Econ 430
Question #1
Write a 200-300 words comprehensive note on how central bank manages nation’s monetary system.
Question #2
Write a 200-300 words comprehensive note on tools of monetary policy and issues in monetary policy.
Econ 305
Econ 305
Data Exercise #2 Instructions
Please submit your findings in a WORD document.
Please use the following websites to complete this task: www.bea.gov and www.bls.gov
www.bls.gov is the primary website for this task.
See Phillips Curve in the index of your textbook or use an online resource to acquire a basic understanding of the concept. Type “Phillips Curve” into youtube.com: The 2nd-4th videos are useful.
Acquire the Unemployment figures for each quarter of the last ten years.
Acquire Inflation figures for the same period. These will be monthly and will need to be adjusted to quarterly. Using three months of data and dividing by 3 to get a quarterly average is fine for this assignment.
Enter those figures in EXCEL and complete a simple line graph to illustrate your own created “Phillips Curve.”
Report your findings in a written document that includes your results in tabular form and via diagram, which has been created using EXCEL.
Comment and compare your results to the Phillips curve expectations.
FORMAT
Title Page
Content & Analysis
Reference List
Appendix of Data (EXCEL sheets)
Lessons:
Video on Phillip’s Curve: http://www.youtube.com/watch?v=jFKZqi1Bl-k
Brief Written Explanation of Line Charts: http://www.youtube.com/watch?v=Xn7Sd5Uu42A
