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Essay text:
Prof Sami Fethi |
|Sami.fethi@emu.edu.tr |
| |
PART 1: Selected Research Topics for Semester Project
Topic 1: Demand Theory
Title: General demand function
Aim: This study empirically investigates the determinants of quantity demanded of any product and the role of the other factors in X economy.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically investigate the determinants of quantity demanded of any product.
Model:
Qd=f (P, I, PR, T, PE, N)
The Theory says:
Qd=f (P, I, PR, T, PE, N)
-, +/-, +/-,+, +, +
N/I, S/C
Data:
Qd is quantity demanded of the good and service, P is price of the good and service, I is consumer’s income per capita, PR is price of the related goods and services, T is taste patterns of consumers, PE is expected price of the good in some future period and N is number of consumers in the market...
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