Monday, February 19, 2007

Social Bookmarks

I searched Diigo for bookmarks that are tagged with the word "economics". I found one person in paricular that had several bookmarks with this tag. Technicolorcvlry's list of bookmarks is not long, but 13 of them are tagged with economics and are of relevance to my field of study. There are some aspects of his annotations that I like, but there is some room for improvement.

The best thing about these annotations is that they are short and to the point. Each annotation is no more than a sentence. They give a clear description of the content of the source. This person was sure not to give a long critique of the site listed. The annotation tells a little about the website, but leaves the reader to come to their own conclusion about the content. The conciseness of the annotations is the best feature of this list of bookmarks.

The downside of having short annotations is that it does not provide much insight as to the content of the link. These short annotations provide little more information than the title of the link. It would be much more helpful if the author of the annotations would explain what type of information was contained in the link. The author should tell whether the source is scholarly or not. They should also discuss whether the link is an editorial, a survey, or just the musings of an individual. It would also be useful if the annotations discussed the author of the link and their credibility.

Visual Representation

There are many useful online resources for economists, but Bloomberg.com has to be the best. It is a website that delivers the latest financial, economic, and business news. One of the most impressive aspects of this website is the visual appeal. Anyone can print simple black and white text, but Bloomberg manages to organize and display their information in a pleasing, user-friendly environment. They have achieved this in the following way.

The first thing that catches one's eye is the "Breaking News" section on the website. This is displayed at the top of the page and contains the titles of all the latest articles. The list is presented in bullet point format with as few words as possible, which gives the reader an idea as to what the article is about, but does not complicate the page with a long description. These small text formatting details make the information easy for readers to navigate and understand. Along with text formatting, the website also makes use of graphics. The most obvious use of graphics is in the right column of the website's main page, which is where they provide graphs and charts of market activity. The use of charts and graphs makes the information easy to read. This would be much more difficult if the information were listed in simple text. The charts show the names of the markets on the left and the important variables along the top row.

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This is an example of the various visual effects that Bloomberg uses. This small graph conveys as much meaning as a lengthy paragraph. The information in the graph shows the price level of the stock and is updated each hour. At the top of the graph there is information about the stock that is color coded and boldly displayed. The text color and font size changes with the importance of the information. The current price of the stock is white, while the stock symbol is blue and bold. The change in price is in the largest font and displayed in either red on blue font, depending upon whether the stock prices falls or rises. The use of fonts, colors, and graphics allows the creators of Bloomberg to streamline their information deliver clear content to their users. This current writing s an example of the advantages that graphics provide. All of the information in this paragraph is also displayed in the graph above, but in a more convenient and easy to read format.

The graphic appeal of Bloomberg.com reaches farther than just the opening page. Clicking on one of the several tabs along the top of the page bring the user to different pages on the website. Under the "market data" tab there is a summary of all the important economic figures. These are subdivided into markets, currency, today's top funds, and commodities, and are highlighted in blue. The information under these headings are highlighted in white and blue alternately. This adds some aesthetic appeal and helps the reader to keep their place on the page.The overall layout of Bloomberg contributes to this purpose. The use of fonts, colors, and images makes the information understandable and easy to navigate.