...ECON 1002 Tutorial 4 Assignment Click Link Below To Buy: http://hwcampus.com/shop/econ-1002-tutorial-4-assignment/ ECON 1002 Tutorial 4 Assignment You are given data on food expenditure, income and demographic characteristics of 150 married couples, where the husband is a manual worker and is aged 30-50. All survey interviews take place in the same month. You decide to estimate an Engel curve and regress the ratio of food expenditure to income (wfoy) on the logarithm of net current income (ncy), the number of children aged 6-10 (kids2), the number of children aged 11-17 (kids3) and an indicator for London (london = 1 if the couple lives in Greater London, and 0 otherwise). Your estimates are: OLS Estimation, Dependent variable is wfoy, 150 observations Variable Coefficient Standard error constant 0.877 0.065 ncy -0.155 0.014 kids2 0.026 0.006 kids3 0.138 0.032 london 0.047 0.018 R2 0.496 Mean of wfoy 0.189 Mean of ncy 4.473 (a) On the basis of the above estimates, establish if food is a necessity or a luxury. (b) Establish the statistical significance of the coefficient on london. (c) Further, compute the income elasticity for a hypothetical couple living outside London, with mean log income and no children. (d) It has been suggested that share of budget spent on food is a good indicator of household living standard. Households spending a lower share of their budget on food are to be regarded as better off. If number of young children in a household were...
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...UNDERGRADUATE REGULATIONS & SYLLABUSES 2014 - 2015 THE FACULTY OF SOCIAL SCIENCES TABLE OF CONTENTS MESSAGE FROM THE DEAN ............................................................. 3 UNDERGRADUATE PROGRAMMES ................................................ 4 ACADEMIC CALENDAR 2014-2015 ................................................ 5 DEFINITIONS ...................................................................................... 13 GENERAL INFORMATION & REGULATIONS .............................. 14 General Regulations for Bachelor of Science Degrees 14 Special Regulations for Degrees in Hospitality and Tourism Management........................................................... 27 Franchise Agreements .......................................................... 27 EVENING UNIVERSITY -GENERAL INFORMATION & REGULATIONS ................................................................................... 28 General Regulations for Bachelor of Science Degrees 28 General Regulations for Diploma Programmes ............ 36 General Regulations for Certificate Programmes ......... 37 STUDENT PRIZES .............................................................................. 38 CODE OF CONDUCT ........................................................................ 39 UNIVERSITY REGULATIONS ON PLAGIARISM .......................... 40 THE ACADEMIC SUPPORT/ DISABILITIES LIAISON UNIT (ASDLU) ..............................................................................................
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