EconS 327 and I Bus 470: International Trade and Finance
Spring 2016, Midterm I
1. An American tourist buys a ticket to an opera in Paris. The U.S. government classifies
this transaction as:
A) a goods' import of a French Opera.
B) a service export.
Part I Data Collection
1. Go to Blackboard and find the dataset Lab1data.csv in Labs folder.
2. Obtain CPI data
a. Go to the BLS Website. http:/www.bls.gov/data/
b. Scroll down to the Box Multi-Screen Data Search
c. Select either Seasonally adjusted
EconS 451 - Advanced Food Economics and Marketing
Class Meetings: Tue-Thu, 14:50-16:05, 27 Hulbert Hall
323E Hulbert Hall
Tue-Thur, 16:05-17:00 or by appointme
a. Since this is a linear demand function I would expect the coefficient of P A to be negative,
indicating an increase in price of apples decreasing quantity demanded. For P B I would
expect it to be positive indicating that
Part I: Demand Estimation (60 points)
Due date: March 24
This final project should be done independently, your code and output should be your own work. You
must submit the write-up, a copy of your output, as well as a printed copy of your ST
I chose to analyze the demand for avocados in the U.S. due to its rise in
popularity as it is considered a super food. Avocados are usually produced in states
with warmer climates such as California, Hawaii,
Avocados: A demand and supply analysis in the U.S.
Considering the Ricardian model Mexico seems to exhibit a comparative advantage
relative to the U.S. when it comes to the production of avocados. From 1914 to 1997, the U.S.
EconS 451 Final Project
This final project should be done independently, your code and output should be your own work.
You must submit the write-up, a copy of your output, as well as a printed copy of your STATA-code
(when appropriate). In addition, you s