M.A. DEGREE EXAMINATION, NOVEMBER 2017
Third Semester
Economics
Elective — ECONOMETRICS
(CBCS 2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
1. Define ''Econometrics''.
2. What is pooled data?
3. Define
4. What do you mean by demand curve?
5. What is demand analysis?
6. Define
7. What do you mean by goodness of fit?
8. What is Phillips curve?
9. Define variable''.
10. What are the types of forecasts?
Sub. Code
455503
RW-730
2
Wk 10
Part B 5 25)
Answer all questions choosing either or
11. What are the goals of econometrics?
Or
Write a note on cross, section data. Give an
example.
12. Write a note on Engel's law.
Or
Discuss dynamic demand analysis.
13. State the limitations of Cob-Douglas production
function.
Or
Discuss the measurement of multifactor
productivity.
14. Discuss the purchasing power parity of foreign
exchange.
Or
Explain the methods to estimate CES production
function.
15. Elucidate the OLS method.
Or
Explain unit root test.
RW-730
3
Wk 10
Part C x 10 30)
Answer any three questions.
16. Elucidate the scope of econometrics.
17. The following table includes the price and quantity
demanded for the product
Quantity (in Thousand) 8 3 4 7 8 0
Price (in Rs) 2 4 3 1 3 5
Estimate the average price elasticity of demand
Forecast the Level of demand if price rises to Rs.8
18. Discuss the problems in the estimation of demand
analysis.
19. Discuss the Phillips curve. Give suitable application.
20. What is VAR? Discuss estimation and problem of VAR.
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