Contemporary Engineering Economics Pdf Download
in the second part of the book, the materials were selected based on the depth of each, rather than on the original nrc-2's subject areas. thus, the first chapter is devoted to "water resources and environmental quality," a topic of limited depth. accordingly, the first chapter's treatment of the nrc-2 units on efficiency, economics, and analysis, was only a broad outline of the nrc-2's economic and design methods. another objective was to provide a model teaching course at the introductory level that would provide an integrated look at the tools and methods the nrc-2 had developed. it provided a basis for the course in the second part of the book that could be taught over the course of the two semesters.
the goal of econometrics is to take a bunch of data and boil them down to a meaningful number that can be used to make decisions. this course provides a deep dive into this area of economics focusing on the non-parametric models of econometrics. along with the challenge of fitting statistical models to a diverse set of data, students will look at the issues surrounding issues surrounding model selection and parameter estimation. students will learn how to use real data to create a model and how this process is aided by software packages and techniques of estimation. they will become familiar with the different types of econometric models, their pros and cons and the necessary computational skills to make the most of the models. through lectures, discussions, case studies, and worked examples, students will understand the many ways in which econometric models are implemented and their shortcomings and limitations. at the end of the course, students will be able to write a computer program or simulation that implements the statistical model of interest and carry out a series of non-parametric tests using the simulations.
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