The Meaning and Purpose of Econometrics: Econometrics of Demand. Econometric demand equations.

Theory of the disturbance term. Cross-sectional analysis, and Engel curves. Econometric Methods: Least Square (LS), Tests of original hypotheses, and analysis of residuals.

A battery of statistical and economic tests of the economic and statistical hypotheses of the equation of relation; co-efficient of correlation, determination, variation; t-tests; test for randomness or serial correlation of the disturbances, of graphing the residuals, and by the Durbin-Watson ‘d’ statistic.

The general linear equation of relation with many variables estimated by classical least square, and using matrix methods.

The sample error co-variance matrix of estimated parameters. Econometrics of the Firm and of Supply.