Midterm Exam Chapters 5-8 Solution
ECON 2350 Statistics
Northeastern University
Spring 2017
Name: _
There are 5 questions. Each of these questions is worth 20 points, for a total of 100 points.
Please show all your work to receive full credit.
1
1. Attend
Midterm Exam Chapters 1-4 Solution
ECON 2350 Statistics
Northeastern University
Spring 2017
Name: _
There are 5 questions. Each of these questions is worth 20 points, for a total of 100 points.
Please show all your work to receive full credit.
1
1. Recall
Take-home assignment Chapters 5, 6, 7, 8
Northeastern University ECON 2350 Statistics
Spring 2017
Due date: March 3rd (Friday), at the beginning of class
You may work individually or in a group. A group can have at most three members no exceptions.
A grou
Midterm Exam Chapters 8, 9, 12 Solution
ECON 2350 Statistics
Northeastern University
Spring 2017
Name: _
There are 4 questions. Each of these questions is worth 25 points, for a total of 100 points.
Please show all your work to receive full credit.
1
1. S
Study Guide EC 3560
1. OLS Estimators
a. Single Independent Variable Models
b. Multivariate Regression Models
c. Evaluation of the Quality of a Regression Equation
d. Overall Fit of the Model
2. Using Regression Analysis
a. Steps in Applied Regression
b.
McCarthy
Chapter 1 Questions
1)
Please describe how Transportation is important to the economy.
2)
How do economists capture the amount as well as the extent of travel?
3)
Discuss future issues in transportation. How might priorities be shifting, and
how
Study Guide for Final Exam
1)
2)
3)
4)
5)
Multicollinearity
a. Consequences of multicollinearity
b. Detection of multicollinearity
i. T-value change
ii. Correlation matrix
iii. VIF
iv. Klein test
c. Remedies of Multicollinearity
Serial Correlation
a. Cons
Northeastern University
Economics Department
ECON 3560
Applied Econometrics
Professor Rife
Fall 2017
Purpose: The course will introduce students to applied economic research using the primary statistical
method for the discipline, econometrics. It will pr
Exam 2 Grading Rubric
Question 1:
Answer a)
Answer b)
For c), specify (in functional form.including primary
determinants and interpretation of dependent)
Define multinomial logic model
Answer d (3 parts)
Clear and Coherent
Total
Question 2:
Production fun
Chapter 3 Consumer Behavior
1) Gary Franklin is a movie critic. He invented the Franklin Scale with which he rates
movies from 1 to 10 (10 being best). When asked about his scale, Mr. Franklin explained
"that it is a subjective measure of movie quality. A
Microeconomics: Monika Kppl-Turyna Additional Problems: Class 3 If the consumer's
budget constraint is given by 10F + 5S = 100 where F is food and S is shelter, how much
food can he buy if he purchases 2 units of shelter? A. 10 B. 5 C. 20 D. 9 If the cons
ECON 1116PRINCIPLES OF
MICROECONOMICS
LECTURE 9
MONOPOLY AND ANTITRUST POLICY
Monopoly
Monopolya
market structure
consisting of a firm that is the only
seller of a good or service that does
not have any close substitutes.
Monopoly exists at the opposite
ECON 1116PRINCIPLES OF
MICROECONOMICS
LECTURE 8
FIRMS IN PERFECTLY COMPETITIVE MARKETS
Market Power
A
firm's market power depends on
the degree of market competition.
In perfectly competitive markets,
firms have no market power.
Firms are price takersthe
ECON 1116PRINCIPLES OF
MICROECONOMICS
LECTURE 7
TECHNOLOGY, PRODUCTION, AND COSTS
Technology and the Firm
Firms
use inputs to produce output.
Hence, workers, machines, and natural resources
(among other factors of production), are used to
produce goods a
This article elucidates how Australia and China signed free trade agreement (FTA) after decades
of negotiations, which later will bring a boom to the Australian economy and to complete a trifecta trade
with major trading partners. This illustrates how fre
ECON 1116PRINCIPLES OF
MICROECONOMICS
LECTURE 6
CONSUMER CHOICE AND BEHAVIORAL
ECONOMICS
Consumer Behavior
Consumer
behavior is driven by
both willingness and ability.
Willingness refers to the utility one
derives from consumption.
Ability refers to one
ECON 3462: B3
Homework 1
You are to do these homework problems by yourself Answers are due in class next Monday,
January 30. Be sure your answers are legible and complete: We cannot give credit to what we
cannot read.
(1) Assume i = .04. What is the prese
Econ 3560 Applied Econometrics
HOMEWORK SET #2 - SOLUTIONS
(Due Friday, February 10, 2017)
Name:
_
INSTRUCTIONS:
Please print this sheet and staple it in front of your answer set. Homework is due at
the beginning of class. DO NOT EMAIL YOUR HOMEWORK, plea
Law & Social Inquiry
Volume 31, Issue 2, 383420, Spring 2006
How Community Institutions Create
Economic Advantage: Jewish
Diamond Merchants in New York
Blackwell
Oxford,
Law
LSI
0897-6546
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2
31
How
LAW
riginal
2006
&
Community
&Social
American
SOCIAL
UK
Lecture 2 (13 ,17 ,20, 24, 27 January)
Key differences between economic theory and econometrics
o E.g. 1.) QD =f ( P , I ) - theory deterministic
o
E.g. 2.) QD =+ 1 P+ 2 I + 3 T + 4 S+ , where isthe error term
What gives to an error term?
1. Some uncertai
Lecture 1 (Econometrics)
Econometrics: is the study of statistical relationships between economic variables.
o E.G.: demand for cars depends on prices but econometrics helps quantify how strong
the relationship is.
Limitations of this example:
Omitted V
Lecture 3An Economic
Model of Tort Law
ECON 3424Law and Economics
Tort Law
A tort is a civil wrong, where an injurer (tortfeasor) causes harm to a victim.
The most common remedy under tort law is the payment of money damages.
Historically, tort law was
Lecture 4The Economics of
Crime
ECON 3424Law and Economics
Criminal Law
Crime imposes costs on society, both in terms of harm and
prevention.
A 1999 estimate suggested that the per capita cost of crime in the
U.S. was around $4,000. Anderson (1999)
Cri
Lecture 2Introduction to
Law and (the New) Law and
Economics
ECON 3424Law and Economics
What is Law?
Thomas HobbesLaw is the formal glue that holds
fundamentally disorganised societies together.
John AustinA body of rules fixed and enforced by a
soverei
Lecture 1Review of
Microeconomic Theory
ECON 3424Law and Economics
Contact Information
Prof. Michael P. Stone
Email: [email protected]
Office: 305 Holmes Hall
Office Hours:
Wednesday 11:45 to 1:15 and 4:45 to 6:15
Thursday 3:00 to 6:00
Other
Lecture 6The Economics of
Property II
ECON 3424Law and Economics
Eminent Domain
Eminent domainthe right of a government to expropriate
private property for public use, provided just compensation is
paid.
Just compensation usually implies fair market val