And your understanding of the methodology and the theory and | econometrics | Florida Institute of Technology

IMPORTANT. There are TWO problems. Each worth 35 points. Nominate (choose) ONE of

the problems that will be fully marked. Your 30% of the marks will be based on this problem.

The remaining 5% will be based on your ‘reasonable’ attempt at the remaining problem.

• Reasonable will be judged based on your general understanding of what needs to be done,

and your understanding of the methodology and the theory and application. But we will

NOT FULLY CHECK THE CODES AND THE COMPUTATIONS. Theoretical results

will be checked.

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