User:Manuel Franco Jr./NOtebook/Physics Lab 307/Notes For Economy Lab
Finance/Economy Lab Notes
Day 1
So for the first week I went through and sought how to go about doing this lab and found ALL of these useful sites.
Economy
Future Value
- Consumer Price Index, it the percentage change measures inflation
National Bureau of Economic Research
Unemployment
- Okun's Law
- Different Types:Frictional unemployment, Classical unemployment, Structural unemployment, Cyclical or Keynesian unemployment.
Someones Unemployment Graph/Research
Taxes
IRS 2007 Data Book Publication
Population
But even with these sites, I didn't have a specific direction. Going over these major topics wouldn't help. So i had to decide some thing specific or study certain topics or points.
Day 2
So this is week two. After one week of deciding how I should go about this I decided to look narrow in on some of the topics. So here is my purpose so study the GNP vs. GDP of the US from 2000-2007,(bush administration).
Things to consider
- Is the source reliable
- GDP of the US
- Inflation in the US
Analyzing the GDP of the US
- ppp(Purchasing power parity)[2]
- nominal
[3] BEA Nationa Economics Accounts GDP
"The chained 2000 dollar values are computed by deflating the current net subsidy values by the GDP deflator for federal non-defense expenditures, which is obtained from the National Income and Product Account tables of the Bureau of Economic Analysis."[4]
GDP deflator [5]
- [math]\displaystyle{ \operatorname{GDP\ deflator} = \frac{\operatorname{Nominal\ GDP}}{\operatorname{Real\ GDP}}\times 100 }[/math]
Random Page for benifit[6]
Another one [7]
Measuring Inflation
The CPI is the measure of the percent change in inflation. Rate of change in inflation. Or better said by Wiki, "A consumer price index (CPI) is a measure of the average price of consumer goods and services purchased by households...The percent change in the CPI is a measure of inflation."
CPI (Consumer Price index) Look Above vs. Producer Price Indexes (PPI)
"basket of goods" - ???!!!
BLS Graph and Data for CPI [8]
US Stock Market
Who's who, and what's what? [9]Nice Basic tutorial on the Stock market.
A stock represents ownership of a company's assets and profits.
here are three big stock exchanges in the United States:
- NYSE - New York Stock Exchange
- AMEX - American Stock Exchange
- NASDAQ - National Association of Securities Dealers
