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Visualizing Data and the Online FRED Database

Author

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  • Diego Méndez-Carbajo

Abstract

The author discusses a pedagogical strategy based on data visualization and analysis in the teaching of intermediate macroeconomics and financial economics. In these short projects, students collect and manipulate economic data from the online Federal Reserve Economic Database (FRED) in order to illustrate theoretical relationships discussed in class. All the data collection and manipulation tasks are conducted through the FRED Web site. The author argues that as students locate and effectively use the quantitative information that they need to evaluate abstract concepts, they are in effect developing the connection between theories and empirical evidence that underpins the discipline of economics.

Suggested Citation

  • Diego Méndez-Carbajo, 2015. "Visualizing Data and the Online FRED Database," The Journal of Economic Education, Taylor & Francis Journals, vol. 46(4), pages 420-429, October.
    • Handle: RePEc:taf:jeduce:v:46:y:2015:i:4:p:420-429
    DOI: 10.1080/00220485.2015.1071222
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    Citations

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    Cited by:

    1. Wolfe, Marketa Halova, 2020. "Integrating data analysis into an introductory macroeconomics course," International Review of Economics Education, Elsevier, vol. 33(C).
    2. Depro, Brooks & Rouse, Kathryn, 2022. "Adapting the case method in an economics capstone research course," International Review of Economics Education, Elsevier, vol. 41(C).
    3. Cynthia Harter & Diego Mendez-Carbajo, 2024. "Diving into the Gap: Recognizing Gender Differences in an Online Learning Activity," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(1), pages 79-102, January.
    4. Diego Mendez-Carbajo, 2023. "Using Federal Reserve Economic Data® Data to Address Diversity and Inclusion in the Classroom," The American Economist, Sage Publications, vol. 68(1), pages 126-139, March.
    5. Mendez-Carbajo, Diego & Dellachiesa, Alejandro, 2023. "Choice of data visualization tool: FRED or spreadsheets?," International Review of Economics Education, Elsevier, vol. 44(C).
    6. Sara Gundersen & Allison Shwachman Kaminaga, 2022. "Presentations To The President: A Role-Play Assignment For A Macroeconomics Principles Class," Journal of Economics Teaching, Journal of Economics Teaching, vol. 7(3), pages 185-199, October.

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