econonmic forcasting
Refection Economic Forecasting
Week 2 Refection Economic Forecasting
In week two we gathered a list of resources that you might use to gather historical economic data as well as economic forecast data.
1. US Census http://www.census.gov/
2. FRED http://research.stlouisfed.org/fred2/source?soid=18
3. Bureau of Economics Analysis http://www.bea.gov/
4. National Association of Federal Credit Unions http://www.nafcu.org/research/weblinks/
US census source contains records of all historic US economic data. Search by data federal and state government.
FRED Economic research contains data on Gross GDP, consumer price index, Federal Recovery Programs and BEA Statistics, Gross domestic products and etc.
Bureau of Economics Analysis (BEA) has data Nationally, International, Regional and also by industry.
This National Association of Federal Credit Unions supplies information on state and regional economic issues through Federal Reserve information.
From 1776 until 1936 the Classical model was used in the United States. Classical economic theory believes in the concept that the free market requires no or little government intervention. Ensuring that resources are used according to the choices of the individuals and businesses in the market place; Classical economics uses value theory to determine the prices in the market. Classical economy has the ability to self-regulate without government intervention. This method was sufficient until 1936 during the Great Depression and the economy wasn’t repairing itself and regulating the market. To better understand the Great depression John Maynard Keynes, a British economist, published a new set of theories that formed a new type of economics now referred to Keynesian economics. The Keynesian Theory suggests that the economy relies on government spending to help jumpstart it during downturns like a recessions. From 1936 to 1973 Keynesian economics served as the chosen economic model in most
Week 2 Refection Economic Forecasting
In week two we gathered a list of resources that you might use to gather historical economic data as well as economic forecast data.
1. US Census http://www.census.gov/
2. FRED http://research.stlouisfed.org/fred2/source?soid=18
3. Bureau of Economics Analysis http://www.bea.gov/
4. National Association of Federal Credit Unions http://www.nafcu.org/research/weblinks/
US census source contains records of all historic US economic data. Search by data federal and state government.
FRED Economic research contains data on Gross GDP, consumer price index, Federal Recovery Programs and BEA Statistics, Gross domestic products and etc.
Bureau of Economics Analysis (BEA) has data Nationally, International, Regional and also by industry.
This National Association of Federal Credit Unions supplies information on state and regional economic issues through Federal Reserve information.
From 1776 until 1936 the Classical model was used in the United States. Classical economic theory believes in the concept that the free market requires no or little government intervention. Ensuring that resources are used according to the choices of the individuals and businesses in the market place; Classical economics uses value theory to determine the prices in the market. Classical economy has the ability to self-regulate without government intervention. This method was sufficient until 1936 during the Great Depression and the economy wasn’t repairing itself and regulating the market. To better understand the Great depression John Maynard Keynes, a British economist, published a new set of theories that formed a new type of economics now referred to Keynesian economics. The Keynesian Theory suggests that the economy relies on government spending to help jumpstart it during downturns like a recessions. From 1936 to 1973 Keynesian economics served as the chosen economic model in most