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Economic Data

The World Bank
http://www.worldbank.org/html/schools/

What kind of web site allows you to explore world climate change while looking up recipes for Latin American and Caribbean foods? The answer may surprise you: the World Bank. No ordinary bank, the World Bank is actually an international development organization owned by more than 180 member countries, rich and poor. Its role is to reduce poverty by providing development assistance to its poorer members — often called “developing” countries — and to countries whose economies are in transition. The loans are intended to increase economic productivity and improve the standard of living in these countries. Research and education are important components of the World Bank’s mission. Its staff members sort through a lot of data before making a loan, and much of that information has found its way onto a web site the Bank has developed for students and teachers. The site contains a variety of valuable information that can be used both in and out of the classroom. The site is easy to use. The data sets range from international trade to water and sanitation. Because there is so much information on such a wide variety of topics, you have the option to explore the data yourself or use one of a variety of tools that format the data into usable chunks. In fact, there is an entire set of learning modules that focus on sustainable economic development. The site also provides a global forum that allows high schools from around the world to interact with each other and discuss issues like technology in the classroom. This is a great resource for students working on social studies projects and for social studies teachers seeking a global perspective.

Bureau of Labor Statistics
http://www.bls.gov
http://www.bls.gov/k12/index.htm
http://www.bls.gov/oco/home.htm

As you might have guessed, this is the site to get figures for things like average hourly earnings and the current U.S. unemployment rate. But you can also get an idea of what it might be like to work in TV, or how much you might expect to earn as a stockbroker.

Be sure to check out:

  • Economy at a Glance
  • How Much People Earn
  • Kids’ Page
  • Monthly Labor Review
  • Occupational Outlook Handbook

White House Economics Statistics Briefing Room
http://www.whitehouse.gov/fsbr/esbr.html

The Economics Statistics Briefing Room is furnished with lots of quality economic data. The Executive Branch has taken some of the legwork out of economic research by giving users access to statistics on employment, income, world trade, money, output, prices, production, and transportation— all in one place and in a format that’s easy to use.

Bureau of the Census
http://www.census.gov

Have you ever moved to a new place and wondered if there would be any kids your age? How does your new town or state compare to your old one — is it bigger, smaller, or maybe exactly the same? Maybe you never thought of the Census as a useful classroom tool, but it contains a lot of practical information that can help you answer questions like these. Visit www.census.gov to discover where you fit in. (The “For Teachers” section has free downloads of teaching and reference materials.)

Bureau of Economic Analysis
http://www.bea.gov

The BEA is part of the U.S. Department of Commerce, and its website presents lots of useful information in a format that’s easy to navigate.

Be sure to check out:

  • To find out how much value an industry adds to GDP, check out the Interactive Data Tables under the “Publications” tab.
  • Click the “FAQs” tab to find out, among other things, how it’s possible for personal savings to be negative.

Statistical Resources on the Web
The University of Michigan Documents Center
http://www.lib.umich.edu/govdocs/stecon.html

An excellent portal site for economic statistics – as comprehensive as its title promises.

FRED® - Federal Reserve Economic Data
http://research.stlouisfed.org/fred2

Created and maintained by the Federal Reserve Bank of St. Louis, FRED is a database of more than 19,000 U.S. economic time series.

Be sure to check out:
GeoFRED™ http://geofred.stlouisfed.org is “a datamapping tool that displays color-coded data on the state, MSA and county levels. For example, GeoFRED can display unemployment, labor force and population for all U.S. counties. Users can select among 12,000 FRED® data series and customize these printable maps according to size, scope and detail.” And there are lesson plans, too!

The Inflation Calculator
http://www.westegg.com/inflation

The Inflation Calculator will adjust “any given amount of
money for inflation, according to the Consumer Price Index,”
going back to 1800.

Measuring Worth
http://www.measuringworth.com

Making value comparisons between one historical period
and another is never an easy task, but this site gives you tools.

 
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