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August 20, 2019, 12:47:24 pm

Author Topic: KEY ECONOMICS STATISTICS  (Read 311 times)  Share 

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lilhoo

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KEY ECONOMICS STATISTICS
« on: October 26, 2018, 02:59:51 pm »
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Hey guys!
I'm just a bit lost on the types of data we need go know for the exam. What stats do you recommend learning and do we have to know averages, and specific numbers for each month, etc?

Chelsea f.c.

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Re: KEY ECONOMICS STATISTICS
« Reply #1 on: October 26, 2018, 03:51:15 pm »
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Three key are output, inflation and unemployment... inflation is change in price level saw that last year I.e. (P_t+1/P_t)-1... other ones are trade balance current account capital account and exchange rates... other stuff is trade weighted index... but maybe just focus first three and be able to understand the rest... just a brainstorm!
Bachelor of Commerce (Honours) Finance - UoM - 2019
Bachelor of Commerce - Economics and Finance - UoM - 2015 - 2018
Diploma in Mathematical Sciences - Statistics and Stochastic Processes - UoM - 2015 - 2018

zofromuxo

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Re: KEY ECONOMICS STATISTICS
« Reply #2 on: October 27, 2018, 01:31:13 pm »
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One thing to note about statistics, be sure that they are actually needed for your responses.
Do not put it in to make you look "smart"!

The 3 key ones you can use in majority of questions is Economic Growth (GDP), Interest Rates and Inflation.
Jack of all trades, master of none.
Hence why i'm in all these different threads and boards.