Economics 326 L001
Winter 20112012
Methods of Empirical Research in Economics
Florian Hoffmann
MIDTERM EXAMINATION
February 16, 2011
Duration: 70 Minutes
General Instructions:

Write down your name and student number on every exam booklet you are using.
Economics 326
Methods of Empirical Research in Economics
Lecture 6: Mechanics of the Multiple Regression
Model  Estimation and FrischWaugh Theorem
Florian Homann
University of British Columbia
February 27, 2013
Multiple linear regression model
I
The eco
Economics 326
Methods of Empirical Research in Economics
Lecture 11: Large sample results: Consistency and
Asymptotic Normality
Florian Homann
University of British Columbia
April 3, 2013
Our Results from Finite (Small) Sample Theory
I
We have shown that
Economics 326
Methods of Empirical Research in Economics
Lecture 3: Simple Linear Regression and OLS
Florian Homann
University of British Columbia
January 18, 2013
Introduction
I
The simple linear regression model is used to study the
relationship between
Econ 326: Suggested Solution to Assignment 1
Question 1.(a) If c is constant, then Cov(X; c) = 0:
Proof. According to the denition of covariance, we can expand Cov (X; c) as follows,
Cov (X; c) = E [(X
E (X) (c
E (c)]
(1)
Since the expectation of a consta
Econ 326 (Instructor: Florian Homann)
Empirical Project 1
The due date for this empirical project is Tuesday, March 5, 2013. You may work
in groups, but every student needs to hand in a separate assignment. Stata code
and output need to be attached to the
Economics 326 L002
Winter 20122013
Methods of Empirical Research in Economics
Florian Hoffmann
MIDTERM EXAMINATION
February 14, 2013
Duration: 70 Minutes
General Instructions:

Write down your name and student number on every exam booklet you are using.
Economics 326
Methods of Empirical Research in Economics
Lecture 2: Review of Probability
Florian Homann
University of British Columbia
January 9, 2013
Summation operator
I
In econometrics we will frequently encounter sums of data.
I
Example: Suppose n st
Economics 326
Methods of Empirical Research in Economics
Lecture 4: Distributional Properties of the
OLSEstimator
Florian Homann
University of British Columbia
January 30, 2013
OLS and MMestimator
I
The OLSestimator of ( 0 , 1 ) for the simple linear r
Economics 326 L002
Winter 20102011
Methods of Empirical Research in Economics
Florian Hoffmann
MIDTERM EXAMINATION
February 24, 2011
Duration: 75 Minutes
Question 1 (45 Points)
Suppose that we are interested in the relationship between the wage of an ind
Econ 326001: Suggested Solution to Midterm Exam, Winter
2011/2012
Florian Homann
Question 1
(a) The interpretation of the estimated intercept is that individuals with zero income consume 124:84 CAD
of goods. This of course is impossible since consumption
Economics 326 L002
Winter 20112012
Methods of Empirical Research in Economics
Florian Hoffmann
MIDTERM EXAMINATION
February 16, 2011
Duration: 70 Minutes
General Instructions:

Write down your name and student number on every exam booklet you are using.
Econ 326002: Suggested Solution to Midterm 1, Winter
2010/2011
Florian Homann
Question 1 (a) ^ 1 = 13:67 ) an individual whose father has 1 more year of education compared to
another individual earns, on average, 13:67 cents per hour more.
13:67
(b) T
1:
Econ 326002: Suggested Solution to Midterm Exam, Winter
2011/2012
Florian Homann
Question 1
(a) The interpretation of the estimated intercept is that individuals with mothers that do not have any
formal education have 10:36 years of schooling. Less than
Economics 326
Methods of Empirical Research in Economics
Lecture 5: Omitted Variable Bias and Multivariate
Regression
Florian Homann
University of British Columbia
February 7, 2013
Estimating Causal Relationships
I
I
I
In econometrics we are usually inter
Economics 326
Methods of Empirical Research in Economics
Lecture 1: Introduction
Florian Homann
University of British Columbia
January 9, 2013
What is Econometrics?
I
Econometrics is concerned with the development of statistical
methods for:
I
Estimating
Economics 326
Methods of Empirical Research in Economics
Lecture 3b: Introduction to the Theory of
Estimation
Florian Homann
University of British Columbia
January 21, 2013
Introduction
I
In the review of probability we have discussed concepts such
as pro
Econ 326002: Suggested Solution to Midterm Exam, Winter
2012/2013
Florian Homann
Question 1
(a) With a loglogmodel, 1 needs to be interpreted as an elasticity. Hence, the estimate b 1 suggests that
an increase of labor inputs by one percent increases o