ECON 102 - Module One

K E Y T E R M S Data File: a file in which datasets are stored There are many formats but the universal format for data files is the text format because it can be read by all software Dataset: a collection of observed variables Missing Values: they are missing observations in a dataset In a data file, missing values are often represented by special characters Text File: it is a non formatted file that can be opened by any text editor Most common extensions are ".txt" and ".csv" Time Series: it is a variable that we observe on a regular basis at different points in time e.g. the temperature in Toronto Variable: it is the general term used when we refer to measures e.g. inflation, unemployment rate, temperature, CO2 emission W H A T IS M A C R O E C O N O M I C S ? Macroeconomics is the study of the economy as a whole It is difficult because it needs to draw from all branches of economics in order to... Understand microeconomics decisions The aggregation of individual behaviour The link between theory and data The design of government policy D A T A M A N I P U L A T I O N: LOADING THE DATA Types of File ".txt" Extension - usually stores data by separating columns using spaces ".csv" Format - this is the most common text format used by data agencies; every column is separated by a comma Macroeconomics September 8, 2020 10:29 AM Module Three Page 1
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