04 Jun Question ECN 101 Intermediate Macroeconomic Theory | Spring 2014
Question
ECN 101 Intermediate Macroeconomic Theory | Spring 2014
Problem Set #1: Data Releases, Math & Spreadsheet Review
Revised: January 5, 2015 Due: beginning of class Thursday January 15, 2014
This is an individual assignment: you may speak to others about it, but what you
hand in should be your own work.
Hint: This will be easier if you read the Math Review in the Global
Economy text before you start.
1. Current Business Cycle (30 points). In the current week, several important macroeconomic indicators have been or will be published.
On Wednesday January 7th, the Census Bureau and the Bureau of Economic
Analysis of the Department of Commerce will release data on exports, imports
and the trade balance.
According to Bloomberg, the conensus estimate and consensus range for the trade
balance is
Prior
Consensus
Consensus Range
$ -43.4B
$ -41.5B
$ -43.9B to $ -40.5B
On Thursday January 8th, the U.S. Department of Labor will publish Jobless
Claims:
Prior
Consensus
Consensus Range
298 K
290 K
280 K to 297 K
and on Friday January 9th, the U.S. Department of Labors Bureau of Labor
Statistics will release the Employment or Jobs Report:
Prior
Nonfarm Payrolls
Unempl. Rate
Consensus
Consensus Range
321,000
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