Thursday, January 6, 2011
Post 14: My Humps vs. Business Cycle Rap
I enjoyed both YouTube videos. But I think that because I know the song My Humps by Black Eyed Peas I was not able to take the song very seriously. I kept singing along but to the words of My Humps which is a silly song. Both were very informative videos but from an educational standpoint I think the Business Cycle Rap made the information more clear.
Post 15: Leading/Lagging/Coincident Indicators
Leading indicators signal future events. For example, the yellowish-amber traffic light tells you that a red light is coming. A second leading indicators would be building permits which signal you have permission to go ahead and build something. And lastly, bankruptcies.
Lagging indicators follow an event. For example, again with the traffic light, the yellowish-amber light follows the green light. Another example, the most popular example, is unemployment because if the unemployment rate is rising it means that the economy is failing. Interest rates are also another good example because the rates change after severe market changes.
Coindicent indicators occur at approximately the same time as an event. Continuing with the traffic light example, a green light is associated with the pedestrian walk signal. For personal income, a high personal income means a successful economy. Non farm payrolls is another example of coindicent indicators.
Lagging indicators follow an event. For example, again with the traffic light, the yellowish-amber light follows the green light. Another example, the most popular example, is unemployment because if the unemployment rate is rising it means that the economy is failing. Interest rates are also another good example because the rates change after severe market changes.
Coindicent indicators occur at approximately the same time as an event. Continuing with the traffic light example, a green light is associated with the pedestrian walk signal. For personal income, a high personal income means a successful economy. Non farm payrolls is another example of coindicent indicators.
Wednesday, January 5, 2011
Post 13: 10 Things Learned From Quizzes
1) Gross Domestic Product (GDP) is the most widely used NIPA.
2)Durable goods, non durable goods, and services are included in personal consumption.
3) Illegal activities and unreported legal activities are part of the underground economy.
4) House work and repairs you can do yourself are examples of non market activities.
5) Taxes included in the final price of goods and services are indirect taxes.
6)The U.S. department of Justice collects economic indicators.
7)There are six stages or phases in the business cycle.
8)Businesses are fluctuations in a market systems structure.
9) The U.S. has to import that natural resource oil .
10)America's productivity growth since the 1960's has slowed.
2)Durable goods, non durable goods, and services are included in personal consumption.
3) Illegal activities and unreported legal activities are part of the underground economy.
4) House work and repairs you can do yourself are examples of non market activities.
5) Taxes included in the final price of goods and services are indirect taxes.
6)The U.S. department of Justice collects economic indicators.
7)There are six stages or phases in the business cycle.
8)Businesses are fluctuations in a market systems structure.
9) The U.S. has to import that natural resource oil .
10)America's productivity growth since the 1960's has slowed.
Tuesday, January 4, 2011
Post 11: How is a GDP Calculated?
GDP=total output produced within the boundaries of the US
GDP Formula...
C + I + G + NX=M
C =consumer spending
I = investments
G = government purchases
NX= net exports
M= GDP and national income
Rules include....
1) Product must be made in your country
2) Product must be within country's border
3) Product must be final good or service
GDP Formula...
C + I + G + NX=M
C =consumer spending
I = investments
G = government purchases
NX= net exports
M= GDP and national income
Rules include....
1) Product must be made in your country
2) Product must be within country's border
3) Product must be final good or service
Monday, January 3, 2011
Post 10: Reaction to the Reading
I believe macroeconomics will be all about the prediction of interest rates as well as the behavior of prices. Trying to figure out why prices act the way they do seems like a very interesting topic. By studying macroeconomics I hope to learn how macroeconomists predict interest rates as well as how they study the behavior and why prices change the way they do.
Post 9: 100 Word Essay
What is technology? Could it be defined as texting, email, and Skype? Or is it an addiction? Facebook took the world by storm and quickly became the “it’ site that everyone was using. All Facebookers have a common goal, to keep in touch with society.
It’s arguable that technology is making America lazier but with inventions such as the Wii, Americans of all ages are able to be active and get in shape. With American obesity becoming such a huge issue, technology such as the Wii Fit is shaping America to becoming a healthier nation.
It’s arguable that technology is making America lazier but with inventions such as the Wii, Americans of all ages are able to be active and get in shape. With American obesity becoming such a huge issue, technology such as the Wii Fit is shaping America to becoming a healthier nation.
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