ASSIGNMENT GUIDELINES Student notes Part A assesses your understanding of some o

ASSIGNMENT GUIDELINES
Student notes
Part A assesses your understanding of some of the main ideas and techniques in game theory, which are mainly covered in Chapters 6 and 7. Game theory was also covered in Chapter 1, Section 6.2 and Chapter 4, Section 5.1. Online tutorials, particularly on game theory, will also provide some useful guidance. In Question 5, sequential games are discussed, particularly in Section 5 of Chapter 6.
Part B assesses your understanding of some of the main ideas in econometrics with an application to production functions. The questions ask you to demonstrate your data analysis skills using a dataset on firms. The variables in the dataset are provided in both original form and logged form.
Part B relates particularly to material in Part 1 of the gretl manual. Material on the neoclassical theory of production may also be helpful – see, for example, Chapter 5, Section 2. The skills covered in Part B include producing and interpreting summary statistics (covered in online tutorials in Block 1, Econometrics I: Using gretl to analyse data and Practice Exercises I). Part B also covers skills related to simple (univariate) and multiple (multivariate) regression analyses and the differences between the two, concentrating mainly on the interpretation of model coefficients. Multiple regression is introduced in the online tutorials Econometrics II: Bringing economic theory into data analysis – regression analysis and ordinary least squares, and Practice exercises II. Elasticities are covered in Section 8 of the online tutorial Econometrics II.

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