Syllabus and Reading Assignments
Introduction to the course; required computer software; economic model vs. econometric model; simplelinear regression model and inference; multiple regression model; application and hands-on exercises.Hill, R. Carter, William E. Griffiths and George G. Judge (2001).
SecondEdition. New York: John Wiley & Sons, Inc. Chapter 7 & Chapter 8.
2. Applications of Simple and Multiple Regressions to Costs and Learning Curves
Econometric issues encountered in estimating the cost effects of scale economies and learning curves.This will help to understand differences between simple and multiple regressions, to assess the effects of incorrectly omitting variables from a regression equation, and to implement alternative ways of testinghypotheses. Hands on with costs, learning curves, and scale economies.Berndt, Ernst R. (1991). Costs, Learning Curves, and Scale Economies.
The Practice of Econometrics:Classic and Contemporary.
Chapter 3, 60 – 101.
3. Measuring Wage Discrimination: Dummy Variables in Regression Models
The human capital model; issues in econometric implementation of the human capital model;determinants of wages and estimating the wage effects of discrimination. Hands-on with estimatingdeterminants of wages and earnings.Berndt, Ernst R. (1991). Analyzing Determinants of Wages and Measuring Wage Discrimination:Dummy Variables in Regression Models.
The Practice of Econometrics: Classic and Contemporary.
Chapter 5, 150-223.Taylor, L.L. (2007). Comparing Teacher Salaries.
Economics of Education Review
4. Consumer Demand Models: Single Equation vs. Systems of Equations
The theory of the household; double log model; Stones approach to demand models; Linear ExpenditureSystem; the Rotterdam model; the almost ideal demand system; applications to time-series data.Burki, Abid A. (1997). Estimating Consumer Preferences for Food Using Time-series Data of Pakistan.
Pakistan Development Review
. 36(2), 131 – 153.Deaton, Angus and John Muellbaer (1980).
Economics and Consumer Behavior
. Cambridge: CambridgeUniversity Press.Gundimeda, H., and G. Kohlin (2006). Fuel Demand Elasticities for Energy and Environmental Policies.
Hill, R. Carter, William E. Griffiths and George G. Judge (2001).
SecondEdition. New York: John Wiley & Sons, Inc. 353 – 357.Johnson, S.R., Zuhair A. Hassan and Richard D. Green (1984).
Demand Systems Estimation: Methods and Applications.
The Iowas State University Press.