Download selected topics 18/11/15 - FBE Moodle

EASTERN MEDITERRANEAN UNIVERSITY
Faculty of Business and Economics
Department of Business Administration
FALL SEMESTER
MGMT 503 Managerial Economics
MBA
Selected Research Topics
For Presentation
Fall Semester
By
Coordinator
Prof. Dr. Sami Fethi
[email protected]
Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
Selected Research Topics for Presentation
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.
Topic 2: Demand Theory
Title: Import Demand function
Aim: This study empirically investigates the determinants of quantity demand for
particular imported commodity of any product and the role of the relevant 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.
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Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
Model:
QM=f (PM, I, PY, T, CPI, N)
The Theory says:
QM=f (PM, I, PY, T, CPI, N)
-, +/-, +/-,+, +, +
N/I, S/C
Data:
QM is quantity demanded of the good and service for imports, PM is price of imported the
good and service, I is consumer’s income per capita, T is taste patterns of consumers, CPI
is consumer price index and N is number of consumers in the market.
Topic 3: Demand Theory
Title: Tourism Demand function
Aim: This study empirically investigates the effect of world income and the relative
price of tourism in X economy based on demand for export of tourism.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate the determinants of demand for export of tourism.
Model:
Qx=f (Px/ PW, (Px/ PW )t-1 ,E, E t-1, IW , IW t-1)
The Theory says:
Qx= (Px/ PW, (Px/ PW )t-1 ,E, E t-1, IW , IW t-1)
+,
+
, -,
-, +, +
Data:
QX is the quantity of exports of tourism demanded, PX is price of tourism (CPI), PW is
price of relevant country’s CPI, IW is country’s GDP and E is the country’s exchange rate
in terms of foreign currency.
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Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
Topic 4: Demand Theory
Title: Demand for Energy
Aim: This study empirically investigates the determinants of aggregate energy demand
in X economy based on both real energy price and real GDP.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of aggregate energy demand.
Model:
Yt=f (PE ,RGDP)
The Theory says:
Yt= (PE , RGDP)
-, +
Data:
Yt is aggregate final energy demand, PE is real energy price and RGDP is real GDP.
Topic 5: Demand Theory
Title: Demand for Money
Aim: This study empirically investigates demand function for money in an economy
based on both interest rate and real GDP.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate investigates demand function for money.
Model:
Mt=f (R ,RGDP)
The Theory says:
Mt= (R, RGDP)
-, +
Data:
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Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
Mt is M2; money supply, R is interest rate and RGDP is real GDP.
Topic 6: Production Theory
Title: Cobb-Douglas Production Function
Aim: This study empirically investigates the determinants of output in X economy based
on both capital and labour.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of production output.
Model:
Yt=f (a Kb ,Lc)
The Theory says:
Yt= (Kb , Lc)
+, +
Data:
Yt is gross domestic product, K is fixed capital formation and L is number of
employment in an economy.
Topic 7: Production Theory
Title: Solow Growth Model (exogenous growth model)
Aim: This study empirically investigates the determinants of growth in an economy
based on both capital and labour and Technology.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of growth output.
Model:
Yt=f (a Kb ,Lc , T)
The Theory says:
Yt= (Kb , Lc ,T)
+, + , +
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Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
Data:
Yt is gross domestic product, K is fixed capital formation, L is number of employment
and T is the technology (i.e., trend) in an economy.
Topic 8: Production Theory
Title: Romer Growth Model (Endogenous growth theory)
Aim: This study empirically investigates the determinants of growth in an economy
based on both capital and labour and Technology.
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of growth output.
Model:
Yt=f (a Kb ,Lc , Hd ,T)
The Theory says:
Yt= (Kb , Lc ,Hd ,T)
+, + , + , +
Data:
Yt is gross domestic product, K is fixed capital formation, L is number of employment, T
is the technology (i.e., trend) and H is human capital (i.e. number of university or
secondary school enrolment) in an economy.
Topic 9: Cost Theory
Title: Total Cost function
Aim: This study empirically investigates the determinants of total cost in an economy
based on output (Q) rental price of capital (r) and wage rate (w).
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of total cost.
Model:
Tt=f (a Qb ,Wc , rd )
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Selected Research Topics
Dept of Business Administration
Assoc. Prof. Sami Fethi
The Theory says:
Tt= (Qb , Wc ,rd )
+, + , +
Data:
Tt is total cost, Q is output, W is wage rate and r is rental price of capital.
Topic 10: Cost Theory
Title: Cost of production in electric utility industry
Aim: This study empirically investigates the determinants of cost of production in an
economy based on output (Q), price of capital (k), price of labour (l) and price of fuel (f).
Methodology: In this study, Ordinary Least Square (OLS) is conducted to empirically
investigate determinants of cost of production.
Model:
Pt=f (a Qb ,Kc , Ld , Fe)
The Theory says:
Pt= (Qb , Kc ,Ld , Fe)
+, + , + , +
Data:
Pt is measured in millions of dollar, Q is measured in thousand of KWh, k is measured in
dollar per capital, l is measured in dollar per labour, and f is measured in dollar per
million BTUs.
NOTE: ANY TOPIC THAT YOU CONSIDER BASED ON THE
THEORIES EXPLAINED DURING THE COURSES CAN BE
SELECTED.
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