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lecture%205_s

Course: ECON 322, Spring 2011

School: Rutgers

Word Count: 1650

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# Economic data is non-experimental data. We cannot simply classify individuals or firms in an experimental group and a control group. Individuals are typically free to self-select themselves in a group (e.g., education, occupation, product market, etc). 2. Economic models (either simple or sophisticated) are key to interpret the statistical results in econometric applications 2. STEPS IN EMPIRICAL ECONOMIC...

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data Economic is non-experimental data. We cannot simply classify individuals or firms in an experimental group and a control group. Individuals are typically free to self-select themselves in a group (e.g., education, occupation, product market, etc). 2. Economic models (either simple or sophisticated) are key to interpret the statistical results in econometric applications 2. STEPS IN EMPIRICAL ECONOMIC ANALYSIS The research process in applied econometrics is not simply linear, but it has loops. That is, the original question and model, and even the data collection (e.g., search for additional information/variables) can be modified after looking at preliminary econometric results. Keeping this in mind, it is useful to describe the different steps of the research process econometrics: 1. in . Formulation of the question(s) of interest. 2a. Formulation of the economic model 2b. Specification of the econometric model 3. Collection of data 4. Estimation, validation, hypotheses testing, prediction 3a. EXAMPLE: economic model of crime Step 1: Formulate the empirical question(s) Suppose you want to determine the factors that affect an individuals participation in criminal activities. Step 2a: Formulation of the Economic Model = 1 , 2 , 3 , 4 , 5 , 6 , 7 Where, y: hours spent in criminal activity x1: wage for an hour spent in criminal activity x2: hourly wage in legal employment x3: income other than from crime or employment x4: probability of getting caught x5: probability of being convicted if caught x6: expected sentence if convicted x7: age 3a.

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Rutgers - ECON - 322
In-class exercise There are 5 nobel prizes awarded each year: physics, chemistry, peace,medicine and literature. In 1968, the Bank of Sweden added a sixth nobelprize for economics. X: is a random variable that denotes whether theperson won the Economi
Rutgers - ECON - 322
EconometricsEcon 322Fall, 2011OUTLINE1. Syllabus Review2. Appendix A: summation and linear functionsSyllabus ReviewCLASS MEETINGS T,Th: 4:30-5.50 pm@ Murray Hall - 210, Coll. Ave. CampusOFFICE HOURS Tuesday: 2:15-4:15 pm @ NJ Hall - 427, Coll.
Rutgers - ECON - 322
EconometricsEcon 322Fall, 2011OUTLINE1. Syllabus Review2. Appendix A: summation and linear functionsSyllabus ReviewCLASS MEETINGS T,Th: 4:30-5.50 pm@ Murray Hall - 210, Coll. Ave. CampusOFFICE HOURS Tuesday: 2:15-4:15 pm @ NJ Hall - 427, Coll.
Rutgers - ECON - 322
APPENDIX BFundamentals of probability(cont.)1. EXPECTED VALUEThe probability distribution of every RV has 2 main features:Measures of central tendency: median, expected value, meanMeasures of variability or spread: variance and standard deviationIf
Rutgers - ECON - 322
APPENDIX BFundamentals of probability(cont.)1. EXPECTED VALUEThe probability distribution of every RV has 2 main features:Measures of central tendency: median, expected value, medianMeasures of variability or spread: variance and standard deviation
Rutgers - ECON - 322
ECONOMETRICSEcon 322 (01:220:322, Section 4)Department of Economics, Rutgers UniversityFall 2011Practice Problems(based on appendix A, appendix B and chapter 2 of the textbook i.e. Simple Linear RegressionModel)Question1The accompanying table show
Rutgers - 762 - 315
Charter of the New UrbanismThe Congress for the New Urbanism views disinvestment in central cities, thespread of placeless sprawl, increasing separation by race and income, environmentaldeterioration, loss of agricultural lands and wilderness, and the
Rutgers - 762 - 315
10: 762:315:01 Designing CitiesIntroductory Essay and Critical DefinitionsBy Anton Nelessen, M Arch-UD, PP, CNUProgram Director: Planning and Public Policy and Public HealthMost North American cities are in bad shape as sprawl with its auto dependency
Rutgers - 762 - 315
Outline of the preliminary development program and urban design discussed in thesecond classFrom: T. NelessenTHE DEVELOPMENT PROGRAMDetermine population increase through natural increase and in-migrationDetermine the average number of person per hous
Rutgers - 762 - 315
10:762:315:01 Designing CitiesAssociate Professor Anton Nelessen Arch UD, PP, CNUBloustein School of Planning and Public PolicyRutgers UniversityFall 2011Name:_e-mail:_RESEARCH ASSIGMENTPopulation ProjectionsPotential population growth is one of
Rutgers - CALCULUS - 135
Calculus 135Trig Equation Example 1.1The following trig equation from our 9/3 class example was taken from Strauss BradleySmith text 1.1 page 9.Solving2 cos sin = sin for led us to2 cos sin sin = 0 or sin (2 cos 1) = 0From which we get sin = 0 and
Rutgers - CALCULUS - 135
S ome Dif f erentiation RulesThe following pages list various rules for nding derivatives with very basic examples to show howthe rules are used.The following pages are NOT formula sheets for exams or quizzes. The examples areNOT examples or samples o
Rutgers - CALCULUS - 135
Example of Riemann Sums for f(x) = x2 on [2,14] with n = 4 subintervalswith equal length given by (b-a)/n = (14 2)/4 = 3. Sample pts: Left Endptb144a f(x)dx = 2 x2dx i=1 f(xi*)xSubInterval[xi-1 ,xi ]Sample PointLeft Endpointxi* = xi-1Height of
Rutgers - CALCULUS - 135
The following is a graph of the first derivative f(x) of a function y = f(x).You may assume f(x) is defined for all real numbers.y2Use this graph of f(x) to answer thefollowing questions about the graph off(x).y = f(x)1-7-6-5-4-32-1123 4 5 6 78
Rutgers - CALCULUS - 135
The following is a graph of the first derivative f(x) of a function y = f(x).You may assume f(x) is defined for all real numbers.y2Use this graph of f(x) to answer thefollowing questions about the graph off(x).y = f(x)1-7-6-5-4-32-1123 4 5 6 78
Rutgers - CALCULUS - 135
Formula Sheet for Math 135, First ExamThe Quadratic FormulaIf a = 0, then the solutions to the equation ax2 + bx + c = 0 are given by the formulab b2 4acx=.2aExact Trigonometric ValuesFunction \ sin cos tan 0/6/4/3/20 /2 2/213/211 3/2
Rutgers - CALCULUS - 135
Draw a graph of a function y = f(x) which satisfies the following conditions:1. f(x) is continuous and differentiable2. limit f(x) = +oolimit f(x) = -oox-&gt;-5x-&gt;-5+3. f(x) &gt; 0 on (-oo,-5), and (-5,-3);4. f(x) &gt; 0 on (-oo,-5), and (-1,+oo);everywhere
Rutgers - CALCULUS - 135
Draw a graph of a function y = f(x) which satisfies the following conditions:1. f(x) is continuous and differentiable2. limit f(x) = +oolimit f(x) = -oox-&gt;-5x-&gt;-5+3. f(x) &gt; 0 on (-oo,-5), and (-5,-3);4. f(x) &gt; 0 on (-oo,-5), and (-1,+oo);everywhere
Rutgers - CALCULUS - 135
Optimization Problem: A printed page is to contain 50 square inches of printed material. There are tobe 4-inch margins at the top and bottom, and 2-inch margins on each side. What are the dimensions ofthe page will give a page with the minimum area?We
Rutgers - CALCULUS - 135
Calculus 135Practice Problems Set 1This are introductory problems. These problems, for the most part, should be a review ofskills learned in high school algebra.1. Calculation Review.a. Solve for x ifb. Let s =ata+t .x3x5=4Solve for t in ter
Rutgers - CALCULUS - 135
Practice test for exam #2 in MA135In addition to problems on this sheet, students should study webwork problems, assignedhomework, worked examples in the text, review problems at the end of each chapter, andProf Sims and Greenelds sample exams on the w
Rutgers - CALCULUS - 135
Review Problems for the rst exam in Math 135 Spring 2009.NOTE : These are only practice problems!The exam will cover all the material through section 3.5.1. Find the equation of the line that passes through (2, 4) and is perpendicularto the line 2x +
Rutgers - CALCULUS - 135
Find the following limit: limx1+25x7xln y = ln lim21+5x25x7x7xLet y = lim1+xx2= lim ln 1 +x5x7x2= lim 7x ln 1 +x5xln 1 += limxUsing LHopitals Rule, we get:ln y = limx11 + 52x17125x21x2= limx11 + 52x171+F
Rutgers - CALCULUS - 135
7x2x5xThe following uses the natural log function, LHopitals Rule, and no tricks.Find the following limit: limLet y = limx21+5x1+7xNow use the properties of the natural log function to write the exponential expression as a product.Remember,
Rutgers - 670 - 201
Chapter 5 Cloud Development and PrecipitationStability in the atmosphere depends on the change of temperature ina moving parcel relative to its surroundings.In a stable atmosphere, a parcel which is given an upward push willbecome colder and denser th
Rutgers - 670 - 201
Chapter 7: Atmospheric CirculationsScales of Motionsmicroscalemesoscalesynoptic (weather map) scaleplanetary (global) scaleFig 7.2. 7.3, 7.4The formation of a dust devil.On a hot, dry day, the atmosphere next to the ground becomes unstable.As the
Rutgers - 670 - 201
Ch. 8 Air Masses, Fronts, &amp; Middle-Latitude CycloneAir MassesExtremely large bodies of air whose temperature and humidity are similarhorizontally and vertically.Source Regions: area where air mass originates, usually flat and uniformcomposition with
Rutgers - 670 - 201
Ch. 9 ReviewAWIPS Advanced Weather Interactive Processing Systems High speeddata modeling systems: communication, storage, processing, and displayMeteogram chart that shows how one or more weather variables haschanged at a station over a given period
Rutgers - 670 - 201
Tstorms &amp; Tornadoes Ch 10ThunderstormsA storm containing lightening and thunder; convective stormsSevere thunderstorms: one of large hail, wind gusts greater than or equal to 50 knotts, ortornadoOrdinary Cell ThunderstormsAir-mass thunderstorms: lim
Rutgers - 670 - 201
Chapter 12 (14 in 6th ed.) Air Pollution1. Which of the following toxic gas was an important component in London's smoke fogs?a. ozone (O3)b. sulfur dioxide (SO2)c. radon (Rn)d. carbon monoxide (CO)2. The smoke in London smogs came primarily from:a
Rutgers - 670 - 201
&amp;213(0c24)6XgF63034846F3(9F08FCFD74FC7FBFA41F6fF@)FF3(4F0)F9@F8DF38F6(F7F0)Q)FRF630F5)F4(F30FE0616)33(009834@Q63080Q&amp;34)6343(R6R
Rutgers - 670 - 201
Mostly Chapter 11 HurricanesTropical WeatherNoon sun is always high, seasonal temperature changes smallDaily heating and humidity = cumulus clouds and afternoon thunderstormsNon-squall clusters loosely organized clusters of thunderstormsTropical squa
Rutgers - 670 - 201
wkst 8 Air Pressure &amp; WindsMultiple ChoiceIdentify the choice that best completes the statement or answers the question._______1. An increase in the _ in (of) a parcel of air will not cause the pressure to rise.a. number of air moleculesb. vol
Rutgers - 670 - 201
Ch. 4 Humidity, Condensation, &amp; Clouds Remember, humidity is not constant through time or space, there isconstant Circulation of water through the hydrologic cycle - The total amount ofwater vapor stored in the atmosphere amounts to only one weeks sup
Rutgers - WOMEN CULT - 101
Rutgers - WOMEN CULT - 101
Rutgers - WOMEN CULT - 101
Theorizing Difference from Multiracial FeminismAuthor(s): Maxine Baca Zinn and Bonnie Thornton DillSource: Feminist Studies, Vol. 22, No. 2 (Summer, 1996), pp. 321-331Published by: Feminist Studies, Inc.Stable URL: http:/www.jstor.org/stable/3178416 .
Rutgers - WOMEN CULT - 101
Rutgers - WOMEN CULT - 101
HeinOnline - 32 Soc. Probs. 317 1984-1985HeinOnline - 32 Soc. Probs. 318 1984-1985HeinOnline - 32 Soc. Probs. 319 1984-1985HeinOnline - 32 Soc. Probs. 320 1984-1985HeinOnline - 32 Soc. Probs. 321 1984-1985HeinOnline - 32 Soc. Probs. 322 1984-1985Hei
Rutgers - WOMEN CULT - 101
Relating to Privilege: Seduction and Rejection in the Subordination of White.Hurtado, AidaSigns; Summer 1989; 14, 4; ProQuest Direct Completepg. 833Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
Rutgers - WOMEN CULT - 101
Gender &amp; Societyhttp:/gas.sagepub.comTHE FORMATION OF FEMINIST CONSCIOUSNESS AMONG LEFT- ANDRIGHT-WING ACTIVISTS OF THE 1960SREBECCA E. KLATCHGender Society 2001; 15; 791DOI: 10.1177/089124301015006002The online version of this article can be found
Rutgers - WOMEN CULT - 101
Access Provided by Rutgers University at 08/23/11 2:05AM GMTPioneers of U.S. Ecofeminism andEnvironmental JusticeSusan A. MannFrom the late-nineteenth through the early decades of the twentieth century, womenin the United States played important role
Rutgers - WOMEN CULT - 101
Women, Culture and SocietyFall 2011 (988:101:12)Tuesday and Thursdays (8) 7:40 pm-9:00 pmMurray Hall, Rm. 213, College Ave. CampusInstructor:E-mail:Mailbox:Office Hours:Ariella Rotramelrotramel@rci.rutgers.eduWomens and Gender Studies Dept., Rut
Rutgers - WOMEN CULT - 101
R. Claire SnyderWhat Is Third-Wave Feminism? A New Directions EssayMin womens studies tell me they do not knowhow to react when copies of Bitch or BUST show up in their facultymailboxes. They know that the magazines are examples of something called t
Rutgers - ANTHROPOLO - 111
6 June 1980, Volume 208, Number 4448SCIENCEextinctions (3, 4), and two recent meetings on the topic (5, 6) produced no signof a consensus. Suggested causes include gradual or rapid changes in oceanographic, atmospheric, or climatic conditions (7) due t
Rutgers - ANTHROPOLO - 111
Neanderthal Extinction by Competitive ExclusionWilliam E. Banks1*, Francesco dErrico1,2, A. Townsend Peterson3, Masa Kageyama4, Adriana Sima4,Maria-Fernanda Sanchez-Goni5histoire et de Geologie du Quaternaire, UMR 5199-PACEA, Universite Bordeaux 1, CN
Rutgers - ANTHROPOLO - 111
BEERNBONES 6.1Another thing that has happened at my university, that has affected the education, isthat if you dont have a class that has morethan 20 people in it, they usually cancel theclass. So the attention that those of uswould have liked to hav
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Vol 443 | 19 October 2006 | doi:10.1038/nature05195L ETTERSLate survival of Neanderthals at the southernmostextreme of EuropeClive Finlayson1,2, Francisco Giles Pacheco3, Joaqun Rodrguez-Vidal4, Darren A. Fa1, Jose Mara Gutierrez Lopez5,Antonio Santi
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
PERSPECTIVESPA L E O A N T H R O P O L O G YWhither the Neanderthals?Richard G. Kleinwithin 10,000 to 15,000 years. The modernhuman triumph depended on technological, economic, and demographic advantages that were apparently grounded in anenhanced a
Rutgers - ANTHROPOLO - 111
The New Yorker, May 25, 20091 of 12http:/archives.newyorker.com/global/print.asp?path=/djvu/Conde%20Na.8/12/2009 10:54 AMThe New Yorker, May 25, 20092 of 12http:/archives.newyorker.com/global/print.asp?path=/djvu/Conde%20Na.8/12/2009 10:54 AMThe N
Rutgers - ANTHROPOLO - 111
The New Yorker, May 25, 20091 of 12http:/archives.newyorker.com/global/print.asp?path=/djvu/Conde%20Na.8/12/2009 10:54 AMThe New Yorker, May 25, 20092 of 12http:/archives.newyorker.com/global/print.asp?path=/djvu/Conde%20Na.8/12/2009 10:54 AMThe N
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Rutgers - ANTHROPOLO - 111
Ecosystem Collapse in Pleistocene Australia and aHuman Role in Megafaunal ExtinctionGifford H. Miller, et al.Science 309, 287 (2005);DOI: 10.1126/science.1111288The following resources related to this article are available online atwww.sciencemag.or