Information Items

This Module deals with the ways in which we measure the economy. Chapters 5 and 6 is the reading here.You will be asked to:

• do a Web Assignment about the Underground Economy
• do a Web Assignment about the Qulaity of Life Index

• answer Written Assignment questions where Chapters 5 and 6 will be helpful
• take Exam 4

The following sums up the work of econometricians (people who collect data on the economy):

Three econometricians went out hunting, and came across a large deer.

The first econometrician fired, but missed by a yard to the left.

The second econometrician fired, but also missed, by a yard to the right.

The third econometrician didn’t fire, but shouted in triumph, “We got it! We got it!”

“Original document by Peter Turner licensed CC BY”