Macroeconomic data project

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Data Project 2: Grading Guidelines

ECON2, Fall 2021, Prof. Lint Barrage

Excel Sheet:

The Excel sheet will not be graded per se, but it must be included. If we cannot trace your answers to calculations, you will receive a zero for the entire assignment.

Write-Up:

0) Write-Up Quality:

 Professional-looking report that is well-formatted and easy to follow: 1 point

1) Unemployment across States (3.5 points max)

 Bar graph: o Reasonable attempt at figure: 1 point o Correct figure with appropriate labels: 2 points

 Correct answer for highest unemployment rate: 0.5 points  Correct answer for lowest unemployment rate: 0.5 points  Correct answer for CA unemployment rate: 0.5 points

2) Potential Drivers of Unemployment (3.5 points max)

 Scatter plot: o Reasonable attempt at figure: 1 point o Correct figure with appropriate labels: 2 points

 Sensible answer on class prediction for association with unemployment: 1 point  Correct interpretation of the data: 0.5 points

3) Unemployment and COVID Infections (3.5 points max)

 Scatter plot: o Reasonable attempt at figure: 1 point o Correct figure with appropriate labels: 2 points

 Correct interpretation of the data: 0.5 points  Sensible answer on potential explanations for association: 1 point

4) Unemployment and COVID Vaccination Rates (2.5 points max)

 Scatter plot: o Reasonable attempt at figure: 1 point o Correct figure with appropriate labels: 2 points

 Correct interpretation of the data: 0.5 points

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5) Omitted Variable Bias: Your Analysis! (3.5 points max)

 Scatter plot: o Reasonable attempt at figure: 1 point o Correct figure with appropriate labels: 2 points

 Correct interpretation of the data: 0.5 points  Sensible answer on how association relates to Problem 4 result: 1 point