Describe data collection techniques for analyzing market
Microeconomics
Project Milestone: Econometric Model Selection
Submit a report of the topic you have chosen and the data available to conduct
a review of this topic. In your introduction, describe what guides the
selection of appropriate econometric models in studies of interactions between
environmental and economic variables. Specifically discuss the economic
situation, theory, identified needs, and application of models to address the
problem. In addition, briefly describe data collection techniques for
analyzing the market, stated preference, and revealed preference techniques.
This introduction should be general in nature, but appropriate for both
technical and non-technical audiences
Milestone
Your economic impacts and results paper should answer the following question:
Based on the measurement of environmental-economic impacts examined during
this course, what information would non-economists need in order to understand
the implications of these situations so that they can determine possible
benefits of future studies?
Milestone One consists of an introductory report on the topic you have chosen
and the data available to conduct a review of this topic. In your
introduction, describe what guides the selection of appropriate econometric
models in studies of interactions between environmental and economic
variables. Specifically, discuss the economic situation, theory, identified
needs, and application of models to address the problem. In addition, briefly
describe data collection techniques for analyzing the market, stated
preference, and revealed preference techniques. This introduction should be
general in nature, but appropriate for both technical and non-technical
audiences.
Specifically, the following critical elements must be addressed:
Introduction
A. In general, what guides the selection of appropriate econometric
models in studies of interactions between environmental and economic
variables? Specifically discuss the economic situation, theory, identified
needs, and application of models to address the problem.
B. Briefly describe data collection techniques for analyzing market,
stated preference, and revealed preference techniques.
Guidelines for Submission: Milestone One must be two to three pages in length
with double spacing, 12-point Times New Roman font, one-inch margins, and APA
citations.
