Notes On Economic Data

Submitted By fiiiiooo

Words: 526

Pages: 3

2.3

Economic Data

Index Numbers Used to compare changes in some variable rela7ve to some

base period.

Value of index in = given period

absolute value in given period absolute value in base period

X 100

Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 1

Fig. 2-‐2

Index Values for Steel and Newsprint Output

Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 2

Graphing Economic Data Economic variables usually come in two basic forms: • Cross-‐sec@onal data • Time-‐series data A scaBer diagram is a useful and common way of looking at the rela7onship between two variables.

Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 3

Graphing Economic Data Economic variables usually come in two basic forms: •

1. Cross-‐sec@onal data

Average House Prices for Ten Canadian Provinces, 2012

•

2. Time-‐series data

A scaBer diagram is a useful and common way of looking at the rela7onship between two variables.

Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 4

2.4

Graphing Economic Theories

A func@onal rela@on can be expressed: • in a verbal statement • in a numerical schedule (a table)

• in a mathema7cal equa7on • in a graph

Example:

When income is zero, the person will spend $800 a year, and

for every extra $1 of income the person will increase expenditure by 80 cents. C= $800 + 0.8Y Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 5

Fig. 2-‐6 Income and Consump@on

Annual Income

Copyright © 2014 Pearson Canada Inc.

Consump@on Reference LeBer

$

0

$

800

p

2 500

2 800

q

5 000

4 800

r

7 500

6 800

s

10 000

8 800

t

Chapter 2, Slide 6

Graphing Func@onal Rela@ons The rela7onship between two variables may be posi@ve or nega@ve.

If the graphs of these rela7onships are straight lines, the variables

are linearly related to each other.

Otherwise, variables are said to be non-‐linearly related.

Copyright © 2014 Pearson Canada Inc.

Chapter 2, Slide 7

Four Linear Rela@onships

Let X be the variable measured on the horizontal axis and Y

the variable

chapter 1 powerpoint Essay

1 What Is Economics? After studying this chapter you will be able to  Define economics and distinguish between microeconomics and macroeconomics  Explain the two big questions of economics  Explain the key ideas that define the economic way of thinking  Explain how economists go about their work as social scientists and policy advisers Copyright © 2013 Pearson Canada Inc., Toronto, Ontario You are studying economics at a time of extraordinary change. Your life will be shaped by the challenges…

Words 2178 - Pages 9

Financial Accounting Essay example

Copyright © 2014 Pearson Education Canada Inc./ Scott Sinclair FCA 4-1 Lo/Fisher, Intermediate Accounting Vol.1 A. RANGE OF CONCEPTUAL ALTERNATIVES FOR REVENUE RECOGNITION • Wide range of alternatives exist • Alternatives exist along the value creation process • Revenue recognized earlier reduces the quality of the information (more estimation) • Criteria established by accounting standards eliminates some of alternatives Copyright © 2014 Pearson Education Canada Inc. /Scott Sinclair…

Words 2186 - Pages 9

Ppt Ch 1 Essay

Behaviour? Copyright  2014 Pearson Canada Inc. (1) - 1 Chapter Outline Defining Organizational Behaviour – OB Is for Everyone – The Importance of Interpersonal Skills – What Do We Mean by Organization? OB: Making Sense of Behaviour in Organizations – The Building Blocks of OB – The Rigour of OB How Will Knowing OB Make a Difference? – In the Workplace – For You as an Individual Today’s Challenges in the Canadian Workplace – – – – Copyright  2014 Pearson Canada Inc. Challenges at the Individual…

Words 1531 - Pages 7

The Impact Of The Cold War

the twentieth century (Immigration and Population Statistics). Canada may not have been involved in the war as much as the U.S but they were in danger as well, and it defiantly changed Canada’s economy and politics in many ways. As you read this essay, you will learn about peace keeping, Canadian and U.S relations, and how the cold war changed Canada’s economy. Peace keeping is a very important aspect of Canada, and Canada has done major contributions towards the cold war and has always…

Words 1157 - Pages 5

Apartheid South Africa Essays

Canada V. Apartheid Calvin Simpson 260557493 Canadian History Since 1867 Dr. D Wright Wednesday, April 1st, 2015 Apartheid South Africa was a regime of economic, social, and political segregation in which the country’s white population wielded complete political control over the country’s affairs. African and “coloured” citizens were disenfranchised, had limited mobility rights, and had limited economic autonomy. The regime faced opposition from the outset, which progressed…

Words 2366 - Pages 10

Essay on Lyndon B. Johnson and Tolerant Allies

Canadian-American diplomatic and economic relations in the 1960s. In his excellent book, Tolerant Allies: Canada and the United States, 1963-1968, Greg Donaghy demonstrates that, during the decade, friction on specific issues, however important, could not weaken the overall health of the Canadian-American relationship. And there was certainly no shortage of friction, specifically over trade, finance, nuclear weapons, and, especially, the Vietnam War. As Donaghy states in his introduction, Canada and the United States…

Words 1921 - Pages 8

Cold War Essay

Germany would rise to power again, requested to join NATO, but was rejected. They created the Warsaw Pact which was open to any European country. This pact is a form of collective security. 3.Igor Gouzenko: A cipher clerk for the Soviet Embassy to Canada in Ottawa. He defected from the Soviet Union to Canda in 1945 with documents on Soviet espionage (Spying) activities in the West. He exposed Joseph Stalin’s effort to steal nuclear secrets, and the technique of planting sleeper agents. The “Gouzenko…

Words 1438 - Pages 6

Gouzenko Affair

situated in Geneva, Nairobiand Vienna. The organization is financed by assessed and voluntary contributions from its member states. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing humanitarian aid in cases of famine, natural disaster, and armed conflict. North Atlantic treaty Organization (NATO) The North Atlantic Treaty Organization, also called the North Atlantic Alliance…

Words 2167 - Pages 9

History Notes Essay

past battles and decided to make a thorough plan to capture Vimy Ridge A Canadian-fought battle Canadians successfully pushed through the ridge and captured it Canadians won the only significant victory for the Allies Largely because of this, Canada won a seat as a separate nation at the peace talks after the war The Halifax Explosion Halifax was a main shopping port; most convoys with supplies for Europe set out from Halifax On Decmber 6 1917, a French munitions ship collided with a Belgian…

Words 5857 - Pages 24

Essay On Product Offering

The corporation primarily operates in the United States. To respond to the economic crisis, marketing challenges and opportunities of globalization, Verizon is transforming the way its business conducts marketing. The company is developing marketing strategies and plans to offer broadband products and services in the Canadian markets. The initial product offering will…

Words 1480 - Pages 6