What This Document Is
This is a problem set for Economics 113 at the University of California, Berkeley, designed to reinforce understanding of key economic concepts. It focuses on applying econometric techniques to analyze historical data related to social and economic development. The assignment requires students to interpret regression results and draw inferences about relationships between various socioeconomic factors. It’s intended to be completed outside of lecture and submitted for grading.
Why This Document Matters
This problem set is ideal for students currently enrolled in an intermediate or advanced economics course, particularly those focusing on econometrics, labor economics, or economic history. It’s most beneficial when used *after* covering regression analysis and the interpretation of coefficients. Working through these problems will help solidify your ability to translate statistical output into meaningful economic insights and develop critical thinking skills regarding causal inference. It’s a valuable tool for self-assessment and preparing for more complex analyses.
Topics Covered
* Regression Analysis
* Interpretation of Regression Coefficients
* Socioeconomic Determinants of Educational Attainment
* Historical Economic Trends (early 20th Century US)
* Dummy Variables and their Interpretation
* Opportunity Cost Analysis
* Regional Economic Differences
What This Document Provides
* A dataset summary presented in a regression table format, detailing the relationship between several variables and high school graduation rates in 1910 and 1928.
* A series of analytical questions designed to test your understanding of the regression output.
* A real-world economic context – the analysis is based on data from Goldin & Katz’s research on human and social capital.
* Opportunities to practice applying economic reasoning to interpret statistical findings.
* A framework for considering how economic factors influence social outcomes.
