Estimate Demand function with given data Revise all gauss Markov Conditions (At least % different tests are needed in assignment) Introduction is needed Interpretation is the most important part A...

Estimate Demand function with given data
    Revise all gauss Markov Conditions (At least % different tests are needed in assignment)
    Introduction is needed
    Interpretation is the most important part
    A full set of references: Minimum 5 References (Harvard style)
    Country: Ruritania / Currency : Crowns / Other units of measurement can be defined by students but needs to be clearly indicated at the beginning of the project report
    Compare my findings from Ruritania and real findings from real countries ie) from US or others
    Must use Microeconomic concepts: Slutsky equation, Substitution effect, Income Effect, and Elasticity of demand
    Find β_t (coefficients) that fits Gauss Markov condition and Microeconomic theory.
    Refer to ‘EDS sum assgn fdbk form’  there are 9 general headings that have to be fulfilled
    Estimation may need to use proportion(%) or Log or ln or Linear log etc.. BECAREFUL!!!
    Just mention Gauss Markov condition once in the first part and indicate it whenever it is repeated.
    Presentation of statistical tables and graphs need to be presented in the assignment.
    Homogeneity and Slutsky tests are COMPULSORY
    Interpretation: Always explain why the result is like that.


Example essay from the last year is given as