Topic #3
General Equilibrium
Our consumer theory will have a framing premise and three assumptions. A framing premise is something that cant be proven its either accepted or rejected. Our framing premise is that individuals are self-interested. That is, t
ECON 600
Lecture 9: Strategic Commitment
Weve already discussed strategic commitment in a couple of different contexts, but now we are going to be more specific and rigorous about it. The key point to understand about strategic commitment is this: it some
Econ 1101-38
Homework 2 Consumers Choice
Due Wednesday, October 18th, 2006 Correct answers in bold. Be sure to read the syllabus to review policies on homework. Homework is due at the beginning of recitation. Be sure to label all graphs. Be clear and conc
PL503 / Green Lecture 3 The basic linear model consists of a dependent variable (Y, an n x 1 vector), independent variables X (an n x k matrix, the first column of which is a vector of ones), B a (k x 1) vector of coefficients, and U (an n x 1 vector of d
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Fc
) SR / M)/USSR/(N-K-1)]cted iicted S/USSR/(N-K-1)]nr estriRestrRestr i cted R-USSR /nrnr estr nrestr nr estri icted M)/USSR/(N-K-1)] U U estrRctedestrRestr cted R R iU R nr estr cted U estr icted estr iU U iUnr cted icted cted 0.033450/ (156-11).4623
Lecture 1 Regression Analysis and Extension (Review of Added Issues)
Read: Wooldridge* Ch. 4 Verbeck* Ch. 2,3, and 4.10 Green Ch. 2,3,4,6
2
Linear Algebra of OLS Estimation Classical Regression Model
y i = 0 + 1 x1i + + k x ki + ei , i = 1, , n, x k 1 e1