Coming soon
ECONOMETRICS II
To quantify relationships between economic variables by means of statistical techniques.
Simultaneous Equation Bias, and Inconsistency of Ordinary Least Squares estimators, Identification problem, Methods of estimating simultaneous equation system – Indirect least squares and Two-stage least squares.
Auto-regressive and distributed lag models, Koyack Model. Partial adjustment model, Adaptive expectation model.
Stationarity, Test of stationarity, Dickey-Fuller test, Unit root, co integration, spurious regression, Engle – Granger test, Random walk model, Error correction mechanism, causality test, Granger and Sim’s test.
Engel Function – Estimation of Engel elasticities, Consumption function – Estimation of MPC, Demand function for goods – Estimation of own-price, cross-price and income elasticities.
Demand for Money – Estimation of income and interest elasticities, Production function- Estimation of returns to scale in Cobb-Douglas production function and estimation of elasticity of substitution in CES production function, Supply response function –Estimation of short-run and long-run price elasticities.
1. Johnston.J.(1991) Econometric Methods. McGraw Hill Book Co.London
2. Gupta, D.B. Consumption Pattern in India, TMGH.
3. Mahender Reddy, J.Applied Econometrics (Mimeo).
4. ICSSR (1977); Survey of Research in Economics, Vol. 7.
5. Krishna, K.L. (1999): Economic Application in India, OUP, Delhi.
6. Gujarati, D. (1999): Essentials of Econometrics, Second Edition, McGraw Hill.
7. Gujarati, D. (2002): Basic Econometrics, Third Edition, McGraw Hill.
8. Koutsoyiannis, A.(1977): Theory of Econometrics, 2nd Edition, McMillan, London.
9. Maddala, G.S.(2002): Introduction to Econometrics, McMillan, London.
10. Upender, M. (2008) Applied Econometrics, Vrinda Publications, Delhi
