Outline the assumptions in the Rees Model that give it anti-union bias
Assumptions:
1. all workers are employed at point Wu with its corresponding L2
2. the number of working unionized workforce is L2 and both demand
curve have the same slope
3. L2-L1work
The objective of this weeks labs is to demonstrate the estimation of panel regressions
using both pooled OLS and Least Squares Dummy Variables.
What is the price elasticity of demand for wine in Canada? To answer this question, we
obtained panel data for
Concerns of DIL
Revenue recognition policy
It may be inappropriate for Tropical to recognize revenue on juices shipped to distributors but
not yet sold by them.
Although this issue is not specifically addressed by the joint-venture agreement, revenue shou
Concerns raised by previous owners of Bottle
Advertising costs
The advertising costs of Citrus for its own products have been partly allocated to Tropical. One
could argue that this is properly chargeable in accordance with section 2(b) of the agreement.
The IASBs Framework for the Preparation and Presentation of Financial Statements states
Information is material if its omission or misstatement could influence the economic decisions
of users taken on the basis of the financial statements. Materiality dep
Changes in capital structure
If the convertible debentures are, in substance, permanent equity of CDL, then their
classification as shareholders' equity is appropriate and gives the proper presentation of the
economic substance of the transaction. Therefo
Relationship Between Consumption and Income
Data
Consumption (
Income
Yi )
(X i )
1
2
2
3
5
10
3
7
4
8
Note: n = 6; X = 6; Y = 3 (n is the number of pairs of observations)
Scatterplot:Consumption (Y) vs. Income (X)
5.00
Y
4.00
3.00
2.00
1.00
2.00
4.00
6.0
CENTRAL LIMIT THEOREM: STATEMENT
Consider a large population:
Population mean= Y
Population variance = 2 Y
Take all possible samples of size n from this population and compute the sample means
Y . The Central Limit Theorem states the following:
1. The mea
LEARNING OUTCOMES FOR TOPICS GIVEN IN THE COURSE OUTLINE
Chapter 1: Economic Questions and Data
The student should be able to
1. Explain what econometrics is about
2. Identify types of questions handled in econometric analysis (in econometrics these
quest
The objective of this weeks lab is to demonstrate the use of binary variables in
econometrics. As indicated in class, binary variables can be used in the analysis of
earnings discrimination cases.
Consider the model AHEi = 0 + 1 AGEi + u i where AHE and A
The objective of this weeks labs is to demonstrate the estimation of panel regressions
using both pooled OLS and Least Squares Dummy Variables.
What is the price elasticity of demand for wine in Canada? To answer this question, we
obtained panel data for