
Economic Measurement Seminar - Content Outline
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- U.S. Financial Accounts
- Flow matrix
- Sources
- Uses
- interpretation of data
- Sectors
- Households and nonprofit organizations
- Nonfinancial business
- Governments
- Instrument categories
- Instrument tables
- Discrepancies in the financial accounts
- Integrated macroeconomic accounts
- Agencies involved in production and publication
- Conceptional basis and structure of the accounts
- Uses of the financial account
- As economic indicators of the economy
- Ratio of household net worth to disposable personal income
- Ratio of corporate and home equity to disposable personal income
- International Statistics and the Balance of Payments
- BEA International Accounts
- International Transactions Accounts (ITAs)
- Recognizing BPM5 and BPM6
- Balance of payments accounts
- Conceptual data reported
- Relationship to economic conditions
- Current account
- Goods and services
- Income
- Financial account
- Classifications of data
- Importance to understanding the economy
- International Investment Position (IIP)
- Conceptual data reported
- What data tells us
- Measuring Employment
- Bureau of Labor Statistics
- Employment Statistics
- Employment Situation
- Current Population Survey(CPS), Household Survey
- Current Employment Statistics (CES),Payroll Survey
- Differences in definitions/coverage
- Household survey
- Survey design and methodology
- Data collection
- Unemployment Rate, Demographic detail
- Seasonal adjustment
- Sample size, Confidence intervals
- Data revisions and benchmarking, pop controls
- Civilian Noninstitutional Population, participation rate
- Definition (16yrs and greater etc)
- Labor force, including not in the labor force
- Concepts (labor force, not in the labor force, discouraged workers)
- Characteristics
- Recent trends
- Employment in household survey
- Concepts
- Employed persons (not jobs), Employment-population ratio
- Characteristics of the employed
- Demographic Characteristics
- Involuntary part-time for economic reasons
- Unemployment
- Concepts (unemployment, unemployment rate)
- Characteristics of the unemployed
- Alternative measures of labor underutilization (U1-U6)
- Duration of unemployment
- Local Area Unemployment Statistics (LAUS)
- Measuring Employment
- Payroll survey (Current Employment Statistics)
- Survey design and methodology
- Data collection
- Estimation methodology
- Seasonal adjustment
- X12 ARIMA Concurrent seasonal adjustment
- Impact of Financial Crisis, intervention
- Data revisions and benchmarking
- Major uses of CES data
- Household and payroll survey comparison
- Measuring Inflation
- Agency collecting and reporting
- Building blocks of the BLS CPI
- Weighting: sources and updates
- Data collection
- Outlet visits
- Disaggregation process
- Sample period
- Definition of price
- Housing
- Estimating CPI
- Stages of estimation
- Stage 1: Laspeyres/Geometric mean
- Stage 2: Laspeyres
- Quality adjustment
- Seasonal adjustment
- Comparison of CPI Measures: CPI-U, CPI-W, CPI-E
- Chained CPI-U
- Substitution and weighting
- Chained CPI-U as a cost of living measure
- GDP and the National Income and Product Accounts
- What questions do the NIPAs address?
- How are the data used?
- Domestic income and product account (Account 1)
- Gross domestic income and components
- Gross domestic product
- Relationship between GDP and GDI
- Income and outlay accounts (Accounts 2-4)
- Personal income and components
- Corporate profits and components
- Foreign transactions account (Account 5)
- Capital account (Accounts 6 and 7)
- Domestic saving and investment
- International financial transactions
- Current account
- Capital account
- Price measures and inflation adjustments (chaining)
- Productivity
- Importance to the economy
- Measures of productivity
- Labor productivity
- Multi-factor productivity
- Productivity concepts of output
- Productivity concepts of inputs
- Changes in productivity
- Productivity and costs news release
- Measures reported
- Output per hour
- Compensation per hour
- Unit labor costs
- Headline measures
- Calculating labor productivity and unit labor costs
- Industry labor productivity
- Multifactor productivity
- Finding the data