Scribd
Upload
12 views1 page

Tutorial Sheet 1

The tutorial sheet from the University of Zimbabwe's Economics Department outlines key concepts in econometrics, including its goals and the use of econometric models. It poses questions on quantitative analysis, the significance of model parameters, and the inclusion of error terms. Additionally, it explores the investigation of national saving determinants in Zimbabwe, covering functional forms, guiding economic theories, and the distinction between time series and panel data.

Uploaded by

iduluzimunashe5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
12 views1 page

Tutorial Sheet 1

The tutorial sheet from the University of Zimbabwe's Economics Department outlines key concepts in econometrics, including its goals and the use of econometric models. It poses questions on quantitative analysis, the significance of model parameters, and the inclusion of error terms. Additionally, it explores the investigation of national saving determinants in Zimbabwe, covering functional forms, guiding economic theories, and the distinction between time series and panel data.

Uploaded by

iduluzimunashe5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

University of Zimbabwe

Economics Department
Tutorial Sheet 1: Nature of Econometrics and Economic Data

1. State the goals of econometrics?

2.
a) List three quantitative questions that would be solved using econometrics.

b) The following is an econometric model Yt   1   2 X   t


i) What is 1 and  2 ? What are they used for?
ii) Explain at least 6 reasons of including  in the model.

3. A macroeconomist has been tasked to investigate the determinants of national


saving in Zimbabwe.
i) Suggest the functional form that would be used in this case
ii) State the economic theory that will guide the analysis
iii) Specify the empirically testable model and justify your choice of
explanatory variables
iv) What is the expected impact of each independent variable

4. i) State the difference between time series and panel data.


ii) State sources of economic data in Zimbabwe

-END-

You might also like