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Macroscopic Economics

The Baseline Scenario
This blog, written by economics experts, is "dedicated to explaining some of the key issues in the global economy and developing concrete policy proposals." Some of the topics covered include banking, mortgages, economic stimulus, and regulation. In addition to ongoing blog entries, it features a "Financial Crisis for Beginners" section and links to related content written by the authors for other publications such as The Wall Street Journal and Washington Post.

EconEdLink
A "source of classroom tested, Internet-based economic lesson materials for K-12 teachers and their students." Features lesson plans on topics such as employment and the unemployment rate, the Consumer Price Index (CPI), gross domestic product (GDP), brand loyalty, and the economics of architecture. Also includes a "Today in History" feature, news, and links to macroeconomic primary sources and to related sites. From the National Council on Economic Education.

Derivatives
This FAQ briefly explains the derivative, "a financial instrument whose price is derived from the value of one or more underlying assets, liabilities, or indices." Provides links to additional resources on derivatives. From the U.S. Department of the Treasury.

Data on the employment status of people with a disability
This monthly series, which began in February 2009, provides "labor force data from the CPS [Current Population Survey] for persons with a disability." Includes employment rate, employment-population ratio, and other data for men and women 16 years and older. Also provides a FAQ and archived data starting with October 2008. From the Bureau of Labor Statistics (BLS), U.S. Department of Labor.

Teacher Resources from the Federal Reserve
Excellent site containing information on banking, international economics,, the Federal Reserve, personal finance, as well as free curriculum materials. This section of the site is more accessible than some other portions.

A Guide to Finding Business Information at the Library of Congress
Guide for "researchers seeking historical information about an old company or an extinct firm." Topics include general works, directories, periodicals, and finding information about obsolete securities. Also includes links to Internet resources.

The Federal Reserve
News and analysis about the Federal Reserve. Topics include the credit crunch, interest rate adjustments, the Bear Stearns bailout in March 2008, recession fears, inflation, and the housing crisis. Includes links to material about economic indicators, and related material. From the Cable News Network (CNN).

The Morning Buz
Online "daily column . . . that focuses on the big market and macroeconomic news of the day." Includes breaking news items for the past week on topics such as recession fears, mergers, interest rates, and more. From the Cable News Network.

Monetary Policy
Brief questions and answers about "monetary policy [which] refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit as a means of helping to promote national economic goals." Includes answers to question about the federal funds rate, the discount rate, and how the Federal Reserve maintains the stability of the U.S. financial system. From the Federal Reserve Board.

Business Dictionary
This site provides definitions of over 20,000 business-related terms. Users may search by letter or topic such as accounting, currency trading, investing and speculating, advertising, and securities and futures trading. The site features a term-of-the-day and over 115,000 links between related terms. From an Internet design company that specializes in finance.

The State of Working America
Tables and figures from the most recent edition of this work that has been "prepared biennially since 1988 . . . [and which] sums up the problems and challenges facing American working families, presenting a wide variety of data on family incomes, taxes, wages, unemployment, wealth, and poverty." Selected chapters on topics such as wealth disparities and international comparisons are also available online. Adobe Reader required. From the Economic Policy Institute.

Business Plans and Profiles Index
"This index lists types of small businesses and a corresponding sample business plan, profile or book about the business with sources provided after each entry . . . Print sources indexed are limited to books in the Business Department of the Carnegie Library of Pittsburgh." Nonetheless, there is much here for the interested visitor.

Everything International
"In the ten years that Everything International has been in existence, over 2,000,000 viewers have accessed this site. More than 200 libraries, colleges, universities, schools, businesses, and government agencies use Everything International as a resource and recommend it to their members and customers. The basic service of providing an up-to-date, free-of-charge, international business portal is at the core of what is provided." You will find major divisions of the site on country and regional data, product classifications, company and industry data, education, international organizations, market entry, and general information.

The Stock Market Crash of 1929
Concise summary of the U.S. stock market crash of 1929, including the events leading up to the crash and the effect of the crash on the economy. Also includes links to interviews with two history professors about the 1929 crash and related topics. From the Public Broadcasting Service (PBS) special program "The First Measured Century."

Bureau of the Public Debt
"The Bureau of Public Debt [of the U.S. Department of the Treasury] is responsible for the accounting for and reporting of the debt in accordance with statutory direction." This site explains the difference between the public deficit and debt ("accumulated deficits plus accumulated off-budget surpluses"). It includes a FAQ, information about government securities (such as savings bonds and Treasury bills), fraudulent schemes involving alleged U.S. securities, and related materials.

Country Briefings: China
Background information and articles about business and economics in China. Provides economic data, an economic outlook, information about the political and economic structure of the country, and news about business in China, U.S.-China economic relations, and other topics. Note: Some articles (marked as premium content) only available to subscribers. From the website for The Economist magazine.

About the Federal Reserve Board
Background information about the Federal Reserve System, which "serves as the nation's central bank. . . . The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States." Covers the Federal Reserve Act of 1913 (which established the system), the structure of the system, purposes and function, board of governors, banks and bank presidents, and more. From the Federal Reserve Board.

Glossary of Business and Financial Terms
Glossary of more than 2,500 terms related to business and finance. Find definitions for terms such as "bull market," "J-curve," "kiretsu," and "Pac-Man strategy." Compiled by a business professor for The New York Times.

What Fuels the National Debt?
Brief overview of the factors involved in the creation of the national debt. Discusses the roles of Congress and the Treasury Department, and how part of this debt may be financed during wartime through war bonds issued by the U.S. government. From a company that provides investment advice.

National Debt Clock
Up-to-the-second display of the outstanding public debt and each citizen's share of the debt. Also provides links to news and a FAQ. Information comes from the U.S. Department of the Treasury and the U.S. Bureau of the Census' Population Clock.

FedStats
" - Direct access to statistical data on topics of your choice" published by the Federal Government. Includes " - "statistical profiles of States, counties, cities, Congressional Districts, and Federal judicial districts; international comparisons;" data from Federal agencies; and links to other Government databases. Some sections of the site are not easily accessible with screen-reading software.

Statistical Sites on the World Wide Web
"Links to statistics and information from more than 70 agencies in the U.S. Federal Government," virtually all of which relate to business and economic conditions. Contains a feature to increase font size.

Consumer Price Index
"The Consumer Price Indexes program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services." You can find database information, definitions, FAQs, and more. While some of the site is, of necessity, highly visual, an effort has been made to make this information as accessible as possible. Font size, for example, may be incresed.

2011 Statistical Abstract of the United States
"The Statistical Abstract of the United States, published since 1878, is the authoritative and comprehensive summary of statistics on the social, political, and economic organization of the United States. Use the Abstract as a convenient volume for statistical reference, and as a guide to sources of more information both in print and on the Web. Sources of data include the Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, and many other Federal agencies and private organizations.

Fundamentals of Polling: Polling 101
This tutorial is intended to offer a simplified glimpse into some of the fundamentals of public opinion polling. Designed for the novice, POLLING 101 provides definitions, examples, and explanations that serve to introduce interested students to the field of public opinion research.

MarketWatch: Stock Market Quotes, Business News, Financial News
"Stock Market Quotes, Business News and Financial News from the leading provider MarketWatch.com, wholly-owned subsidiary of Dow Jones.

Census Bureau
"As the nation's largest statistical agency, [this] website provides a vital national resource. These pages contain a wealth of statistical information about the nation's people and its economy - information that is used by the general public and researchers, as well as federal, state, and local governments, in making important decisions. [The] website also provides information about the surveys . . . " that are conducted and the information that results.

How Recessions Work
"In this HowStuffWorks article, you will find out what recessions are, see why they occur, and examine the criteria economists use to identify them."

InvestorWords: Glossary
The site bills itself as "the Most Comprehensive Investing Glossary on the Web, Over 6000 financial and investing definitions, with links between related terms."

History of Economic Thought
This site provides links to important texts in economics which are not under copyright and, when they are, a summary of key ideas is provided. In addition, the site also features materials arranged by schools of thought, essays and surveys, and references. Materials may be browsed or searched.

The Crash of 1929
"The Crash of 1929 offers insights into topics in American history including market mechanics, the history of Wall Street, economic forecasting, the zeitgeist of the 1920s, morality and the market, the effect of economic cycles on political trends, the lifestyles of the American elite, and more. Use the film or this Web site to learn more, either in a classroom or on your own. A PBS production.

US CD Deposit Rates
and
Global Interest Rates
are free sites that provides local unique US and international bank interest rates , currency converter, banking dictionary and economic information. In addition the data allows you to trend the economies which are performing well and not to well by these interest rate returns. Information ranges from the basic to the more detailed. Some portions of the site are more accessible than others; however, the site as a whole is more accessible than many other financial and banking sites.

Stockton Center For Economic & Financial Literacy: Teaching AP Econ
While the guide for teaching AP Economics in New Jersey offered on this site requires registration, it also offers some excellent pages on teaching the subject for grades K-5, 6-8, 9-12, college and adults, as well as a financial literacy assessment.

Federal Reserve Education
Sponsored by the Federal Reserve, this accessible and cleanly designed destination provides material on inflation; credit; consumer resources; the Federal Reserve system; economic games and simulations (K-4, 5-8, 9-12); money; banking; economics; and monetary policy. In addition, there is an excellent search feature that allows the visitor to locate lesson plans and educational publications by grade, topic, and type of resource.

What's the Economy For Anyway?
"Assignments, exercises, and tools [found here are] resources for faculty to use in the classroom to explore the question – What’s the Economy For, Anyway? While most are designed for college level classes, high school faculty will also find useful materials." The surveys, drawn from three databases featured on the site, are both engaging and substantive and cover both domestic and international topics.

Review of Economic Principles
Featuring nothing but the text of definitions and practical examples of some of the most fundamental concepts in economics, this page is, nonetheless, an excellent and quite readable page on the subject. Written by a professor of economics, State University of New York at Oswego.

Understanding the Stock Market
A lesson plan introducing students to the stock market, probably most appropriate for high-school students. From the College of Education, Texas A&M University.

MeasuringWorth
"MeasuringWorth is a service for calculating relative worth over time. Was Andrew Carnegie richer than Bill Gates? Did Babe Ruth make more than Tiger Woods? Was the cost of a loaf of bread more then than now? These questions all depend on the context and the calculators on this web site enable users to make their own comparisons." Calculations may be made for the United States, American colonies, and Great britain. Includes explanatory essays. From two professors of economics.

Microscopic Economics

The Economy and the Economics of Everyday Life
This blog attempts to explain the economy and economics of everyday life. Topics include home mortgage deductions on income taxes, bank nationalization, worker layoffs, economic stimulus plans, happiness, and how "the recession is helping foment a return to the do-it-yourself ethic." Includes links to related information. Entries go back to September 2008. From The New York Times.

Feed the Pig
Website for a campaign with the goal to "encourage and help Americans aged 25 to 34 While the primary focus of this web site is to help people 25-34 take control of their personal finances" and live within their means, it also provides a link to material for tweens (4th-6th graders). Includes money-saving tips from "under-savers" such as the "chronic collector" and the "not-so-frugal-foodie," an interactive savings commitment calculator, articles, and more. From the American Institute of Certified Public Accountants (AICPA)

Jobs, Employers, and Job Search Resources
The purpose of this website is "to provide the most comprehensive listing of useful Internet-accessible job-search resources and services on the Web." Browse annotated listing of job resources by location and industry or profession, networking resources, and other job and career websites. Includes job-hunting basics and advice. From human resources and career planning professionals. Most appropriate if searching for employment outside of traditional education.

Investopedia: Business Education
"Investopedia offers an abundance of financial content, from articles, terms and tutorials, to frequently asked questions and exam prep quizzes. Notable is Investopedia’s stock simulator . . . where users can register for free and practice their investing skills with $100,000 in virtual cash. You can also find informative, accessible articles on mutual funds, stocks, retirement planning, exchange traded funds, personal finance, and much more. Searchable.

Investment Protection Trust
IPT's primary mission is "to provide independent, objective information needed by consumers to make informed investment decisions." Features booklets on topics such as investing in stocks and bonds, mutual funds, and investing for college and retirement. Also includes "The Basics of Saving and Investing: Investor Education 2020," which was designed as a curriculum resource for high school teachers. The IPT was created as part of a settlement to resolve charges of investment firms' misconduct.

My Money
This site provides annotated links to educational materials "from across the spectrum of federal agencies that deal with financial issues and markets." Some of the topics include budgeting, taxes, credit, financial planning, home ownership, privacy, fraud, retirement planning, and small business. In English and Spanish. From the Financial Literacy and Education Commission, which was established by Title V of the Fair and Accurate Credit Transaction Act.

Forbes.com
"Business news and financial news by Forbes.com. Core topics include business, technology, stock markets, personal finance, and lifestyle. Personal finance advice, tools, and investing tips provided by Forbes and affiliated publications." An audio automatically runs upon opening the site, however, it disappears within a few seconds and does not interfere with screen-reader use.

Bankrate.com
"Bankrate.com provides cd rates, mortgage loan rate quotes for home loans, mortgages, home equity loan, auto loans, and the best credit cards. Mortgage calculator and tax advice content for home owners and personal finance needs."

Small Business Administration
"SBA is dedicated to helping you and your small business succeed. There are a variety of online trainings which cover many business topics for you to learn," most of which can be taken in about 30 minutes. You can find information on starting a business, managing a business, financing a business, contracting, starting a home-based business, growing an online business, finding exporting opportunities, and more.

Guide to Finance
"The purpose of this guide is to provide a comprehensive overview on all aspects of the financial field and industry, including general and specific information on a variety of careers, undergraduate and graduate degree related programs, resources on professional organizations, publications, and top-rated financial research institutions." Includes major sections on corporate finance and governance, educational resources, financial careers, financial journals, finance news, finance research, financial tools, investing resources, investment banks, and professional financial organizations. Excellent, high-quality site for the serious student.

African American Entrepreneurs – Help our kids see who they can become
The authors of this site believe that "We don’t share the stories of Americans African American entrepreneurs enough. ... If a kid or teen sees what is possible it could keep them out of trouble and help them become a success." The best thing about this site is that, unlike an increasingly large number of sites, it focuses on its message without attempting a lot of distracting bells and whistles. It is simple, uncomplicated, and uncommonly easy to navigate.

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