Economic Analytics
Economic analysis is the study of economic issues and systems to determine their effectiveness and suggest improvements by examining costs, benefits, and resource use through various data.
How to do Economic Analysis
Define Objectives and Scope: Clearly establish what the analysis aims to achieve and the specific economic questions to be addressed.
Identify Appropriate Indicators: Determine the relevant economic indicators (leading, lagging, or coincident) that will be used to analyze the economic situation or forecast.
Collect Economic Data: Gather accurate and relevant economic data from reliable sources to form the foundation of the analysis.
Interpret the Data and Forecasts: Assess and interpret the collected data and any forecasts generated to draw meaningful conclusions.
Use for Decision Making: Apply the results and conclusions of the economic analysis to make informed decisions.
Example:
Q1. THESIS Is teen depression a lower class problem? Is there a correlation between economic status and depression rates in teens?
What does the data suggest?
Application of research
Possible reasons?
What would you research next?
How can that connect to your thesis?
Example:
Q2. THESIS What is the true economic impact of teen depression? Is there inefficiency?
What is the true Economic Impact of Teen Depression?
What does the chart reveal about efficiency?
Application of research
Possible reasons?
What would you research next?
How can that connect to your thesis?
Assignment: On GC, complete the assignment entitled, EIO Pandemic Energy Consumption Data
INEFFICIENCY - For every dollar spent treating depression, an additional $4.70 is spent on direct and indirect costs of related illnesses, and another $1.90 is spent on a combination of reduced workplace productivity and the economic costs associated with suicide directly linked to depression.
Depression in America now costs society $210 billion per year, according to the newest data available, yet only 40 percent of this sum is associated with depression itself.
Is the increase in depression since 2011 notably larger among teens below the poverty line? It is not. In fact, the increase is actually larger among better-off teens The gap between poor teens with depression and middle class / upper class teens depression is widening today where its economic status is not a factor
Economic Analytics
Kevin Magnani
Created on October 7, 2025
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Transcript
Economic Analytics
Economic analysis is the study of economic issues and systems to determine their effectiveness and suggest improvements by examining costs, benefits, and resource use through various data.
How to do Economic Analysis
Define Objectives and Scope: Clearly establish what the analysis aims to achieve and the specific economic questions to be addressed.
Identify Appropriate Indicators: Determine the relevant economic indicators (leading, lagging, or coincident) that will be used to analyze the economic situation or forecast.
Collect Economic Data: Gather accurate and relevant economic data from reliable sources to form the foundation of the analysis.
Interpret the Data and Forecasts: Assess and interpret the collected data and any forecasts generated to draw meaningful conclusions.
Use for Decision Making: Apply the results and conclusions of the economic analysis to make informed decisions.
Example:
Q1. THESIS Is teen depression a lower class problem? Is there a correlation between economic status and depression rates in teens?
What does the data suggest?
Application of research
Possible reasons?
What would you research next?
How can that connect to your thesis?
Example:
Q2. THESIS What is the true economic impact of teen depression? Is there inefficiency?
What is the true Economic Impact of Teen Depression?
What does the chart reveal about efficiency?
Application of research
Possible reasons?
What would you research next?
How can that connect to your thesis?
Assignment: On GC, complete the assignment entitled, EIO Pandemic Energy Consumption Data
INEFFICIENCY - For every dollar spent treating depression, an additional $4.70 is spent on direct and indirect costs of related illnesses, and another $1.90 is spent on a combination of reduced workplace productivity and the economic costs associated with suicide directly linked to depression.
Depression in America now costs society $210 billion per year, according to the newest data available, yet only 40 percent of this sum is associated with depression itself.
Is the increase in depression since 2011 notably larger among teens below the poverty line? It is not. In fact, the increase is actually larger among better-off teens The gap between poor teens with depression and middle class / upper class teens depression is widening today where its economic status is not a factor