EC21A/ECON2002
PROBLEM PAPER 2
1.
Item
Government purchases of goods and services
Exports
Receipts of factor income from the rest of the world
Depreciation (consumption of fixed capital)
Net fixed investment
Corporate income taxes
Consumption Expenditures
Chapter 1
Introduction
Introductory Econometrics for Finance Chris Brooks 2014 1
The Nature and Purpose of Econometrics
What is Econometrics?
Literal meaning is measurement in economics.
Definition of financial econometrics:
The application of statistical
Chapter 1
Introduction
Introductory Econometrics for Finance Chris Brooks 2014 1
The Nature and Purpose of Econometrics
What is Econometrics?
Literal meaning is measurement in economics.
Definition of financial econometrics:
The application of statistical
Tutorial Paper 1
1. What is productivity growth? Explain why productivity growth not only allows a society
to have higher living standards in the form of more goods and services, but also allows it
to increase the average persons life that is spent in sch
Chapter 2
Mathematical and Statistical Foundations
Introductory Econometrics for Finance Chris Brooks 2013
1
Functions
A function is a mapping or relationship between an input or set of inputs
and an output
We write that y, the output, is a function f of
Chapter 5
Classical linear regression model assumptions
and diagnostics
Introductory Econometrics for Finance Chris Brooks 2013
1
Violation of the Assumptions of the CLRM
Recall that we assumed of the CLRM disturbance terms:
1. E(ut) = 0
2. Var(ut) = 2 <
Chapter 4
Further development and analysis of the
classical linear regression model
Introductory Econometrics for Finance Chris Brooks 2013
1
Generalising the Simple Model to
Multiple Linear Regression
Before, we have used the model
yt xt ut t = 1,2,.,T
Chapter 3
A brief overview of the
classical linear regression model
Introductory Econometrics for Finance Chris Brooks 2013
1
Regression
Regression is probably the single most important tool at the
econometricians disposal.
But what is regression analysis
Chapter 1
Introduction
Introductory Econometrics for Finance Chris Brooks 2014 1
The Nature and Purpose of Econometrics
What is Econometrics?
Literal meaning is measurement in economics.
Definition of financial econometrics:
The application of statistical
FD1201 BIOTECHNOLOGY QUESTIONS
1. (a)
What is genetic engineering?
[2 marks]
(b)
Explain what transgenic organic organisms are and give an example?
[4 marks]
(c)
With the aid of a diagram explain how genetic engineering was used to manufacture insulin?
[1
9- 1
9- 2
Learning Outcomes
Profit-maximizing firms use an input mix such that the ratio
of marginal products of inputs equals the ratio of input
prices
If input prices change, methods of production will change
to use fewer of those inputs that have bec
7- 1
7- 2
Learning Outcomes
A theory of demand can be built by focusing on bundles of
goods between which the consumer is indifferent
Indifference curves show combinations of goods that give
the same level of satisfaction
A budget constraint shows what
6- 1
Learning Outcomes
6- 2
Marginal utility is a key concept underlying demand
theory
Market price depends on marginal rather than total
utility
Marginal utility of each product diminishes as
additional units are consumed
The negative slope of the de
4- 1
Learning Outcomes
4- 2
How the sensitivity of quantity demanded to a
change in price is measured by the elasticity of
demand and what factors influence it
How elasticity is measured at a point or over a
range
How income elasticity is measured and
3- 1
3- 2
The participants in markets and what motivates
them
The main factors that influence how much of a
product consumers wish to buy
The main influences on how much producers wish
to sell
How consumers and producers interact to
determine the mark
2- 1
Learning Outcomes
2- 2
Difference between positive and normative
statements
How economists set out their theories
How economic data are handled and
graphed
How economic relations are represented in
diagrams
How marginal values are measured
HOW E
1- 1
1- 2
Lecturers
Winston Moore
RM 29 Department of Economics
Tel. 417-4275
Fax 417-4270
Email winston.moore@uwichill.edu.bb
ECONOMIC ISSUES AND
CONCEPTS
Slides by
Alex Stojanovic
with additions by
Winston Moore
1- 3
1- 4
Course Requirements
Course Mat