`Study Guide for Final Exam Fall 2011
1. How do tax laws in the US subsidize health insurance?
Employer-paid health insurance is not taxed as employees income
exempt from federal, state, and payroll taxes (taxes that support Medicare
and Social Security,
`Study Guide for Final Exam Fall 2011
1. How do tax laws in the US subsidize health insurance?
Employer-paid health insurance is not taxed as employees income exempt
from federal, state, and payroll taxes (taxes that support Medicare and Social
Security,
Classical Linear Regression Model
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Regression
1. Assumptions
A. (CLRM.I) Linear in Parameters: may or may not be linear in
the variables. The regression model has an additive error
term
S
Ordinary Least Squares
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Regression
A. The purpose of regression analysis is to take a purely
theoretical population equation like:
Y 0 1 X1 . K X K
B. and use a set of sample data to obt
Regression Analysis
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Regression
1. What is Regression Analysis?
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Regression
1. What is Regression Analysis?
SUNY at Alb
Statistical Inference
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Inference
1. Introduction
A. Population vs. Sample
Population: the totality of all possible outcomes of an
issue of interest.
Sample: a subset of a population
SUN
Student t-Distribution
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
1. t-Distribution
A.
SUNY
Chi-square Distribution
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
Chi-square Distribution
Density
0.5
Mean = k
Var = 2k
0.4
k =2
0.3
0.2
k =5
0.1
k = 10
0.0
0.0
5.0
SUNY at Albany - Department of Economics
10.0
15.0
20.0
25.0
Ec
From Sample to Population
Sampling Distribution
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
1. The Big Idea of Statistics-Sampling Distribution
A. Choosing a random sample from a population and calculating a statistic
such as samp
Sample Moments
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Probability
1. From Population to Sample
A. Sample vs. Population
Population is composed of the whole sample space.
SUNY at Albany - Department of Economics
Eco 320 Econo
Hypothesis Testing in Context of
Regression Analysis
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Regression
1. Testing Individual Significance of Regression Coefficients
A. Should Xk be included in the regression equation? Does it
A Quick Guide to Using Excel 2007s
Regression Analysis Tool
Table of Contents
Page
The Analysis Toolpak . 1
If the Add-In is ALREADY Installed . 1
If the Add-In is NOT ALREADY Installed . 1
Run a Multiple Regression: An Example
Introduction. 2
Steps to Fo
A Quick Guide to Using Excel 2007s
Regression Analysis Tool
Table of Contents
Page
The Analysis Toolpak . 1
If the Add-In is ALREADY Installed . 1
If the Add-In is NOT ALREADY Installed . 1
Run a Multiple Regression: An Example
Introduction. 2
Steps to Fo
Normal Distribution
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics Distributions
Normal Distribution
f(x)
1 x x 2
exp
PDF: f ( x)
2 x
2
2 x
1
SUNY at Albany - Department of Economics
X
Eco 320 Economic Statistics Distributions
Correlation & Covariance
SUNY at Albany - Department of Economics
Eco 320 Economic Statistics
1. Scatterplot
o A scatterplot shows the relationship between two quantitative variables
measured on the same individuals. The values of one variable appear on
t
The physician-firm
(more notes to complement lecture notes)
11.15.11
Internal ROR
The higher the internal ROR, the greater the
financial rewards to investment in human capital
via education
To determine whether a group of health
professionals is in shor
Recent evidence to inform the
health policy debate: effects of
community rating and employer
mandates
ECO 381
November 8, 2011
Theory
Weve seen that:
Experience rating can limit adverse selection
Some argue that with community-rated
premiums, the indiv
The Economics of Information
Asymmetrical Information and Agency
The assumption in economics is typically that individuals have perfect information about their relative
choices. As we saw last time, if there is uncertainty, markets for insurance arise. On
The Economics of Labor Markets
In this session we want to discuss a little of the economics of labor markets. First well do some
basics of labor demand and labor supply, then discuss the market equilibrium. From there, as
application, well discuss the lab