDI School of Public Policy Yong Kim Yonsei University Iourii Manovskii University of Pennsylvania Abstract We assess the role of of the evolution of of supply, driven
More informationWorkforce Development in the Federal Reserve System. Setting the Stage for Potential Partnership with the U.S. Conference of Mayors WDC
Workforce Development in the Federal Reserve System Setting the Stage for Potential Partnership with the U.S. Conference of Mayors WDC Todd Greene Vice President June 20, 2015 Todd Greene Vice President
More informationSalary Distributions Included in Effort Periods
Salary Distributions Included in Effort Periods September October Report for Period #2 Report for Period #3 1 2 3 4 5 1 2 6 7 8 9 10 11 12 3 4 5 6 7 8 9 13 14 15 16 17 18 19 10 11 12 13 14 15 16 20 21
More informationLiang Wang University of Hawaii Manoa. Randall Wright University of Wisconsin Madison Federal Reserve Bank of Minneapolis
ECONOMIC POLICY PAPER 16-02 JANUARY 2016 EXECUTIVE SUMMARY Many economists believe that prices are sticky they adjust slowly. This stickiness, they suggest, means that changes in the money supply have
More informationPRINCIPLES OF ECONOMICS IN CONTEXT CONTENTS
PRINCIPLES OF ECONOMICS IN CONTEXT By Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, and Mariano Torras CONTENTS PART ONE The Context for Economic Analysis Chapter 0: Economics and Well-Being
More informationLEARNING OBJECTIVES MACRO ECONOMIC
12.2A LEARNING OBJECTIVES MACRO ECONOMIC EQUILIBRIUM An analysis of the use of AD and AS in macro equilibrium Define aggregate demand and aggregate supply Describe the components of aggregate demand/supply
More informationSchedule % Complete in Primavera P6
Schedule % Complete in Primavera P6 Schedule % Complete is one of the many percent completes you have in Primavera P6 and we re going to have a complete look at what it is and how it is calculated. Two
More informationMarket View FMCG 2015
Market View FMCG 2015 HM/SM Channel ECR Meeting Panagiotis Boretos Deputy Managing Director Commercial Director 9/03/2016 Key Findings GDP counting from 2010 is the first year with the smaller percentage
More informationLabour Supply and the Extensive Margin
Labour Supply and the Extensive Margin By Richard Blundell, Antoine Bozio and Guy Laroque Forty years ago the Europeans (here French and British) used to work more than the Americans. They now work less.
More informationMacroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations and Models. 1.3 Economic Models
Macroeconomics, 4e (Hubbard/O'Brien) Chapter 1 Economics: Foundations and Models 1.3 Economic Models 1) Economic models do all of the following except A) answer economic questions. B) portray reality in
More informationWhat is a Successful Company
Welcome 15 Things All Successful Companies Have in Common! We have trained over 14,000 contractors, from coast-to-coast, how to run profitable companies! Bill Kinnard, Vice President What is a Successful
More information5 CHALLENGES HOW TO ENHANCE WOMEN S LEADERSHIP IN CREDIT UNIONS
5 CHALLENGES HOW TO ENHANCE WOMEN S LEADERSHIP IN CREDIT UNIONS 1 PIPELINE PROBLEM Women often start working for the credit union with less education and in departments that don t lead directly to the
More informationAppendix Q: Compensation Levels
Appendix Q: Compensation Levels Directors Most directors in the US are members of the Directors Guild of America ~5000 directors members Only about 1,000 have directed a feature film 587 588 Cinema Design,
More information