Economics stats?

Chanandler Bong

Just wondering for the macro part of the paper when should current stats be used and are these listed on a certain site?, thnks

pathway33

www.cso.ie anyway. Might take a bit of rooting around to find them. Get the latest unemployment figures anyway

Chanandler Bong

cheers, but how are they used in your answer, just as an attached point or what?

xOxSinéadxOx

this year we're due a question on it I think. you don't use them normally! there's a specific question that asks you to comment using correct figures on ireland's unemployment rate for the last year etc. look in your papers! I'm not bothering learning them. I'm not learning the ecconomists either, won't have many options

Mr Maroon

xOxSinéadxOx wrote: »

this year we're due a question on it I think. you don't use them normally! there's a specific question that asks you to comment using correct figures on ireland's unemployment rate for the last year etc. look in your papers! I'm not bothering learning them. I'm not learning the ecconomists either, won't have many options

Apart from that specific question though my teacher says we should try to include up to date stats whenever we can in our answers.

pathway33

Definitely incorporate stats into the middle of your answer rather than just sticking them in at the end. This way you show the examiner you understand the stats and their implications



e.g A country with a rising unemployment rate such as is the case in Ireland where seasonally adjusted unemployment has risen from 5.4% in April 2008 to 11.4% in April 2009 poses the following problems for the government.






P.s you should use MAY figures if they are available before your exam

Chanandler Bong

xOxSinéadxOx wrote: »

this year we're due a question on it I think. you don't use them normally! there's a specific question that asks you to comment using correct figures on ireland's unemployment rate for the last year etc. look in your papers! I'm not bothering learning them. I'm not learning the ecconomists either, won't have many options

you do use them normally in questions on unemployment, inflation etc, and the economists come up as part of other questions, we were told to make sure we learn the main ones i.e Keynes Smith Malthus Friedeman

@pathway33, would april figures be okay

xOxSinéadxOx

damn I was never told to include stats except for that specific question

Chanandler Bong

xOxSinéadxOx wrote: »

damn I was never told to include stats except for that specific question

we wer told a1 macro answers should have relevant stats i.e unemployment in april 09 is 11.4% or inflation rates are currently 0.6% etc.

btw i defo wouldnt leave out economic history and theory:cool:

pathway33

Chanandler Bong wrote: »

you do use them normally in questions on unemployment, inflation etc, and the economists come up as part of other questions, we were told to make sure we learn the main ones i.e Keynes Smith Malthus Friedeman

@pathway33, would april figures be okay

i would say april figures will be way ahead of the posse and you won't lose any marks for not using may figures. the examiner will be delighted as long as you say they are april

krustywanksock

Go on to the rte website and look at economy at a glance in the business section it has every stat you can possibly need and only the stats

K4t

You don't need the exact figures either. Just have them pretty accurate. It's your understanding of and how you analyse the figures that should earn you praise. Gluk.