Econ History Lesson 1: Summarizing Texts & Analyzing Data for Economic Comparisons - Prof., Apuntes de Historia Económica

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ECONOMIC HISTORY:

PRACTICAL LESSON 1

PA: Alexandra López Cermeño

Social Sciences Department

Universidad Carlos III de Madrid

SPRING 2015

CONTACT

• E-mail:[email protected]
• Tutoring hours: Tuesday 12.00 – (please, send me an email

first)

• Office: 18.2.C

Social Sciences Department

REMINDER: Assessment

Social Sciences Department

• Maximum 5 points. Where:
  • 2 points: individual and team in-class assignments and

homework.

• 0.5 points: participation.
• 2.5 points:
  • INDIVIDUAL 1500-word essay due 8th of April. Instructions available in Aula Global.
  • ALTERNATIVELY: Presentation of a SUMMARY of one of the READINGS of the course that should coincide with the week that reading will be explained in class (individual or in pairs) + 1 page INDIVIDUAL report.

AGENDA

1. Methodological issues: How to make a summary
2. In practice: Gapminder.
3. Small group practice. Concepts about economic

growth.

Social Sciences Department

Concept Map

Social Sciences Department

2. In practice: Gapminder

Social Sciences Department

• Homework:
  • Hundreds of emails. Please pay attention in class my time

is scarce.

• Most of the questions where already solved in the

instructions. Some of you did not even bother to read

them.

• Please, use the SPELL CHECK. I have seen so many

ortographic mistakes I did not even bother at the end. It

denotes sloppyness.

Assignment potential answer example.

Social Sciences Department

Formulate a hypothesis of the causal relationship: “Some countries are richer than others because their female labour is better educated”

Most of your works did not have a hypothesis, had a very vague one or had three different hypothesis:

“…studies have always related the level of corruption of a country (…) is indirectly related to the increase of income inequality and porverty”.

“The latter women marry, the greater the gdp”

Assignment potential answer example.

Social Sciences Department

Formulate a hypothesis of the causal relationship: “Some countries are richer than others because their female fertility is lower”

Find your data and download them: http://databank.worldbank.org/data/views/variableselection/selectvariables.aspx

Develop your arguments: (^) “This graph shows GDP per capita as a

measure of welfare in the vertical axis and the number of births per woman in the horizontal axis in a set of 64 countries including Less Developed and OECD countries. The data show a decreasing trend implying that the greater the number of children per women, the lower the GDP per capita. The reasons for this trend are manyfold…

… make a zoom,

this is adjust the scale of the graph:

¿Quién tiene razón?

Births, deaths and income

“The bubbles show a decreasing trend showing that countries with greatest gdp per capita have a lower mortality rate of 5- year old for 1000 births; and, viceversa, poorer countries have a greater mortality ratio.”

“Analizing the graph we can see a clear direct relationship between welfare and age of first marriage of women, obtaining a clear growing trend”

INVERSE CAUSALITY

Social Sciences Department

16

Primary Completion Rate and Income per person. In theory, the more schooling the greater the capacity of production

Inverse Causality

Escala: log o lin?

Historia Económica

19

…moving to Excel

Possibly there where problems with

– Exporting data (If you have problems downloading data,

try moving to another explorer).

– Choosing variables (too many or too little observations)

– Format of the graphs (log-lin, etc.)

– Did not manage to make graphs.

– Had problems with theory. Think about what you want to

show. You can show TWO trends in the same graph.