Week13IntroductiontoMacroeconomics(Chapters16and17)
1.Intheyearsto2050theJapanesepopulationisexpectedtodecline,whilethefractionofthe
populationthatisretiredisexpectedtoincreasesharply.Whataretheimplicationsofthese
population changes for total output and a
ECON330: Econometrics
David Kang
Fall 2016
Week 3 - Instrumental Variables (IV) Estimation and
Two Stage Least Squares (2SLS)
David Kang (Lancaster University)
Econometrics (ECON330)
1 / 78
1
Motivation
2
Instrumental Variables (IV)
3
Properties of IV est
ECON330: Econometrics
David Kang
Fall 2016
Week 2 - Multiple Regression
David Kang (Lancaster University)
Econometrics (ECON330)
1 / 52
Section 1
Regression and Causality
David Kang (Lancaster University)
Econometrics (ECON330)
2 / 52
Regression and Causa
ECON330: Econometrics
David Kang
Fall 2016
Week 1 Simple Regression
David Kang (Lancaster University)
Econometrics (ECON330)
1 / 73
Part I
Definition and interpretation of
regression
David Kang (Lancaster University)
Econometrics (ECON330)
2 / 73
1
Motiva
ECON330: Econometrics
David Kang
Fall 2016
Week 0 Introduction
David Kang (Lancaster University)
Econometrics (ECON330)
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Syllabus
This is an introductory econometrics course which
assumes no prior knowledge on econometrics;
focuses on both theoretic
ECON330: Econometrics
David Kang
Fall 2016
Week 3 - Heteroskedasticity & Dependence
David Kang (Lancaster University)
Econometrics (ECON330)
1 / 35
1
Introduction
2
Consequences of heteroskedasticity
3
with heteroskedasticity
Var()
4
Detecting heterosked
MOBLAB GAME TODAY
PLEASE LOG IN NOW
Econ 102 Class Code: sjurh74u
S
ECON 102: Week 1
INTRO DU C TIO N TO THE CO U RSE
TH I NK I NG L I K E AN ECO NO MI ST: C H APTER 1
MARK ETS, SU PPLY AND DEMAND: C HAPTER 3
Introduction to ECON 102
This course is divid
Econ 102: Week 2
MARK ETS, SU PPLY AND DEMAND: C HAPTER 3
ELASTIC ITY: C HAPTER 3
EF F IC IENC Y AND EXC HANGE: C HAPTERS 3, 6
Last Week
Thinking like an economist: some basic economic principles (Ch. 1)
Economics and scarcity
Cost-benefit principle
Oppor
Econ 102
Tutorial Week 4
David Rietzke
1. For the consumption bundle (x1, x2), Tims marginal rate of substitution
between goods 1 and 2 is given by:
$,& =
2&
3$
Consider the three particular bundles: A = (3, 1); B = (6, 2); C = (4, 4)
ECON 102
Tutorial Week 2
David Rietzke
1. Mike is currently taxi driver in Manchester. Each hour Mike operates his taxi
costs him 5 in petrol. The total revenue that Mike expects to bring in from
operating his cab for h hours is given in the foll
Econ 102: Week 3
(CHAPTER 4) DEMAND: THE BENEFIT SIDE OF THE MARKET
Outline
Where does market demand originate?
individual preferences, constraints, choice,
Describe choices of individuals
rational choice model (aka indifference curve analysis)
model pre
ECON 102: WEEK 4
Cost and Production: Chapter 5
Outline
This week we will zoom in on the supply side of the
market
Re-visit the law of supply and relate to opportunity cost
The production function, and marginal product
Cost curves
Profit maximization
Econ 102: Week 3
(Chapter 4) Demand: The Benefit Side of the
Market
Outline
Where does market demand originate?
individual preferences, constraints, choice,
Describe choices of individuals
rational choice model (aka indifference curve analysis)
model pre
ECON 102: WEEK 1
Introduction to Econ 102
Thinking Like an Economist: Chapter 1
Markets, Supply, and Demand: Chapter 3
Introduction to Econ 102
This course is divided into five parts:
Microeconomics 1: Weeks 1-6 (David Rietzke)
Microeconomics 2: Weeks
Some more examples and solutions for lecture 1 (Solutions next
pages)
1.Simplify (no calculators)
7 2
(a)
3 9
1 1 1
( b)
2 3 4
(c) -1+
8 2 1
9 3 5
2. Simplify
6 a
(i)
a 4
1 2
(ii)
a b
(iii)
a
b
a -1 b 1
(iv)
ax 2 bx
a -1 b 1
3. Solve the folowing si
Lecture 1 A refresher
In this lecture I wish to refresh your knowledge of three topics which are often
encountered in providing solutions or insight into the solutions of economic models.
The first of these is how to manipulate fractions.
We first conside
Econ 102
Tutorial Week 4
David Rietzke
1. For the consumption bundle (x1, x2), Tims marginal rate of substitution
between goods 1 and 2 is given by:
$,& =
2&
3$
Consider the three particular bundles: A = (3, 1); B = (6, 2); C = (4, 4)
Econ 102
Tutorial Week 3
David Rietzke
Required Questions
1. Dimethylpolysiloxane is a chemical used in the U.S. to produce various items
sold by fast food restaurants, like McDonalds. Graphically illustrate and
explain what would happen in
Econ 102
Tutorial Week 5
David Rietzke
Required Questions
1. Marthas current marginal utility from consuming orange juice is 75 utils per
centilitre and her marginal utility from consuming coffee is 50 utils per
centilitre. If orange juice costs
ECON 102
Tutorial Week 2
David Rietzke
1. Mike is currently taxi driver in Manchester. Each hour that Mike operates his
taxi costs him 5 in petrol. The total revenue that Mike expects to bring in
from operating his cab for h hours is given in the
DEPARTMENT OF ECONOMICS
Econ 228: GAME THEORY 2016-17
COURSE AIMS & OBJECTIVES, KEY SKILLS AND LEARNING OUTCOMES
Course Aims & Objectives:
This course aims to familiarise students with strategic decision making and develop analytical skills
which can be u
ACF 100 TEST QUESTIONS, SOLUTIONS AND FEEDBACK
Overall Feedback
This was a very time-pressured test and it wasnt necessary to finish it to get a good mark.
Dont let time pressure worry you it is there to make sure you work efficiently and it also
rewards
Department of Accounting and Finance
AcF 350a: Career Skills in Accounting and Finance
Summer Term 2016: Group Presentation Assignment
1. Overview
This document provides an overview of the group presentation exercise scheduled for
June 18th (Day 3 of the
40
30
20
10
-3
-2
-1
0 0
1
2
x
3
4
y e x ex
dy
e x e
dx
dy
0 x = 1
dx
when
d2y
d2y
x
e
so
0 when x = 1 a minimum
dx 2
dx 2
3
2.5
2
1.5
1
-4
-2
0
2
x
4
yx loge x
dy
1
1
dx
x
when
dy
0 x = 1
dx
d2y 1
d2y
so
0 when x = 1 a minimum
dx 2 x 2
dx 2
50
40
30
AcF 214: Principles of Finance
Dr Alexey Akimov
Course objectives
Central aim: Describe the theory and practice of financial
decision making
Applying the principles discussed in Ac.F100/Ac.F263
Provide the basis for advanced courses, e.g.,
Ac.F215: Adv
AcF 100: Lent term test 2016
Question 1 (10 marks)
a) An Investment opportunity requires a 700 upfront payment and provides
receipts of 200 in year 1, 150 in year 2, 220 in year 3 and 300 in year 4. All
receipts are received at the end of each year.
i)
If