Posted: September 6th, 2023
Explain 3 different types of IOA
Explain 3 different types of IOA. Include: a sentence of two about what it is, how you calculate them and the benefits of using that type of IOA.
Input-Output Analysis (IOA) is a technique used in economics to examine the interdependence between different economic sectors. Here are three types of IOA:
Direct requirements coefficients: This IOA measures the amount of input required from each industry to produce one unit of output in a particular industry. It is calculated by dividing the amount of input used by an industry by the amount of output produced by that same industry. The benefit of using direct requirements coefficients is that it helps policymakers and business owners identify the sectors that require the most input to produce goods and services, thereby informing decisions about investments and resource allocation.
Indirect requirements coefficients: This IOA measures the amount of input required from each industry to produce one unit of output indirectly (i.e., through the supply chain) in a particular industry. It is calculated by multiplying the direct requirements coefficients by the technical coefficient matrix. The benefit of using indirect requirements coefficients is that it enables policymakers and business owners to understand the broader economic impact of changes in demand or supply in a particular industry, which can inform decisions about policies and investments.
Multiplier effects: This IOA measures the total impact of a change in one sector on the rest of the economy. It is calculated by summing the direct and indirect requirements coefficients across all sectors. The benefit of using multiplier effects is that it allows policymakers and business owners to estimate the overall economic impact of a change in one sector, such as a change in government spending or a change in export demand. This information can inform decisions about macroeconomic policies and business strategies.
Research Summary Assignment
Provide the full APA citation for the article you are summarizing:
Provide an abstract of the article (no more than 200 words):
Briefly summarize the study. Include all variables of interest (i.e., DV, IV, etc.), participants, the results, and implications of the results.
Describe the dependent variable(s) of the study. Include behavioral definitions, measurement, and data collection of the variable(s).
Describe the independent variable/intervention implemented. Include how the intervention was implemented, data collection, mastery criteria, etc.
How many participants were selected? What is the relevant information (demographic, clinical, academic, etc.) of each participant? Why were these participants selected?
Experimental Design & Procedure:
Summarize the experimental design of the study (pre-posttest, ABAB reversal, multiple baseline, descriptive statistical analysis, etc.). Describe the sequence of conditions (e.g.., when did the researchers stop the intervention and conduct post-intervention probes?)
Summarize the results of the study. Include any trends (i.e., ascending, descending, no trend) or data analysis across independent variable conditions.
What is the educational or social significance of the results? Did this study fill in any gaps in the research literature? What are the suggestions or implications of the results?
Comments, commendations, critique:
Provide any comments about the study, changes you would make to the procedure, questions you still have regarding the results, criticism of the methods or principles, etc.
The graphs can be done via hand or by excel the choice is yours. I will be posting a video showing the basics of excel today.
1. Create a graph that shows an increasing trend (at least 3 data paths).
2. Create a graph that shows a decreasing trend (at least 3 data paths).
3. Create a graph that shows a variable but increasing trend (at least 5 data paths).
4. Create a graph that shows a variable but overall decreasing trend (at least 5 data paths).
5. Create a graph that shows a stable state of responding (at least 5 data paths).