Assignment 2 suggested solutions (Tutorial 4)
Hou Chenxue
ECON 6001 Applied Econometrics
November 7, 2014
Hou Chenxue (HKU)
Tutorial 4
November 7, 2014
1 / 18
Question1
1. Please replicate the table 10.1 on the textbook by James H. Stock
2
and Mark M.Wats
Econ6001: Applied Econometrics, Fall 2014
Homework #1
Due date: 6th Oct. 2014; 12pm.
Do not copy and paste the answers from your classmates. Two identical homeworks
will be treated as cheating. Do not copy and paste the entire output of your statistical
p
Exercises for the statistics for econometrics
Sep. 2014
1. For a randomly selected county in the United States, let X represent the proportion of adults
over age65 who are employed, or the elderly employment rate. Then, x is restricted to a value between
Econ6001: Applied Econometrics, Fall 2014
Homework #3
Due date: 20th Nov. 2014; 12pm.
Do not copy and paste the answers from your classmates. Two identical homeworks
will be treated as cheating. Do not copy and paste the entire output of your statistical
Applied Econometrics
ECON6001A/B
Dr. Bei QIN
SW Ch. 12
1/58
Instrumental Variables Regression
The IV Regression Assumptions (SW Chapter 12.2 cont.)
Ws as control variables
In many cases, the purpose of including the Ws is to
control for omitted factors,
Assignment 3 suggested solutions (Tutorial 6)
Hou Chenxue
ECON 6001 Applied Econometrics
November 20, 2014
Hou Chenxue (HKU)
Tutorial 6
November 20, 2014
1 / 15
Question1
1. Use the data set Insurance described in empirical Exercise 11.3 to
answer the fol
EC2202 Macroeconomics: Lecture 1
Ija Trapeznikova
Royal Holloway, University of London
Autumn Term 2016/2017
Ija Trapeznikova (RHUL)
EC2202
Autumn Term 2016/2017
1 / 22
Lecture 1
The Goods Market
The Goods Market
Reading: Giavazzi and Blanchard Chapters 2
Topic Seven: Externalities and Public goods
Q: Why market fails to achieve efficient resource allocation?
Road Map
1. Externalities
Positive and negative externalities
Remedies - regulation, tax, permit and market solution
2. Tragedy of the Commons
3. C
Topic 3: Cost Curves and Supply curves
Q: How much output should a perfectly competitive firm produce when its goal is to earn as much profit as
possible
Road Map
Profit Maximization
Cost Minimization
o Production function
o Marginal Product
o Law of Di
Topic Four: Monopoly
Q: How does a monopoly choose price and quantity to maximize it profit
Market Structures
Measures of market structure
Why monopoly arises?
How is it different from competitive market?
Profit maximizing monopoly
Production and pricing
Time, investment and Risk
Objective - Exploring economic decisions involving time and uncertainty
Road Map
1. A simple model of intertemporal choices
2. Present Discount Value (PDV)
3. Applications
a) Bond value
b) Evaluation of Investment Choices (NPV, I
Topic One: Introduction to Economic Analysis
Road map
1. An example of economic analysis
2. Positive Economics vs Normative Economics
3. Ten Principles of Economics [Mankiws famous claims]
(only first three principles are covered in the lecture)
1
Economi
Topic 2: Demand & Supply Analysis
Q: Is it cost of production that determines prices (as Adam Smith thought)?
Q: Is it willingness to pay that determines prices?
Road Map
Competitive Market
Demand vs Quantity Demanded
Factors to shift Demand Curve
Supp
MSc CPM/RE 2016-2017
RECO6003 ECONOMICS FOR PROFESSIONALS DAY TIME CLASS
Date
Venue
Time
Topic
Lecturer
Friday
9 Sep 2016
LE 9
9:30am 12:20pm
Nature of economic inquiry;
Production Possibilities Frontier;
Comparative advantage
K T Wong
Friday
23 Sep 2016
Review of statistics for econometrics
Mathematics preparation course for Mecon students, 2014
Dr. Bei Qin
1 / 61
Course information
Topics:
Some basics in probability theory
Fundamentals of probability (Distribution)
Population and samples
Hypothesis test
Topic Five: Monopoly Behavior and Pricing Strategies
Q: When can a firm pursue a pricing strategy?
Q: What are those Strategies?
Road map
1. The Basics of Pricing Strategy
2. Third degree Price Discrimination
3. Second-degree Price Discrimination
4. Tie-i
Problem 1 Multiple Choice (24 points, 2 each)
1. d; 2. a ; 3. c ; 4. c ; 5. d; 6. c ; 7. c ; 8. a ; 9. c ; 10. d ; 11. a ;12. d
Problem 2 Short Questions:
1.(a)
Answer: For every inch above 4 feet, children of that age group gain roughly 4 pounds. A stude
EC3322
17/10/2016
3
3
Introduction
Assignments due this Friday (21/10/2016)
LearningCurve for Chapter 4
Graded Homework for Chapter 3
Using Supply and Demand to Analyze
Markets: Part II
Assignments due next Friday (28/10/2016)
Graded Homework for Cha
EC2202 Macroeconomics: Lecture 3
Ija Trapeznikova
Royal Holloway, University of London
Autumn Term 2016/2017
Ija Trapeznikova (RHUL)
EC2202
Autumn Term 2016/2017
1 / 20
Open Economy
Open Economy
Reading
Giavazzi and Blanchard, Chapter 6.1-6.2
Mankiw, Chap
Chapter 6, 7, 8 Tutorial Questions
Chapter 6
1 .Using the graph shown, answer the following questions.
a. What was the equilibrium price in this market before the tax?
b. What is the amount of the tax?
c. How much of the tax will the buyers pay?
d. How mu
ECON 3140B Financial Data Analysis
Exercise 1
Deadline: No Need to Submit
1.
Suppose the following data is the daily opening, highest, lowest and closing prices of Firm A
for Day 1 to Day 8.
Open
High
Low
Close
Day 1
3.05
3.05
3
3.05
Day 2
3
3.1
2.95
3.05
ECON6001: Applied Econometrics
1. Multiple choice:
Please choose the answer(s) that you think is(are) appropriate.
1.1 By including another variable in the regression, you will
a. decrease the regression if that variable is important.
b. eliminate the pos
Econ6001: Applied Econometrics, Fall 2015
Homework #3
Due date: 26th Nov. 2015; 6pm.
Do not copy and paste the answers from your classmates. Two identical homeworks
will be treated as cheating. Do not copy and paste the entire output of your statistical
p
Econ6001: Applied Econometrics, Fall 2015
Homework #2
Due date: 4th Nov. 2015; 6pm.
Do not copy and paste the answers from your classmates. Two identical homeworks
will be treated as cheating. Do not copy and paste the entire output of your statistical
pa
Applied Econometrics
ECON6001A/B
Dr. Bei QIN
SW Ch. 11
1/61
Regression with a
Binary Dependent Variable
(SW Chapter 11)
Outline
1. The Linear Probability Model
2. Probit and Logit Regression
3. Estimation and Inference in Probit and Logit
4. Application t
Econ6001: Applied Econometrics, Fall 2014
Homework #2
Due date: 27th Oct. 2014; 12pm.
Do not copy and paste the answers from your classmates. Two identical homeworks
will be treated as cheating. Do not copy and paste the entire output of your statistical
Suggested answer for HW3
Problem I: Multiple Choice (20 points in total, 5 points each)
Please choose the answer(s) that you think is(are) appropriate.
1. F-statistics computed using maximum likelihood estimators
a. cannot be used to test joint hypothesis
Applied Econometrics
ECON6001A/B
Dr. Bei QIN
SW Ch. 11
1/61
Regression with a
Binary Dependent Variable
(SW Chapter 11)
Outline
1. The Linear Probability Model
2. Probit and Logit Regression
3. Estimation and Inference in Probit and Logit
4. Application t
Applied Econometrics
ECON6001A/B
Dr. Bei QIN
1/90
Brief Overview of the Course
Economics suggests important relationships, often with policy
implications, but virtually never suggests quantitative
magnitudes of causal effects.
What is the quantitative ef
Applied Econometrics
ECON6001A/B
Dr. Bei QIN
SW Ch. 12
1/54
Instrumental Variables Regression (I)
(SW Chapter 12)
Outline
1. IV Regression: Why and What; Two Stage Least
Squares
2. The General IV Regression Model
3. Checking Instrument Validity
a. Weak an