Methodology of Collecting Economic and Financial Data

Methodology of Collecting Economic and Financial Data

Order ID:89JHGSJE83839

Style:APA/MLA/Harvard/Chicago

Pages:5-10

Instructions:

Methodology of Collecting Economic and Financial Data

Select a SINGLE news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class.

This is NOT a research paper but rather an analysis of a media article. There should be only a single reference.

Possible concepts include:

• taxes, consumer or producer surplus, and welfare
• demand, supply, and equilibrium price of a particular product or products
• total benefit and cost curves
• production function and is cost curves
• long-run and short-run costs
• indifference curves, indifference curves and budget line
• price elasticities of supply and demand, or income elasticity, on a particular product or products
• perfect competition and imperfect competition, such as monopolies
• another topic selected by the professor

Methodology of Collecting Economic and Financial Data

Your case should follow these guidelines:

• Include at least one graph developed in our course.
• A narrative which center on 3 pages in length not including appendices
• Have a title page and bibliography
• At least 3 sources not including the text
• Word processed using double spacing and a 12point font

Methodology of Collecting Economic and Financial Data

The purpose of the data exercises is to ensure that you are familiar with the methodology of collecting economic/financial data from the Web and analyzing it. These exercises include collecting the required data, creating a graph or table to present this information, and no more than three double-spaced pages of analysis of the data. Part of the purpose of the assignment is to teach you to write and present information concisely and to the point. Imagine that you are giving this to your boss, or an important client and they will be able to devote only 7 minutes to reading your paper. What and how do you wish to communicate with them? Think about this question before you begin to write.

The point of view that you should take in addressing each topic is that your audience (see above) is ignorant of what this data represents and how it is measured. Your task is to explain what the concept is what it intends to measure, how it is measured and to what uses the data can be utilized. For example, the unemployment rate is a statistic in very common use, and it is intended to measure the percentage of labor force (which itself is a very specific metric) is currently not working and is actively searching for work. Uses of this statistic are to find ways and means to reduce it, to allocate unemployment insurance, to gauge inflationary pressure, etc.

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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