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- Give an economic relationship in which individual effect of independent variables are difficult to separate in the presence of multicollinearity.What are the specific functions of Econometrics in Economics or in Agricultural Economics?Explain the difference(s) between an economic and an econometric model . Write down examples for each model by using the variables that is decided for your project .
- . Which of the following is the discipline that studies the use of statistical tools to estimate economic models? a. Mathematical economics b. Econometrics c. Macroeconomics d. MicroeconomicsRichard Thaler gives three criticisms of the homo economicus model. The first of these is “SIFs.”, but what are the other two?A teacher observes that the mitterm grades of students in the class varies depending on “the number of classes that the student takes”, “the difficulty of the assignments”, and the “stress experienced by the student”. She assigns to you the task of doing a research project on this and wants you to do the following: a. Give the project a suitable title b. What is the research question? c. Clearly label the variables (dependent and independent) d. Develop three hypotheses
