73-199 Experiential Learning in Business and Economics
3 units, Carnegie Mellon University
Students will collaborate to create an economic newsletter called Southwestern PA Economy in a Snapshot, a regional version of the wellknown national version produced by the New York Fed httpswww.newyorkfed.org medialibrarymediaresearchsnapshotsnapshotjanuary2021.pdflaen. The newsletter will lay the groundwork for a regular online publication produced by Carnegie Mellon Economics, a combination of data analysisvisualization and economic commentary. The ultimate goal is for the newsletter to be a togo economics document for policy makers and business leaders in Pittsburgh and the surrounding region. Students will use a combination of data science skills, computer programming skills, and a basic knowledge of the relevant economic data. They will produce a professional, coauthored report that will serve as a valuable resume item for future career prospects. They will form small teams, each of which will create an Economic Commentary that uses the newsletters data to provide analysis of a contemporary economic issue that is important for the Pittsburgh region. During the tenure of the course, students will also acquire new skills in computer programming, data analysis and economics. The course will contribute. to a broader body of knowledge by obtaining, organizing and publicizing regional economic data where no such product currently exists. It will identify and develop skills needed to approach and tackle a practical problem or issue. That is, students will take skills obtained in the single prereq course Principles of Macroeconomics and combine them with skills that almost all 1st year students take in data analysis and produce a professional piece of economic analysis. They will see how their academic education can be applied in way that this useful to business people and policy makers.
Prerequisites: 73-102 (min C)
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