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I Love FRED

Some Falvey librarians love data, but I love FRED. Since FRED and I don’t have an exclusive relationship, I’d like to introduce you.

My job is to help students and faculty find the data they need. FRED stands for Federal Reserve Economic Data. Its a free online database that evolved to give researchers access to data needed to “understand the Fed’s policy decisions.”(St. Lewis Fed., n.d.) FRED is my helpmate.

Unlike most governmental data sites, FRED is not limited to serving up data gathered and created by it’s parent agency, the Federal Reserve. And you’d be wrong if you assumed that it only covers wonky economic indicators such as GDP, CPI, FDI,  interest rates, unemployment rates or disposable income.

FRED certainly does make data from key federal and international agencies such as the Bureau of Labor Statistics, Bureau of Economic Analysis, and the International Monetary Fund and Eurostat available. But it also hosts lesser known data series from the Energy Information Agency, Federal Highway Administration, the Federal Bureau of Investigation, the U.S. Patent and Trademark Office, the Department of Housing and Urban Development and the Center for Disease Control and Prevention. These data sources are of interest across the social sciences and in STEM fields.

Like most librarians I’m on a budget so I appreciate a cheap date. FRED is free and for me. It hosts a pretty amazing range of select, private data sets from the likes of Haver Analytics, Indeed, National Association of Realtors, Moody’s, Realtor.com, Wilshire and Nikkei. There are robust indices and models built by academics too.

I could go on singing the praises of FRED data, but I’d risk being called a lovesick librarian. Still I can’t help mentioning that the FRED user interface is dreamy. Finding data to download, graph or map is done by keyword or browsing categories or sources. Adding data layers to graphs is intuitive and the options for formatting visualizations are many.

Many relationships involve a bit of regret. Last week I took FRED for granted, FRED wasn’t top of mind when a student stopped by my office looking for big data on housing conditions. She could have had just what she was looking for if I had been more attentive to FRED. Hope she sees this now!


St. Lewis Fed. (n.d.) What is FRED? https://fredhelp.stlouisfed.org/fred/about/about-fred/what-is-fred/


Linda Hauck, MLS, MBA, is Business Librarian at Falvey Library.

 

 


 


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Twelve Business Books for Twelve Days of Christmas

  • Posted by: Linda Hauck
  • Posted Date: December 20, 2023
  • Filed Under: Library News

What could be better than snuggling up with a good book over the holiday break?  It’s the perfect way to unwind after finals and projects and papers at the end of the semester.  Give yourself the gift of reading. Whether your thing is technology, finance, labor relations, DEI, or leadership, Falvey Library has a business bestseller for you!

Visit the Business Bestsellers page to borrow any of these e-books or suggest a title for the collection.


Linda Hauck, MLS, MBA, is Business Librarian at Falvey Library.


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New Business Resource Added: Henry Stewart Business and Management Journals Collection

 

By Linda Hauck

By Centro de Estudios Públicos – https://www.cepchile.cl/CEP40Aniversario, CC BY 2.0 cl, https://commons.wikimedia.org/w/index.php?curid=112613569

 

Falvey offers extensive access to commercial journals published by Elsevier, Sage, Wiley, Emerald, Taylor & Francis, Springer-Nature, Oxford University Press, and Cambridge University Press, among others. Many factors are taken into consideration in negotiating access to these very costly resources, including alignment with curricula and research activity, journal impact or prestige, indexing, cost structure, actual usage, turn-a-ways, and stated demand.

A faculty member noted high quality, peer-reviewed journal articles relevant to a frequently offered graduate course were accessible using Business Source Premier and SCOPUS, two recommended database for business, and the Library Search Articles and More tool, but access to full text access was only available via interlibrary loan. The faculty member submitted a request for purchase.

As is often the case, the cost of subscribing to the single journal was quite high, but the journal was part of the Henry Stewart Business and Management Journal Collection, which maps to multiple disciplines taught at the Villanova School of Business, including digital marketing, real estate, data analytics, and supply chain management. Bundled with our HSTalks instructional video collection, the Library was able to negotiate for the Henry Stewart Business and Management Journals Collection.

Students and faculty now have immediate access to current issues and backfiles of these journals that publish papers written by applied scholars and seasoned practitioners.

Link to the full text of 22 Henry Stewart journals by using the “find it” button in Business Source Premier or SCOPUS, or by using the Journal Finder.


Linda Hauck, MLS, MBA, is Business Librarian at Falvey Library.


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New Business Resource Added: Dealscan

By Linda Hauck

 

Villanova students and faculty now have access to Dealscan. Dealscan provides data on the global commercial loan market.  The data from Thomson/Refinitiv and hosted on the Wharton Research Data Services (WRDS) platform provides detailed information about lenders, borrowers and loan deals, tranches, pricing, terms, and conditions.

Loan data is widely used by financial, economic, and accounting researchers.  Some recent topics examined with Dealscan data include the following:

Villanova community members can register for on and off campus access to WRDS access by registering and using DUO two-factor authorization.

 


Linda Hauck, MLS, MBS, is Business Librarian at Falvey Library.


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Women & The Nobel Economics Prize

Credit: Ill. Niklas Elmehed © Nobel Prize Outreach This use is strictly editorial. This permission is free of charge, according to https://nobelprize.qbank.se/mb/?h=f142eee16bc09dd5247dd753fd9ef889

On Oct. 9, 2023, the Nobel Memorial Prize in Economic Sciences was awarded to Claudia Goldin, PhD, the first woman to be awarded the prize solo and the first woman offered tenure by Harvard’s economics department.  Dr. Goldin’s work has been centered around documenting and understanding the history of women’s labor force participation and the gender wage gap.  Her work has important  implications for labor market, educational and social welfare policies.

Dr. Goldin’s work is not confined to understanding disparities, but extends to correcting them.  Across academia men economics majors outnumber women at an alarming rate. In an IMF podcast Dr. Goldin observed: “Men think economics is about finance so they take economics. Women think economics is about finance, so they don’t take economics. Women believe economics is not about people, that psychology is about people, which is what many women end up majoring in. We have to do better in teaching them that economics is about people.” Dr. Goldin was the principal investigator in a the Undergraduate Women in Economics Challenge, which was an experiment that incentivized colleges and universities to implement creative interventions to improve the popularity of majoring in economics to women.

Cheryl Carleton, PhD, Associate Professor, Economics, who teaches Women in Economics ECO 3118, noted that Villanova is working to “increase diversity overall, which includes women.” According to the Federal Reserve, 7% of white men and 6.4% of underrepresented men major in economics at Villanova University, whereas only 2.5% of  white and underrepresented women major in economics.  At Villanova, significant gains have been made by hiring more diverse faculty who bring “new methodologies, which appeals to a broader audience, including women.”

Dr. Carleton noted that Mary Kelly, PhD, Associate Chair, Economics, has been active in promoting a diverse range of events and speakers to appeal to a broader range of students.  The most recent Economics Department newsletter documents these efforts.  Carlton trusts these initiatives “inspires [women & underrepresented students] to take some economics courses and thus they are more able to use the tools of economics throughout whatever career path they choose.”

Below is sample of the books Goldin’s authored, co-authored and edited in our collection:

Many of Dr. Goldin’s papers are published in the most prestigious economics journals.  The breadth of her research is thrilling.  You can browse the papers on EconLit here.

Finally, Dr. Goldin’s devotion to a rigorous scientific method is expressed via the many datasets she collected and made accessible for replication and further uses via the Inter-University Consortium for Political and Social Research.


Linda Hauck, MLS, MBA is Business Librarian at Falvey Library.


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New Resource: Pitchbook

Photo by krakenimages on Unsplash

By Linda Hauck

Villanova faculty and students now have access to Pitchbook. Pitchbook provides data on companies, investors, and deals in the private equity and venture capital space.

Pitch book offers screeners for companies, deals, funds, investors, and service providers. These are not your typical screeners limited to filtering by geography, profitability, and industry.  The screeners are much more granular than most, including specialized criteria relevant to rapidly evolving businesses with deal types, debt characteristics, web and social media metrics, verticals, and patent holdings, to name a few.

The Pitchbook Library Research Center has reports on industries, technologies, and public and private market performance and benchmarks. Here, you’ll find surveys on sustainable investment, European M&A activity, and reports on agtech and food as medicine. Pitchbook is the best tool at our disposal for learning about emerging businesses. If you’re looking for firms working on renewable ocean energy, youth banking, anti-aging, smart packaging, or cannabis beverages, browsing the emerging spaces will get you there.

Use cases for Pitchbook include business development and marketing, tracking competitors investments, environmental scans for innovative products and services, finding potential investors,  analyzing industry and vertical trends, and finding Villanova alumni.

Access Pitchbook with your Villanova email address.  Downloading is limited and regrettably our subscription does not include live support, the mobile app or Excel add on.

 


Linda Hauck, MLS, MBA is Business Librarian at Falvey Library.


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Sports Business Research Network (SBRnet) Premium Data

By Linda Hauck

Falvey now has access to premium data on the Sports Business Research Network (SBRnet), which conducts twice yearly consumer surveys of a representative sample of U.S. consumers 13 years and older.  The surveys include questions about sport and team fandom by demographic characteristics (gender, age, income, geography, and education), media usage (social media, device usage, and channels watched), spending on merchandise, sports travel behavior, and select food and beverage consumption patterns and insurance, banking, and credit usage.

This new content compliments the news, directories and additional data sets in SBRnet. There are directories for sports venues, marketing agencies,  sport associations and team and player performance sites.  Its a one-stop shop for sporting goods spending, participation, attendance, fan demographics, and media usage data, downloadable in Excel format. Use it to keep up to date on business developments on everything from baseball to fantasy football, sports gambling, pickleball, and sports law to name just a few topics.

SBRnet is a top pick for sports analytics, marketing and management students.


Linda Hauck, MLS, MBA is Business Librarian at Falvey Library.


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A Faculty Perspective on Using OER in the Classroom

Dr. Alicia Strandberg, a recipient of the 2022-23 OER Faculty Adoption Grant, shared reflections about using open educational resources in MSA 8115, a graduate level course on Multivariate Data Analysis.    The questions I asked her about are in bold and a loosely transcribed summary of Dr. Strandberg’s responses follow.

Why did you choose free to use, open licensed books instead of commercial textbooks for this course?

The students in this course have unique characteristics.  The program is 100% online and this is the final course in a cohort sequence.  I needed resources for all different types of learners coming from different backgrounds.  The age and work experience distribution is broad.  Some students are recent undergraduates, others have extensive work experience.  There isn’t one book to meet their varied needs.  I was fortunate that the standard textbook is open.  The additional texts I discovered while preparing the course.  I found them useful for offering an alternative perspective, so thought students might too.

I didn’t want to overwhelm students with resources, so it is important to find a balance.  If using multiple resources, I recommend labeling key and optional materials.  Beyond that it is helpful to specify which optional materials are helpful for students struggling with specific topics.  In my experience, students are less likely to use an undifferentiated list of resources, they are more likely to use them when given a path mapping topics to resources.

One shortcoming is that I’m not aware of a way to track student usage of these materials.  It would be helpful to know how often students utilize these resources and which materials are more popular or less popular.

Tracking usage is a key feature of many online learning systems because it can be used to determine where students have difficulties and need more support, but it also may undermine privacy and have a negative effect on the student-faculty relationship…

I agree there are some concerns there, but I don’t need personalized data. I would love to have information that showed how many students used a resource, such as in a class of twenty five, seven students used one resource. I don’t need to know which seven students may have used it.  That may tell me where more attention needs to be focused.  Meaningful insights can be given by counts.  For example, knowing if there were seven different students or the same one student revisiting a resource could help me address or change my approach to some of the topics.

Were the open resources different than commercial textbooks you’ve used?

I don’t think the textbooks themselves were different, but how students accessed them was.  Because it’s an online course all materials were supplied as links.  I did recieve feedback from a small group of students that they missed paper textbooks and some purchased paper editions, but that is a very small group of students.  So I think it is working well.

What works was involved in redesigning the course around openly licensed books?

It helps that I was the creator of the course.  Because it was going to be an online course, in the design phase we were encouraged to look at open materials and we were challenged to keep costs low for students especially because they are paying graduate tuition.  It was a bit of luck that I really liked the main textbook and it is open.  It is an intermediate book, so I knew for some students it would be challenging to jump in. I needed other resources for students who might need to catch up to the intermediate level.  Faculty collaborated in workshops when designing this program and some of the supplementary materials are used in other courses too.

That’s great, I didn’t realize that on the faculty team level there was such a focus on choosing open and affordable materials.  Do you think that orientation is common or maybe specific to this program.

I think there are bright spots where it is really encouraged and other places where it might be mentioned. In my experience I see it more often at the graduate level.  My undergraduate courses use commercial textbooks, and I don’t think it is realistic to use all open materials, but I do like to use open source materials as optional  resources whenever possible.  That way students that need extra support don’t have to pay an extra fee for materials.

You received a small award for using open educational resources. Do you think this is a good way to encourage adoption of OER?  Can you think of other services that the university could provide?

I’m very grateful to have received this award. This award highlights that open educational resources are  of value to Villanova. The award brings awareness.

To spread the word and have more involvement, I believe taking a team approach would be beneficial.  It would be helpful to know where to find open resources and library resources, knowing that at the end of the day everything we do is to make our students stronger and more capable and successful.  If we can make that path a little easier by relieving the burden of some textbook costs, that’s a good thing to do.  Having conversations at faculty and program meetings will get more people to think about it.

Do you think using OER had any impact on the classroom dynamic?

In all my classes I like to believe students get the most from being in the (virtual) classroom and participating in active classes.  The materials help aid our discussion. Assuming my belief its true, I don’t think there is much difference between a commercial or open textbook, assuming they are both of high quality.

I have had conversations with colleagues about what students do when they need help in the moment, since faculty cannot always be immediately available.  In these moments, many students turn to the internet, where they may or may not find relevant materials or high quality information.  I like to think that when I recommend websites and open source materials on Blackboard, my students will turn to those first.  I know that part of my job is to enable students to recognize quality material too.

Do you have any advice for colleagues that may be considering using OER?

You don’t have to change your primary textbook.  I would start small.  For me what worked well was adding OER as additional resources, then telling students which chapters in the open access resources supplement the primary textbook is helpful.  You don’t have to do this for every topic.  I started by paying attention to patterns in the emails student sent looking for clarification on specific topics.   The questions weren’t evenly distributed, so I focused on the challenging topics.  This approach actually lessened the volume of emails students sent asking for help.  Both sides win;  students get what they need and it eases the workload for faculty.  I like to remind students about these resources, letting them know that I will always respond to their questions but they may be able to get help in the moment by using the recommended OER.


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Research Consults for Data & Statistics

By Linda Hauck

One of the favorite parts of my job is to support students in their search for data and statistics. Some students needs are met by a quick search in Statista, a database that aggregates data and statistics on a wide range of topics or a smart google search employing filetype:xls or site:.gov. These quick solutions are satisfying, for sure, but the real fun happens when students need multiple datasets for data analysis, or a research methods project.

To help these students, I start the conversation by asking about their topic and how they envision using data. We talk about their ideal dataset keeping in mind how it might be generated, who is likely to collect the data, what frequency, granularity, time period, populations, and geographies are needed. If there is an agency or organization that is obviously most likely to compile the idea dataset, it makes sense to start there. If not, doing a scholarly literature review and focusing on the data or methods section of papers will point to potential sources.

This data exploration process can be time consuming but fun!

Grace Liu, Business Librarian at West Chester University, with the advice of Bobray Bordelon, Economics & Finance Librarian/Data Services Librarian at Princeton University distilled the process in this neat infographic.


Linda Hauck, MLS, MBA is Business Librarian at Falvey Library.


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New Resource: ISS Directors and NEO Diversity Data

By Linda Hauck

Villanova faculty and students now have access to the ISS Directors and NEO Diversity Datasets.  The datasets encompass over 27,000 companies, globally.  Characteristics of company board members and named executives are documented.  This is a unique data set because not only are age, nationality and gender of persons recorded but ethnicity is as well.  Ethnicity data sources are by firm disclosure, by survey feedback, and analyst identification.

It is a well documented and rich source of information about company diversity policies, statements and goals too.   Outcomes backed up by numbers and percentages of board and officer composition by ethnicity, gender, age, tenure, and experiential factors are presented. The complete data dictionary is available here.

At present this data is available by SFTP via FileZilla or WinSCP.

Instructions are available here and linda.hauck@villanova.edu or ref@villanova.edu will share the password with authorize users. It is expected that this data will be on WRDS (Wharton Research Data Services) later in the year.  Contact linda.hauck@villanova.edu if you would like to schedule a training session.

 


Linda Hauck, MLS, MBA, is Business Librarian at Falvey Library.


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Last Modified: February 13, 2023

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