1. ECON 492: Comparative Financial Crises Week 3 26 January 2011 David Longworth This material is copyrighted and is for the sole use of students registered in ECON 492. This material shall not be distributed or disseminated to anyone other than students registered on ECON 492. Failure to abide by these conditions is a breach of copyright, and may also constitute a breach of academic integrity under the University Senate’s Academic Integrity Policy Statement. ECON 492 Week 31

2. Where does topic fit in? (Prediction)Transmission Policy Response PreventionCauses ECON 492 Week 32

3. What the 2-Page Proposal Should Have 1.Question(s) to be answered or Hypothesis to be tested – Why is the question or hypothesis interesting? 2.Literature to be read – And any models to be referred to 3.Data sources and sources for facts to be used – Or data and facts that need to be found 4.Outline of economic analysis to be used to answer the question(s) or to test the hypothesis: – Models, statistical analysis, graphs 5.Outline of story suggested by economic analysis ECON 492 Week 33

4. Data and Graphs Real versus nominal Seasonally adjusted versus raw Ratios versus a trending variable Rates of change versus levels Logarithms versus levels There is no “right” answer for all circumstances, but actively think about the above. ECON 492 Week 34

5. Reminder: Next Week Two-page outline (proposal) due in class – Paper copy to be given to instructor – 5-8 minute presentation given in class Can use PowerPoint if you wish Arrange to see instructor for 10 minutes on Wednesday afternoon or Thursday morning – There will be a sign-up sheet in class next week ECON 492 Week 35

6. Suggestion for this week See the instructor to get detailed feedback on your choice of topic, as well as: – Discussing references and models – Discussing sources for data and facts ECON 492 Week 36