Graph-of-the-Year Candidates
Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?
Brad DeLong favors the U.S. gdp gap.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
Remember M1?
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
Click on the chart for a larger version.
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Economics in the News
"Geoff Riley (Head of Economics at Eton College) provides a regular commentary on economics issues and trends - essential daily reading for all economics students and teachers.”
February 3, 2012, 11:25 am, 948104
Is the business truly worth the astounding estimated market value when Facebook finally completes an Initial Public Offering? Will profit be paramount or will Facebook have other key objectives beyond the bottom line? Can the explosive growth of the business be maintained or will concerns about online privacy act as ...
February 3, 2012, 7:25 am, 948043
A wonderful opportunity to teach economics and business at George Heriot’s School in Edinburgh here…
February 3, 2012, 7:25 am, 948042
Many thanks to tutor2u’s Amy Chapman for letting us have first news of this teaching opportunity in the lovely spa town of Cheltenham.
February 3, 2012, 5:25 am, 948033
Another great infographic below, this time from mint.com, comparing all the important indicators (and the cost of a Big Mac) in an easy to digest graphic.
...
February 2, 2012, 3:25 pm, 947952
How many strangers have you met today? Did you meet your 5-a-day stranger target? In an orchestra or dance-troup made up of a team of egos, how do they eventually perform to a high standard night after night? Here are some notes from a talk given at the RSA tonight ...
February 2, 2012, 9:25 am, 947868
The 2012 Royal Economic Society Essay Competition for students has been launched. Details below…
February 1, 2012, 5:25 am, 947590
This is another excellent visualisation to put the scale of Europe’s debt crisis into some sort of perspective.
Ben has already blogged about this kind of visualisation in terms of the US Budget here and US debt here.
...
January 31, 2012, 7:25 pm, 947536
Here is a short collection of short video resources on measuring human development with specific reference to the annual human development report and to progress in improving welfare in countries such as Kenya and Brazil
January 30, 2012, 9:25 pm, 947328
The dictionary definition of ‘development’ is to improve, to progress, or to grow – but development is not just about growth! It is concerned with the improvement of human welfare within an economy, and so it encompasses concepts such as the standard of living, cultural identity and political freedom.
January 30, 2012, 5:25 am, 947135
Last week my A2 students were asking what’s with all the fuss about manufacturing - services create jobs too! There’s a lot of talk about how the UK economy needs to focus more on its manufacturing industries as a means to get the economy out of its current predicament. We ...
