adventurestaya.blogg.se - Law of diminishing returns

LAW OF DIMINISHING RETURNS SERIES

Market Equilibrium, Shifts and Role of Elasticity.Types of Elasticity and their Measurement.

Simultaneous Equilibrium of Consumers and Producers.

Multi-product Firm and Production Contract Curve.

Multi-product firms and simultaneous equilibrium.

Producer Equilibrium: Isoquants, Isocost line and Expansion.

Short-run Costs: Total, Average and Marginal Costs.

Technical Progress and Economic Zone of Production.

Production Function: Definition and Types.

Isoquants and Returns to Scale: Long-run Production.

Law of Variable Proportions: Short-run production.

Theory of Costs, Production and Producer Equilibrium.

Income and Substitution Effects: Hicks and Slutsky Methods.

Demand, Income-Consumption and Engel Curves.

Indifference Curves and Ordinal Utility Analysis.

Cardinal Utility Analysis and Law of Diminishing Returns.

Microeconomics Microeconomic Theory and Application.VAR in R: Estimation, Goodness and IRFs.Wu-Hausman Test: Choosing between Fixed and Random Effects.Lagrange Multiplier Test: testing for Random Effects.Goodness-of-fit for Logit and Probit Models.Information Criteria (AIC/SIC) and Model Selection.Robust Standard Errors and OLS Standard Errors.Goldfeld Quandt Test for Heteroscedasticity.Breusch Pagan test for Heteroscedasticity.Heteroscedasticity: Causes and Consequences.Test of Overidentifying Restrictions: Sargan Test.Test of Endogeneity: Durbin-Wu-Hausman Test.Two-Stage Least Squares (2SLS) Estimation.Identification: Rank and Order Conditions.ARIMA Model Estimation and Model Selection.

Impulse Response Functions after VAR and VECM.Vector Error Correction (VECM) and VAR: Theory.Cointegration: Meaning, Tests and Models.ADF Test: Augmented Dickey Fuller Equation.Autocorrelation function and Stationarity.

LAW OF DIMINISHING RETURNS SERIES

Stationarity and Stationary Time Series.

Econometrics Theory and application of econometric models.