M. Phil EconomicsGuru Nanak Dev University
Price on request
The Guru Nanak Dev University's Faculty of Economics and Business offers M. Phil Economics course to its students. The course structure for it is as follows:
Unit - I
Meaning of Research, Objectives of Research, Characteristics of and steps in scientific methods of research, Methods of research in economics, Selection of appropriate method for date collection;
Observation method; Construction of schedule/questionnaires, Interview method, Guidelines for successful interviewing.
Unit - II
Sampling Techniques: Simple random sampling; pps sampling; Stratified random sampling; multistage sampling (applications only).Testing of hypotheses: Sampling distributions, properties of t, F and χ2
distributions and tests bases on these distributions. Univariate one-way analysis of variance.
Multivariate normal distribution, its properties without proof; one way multivariate analysis of variance, Fisher's linear discriminant analysis. Principal component analysis and factor analysis (basic
Unit - III
Model Formulation and specification of General regression model: Problem of estimation and inference; pooling of cross sectional and time series data. Regression with dummy explanatory
variables. Regression with dummy dependent variables-the probit and logit models. Lagged models: the Koyck model, Nerloves Partial adjustment and the Almon (polynomial) model.
Unit - IV
Time series forecasting, Box Jenkins based AR, MA and ARMA. models; causality analysis, Concepts of stationarity, unit root, cointegratrion. Simultaneous equations models: identification problems; rank
and order conditions. Indirect least squares (ILS) and two state least squares (2SLS) methods of estimation.