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Lecture Notes for ECO 725 - Data Methods in Economics at UNC - Greensboro (UNCG)

Notes Information

Material Type:Review Sheet
Professor:Staff
Class:ECO 725 - Data Methods in Economics
Subject:Economics
University:University of North Carolina at Greensboro
Term:--
Keywords:
  • Computer-Assisted Personal Interviewing
  • Entire State
  • Better Information
  • Inexpensive
  • Information
  • Unfortunately
  • Reapportionment
  • In/on/at a Place
  • Circumstances
  • Uncomfortable
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Sample Document Text

Data Economics is an empirically-oriented research discipline. Its models and analyses are intended to be applicable to real-world situations and especially real-world data. Empirical research in economics is made easier by the fact that so many of the variables of interest-prices of goods, quantities transacted, amounts earned, sums lent, etc.-are not only quantifiable but also potentially observable. Still, the relative ease with which these variables can be measured, sometimes leads economists to take for granted the methods by which the variables are actually measured. As data are the fundamental building blocks in our empirical analyses, it is important that we carefully consider their sources, properties, and uses. The word "data" is used ubiquitously inside and outside of economics. Despite our exposure to the word, it still helps to review what the word means. "Data" is the plural of the word "datum," which means a piece of information, such as a fact, measurement, ...

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