Ask Question, Ask an Expert


Ask Econometrics Expert

problem 1: By using an Internet mapping page, create a map of your neighborhood and answer the given problems:

a) How is the map like a model?
b) What is the limitation of the map?
c) Could you use this map to find out change in elevation in your neighborhood? Distance from one place to the other? Traffic speed? What do your answers recommend about what to consider when employing a map or a model?

problem 2: ‘The Economic Report of the President’ comprises of statistical information regarding the economy and also the Council of Economic Adviser’s analysis of current policy issues. Find a out recent copy of this annual report at the library or visit and read a chapter regarding an issue which interests you.  Summarize the economic problem at hand and describe the council’s recommended policy.

problem 3: Would you expect economists to disagree less regarding public policy as time goes on? Why or why not? Can their differences be completely removed?  Why or why not?

problem 4: Please prepare short regarding complete answers.

a) What is the fundamental economic problem?
b) What three problems should any economic system solve?
c) How does capitalism solve such three problems?
d) How did Soviet-style socialism solve these three problems?
e) Can you think of any reason inherent in a centrally planned economy (soviet-style socialism) that would make innovation difficult? Can you think of any reason inherent in a capitalist country which would foster innovation?

problem 5: Why do most economists oppose the trade restrictions?

problem 6: STATA exercises:

a) Go to the web site of the Federal Reserve Bank of Saint Louis and look for the FRED database (  Download the series of quarterly data for US real gross domestic product in chained 1996 dollars form1950:1 to 2001:1. 
b) Plot the series against time.
c) find out the series of log GDP and does a time plot for it. Compare this graph to the previous one.
d) Decompose the series into trend and cycle using a linear deterministic trend model, that is, run the given regression: yt = α + βt + εt.  Now use your estimates and fitted values to find the trend and the cycle of the original series.
d) Plot in the same graph the trend (expected values and the original data against time).
e) Plot a cycle against time. What can you say regarding the stationarity of the cycle (detrended) series?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M92740
  • Price:- $70

Priced at Now at $70, Verified Solution

Have any Question? 

Related Questions in Econometrics

You are writing the great american novel and have signed a

You are writing the great American novel, and have signed a contract with the world's most prestigious publisher. To keep you on schedule, the publisher promises you a $100,000 bonus when the first draft is complete, and ...

Using a 16-w low-pressure hg lamp photoreactor emitting

Using a 16-W low-pressure Hg lamp photoreactor emitting light at 254 nm, a series of pesticides were subjected to photodegradation in distilled water. The concentrations, absorbances, and quantum yields are given below: ...

1 what is the balanced-budget multiplier explain why the

1. What is the balanced-budget multiplier? Explain why the balanced-budget multiplier is equal to 1. 2. Evaluate the following statement: For an economy to be in equilibrium, planned investment spending plus government p ...

Consider the dictator game a two-player game often played

Consider the Dictator Game, a two-player game often played in experimental economics labs. In the Dictator game, one player (the Dictator) is given an amount of money and then instructed to give some arbitrary portion of ...

A plate of mass m supported by a slender straight beam as

A plate of mass m, supported by a slender straight beam as shown in the Fig. P5.7, vibrates while sinusoidal force is applied to the center of the plate. Find the natural frequencies as a function of the mass m, flexural ...

Consider the production possibilities frontier depicted

Consider the production possibilities frontier depicted below, which shows the different combinations of guns and roses an economy can produce when it uses all its inputs efficiently. a. If the MRT at point A is 2.0, and ...

A firm has the opportunity to invest in a project having an

A firm has the opportunity to invest in a project having an initial outlay of $20,000. Net cash inflows (before depreciation and taxes) are expected to be $5,000 per year for five years. The firm uses the straight-line d ...

Mikes bicycle factory builds specialty bicycles with the

Mike's Bicycle Factory builds specialty bicycles with the following long-run cost function: TC = 2.5( Q 3 ). Plot Mike's ATC and MC curves for quantities 1 through 5. a. For which quantities does Mike's Bicycle Factory e ...

In problem 5 you found the profit that a promoter of a

In Problem 5, you found the profit that a promoter of a major college basketball tournament would earn if he were to segment the market into adults and students. Suppose that the promoter's CEO decides that price discrim ...

For red delicious apple farmers in washington 2001 was a

For Red Delicious apple farmers in Washington, 2001 was a terrible year (Linda Ashton, "Bumper Crop a Bummer for Struggling Apple Farmers," San Francisco Chronicle, January 9, 2001, C7). The average price for Red Delicio ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro