As inflation raises the overall price level in an economy, the purchasing …
As inflation raises the overall price level in an economy, the purchasing power of the dollar decreases and both borrowing and lending costs increase. The January 2023 issue of Page One Economics® discusses how price indexes can be used to transform nominal wages and interest rates into real, or inflation-adjusted, values.
The onset of the COVID-19 pandemic changed consumer spending habits. The January …
The onset of the COVID-19 pandemic changed consumer spending habits. The January 2021 issue of Page One Economics® reviews how people substituted meals purchased at restaurants with meals cooked at home. Also, people traveled less and the demand for hotel services decreased. As a result, both employment and prices declined in the leisure and hospitality industry.
This lesson demonstrates how easy it is to create a binary FRED …
This lesson demonstrates how easy it is to create a binary FRED map. Students search for state-level data on average weekly earnings and visualize them in FRED. The goals are for students to customize a map, observe patterns in mapped data, and note differences across geographical areas.
FRED can display data in choropleth maps, using shading and colors to …
FRED can display data in choropleth maps, using shading and colors to convey historical and current data for a given area. This Page One Economics Data Primer describes the different data geographies available in FRED, which help shape the stories behind the numbers.
This Page One Economics Data Primer describes the range of data units …
This Page One Economics Data Primer describes the range of data units available in FRED, including their common use and interpretation, that help reveal the story behind the numbers.
What are the ethical considerations for researchers who use data? This data …
What are the ethical considerations for researchers who use data? This data primer describes standards for gathering, analyzing, storing, and distributing data for new data users and serves as a reference for advanced data users.
Students work with data that represent the ages of 24 people to …
Students work with data that represent the ages of 24 people to learn the difference between categorizing data in fractile intervals and equal intervals. Students discuss dividing bonus points among class members to understand what per capita means. Then students search for state-level data on personal income per person and visualize them in FRED. The goals are for students to customize a map, observe patterns in mapped data, and note differences across geographical areas.
Interactions between employers and employees in the labor market underpin all production …
Interactions between employers and employees in the labor market underpin all production activities. The January 2022 issue of Page One Economics® discusses how gender influences workers’ experiences in the labor market, including their decisions to participate in the market, the types of jobs they hold, their decisions to exit the market, and ultimately their earnings.
Income and wealth are becoming more unequal over time. The September 2022 …
Income and wealth are becoming more unequal over time. The September 2022 issue of Page One Economics discusses how income and wealth inequality are measured, what drives differences among individuals and households, and how growing inequality may affect the overall economy.
Redlining was the practice of selectively classifying neighborhoods as most likely to …
Redlining was the practice of selectively classifying neighborhoods as most likely to default on repayment of a mortgage loan. Houses in redlined neighborhoods held little value as collateral, and lenders would only offer mortgage loans for these houses at above-average interest rates. Over time, these neighborhoods had the largest concentrations of African Americans. The September 2021 issue of Page One Economics® explains how residents in redlined neighborhoods could not afford to become homeowners and accumulate wealth at the rates other groups did. It also points out how only when the federal government passed laws banning discrimination in housing and banking did the segregation of African Americans to specific neighborhoods start to ease up.
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