Project #59510 - economic policy issues

here is the assignment:

Vitamin Assignment 

1) Use the internet to download MONTHLY data for the price of vitamins from (at least) 1985 to at least mid-2001. You should get the data from the Producer Price Index, published by the Bureau of Labor Statistics. Print out the data as a table, with years as rows and months as columns. 2) Using the same data source, download price data for non-prescription pharmaceutical preparations, or some similar commodity. Print the data in a table, using the same time period as in #1.

3) Use microsoft excel or some similar program to plot both vitamin prices and pharmaceutical prices as line graphs in the same diagram. You will need to download the data in column form to do this. Your diagram should have years on the horizontal axis and price on the vertical axis, and should plot MONTHLY data. There should be only two lines in your diagram: one for vitamins and one for pharmaceuticals.

 

4) A group of vitamin manufacturers formed a cartel that lasted through most of the 1990's. State the starting and ending dates of the cartel, and mark those dates in the line graph from #3 above. Do not turn in the news reports with your project. Just show the dates.

5) Explain the effect that the cartel appears to have had on vitamin prices.  

6) Staple your papers together. (minus 1 point for loose papers)

 

 

 

An important part of this assignment is for you to experience what professional economists face: Hard-to-find data, buggy computers and software, and nobody to tell you how to present the data effectively. In keeping with this, I will not answer any questions about this assignment. Not even important ones."

 

It is not difficult. Budget 50dollars max.

Subject Mathematics
Due By (Pacific Time) 02/25/2015 11:00 am
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