Contents
### Econometrics ###
1. Gauss Markov Assumptions
2. Hypothesis Tests (SERIES COMPLETED!!!)
t-test
F-test
Ramsey’s RESET test
Chow test
Park test
Goldfeld-Quandt test
White’s Test
Durbin-Wu-Hausman test
Wald test
Log-likelihood ratio (LR) test
Z-test under MLE
Breusch-Godfrey (LM) test
Durbin-Watson d test
Durbin-Watson h test
Common Factor test
Dickey-Fuller test (Unit Root Test)
Augmented Dickey-Fuller test (Unit Root Test)
3. Estimation methods
Ordinary Least squares method (OLS)
Weighted least squares (WLS)
Generalised least squares (GLS)
Indirect least squares (ILS)
Two-stage least squares (2SLS)
Instrumental variables (IV)
Maximum Likelihood
4. R-squared explained
5. Violations of Gauss Markov Assumptions.
Heteroscedasticity
Endogenity
Autocorrelation
6. Stationarity and Nonstationarity
7. Simultaeneous Equations
Problem of identification
Methods of Estimation (IV, 2SLS, ILS)
### Macroeconomics ###
Macroeconomics Topics
ISLM
Open Economy IS-LM-BP
Consumption Theories
Investment Theories
Money Demand/Supply
Inflation and Unemployment
AD/AS
Economic Growth
Macroeconomic Models/ Laws/ Conditions/ Theories
IS LM model
Mundell-Fleming model
AD AS model - SRAS - Different shapes of SRAS
Labour Market: Types of Unemployment and Natural rate of Unemployment
Sticky wage model
Worker misperception model
Sticky price model
Phillips curve
Natural Rate of Unemployment
Okun’s Law
Solow’s growth model - assumptions, steady state, comparative statics (SR/LR effects), the golden rule
Solow model with with exogenous technology - Production with exogenous technology, Solow residual, steady state, comparative statics
New growth theory
The AK model
Endogenous model of economic growth (includes Human Capital, H.)
Marshall lerner condition and trade balance
Uncovered interest parity (UIP) condition
Keynesian Consumption Theory
Fisher model of inter temporal consumption - Life cycle Hypothesis (LCH), permanent income hypothesis (PIH), Ricardian equivalence proposition (REP)
Theories of Investment
Money Market Models - Baumol-Tobin transactions model, Tobin speculative demand model, Quantity Theory of Money
Macroeconomic Phenomenon
Liquidity Trap
Deflation
Recession
Inflation - Costs/ Benefit
Unemployment - Types: Classical, Frictional and Structural and Cyclical.
Exchange rate crisis
Paradox of Thrift
Macroeconomic Policy
Monetary Control - Open market operations, Reserve ratio, discount rate
Monetary policy
Fiscal policy
Fixed vs Flexible exchange rate regimes
### Microeconomics ###
What does microeconomics do?
Consumer Theory
Labour Supply and the effect of tax
Saving, Investment and choice over time
Choice under uncertainty
The firm
Competition and monopoly
Game theory: an introduction
Oligopoly and strategic behaviour
General equilibrium and welfare economics
Asymmetric information
Externalities and public goods
Government and public choice