week 5

Homework: Chapter 6

Questions: 6.3, 6.6, and 6.7

Problems 6.11 (a-c) and 6.28 (a-g)

• Select an economic problem or theory and discuss how dummy variables could be applied.
• Determine the value that dummy variables would add to your analysis (think outside the box on this one – avoid obvious examples like gender, race, etc.).