Channel Title: Econometrics, Statistics and Economics Tutor Channel Description: We have provided support to students from 85+ universities in the field of Microeconomics, Statistics and Econometrics. Need one-one online coaching? Schedule a free discussion call: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Some of our books on Amazon.com: Book 1: Statistics: The Simplest Introduction to Random Variables Link: https://www.amazon.com/Statistics-Simplest-Introduction-Random-Variables-ebook/dp/B08KPMQ6Q9 Book 2: Econometrics Quiz: Master Simple Linear Regression Link: https://www.amazon.com/Econometrics-Quiz-Regression-detailed-explanation-ebook/dp/B08LZZDVH1 Book 3: Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data Link: https://www.amazon.com/Econometrics-Simplest-Introduction-Cross-Sectional-Time-ebook/dp/B0CJ8BV4NQ Search for 'Shubham Kalra' on Amazon to view all our books. <video> Choice Q5.9 - Part 2 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: 📞 Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: 📩 Mail: admin@eduspred.com 📱 Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question Solved in this video: Joe Grad has just arrived at the big U. He has a fellowship that covers his tuition and the rent on an apartment. In order to get by, Joe has become a grader in intermediate price theory, earning $100 a month. Out of this $100 he must pay for his food and utilities in his apartment. His utilities expenses consist of heating costs when he heats his apartment and air-conditioning costs when he cools it. To raise the temperature of his apartment by one degree, it costs $2 per month (or $20 per month to raise it ten degrees). To use air-conditioning to cool his apartment by a degree, it costs $3 per month. Whatever is left over after paying the utilities, he uses to buy food at $1 per unit. a) When Joe first arrives in September, the temperature of his apartment is 60 degrees. If he spends nothing on heating or cooling, the temperature in his room will be 60 degrees and he will have $100 left to spend on food. If he heated the room to 70 degrees, he would have _____ left to spend on food. If he cooled the room to 50 degrees, he would have _____ left to spend on food. On the graph below, show Joe’s September budget constraint (with black ink). (Hint: You have just found three points that Joe can afford. Apparently, his budget set is not bounded by a single straight line.) b) In December, the outside temperature is 30 degrees and in August poor Joe is trying to understand macroeconomics while the temperature outside is 85 degrees. On the same graph you used above, draw Joe’s budget constraints for the months of December (in blue ink) and August (in red ink). c) Draw a few smooth (unkinky) indifference curves for Joe in such a way that the following are true. i) His favourite temperature for his apartment would be 65 degrees if it cost him nothing to heat it or cool it. ii) Joe chooses to use the furnace in December, air-conditioning in August, and neither in September. iii) Joe is better off in December than in August. d) In what months is the slope of Joe’s budget constraint equal to the slope of his indifference curve? e) In December Joe’s marginal rate of substitution between food and degrees Fahrenheit is ___. In August, his MRS is ___. f) Since Joe neither heats nor cools his apartment in September, we cannot determine his marginal rate of substitution exactly, but we do know that it must be no smaller than ___ and no larger than ____. (Hint: Look carefully at your graph.) The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Probability - Q1 (From 'Statistics for Business and Economics' by Newbold, Carlson, Thorne) Description: Schedule a free discussion call with us: https://calendly.com/eduspred/linkedin We are a team of 6 professional tutors specialising in Statistics, Economics, Econometrics, STATA, Finance, Accounting, Game Theory and Mathematics. 📩 Mail: shubham@eduspred.com 📱 Whatsapp: +91-9560560080 Website: www.eduspred.com 5 Books on Amazon: 📚 1. Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data 2. Econometrics: Mistakes Students Make in Simple Linear Regression 3. The Simplest Introduction to Permutations and Combinations 4. Statistics: The Simplest Introduction to Random Variables 5. Econometrics Quiz: Master Simple Linear Regression Statistics courses we have assisted with: 🧑‍🏫 Statistics 1 for IBA (Tilburg University) MT2508: Statistical Inference (St. Andrews) MT2504: Combinatorics and Probability (St. Andrews) FR1203: Statistics for Finance (Bayes Business School) UN 1201: Statistics and Probability (Columbia University) ECON 121 - Economic Statistics (Georgetown University) BEE1022 : Introduction to Statistics (University of Exeter) EC304: Empirical Economic Analysis II (Boston University) BEE2006: Statistics and Econometrics (University of Exeter) Introduction to Statistics (Queen Mary University of London) EBC2011 Economics : Quantitative Methods 3 (Maastricht University) ECON103: Quantitative Methods for Economics (Lancaster University) SMM939: Quantitative Methods for Business (Bayes Business School) BM1200: Quantitative Methods and Analytics (Bayes Business School) EC3023: Mathematical and Statistical Methods (University of Aberdeen) AG909: Quantitative Methods for Finance (University of Strathclyde, Glasgow) 153400121: Quantitative Methods for Economists (SOAS, University of London) PSYC49122: Advanced Experimentation and Statistics 1 (Nottingham Trent University) Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Question Solved in this video: Sample space = {E1, E2, E3, E4, E5, E6, E7, E8, E9, E10} Given A = {E1, E3, E6, E9} Find A complement. The above question is taken from 'Statistics for Business and Economics by Paul Newbold, William L. Carlson, Betty M. Thorne - 8th Edition' 0:00 Sample space = {E1, E2, E3, E4, E5, E6, E7, E8, E9, E10}. Given A = {E1, E3, E6, E9}. 0:19 Find A complement. #statisticstutor #statisticsforeconomics #statisticsforbusiness #onlinestatisticstutor #statisticsvideolectures #stats #statistics #alevelmaths </video> <video> Probability - Q2 (From 'Statistics for Business and Economics by Newbold, Carlson, Thorne) Description: Schedule a free discussion call with us: https://calendly.com/eduspred/linkedin We are a team of 6 professional tutors specialising in Statistics, Economics, Econometrics, STATA, Finance, Accounting, Game Theory and Mathematics. 📩 Mail: shubham@eduspred.com 📱 Whatsapp: +91-9560560080 Website: www.eduspred.com 5 Books on Amazon: 📚 1. Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data 2. Econometrics: Mistakes Students Make in Simple Linear Regression 3. The Simplest Introduction to Permutations and Combinations 4. Statistics: The Simplest Introduction to Random Variables 5. Econometrics Quiz: Master Simple Linear Regression Statistics courses we have assisted with: 🧑‍🏫 Statistics 1 for IBA (Tilburg University) MT2508: Statistical Inference (St. Andrews) MT2504: Combinatorics and Probability (St. Andrews) FR1203: Statistics for Finance (Bayes Business School) UN 1201: Statistics and Probability (Columbia University) ECON 121 - Economic Statistics (Georgetown University) BEE1022 : Introduction to Statistics (University of Exeter) EC304: Empirical Economic Analysis II (Boston University) BEE2006: Statistics and Econometrics (University of Exeter) Introduction to Statistics (Queen Mary University of London) EBC2011 Economics : Quantitative Methods 3 (Maastricht University) ECON103: Quantitative Methods for Economics (Lancaster University) SMM939: Quantitative Methods for Business (Bayes Business School) BM1200: Quantitative Methods and Analytics (Bayes Business School) EC3023: Mathematical and Statistical Methods (University of Aberdeen) AG909: Quantitative Methods for Finance (University of Strathclyde, Glasgow) 153400121: Quantitative Methods for Economists (SOAS, University of London) PSYC49122: Advanced Experimentation and Statistics 1 (Nottingham Trent University) Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Question Solved in this video: Sample space = {E1, E2, E3, E4, E5, E6, E7, E8, E9, E10} Given A = {E1, E3, E7, E9} and B = {E2, E3, E8, E9) a. What is A intersection B? b. What is the union of A and B? c. Is the union of A and B collectively exhaustive? The above question is taken from 'Statistics for Business and Economics by Paul Newbold, William L. Carlson, Betty M. Thorne - 8th Edition' 0:00 Sample space = {E1, E2, E3, E4, E5, E6, E7, E8, E9, E10} Given A = {E1, E3, E7, E9} and B = {E2, E3, E8, E9) 0:26 a. What is A intersection B? 1:15 b. What is the union of A and B? 2:12 c. Is the union of A and B collectively exhaustive? #statisticstutor #statisticsforeconomics #statisticsforbusiness #onlinestatisticstutor #statisticsvideolectures #stats #statistics #alevelmaths </video> <video> Midterm 2022 Q6 - UvA Econometrics 6012B0453Y Description: Econometrics Online Courses: https://www.eduspred.com/pages/6012b0453y-econometrics-tutor-amsterdam Looking for One-One Online Econometrics coaching? Schedule a free discussion call with us. Mail: shubham@eduspred.com Whatsapp: +91-9560560080 Website: www.eduspred.com Question solved in this video: What is an advantage of using a constant in a linear regression model if OLS is applied? a) Using a constant results in the average of the errors being equal to 0 b) Using a constant results in the average of the residuals being equal to 0 c) Using a constant results in an unbiased OLS-estimator d) Using a constant results in an approximately normally distributed OLS-estimator 0:00 Introduction to Question 6 0:30 Solution Other Econometrics courses we have helped students with: EC226: Econometrics 1 (University of Warwick) EC203: Applied Econometrics (University of Warwick) EC2020: Elements of Econometrics (London School of Economics - LSE) MG205: Econometrics - Theory and Applications (London School of Economics - LSE) EC3301: Econometrics (St Andrews) ECON W3412: Introduction to Econometrics (Columbia University) EC2017: Introductory Econometrics (City, University of London) BEE2031: Econometrics (University of Exeter) Econometrics: University of Jordan Econometrics: University of Birmingham Econometric Analysis: Newcastle University 6012B0453Y : Econometrics (Amsterdam School of Economics) 5SSMN932: Introduction to Econometrics (King’s College London) 5QQMN938 : Intermediate Econometrics (King’s College London) FR2202: Financial Econometrics (Bayes Business School) EC220: Introduction to Econometrics (London School of Economics) EC221: Introduction to Econometrics (London School of Economics) #econometricsonlinecourse #econometricsonlinetutor #UvAeconometrics #econometrics </video> <video> Choice Q5.10 - Part 2 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: 📞 Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: 📩 Mail: admin@eduspred.com 📱 Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question solved in this video: The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Choice Q5.9 - Part 1 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: 📞 Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: 📩 Mail: admin@eduspred.com 📱 Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question Solved in this video: Joe Grad has just arrived at the big U. He has a fellowship that covers his tuition and the rent on an apartment. In order to get by, Joe has become a grader in intermediate price theory, earning $100 a month. Out of this $100 he must pay for his food and utilities in his apartment. His utilities expenses consist of heating costs when he heats his apartment and air-conditioning costs when he cools it. To raise the temperature of his apartment by one degree, it costs $2 per month (or $20 per month to raise it ten degrees). To use air-conditioning to cool his apartment by a degree, it costs $3 per month. Whatever is left over after paying the utilities, he uses to buy food at $1 per unit. a) When Joe first arrives in September, the temperature of his apartment is 60 degrees. If he spends nothing on heating or cooling, the temperature in his room will be 60 degrees and he will have $100 left to spend on food. If he heated the room to 70 degrees, he would have _____ left to spend on food. If he cooled the room to 50 degrees, he would have _____ left to spend on food. On the graph below, show Joe’s September budget constraint (with black ink). (Hint: You have just found three points that Joe can afford. Apparently, his budget set is not bounded by a single straight line.) b) In December, the outside temperature is 30 degrees and in August poor Joe is trying to understand macroeconomics while the temperature outside is 85 degrees. On the same graph you used above, draw Joe’s budget constraints for the months of December (in blue ink) and August (in red ink). c) Draw a few smooth (unkinky) indifference curves for Joe in such a way that the following are true. i) His favourite temperature for his apartment would be 65 degrees if it cost him nothing to heat it or cool it. ii) Joe chooses to use the furnace in December, air-conditioning in August, and neither in September. iii) Joe is better off in December than in August. d) In what months is the slope of Joe’s budget constraint equal to the slope of his indifference curve? e) In December Joe’s marginal rate of substitution between food and degrees Fahrenheit is ___. In August, his MRS is ___. f) Since Joe neither heats nor cools his apartment in September, we cannot determine his marginal rate of substitution exactly, but we do know that it must be no smaller than ___ and no larger than ____. (Hint: Look carefully at your graph.) 0:00 Introduction to Choice Question 5.9 - Part 1 1:08 Part (a) 7:15 Part (b) The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Choice Q5.8 - Part 2 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: 📞 Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: 📩 Mail: admin@eduspred.com 📱 Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question Solved in this video: Remember our friend Ralph Rigid from Chapter 3? His favourite diner, Food for Thought, has adopted the following policy to reduce the crowds at lunch time: if you show up for lunch t hours before or after 12 noon, you get to deduct t dollars from your bill. (This holds for any fraction of an hour as well.) a) Use blue ink to show Ralph's budget set. On this graph, the horizontal axis measures the time of day that he eats lunch, and the vertical axis measures the amount of money that he will have to spend on things other than lunch. Assume that he has $20 total to spend and that lunch at noon costs $10. (Hint: How much money would he have left if he ate at noon? at 2 P.M.? at 10 A.M.?) b) Recall that Ralph's preferred lunch time is 12 noon, but that he is willing to eat at another time if the food is sufficiently cheap. Draw some red indifference curves for Ralph that would be consistent with his choosing to eat at 11 A.M. The optimal consumption position is where the indifference curve is tangent to the budget line. 0:00 Choice Q5.8 - Part 2 0:01 Part (b) The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Midterm 2022 Q7 - UvA Econometrics 6012B0453Y Description: Econometrics Online Courses: https://www.eduspred.com/pages/6012b0453y-econometrics-tutor-amsterdam Looking for One-One Online Econometrics coaching? Schedule a free discussion call with us. Mail: shubham@eduspred.com Whatsapp: +91-9560560080 Website: www.eduspred.com Question solved in this video: Often research uses the robust option to calculate the standard errors of the OLS-estimates. Compared to using standardly provided standard errors, what is the advantage of using (a correct version of) robust standard errors? a) The use of robust guarantees unbiased estimates and correct standard errors of the OLS-estimates even if the errors are heteroskedastic (and/or serially correlated). b) The use of robust guarantees consistent estimates and asymptotically correct standard errors of the OLS-estimates even if the errors are heteroskedastic (and/or serially correlated). c) The use of robust guarantees correct standard errors of the OLS-estimates even if the errors are heteroskedastic (and/or serially correlated). d) The use of robust guarantees asymptotically correct standard errors of the OLS-estimates even if the errors are heteroskedastic (and/or serially correlated). 0:00 Introduction to Question 7 0:19 Solution Other Econometrics courses we have helped students with: EC226: Econometrics 1 (University of Warwick) EC203: Applied Econometrics (University of Warwick) EC2020: Elements of Econometrics (London School of Economics - LSE) MG205: Econometrics - Theory and Applications (London School of Economics - LSE) EC3301: Econometrics (St Andrews) ECON W3412: Introduction to Econometrics (Columbia University) EC2017: Introductory Econometrics (City, University of London) BEE2031: Econometrics (University of Exeter) Econometrics: University of Jordan Econometrics: University of Birmingham Econometric Analysis: Newcastle University 6012B0453Y : Econometrics (Amsterdam School of Economics) 5SSMN932: Introduction to Econometrics (King’s College London) 5QQMN938 : Intermediate Econometrics (King’s College London) FR2202: Financial Econometrics (Bayes Business School) EC220: Introduction to Econometrics (London School of Economics) EC221: Introduction to Econometrics (London School of Economics) #econometricsonlinecourse #econometricsonlinetutor #UvAeconometrics #econometrics </video> <video> Probability - Q4 (From 'Statistics for Business and Economics' by Newbold, Carlson, Thorne) Description: Schedule a free discussion call with us: https://calendly.com/eduspred/linkedin We are a team of 6 professional tutors specialising in Statistics, Economics, Econometrics, STATA, Finance, Accounting, Game Theory and Mathematics. 📩 Mail: shubham@eduspred.com 📱 Whatsapp: +91-9560560080 Website: www.eduspred.com 5 Books on Amazon: 📚 1. Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data 2. Econometrics: Mistakes Students Make in Simple Linear Regression 3. The Simplest Introduction to Permutations and Combinations 4. Statistics: The Simplest Introduction to Random Variables 5. Econometrics Quiz: Master Simple Linear Regression Statistics courses we have assisted with: 🧑‍🏫 Statistics 1 for IBA (Tilburg University) MT2508: Statistical Inference (St. Andrews) MT2504: Combinatorics and Probability (St. Andrews) FR1203: Statistics for Finance (Bayes Business School) UN 1201: Statistics and Probability (Columbia University) ECON 121 - Economic Statistics (Georgetown University) BEE1022 : Introduction to Statistics (University of Exeter) EC304: Empirical Economic Analysis II (Boston University) BEE2006: Statistics and Econometrics (University of Exeter) Introduction to Statistics (Queen Mary University of London) EBC2011 Economics : Quantitative Methods 3 (Maastricht University) ECON103: Quantitative Methods for Economics (Lancaster University) SMM939: Quantitative Methods for Business (Bayes Business School) BM1200: Quantitative Methods and Analytics (Bayes Business School) EC3023: Mathematical and Statistical Methods (University of Aberdeen) AG909: Quantitative Methods for Finance (University of Strathclyde, Glasgow) 153400121: Quantitative Methods for Economists (SOAS, University of London) PSYC49122: Advanced Experimentation and Statistics 1 (Nottingham Trent University) Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Question Solved in this video: S = [ E1, E2, E3, E4, E5, E6, E7, E8, E9, E10 ] Given A = (E3, E5 , E6, E10) and B = (E3, E4, E6, E9) a. What is the intersection of A and B ? b. What is the union of A and B ? c. Is the union of A and B collectively exhaustive? The above question is taken from 'Statistics for Business and Economics by Paul Newbold, William L. Carlson, Betty M. Thorne - 8th Edition' #statisticstutor #universitystatisticstutor #statisticsforeconomics #statisticsforbusiness #onlinestatisticstutor #statisticsvideolectures #stats #statistics #alevelmaths </video> <video> Choice Q5.7 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: Mail: admin@eduspred.com Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question Solved in this video: Linus has the utility function U (x, y) = x + 3y. a) On the graph below, use blue ink to draw the indifference curve passing through the point (x, y) = (3,3). Use black ink to sketch the indifference curve connecting bundles that give Linus a utility of 6. b) On the same graph, use red ink to draw Linus's budget line if the price of x is 1 and the price of y is 2 and his income is 8. What bundle does Linus choose in this situation? x1 = m/p1 when p1 is less than p2; x1 = any number between 0 and m/p1 when p1 = p2; x1 = 0 when p1 is greater than p2 c) What bundle would Linus choose if the price of x is 1, the price of y is 4, and his income is 8? 0:00 Introduction to Choice Question 5.7 - Linus has the utility function U (x, y) = x + 3y. 0:08 Part (a) 1:57 Part (b) The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Midterm 2022 Q5 - UvA Econometrics 6012B0453Y Description: Econometrics Online Courses: https://www.eduspred.com/pages/6012b0453y-econometrics-tutor-amsterdam Looking for One-One Online Econometrics coaching? Schedule a free discussion call with us. Mail: shubham@eduspred.com Whatsapp: +91-9560560080 Website: www.eduspred.com Question solved in this video: We regress earnings (average hourly earnings in US dollars) on female (dummy), age and age^2, college (dummy) and highschool (dummy). The information on education is available in three dummy variables indicating elementary (elementary, dummy), highschool or college education, which are mutually exclusive. Suppose there is an additional variable skill measuring the intelligence quotient (IQ) of a person. Which conditions need to be fulfilled for skill to cause an omitted variable bias? Denote γ to be the potential effect of skill on earnings. a). Cor(skill, college )=0 and γ=0 b). Cor⁡( skill, college )=0 and γ≠0 c). Cor(skill, college) ≠0 and γ=0 d). Cor(skill, college )≠0 and γ≠0. 0:00 Introduction to Question 5 0:27 Solution Other Econometrics courses we have helped students with: EC226: Econometrics 1 (University of Warwick) EC203: Applied Econometrics (University of Warwick) EC2020: Elements of Econometrics (London School of Economics - LSE) MG205: Econometrics - Theory and Applications (London School of Economics - LSE) EC3301: Econometrics (St Andrews) ECON W3412: Introduction to Econometrics (Columbia University) EC2017: Introductory Econometrics (City, University of London) BEE2031: Econometrics (University of Exeter) Econometrics: University of Jordan Econometrics: University of Birmingham Econometric Analysis: Newcastle University 6012B0453Y : Econometrics (Amsterdam School of Economics) 5SSMN932: Introduction to Econometrics (King’s College London) 5QQMN938 : Intermediate Econometrics (King’s College London) FR2202: Financial Econometrics (Bayes Business School) EC220: Introduction to Econometrics (London School of Economics) EC221: Introduction to Econometrics (London School of Economics) #econometricsonlinecourse #econometricsonlinetutor #econometricswooldridge #UvAeconometrics </video> <video> Choice Q5.10 - Part 1 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: 📞 Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: 📩 Mail: admin@eduspred.com 📱 Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question solved in this video: The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video> <video> Probability - Q3 (From 'Statistics for Business and Economics by Newbold, Carlson, Thorne) Description: Schedule a free discussion call with us: https://calendly.com/eduspred/linkedin We are a team of 6 professional tutors specialising in Statistics, Economics, Econometrics, STATA, Finance, Accounting, Game Theory and Mathematics. 📩 Mail: shubham@eduspred.com 📱 Whatsapp: +91-9560560080 Website: www.eduspred.com 5 Books on Amazon: 📚 1. Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data 2. Econometrics: Mistakes Students Make in Simple Linear Regression 3. The Simplest Introduction to Permutations and Combinations 4. Statistics: The Simplest Introduction to Random Variables 5. Econometrics Quiz: Master Simple Linear Regression Statistics courses we have assisted with: 🧑‍🏫 Statistics 1 for IBA (Tilburg University) MT2508: Statistical Inference (St. Andrews) MT2504: Combinatorics and Probability (St. Andrews) FR1203: Statistics for Finance (Bayes Business School) UN 1201: Statistics and Probability (Columbia University) ECON 121 - Economic Statistics (Georgetown University) BEE1022 : Introduction to Statistics (University of Exeter) EC304: Empirical Economic Analysis II (Boston University) BEE2006: Statistics and Econometrics (University of Exeter) Introduction to Statistics (Queen Mary University of London) EBC2011 Economics : Quantitative Methods 3 (Maastricht University) ECON103: Quantitative Methods for Economics (Lancaster University) SMM939: Quantitative Methods for Business (Bayes Business School) BM1200: Quantitative Methods and Analytics (Bayes Business School) EC3023: Mathematical and Statistical Methods (University of Aberdeen) AG909: Quantitative Methods for Finance (University of Strathclyde, Glasgow) 153400121: Quantitative Methods for Economists (SOAS, University of London) PSYC49122: Advanced Experimentation and Statistics 1 (Nottingham Trent University) Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Question Solved in this video: Given A complement = (E1,E3,E7,E9) and B complement = (E2,E3,E8,E9) a. What is the intersection of A and B ? b. What is the union of A and B ? c. Is the union of A and B collectively exhaustive? The above question is taken from 'Statistics for Business and Economics by Paul Newbold, William L. Carlson, Betty M. Thorne - 8th Edition' 0:00 Given A complement = (E1,E3,E7,E9) and B complement = (E2,E3,E8,E9) 0:21 a. What is the intersection of A and B? 4:06 b. What is the union of A and B? 6:07 c. Is the union of A and B collectively exhaustive? #statisticstutor #statisticsforeconomics #statisticsforbusiness #onlinestatisticstutor #statisticsvideolectures #stats #statistics #alevelmaths </video> <video> Probability - Q5 (From 'Statistics for Business and Economics' by Newbold, Carlson, Thorne) Description: Schedule a free discussion call with us: https://calendly.com/eduspred/linkedin We are a team of 6 professional tutors specialising in Statistics, Economics, Econometrics, STATA, Finance, Accounting, Game Theory and Mathematics. 📩 Mail: shubham@eduspred.com 📱 Whatsapp: +91-9560560080 Website: www.eduspred.com 5 Books on Amazon: 📚 1. Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data 2. Econometrics: Mistakes Students Make in Simple Linear Regression 3. The Simplest Introduction to Permutations and Combinations 4. Statistics: The Simplest Introduction to Random Variables 5. Econometrics Quiz: Master Simple Linear Regression Statistics courses we have assisted with: 🧑‍🏫 Statistics 1 for IBA (Tilburg University) MT2508: Statistical Inference (St. Andrews) MT2504: Combinatorics and Probability (St. Andrews) FR1203: Statistics for Finance (Bayes Business School) UN 1201: Statistics and Probability (Columbia University) ECON 121 - Economic Statistics (Georgetown University) BEE1022 : Introduction to Statistics (University of Exeter) EC304: Empirical Economic Analysis II (Boston University) BEE2006: Statistics and Econometrics (University of Exeter) Introduction to Statistics (Queen Mary University of London) EBC2011 Economics : Quantitative Methods 3 (Maastricht University) ECON103: Quantitative Methods for Economics (Lancaster University) SMM939: Quantitative Methods for Business (Bayes Business School) BM1200: Quantitative Methods and Analytics (Bayes Business School) EC3023: Mathematical and Statistical Methods (University of Aberdeen) AG909: Quantitative Methods for Finance (University of Strathclyde, Glasgow) 153400121: Quantitative Methods for Economists (SOAS, University of London) PSYC49122: Advanced Experimentation and Statistics 1 (Nottingham Trent University) Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Question Solved in this video: A corporation takes delivery of some new machinery that must be installed and checked before it becomes available to use. The corporation is sure that it will take no more than 7 days for this installation and check to take place. Let A be the event "it will be more than 4 days before the machinery becomes available" and B be the event "it will be less than 6 days before the machinery becomes available." a. Describe the event that is the complement of event A. b. Describe the event that is the intersection of events A and B. c. Describe the event that is the union of events A and B. d. Are events A and B mutually exclusive? e. Are events A and B collectively exhaustive? f. Show that (A intersection B) ∪ (A complement intersection B) = B. g. Show that A ∪ (A complement intersection B)=A ∪ B The above question is taken from 'Statistics for Business and Economics by Paul Newbold, William L. Carlson, Betty M. Thorne - 8th Edition' 0:00 A corporation takes delivery of some new machinery that must be installed & checked before it becomes available to use. The corporation is sure that it will take no more than 7 days for this installation and check to take place. Let A be the event "it will be more than 4 days before the machinery becomes available" and B be the event "it will be less than 6 days before the machinery becomes available." 0:32 a. Describe A complement. 2:19 b. Describe intersection of events A and B. 2:58 c. Describe the event that is the union of events A and B. 3:44 d. Are events A and B mutually exclusive? 4:33 e. Are events A and B collectively exhaustive? 5:25 f. Show that (A intersection B) ∪ (A complement intersection B) = B. 7:02 g. Show that A ∪ (A complement intersection B)=A ∪ B #statisticstutor #statisticsforeconomics #statisticsforbusiness #onlinestatisticstutor #statisticsvideolectures #stats #statistics #alevelmaths </video> <video> Choice Q5.8 - Part 1 (From 'Workouts in Intermediate Microeconomics' by Hal Varian) Description: Whatsapp +91-9560560080 for one-one online Microeconomics, Statistics or Econometrics coaching. Our Online Coaching Page: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor Schedule a free discussion call with us: Mail: admin@eduspred.com Whatsapp: +91-9560560080 Linkedin ( Shubham Kalra ) : https://www.linkedin.com/in/shubham-kalra-ba078a67 Website: www.eduspred.com Question Solved in this video: Remember our friend Ralph Rigid from Chapter 3? His favorite diner, Food for Thought, has adopted the following policy to reduce the crowds at lunch time: if you show up for lunch t hours before or after 12 noon, you get to deduct t dollars from your bill. (This holds for any fraction of an hour as well.) a) Use blue ink to show Ralph's budget set. On this graph, the horizontal axis measures the time of day that he eats lunch, and the vertical axis measures the amount of money that he will have to spend on things other than lunch. Assume that he has $20 total to spend and that lunch at noon costs $10. (Hint: How much money would he have left if he ate at noon? at 2 P.M.? at 10 A.M.?) b) Recall that Ralph's preferred lunch time is 12 noon, but that he is willing to eat at another time if the food is sufficiently cheap. Draw some red indifference curves for Ralph that would be consistent with his choosing to eat at 11 A.M. The optimal consumption position is where the indifference curve is tangent to the budget line. 0:00 Introduction to Choice Q5.8 - Part 1 0:23 Part (a) The above question is taken from 'Workouts in Intermediate Microeconomics - A Modern Approach' by Hal Varian and Theodore C Bergstrom. Some of the microeconomics courses we have catered to: Microeconomics: University of Kent Intermediate Microeconomics (ECON 3211) - Columbia University EC100 - Economics (London School of Economics) Microeconomics - 37293 (Università di Bologna) EC1A3 Microeconomics I (London School of Economics) EC201 Intermediate Microeconomics (University of Reading) MG207 Microeconomics (London School of Economics) ECN 111 – Microeconomics 1 (Queen Mary University of London) Microeconomics II (HS 2020) EC3101 Microeconomic Analysis II #varianworkbook #intermediatemicroeconomics #microeconomicsvarianworkbook </video>

Contacts and Links

Description

We have provided support to students from 85+ universities in the field of Microeconomics, Statistics and Econometrics.

Need one-one online coaching?

Schedule a free discussion call: https://www.eduspred.com/pages/help-microeconomics-econometrics-statistics-tutor

Some of our books on Amazon.com:

Book 1: Statistics: The Simplest Introduction to Random Variables
Link: https://www.amazon.com/Statistics-Simplest-Introduction-Random-Variables-ebook/dp/B08KPMQ6Q9

Book 2: Econometrics Quiz: Master Simple Linear Regression
Link: https://www.amazon.com/Econometrics-Quiz-Regression-detailed-explanation-ebook/dp/B08LZZDVH1

Book 3: Econometrics: The Simplest Introduction to Cross-Sectional and Time Series Data
Link: https://www.amazon.com/Econometrics-Simplest-Introduction-Cross-Sectional-Time-ebook/dp/B0CJ8BV4NQ

Search for 'Shubham Kalra' on Amazon to view all our books.

Videos from channel