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Teaching Principles Students How to Assess the State of the Economy

Teaching Principles Students How to Assess the State of the Economy

Principles students are asked to collect and analyze data on a few macro economic aggregates to give them a first taste of empirical work. Students must create data tables and charts using a spreadsheet, and draw conclusions based on three variables which may be telling somewhat different stories. Critical decisions include which measures of GDP Growth, inflation, and unemployment to choose, and how to weight them in reaching a conclusion about...

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