Course 4 - Eenmetnes
@ Whet ts zcnurmet nes ?
Eemnmuetrics be clefined as He gustav aus
sri ooience ee Ho torts ef comnure meg
rmaaevaakies , dud ofateheal ference are applied to
He a. wf termnuic phennueng,
Ca A berger > Eormuetnie Hoaory , Feb Wiley Sous
Meus York , 4964, p.4)
® Why a separ olisorpelue 2 |
a) Eomomce theory uakes shtimets auel hy poteses
tht an wurtly guolitetine ta vahece for Prauph
WWicre £cmowl c 4 stetes Het rther Hairs s i
Ruoiuing Ha same, a reducton wthe price of a
Comumarchty is 2xpected 46 ticrease the guauctity
Aewaudil for Hat couwree
Ecnummet nes hefps us esfmele numeric €h,
hur wach, Hua Cemaud ducreases Uf te price
Accreases
6) MoHlamahit zcoics expresses crate thery
ia watenak ol forue (equahens ) ut ard
to weasan bitty or eupirtel veritea tion he thea,
Comet ictus pot He wotleuateal equatinrs
proposed bt Hie watlamefal eonumist Cx “Sach a
form + they caw be enpiricetly tested.
c) Fcmauic statshes is eae coeerted Unite
eetlackug, proessrs oud presahiie eoneuic latapage
dy the dou ft charts, aud tubes
The use uf Hase date for hetony eet.
Husory TS Hu crcera eb Hu ecmnucttormas
d) The woture of commute Lele - Fenouehis une
atl daka Heat ae rated as Hee result |
oh on emtrotled axcperivae » suck is Hr case of
wolleusheal oPubstes
Thee dab, an Likely fo ombain errors of
Wwensuramerck Urlidk ¢ to He uccel of
spoal Mmeteds of auady SS.
® Melluedcteay rh Aommmetic s
Hanes h. Hare On sement sclurts it it ou
Conunmetre ametlurcletigy , we Reet here Hy taditmal
or chassrcak meHurdetrgy wliich Camcrt ef Hu fellrciig
steps :
1 Shimek of Huory or 4 othests
2. Spofeation of Ha wetlumeheal med lef Hac Hr
s, ec fitat om rf He tommetiic word of He Hhcory
h. Obtaining Hu data
5 Eehwation f Hu parameters Ca eee
6 Hypethes's testing
2. Forecedtiug or predichow
8. Using Ha wll pr cactree or precy popes-3-
To Uustrate Hu prece olcy steps, Aét us caster He
Weel Kuru Keynesian Hivory of omgvmptinn ;
@ Shdewud of Thory or Hypeas
"The fundamen peyohrlagiol Lou... is tht
wen Cusrmen] as aruke aud om arsage ae Ay
fo tucreaSe. Huir ca tre as fair treme woreases
but wrt as Much as crease t« Their lucrue*
iu sh | ulated a ee
ity fo ciroume (MPC), te ef chauge
popes” for a it Cagy «oe - 7m
deme, &S quater Hiax zero bt Less phan 4.
@ Speci fication f te Hetlaneherl aur ef Cosas
fF palharal ch acasuact raiglt sugaet Hu feblrwry
form of Mm Keepuetian om sumphee fucken!
Ye By + PX OLB, CA 4)
“ETc
Br weasuces MPC
Genmehica SY ag.d is as sheury, Fy 4.