ECON 131
GMDucanes
Exercise Set 3
1. In an article about the cost of health care, Money magazine reported that a visit to a hospital emergency
room for something as simple as a sore throat has a mean cost of $328 (Money, January 2009). Assume that
the cos

Baluyut,
Coronel, Janina Marie S.
Kate
P.
Problem Set 2.2 - Computer Exercise
1. Wooldridge: Chapter 3, CE C3
(i) Estimate a model relating annual salary to firm sales and market value. Make the model of
the constant elasticity variety for both independen

https:/www.newyorkfed.org/medialibrary/media/research/epr/99v05n3/9909levi.pdf
The simplest version of the economic model of crime (Becker 1968) would suggest that
the rich become increasingly attractive targets as the income distribution widens, leading

A. Identification and Definition
1. What does it mean to say that two events are mutually
exclusive?
2. Distinguish between a discrete and a continuous
random variable.
3. What does the Central Limit Theorem say?
4. If you divide a standard normal random

Sample Third Exam
I. Modified True or False. Write True if the statement is true and write False if the statement is false and
explain why the statement is false. A wrong explanation makes the answer wrong.
1. Even if there is perfect multicollinearity, t

1.
Use beauty.dta to answer this question.
Consider the following model:
ln(wage) 0 0female (1 1female)belavg (2 2female)abvavg
(3 3female)educ (4 4female)exper (5
5female)expersq + u.
(a)
(1)
Use Equation (7.24) to perform a Chow test. (That is, perfor

Stata Learning Module
Creating and recoding variables
This module shows how to create and recode variables. In Stata you can create new variables with
generate and you can modify the values of an existing variable with replace and with recode.
Computing n

University of the Philippines
SCHOOL OF ECONOMICS
Problem Set 3
First Semester, 2012/13
SA. Quimbo
Estimate the demand for cigarettes using fies2003cigarettes.dta, which contains
data from the 2003 FIES supplemented by (provincial) average cigarette price

ECON 131
Exercise 1: Counting, pdfs, and cdfs
1. Five cards are randomly selected from a standard 52-card deck. Calculate the probability that
a player is dealt a royal flush.
2. Five cards are randomly selected from a standard 52-card deck. Calculate the

University of the Philippines
SCHOOL OF ECONOMICS
Economics 131
Problem Set 4
First Semester, 2012/13
SA. Quimbo
DUE DATE: 26 September 2012 (Wednesday)
Download the data set ps4.dta.
1. Specify a consumption function that you can estimate using the given

ECON 131
Exercise 2: Marginal and conditional pdfs, independence, special mathematical
expectations
1. Calculate the mean, variance and standard deviation of the data below.
2. Let X and Y be discrete random variables with pdf f(x,y) given by the followin

1. A)
-log: F:\Stata10\probset3.1
log type: text
opened on: 18 Jan 2012, 10:53:17
. (6 vars, 526 obs pasted into editor)
- preserve
label variable wage "hourly wage in US$"
. label variable educ "years of education"
. label variable exper "years of labor

Checking for Multicollinearity
*use crime.dta
When there is a perfect linear relationship among the predictors, the estimates for a regression model cannot
be uniquely computed. The term collinearity implies that two variables are near perfect linear comb

University of the Philippines
SCHOOL OF ECONOMICS
Economics 131
Problem Set 2
First Semester, 2012/13
SA. Quimbo
1. Download the data fies2003.dta.
2. Estimate a consumption function.
a. Specify the model. (totex = B1+B2toinc+u)
b. Describe the data. (
c.

UNIVERSITY OF THE PHILIPPINES
Diliman Extension Program in Pampanga
Economics 131
Quantitative Economics
Fourth Exam (Take Home) - 2nd Semester, AY 2015-2016
Names:
Chua, Kamille Joyce D.
Baluyut, Kate P.
Belonio, Bea Cheyenne S.
Tinio, Ana Meliza P.
Gala