00;00;08;03 - 00;00;21;00 Unknown The Department of Economics and Business Analytics. CW emphasizes student faculty research. We want our students to move beyond the theory and directly work with data 00;00;21;03 - 00;00;27;10 Unknown taking those classroom concepts and applying them to real world situations. 00;00;27;12 - 00;00;43;25 Unknown Yeah. So we hear about all these headlines and national news such as rising egg prices, gas prices, housing market. But it's not super applicable for a lot of students on campus. The economy is a little bit different when you're balancing a meal plan, a part time job in school. 00;00;43;28 - 00;00;49;04 Unknown month, we collect the local prices of goods and services that are commonly purchased by 00;00;49;04 - 00;00;49;23 Unknown students 00;00;49;23 - 00;00;50;18 Unknown here at central. 00;00;50;18 - 00;00;59;15 Unknown And then we construct the price index and then calculate the inflation rate. And that helps us to better understand the cost of college life. 00;00;59;18 - 00;01;03;01 Unknown it's been a really great opportunity to get some very hands on experience. 00;01;03;01 - 00;01;07;13 Unknown The SBI project looks at how inflation actually impacts students. 00;01;07;13 - 00;01;08;28 Unknown So we generate this 00;01;08;28 - 00;01;11;06 Unknown price index for students on campus 00;01;11;13 - 00;01;13;05 Unknown lets us see at a more 00;01;13;05 - 00;01;16;18 Unknown specific level, how inflation impacts students. 00;01;16;21 - 00;01;19;12 Unknown doesn't just stay in a classroom. Many of us 00;01;19;15 - 00;01;20;27 Unknown the project to the regional 00;01;20;29 - 00;01;22;16 Unknown and national conferences 00;01;22;19 - 00;01;29;28 Unknown Developing those skills in data analysis and in professional communication is a huge part of our 00;01;30;00 - 00;01;33;25 Unknown And it's about learning how to tell a story with the data we find. 00;01;33;25 - 00;01;41;01 Unknown Whether it's research about on campus housing, cost of living, ESU metrics or tuition policy, 00;01;41;06 - 00;01;45;17 Unknown Oftentimes these collaborations lead to coauthored publications. 00;01;45;19 - 00;01;53;24 Unknown We are training students to be critical thinkers who can navigate through the complex economic environment long after they graduate. 00;01;53;27 - 00;01;55;03 Unknown studying the local economy. 00;01;55;05 - 00;01;57;24 Unknown We're building the tools to understand it.