The Beast a Classroom Exercise in Applied Micro Economics

Cover The Beast a Classroom Exercise in Applied Micro Economics
The Beast a Classroom Exercise in Applied Micro Economics
Richard L Richard Lee Schmalensee
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Now the mechanics. All students should be given a TSP writeup when linear regression is discussed in class. Indeed, the author has found that a page of TSP output is a very good device to use in pre- senting and discussing the important statistics provided by a typical regression package.
Sub-tasks 1 and 2 are administered identically. The students should first be given a listing of the demand (production) function data and an instruction sheet. This should 1. Tell them that they are to estimat
...e a demand (production) -29- function for use in a forecasting problem.
2. Describe the list of data.
3. Tell them when the paper is due, how long it is to be, and what it is to contain.
4. Spell out the mechanics of the exercises, including the deadlines for deck submittal and the makeup of each deck.
Under (2), each series should be given a one-letter name. Under (4), tell them that these series will be loaded under those names. They may then submit a GENR phase to perform transformations and construct new variables.


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