Write a paper on Managerial Economics.I want professional and plagiarism free work, please.Attached the requirements. I will send the course slides to help in writing the paper.
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The objective of this assignment is to give you an introduction into conducting empirical research
and presenting the results of that research in a professionally written paper. To carry out this
research, you will identify an economic relationship (or a demand equation) between variables that
are interesting to you. In your paper, you will describe this relationship and present a lucid
argument for the importance of a better understanding of this relationship. And then, collecting
appropriate data, you will empirically estimate this relationship along with all of the appropriate
goodness of fit tests and statistics. Finally, you will analyze and report the results of your empirical
estimation with particular emphasis on how these results are important and useful for a manager
of a business enterprise or an economic agent faced with a choice. Your final report must contain
the following sections:
a. Brief Introduction Discuss and flesh out the motivation for the economic relationship you
are estimating in this paper. While you do not have to go into lengthy discussions
about the underlying economic theory, it should be sufficiently detailed so the
relationship you are estimating is made clear to the reader. In this section, you should
include a short discussion of the literature. Be sure to tell a story: why do you think
your independent and dependent variables are related? While it does not need to be
exhaustive, pick three to five papers to frame your research and show how it fits in
with prior research. [One way to do this is to tie your hypotheses with prior scholarly
b. Data Description Give a brief discussion of the data and how/where they were collected.
At the minimum, you should note the time range of the data, scales of the data (i.e.,
data in millions of dollars or thousands of tons, etc.), and any notable events that may
be applicable to your data set (such as change in corporate ownership or natural
disasters, etc.). Also, you should describe the institutional setting of your data. (E.g.,
you should discuss the business with an eye towards how some unique industry
practices might have an impact on the specific data that you had collected.) Also
include a table of basic descriptive statistics for your data. Your description of the
data should be aided by carefully drawn, well-labeled charts and figures of your data,
and summary statistics of your data.
c. Regression Model and Results Carefully develop your regression model. You must
support your model with a story of why the right-hand side variables you include
are important and/or with the support of the relevant economic theory (including your
hypotheses). Report your regression results in an equation form (see the textbook for
how this is done) and in table form. Be sure to report all relevant statistics: coefficient
estimates, standard error, R2, various test statistics, etc.
d. Discussion and Diagnostic Tests Carry out all appropriate goodness of fit tests and
briefly discuss the fit of your regression equation. Which form is the preferred:
linear or log-linear? Explain your conclusion. Finally, carefully describe what your
empirical results are telling you about your hypothesized economic relationship that
you had outlined in part a.
e. Conclusion What does your regression tell you about the demand in the industry? What
more can be done in the future?
While there will not be a hard page limit for this paper, overall, this mini report should be
ten to twelve double spaced pages long with 1 margins, not including tables and figures.
Please keep in mind that the objective of this mini project is to get your hands dirty working
with a data set that is interesting to you. As such, we are not looking to break new theoretical
ground just come up with a simple economic relationship and model it using a simple yet robust
Style requirements: please use either APA or Chicago/Turabian citation styles. For
additional citation information, see a librarian or the librarys website.
First: One to two page proposal. This will contain a rough description of what you want
to model along with what types of data will be required and how you will
obtain them. Note that it is not necessary that you have the data in hand
by this date.
Second: One to two page progress report. By this time, you should have collected most,
if not all, of your required data. Describe the data: means, variances, etc.
Include a plot of the data.
Your report will, at the minimum, include the following:
Description of the model (including modifications that were suggested
from the proposal).
Regression Equation of the model.
Table(s) that describes the data (means, variances, min, max, # of
Figures/plots of the data.
For any data that has not been collected yet, a complete and detailed
description of when and where the data will be collected (must include
documentation, website, and/or contact information of the (potential)
Final papers are submitted via Chalk & Wire1. This report should contain
the five sections described on page 1 along with:
a) Simple cover page
b) References (Three sources minimum, must be in proper format)
c) Appendix (at minimum include excel spreadsheet printout of the
regression(s), other possibilities include data description, data
Only the Progress Report and the Final Paper will be graded. The Progress Report will
make up 25% of the total Mini Paper Grade while the Final Paper will make up the
remaining 75%. Please note that late submissions without prior approval of the instructor
will incur a substantial late penalty. A grading rubric follows.
Well written paper
includes description of
equation, tables of data,
figures and plots, and a
description of remaining
data to be collected
Data is poorly
but does not
read or does
5 or more
Paper is mostly
follow at points.
Paper is missing
Data is well-written,
and includes welllabeled figures, plots
and tables as well as
knowledge of relevant
economic theories as
well as their
interpretation relative to
question asked. Places
paper into context of the
literature and provides
the story behind the
is supported by
regression results, and
No errors in grammar,
spelling or punctuation
Paper is well organized
with clear topic
sentences and follows a
cohesive train of
thought; includes all
parts outlined in
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