Economists Do It With Models

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Entries Tagged as 'Fun With Data'

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Fun With Related Goods, Broadway Edition…

June 28th, 2014 · 3 Comments
Econ 101 · Fun With Data

One of the first things we generally cover in intro microeconomics is the determinants of demand- i.e. the factors that influence how much of a good we are willing and able to purchase. The price of a good is obviously one of these determinants, but so are the prices of what economists call “related goods.” [...]

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Just Remember Kids, It’s Not You, It’s Your Data…

June 24th, 2014 · No Comments
Fun With Data · Just For Fun

Not in the grad school context per se, but this pretty much illustrates how I feel today… I blame the Census County Business Patterns data.

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Tags: Fun With Data · Just For Fun

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Why Macroeconomics Is Hard, In Cartoon Form…

June 10th, 2014 · 1 Comment
Fun With Data · Macroeconomics · Policy

This is from a book on climate change, but the principle definitely holds more widely…(click for larger) (thanks to EconLog for the images!) This concept- that researchers don’t have the luxury of always running randomized controlled experiments (i.e. randomized controlled trials, or RCTs) to determine what affects what- is what leads a growing number of [...]

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Tags: Fun With Data · Macroeconomics · Policy

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New Leading Indicator: Cat Aspect Ratio…

December 23rd, 2013 · 3 Comments
Fun With Data · Macroeconomics

I’ve written about weird economic indicators before, and there are even pretty comprehensive lists of such things available on the interwebs. What is less available is clarification regarding the different types of economic indicators. Luckily, the taxonomy of indicators uses fairly intuitive names- “leading” indicators are quantities that tend to track future economic movements, “coincident” [...]

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Tags: Fun With Data · Macroeconomics

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Small Steps In The War Against Publication Bias…

November 19th, 2013 · 3 Comments
Behavioral Econ · Fun With Data

As a behavioral economist, this is probably the the most exciting thing I will read all week. From the American Economic Association: Dear AEA member: The AEA has launched a new site to register randomized control trials (RCTs). The AEA encourages all investigators to register new and existing RCTs. Registration is entirely voluntary and is [...]

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Tags: Behavioral Econ · Fun With Data

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On How The Federal Reserve Economic Data, Um, Marched Right Along During The Shutdown…

October 17th, 2013 · 4 Comments
Fun With Data

Like most parents, my parents took me to watch parades when I was little. Probably unlike most parents, however, my parents took me to parades like this: The Weirdest Parade in the Universe that brought you The Marching Freds, The Synchronize Briefcase Brigade, The Booger King, The Million Chad March, The League of Dead Voters, [...]

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Tags: Fun With Data