
ISE A Guide to Everyday Economic Statistics
McGraw-Hill Education (Publisher)
8th Edition
Published on 8. August 2018
Book
Paperback/Softback
192 pages
978-1-260-09294-3 (ISBN)
Description
The 8th edition Guide to Everyday Economic Statistics is a handy resource for understanding common everyday economic statistics and their historical context. The authors examine how different series are constructed, how they can be interpreted, and how we may use them effectively. Students of all levels will find this guide easy to read and helpful in understanding how individual statistics relate to the economy as a whole.
More details
Edition
8th edition
Language
English
Place of publication
OH
United States
Target group
College/higher education
US School Grade: From College Freshman to College Graduate Student
Illustrations
45 Illustrations
ISBN-13
978-1-260-09294-3 (9781260092943)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Gary E. Clayton is Professor and former Chair of the Economics & Finance Department at Northern Kentucky University. His Ph.D. in economics is from the University of Utah and he is the only American with an Honorary Doctorate from the People's Friendship University of Russia (PFUR) in Moscow. He has appeared on numerous radio and television programs and for two years was a regular guest commentator on economic statistics for NPR's Marketplace. In addition to his other writings and newspaper commentary, he has published five textbooks in the middle school, high school and college markets, including the best-selling Understanding Economics with McGraw-Hill Education. Professor Clayton's web portal, www.EconSources.com, was described as "among the most useful [sites] on the web" by the Federal Reserve Bank of Boston's Ledger.Dr. Clayton has taught international business and economics to students in London, Austria, and Australia. He is interested in the economic advancement of developing nations and in 2006 helped organize a micro loan project in Uganda. He is a year 2000 Freedoms Foundation Leavey Award winner for Excellence in Private Enterprise Education, an Association of Real Estate License Law Officials (ARELLO) national Consumer Education Award winner, and the recipient of a national teaching award from the National Council on Economic Education. In 2005 Dr. Clayton was the recipient of Northern Kentucky University's Frank Sinton Milburn Outstanding Professor Award.
Martin Gerhard Giesbrecht is a Professor Emeritus of Economics at Northern Kentucky University. He has taught and/or conducted research at Stanford University, the University of Chicago, Harvard University, Indiana University, National Chengchi University (Taiwan), Rutgers University, and Wilmington College. His doctoral degree (cum laude) was earned at the University of Munich, Germany, which he attended on a Fulbright Grant. Making economics accessible, intellectually enlightening, and even entertaining is the mission of Martin Giesbrecht's professional life. All of his 12 books, including this one, and his many shorter articles, some of which have also appeared in German and Chinese, are dedicated to that end, as are hi s weekly radio commentaries on WNKU and WMKV. Because he writes and speaks in a way that people can understand, the Society of Professional Journalism bestow ed the Award for Excellence on him in 1993. He has also won awards from the German-American Chamber of Commerce, the National Aeronautics and Space Administration (NASA), the American Society for Engineering Edu cation, the National Science Foundation, the General Electric Foundation, the Ford Foundation, the U.S. Small Business
Martin Gerhard Giesbrecht is a Professor Emeritus of Economics at Northern Kentucky University. He has taught and/or conducted research at Stanford University, the University of Chicago, Harvard University, Indiana University, National Chengchi University (Taiwan), Rutgers University, and Wilmington College. His doctoral degree (cum laude) was earned at the University of Munich, Germany, which he attended on a Fulbright Grant. Making economics accessible, intellectually enlightening, and even entertaining is the mission of Martin Giesbrecht's professional life. All of his 12 books, including this one, and his many shorter articles, some of which have also appeared in German and Chinese, are dedicated to that end, as are hi s weekly radio commentaries on WNKU and WMKV. Because he writes and speaks in a way that people can understand, the Society of Professional Journalism bestow ed the Award for Excellence on him in 1993. He has also won awards from the German-American Chamber of Commerce, the National Aeronautics and Space Administration (NASA), the American Society for Engineering Edu cation, the National Science Foundation, the General Electric Foundation, the Ford Foundation, the U.S. Small Business
Content
CHAPTER 1: INTRODUCTION
How the Statistics in This Book Were Chosen 1
A Frame of Reference 2
The Many Faces of Economic Statistics 5
Abusing Economic Statistics 7
Using Economic Statistics 9
And Beware of Forecasts! 10
A Final Word 12
CHAPTER 2: TOTAL OUTPUT and INPUT
Gross Domestic Product 13
Recession vs. Depression 23
The NIPAs 27
Personal Income 30
CHAPTER 3: PRODUCTION and GROWTH
Purchasing Managers' Index 35
Index of Industrial Production 39
Capacity Utilization 43
Labor Productivity 46
Leading Economic Index 50
CHAPTER 4: INVESTMENT and CAPITAL EXPENDITURES
Gross Private Domestic Investment 57
New Building Permits and Housing Starts 62
Business Inventories 66
Inventory/Sales Ratio 70
Durable Goods Orders 72
CHAPTER 5: EMPLOYMENT and UNEMPLOYMENT
Total Employment 75
New Jobs Created 78
Unemployment Rate 81
Help-Wanted Advertising 87
New Jobless Claims 90
CHAPTER 6: SPENDING, PROFITS, and EXPECTATIONS
Consumer Spending 93
Retail and E-Commerce Sales 96
Wholesale Sales 99
Consumer Expectations and Confidence 101
Employment Cost Index 104
Corporate Profits 106
Beige Book 108
CHAPTER 7: PRICES, MONEY, and INTEREST RATES
Consumer Price Index 113
Producer Price Index 120
Money Supply 123
Fed Funds Rate 126
Primary Credit Rate 129
Treasury Bill Rate 132
How the Statistics in This Book Were Chosen 1
A Frame of Reference 2
The Many Faces of Economic Statistics 5
Abusing Economic Statistics 7
Using Economic Statistics 9
And Beware of Forecasts! 10
A Final Word 12
CHAPTER 2: TOTAL OUTPUT and INPUT
Gross Domestic Product 13
Recession vs. Depression 23
The NIPAs 27
Personal Income 30
CHAPTER 3: PRODUCTION and GROWTH
Purchasing Managers' Index 35
Index of Industrial Production 39
Capacity Utilization 43
Labor Productivity 46
Leading Economic Index 50
CHAPTER 4: INVESTMENT and CAPITAL EXPENDITURES
Gross Private Domestic Investment 57
New Building Permits and Housing Starts 62
Business Inventories 66
Inventory/Sales Ratio 70
Durable Goods Orders 72
CHAPTER 5: EMPLOYMENT and UNEMPLOYMENT
Total Employment 75
New Jobs Created 78
Unemployment Rate 81
Help-Wanted Advertising 87
New Jobless Claims 90
CHAPTER 6: SPENDING, PROFITS, and EXPECTATIONS
Consumer Spending 93
Retail and E-Commerce Sales 96
Wholesale Sales 99
Consumer Expectations and Confidence 101
Employment Cost Index 104
Corporate Profits 106
Beige Book 108
CHAPTER 7: PRICES, MONEY, and INTEREST RATES
Consumer Price Index 113
Producer Price Index 120
Money Supply 123
Fed Funds Rate 126
Primary Credit Rate 129
Treasury Bill Rate 132