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research project
Research Project Project Goals The main goal of this project is to help students to build skills in data analysis by compl ...
research project
Research Project Project Goals The main goal of this project is to help students to build skills in data analysis by completing the
IBM cognitive class on big data, by applying the methods learned to measure the Gross
Domestic Product (GDP) and identify business cycles, and by drafting a two-page report on this
analysis.
Learning objectives Upon completing this research project, the student will be able to:
- Describe the GDP and its components;
- Collect data on the GDP components and use them as well as the GDP equation to measure
GDP;
- Graph GDP;
- Describe the relationship between the GDP and each of its components.
- Identfying business cycle and its primary phases.
- Describe unemployment and inflation.
Components of the project This project includes three components:
- Completion of a three-hour IBM Cognitive Class course on Big Data; - Creation/construction of a graph on the key macroeconomic indicators using FRED data;
and - Drafting of a two-page analysis of the evaluation of components of the Gross Domestic
Product.
1. Completion and certification of the cognitive class on Big Data 101
Your assignment here is to complete successfully the three-hour cognitive course Big Data 101.
To complete the course, open the link below and follow the instructions
https://cognitiveclass.ai/courses/what-is-big-data
- At the top right-hand corner of the screen click Sign-Up and create an account. Be sure
to use your First and Last name.
- After signing up, log in to the Cognitive Class System.
- After logging in, at the top right side of the screen, search the term “Big Data 101.”
- Click the course labeled “Big Data 101.”
- Next click the blue button labeled “Enroll” to enroll in the course. The completion of this course must be proved by the Certificate of Completion. Upon
completing the course, download or screen shot your certificate and attach it to your final report
of this project which must be submitted through the assignment drop box on blackboard please give me pic for that 2. Fred Graph Collect data on components of GDP and use them to evaluate the equation of GDP, that is
𝒀 = 𝑪 + 𝑰 + 𝑮 + (𝑴 − 𝑿) To do so you must log onto FRED (https://fred.stlouisfed.org) and search for each of the
following macroeconomic variables: - Gross Domestic Product – GDP (Y)
- Consumption (C) - Investment (I)
- Government Spending (G)
- Net Exports (X – M) You will need to create an account (the access as well as the download of data are free). Look up
each variable (you must choose the quarterly, seasonally adjusted option for each variable) and
add it to your data list. Upon completing the list, download the data from 2009-01-01 to 2019-
01-01 in Excel file.
Next, show a graphical representation of these variables and check that 𝒀 = 𝑪 + 𝑰 + 𝑮 + (𝑴 −
𝑿) Finally, identify and describe business cycle phases from GDP graph obtained previously.
3. Written Report on the GDP
Draft a two-page report on the GDP behavior over the period 2009-01 t0 2019 and describe
business cycle over the same period. First, you should describe the steps taken to collect data and
construct graphs. In your analysis, describe the business cycle present in the GDP data, that is,
describe recession period (decrease in GDP of more than 6 month), expansion (increase in GDP),
peak (the highest GDP during the expansion),and trough (lowest GDP during the recession).
Use the GDP equation and data on GDP components to evaluate the equation. Is the GDP
determined from the equation the same as the GDP data? Create different visualizations using
each of the variables over the last decade (2009-2019) to show the relationship between GDP
and each of its components. Which components seems to determine the behavior of the GDP?
How can you identify unemployment or inflation from the GDP graph?
Next, determine the GDP share of consumption, GDP share of investment, GDP share of
government spending, and GDP share of net exports. What GDP component has the largest
share? What have you learned about measuring GDP from this assignment? Be sure to cite, using
APA, any findings to back your argument and provide a bibliography.
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The video has Closed Captioning. To activate it, start the video, mouse over the bottom of the video and click on the CC i ...
Microeconomics Minimum Wage Discussion
The video has Closed Captioning. To activate it, start the video, mouse over the bottom of the video and click on the CC icon, then select from the menu. https://youtu.be/j0c2vmFGbtk https://youtu.be/Z0xVojIYA-o This week we are going to examine what happens in a market when the government intervenes in the market and introduces price controls. In particular we are going to examine what happens when the minimum wage is increased. A minimum wage is a Price Floor. When a price floor is imposed on a market the price can be higher than the price floor, but not lower than the price floor. In the labor market, the price is the wage rate. Thus, a minimum wage above the equilibrium wage increases workers wages, but it also decreases the quantity demanded of labor. In particular, it reduces the quantity demanded of unskilled and low skilled labor, especially youth labor. Assignment Summary: View the two videos above and videos 1, 2 and 7 under the Week Two Videos. You may also wish to view the other videos for a deeper understanding of price controls. Visit The Faces of <5 for more perspectives on a $15 minimum wage. Read Chapter 6 in your textbook in careful detail.Pay close attention to the graphs in Figures 1 – 5. Focus on Figure 5 in particular https://www.facesof15.com/ You may also wish to review theCBO Report CBO Report (See attached) - Alternative Formats on employment and income impacts of an increased minimum wage. Read Should the Minimum Wage Be $15 an Hour? on pages 120 - 121 in the text. Based on the videos, the readings and any additional research you decide to do (remember to cite and reference all your sources) what you do think will be the market impact(s) of the proposed increase in the federal minimum wage to $15 per hour? Will the proposed increase help workers? And if so which part(s) of the labor market will be helped? Which part(s) of the labor market will hurt by the proposed increase? How will they be hurt? What will happen to the prices of goods and services produced with minimum wage labor? What is your conclusion? Is this proposal a good idea or not? Explain why. Post your views to the discussion board and refer to at least two different concepts from this week’s Chapters. Your illustration of concepts MUST include an explanation why you think they are are relevant to the week’s topic using specific information from the articles, videos and other research that you have done. Each post submitted should be between 150 and 250 words. Keep them short, specific, and clear. Use paragraphs as appropriate.
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Most Popular Content
research project
Research Project Project Goals The main goal of this project is to help students to build skills in data analysis by compl ...
research project
Research Project Project Goals The main goal of this project is to help students to build skills in data analysis by completing the
IBM cognitive class on big data, by applying the methods learned to measure the Gross
Domestic Product (GDP) and identify business cycles, and by drafting a two-page report on this
analysis.
Learning objectives Upon completing this research project, the student will be able to:
- Describe the GDP and its components;
- Collect data on the GDP components and use them as well as the GDP equation to measure
GDP;
- Graph GDP;
- Describe the relationship between the GDP and each of its components.
- Identfying business cycle and its primary phases.
- Describe unemployment and inflation.
Components of the project This project includes three components:
- Completion of a three-hour IBM Cognitive Class course on Big Data; - Creation/construction of a graph on the key macroeconomic indicators using FRED data;
and - Drafting of a two-page analysis of the evaluation of components of the Gross Domestic
Product.
1. Completion and certification of the cognitive class on Big Data 101
Your assignment here is to complete successfully the three-hour cognitive course Big Data 101.
To complete the course, open the link below and follow the instructions
https://cognitiveclass.ai/courses/what-is-big-data
- At the top right-hand corner of the screen click Sign-Up and create an account. Be sure
to use your First and Last name.
- After signing up, log in to the Cognitive Class System.
- After logging in, at the top right side of the screen, search the term “Big Data 101.”
- Click the course labeled “Big Data 101.”
- Next click the blue button labeled “Enroll” to enroll in the course. The completion of this course must be proved by the Certificate of Completion. Upon
completing the course, download or screen shot your certificate and attach it to your final report
of this project which must be submitted through the assignment drop box on blackboard please give me pic for that 2. Fred Graph Collect data on components of GDP and use them to evaluate the equation of GDP, that is
𝒀 = 𝑪 + 𝑰 + 𝑮 + (𝑴 − 𝑿) To do so you must log onto FRED (https://fred.stlouisfed.org) and search for each of the
following macroeconomic variables: - Gross Domestic Product – GDP (Y)
- Consumption (C) - Investment (I)
- Government Spending (G)
- Net Exports (X – M) You will need to create an account (the access as well as the download of data are free). Look up
each variable (you must choose the quarterly, seasonally adjusted option for each variable) and
add it to your data list. Upon completing the list, download the data from 2009-01-01 to 2019-
01-01 in Excel file.
Next, show a graphical representation of these variables and check that 𝒀 = 𝑪 + 𝑰 + 𝑮 + (𝑴 −
𝑿) Finally, identify and describe business cycle phases from GDP graph obtained previously.
3. Written Report on the GDP
Draft a two-page report on the GDP behavior over the period 2009-01 t0 2019 and describe
business cycle over the same period. First, you should describe the steps taken to collect data and
construct graphs. In your analysis, describe the business cycle present in the GDP data, that is,
describe recession period (decrease in GDP of more than 6 month), expansion (increase in GDP),
peak (the highest GDP during the expansion),and trough (lowest GDP during the recession).
Use the GDP equation and data on GDP components to evaluate the equation. Is the GDP
determined from the equation the same as the GDP data? Create different visualizations using
each of the variables over the last decade (2009-2019) to show the relationship between GDP
and each of its components. Which components seems to determine the behavior of the GDP?
How can you identify unemployment or inflation from the GDP graph?
Next, determine the GDP share of consumption, GDP share of investment, GDP share of
government spending, and GDP share of net exports. What GDP component has the largest
share? What have you learned about measuring GDP from this assignment? Be sure to cite, using
APA, any findings to back your argument and provide a bibliography.
Statistics
Complete the following exercises located at the end of each chapter and put them into a Word document to be submitted as d ...
Statistics
Complete the following exercises located at the end of each chapter and put them into a Word document to be submitted as directed by the instructor.Show all relevant work; use the equation editor in Microsoft Word when necessary.
Chapter 19, numbers 19.9, 19.10, 19.13, 19.14, and 19.16
Chapter 20, numbers 20.5, 20.6, 20.7, and 20.10
14 pages
Housing And Mortgage
Shelter is considered among the three basic commodities any individual must have. In modern world, there exist various way ...
Housing And Mortgage
Shelter is considered among the three basic commodities any individual must have. In modern world, there exist various ways of acquiring shelter. ...
5 pages
Intergovernmental Relations.edited
Intergovernmental relations in America have been weakening over the years. These relations encompass the overall interacti ...
Intergovernmental Relations.edited
Intergovernmental relations in America have been weakening over the years. These relations encompass the overall interaction between elected and ...
4 pages
International Organizations
An international organization is basically an organization with an international presence, scope, or membership. This orga ...
International Organizations
An international organization is basically an organization with an international presence, scope, or membership. This organization offers a common ...
Microeconomics Minimum Wage Discussion
The video has Closed Captioning. To activate it, start the video, mouse over the bottom of the video and click on the CC i ...
Microeconomics Minimum Wage Discussion
The video has Closed Captioning. To activate it, start the video, mouse over the bottom of the video and click on the CC icon, then select from the menu. https://youtu.be/j0c2vmFGbtk https://youtu.be/Z0xVojIYA-o This week we are going to examine what happens in a market when the government intervenes in the market and introduces price controls. In particular we are going to examine what happens when the minimum wage is increased. A minimum wage is a Price Floor. When a price floor is imposed on a market the price can be higher than the price floor, but not lower than the price floor. In the labor market, the price is the wage rate. Thus, a minimum wage above the equilibrium wage increases workers wages, but it also decreases the quantity demanded of labor. In particular, it reduces the quantity demanded of unskilled and low skilled labor, especially youth labor. Assignment Summary: View the two videos above and videos 1, 2 and 7 under the Week Two Videos. You may also wish to view the other videos for a deeper understanding of price controls. Visit The Faces of <5 for more perspectives on a $15 minimum wage. Read Chapter 6 in your textbook in careful detail.Pay close attention to the graphs in Figures 1 – 5. Focus on Figure 5 in particular https://www.facesof15.com/ You may also wish to review theCBO Report CBO Report (See attached) - Alternative Formats on employment and income impacts of an increased minimum wage. Read Should the Minimum Wage Be $15 an Hour? on pages 120 - 121 in the text. Based on the videos, the readings and any additional research you decide to do (remember to cite and reference all your sources) what you do think will be the market impact(s) of the proposed increase in the federal minimum wage to $15 per hour? Will the proposed increase help workers? And if so which part(s) of the labor market will be helped? Which part(s) of the labor market will hurt by the proposed increase? How will they be hurt? What will happen to the prices of goods and services produced with minimum wage labor? What is your conclusion? Is this proposal a good idea or not? Explain why. Post your views to the discussion board and refer to at least two different concepts from this week’s Chapters. Your illustration of concepts MUST include an explanation why you think they are are relevant to the week’s topic using specific information from the articles, videos and other research that you have done. Each post submitted should be between 150 and 250 words. Keep them short, specific, and clear. Use paragraphs as appropriate.
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