1. Explain the relationship between supply and
demand.
2. If there is an excess supply in market, what will
happen to supply and demand?
3. If there is an excess demand in market, what will
happen to supply and demand?
4. If technology improved in market,

The Indirect Utility Function,
Roys Identity and the Slutsky
Equation
Very useful results to empirically test
consumer behaviour, especially the
Slutsky Equation.
Properties of Demand
We have now assembled the basic elements.
Look for empirical predicti

ECON3302.1
Fall 2010
SMU-Sobey SB
Notes on Consumer Theory:
Duality of Marshallian and Hicksian Demand Function
Theorem
Under regular assumption about utility function underlying the demand functions we have that:
,
1.
,
,
2.
Suppose
,
.
,
,
and income eq

Assignment 1: Chapter 2: The Simple Regression Model
Question C2.1
i.
Find the average participation rate and average match rate in the sample of plans.
Use code :
prate c mrate
or
sum prate mrate
and the average participation rate is 87.4% and the averag

Assignment 3- Chapter 4 Question C1
i.
Holding other factors fixed,
voteA= 1 log ( expendA )
( 100 ) [ 100 log ( expendA ) ( /100)( expendA )
1
1
1
So
/100 is the percentage point change in voteA when expendA increases by one
percent with ceteris paribu

Tutorial 2 Chapter 3
Question 3
i.
If adult trade off sleep for work, what is the sign of
1 ?
If adult trade off sleep for work, so more work will lead to less sleep and other things are equal,
so
ii.
1
< 0.
What signs do you think
2
and
3
Actually, as th

TAN LAY HONG
EGA 150023
Assignment 4 Chapter 4
Question: C8
Eviews:
Eview commands :
smpl @all if fsize=1
ls nettfa c inc age
TAN LAY HONG
EGA 150023
i.
ii.
There are 2,017 single people in the sample of 9,275 in data set.
The estimated equation:
nettfa =

Tan Lay Hong
EGA 150023
Assignment 5 Dummy Variable
Question C7.4
(i)
The two signs are 3< 0 because hsperc is defined so that the smaller the number the better
the student and 4> 0. The effect of size of graduating class is not clear. It is also unclear

Activity 3
What is the present value of these future payments?
1. $5500, 6 years from now at 9% compounded annually.
1 i n 1
P A
i 1 i n
1 0.09 6 1
P0 $5500
0.09 1 0.09 6
P0 $24672.55
Or Using the Compound Interest Tables:
P A(P / A,i%, n)
P0 $550

Name
Matrix Card No
Course
Faculty
:
:
:
:
Hafidzamzahry Bin Othman
EXGA6122 Philosophy and Methodology of Research
Faculty of Economics and Administration
UNEMPLOYMENT AMONG THE GRADUATES IN MALAYSIA: THE IMPACT OF THE
DOWNSIZING OF OIL AND GAS INDUSTRY