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Question:
0
From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while
the supply of high school (no college) graduates shrunk. At the same time, the average real wage of
college graduates stayed relatively stable
ECON 330 Lecture 9
March 6/7
The lecture
Please turn off your phones.
The monopoly equilibrium
DWL, Consumers Surplus, Efficiency
Todays lecture
I.
Book publisher monopoly example
II. Estimating the DWL for real world industries
III. The dominant firm mod
Econ 330 / Mgec 330
Industrial Organization
Murat Usman
Lecture 1
February 6/7
Lecture plan
A short message for the students on the waiting list
Syllabus
Book. Attendance. Classroom conduct. Lecture notes. Exams.
Make-up exams. Early final. Grading. Stu
TURN IN YOUR HOMEWORK #1
ECON 330 Lecture 2
February 8/9
Announcements
Website https:/ku.blackboard.com
Syllabus, homework #1 (due today), lecture notes (for L1), and first three
pages of Chapter 1 of the textbook are posted.
If you are waiting for consen
nsan TUNALI
Econ 311: Introduction to Econometrics
November 17, 2016
Answers to ASSIGNMENT 7
See STATA supplement e311a7s.pdf
Part I. Problems: Stock & Watson (GLOBAL Updated 3rd Ed!)
The answers have mostly been supplied by the publisher.
4.3. (a) Slope:
nsan TUNALI
Econ 311: Introduction to Econometrics
24 November 2016
Answers to ASSIGNMENT 8: Simple Regression 2
See STATA supplement e311a8s.pdf
Part I. Problems: Stock & Watson (GLOBAL Updated 3rd Ed!)
5.3. The estimated slope (1) informs us that an add
nsan Tunal
Econ 311: Introduction to Econometrics
20 October 2016
ANSWERS TO ASSIGNMENT 3: Continuous random variables and distributions
Part I. Old Exam question
(20 points) Consider the two probability distributions given below.
The c.d.f. F(x) of a con
nsan TUNALI
Econ 311: Introduction to Econometrics
1 December 2016
Answers to ASSIGNMENT 9: Multiple Regression
See STATA supplement e311a9s.pdf
Part I. Problems: Stock & Watson (GLOBAL Updated 3rd Ed!)
1.
S&W 6.9:
(a) Write down the population regression
nsan TUNALI
Econ 311: Introduction to Econometrics
November 17, 2016
STATA Supplement for ASSIGNMENT 7
Part III. STATA Exercise 2: Empirical Exercise E4.2 in S&W (GLOBAL Updated 3rd Ed!)
. use Ernings_and_Height.dta
.* (a)
. sum height, det
height
-Percen
nsan Tunal
Econ 311: Introduction to Econometrics
10 November 2016
Answers to ASSIGNMENT 6: Simple Linear Regression
Part I. Linear Regression by hand:
The following sample on (X, Y) has been obtained from 6 fishing villages on the Black Sea Coast.
Here Y
nsan TUNALI
Econ 311: Econometrics I
7 October 2016
ANSWERS to ASSIGNMENT 1
See Excel supplement, e311a1e.xls.
Part I.
1. Sample conditional mean function (cmf) of price (column 3) given age (column 2):
Subsample
Age
Mean price
No. of obs.
1
2
3
4
5
6
7
8
nsan TUNALI
Econ 311: Introduction to Econometrics
27 October 2016
ANSWERS TO ASSIGNMENT 4: Population Moments and Random Sampling
Part I. Uses of Moments: Stock & Watson, Ch.2
2.21. (a) E ( X )3= E[( X ) 2 ( X )]= E[ X 3 2 X 2 + X 2 X 2 + 2 X 2 3 ]
3
E (
nsan TUNALI
Econ 311: Introduction to Econometrics
22 December 2016
ANSWERS TO ASSIGNMENT 11
See STATA supplement e311a11s.pdf
Part I.
1. Since n (= 4000) is large, practical inference can be based on the F(3, ) distribution. The
critical value for the 1%
nsan TUNALI
Econ 311: Introduction to Econometrics
Answers to ASSIGNMENT 5
Part I. Inference on random samples drawn from Bernoulli
November 3, 2016
(Part I, problem 3.3 contd.)
2
Part II. Inference on random samples drawn from unknown distributions
3
4
P
nsan TUNALI
Econ 311: Introduction to Econometrics
22 December 2016
STATA Supplement for ASSIGNMENT 11
Part II. STATA Exercise E7.2
. use "C:\Econ 311\Earnings_and_Height_cm.dta", clear
. tab sex
Sex |
Freq.
Percent
Cum.
-+-0:female |
9,974
55.81
55.81
1:
nsan TUNALI
Econ 311: Introduction to Econometrics
13 October 2016
Answers to Assignment 2: Discrete random variables and distributions
Part I. Univariate discrete random variables
The following table was obtained from the records of a large insurance com
nsan TUNALI
Econ 311: Introduction to Econometrics
1 December 2016
STATA Supplement for ASSIGNMENT 9
Part II. STATA Exercise E6.2
. use birthweight_smoking.dta", clear
.* (a)
.* Short:
. regress birthweight smoker, robust
Linear regression
Number of obs
F
nsan TUNALI
Econ 311: Introduction to Econometrics
24 November 2016
STATA Supplement for ASSIGNMENT 8
Part II. STATA Exercises
(1) Exercise E5.1.
. use Ernings_and_Height.dta
.* (a)
. regress earnings height
Source |
SS
df
MS
-+-Model | 1.4086e+11
1 1.408
ECON 100 Lecture 24
Monday, December 19
Tuesday, December 20
Announcements
1. Course webpage https:/ku.blackboard.com/
2. Attendance records updated. (Course content section PDF file)
Class participation
Your in-class exercise is your participation record
Turn in your homework!
ECON 100 Lecture 8
Wednesday, October 19
Thursday, October 20
Announcements
1. Course webpage https:/ku.blackboard.com/
2. Problem set #3 is posted. (You will need to read a few pages
from Chapter 4, the section titled Demand that s
ECON 100 Lecture 9
Monday, October 24
Tuesday, October 25
Announcements
1. Course webpage https:/ku.blackboard.com/
2. Attendance records are updated.
3. Answers to Problem Set #3 are posted. (Problem sets are an
important resources for preparing for the
ECON 100 Lecture 25
Wednesday, December 21
Thursday, December 22
Announcements
1. Course webpage https:/ku.blackboard.com/
2. Attendance records updated. (Course content section PDF file)
3. PS#9 is uploaded.
Class participation
Your in-class exercise is
ECON 100 Lecture 4
Wednesday, October 5
Thursday, October 6
Announcements
1.
Course website https:/ku.blackboard.com/
2.
Lecture notes are posted. Class participation records and
Problem Set #1 are also posted.
3.
Problem sets (study questions) are an imp
ECON 100 Lecture 14
Wednesday, November 9
Thursday, November 10
Announcements
1. Course webpage https:/ku.blackboard.com/
2. PS#5 will be uploaded by Wednesday afternoon.
3. Chapter 5 (Elasticity) is uploaded on course website.
http:/
www.swlearning.com/e
ECON 100 Lecture 10
Wednesday, October 26
Thursday, October 27
Announcements
1. Course webpage https:/ku.blackboard.com/
2. Attendance records are updated.
3. Answers to Problem Set #3 are posted. (Problem sets are an
important resources for preparing for
ECON 100 Lecture 3
Monday, October 3
Tuesday, October 4
Announcements
1.
Course website https:/ku.blackboard.com/
2.
Lecture notes are posted. Class participation records and
Problem Set #1 are also posted.
3.
Problem Sessions will start this week.
Thursd