Assignment #3 | Economics homework help
Must be typed, double-spaced, in 12-point Times New Roman or Arial font, with one-inch margins
Must have the title page in APA-7th edition style
Must have in-text citations in APA-7th edition style
Must have reference list in APA-7th edition style; note that you must reference the data you are using for the project
Must be prepared using word processing software (Microsoft Word preferred)
Data Exercise 1
The purposes of the data exercises are to:
- enhance your skills at finding current economic data on the web;
- improve your skills at data presentation and explanation;
- provide you the opportunity to learn how to analyze economic data and, very importantly, to explain what it means—in short, turning data into useful information; and
- how to present that information to a reader in a clear and understandable form.
For Data Exercises 1 and 2:
Your objective is to compare two related economic variables and see if you can identify a relationship between them. You should first look at the variables separately, then in relationship to each other.
(Please see attached for contents that would help you find the variables)
- You will select two related economic variables that you studied during the relevant weeks.
- Find appropriate data on both variables.
- Present that data in a clear graphic or tabular form (or both if appropriate).
- Explain what the data shows—discuss/explain the data.
- Explain what the data means—give meaning to what the data shows.
- Explain why it matters—what is the economic importance or usefulness of what you found in your data analysis and discussion.
Points 4 and 5 initially seem to be about the same thing, and they are close in meaning. Point 4 is the process of walking the reader through the data presented in the table or graphic. Point 5 is explaining to the reader what that data means. In other words, tell the reader what the data is and explain what it means. Remember, this is a process of giving meaning to data. Standing alone, data is just numbers. Your task is to give those numbers a context and a meaning that converts numbers into information.
For Data Exercises 1 and 2, you get to select the variables you want to examine. For Data Exercise 3, the instructions specify the variables to be examined (you have a limited choice). After the variables have been identified, the process is the same.
Points to Remember:
- Stay calm, this is actually a fun assignment and a great learning experience, and it is not as daunting as it first appears.
- You have to have real world data; i.e., numbers.
- You have to have citations in the body of your report.
- Tables and graphics need a citation immediately following the table or graphic; if you create the table or graphic, then the citation is to the source of the data.
- You need references at the end of the report.
- upload your report in MS Word format (.doc or .docx); if you use another format ask before uploading to be sure I can open it;
- double space the paper;
- have a title page;
- have a reference page;
- excluding the title and reference pages, the report should be 3 to 5 pages; and,
- if you use an appendix, that would be in addition to the 3 to 5 pages.
Sources to use: