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Economic data is a very broad concept. It can include discrete preference relation data-sets as well as extensive time series data.
But it is important that theories are tested against data, and the earlier this happens in the development of an economic model, or of a new economic hypothesis, the more beneficial will be to the researcher, providing early signals on how good or bad a match with the real world his theoretical endeavors are. Economics being a Social Science, it is also important to have plentiful of different data sets, since testing a theory on just one data set does not provide strong enough evidence of the model's usefulness or uselessness.
So I am posting this question with the hope that it will be gradually enhanced with answers and it will become a point of reference for Economic data of all sorts for this community.
My offering: The World Bank for example has very useful information on trade lanes. Other repositories:
-Data links hosted at the Econometrics Journal
-Data archive of the Journal of Applied Econometrics
-Supplemental material for Econometrical
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
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The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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