the wealth effect

#1

hey can somebody help me with my econ hw? i need to find the data on the wealth effect so i can plug it into a graph. looking for annual numbers dating from 1955-2005 or 2006. not dating back that far but as far as someone can find will really help. this class is killing me

#2

All I know about it is that I'm not getting NEAR enough of it!

#3

QUOTE(happywonton @ Oct 2 2006, 07:47 PM) hey can somebody help me with my econ hw? i need to find the data on the wealth effect so i can plug it into a graph. looking for annual numbers dating from 1955-2005 or 2006. not dating back that far but as far as someone can find will really help. this class is killing me

http://a257.g.akamaitech.net/7/257/2422 ... les05.html

#4

thanks for the fast reply. all i gotta do is figure out what wealth effect is. but i should find it on wiki or something.

anymore links will be helpful.

i currently have a 55 in the class. the guy lets us do a thing called recylcing which we make up half the points on a test.
i got a 37 so most i can get is 31.5 on my raw score. this extra credit assignment is worth 20 so all together it will bump me up to an 80.

#5

QUOTE(happywonton @ Oct 2 2006, 08:48 PM) thanks for the fast reply. all i gotta do is figure out what wealth effect is. but i should find it on wiki or something.

anymore links will be helpful.

i currently have a 55 in the class. the guy lets us do a thing called recylcing which we make up half the points on a test.
i got a 37 so most i can get is 31.5 on my raw score. this extra credit assignment is worth 20 so all together it will bump me up to an 80.

basically, wealth effect says there is a way to model consumer spending off of consumer confidence based on a consumer's growth of income.

for example: a person making 30,000 a year has little disposable income. if they suddenly make a pay jump to 50,000 a year, there is a tendency to immediately consider one's budget for spending on the adjusted pay. that is the blindspot of the wealth effect. the person in question didn't make the tenure of adjustment... they went and basically "upped themselves" without it really being given time to gestate.

that is the wealth effect.

#6

Dude, I didn't know you were a student....

You are among geniuses...You should post more of your work, espeically economics...I'm thinking about starting a economic based forum...

#7

Man, that would be awesome Ty. I'm taking Microeconomics right now in college and I'm a business major so any advice about economics would be awesome.

Thanks for your post Raum. It'll help me also